More economic good news, unemployment rate drops to 8.6%

[CrusaderFrank]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.
Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Yeah unemployment benefits for 350K Americans just got cut off and our pos President takes credit for it.

No, that's not right. That didn't happen at all.

They stopped looking for work...that's different

 

[The T]

I don't even know why the **** I'm being attacked...

God forbid capitalism and got forbid the government is lying to you about the GDP....

The ******* CBO lies, the unemployment formula is flawed but the GDP is accurate???

If I had a bridge to sell I'm sure I could sell it to those who want to believe..

Our own government is trying to sell us a bridge that is severly damaged...ask Obama...

 

[Oldstyle]

They will find a reason why this is not good.

300,000 people GAVE UP LOOKING FOR WORK? But you think I have to "find" a reason to point out why these numbers are not good?

 

[JoeB131]

Unemployment rate falls to 8.6% in November


(AP) Washington (AP) —The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6% last month, from 9% in October. The rate hasn't been that low since March 2009, during the depths of the recession.
Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added — the fourth straight month the government revised prior months higher.
Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The bolded part should be worrisome. People are giving up.

Also, about 68,000 of those new jobs are retail and hospitality for the holidays. They will be eliminated in January.

It's like that jump in May, 2010. Wow. 460,000! Except 400,000 of them were temporary Census workers.

 

[PLYMCO_PILGRIM]

Actually we did.

Infrastructure spending is needed.

I loved when Obama made a speech in front of the crumbling bridge between Kentucky and Ohio.

Why is this bridge crumbling Senator Boehner and Senator McConnell?

Oh...because you blocked an infrastructure jobs bill that would have repaired it!

Well we DIDN'T get the jobs bill yet unemployment went down more than it has since 2009.........you do comprehend the point they are making through the corrolation of unemployment and a lack of govt action don't you?

I do. Government action stopped financials and banks from failing. The stimulus staggered the collapse in employment. So the private sector was allowed to recover and may be expanding. Alot of sectors are seeing record profits. Maybe they are starting to invest again.

All because of government action.

They weren't investing during the stimulus spending and bank bailouts...now that is all over and they are starting to invest....coorolation of coincidence.....according to the post i just quoted you are of the coorolation variety here.

Government action made the crash not as deep and the recovery take twice as long. The stimulus staggered the rate of recovery and kept unemployment higher in the long run than it would be without it. Now that the stimulus has run out and the reps have shown a willingness to stop the dems regardless of the negative political fallout the private sector feels more confident and is starting to expand a bit again.

All because of republicans causing govt inaction.




Just saying I can spin it too if I WANT to spin like you are

 

[PLYMCO_PILGRIM]

The numbers are seasonally adjusted you idiot.

Read the article man.........the numbers include hiring by retailers and restaurants (which is holiday hiring)

And they are seasonally adjusted.

They include retail hiring.......retail is the biggest seasonal job market....how can you justify saying htey are seasonally adjusted when the largest seasonal job market was included in the numbers?

 

[PLYMCO_PILGRIM]

22 pages and i'm sure it will go to 100 with the partisan hackery.

Listen:

to those who like obama and support him;

Yes the unemployment rate is down .4%. yes that is a great thing. yes it is positive for obama.

However, less new jobs were created than total people who stopped looking for work, they did figure in retail hiring numbers which christmas hiring affects, and its just one month so we need this to be a trend that lasts into the spring for it to be really good for obama

Instead of celebrating this as good for Obama why don't you be happy for your fellow americans instead.

To those who dislike obama and don't support him;

The unemployment rate IS down .4% regardless of any quantifiers. This does look good for obama, get over it.

Intelligent people who pay attention understand how insignifigant this truly is in light of factors such as retail hiring being included, people no longer being able to collect so no longer being considered unemployed, and the fact that it is still way above the projected 8% with the stimulus and still way higher than the average under any of the last several presidents. People get it.

