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146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7%
Zero Hedge ^

Posted on 12/07/2012 5:58:47 AM PST by Perdogg

Looks like Sandy was not an issue at all in the November jobs report which beat in both the number of jobs added, at 146,000 on expectations of 85,000, while the unemployment rate declined to 7.7% from 7.9%, where it was expected to post as well. Watch this space next month for prio revisions: September and October saw 49K downward revisions combined. November will suffer the same fate.

(Excerpt) Read more at zerohedge.com ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
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1 posted on 12/07/2012 5:58:54 AM PST by Perdogg
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To: Perdogg

Happy days are here again! /s


2 posted on 12/07/2012 6:00:24 AM PST by Ken522
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To: Ken522

“Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.”


3 posted on 12/07/2012 6:01:51 AM PST by Perdogg (Rep. Tom McClintock (R-CA4) for President 2016)
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To: Perdogg

Another 350,000 workers magically disappeared from the work force or this would have been another disastrous report. Is there a total number of these workers who have disappeared since Obama took office?


4 posted on 12/07/2012 6:02:08 AM PST by txrefugee
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To: Perdogg

The communists are still in campaign mode. They’ve got to make Barry Benghazi look good for the current “cliff” battle. I sure wish the average I.Q. of the people living in this country was just a few points higher. This wouldn’t be so easy for the communists to pull off. If chimpanzees could talk, I know they wouldn’t be falling for this.


5 posted on 12/07/2012 6:03:25 AM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: txrefugee

Thank you. I knew some FReeper would know the answer to my question. CNBC gave today’s number of “missing” workers as 350K, but they are part of the NBC ObamaBot cult, so your number is probably more valid.


6 posted on 12/07/2012 6:04:09 AM PST by txrefugee
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To: Perdogg

So! Sandy helped the unemployment rate, huh? /s


7 posted on 12/07/2012 6:05:00 AM PST by Bushbacker1 (I miss President Bush! (Oathkeeper))
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To: Perdogg

...soon there will be a report that there never was a Benghazi incident


8 posted on 12/07/2012 6:05:48 AM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Perdogg

Only 350,000 dropped out of the labor force last month. That’s a lot of new “disability” claims.


9 posted on 12/07/2012 6:11:48 AM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: Doogle

Wow! A few more hurricanes and we will be on the high road of prosperity!


10 posted on 12/07/2012 6:12:41 AM PST by Michigander222
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To: Perdogg
Same number of people employed as 1980?

1980 US population 227 million

2010 US population 308 million

that's 35% more people and the SAME NUMBER EMPLOYED?

How do 35% more people not work then in 1980?

11 posted on 12/07/2012 6:13:21 AM PST by Lockbox
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To: Doogle
AND Sept/Oct was revised, 50,000 less jobs than reported. Therefore it offset the number of jobs that increased over analysis expectation for Nov. yet the rate goes down. Broom Hilda Solis needs to be called to Capitol Hill and grilled.
12 posted on 12/07/2012 6:15:37 AM PST by DAC21
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To: FlingWingFlyer

Only 350,000 dropped out of the labor force last month. That’s a lot of new “disability” claims.

True that. I know a few of them here in California.


13 posted on 12/07/2012 6:16:16 AM PST by Huskrrrr
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To: Perdogg

Barbara Streisand


14 posted on 12/07/2012 6:16:16 AM PST by Sybeck1 (Exodus 20:17)
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To: Lockbox

I laugh more at some of these pundits on CNBC than I do watching Comedy Central. The spin is out of control


15 posted on 12/07/2012 6:16:24 AM PST by ground_fog
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To: Perdogg

More corrupt Obama number crunching. The adjustments will get made, and unemployment will “explode”, shortly after we go off the fiscal cliff and the Republicans start getting the blame.


16 posted on 12/07/2012 6:17:03 AM PST by Buckeye McFrog
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To: Lockbox

“How do 35% more people not work then in 1980?”

Part of it is millions Illegal Aliens working cash/under the table.


17 posted on 12/07/2012 6:18:42 AM PST by DAC21
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To: Perdogg

What types of jobs are included? Are they good paying, permanent? Are there any career types of jobs included? So many questions so few answers.


