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amdx[_2_] amdx[_2_] is offline
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First recorded activity by BoatBanter: Feb 2012
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Default U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%

On 12/7/2012 7:57 AM, ESAD wrote:
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
By NELSON D. SCHWARTZ
NY Times

The government said Friday that employment growth was much better than
expected in November, with the United States economy adding 146,000 jobs
and the unemployment rate falling to 7.7 percent.


The Labor Department revised its job growth figures for October and
September downward.

Still, November’s net growth in payrolls was below the average of
170,000 new jobs added monthly over the course of August, September and
October.


The problem is, over 300,000 people turned 18yrs old in Dec. How many
of those do you think need jobs?
Those people aren't counted as unemployed because they were never
employed so the aren't on the unemployment rolls. Also the 300,000 does
not include immigrants legal or illegal.

From an ABC story;
Companies added 146,000 jobs, and the unemployment rate fell to 7.7
percent — the lowest in nearly four years — from 7.9 percent in October.
The rate declined "MAINLY BECAUSE PEOPLE STOPPED LOOKING FOR WORK" and
weren't counted as unemployed.

Last I saw 76% of all jobs create were government jobs.
mIKEK