US jobless rate falls to 7.7 percent, a 4 year low, NBC reports | TigerDroppings.com
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Progress
Alabama Fan
Birmingham
Member since Nov 2012
245 posts

US jobless rate falls to 7.7 percent, a 4 year low, NBC reports

146,000 jobs were created in November.

Interesting.


mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
8932 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
The posters on here don't believe in polls.

But good for all of us!

and before I forget.. Forward!
This post was edited on 12/7 at 7:48 am


MoreOrLes
LSU Fan
Member since Nov 2008
18526 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

NBC reports


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Sounds like fools gold to me. With only 146k jobs added that is a strong indication of a shrinking labor force and a laboring economy.


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TROLA
LSU Fan
BATON ROUGE
Member since Apr 2004
7037 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
And another half million shredded from the work place. I want the employment rate to go down as much as anyone in the WAshington but not like this.
This post was edited on 12/7 at 7:54 am


VOR
New Orleans Pelicans Fan
Lap of Luxury
Member since Apr 2009
44995 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Not bad, but not an indication of a full recovery. Still, the economy is slowly improving. Some in Congress seem to be doing their best to make sure they come close to fricking it up in order to score political points for a lost political cause.


mmcgrath
LSU Fan
New Jersey
Member since Feb 2010
8932 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

NBC reports
CNN too. You know, all of those liberal news sites.
FOX News is just going to hold off on reporting such depressing news until 2016.

Of course the conspiracy will be that the Obama administration is doctoring the numbers to gain leverage in the Fiscal Cliff negotiations.


tylercsbn9
LSU Fan
Cypress, TX
Member since Feb 2004
56293 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
540k dropped out

Not exactly the way you want to recover, but par for the course lately
This post was edited on 12/7 at 7:54 am


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
More info:

quote:

Confused why the unemployment rate dropped? The same, favorite BLS adjustment - a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.
In terms of quality of jobs, the biggest gain was in retail jobs as expected in part of the Thanksgiving rush, which added +53K jobs, Professional and Business services rose by 43K, of which Administrative and Waste Services was +23K, and Hospitality and Leisure +23K: all los paying jobs. Construction jobs lost: 20K.



LINK





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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
This is such good news that obvious tax increases on the rich are in order.


baybeefeetz
LSU Fan
Member since Sep 2009
16464 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Where's the best place to go for historical analysis of the trends in the components of the unemployment rate?


CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
560 posts
Online

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Could this be the problem.

LINK



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NC_Tigah
LSU Fan
Member since Sep 2003
57892 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

The posters on here don't believe in polls.

But good for all of us!

and before I forget.. Forward!
Nonseasonally adjusted parttime employment is up.

If every month was December, our U3 numbers might even drop to 150% of the previous administration's average.

Forward indeed!


prplhze2000
LSU Fan
Parts Unknown
Member since Jan 2007
33312 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
participation rate. Look at it.


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

Not bad, but not an indication of a full recovery. Still, the economy is slowly improving. Some in Congress seem to be doing their best to make sure they come close to fricking it up in order to score political points for a lost political cause.



I predict we will double dip regardless if we go with the president's plan or the GOP's plan due to two key factors, 1. Obamacare taxes will start to kick in removing ~$100B from the economy and 2. Europe and China are headed for worsening economic times. The latter is beyond our complete control.


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constant cough
LSU Fan
Lafayette
Member since Jun 2007
42272 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Obama's done it again! He's turned this thing around!


Forward!



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GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

Where's the best place to go for historical analysis of the trends in the components of the unemployment rate?


bls.gov

You'll have to mine the data yourself however it's pretty easy because it's downloadable in excel format.

Also FED FRED is a awesome website for all types of economic data.


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TenTex
LSU Fan
Member since Jan 2008
14431 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
The majority of posters on the Poli Board sound like Fox News and Conservative Talk! Totally out of Touch with Reality!

Forward!!!


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
28581 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
quote:

The majority of posters on the Poli Board sound like Fox News and Conservative Talk! Totally out of Touch with Reality!


Is the reality of 540K dropping out of the labor force great news?

Is the reality of 110 million private sector jobs supporting 87 million government workers and welfare recipients good news?


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
18964 posts

re: US jobless rate falls to 7.7 percent, a 4 year low, NBC reports
Yeah if we could only get another 546K in workers to give up each month! Hell UE would be nonexistent! fricking brilliant! Forward bitches forward!


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