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Live From New York! Itís Jobs Friday! (U.S. economy added 146,000 jobs last month)
The Wall Street Journal ^ | Friday, December 7, 2012

Posted on 12/07/2012 5:50:00 AM PST by MinorityRepublican

Yes, it’s that time again, folks. It’s the first Friday of the month, when for one ever-so-brief moment the interests of Wall Street, Washington and Main Street are all aligned on one thing: Jobs.

A fresh update on the U.S. employment situation for November hits the wires at 8:30 a.m. New York time, offering one of the most important snapshots on how the economy fared last month. Economists polled by Dow Jones Newswires expect 80,000 new jobs were created — down from 171,000 jobs added in October — with the unemployment rate holding steady at 7.9%. 

(Excerpt) Read more at blogs.wsj.com ...


TOPICS: Business/Economy; Society
KEYWORDS:
The unemployment rate is now 7.7%
1 posted on 12/07/2012 5:50:04 AM PST by MinorityRepublican
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To: MinorityRepublican

Some folks got hired for the holidays.


2 posted on 12/07/2012 5:51:07 AM PST by ltc8k6
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To: MinorityRepublican

More crap from the Ministy of Plenty - 350,000 left the job force that is why the number fell to 7.7%.

Revisions to October and Septemeber proves the BLS, or just BS, cooked the books prior to the election.


3 posted on 12/07/2012 5:51:44 AM PST by Perdogg (Rep. Tom McClintock (R-CA4) for President 2016)
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To: ltc8k6

The Target store I worked at a few years ago used to hire 100-150 people for the holidays.

Target has 1,700 stores.


4 posted on 12/07/2012 5:51:59 AM PST by abercrombie_guy_38
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To: MinorityRepublican

The Obama government wouldn’t lie to us.... Would They?


5 posted on 12/07/2012 5:57:34 AM PST by baddog 219
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To: MinorityRepublican

bs


6 posted on 12/07/2012 5:58:47 AM PST by Arm_Bears (The MSM lies about conservatives; and it lies about liberals.)
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To: MinorityRepublican
If you look at the Daily Job cuts at this site and click onto the Daily hiring tab, the 7.7% figure is bull$hit!

http://www.dailyjobcuts.com/

7 posted on 12/07/2012 5:59:15 AM PST by classified
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To: abercrombie_guy_38

http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77

Kind of ugly, actually.

They admit 53K were retail jobs and the labor participation rate dropped again.


8 posted on 12/07/2012 6:00:35 AM PST by ltc8k6
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To: MinorityRepublican
Economists polled by Dow Jones Newswires expect 80,000 new jobs were created

I highly doubt these "economists" ever believed that... but they're helping themselves and The One by managing expectations. That 7.7% is a joke by itself. Further into the CNBC article, it's revealed that's mostly due to the continued outflow of people from the work force.

9 posted on 12/07/2012 6:00:51 AM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: MinorityRepublican

And the glaring number, to me, is that an additional 540,000 have ‘vanished’ from the workforce. That brings the total of those ‘not participating in the workforce’ to almost 89,000,000 - therefore, they don’t count. WOW!!!! I guess the massaging of the participation rates / birth, death model, and seasonal adjustments has worked so well with the UE numbers that they are carrying it forward to the payroll reports.

September and October were “Revised” downward by 50k, I will not be surprised to see the same fate for the Nov. numbers - in fact, I expect it.


10 posted on 12/07/2012 6:02:03 AM PST by RobertClark (Inside every "older" person is a younger person wondering what the hell happened?)
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To: MinorityRepublican

Another monthly drop in the Labor Force Participation Rate (source: Zero Hedge.com)

11 posted on 12/07/2012 6:09:26 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: MinorityRepublican

These “jobs reports” should come with a “laugh track”.


12 posted on 12/07/2012 6:20:35 AM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: MinorityRepublican

What exactly are the WSJ a-holes smoking???????


13 posted on 12/07/2012 6:41:02 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: Doc Savage

Some strong stuff.


14 posted on 12/07/2012 6:48:07 AM PST by MinorityRepublican
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To: baddog 219

15 posted on 12/07/2012 6:53:09 AM PST by MinorityRepublican
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To: MinorityRepublican

In a time of universal deceit - telling the truth is a revolutionary act.
George Orwell


16 posted on 12/07/2012 7:43:15 AM PST by scooby321 (AMS)
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To: scooby321

Indeed!


17 posted on 12/07/2012 8:36:47 AM PST by MinorityRepublican
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