Instead of looking for every little thing to show how this isn't good for obama why don't you be happy for your fellow americans instead.



I know, I know...i'm just spitting in the wind with this post but someone had to say it.

Thank you.

This still holds true after 24 hours of whatever in this thread

 

[LoneLaugher]

22 pages and i'm sure it will go to 100 with the partisan hackery.

Listen:

to those who like obama and support him;

Yes the unemployment rate is down .4%. yes that is a great thing. yes it is positive for obama.

However, less new jobs were created than total people who stopped looking for work, they did figure in retail hiring numbers which christmas hiring affects, and its just one month so we need this to be a trend that lasts into the spring for it to be really good for obama

Instead of celebrating this as good for Obama why don't you be happy for your fellow americans instead.

To those who dislike obama and don't support him;

The unemployment rate IS down .4% regardless of any quantifiers. This does look good for obama, get over it.

Intelligent people who pay attention understand how insignifigant this truly is in light of factors such as retail hiring being included, people no longer being able to collect so no longer being considered unemployed, and the fact that it is still way above the projected 8% with the stimulus and still way higher than the average under any of the last several presidents. People get it.

Instead of looking for every little thing to show how this isn't good for obama why don't you be happy for your fellow americans instead.



I know, I know...i'm just spitting in the wind with this post but someone had to say it.

Thank you.

This still holds true after 24 hours of whatever in this thread

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

That claim that liberals here think in terms of what benefits Obama before they consider what benefits the nation is unsubstantiated.

My claim that many nutters here think in terms of what is bad for Obama before they consider what is good for the nation is fully supported by the content of posts presented on these forums.

The two are NOT THE SAME. When it comes to putting party politics ahead of country....the right owns the day.

 

[Cowman]

They will find a reason why this is not good.

Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.

And yet your side can't stop ******* shouting "Get a job" to everybody with a dissenting view. It's that easy to get a job, right?

 

[naturegirl]

So 14 pages of pure drivel, part time seasonal help is good. Well......until the holidays are over. Retail and restaurants hire extra folks this time of year, then lay them off. Problem is they won't work long enough to be eligible or UE benefits when they get laid off.

Numbers can be manipulated to make something look better than it is, like the Clinton surplus. That extension to 99 weeks worked out to be just about the right timing for the Campaigner-in-Chief. When their 99 weeks are up and they still don't have a job, UE numbers will continue to fall. Yes, he's a smart man, he certainly knows how to manipulate those beneath him a/k/a the American public.

 

[PLYMCO_PILGRIM]

22 pages and i'm sure it will go to 100 with the partisan hackery.

Listen:

to those who like obama and support him;

Yes the unemployment rate is down .4%. yes that is a great thing. yes it is positive for obama.

However, less new jobs were created than total people who stopped looking for work, they did figure in retail hiring numbers which christmas hiring affects, and its just one month so we need this to be a trend that lasts into the spring for it to be really good for obama

Instead of celebrating this as good for Obama why don't you be happy for your fellow americans instead.

To those who dislike obama and don't support him;

The unemployment rate IS down .4% regardless of any quantifiers. This does look good for obama, get over it.

Intelligent people who pay attention understand how insignifigant this truly is in light of factors such as retail hiring being included, people no longer being able to collect so no longer being considered unemployed, and the fact that it is still way above the projected 8% with the stimulus and still way higher than the average under any of the last several presidents. People get it.

Instead of looking for every little thing to show how this isn't good for obama why don't you be happy for your fellow americans instead.


I know, I know...i'm just spitting in the wind with this post but someone had to say it.

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

That claim that liberals here think in terms of what benefits Obama before they consider what benefits the nation is unsubstantiated.

My claim that many nutters here think in terms of what is bad for Obama before they consider what is good for the nation is fully supported by the content of posts presented on these forums.

The two are NOT THE SAME. When it comes to putting party politics ahead of country....the right owns the day.

