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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Benny B on December 07, 2012, 12:04:39 PM
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Job numbers far exceed expectations, unemployment drops
By Steve Benen
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Fri Dec 7, 2012 8:44 AM EST
(http://m.static.newsvine.com/servista/imagesizer?file=steve-benenEC9244B3-B072-1B71-A2F2-C40B4D7037D5.jpg&width=600)
Just last night, Ezra explained on the show that the new monthly job figures would be released this morning, and a lot of folks would be shocked by how bad the numbers would be. Why? Because of Hurricane Sandy. Most expected to see only 80,000 jobs created.
This morning, everyone's shocked for a very different reason. The Bureau of Labor Statistics reports that the U.S. economy added 146,000 jobs in November, nearly double the projections. What's more, the overall unemployment rate dropped to 7.7%, its lowest point in four years.
On a more discouraging note, job totals from September and October were revised down a bit.
To be sure, 146,000 jobs isn't evidence of a robust economic recovery, but given Sandy-generated expectations, the figures come as a pleasant surprise.
Above you'll find the chart I run on the first Friday of every month, showing monthly job losses since the start of the Great Recession. The image makes a distinction -- red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.
Update: Here's another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession.
(http://m.static.newsvine.com/servista/imagesizer?file=steve-benenC0D88A9C-FDFB-F3B4-1CEF-4C9E926172FA.jpg&width=600)
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:D
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What percentage of these jobs is seasonal (holiday hiring)?
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:D
:D
(http://www.getbig.com/boards/index.php?action=dlattach;topic=410593.0;attach=453555;image)
When are you going to get a job? You spam the board" with 99,000+ posts of utter bullshit, from your SHITTY apartment in ghetto-ass neighborhood in the Bronx you can't afford to move out of. lol ::)
(http://4.bp.blogspot.com/-IkiIAtE-_qs/TfoMFpn7IxI/AAAAAAAAAVw/GuWCYOkbyeY/s1600/loser.jpg)
(http://cdn.memegenerator.net/instances/250x250/25550369.jpg)
;)
(http://i.i.com.com/cnwk.1d/i/tim/2012/11/06/OBAMAWINSANNOUNCEMENTG_480x360.jpg)
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM! ;D
(http://liberalbias.com/images/content/final-2012-electoral-map.png)
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Yea minimum wage jobs increased no one can make it on that.
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Why does Obama get credit for Sandy creating jobs? Oh that's right he killed Osama Bin Laden too ::)
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Unemployment drops because people have hit their limit with unemployment checks. They just stop looking for work. They drop off the unemployment numbers that by the way the Obama's administration provide. It's also seasonal employment in department stores.
47% of the Country didn't vote for him.
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lol where's 333386, his rage is entertaining but sad :'(
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(http://nationalpostnews.files.wordpress.com/2012/10/mongolia-removes-lenin-statue05.jpg?w=940)
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Typical Benny B delusion. Your own post says that the 7.7% unemployment rate is the lowest in four years. Coincidently, who was the president for the last four years, Benny? 7.7% is nothing to crow about. You have a child's understanding of politics and economics. We get it, you like Obama. You can stop embarrassing yourself with these posts now.
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(http://images.wikia.com/wikiality/images/3/3f/Barack-obama-superman-byron-furgol.jpg)
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Yea minimum wage jobs increased no one can make it on that.
its possible , the catch is you cant own a car and have to room with someone. i guess thats called compartmentalization
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its possible , the catch is you cant own a car and have to room with someone. i guess thats called compartmentalization
Correct, my dad said this before he died that one day that everyone meaning family may have to move in together due to a bad economy may come true.
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Yea minimum wage jobs increased no one can make it on that.
Yep all the kids are working the malls for the holidays.
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Repube is a funny word