Unemployment Drops To 10%
Tweet
The U.S. unemployment rate unexpectedly fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.
White House: On the Employment Situation in November
Payroll employment declined 11,000 in November. This is a dramatic improvement from the decline of 597,000 in November 2008 and 741,000 in January 2009. It is by far the closest we have been to stable employment since the recession began almost two years ago. Furthermore, the employment loss in both September and October was revised down substantially, with the result that employment as of October is nearly 160,000 higher than was reported last month. As was true in October, the largest employment gains in November were in temporary help services, which is often a leading indicator of labor demand. 21,000 jobs were also added in state and local public education. Both the work week and aggregate hours increased, another early sign of labor market healing.
>> Oil back above $77 on encouraging US jobs report
18 Responses to “Unemployment Drops To 10%”
Jennifer Aniston Reportedly Pregnant With Twins
PHOTOS: Tamara Ecclestone At The Langham Hotel
Red Front? “Center For American Freedom” Logo Echoes Communist Style
Romney Calls For Defunding Planned Parenthood, Wife Was A Donor
GOP Fundraising Email Asks Supporters To “Knock Out” Obama
Romney Comes Up Limp In Nevada
Obama Opens Lead On Romney In New Poll
What Time Is Super Bowl 2012 (Super Bowl XLVI)?
Latest Entries
Why Do Liberals Support Drone Strikes?
Weekly Standard Rolls Out The Iraq Argument For Iran
Equal Polarization, My Ass
Some Crazy Stuff That Happened In World War II
Maryland Republican Campaign Funds Used To Defend Voter Suppression
The Obama Jobs Record In One Graph
Martin O’Malley All In For Marriage Equality
Newt Gingrich, Filled With More Excrement Than Your Average Politician
New Year, Powerline Still Stupid
Thanks Again
Meta
Blogroll
Disclaimer
The views on this site are mine and mine alone, and do not reflect the views of my employer, Media Matters for America
© 2000-2011 Oliver Willis
Finally, George Bush’s tax breaks are starting to turn this economy around!
Funny, I was just thinking that the “stimulus” that was supposed to keep unemployment below 8% was finally doing some good.
Hey, sorry the jobs report contained less unemployment than expected. I’m sure you’re taking it hard. Why don’t you knock off early, grab a pint of fudge ripple, curl up with Mr. Fuzzypants, and watch last nite’s Hannity. Again.
This is no doubt excellent news for John McCain!
Good news for America = bad news for the right.
And without the Democrats spending over $100,000 per new job that pays about a quarter of that, who the hell knows where unemployment would be? Why, it might be as bad as nine percent!
Too bad the best of those jobs are in fictional Congressional districts…
The opposite is also true. See 11, comma, 9.
Bravo to Oliver. Not everyone would have the guts to post this obvious bit of horrendous news and try to pass it off as another “turned corner” when it comes to the economy.
Figuring out how to get bad news out of every story.
Priceless.
Some things money cannot buy. For everything else, there’s modern Republicans.
I wonder if any of our wingnut friends are familiar with the concept of the second derivative? Or possibly, that they are but pretend not to be because it would contradict the Rush Limbaugh talking points?
I am increasingly curious as to how they will handle job growth.
We’ll do the exact same thing we did in 1995: credit the incoming Republican Congressional Majority.
Since we are still losing jobs, where exactly do you see jobs coming from?
Who is going to start hiring with the uncertainties of health care, cap & trade, and tax increases looming?
Shorter wingnuts: “NOOOOOOOOOOOOOOOOO!!”
Thank you, william, for demonstrating my point at the top of this thread so perfectly.
HaHaHa…
Therein lies your denial of reality. So the incoming Congress gets to take credit for the prior Congresses work?
And only when the economy is improving?
Otherwise it’s Obama’s fault, right?
Just making sure I get the shitty logic straight.
With McCain/Palin, unemployment would be half that, the DJIA double, bin Laden dead, and a moose head would be in every pot. I know this because Jesus has given me magical superpowers. And liberals cannot ever have these powers.
If you are going to respond to every little blip on the economic radar screen as a significant sign of improvement or decline your neck is going to get pretty sore from the constant whiplash. Ollie is parroting the propaganda coming out of the Whitehouse. It doesn’t mean a thing one way or another, except that politicians are detached from economic reality and lie to us on an almost continuous basis but we already knew that.