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US economy adds 146K
jobs, rate falls to 7.7 pct.

Associated Press, by Staff

Original Article

Posted By:JoniTx, 12/7/2012 8:55:06 AM

WASHINGTON — The U.S. economy added a solid 146,000 jobs in November and the unemployment rate fell to 7.7 percent, the lowest since December 2008. The government said Superstorm Sandy had only a minimal effect on the figures. The Labor Department report offered a mixed picture for the economy. Hiring remained steady during the storm and in the face of looming tax increases. But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and

      


Post Reply  

Reply 1 - Posted by: revdeppisch316, 12/7/2012 8:59:46 AM     (No. 9053278)

HUH?????? Yesterday 8.3%?????????

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Reply 2 - Posted by: thelmalou, 12/7/2012 9:04:03 AM     (No. 9053285)

Uh, yeah, my thoughts exactly, #1. What the heck?


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Reply 3 - Posted by: youngtexan, 12/7/2012 9:05:31 AM     (No. 9053289)

I don´t believe this. It´s 8.3 pct.

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Reply 4 - Posted by: sal, 12/7/2012 9:11:04 AM     (No. 9053300)

Until the end of the Christmas holiday shopping/return season..... then, whammo! Back into the cellar in time for New Year´s.

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Reply 5 - Posted by: TrueBlueWfan, 12/7/2012 9:17:57 AM     (No. 9053314)

The headline on Drudge says 540,000 dropped out of the work force - that is why. Gee, if everyone just stopped looking, maybe it would go down to 0%. Barry could be a hero and everyone would be on welfare. No one would care about who pays the bills.

Anarchy anyone?

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Reply 6 - Posted by: LAW428, 12/7/2012 9:20:36 AM     (No. 9053319)

The AP is another propaganda arm of the newly revised 21st Century Obama "Bolsheviks."

Hold onto your behinds, this is going to be a rough ride. Question everything that is emitted from the WH and the national press.

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Reply 7 - Posted by: Kitty Myers, 12/7/2012 9:21:53 AM     (No. 9053321)

The U-6 (un/underemployment rate) for November was 14.4%.

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Reply 8 - Posted by: bkt23, 12/7/2012 9:23:44 AM     (No. 9053325)

What they fail to mention is 540,000 dropped from the labor force and are not counted among the unemployed. Hence the "improvement". It´s a lie. Don´t look for the truth in the AP or any other mainstream news source, though.

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Reply 9 - Posted by: jgalt, 12/7/2012 9:25:53 AM     (No. 9053331)

That infestation in our White House - obama -a naional plague of historical proportions seems to have figured out this unemployment problem: Just do all you can to make the economy TANK and soon enough, when you discourage EVERYONE out of the job market, you will have 0% unemployment !!!
The plan is working marvelously.

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Reply 10 - Posted by: Sfacheem, 12/7/2012 9:29:51 AM     (No. 9053336)

A "solid 146,000 jobs"???

We need to add a minimum of 250,000 every month just to keep up with the number of new entrants into the job market.

How do the "journalists" that write this crap keep their jobs?

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Reply 11 - Posted by: NorthernDog, 12/7/2012 9:32:38 AM     (No. 9053341)

Using Obamamath - the fewer people who are working results in an ever-lower unemployment rate. I guess when everyone is sitting at home collecting handouts the unemployment rate will be Zero.

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Reply 12 - Posted by: Blue-Z-Anna, 12/7/2012 9:33:32 AM     (No. 9053342)

Orwell appears to have been an optimist.

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Reply 13 - Posted by: lylacat, 12/7/2012 9:39:18 AM     (No. 9053354)

Does anyone seriously believe this low number? I have never known so many friends to be out of work and with no hope of finding a well paying job.

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Reply 14 - Posted by: adguy47, 12/7/2012 9:40:12 AM     (No. 9053356)

All those jobs were at Burger King.

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Reply 15 - Posted by: msjena, 12/7/2012 9:42:27 AM     (No. 9053359)

Temporary jobs, for the holiday shopping season. It proves that we can get more money directly into the economy, the jobless rate will fall. Instead, Obama wants to take more money out of the economy, through higher taxes.

