November Jobs Report: Hiring Up, Unemployment Rate Falls -- Despite Sandy

Aug 7, 2012
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(12/7/12) "November Jobs Report: Hiring Up, Unemployment Rate Falls -- Despite Sandy" (AP)

WASHINGTON -- The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

The Labor Department's report Friday offered a mixed picture of the economy. Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than it initially estimated

Stock futures jumped after the report. Dow Jones industrial average futures were down 20 points in the minutes before the report came out at 8:30 a.m., and just afterward were up 70 points. As money shifted into stocks, it moved out of safer bonds. The yield on the benchmark 10-year U.S. Treasury note, which moves opposite the price, rose to 1.63 percent from 1.58 percent just before the report was released.

President Obama must be doing something right. :eusa_clap:
usflag.gif
thumbsup.gif
 
73% of New Jobs Created in Last 5 Months Are in Government

73% of New Jobs Created in Last 5 Months Are in Government | CNS News


Shaking off the effects of Hurricane Sandy and the looming fiscal impasse in Washington, the economy created 146,000 jobs in November, well above the level economists had been expecting.


But the drop came largely from a decline in the number of people seeking work and counted as officially unemployed



In Friday’s announcement, the Bureau of Labor Statistics said the storm did “not substantively impact the national employment and unemployment estimates for November.”



http://www.nytimes.com/2012/12/08/b...obs-as-unemployment-rate-falls-to-7-7.html?hp
 
Last edited:
(12/7/12) "November Jobs Report: Hiring Up, Unemployment Rate Falls -- Despite Sandy" (AP)

WASHINGTON -- The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

The Labor Department's report Friday offered a mixed picture of the economy. Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than it initially estimated

Stock futures jumped after the report. Dow Jones industrial average futures were down 20 points in the minutes before the report came out at 8:30 a.m., and just afterward were up 70 points. As money shifted into stocks, it moved out of safer bonds. The yield on the benchmark 10-year U.S. Treasury note, which moves opposite the price, rose to 1.63 percent from 1.58 percent just before the report was released.

President Obama must be doing something right. :eusa_clap:
usflag.gif
thumbsup.gif
Here! You forgot this part!

73% of New Jobs Created in Last 5 Months Are in Government | CNS News

By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equals 73.3 percent of the 847,000 new jobs created overall

************************

And that's just the Federal government. There are likely some additions to state and local governments also.
 
How many threads are you retards going to post on this fiction?

BLS - "The civilian labor force participation rate declined by 0.2 percentage point to 63.6 percent
in November"

Previous 2 months numbers were revised down. We lost ground on employment. The employment to population went down!

fredgraph.png
 
73% of New Jobs Created in Last 5 Months Are in Government

73% of New Jobs Created in Last 5 Months Are in Government | CNS News


Shaking off the effects of Hurricane Sandy and the looming fiscal impasse in Washington, the economy created 146,000 jobs in November, well above the level economists had been expecting.


But the drop came largely from a decline in the number of people seeking work and counted as officially unemployed



In Friday’s announcement, the Bureau of Labor Statistics said the storm did “not substantively impact the national employment and unemployment estimates for November.”



http://www.nytimes.com/2012/12/08/b...obs-as-unemployment-rate-falls-to-7-7.html?hp
You beat me by THAT much!
 
(12/7/12) "November Jobs Report: Hiring Up, Unemployment Rate Falls -- Despite Sandy" (AP)

WASHINGTON -- The U.S. economy added 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures.

The Labor Department's report Friday offered a mixed picture of the economy. Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than it initially estimated

Stock futures jumped after the report. Dow Jones industrial average futures were down 20 points in the minutes before the report came out at 8:30 a.m., and just afterward were up 70 points. As money shifted into stocks, it moved out of safer bonds. The yield on the benchmark 10-year U.S. Treasury note, which moves opposite the price, rose to 1.63 percent from 1.58 percent just before the report was released.

President Obama must be doing something right. :eusa_clap:
usflag.gif
thumbsup.gif
Here! You forgot this part!

73% of New Jobs Created in Last 5 Months Are in Government | CNS News

By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equals 73.3 percent of the 847,000 new jobs created overall

************************

And that's just the Federal government. There are likely some additions to state and local governments also.

:clap2:

Cool.

Finally.
 
Thank you Mr President.

-- and, ignore the nutter rw's who want our country to fail.

They lost because most of American wants our country to dig out of the Bush recession and prosper.
 

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