Unemployment improves

[Chris]

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

 

[rightwinger]

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

 

[uscitizen]

That was positive? Or just a bit less negative?

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

 

[Polk]

"Obama cooked the books."

Just getting it in for the right wingers start saying it.

 

[uscitizen]

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

In the corporate world it is called massaging the data.

 

[del]

"Obama cooked the books."

Just getting it in for the right wingers start saying it.

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.

 

[Dr.House]

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?

 

[PatekPhilippe]

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?

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.

 

[DavidS]

That was positive? Or just a bit less negative?

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

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

We went from 10.3% to 10%.

 

[DavidS]

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?

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.

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

 

[uscitizen]

"Obama cooked the books."

Just getting it in for the right wingers start saying it.

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.

Was Obama even president when the unemployment rate was 8%?

 

[PatekPhilippe]

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?

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.

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

Obviously you haven't a clue about the economy, Christmas Season or know how to read....all of the articles on the jobless numbers also included 100,000 who gave up looking for work altogether so they were REMOVED from the figures.....so please continue to tout The Barry's magnificent plan that's taking the country down the toilet....please...be my guest.

 

[PLYMCO_PILGRIM]

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

Chris how is dropping 98,000 jobs last month an improvement....more unemployed people is a good sign? Employment Situation Summary

It is a good sign that the rate dropped .2% last month back down to 10% unemployment. However some of that is due to a lot of people finally losing their extended unemployment benefits too.

Get back to me when we CREATE Jobs some month and i'll be right there with you celebrating a turn for the better.

Maybe next month will be the first month we have some JOB GROWTH. When we do actually have job growth we can celebrate.

 

[PLYMCO_PILGRIM]

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

before you put your foot further in your mouth look at the numbers Employment Situation Summary

 

[pinqy]

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?

No, it couldn't. Because economists aren't stupid. The official rate is seasonally adjusted...meaning all regular predictible changes in employment and unemployment, such as increased hiring in June, late November etc are filtered out.

 

[PLYMCO_PILGRIM]

That was positive? Or just a bit less negative?

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

Exactly what I was just saying.

It was less negative than expected but no overall job growth.

 

[PLYMCO_PILGRIM]

That was positive? Or just a bit less negative?

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

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

We went from 10.3% to 10%.

Again that is the unemployment RATE not the number of unemployed. The total number of unemployed went up ~90,000 which is less than expected but still negative (see my link to the bls.gov website above)

 

[Big Black Dog]

Don't know where the unemployment rate is improving... It isn't improving here in northwestern Illinois. However, if you listen to the Obama crowd, everything is coming up roses.

 

[Maple]

That was positive? Or just a bit less negative?

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

I think that it was a little less negative. I would bet my bottom dollar that these temporary positions were retailers gearing up for the Christmas season. I saw a Wreath maker out of Maine bragging that he had to hire 250 people to make Christmas Wreaths, come January those jobs are gone.

 

[PatekPhilippe]

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?

No, it couldn't. Because economists aren't stupid. The official rate is seasonally adjusted...meaning all regular predictible changes in employment and unemployment, such as increased hiring in June, late November etc are filtered out.

and what about the 100,000 o so who gave up on looking for work? They were REMOVED from the figures.