Posted on 12/02/2016 6:50:15 AM PST by SeekAndFind
The U.S. economy added 178,000 jobs in November, and the unemployment rate fell to 4.6 percent from 4.9 percent the previous month, according to new government data released Friday morning.
The first employment report after a contentious presidential election in which the candidates expressed diverging views of the health and direction of the economy showed a job market that is continuing to steadily strengthen from the recession.
“Overall, it’s a labor market that is continuing to improve, that has a decent momentum,” said Josh Feinman, chief global economist at Deutsche Asset Management. “So that’s certainly encouraging.”
Economists surveyed by Bloomberg News had expected U.S. employers to create 180,000 new jobs last month -- roughly in line with the average number added in the first 11 months of the year.
The unemployment rate fell to levels not seen since August 2007, before a bubble in the U.S. housing market began to burst. The fall was driven partly by the creation of new jobs and partly by people retiring and otherwise leaving the labor force. The labor force participation rate ticked down to 62.7 percent last month.
Average hourly earnings declined by 3 cents to $25.89. The decrease pared back large gains seen in October, but over the year, average hourly earnings are still up 2.5 percent, the Bureau of Labor Statistics said.
(Excerpt) Read more at washingtonpost.com ...
Lots of people got paid to protest the election results... hey, it's jobs, right?!
What category does “Paid anti-Trump Protestor” fall under?
Their goal is to jigger the number so low Trump can never beat it and it Obama will have handed him an economy that has full employment.
Never to be bested ever again......
Gee, I’ll bet this has nothing to do with seasonal holiday retail hires. Couldn’t possibly be. Nope. Because we NEVER see a jump in employment (especially part-time) in November every year.
They will save these and the market rally stats for the next 8 years to claim day after day that the economy was already in a strong recovery when Trump took over. Ba$tards.
We’ll all have TWO jobs!!! And there still will be ZERO unemployment!!!
It’s the biggest boom in American history!!!
That’s why Hillary won.
“Trump should release the real numbers soon after getting into office.”
ABSOLUTELY.
Day one he needs to clean out the government agency, and I mean clean it out, producing these numbers. The new head of this agency within 30 days needs to revise the unemployment number to reality and have a press conference revealing the TRUE unemployment rate in the US.
Failure to do this will allow the same clowns cooking the books to start publishing an INCREASING unemployment rate. At the midterm elections the news would be: Unemployment rate spikes higher under Trump.
CAN’T be allowed to happen.
The purpose of government is not to lie to its citizens. These lies actually hurt and distort economic activity. Just ask all those people who started green businesses during the 5-6 recovery summers that Obama lied about.
No, the jobs were probably added after Nov 8
This is the latest tactic. CNN the other night was claiming Hussein was leaving Trump a healthy economy and a resurgent labor force, neither of which are true. But after January, the Left will (finally) release honest economic news(which we all know will be bad), to blame Trump..
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