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U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. |
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
On 12/7/2012 8:57 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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. Yo Ho Ho. Thank Santa for the Christmas season job growth. You should really have your outlook on life evaluated by professionals. Perhaps there are some meds that can help you see things in a better light. Merry Christmas Krause. |
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
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U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
wrote in message ...
On Fri, 07 Dec 2012 08:57:13 -0500, 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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. I wonder what January will bring. I certainly do not see much good coming out of this cliff debate. Nobody is really willing to attack the deficit in any meaningful way. The GOP saying nobody's taxes should go up is as stupid as thinking bumping up the tax on the 2% will actually fix anything. The tax hike on the $250k people barely covers 68% of the FICA tax cut and leaves us bleeding worse than we were. It is definitely not going to save Social Security. ---------------------------- True. But the unemployment rate is phony! There was not a job growth, but more were taken out of the work force as they were assumed to not be searching for a job after their unemployment benefits expired. |
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
On 12/7/12 5:45 PM, Califbill wrote:
wrote in message ... On Fri, 07 Dec 2012 08:57:13 -0500, 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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. I wonder what January will bring. I certainly do not see much good coming out of this cliff debate. Nobody is really willing to attack the deficit in any meaningful way. The GOP saying nobody's taxes should go up is as stupid as thinking bumping up the tax on the 2% will actually fix anything. The tax hike on the $250k people barely covers 68% of the FICA tax cut and leaves us bleeding worse than we were. It is definitely not going to save Social Security. ---------------------------- True. But the unemployment rate is phony! There was not a job growth, but more were taken out of the work force as they were assumed to not be searching for a job after their unemployment benefits expired. Quick...get Mittster back in the bull(****) pen and warm him up! |
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
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U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
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U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
ESAD wrote:
On 12/7/12 5:45 PM, Califbill wrote: wrote in message ... On Fri, 07 Dec 2012 08:57:13 -0500, 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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. I wonder what January will bring. I certainly do not see much good coming out of this cliff debate. Nobody is really willing to attack the deficit in any meaningful way. The GOP saying nobody's taxes should go up is as stupid as thinking bumping up the tax on the 2% will actually fix anything. The tax hike on the $250k people barely covers 68% of the FICA tax cut and leaves us bleeding worse than we were. It is definitely not going to save Social Security. ---------------------------- True. But the unemployment rate is phony! There was not a job growth, but more were taken out of the work force as they were assumed to not be searching for a job after their unemployment benefits expired. Quick...get Mittster back in the bull(****) pen and warm him up! You drunk? You make less sense than usual. |
U.S. Added 146,000 Jobs; Jobless Rate Fell to 7.7%
On 12/7/12 8:42 PM, wrote:
On Fri, 07 Dec 2012 12:43:56 -0500, ESAD wrote: On 12/7/12 11:40 AM, wrote: On Fri, 07 Dec 2012 08:57:13 -0500, 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 jobless rate was the lowest since December 2008. Economists had estimated the Labor Department would report that only 86,000 jobs were created in November and that the rate of unemployment would remain flat at 7.9 percent. The strength of the numbers was all the more notable because many experts expected a muted jobs performance because of the impact of Hurricane Sandy, which hit the East Coast on Oct. 31. 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 labor market is very much in the recovery stage,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch, before the announcement. However, he added, “It’s a long way from full health with workers having little negotiating power when it comes to raises.” Average hourly earnings in November rose 0.2 percent, the report showed. Manufacturing jobs fell by 7,000. Economists have been closely watching the sector amid weak demand from Europe and signs that businesses in the United States are holding off on spending ahead of the fiscal impasse in Washington. - - - Pretty soon the economy will improve to the point where Scotty will be able to get a job emptying the outdoor trash cans at McDonald's. I wonder what January will bring. I certainly do not see much good coming out of this cliff debate. Nobody is really willing to attack the deficit in any meaningful way. The GOP saying nobody's taxes should go up is as stupid as thinking bumping up the tax on the 2% will actually fix anything. The tax hike on the $250k people barely covers 68% of the FICA tax cut and leaves us bleeding worse than we were. It is definitely not going to save Social Security. I don't recall reading where it was supposed to do that. Pray tell then, what is all this cliff bull**** all about if it is not trying to balance the budget. If this is simply to punish the successful for no good purpose, then I agree with Boehner. We really need massive cuts along with an across the board tax hike, perhaps to Clinton rates, maybe even Reagan rates but that has to be matched by cuts. I know it will be hard and we may be in recession again but a recovery would be real, not just another spike put on the credit card. We are going to eat this turd sooner or later, better sooner when we can have a bit of wiggle room than later when we are simply against the wall like Greece.. The solution for Social Security will be a long-term solution, not something that will be negotiated or forced in the next few weeks. A solution might be to get rid of the upper limit on income subject to SS taxes and to means test payments. |
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