Posted on 12/03/2010 5:48:02 AM PST by MinorityRepublican
Edited on 12/03/2010 6:00:23 AM PST by Admin Moderator. [history]
WASHINGTON—The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued weakness in the labor market 17 months into the recovery.
Nonfarm payrolls rose by 39,000 last month as private-sector employers added only 50,000 jobs, the Labor Department said Friday. The October number was revised up slightly to show a 172,000 increase from a previous estimate of 151,000.
The unemployment rate, which is obtained from a separate household survey, unexpectedly rose to 9.8% last month. More than 15 million people who would like to work can't get a job.
Economists surveyed by Dow Jones Newswires had forecast payrolls would rise by 144,000 and that the jobless rate would remain unchanged at 9.6%.
“Economists surveyed by Dow Jones Newswires...”
Economists receieveing Federal Gov’mt grant monies....
Unexpected? Hic!
My liver can’t take it...
how UNEXPECTED!!!!
Everyone drink!
*hick*
Employment in the private service-providing sector rose 65,000 in November, though retail hiring fell a surprising 28,100 despite expectations of a busy holiday season.
http://www.cnbc.com/id/40489270
Lets at least hope Obama can get a book deal after 2012...
“This obamantion administration is using the tactics all communist nations do by controlling the numbers reported using the communist controlled media, mostly stupid overpaid liberals who are not worth watching or hearing from at all as they are boring and lying regularly.”
Can you point to any evidence that the Obama administration is calculating unemployment any differently than did the Bush ‘43 administration? What should the numbers be? And if you do not know, why are you so certain they are wrong?
There are indeed many “stupid...liberals,” as you say. There are also a fair number of stupid conservatives, or at least stupid people who think of themselves as conservatives.
9.8% unemployment my butt. It is well into the teens. Is there anybody out there who has had the patience and knowledge to actually track these numbers. I tried, but the baselines keep changing so I gave up. Perhaps the best thing to do is go back to the unemployment baselines that were in effect during W’s tenure.
Anybody have any suggestions?
Spokesb***h?
GMTA!!! LOL
They aren't.
But that's GOOD! Don't you know unemployment benefits are GOOD for the economy and create jobs?It's true! The dems say so!
17 months and this is still unexpected by the “experts”
The real unemployment rate is probably around 22.5% or 23%.
This is very significant. The "official" unemployment uses U3 data, which is totally wrong. If they used the same criteria they used during the Great Depression (when unemployment was 25%), and compared the same numbers today, the public would be told the truth - we are in a Depression.
You beat me to it by 5 minutes.
“riots and violence are coming and the streets will be filled with blood, hopefully more of the urban terrorists, union thugs, gays and leftists college kids than our side. Austerity measures are coming as inflation explodes and the economy goes further south that 1933. Tribulation is coming.”
After reading your post, I checked my yard. I couldn’t find any pieces of sky. I’ll keep looking.
You got something against banjos, FRiend?!? ;-P
A talking dog?
:>)
Yeah this is VERY scary, and portends even worse employment figures in January when the holiday seasonal employess (to the extent that there are any at all) are let go.
This whole thing is about to come crashing down. I would not be at all surprised to see rioting in the streets before spring.
I'm sure the MSM will say this, but let me be the first: With the economy that Obama inherited so unexpectedly bad, we sure are lucky that Obama and Pelosi were smart enough to spend $3.5T on TARP, Bailout, Stimulus, and other economy-boosting legislation in the past two years. Just imagine how bad this would have been without their valiant Keynesian efforts to protect working Americans! [Anyone on CNN or MSNBC who dared to suggest that the massive European-style socialist spending surge is the reason for the continued European performance of our economy would immediately be fired.]
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