Stop being a partisan about it....I can't believe you consider my post an attempt to minimize the tendancy of BOTH sides of politics to put what is good/bad for Obama in way to high a place of importance instead of concentrating on what is good for americans.

 

[Oldstyle]

Thank you.

This still holds true after 24 hours of whatever in this thread

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

That claim that liberals here think in terms of what benefits Obama before they consider what benefits the nation is unsubstantiated.

My claim that many nutters here think in terms of what is bad for Obama before they consider what is good for the nation is fully supported by the content of posts presented on these forums.

The two are NOT THE SAME. When it comes to putting party politics ahead of country....the right owns the day.

Would you care to take a stab at explaining why the Obama Administration just delayed a decision to build an oil pipeline across the US from the Canadian border to the Gulf coast until 2013 AFTER the election? This is the same President who says he can't "wait" for Congress to act...yet in a move to placate his environmentalist base he's willing to wait a year on a project that would both make us less dependent on oil from the Middle East or Hugo Chavez and would also created tens of thousands of high paying jobs for the employment sector that is hurting the worst.

 

[PLYMCO_PILGRIM]

This still holds true after 24 hours of whatever in this thread

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

That claim that liberals here think in terms of what benefits Obama before they consider what benefits the nation is unsubstantiated.

My claim that many nutters here think in terms of what is bad for Obama before they consider what is good for the nation is fully supported by the content of posts presented on these forums.

The two are NOT THE SAME. When it comes to putting party politics ahead of country....the right owns the day.

Would you care to take a stab at explaining why the Obama Administration just delayed a decision to build an oil pipeline across the US from the Canadian border to the Gulf coast until 2013 AFTER the election? This is the same President who says he can't "wait" for Congress to act...yet in a move to placate his environmentalist base he's willing to wait a year on a project that would both make us less dependent on oil from the Middle East or Hugo Chavez and would also created tens of thousands of high paying jobs for the employment sector that is hurting the worst.

Because Obama has been putting his re-election ahead of the country for almost the past year now....which is a big part of why I want him out, he seems to put his political prospects first instead of the country's needs.

The "jobs" bill or 2nd stimulus depending on what party you are in, the debt committe, doing health care before jobs, crony capitalism bailouts for his supporters, playing favorites with people like Solyndra, operation fast and furious........should i continue?

 

[Trajan]

yes and we are not addressing a 20 year window, are we?



I'd rate it a 5. If you have a point to "fashion", we could save some time if you'd just state it instead.

no, I needed to ask some questions first, sorry. so, it would take approx. 8-10 years ( with no boom and mild or bad recession as in the normal cyclical bus/economic swings) to get to 5%. Thats , well ridiculous.

You rate the report as a 5. Ok. well now you know why there is so much acrimony over the reports like this. first its counter intuitive as it is expressed, we know people have dropped out of the work force, the LPR is lower etc etc. yet a jobs report that barely clears a barrier for new entrant growth on top of the huge mass of folks not even counted, and the number goes down and some folks are irate, they feel like they are being played.

I rate any report above 200k and below 400k right now as a 3. Its been over 2 years.

So, after all that rambling you think this jobs report is a 1 or 2 on a scale of 1 to 10? You must have felt the jobs reports for the first three and last one year of the Bush administration were all 1's. Right?

amiright?

Somehow I'm sure I'm not right.

you could have asked me before. Its all relative; in an environment with 6% unemployment, with a million people out of work, 175k jobs isn't so bad, I would rate that as perhaps a 6, in an environment with 7% unemployment, 3 million people out of work and 200k jobs I would rate that as a 5....see how that works?

and no I was answering the oft asked questions and statements as to why people still take issue with a 'positive' report of jobs growth in this range, in an environment with what 7-10 million folks needing work?

 

[The T]

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

That claim that liberals here think in terms of what benefits Obama before they consider what benefits the nation is unsubstantiated.

My claim that many nutters here think in terms of what is bad for Obama before they consider what is good for the nation is fully supported by the content of posts presented on these forums.

