Unemployment rate drops to 8.5%

Discussion in 'Economy' started by Chris, Jan 6, 2012.

  1. Chris
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    Chris Gold Member

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    NEW YORK (CNNMoney) -- American employers stepped up their hiring in December, bringing the unemployment rate down again.

    The economy added 200,000 jobs in the month, the Labor Department reported Friday, closing out the year with 1.6 million jobs gained in 2011.

    Meanwhile, the unemployment rate fell to 8.5%, the lowest level since February 2009.

    December jobs report: Hiring up, unemployment rate at 8.5% - Jan. 6, 2012
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    The beauty of gridlock. Keeping the politicians out of our wallets.
     
  3. ScienceRocks
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    ScienceRocks Blue dog all the way!

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    It is always good to see some progress!
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Had a thread predicting there was going to be some robust hiring. There's been no real increase on corporate taxes, low regulations and record profits. The Bush tax cuts are expiring.

    The whole idea of low tax, low regulation dogma..has failed. This may be window dressing to extend the cuts.

    However, some corporate genius just came up with the epiphany that over the long term..shipping manufacturing overseas..is more expensive..over the long term.

    :lol:
     
  5. Chris
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    Chris Gold Member

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    The stimulus worked.
     
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  6. Chris
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    Chris Gold Member

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    That's awesome.

    Also wages are going up in China, making the U.S. more competitive.

    If we had national health insurance, we would be even more competitive.
     
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  7. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Course it did. It lined the pockets of Obama contributers just like it was supposed to.

    Shame it didnt help the economy.
     
  8. Warrior102
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    Warrior102 Gold Member

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    Wow !!! 8.5%!!!
    That's back down to Jimmy Carter levels.
    Well done Barry Sotero, or whatever the fuck your name is....
     
  9. naturegirl
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    naturegirl Gold Member

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    Woooo Hooooo, the Republicans are creating jobs. You know, those that were elected in 2010 to do just that. In spite if King 0bama, Prince Reid and Princess Pelosi. WTG, guys keep up the good work. You've stood your ground and Americans that can hire workers are seeing it.

    A little over a year and they are doing what 0bama and his cronies couldn't do in three!!
     
  10. Conservative
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    Conservative Type 40

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    So, we are still 5.8 million jobs down... congrats.
     

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