18 posted on 12/07/2012 6:19:25 AM PST by duckman (I'm part of the group pulling the wagon!)
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To: Perdogg

If you pull up the page ,,, “Daily Job Cuts.Com” and follow the timeline from Sept 2012 to date you will find it very hard to believe the U/E rate is dropping . This site includes daily layoffs , businesses filing for bankruptcy and closings . Even the amount of people being hired for temporary employement at xmas time may not account for the decline in U/E claims being shown to date . Something very fishy in Denmark .


19 posted on 12/07/2012 6:20:38 AM PST by Lionheartusa1 (-: Socialism is the equal distribution of misery :-)
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To: Perdogg
...a drop in the labor force participation rate which declined by 0.2% to 63.6%...number of people out of the labor increased by over 540K to 88,883,000.

By that standard, when that 63.6% drops to ZERO, we will have 100% employment.......

20 posted on 12/07/2012 6:22:42 AM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: FlingWingFlyer
"Only 350,000 dropped out of the labor force last month."

According to this article it appears 540K dropped out of the work force. Half a million workers magically disappear.

21 posted on 12/07/2012 6:24:17 AM PST by circlecity
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To: Perdogg

AP: 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.

Even propaganda machine can’t help telling some truth.


22 posted on 12/07/2012 6:24:36 AM PST by granada
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To: Perdogg
I can't believe people are buying this, but since so many voted for him (fraud aside) I guess they must be.

Does it ever occur to people that every month we hear that unemployment has dropped, even more jobs were created than expected, that economy is revving up...And yet they still can't find a job, their friends still can't find jobs, the cost of goods is higher than ever, taxes are going up...Good-gosh-almighty people are are breathtakingly stupid creatures.

Bush's fault! /sarc

23 posted on 12/07/2012 6:27:57 AM PST by Wyrd bi ful ard (Gone Galt, 11/07/12)
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To: circlecity

It’s sounds like Barry and the ‘RATS are doing their own version of The Rapture.


24 posted on 12/07/2012 6:28:05 AM PST by FlingWingFlyer (Don't tax me bro! Tax that guy over there!)
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To: Perdogg
November jobs report which beat in both the number of jobs added, at 146,000...

Which is pathetic. Doesn't even cover population growth.

Unfortunately, the SCM (state controlled media) is trying to convince the general public that this is the new "normal."

5.56mm

25 posted on 12/07/2012 6:28:55 AM PST by M Kehoe
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To: Lockbox

You’re doing the job the MSM won’t do.

Sadly this astounding fact will be unknown to 98.6% of Americans.


26 posted on 12/07/2012 6:30:44 AM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: Perdogg
Being totally in the dark about how much more they're gonna owe the government next year apparently makes businesses feel like spending more money.
27 posted on 12/07/2012 6:31:15 AM PST by skeeter
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To: Perdogg
Free Ugly Man Laugh.gif phone wallpaper by firefox669

Yeah, we Low Information Voters believe you, O Great Federal Behemoth!

28 posted on 12/07/2012 6:33:22 AM PST by SoFloFreeper
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To: granada
AP: 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.

Even propaganda machine can’t help telling some truth.

Excellent catch!! This FACT will be buried.

29 posted on 12/07/2012 6:35:49 AM PST by SoFloFreeper
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To: Perdogg

Once you fall off unemployment your sleazy lawyer has got the SSI disability benefit lined up.

1 You now are off the stats for unemployment.

2 You still get govt $$$.

3 You now get your monies tax-free, until you die, or until the bank breaks.


30 posted on 12/07/2012 6:38:38 AM PST by George from New England (escaped CT in 2006, now living north of Tampa)
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To: Perdogg

So the data says there are 120K fewer people employed despite 190K more people entering the work-eligible population. How can they claim any new jobs were created?


31 posted on 12/07/2012 6:40:51 AM PST by gore_sux (Al Franken - Preferred by Minnesota Educated Somali Pirates and Suicide Bombers Everywhere)
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To: Perdogg
Believe this administration? HA! I wouldn't believe them if they told me the sun rose in the east.
32 posted on 12/07/2012 6:41:30 AM PST by JayAr36 (Can't fight the takers with logic.)
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To: Perdogg
350,000 workers dropped out of the workforce, and 229,000 fell off the unemployment roles, and somehow these 567,000 people magically "disappear."
Everything is coming up roses! Happy days are here again!

If Oboma keeps up this "people disappearing act" for another year, unemployment will be down to 0% in no time!

