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146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7%
Zero Hedge ^

Posted on 12/07/2012 5:58:47 AM PST by Perdogg

Looks like Sandy was not an issue at all in the November jobs report which beat in both the number of jobs added, at 146,000 on expectations of 85,000, while the unemployment rate declined to 7.7% from 7.9%, where it was expected to post as well. Watch this space next month for prio revisions: September and October saw 49K downward revisions combined. November will suffer the same fate.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS:
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To: Perdogg

Doesn’t this report make complete sense and shouldn’t everyone in the US actually expect this result given what the State of Pennsylvania candidly is now advocating to its people?

“Don’t be a chump with a 69K job!!!!, take the welfare because its way more lucrative!!!!”

http://www.aei-ideas.org/2012/07/julias-mother-why-a-single-mom-is-better-off-on-welfare-than-taking-a-69000-a-year-job/

Americans aren’t COMPLETELY STUPID YET.

People have been shown that they are far more well off by NOT WORKING and instead TAKING ALL THE FREE STUFF WELFARE so again I ask...isn’t this precisely what one would expect?


51 posted on 12/07/2012 7:18:18 AM PST by R0CK3T
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To: kabar

I like that chart. It would be nice if there were tagged unemployment rates at different spots so we can see, for example, an 8% unemployment rate at one point versus an 8% at another point.


52 posted on 12/07/2012 7:28:07 AM PST by mmichaels1970
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To: Lockbox

1980? I guess that Obama really is a return Jimmy Carter.


53 posted on 12/07/2012 7:28:27 AM PST by fhayek
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To: DAC21
The Repubs need to come at this number by saying...

Nobody listens to those guys anymore.
54 posted on 12/07/2012 7:29:53 AM PST by mmichaels1970
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To: Perdogg

So what happens when the total civilian workforce is down to 10 people?


55 posted on 12/07/2012 7:33:32 AM PST by OCCASparky (Steely-eyed killer of the deep.)
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To: fhayek
1980? I guess that Obama really is a return Jimmy Carter.

Right now, worse than Carter, and it's getting worse by the day. Wait until his cliff taxes kick in.
I think he's managed to finish the job his muslim brothers failed to do on 9/11 - and the 49% voted for him to do it, too.

56 posted on 12/07/2012 7:34:20 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Doogle
soon there will be a report that there never was a Benghazi incident

We have never been at war with East Asia/Benghazi...

We have always been at war with East Asia/Benghazi...

And in other news, chocolate rations have been increased to 8 from 10 grams!
57 posted on 12/07/2012 7:35:27 AM PST by OCCASparky (Steely-eyed killer of the deep.)
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To: Perdogg

This is all over the internet so I can’t take credit

COSTELLO: I want to talk about the unemployment rate in America.

ABBOTT: Good Subject. Terrible Times. It’s about 8 percent.

COSTELLO: That many people are out of work?

ABBOTT: No, that’s 16 percent.

COSTELLO: You just said 8 percent.

ABBOTT: 8 percent unemployed.

COSTELLO: Right 8 percent out of work.

ABBOTT: No, that’s 16 percent.

COSTELLO: Okay, so it’s 16 percent unemployed.

ABBOTT: No, that’s around 8 percent...

COSTELLO: Waits a minute. Is it 8 percent or 16 percent?

ABBOTT: 8 percent are unemployed. 16 percent are out of work.

COSTELLO: If you are out of work aren’t you unemployed?

ABBOTT: No, you can’t count the “Out of Work” as unemployed. You have to look for work to be unemployed.

COSTELLO: But they are out of work!!!

ABBOTT: No, you miss my point.

COSTELLO: What point?

ABBOTT: Someone who doesn’t look for work, can’t be counted with those who look for work. It wouldn’t be fair.

COSTELLO: To who?

ABBOTT: The unemployed.

COSTELLO: But they are all out of work.

ABBOTT:No, the unemployed are actively looking for work ... Those who are out of work stopped looking. They gave up. And, if you give up, you are no longer in the ranks of the unemployed.

COSTELLO: So if you’re off the unemployment roles, that would count as less unemployment?

[See the 10 best cities to find a job.]

ABBOTT: Unemployment would go down. Absolutely!

COSTELLO: The unemployment just goes down because you don’t look for work?

ABBOTT:

Absolutely it goes down. That’s how you get to 8 percent. Otherwise it would be 16 percent. You don’t want to read about 16 percent unemployment do ya?

