Posted on 12/03/2004 5:33:32 AM PST by Tennessean4Bush
Edited on 12/03/2004 5:43:32 AM PST by Admin Moderator. [history]
Yikes! Sorry about the table. Will try to reformat.
I fixed it ;)
The original table looked fine to me. Thanks for doing all this.
Danke!
Certain to be overlooked: "Total employment in November grew by 483,000 to 140.3 million."
And thank you too!
Total employment in November grew by 483,000
Welcome ;)
So, what does this add up to now? About 2.3 MM new jobs in 15 months?
I know there must be a technical reason, but we keep adding jobs (112,000 last month, I forget how many thousand the month before) yet the unemployment rate stays the same. How is this possible?
What's the total job tally now? I think we're almost out of the red, right?
Two different measurements for the two numbers.
Approximately 150,000 new people enter the job market each month.
Nonfarm payroll employment increased by 112,000 over the month.
New people coming on the rolls, more people entering the work force than retiring
The unemployment rate slipped from 5.5 to 5.4. But...you can add jobs. Still, people lose jobs too, and I'm not sure, but I think the unemployment rate is based on those who apply for unemployment. The stock market didn't like the numbers today, it was much lower than expected. I'm getting tired of economist overpredicting and getting the stock market's hopes up, just to be let down. I'm ready for a big rally, and it just won't happen. The good news is that oil keeps going down. We really need to get out there and Christmas shop. My family is going tommorow.
The unemployment rate only counts individuals actively seeking employment. If a person has given up - they don't count.
As the economy adds jobs and the economic outlook gets better, more people that were previously not seeking work start looking because they think there is finally a chance for them to get a job. Then they are counted as unemployed.
It is actually a very good sign when significant job creation results in no drop in the unemployment rate. More Americans are getting hope in our economy and their future.
But I thought this was a jobless recovery?
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