33 posted on 12/07/2012 6:44:35 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Perdogg

Labor Participation from Reagan to the present. When Reagan took office it was 63.9%. As of November 2012 it is 63.6%.

34 posted on 12/07/2012 6:45:05 AM PST by kabar
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To: JayAr36

The Repubs need to come at this number by saying there are 350,000 less Americans working and paying taxes. More reason to cut Obambi’s spending.


35 posted on 12/07/2012 6:46:27 AM PST by DAC21
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To: JayAr36

The Repubs need to come at this number by saying there are 350,000 less Americans working and paying taxes. More reason to cut Obambi’s spending.


36 posted on 12/07/2012 6:46:35 AM PST by DAC21
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To: Perdogg

Temporary retail jobs?


37 posted on 12/07/2012 6:49:16 AM PST by Fresh Wind
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To: Perdogg

Christmas hires? The unemployment numbers will rise dramatically again in January. Funny watching the MSM drool all over themselves thinking we’ve turned the corner in our economic troubles. The rest of us know this is the calm before the storm.


38 posted on 12/07/2012 6:51:50 AM PST by dowcaet
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To: txrefugee

Keep talking like that and some more of us may “disappear” before ya know it. LOL! Yup, really odd that we “actually” see a drop in the unemployment “claims”. Another “unexpected” result of uncle obie’s omnipotence I guess. In retrospect, did the dems ever seem really concerned leading up to the election? Kind of like obie’s comment to medvedev about having more flexibility after the election. Like there was no doubt that he would be back in. I’m startin’ to think that all of the dems could have stayed home on 11/6 and we would have had the same outcome.

Share the lead.


39 posted on 12/07/2012 6:54:53 AM PST by rktman
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To: txrefugee

Also, where are the hundreds of thousands of college grads getting employed?


40 posted on 12/07/2012 7:01:13 AM PST by Right Brother
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To: Perdogg

We know this is a lie.


41 posted on 12/07/2012 7:05:25 AM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Lockbox
"How do 35% more people not work then in 1980?"

There are lies, damned lies, then there are statistics. The unemployment numbers are cooked to support the "agenda". Consider this however: Baby Boomers are now retiring at a supposed rate of 10,000 plus a day. That will put a serious dent in the size of the labor force.

42 posted on 12/07/2012 7:10:31 AM PST by buckalfa (Nabob of Negativity)
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To: Ken522

this is all smoke and mirrors.

they are now trying to pretend that things are getting much better so.... after we go over the fiscal cliff Obama can lay the blame for the coming double dip recession on “obstructionist republicans”.

the spin will be ... things were just starting to turn around... but then the Republicans insisted on making the rich richer by refusing to raise their taxes, causing the economy to slip into another recession.


43 posted on 12/07/2012 7:10:35 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Perdogg

Where are they?


44 posted on 12/07/2012 7:12:02 AM PST by sport
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To: duckman

Betcha it’s all Christmas seasonal work.


45 posted on 12/07/2012 7:13:45 AM PST by 3catsanadog (No more blaming Bush, Obama-now you inherited the mess you made.)
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To: Lionheartusa1

bookmark


46 posted on 12/07/2012 7:14:58 AM PST by paradoxical
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To: kabar; All

I went looking for your data link:

http://data.bls.gov/pdq/SurveyOutputServlet

As I read this chart, only a scant 64% of Americans, 16 years and older are actually working? Good Lord. And you know until you hit the people in their mid-20’s and up, those below that are most likely only working part time and most likely with NO benefits.

We are SO screwed.


47 posted on 12/07/2012 7:16:14 AM PST by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Doogle

Soon we may see people that become out of favor suddenly disappearing from photos. Maybe horse’s heads start showing up in beds. This is nuts. One FReeper posted a link to a great site that shows the job losses day by day. Given the action we are seeing on the ground there is no way I buy that the real unemployment is going down.


48 posted on 12/07/2012 7:16:43 AM PST by plain talk
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To: Perdogg

quote “labor force participation rate which declined
by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.”

88 MILLION people are out of work now!!!!

socialism ! ain’t it grand!!!! /s


49 posted on 12/07/2012 7:17:14 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: buckalfa
If 10,000 retire per day, that's 300,000 per month. 540,000 stopped working last month. What about the other 140,000?

Love numbers............

50 posted on 12/07/2012 7:17:26 AM PST by Lockbox
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