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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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To: VanDeKoik
I would love to buy a bridge in NYC. Are you kidding me...12 dollars per car (or more). I could be a millionaire. My post was somewhat sarcastic. By June 2012, they are going to be saying the unemployment rate is 7.5....count on it. This has been part of the plan forever.
61
posted on
12/02/2011 6:43:50 AM PST
by
napscoordinator
(Anybody but Romney, Newt, Perry, Huntsman, Paul. Perry and Obama are 100 percent the same!!!!!)
To: xzins
It means that an insignificant number of jobs were added, but that an ENORMOUS number of people dropped out of even looking for jobs...the so-called "discouraged workers" number
Do you have to be collecting unemployment to be considered in the unemployed number? I am pretty sure that by now, a large number of people have probably exhausted their weeks of unemployment. Funny that we NEVER hear about extending the package any more. That was Pelosi and Reid's fallback legislation any time they wanted to gin up some anger for damn near a year.
62
posted on
12/02/2011 6:44:05 AM PST
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: SouthTexas
Sign on the White House: “Abandon hope all ye workers who enter here”. This is what is happening. The US workforce is moving from discouragement to despair. The welfare rolls will increase, as will the number of those working under the table. Obama’s economy is Jimmy Carter malaise on steroids.
To: MrB
Ha! And we are now at war with Eurasia. DAY OF RAGE!
64
posted on
12/02/2011 6:45:23 AM PST
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: BigSkyFreeper
From Lakeshore Laments:
“Jim Pethokoukis of the American Enterprise Institute on Twitter figures that we’ve so increased the number of discouraged workers and shrank our labor force so much, that if Obama had the same number of people working now as he had labor force when he came into office, Unemployment would be 11%.”
Even Carter never had an UR this high. I believe that the highest during his presidency was 7.5%, and this was under the old BLS measuring standards.
65
posted on
12/02/2011 6:46:02 AM PST
by
princeofdarkness
(The Obama Administration is circling the wagons. But the Truth Indians are using flaming arrows.)
To: KevinDavis
On Fox Radio News, they said the “drop” in the unemployment rate to 8.6% was partially due to 300,000 people who gave up looking for work.
Fox said those 300,000 are NOT counted in the “official” rate of unemployment.
These government numbers are so fudged it boogles the mind.
We all know the true rate of unemployment is way up into the double digits.
66
posted on
12/02/2011 6:46:20 AM PST
by
july4thfreedomfoundation
(The "Occupy Wall Street" losers should try occupying their local employment office. GET A JOB!)
To: JPJones
“These numbers are not to be trusted.”
My husband and I agree.
67
posted on
12/02/2011 6:46:20 AM PST
by
SumProVita
(Cogito, ergo...Sum Pro Vita. (Modified Decartes))
To: littleharbour
I don’t know if people are giving up or they just quit counting. Easy to drop the unemployment rate when you control all the numbers.
68
posted on
12/02/2011 6:47:02 AM PST
by
SouthTexas
(You cannot bargain with the devil, shut the government down.)
To: napscoordinator
By June 2012, they are going to be saying the unemployment rate is 7.5....count on it. This has been part of the plan forever.
Yep. Reduce it little by little each month and the sheeple won't even notice it.
69
posted on
12/02/2011 6:47:22 AM PST
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: Eagle of Liberty
Whaddaya mean, “we’re NOW at war with Eurasia”?
We’ve ALWAYS been at war with Eurasia.
70
posted on
12/02/2011 6:48:28 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter knows whom he's working for)
To: The_Victor
Economy Creates 120,000 Jobs
![](http://t3.gstatic.com/images?q=tbn:ANd9GcR2_vhhKzyyQLkhu_2cFK0Tdjt1YcqUh4UBNqaWLI4KR8azBHXE47YNamOvfA)
![](http://vocuspr.vocus.com/vocuspr30/Publish/2454/vcsPRAsset_2454_113615_ac95e49e-4eec-434e-93ff-b2124f8d5c1d_0_Santa's_Wonderland_Preview_Night_Mesa_091.jpg)
71
posted on
12/02/2011 6:48:40 AM PST
by
COBOL2Java
(Obama is the least qualified guy in whatever room he walks into.)
To: JPJones
Let me throw this in the hopper: (http://www.zerohedge.com/news/gm-channel-stuffing-surges-all-time-record#comments). General Motors is building inventory much faster than it is selling cars. Sure, it saves jobs, good union jobs - for now. It sure must be nice to run a company when you really don't have to worry about the bottom line.
72
posted on
12/02/2011 6:49:09 AM PST
by
fhayek
To: GilGil
So then why are income tax receipts down 50%? Going Gault.
73
posted on
12/02/2011 6:52:26 AM PST
by
spokeshave
(Cain....100% American, 100% Black and 100% for the Constitution...999 an added benefit.)
To: MrB
Oh yes, you are correct. What else should we rewrite for the Dems today?
74
posted on
12/02/2011 6:53:05 AM PST
by
Eagle of Liberty
(Shaking My Head on a daily basis)
To: Mean Maryjean
This 8.6% number is legitimate as the imposter in the white hut!
75
posted on
12/02/2011 6:53:25 AM PST
by
RS_Rider
(I hate Illinois Nazis)
To: JPJones
Once again fewer new jobs are created than required just to keep even with population growth—so more would-be workers have to be classified out of the workforce.
At this rate, it is clear the Obama team has decided ‘bring’ the rate below 8% by next November.
To: fhayek
Ginger White got a big payday for lying about an affair with Herman Cain. That job will be over in about two or three weeks when she is shown to be a real live skank
77
posted on
12/02/2011 6:54:44 AM PST
by
bert
(K.E. N.P. +12 ..... Crucifixion is coming)
To: Eagle of Liberty
I believe they fall out of the numbers after their unemployment is used up. They are the U6 number.
There are those who haven’t looked for work in the last month....they are the “discouraged workers”, if I recall correctly.
There’s some other dodge in there, too. It’s something like “they haven’t ‘reported’ looking for work in the past month. It sounds like those who haven’t checked in.
78
posted on
12/02/2011 6:55:50 AM PST
by
xzins
(Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
To: littleharbour
“Sign on the White House: Abandon hope all ye workers who enter here. This is what is happening. The US workforce is moving from discouragement to despair. The welfare rolls will increase, as will the number of those working under the table. Obamas economy is Jimmy Carter malaise on steroids.”
THAT’S THE SIMPLE TRUTH!!!!!
To: The_Victor
there was a thread yesterday that applications for unemployment were over 400,000.
In what universe does the math of 120,000 “new” jobs outweigh the loss of 400,000, resulting in a lower unemployment rate?
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