COSTELLO: That would be frightening.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question for you. That means ther’re two ways to bring down the unemployment number?

ABBOTT: Two ways is correct.

COSTELLO: Unemployment can go down if someone gets a job?

ABBOTT:Correct.

COSTELLO:And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two ways to bring unemployment down, and the easier of the two is to just stop looking for work.

ABBOTT: Now you’re thinking like an economist.

COSTELLO: I don’t even know what the hell I just said!


58 posted on 12/07/2012 7:36:21 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: OCCASparky
So what happens when the total civilian workforce is down to 10 people?

The same thing that's happened in all the other socialist societies before us - A culling of the herd. The useless eaters go first.

59 posted on 12/07/2012 7:38:08 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Perdogg

What about the 180,000 jobs lost because of the shutdown of Hostess Twinkies? Didn’t Citiibank just announce laying off 10,000 people? These unemployment numbers are about as fishy as the North Korean announcement of finding unicorns.


60 posted on 12/07/2012 7:47:31 AM PST by The Great RJ
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To: ground_fog

flicked around channels to see what they were saying as the numbers came out and MSNBC was praising this number as if we were living in the greatest times America has ever had.
That blond woman was all impressed and smiling like a cheshire cat


61 posted on 12/07/2012 7:48:54 AM PST by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Ken522

Unemployment rate declined to 7.7% from 7.9%

62 posted on 12/07/2012 7:50:57 AM PST by jpsb
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To: Wyrd bið ful aræd

lets face it , we have a population which are just plain dumb for the most part.

Ever met and talked to an obama voter recently?

I swear they will go down as the dumbest voters this country has ever produced. The average Dem elderly voter has not understood how the Dem party is now the socialist party and yet when you try and explain the facts to any Dem voter they just repeat the one liners from the corrupt biased media and not fully understand what is going on in this country.

Last week I met one lady who had not heard of the attacks in Libya, fast and furious, shotting of our border agent and thought the economy was great even though she lost her job.

We want this country back then we sort this corrupt media out first


63 posted on 12/07/2012 7:53:04 AM PST by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: skeeter

are there any stickers I can put on my vehicles which say something along the lines of if you;re stupid don;t vote , or if you;re going to vote then get facts.

Anything like that to make these idiotic voters think of themselves as dopes for voting for obama.

I did see one which said OBAMA, why stupid people should not vote.


64 posted on 12/07/2012 7:55:25 AM PST by manc (Marriage =1 man + 1 woman,when they say marriage equality then they should support polygamy)
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To: Perdogg

It is easy to fix an economy when all you have to do is lie about it.

LLS


65 posted on 12/07/2012 8:07:48 AM PST by LibLieSlayer (WOLVERINES!)
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To: Diana in Wisconsin
.. . people in their mid-20’s and up, those below that are most likely only working part time and most likely with NO benefits.

But, they will still be on mommie and daddy's health care plan.

66 posted on 12/07/2012 8:25:03 AM PST by Arrowhead1952 (0 bummer inherited a worse economy in 2012 than he did in 2008.)
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To: Perdogg

Wow. This is really good news. We may owe trillions, but just think, we’re printing money 24 hours a day thanks to our super intelligent Fed Chairman Bernanke.

With an Obama administration firmly entrenched for another four years what possibly could go wrong? Congress, forever looking out for Americans, is considering a surtax even as I type this of at least 1% on our worth. That’s adding up the value of our home, cars, furniture, stocks, bonds, cash, anything of value.

We’ll have that 16 trillion dollar debt retired before those who may be here in the year 3000 (if God hasn’t stepped in to put an end to the world) which is only a few decades away.

Good news for our great-great-great grandchildren.

The world they’ll enjoy will have lots of same sex married couples, no Christmas, no God, but plenty of taxes to keep the wolf away from the door. Humans will marry whatever they want and do with their little willies and muffs whatever their little godless hearts desire.

Muslim and Sharia Law will be big then. There will never be a mention of Christianity, so Santa Claus will have been euthanized.

MERRY CHRISTMAS AND HURRY UP WITH THE REVOLUTION!


67 posted on 12/07/2012 8:26:43 AM PST by IbJensen (Liberals are like Slinkies, good for nothing, but you smile as you push them down the stairs.)
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To: SoFloFreeper

That looks like David Letterman when he goes on a sociopathic rant against Palin.


