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Job growth disappoints in November, with
a gain of just 210,000, despite high hopes

Original Article

Posted By: NorthernDog, 12/3/2021 9:04:35 AM

The U.S. economy created far fewer jobs than expected in November, before a new Covid threat created a scare that growth could slow into the winter, the Labor Department reported Friday. Nonfarm payrolls increased by just 210,000 for the month, though the unemployment rate fell sharply to 4.2% from 4.6%, even though the labor force participation rate increased for the month to 61.8%, its highest level since March 2020. The Dow Jones estimate was for 573,000 new jobs and a jobless level of 4.5% for an economy beset by a chronic labor shortage. A more encompassing measure of unemployment that

Comments:

Once again the numbers don't quite add up. Anemic job growth but they say the unemployment rate drops sharply.

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Reply 1 - Posted by: Toby Ten Bears 12/3/2021 9:18:11 AM (No. 995768)
Let's Go Brandon!!!
11 people like this.

Reply 2 - Posted by: Namma 12/3/2021 9:25:34 AM (No. 995777)
must be because the new illegal citizens are not applying for jobs.
5 people like this.

Reply 3 - Posted by: jalo1951 12/3/2021 9:25:34 AM (No. 995778)
Everyday with this FJB administration has been a disappointment. The reason unemployment has gone down is because so many people have dropped the option of actually looking for a job. They are no longer being counted.
7 people like this.

Reply 4 - Posted by: SilkCity 12/3/2021 9:25:42 AM (No. 995779)
Forget stocks, bonds, funds, etc; if I can find a way to go long on the term "unexpected" in the MSM financial reporting, I'm gonna clean up.
3 people like this.

Reply 5 - Posted by: formerNYer 12/3/2021 9:53:39 AM (No. 995802)
Wait, isn’t it surprising???
2 people like this.

Reply 6 - Posted by: RCFLyer98 12/3/2021 10:05:33 AM (No. 995820)
"They" just can't figure it out. It's beyond them. Eliminate our petroleum advantage, depend on OPEC, the price goes up. Increase tax on everything, those taxes are passed on to us. "They" deny, deflect and project, but things do not get better . . . the go into the dumper. "They" don't get it . . . unless perhaps it's their plan. IMHO, of course!
5 people like this.

Reply 7 - Posted by: Mr. Know-It-All 12/3/2021 10:18:59 AM (No. 995845)
This makes no sense. Lackluster job creation numbers, but unemployment below 5%? How? And there is clearly a labor shortage problem. Just go to any retail establishment or restaurant and it is easy to see that there are not enough people working. Employers are really stressed trying to get workers. What gives? Are those still on the dole due to covid not being counted? And are their never ending covid relief checks responsible for their not wanting to return to work? I would like somebody to explain that to me. There is no way the unemployment figures legitimately rival those of the Trump boom times. Let's go Brandon!
2 people like this.

Reply 8 - Posted by: hershey 12/3/2021 10:21:17 AM (No. 995852)
I'm sure they aren't counting the job opportunities in the 'smash and grab' gangs...
1 person likes this.

Reply 9 - Posted by: aripeny 12/3/2021 10:36:10 AM (No. 995880)
How about all the recently fired employees not eligible for unemployment due to exercising their right to not be jabbed?
2 people like this.

Reply 10 - Posted by: MickTurn 12/3/2021 11:16:26 AM (No. 995934)
High Hopes with Brandon running the country into the ground is reserved for Woke Dopes!
1 person likes this.

Reply 11 - Posted by: WI Cynic 12/3/2021 2:23:36 PM (No. 996175)
If you want a particular thing, you have to hire a person inclined to provide that thing. You want Social Justice, you hire Biden. You want jobs, you hire Trump.
2 people like this.

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