Posted on 12/06/2013 6:41:29 AM PST by whitedog57
The November jobs report is out from the Department of Labor and nonfarm payrolls rose more than expected. 203,000 jobs were added versus the expectation of 185,000. However, most jobs added were low paying jobs and holiday season related.
The unemployment rate fell to 7.0% while the underemployment rate dropped to 13.2%.
Labor force participation rate rose to 63.0% from 62.8%.
WHERE were the jobs created? The biggest winners were low paying jobs related to the Holiday season for the most part:
Food services and drinking places 17.9 General Merchandise Stores 13.8 Temporary Help Services 16.4 Home Health Care Services 11.8 Sporting goods, hobby, book, and music stores 11.7
The fly in the proverbial jobs ointment is that personal income declined -0.1% in October.
And bear in mind that there are still 91.3 million not in the labor force.
WHERE were the jobs created? The biggest winners were low paying jobs related to the Holiday season for the most part
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Exactly what I thought. The MSM will conveniently ignore this side of the numbers. They are pushing the ‘recovery’ meme for their master.
Part-time and seasonal. Come January, the REAL unemployment numbers will rise sharply, and this will be compounded with a strangulation of resources, both as a decline in revenue generation, and a growing demand that services be paid out of state and Federal coffers, already dangerously low.
It did not have to be, it should no longer be tolerated, and it should be confronted with REAL answers and solutions.
“Austerity” is evidently a concept that Washington cannot grasp, and just about every one of the various states that are considered to be “blue”, are equally abusive of the notion.
Surprisingly (or not), the “red” states do not seem to be so negatively impacted by this overall economic contraction, as in some instances, they are actually in a period of EXPANSION.
Seasonal workers used to be adjusted OUT of the numbers as the numbers are supposed to be seasonally adjusted. More Phony numbers from the Obama administration.
Seasonal work as a bartender.
It will be interesting to see what kind of ripple effect the Detroit bankruptcy will have on other blue state cities that are in deep financial trouble. I believe many were waiting for “someone to go first” before declaring their own bankruptcies. If a lot of cities follow suit, this could get really messy and have quite an impact on the overall economy. Things are going to “get real” in 2014.
They post the job statistics and jump up and down hoping you will to, We are close to the hoidays the extra hiring is for the holiday but the stupid masses who listen to the scum media for about 5 min a night say yea we are coming back.
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