68 posted on 12/07/2012 8:45:08 AM PST by Ghost of Philip Marlowe (Prepare for survival.)
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To: Perdogg
yea...like we can believe anything this government says or states???

I trust them like I do the current thief in office...they all lie...

69 posted on 12/07/2012 9:35:25 AM PST by haircutter
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To: txrefugee
"Another 350,000 workers magically disappeared from the work force or this would have been another disastrous report."

A small bit of correction in the labor participation rate criticism:

The baby-boomers are now hitting retirement in big numbers (following the WWII babies, whose numbers were small). This has some downward effect on the participation rate, though dropping 0.2% in one month is pretty huge).

70 posted on 12/07/2012 11:12:40 AM PST by cookcounty ("For the first time in my adult life I am not proud of my country.")
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To: Perdogg

71 posted on 12/07/2012 11:52:57 AM PST by Brown Deer (Pray for 0bama. Psalm 109:8)
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To: Perdogg

I guess I just assumed they were going to stop lying in reports after election, but I was very naive!

They have no intentions whatsoever of reporting the truth at any point


72 posted on 12/07/2012 12:08:49 PM PST by Friendofgeorge (SARAH PALIN 2016 OR BUST)
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To: Perdogg

Unemployment Plunges to 3.8% for Government Workers; Government Adds 35,000 Jobs in November

http://www.freerepublic.com/focus/f-news/2966574/posts


73 posted on 12/07/2012 2:30:39 PM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: cookcounty
The baby-boomers are now hitting retirement in big numbers

Isn't that factored in, along with the college grads entering the workforce?

74 posted on 12/07/2012 4:18:59 PM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Lockbox

It should be added for anyone not familiar that 1980, Carter’s last year, was hardly a banner year - unemployment was around 7.5%, I believe.


75 posted on 12/07/2012 9:43:33 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: kabar

Is median household income tracked on a monthly basis? I do know of a couple people who found work last month, but as others have suggested, it is part time work at basement wages — much lower income than what they were laid off from...


76 posted on 12/07/2012 10:13:38 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Paul R.; kabar

Whups - answered my own question...

http://www.zerohedge.com/news/2012-12-07/job-quality-vs-quantity-number-jobs-vs-average-hourly-earnings


77 posted on 12/07/2012 10:17:02 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Paul R.; kabar; All

That said... I wonder what is happening, numerically speaking, to median EARNED household income if one were to take out the top 5% and bottom 10% of wage earners...


78 posted on 12/07/2012 10:27:06 PM PST by Paul R. (We are in a break in an Ice Age. A brief break at that...)
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To: Lockbox

And the non-seasonal numbers (usually up in November due to Christmas hiring) (aka the real numbers) showed a loss of 114,000 jobs this November. 55 and over had a gain of 177,000, while 25-54 (Obama demo) lost 359,000 jobs. Wonder how many old farts had to get second jobs (me for one) to cover all those 25-year-olds on SS Disability (morally disabled)?


79 posted on 12/07/2012 11:33:20 PM PST by bIlluminati (290 Reps, 67 Senators, 38 state legislatures - Impeach, convict, amend)
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To: Perdogg
yeah, right...

80 posted on 12/08/2012 8:11:32 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Chode

Is that Jennifer Lawrence?


81 posted on 12/08/2012 8:18:39 AM PST by Perdogg (Rep. Tom McClintock (R-CA4) for President 2016)
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To: Perdogg
yes, i think so...
82 posted on 12/08/2012 8:28:43 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Perdogg

Talk about title spin. We lost jobs overall - Not gained them. If you look at all the details in the numbers then this is apparent. These kinds of articles are just more lies from the MSM.


83 posted on 12/08/2012 2:57:56 PM PST by Revel
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To: Perdogg

Wow, next month they will add 1000 jobs and the job rate will drop to 6%!

I feel so warm and fuzzy. Now if I could just afford to buy carparts.


84 posted on 12/09/2012 5:34:59 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Perdogg

I think the new solution to the job market is the new government Soylent Green factory. They hire 350,000 workers every month. At this rate, everyone will soon be working, those who are still alive that is.


85 posted on 12/09/2012 5:37:53 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: FlingWingFlyer
I sure wish the average I.Q. of the people living in this country was just a few points higher.

Gonna take a lot more than that. Unless the goal is simply to teach them how to wipe their own arses.

86 posted on 12/09/2012 6:28:03 PM PST by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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