The two are NOT THE SAME. When it comes to putting party politics ahead of country....the right owns the day.

Would you care to take a stab at explaining why the Obama Administration just delayed a decision to build an oil pipeline across the US from the Canadian border to the Gulf coast until 2013 AFTER the election? This is the same President who says he can't "wait" for Congress to act...yet in a move to placate his environmentalist base he's willing to wait a year on a project that would both make us less dependent on oil from the Middle East or Hugo Chavez and would also created tens of thousands of high paying jobs for the employment sector that is hurting the worst.

Because Obama has been putting his re-election ahead of the country for almost the past year now....which is a big part of why I want him out, he seems to put his political prospects first instead of the country's needs.

The "jobs" bill or 2nd stimulus depending on what party you are in, the debt committe, doing health care before jobs, crony capitalism bailouts for his supporters, playing favorites with people like Solyndra, operation fast and furious........should i continue?

Unfortunately? Obama hasn't stopped campaigning against this Republic since he announced as a US Senator. Only the degree of campaigning varies based upon events.

 

[Oldstyle]

I'd like one of Obama's supporters to explain to me why the decision on this project has been pushed back a year from now...a date which just happens to be after the 2012 elections. Why the delay since creating "jobs" are supposedly this President's number one priority?

 

[Full-Auto]

Would you care to take a stab at explaining why the Obama Administration just delayed a decision to build an oil pipeline across the US from the Canadian border to the Gulf coast until 2013 AFTER the election? This is the same President who says he can't "wait" for Congress to act...yet in a move to placate his environmentalist base he's willing to wait a year on a project that would both make us less dependent on oil from the Middle East or Hugo Chavez and would also created tens of thousands of high paying jobs for the employment sector that is hurting the worst.

Because Obama has been putting his re-election ahead of the country for almost the past year now....which is a big part of why I want him out, he seems to put his political prospects first instead of the country's needs.

The "jobs" bill or 2nd stimulus depending on what party you are in, the debt committe, doing health care before jobs, crony capitalism bailouts for his supporters, playing favorites with people like Solyndra, operation fast and furious........should i continue?

Unfortunately? Obama hasn't stopped campaigning against this Republic since he announced as a US Senator. Only the degree of campaigning varies based upon events.

Perpetual Campaigner/Complainer.

 

[bigrebnc1775]

Because Obama has been putting his re-election ahead of the country for almost the past year now....which is a big part of why I want him out, he seems to put his political prospects first instead of the country's needs.

The "jobs" bill or 2nd stimulus depending on what party you are in, the debt committe, doing health care before jobs, crony capitalism bailouts for his supporters, playing favorites with people like Solyndra, operation fast and furious........should i continue?

Unfortunately? Obama hasn't stopped campaigning against this Republic since he announced as a US Senator. Only the degree of campaigning varies based upon events.

Perpetual Campaigner/Complainer.

He can't help it, because it's the community organizer in him

 

[PLYMCO_PILGRIM]

I'd like one of Obama's supporters to explain to me why the decision on this project has been pushed back a year from now...a date which just happens to be after the 2012 elections. Why the delay since creating "jobs" are supposedly this President's number one priority?

Yup the pipeline would create 10's of thousands of jobs.

He could also END the morotorium on drilling in the gulf and bring back those good paying jobs. Why hasn't he?


Why did he push for health care reform before pushing for fixing the economy and creating an environment friendly to job growth?


Lots of very pointed questions as to why he is failing americans right now.


At least the seals found and killed bin-laden under his watch but I really don't think that is big enough to overshadow his failures on the economy due to bad decisions such as those above.

 

[Listening]

ANOTHER attempt to minimize the unAmerican position that those on the right have taken by pretending that those on the left are "just as guilty".

I see, those postions that are in support of the Constitution are unamerican ?

You are right, the left is certianly not guilty of following or supporting the Constitution.