U.S. adds 211k jobs in November, unemployment remains steady at five percent

Futures Magazine ^ | 12/04/2015

[Nero Germanicus]

Wall Street likes the jobs report, the Dow is up by 300 points, S & P is up 39 and NASDAQ is up 97 points.

[pinqy27]

Mining and logging: -11,000
Construction: +46,000
Manufacturing: -1,000
Wholesale Trade: +9,100
Retail trade: +30,700
Transportation and warehousing: +6,400
Utilities: +2,400
Information: -12,000
Financial Activities: +14,000
Professional and business services: +27,000
Education and health services: +40,000
Leisure and Hospitality: +39,000
Other services: +6,000
Federal govenment: +6,000
State government: +3,000
Local government: +5,000

So, no.

[pinqy27]

ummm no, that’s not how it works at all.
The Unemployment rate is Unemployed/Labor Force. Unemployed are those who are available to work and actively looked for work in the last 4 weeks. The labor force is employed plus unemployed.

To get 100 million, you’re including 88 million who don’t want a job. and 6 million who say they want a job but are making no effort to get one.

[TwelveOfTwenty]

Table A-9. Selected employment indicators

If I read this correctly, we picked up 3,000 full time jobs, and 137,000 part time. I don't know how that comes out to over 200,000.

And the not seasonally adjusted numbers show a loss of 569,000 full time jobs. Makes you wonder what formula they use for seasonal adjustments.

Have some fries with that?

[equaviator]

All in spite of Obama, not because of Obama.