Skip to comments.146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7%
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 ...
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!!!!”
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?
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.
1980? I guess that Obama really is a return Jimmy Carter.
So what happens when the total civilian workforce is down to 10 people?
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.
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?
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.
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?
COSTELLO:And unemployment can also go down if you stop looking for a job?
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!
The same thing that's happened in all the other socialist societies before us - A culling of the herd. The useless eaters go first.
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.
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
Unemployment rate declined to 7.7% from 7.9%
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
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.
It is easy to fix an economy when all you have to do is lie about it.
But, they will still be on mommie and daddy's health care plan.
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!
That looks like David Letterman when he goes on a sociopathic rant against Palin.
I trust them like I do the current thief in office...they all lie...
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).
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
Unemployment Plunges to 3.8% for Government Workers; Government Adds 35,000 Jobs in November
Isn't that factored in, along with the college grads entering the workforce?
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.
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...
Whups - answered my own question...
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...
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)?
Is that Jennifer Lawrence?
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.
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.
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.
Gonna take a lot more than that. Unless the goal is simply to teach them how to wipe their own arses.