Posted on 12/02/2011 5:53:03 AM PST by The_Victor
Job creation remained weak in the U.S. during November, with just 120,000 new positions created, though the unemployment rate slid to 8.6 percent, a government report showed Friday.
The rate fell from the previous month's 9.0 percent, which would reflect a drop in the participation rate among those without jobs.
Average earnings were essentially flat, up two cents to $23.18 an hour. Private payrolls increased 140,000, considerably less than a report earlier this week showing that nongovernment jobs were up by more than 200,000 for the month.
(Excerpt) Read more at cnbc.com ...
8.6% is actually a BAD sign. CNBC folks were hoping for an INCREASE to show that more people were actively seeking jobs. It is a shame that Americans don’t really know this number meaningless by itself.
zero will be doing a victory lap toting this lie to all of the gullible news readers for the next week.
Close enough. The jobs aren’t even there to not look for any more. Businesses are taking Help Wanted signs out of their windows or deciding to hire 10 people instead of 15.
This entire discussion about unemployment is just so dishonest. The American people should be allowed to sue for fraud - how many people are making bad investment decisions off this data?
America is just becoming one big SCAM!
Be prepared for a revision to those numbers - an “unexpected” error was made, there were actually only 20,000 jobs created (if that).
These unemployment numbers are, as Mr. Spock would probably say, “warm leavings from a male cow.”
1. Lies
2. D@*% Lies
3. Government Statistics
Yay! Go Wall Street! Go big businesses! If it weren't for these two, who knows how bad all this would have gotten.
The democrats were obviously wrong about the job creators. It looks like the private sector saved the day, despite the democrats attempts to destroy it!
(The spin can go both ways)
It’s the denominator ,stupid.
Go to www.shadowstats.com for better metrics on the economy. The BLS is not inaccurate per se, but their methods leave out all the people who want employment, but gave up looking, and they leave out underemployment.
I agree with you about the seasonal jobs, but look at that line above in italics that I copied from the article.
It means that an insignificant number of jobs were added, but that an ENORMOUS number of people dropped out of even looking for jobs...the so-called "discouraged workers" number. That number must be huge and the media doesn't make it the headline???!!
Good news from the Ministry of Economics. Rejoice comrades, Dear Leader is creating jobs.
Wow. That is a HUGE drop in the number of people that are giving up on finding work. The frustration level must be WAY up, or many on assistance stopped pretending they’re looking.
“Wow. 8.6 is better, but needs to do better than that. Hopefully we are on the way back from the brink. Still must do something about the debt though.”
I think I just found a buyer for a bridge in NYC I need to unload.
AND on Jan 3rd that rate will “enexpectidly” rise to over 9%.
The unemployment rate, derived from a separate survey of households, was forecast to hold at 9 percent, according to the survey median. The decrease in the jobless rate reflected a 278,000 gain in employment at the same time 315,000 Americans left the labor force.
The labor participation rate declined to 64 percent from 64.2 percent.
Good news!
Chocolate rations have been increased from 1/2 ounce per day to .4 ounces per day!
Really! I mean, how in the world can there be on average 400K or so new unemployment claims PER WEEK and yet, 120-140,000 new jobs results in a decrease of almost half a percentage point in the jobless rate! NO WAY can that be! Just no way!
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