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Economy Creates 120,000 Jobs, Rate Tumbles to 8.6%
CNBC ^
| 12-2-2011
| Jeff Cox
Posted on 12/02/2011 5:53:03 AM PST by The_Victor
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Oh for the days of 4.8% unemployment, which the MSM touted as the worst economy since the Great Depression.
To: The_Victor
These numbers are not to be trusted.
2
posted on
12/02/2011 5:54:50 AM PST
by
JPJones
(Frodo Lives!)
To: The_Victor
Economy creates 120,000 jobs — most of them seasonal jobs. Just wait and see what the unemployment rate will be AFTER the holidays.
3
posted on
12/02/2011 5:55:10 AM PST
by
LottieDah
(If only those who speak so eloquently on behalf of animals would do so on behalf of the unborn.)
To: The_Victor
The number of people who quit looking for work must have increased significantly if only 120K jobs were created and unemployment rate dropped that much.
4
posted on
12/02/2011 5:55:10 AM PST
by
scbison
To: The_Victor
Sounds like it’s one of those “seasonally adjusted” things.
5
posted on
12/02/2011 5:55:37 AM PST
by
FlingWingFlyer
(Stop BIG Government Greed Now!!!!)
To: The_Victor
“The rate fell from the previous month’s 9.0 percent, which would reflect a drop in the participation rate among those without jobs.”
But let’s tout 8.6% (to be revised up in Jan) anyway.
I’m sure people wont notice the reality around them. /s
6
posted on
12/02/2011 5:55:50 AM PST
by
VanDeKoik
(1 million in stimulus dollars paid for this tagline!)
To: The_Victor
ROFL
yeah right !
our government is LYING to us!
To: The_Victor
These are not the jobs you’re looking for....
8
posted on
12/02/2011 5:56:58 AM PST
by
neodad
To: JPJones
“These numbers are not to be trusted.”
I doubt anyone, other than MSNBC, will look at this as anything more than BS.
9
posted on
12/02/2011 5:57:55 AM PST
by
VanDeKoik
(1 million in stimulus dollars paid for this tagline!)
To: The_Victor
140,000 jobs, which will be downgraded next week, reflects a 0.4% decrease in the unemployment rate?
10
posted on
12/02/2011 5:58:01 AM PST
by
RS_Rider
(I hate Illinois Nazis)
To: The_Victor
And so, with only 11 months to the election, the massaging of the numbers begins in earnest...
I’m kind of surprised the BLS is posting such a drop from last month in the unemployment rate. One would think the drops would be more incremental to appear credible.
11
posted on
12/02/2011 5:58:17 AM PST
by
ScottinVA
(I miss America.)
To: JPJones
“These numbers are not to be trusted.”
Agree, and then there was the report yesterday about unemployment up, and back over the 400,000 mark again.
I’m with you. I call BS on this one.
12
posted on
12/02/2011 5:58:45 AM PST
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
To: FlingWingFlyer
Sounds like it’s one of those “seasonally adjusted” things.
Yeah, “election season.”
13
posted on
12/02/2011 5:58:55 AM PST
by
PLMerite
(Shut the Beyotch Down! Burn, baby, burn!)
To: neodad; All
I saw on Drudge that 315000 Americans left the work force..
14
posted on
12/02/2011 5:59:01 AM PST
by
KevinDavis
(The History of Christmas: http://www.thehistoryofchristmas.com/)
To: LottieDah
Economy creates 120,000 jobs — most of them seasonal jobs. Just wait and see what the unemployment rate will be AFTER the holidays. The actual numbers don't matter; only favorable numbers will be reported.
15
posted on
12/02/2011 5:59:08 AM PST
by
TonyInOhio
(Ohio's four seasons: Rain, Snow, Rain & Snow, and Humid)
To: The_Victor
8.6%...a 0.4% drop?
For the last three months, the weekly unemployment claims have consistently been near 400K (except for two weeks, which were still over 385K) and only 120K jobs were created, BUT that equals a .4% drop in the unemployment number?
The ONLY way this number has dropped that much is if a VERY LARGE portion of job seekers have simply STOPPED LOOKING!!
16
posted on
12/02/2011 5:59:53 AM PST
by
ExTxMarine
(PRAYER: It's the only HOPE for real CHANGE in America!)
To: JPJones
But market futures are up big on the news! Of course, the financial markets move on news of a fart in the wind...
Mike
17
posted on
12/02/2011 6:00:28 AM PST
by
MichaelP
(The ultimate result of shielding men from the effects of folly is to fill the world with fools ~HS)
To: The_Victor
Christmas surge in hiring - will drop again after the Holidays.
18
posted on
12/02/2011 6:01:25 AM PST
by
ZULU
(Anybody but Romney or Huntsman)
To: The_Victor
Imagine when jobs are really created after this Bozo is gone. The way they manipulate the figures now, they’ll have to say unemployment is zero. That’ll never happen, however.
19
posted on
12/02/2011 6:01:26 AM PST
by
edpc
(Wilby 2012)
To: JPJones
You are correct. Just as we use a bogus method to justify spending with baseline budgeting, we also use bogus methods to calculate unemployment rates.
20
posted on
12/02/2011 6:01:30 AM PST
by
Eagle of Liberty
(Shaking My Head on a daily basis)
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