More economic good news, unemployment rate drops to 8.6%

Discussion in 'Politics' started by rightwinger, Dec 2, 2011.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Unemployment rate falls to 8.6% in November


    (AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

    The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
    Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
    Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
    Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
     
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    Last edited: Dec 2, 2011
  2. NoNukes
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    NoNukes Gold Member

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    They will find a reason why this is not good.
     
  3. WillowTree
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    WillowTree Diamond Member

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    Sure it's good. Too bad though that the Christmas season won't last much past January..
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    But...but......315,000 gave up seeking employment
     
  5. Matthew
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    Matthew Blue dog all the way!

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    This is great news. Congrats ,Barack Obama. If he can get us the rest of the way out of the middle east and this can keep improving...It will be very hard to unseat Obama in 2012.
     
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    Last edited: Dec 2, 2011
  6. Katzndogz
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    Katzndogz Diamond Member

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    It happens every year. You would think the libs would get it by now.
     
  7. Matthew
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    Matthew Blue dog all the way!

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    Maybe .1%, but .4%+ percent? Doubt it. We're recovering. If he can bring it below 8 percent by election day he will win in a landslide.
     
  8. 8537
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    8537 Senior Member

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    The figures are seasonally adjusted to account for that hiring.
     
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  9. DiamondDave
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    DiamondDave Army Vet

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    Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
     
  10. DiamondDave
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    DiamondDave Army Vet

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    And you are absolutely correct.... that is a huge reason not to look at this as some massive improvement... let alone when the numbers get 'revised' again after the fact... and the season we are in...

    IMHO, more of the same rut we are in because of leftist rule
     

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