Posted on 12/02/2016 6:50:15 AM PST by SeekAndFind
The U.S. economy added 178,000 jobs in November, and the unemployment rate fell to 4.6 percent from 4.9 percent the previous month, according to new government data released Friday morning.
The first employment report after a contentious presidential election in which the candidates expressed diverging views of the health and direction of the economy showed a job market that is continuing to steadily strengthen from the recession.
“Overall, it’s a labor market that is continuing to improve, that has a decent momentum,” said Josh Feinman, chief global economist at Deutsche Asset Management. “So that’s certainly encouraging.”
Economists surveyed by Bloomberg News had expected U.S. employers to create 180,000 new jobs last month -- roughly in line with the average number added in the first 11 months of the year.
The unemployment rate fell to levels not seen since August 2007, before a bubble in the U.S. housing market began to burst. The fall was driven partly by the creation of new jobs and partly by people retiring and otherwise leaving the labor force. The labor force participation rate ticked down to 62.7 percent last month.
Average hourly earnings declined by 3 cents to $25.89. The decrease pared back large gains seen in October, but over the year, average hourly earnings are still up 2.5 percent, the Bureau of Labor Statistics said.
(Excerpt) Read more at washingtonpost.com ...
Obviously....THEY COOKED THE BOOKS...again.
Trump should release the real numbers soon after getting into office.
Sure it did. By the morning of 1/20/2017 I’m sure the unemployment rate will be 0.0% and virtually everybody in the country will have a job. Just so they can lament the departure of the lyin’ king and his wonderous skills.
Yep!! They couldn’t let President Trump get the upper hand...I hate them!!
Trump can propose all the infrastructure jobs he wants, but he will first need to coax workers back into the labor market, and shut off all the government incentives that keep people out of the labor force.
So says the Obama regime. Believe it at your own risk.
95.1 million Americans no longer in the labor force. A record.
#fakenumbers
YAY! Let’s all pretend that part time Christmas retail jobs are the real engine that makes our economy hum...
I wonder how many of those “new jobs” are people who decided to stop looking for work.
How many of them were full times jobs magically converted into two part time jobs thanks to Obamacare?
Predictably, the cooked books show all is great. Unpredictably, the fake-news was too late to help she-whose-name-shall-not-be-spoken.
But get ready. Janet Yellin will find this justification enough for shutting off the easy money spigot so things can slow down by the inauguration. Then the real revised economy numbers will show a less rosy picture (color me shocked) and the msm attacks on Trump can begin with renewed vigor.
Of that number, 118,000 were/are part time jobs!
And the Democrats will blame the increases on Trump. It is the Democrat Way.
People dropping off from being counted is not lowering the unemployment rate.
I am unemployed, don’t buy it.
“Trump should release the real numbers soon after getting into office.”
ABSOLUTELY.
Day one he needs to clean out the government agency, and I mean clean it out, producing these numbers. The new head of this agency within 30 days needs to revise the unemployment number to reality and have a press conference revealing the TRUE unemployment rate in the US.
Failure to do this will allow the same clowns cooking the books to start publishing an INCREASING unemployment rate. At the midterm elections the news would be: Unemployment rate spikes higher under Trump.
CAN’T be allowed to happen.
“unemployment rate fell to 4.6 percent from 4.9”
90+ million adults out of work and the unemployment rate is under 5%. Right.
BULL CRAP! 446,000 LEFT THE WORK FORCE LAST MONTH - 95 MILLION OUT OF THE WORKFORCE AND DO NOT GET COUNTED - RECORD POVERTY - RECORD FOOD STAMPS - RECORD WELFARE - THE ECONOMY IS BAD - VERY BAD!!!!!
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