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Economy Added Fewer Jobs Than Expected in November [unemployment rate: 9.8%]
The Wall Street Journal ^ | Friday, December 3, 2010 | By LUCA DILEO And JEFFREY SPARSHOTT

Posted on 12/03/2010 5:48:02 AM PST by MinorityRepublican

Edited on 12/03/2010 6:00:23 AM PST by Admin Moderator. [history]

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To: MinorityRepublican
The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued weakness in the labor market 17 months into the recovery

Now that's a comical sentence.

- The unemployment rate goes up and they position it as "fewer jobs than expected"? We lost jobs.

- What "recovery"? There isn't any. All that's happened is a slightly slower rate of job losses, which may be statistical crap anyway.

The Objective Press. Whatta laugh.

21 posted on 12/03/2010 6:22:52 AM PST by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: TomGuy
Translation: We have no idea what we are doing or what the hell is going on.

They must be high...

22 posted on 12/03/2010 6:23:34 AM PST by mmichaels1970
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To: MinorityRepublican
This figure includes retail hiring for the Holidays, underscoring just how terrible this number really is.
23 posted on 12/03/2010 6:24:49 AM PST by Rational Thought
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To: MinorityRepublican
The U.S. unemployment rate "matches the longest stretch at such an elevated level since World War II."

Shout it from the mountain tops.

24 posted on 12/03/2010 6:26:56 AM PST by FourPeas (From the same mouth come blessing and cursing. My brothers, these things ought not to be so. Ja 3:10)
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To: MinorityRepublican
[...unemployment rate, which is obtained from a separate household survey, unexpectedly rose to 9.8% last month.]

If 50% of America was unemployed I believe the lamestream media would stick to the 9.8 percent rate. Just like the 12 million illegal immigrants number never rises. Or the government reported increase of only 1% inflation, a lie that conservative economists report to be over 10%. This obamantion administration is using the tactics all communist nations do by controlling the numbers reported using the communist controlled media, mostly stupid overpaid liberals who are not worth watching or hearing from at all as they are boring and lying regularly.
The little school book animal farm about communism exposes the tactics communist powers use and misinformation is at the top of the list.

25 posted on 12/03/2010 6:27:31 AM PST by kindred (Come, Lord Jesus, rule and reign over all thine enemies from Zion, the chosen nation.)
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To: MinorityRepublican

There was a thread a couple of days ago that indicated some companies were already laying off seasonal temp workers they had hired for the holiday.

When other companies lay off the seasonal holiday workers, the January numbers may well push the UE to 10%-plus.

Of course, the Labor Dept can fanagle the numbers by including the holiday short-weeks and weather. After all, it did snow in the northwest.


26 posted on 12/03/2010 6:29:38 AM PST by TomGuy
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To: MinorityRepublican
The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued weakness in the labor market 17 months into the recovery.

Stop the NewSpeak train, I gotta get off.

Now rising unemployment is considered a recovery? How does that work?

Bastards! I suspect the actual rate is much higher than 9.8%. I reckon they figure 9.8% is as high as they can go without us getting out our pitchforks.

27 posted on 12/03/2010 6:30:02 AM PST by upchuck (When excerpting please use the entire 300 words we are allowed. No more one or two sentence posts!)
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To: expat_panama

Futures are down now after the report:

http://finance.yahoo.com/news/Futures-slide-after-payrolls-rb-3702273667.html;_ylt=AqoU8.m7vNm1jla.GpddVT27YWsA;_ylu=X3oDMTE1NWJyNnFhBHBvcwM0BHNlYwN0b3BTdG9yaWVzBHNsawNmdXR1cmVzc2xpZGU-?x=0&sec=topStories&pos=1&asset=&ccode=


28 posted on 12/03/2010 6:31:18 AM PST by Qbert
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To: Qbert

Yahoo, interesting. Google still hasn’t mentioned it...


29 posted on 12/03/2010 6:37:16 AM PST by expat_panama
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To: MinorityRepublican

Everyone in the United States could be out of work and the media, while the Democrats are in power, will still report: Unemployment held steady at 9.8 per cent.


30 posted on 12/03/2010 6:41:00 AM PST by sport
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To: lacrew
I missed Recovery Summer.

No problem...we're now in the Fall of Prosperity.

.

31 posted on 12/03/2010 6:41:31 AM PST by repentant_pundit ("Summer of Recovery" became "The Fall of Prosperity")
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To: MinorityRepublican

We need to take economic estimating and forcasts out of the hands of economists and turn it over to weathermen.


32 posted on 12/03/2010 6:44:06 AM PST by umgud
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To: repentant_pundit
No problem...we're now in the Fall of Prosperity.

Followed by the Winter of our discontent.
33 posted on 12/03/2010 6:48:50 AM PST by mmichaels1970
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To: John W

Yup. What really *was* unexpected to me was that they revised October’s numbers up (so that they’re better). Usually, they’re revised down, quietly.


34 posted on 12/03/2010 6:50:44 AM PST by wbill
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To: repentant_pundit

Followed by the Winter of Wipeout.


35 posted on 12/03/2010 6:50:52 AM PST by Perdogg (What Would Aqua Buddha do?)
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To: Rational Thought

“This figure includes retail hiring for the Holidays, underscoring just how terrible this number really is.”

Don’t seasonal adjustments smooth that out? Also, if the seasonal adjustment assumed more seasonal hiring than occurred, wouldn’t actual conditions be better than these figures show?


36 posted on 12/03/2010 6:52:53 AM PST by olrtex
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To: MinorityRepublican

“The U.S. economy added fewer jobs than expected”

The experts should be fired, they have worse numbers that weathermen.


37 posted on 12/03/2010 6:53:26 AM PST by Grunthor (I hope this one pleases you.)
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To: potlatch


9.8% UNEMPLOYMENT






CORRUPT-LYING-BASTARDS.GOV






38 posted on 12/03/2010 6:53:26 AM PST by devolve
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To: upchuck
The U.S. economy added fewer jobs than expected in November and the unemployment rate rose to its highest level since April, underlining the continued weakness in the labor market 17 months into the recovery.

The song "Oh!Susanna" contains less contradictions than this sentence.

39 posted on 12/03/2010 6:55:09 AM PST by Right Brother
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To: John W

Obviously they should be added to the unemployment rolls, but that would jack up the numbers again.


40 posted on 12/03/2010 6:55:09 AM PST by SouthTexas (WE are the Wave)
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