Unemployment improves

Discussion in 'Current Events' started by Chris, Dec 4, 2009.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney.com) -- The long-suffering U.S. jobs market improved significantly in November, as employers trimmed the fewest jobs of any month since the start of the recession, and the unemployment rate posted the biggest one-month decline in more than three years.

    U.S. payrolls slipped 11,000 jobs in the month, far below any of the job losses posted over the last 23 months. Economists surveyed by Briefing.com had forecast a loss of 125,000 jobs in November.

    The October and September job loss estimates were also revised sharply lower, trimming previous job loss estimates by 159,000 between them.

    The new reading put October job losses at 111,000 jobs, and September's loss estimate was cut to 139,000. Each of those new estimates would have been the smallest declines in more than a year.

    The unemployment rate improved to 10% in the month. Economists had forecast it would remain at the 10.2% level reached in October, which had been a 26-year high. The unemployment rate had risen in 12 of the previous 13 months before November.

    November jobs report shows big improvement - Dec. 4, 2009
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Chris

    You need to stop this crap. We are not allowed to post positive economic stories on this board. It upsets the "Economy will fail" crowd
     
  3. uscitizen
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    uscitizen Senior Member

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    That was positive? Or just a bit less negative?

    When the total number of unemployed starts dropping that will be positive.
     
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  4. Polk
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    Polk Classic

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    "Obama cooked the books."

    Just getting it in for the right wingers start saying it.
     
  5. uscitizen
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    uscitizen Senior Member

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    Cooking the books seems to be part of the job description of a politician.

    In the corporate world it is called massaging the data.
     
  6. del
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    del BANNED

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    if he was going to cook the books, he should have cooked them before unemployment exceeded 8%. that way he could credibly claim that the stimulus worked as advertised.

    too little cooking, too late.

    tant pis.
     
  7. Dr.House
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    Dr.House Lives on in syndication!

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    Um...

    Don't retail centers increase staff in Nov/Dec to cover for holiday shopping?

    Could this account for the oh so exciting drop from 10.2% to 10.0% unemployment?
     
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  8. PatekPhilippe
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    PatekPhilippe Senior Member

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    Exactly correct...anyone with half a brain knows the retail outlets and manufacturers gear up for the holiday season....but don't let the partisans like rightwinger, polk and Chris in on that fact...just let them continue to make fools out of themselves.
     
  9. DavidS
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    DavidS Anti-Tea Party Member

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    It did................

    We went from 10.3% to 10%.
     
  10. DavidS
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    DavidS Anti-Tea Party Member

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    Yes, because the retailers are expecting the worst holiday season ever and have so much money to hire staff....
     

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