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Reply 16 - Posted by: jimmiet, 12/7/2012 9:48:58 AM     (No. 9053382)

Real headline: 146K people find work, 540K are smoking dope and are really not interested in working.

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Reply 17 - Posted by: lil dotty, 12/7/2012 9:54:37 AM     (No. 9053396)

Some one is blowing bubbles again. Whose leg are they trying to pull this time? Please, no more

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Reply 18 - Posted by: STLstudent, 12/7/2012 10:04:22 AM     (No. 9053423)

The constitutional republic known as the U.S.A. is gone. Everything coming out of Washington, D.C. is a deception. How will you respond to the fact that our republic is gone? Will you roll-over? Millions of illegal immigrants are here and coming in the future. The federal government is lawless.

What will you do?

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Reply 19 - Posted by: Pearson365, 12/7/2012 10:10:58 AM     (No. 9053441)

The AP would describe quicksand as "solid" if it helped Obama. Hotair.com provides reality-

The unemployment rate edged down to 7.7 percent in November. The number of unemployed persons, at 12.0 million, changed little. (See table A-1.)


The U-6 figure also dropped by two-tenths of a point to 14.4%, its lowest level all year. However, the seasonally-adjusted labor force dropped by 350,000, and the civilian labor force participation rate also dropped two-tenths of a point to 63.6%, almost at the 31-year low hit in August. The employment-population ratio dropped by one-tenth of a percent to 58.7%.

In other words, America isn’t going back to work. Americans are still dropping out of the work force.


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Reply 20 - Posted by: Cor-vet, 12/7/2012 10:26:31 AM     (No. 9053489)

This calls for a ´twinkie´ and a cup of coffee!

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Reply 21 - Posted by: Philipsonh, 12/7/2012 10:27:30 AM     (No. 9053495)

I see various comments indicating people are confused about the Government jobs numbers. One point is that they adjusted the figures for the prior two months. And as noted on other websites, the government figures for the number of people that " dropped out of the work force ", that is, stopped looking for work, escalated greatly. Added all together, the "Rate" drops, but the total number of people either unemployed or not looking to be employed increases. The percentage of people working in the USA vs the total population of people that could be working is extremely low, probably at a record low, but the HEADLINE posted by MSM supporters of the Administration make it look good, when in fact, it is NOT. It is terrible. Bottom line, never has such a low % of the "able to work" population been actually working. The Government Unemployment rate is a red-herring, a ruse.

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Reply 22 - Posted by: oh-heck, 12/7/2012 10:45:17 AM     (No. 9053531)

Just changing the labor force looking for jobs wasn´t enough. Wall Street reports they went back and revised Sept jobs down from 148,000 to 132,000 and Oct jobs down from 171,000 to 138,000. Voila, those 49,000 jobs get moved to Nov and we get unexpected job growth. Then you reduce participation and, Eureka, unemployment falls! Its an error in judgement to believe anything out of this White House.

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Reply 23 - Posted by: sgtfox of the jarhead clan, 12/7/2012 10:53:49 AM     (No. 9053556)

Surprise...what happens EVERY year right after the Christmas rush is over ? These 146,000 "SOLID" new jobs are just temporary sales people on the registers at Walmart. Duh. Layoffs will follow of course, with months or years of new unemployment benefits.

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Reply 24 - Posted by: Country Boy, 12/7/2012 11:07:09 AM     (No. 9053591)

This is the most ridiculous piece of fiction from the Dept of Commerce (reports to obama) yet. Nobody even went to work in the NYC area for almost 2 weeks. Power was out.

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Reply 25 - Posted by: previouslyon24, 12/7/2012 11:39:57 AM     (No. 9053656)

FTA: "And the unemployment rate fell to a four-year low in November from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed."
So AP knows what happened.

Yet, the headline reads: "US economy adds 146K jobs, rate falls to 7.7 %." Guess which point makes it into the heads of Obama and his minions, by design.

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Reply 26 - Posted by: A Balrog of Morgoth, 12/7/2012 5:04:03 PM     (No. 9054231)

#8, I know we don´t always read the articles, but we ought to be able to read the excerpt. See the last sentence-the AP notes the prople who quit looking.

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