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December 2, 2011

Rosy, but not too rosy: Today’s jobs numbers show modest upswing

  • 8.6% jobless rate in November, the lowest since early ’09
  • positive The economy added many more private-sector jobs in November than in prior months — 120,000 new non-farm payrolls, to be exact. A sign of recovery?
  • positive On top of this, the revised jobs numbers from September and October show that things were rosier than first estimated, meaning it’s a more substantial upswing.
  • negative However, the drop in unemployment partly came from an overall shrinking of the labor force. In other words, fewer people are seeking jobs. Bummer. source

» Political ramifications: The jobs numbers aren’t at a point where people have reason to be dancing in the streets, but cautious optimism is the name of the game. The GOP’s election platform could waver if the numbers get any better. Hence this response from House speaker John Boehner: ”Any job creation is welcome news, but the jobless rate in this country is still unacceptable.” What do you all think?

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12:39 // 2 years ago
August 5, 2011

Jobs report: More silver lining than cloud, but it’s still cloudy out

  • positive After a couple of fairly mediocre months, the latest jobs report from the federal government was fairly positive, showing a dip in unemployment to 9.1 percent and an increase in jobs.
  • negative Problem is, the report happened to come the day after a massive stock selloff that followed a week of non-positive economic data. And a debt ceiling crisis. And a weakened worldwide economy. source
13:46 // 3 years ago
May 6, 2011

April jobs numbers: Mostly good this time, but not completely

  • 244k the number of jobs added in April, according to fresh jobs numbers released today
  • 268k the number of jobs added specifically to the private sector, which drove the growth
  • 9% the unemployment rate, which is up slightly from March’s number, 8.8 percent source

» Overall, decent news: Economists largely feel that the numbers are positive this time around. One negative of note is the decline of public sector jobs, which fell by 24,000 last month. However, some economists note that certain numbers, such as weak construction numbers and a lack of growth in average work hours, give them pause. Still though, a few negative-looking economic reports from earlier in the week made these numbers look much better than expected.

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10:46 // 3 years ago