Discussion in 'Politics' started by Ravi, Dec 2, 2011.
Unemployment drops to 8.6%
Jobless rate drops to 8.6 percent, hiring picks up - Yahoo! Finance
Thank you, Mr. President!
NFP Prints At 120K, Below Expectations Of 125K, Unemployment Rate Drops To 8.6% | ZeroHedge
An estimated 315,000 are no longer looking for work and therefore show up as "employed" in this report.
If anything the unemployement number is higher now.
Do you guys prefer cherry or grape?
Civilian Employment-Population Ratio at the worst levels since 1981. The only reason the unemployment rate fell is because their benefits have run out & the unemployed have given up on looking for work. This is a very bad sign for the economy & employment.
Small businesses and startups that were skittish about the economy this summer started hiring in bigger numbers this fall, helping drive the unemployment rate down to 8.6 percent in November, the lowest in two and a half years.
The country added 120,000 jobs last month, the Labor Department said Friday. The economy has generated 100,000 or more jobs five months in a row the first time that has happened since April 2006, long before the Great Recession set in.
Something good is stirring in the U.S. economy, Ian Shepherdson, an economist at High Frequency Economics, said in a note to clients.
The unemployment report, one of the most closely watched economic indicators, showed that September and October were stronger months than first estimated. For four months in a row, the government has revised job growth figures higher.
Unemployment rate falls to 8.6 percent, lowest in 2½ years, as hiring improves - The Washington Post
they grasp.. at straws.. Most media outlets are saying these numbers reflect that many Americans have given up even looking for work. That's the saddest part. and the asswipes on the left are cheering obama? how fucking predictable.
Three threads on this already and the number dropped only because for every new hire, 3 people gave up looking for work.
You call that Progress?
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