Unemployment drops to 10.0% from 10.2% in November (link)

[jpak]

http://www.cnbc.com/id/34272339

Payrolls Fell Only 11,000 Last Month, Jobless Rate at 10%

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.

The Labor Department said the unemployment rate fell to 10 percent from a 26-1/2 year high of 10.2 percent in October.

The government revised job losses for September and October to show 159,000 fewer jobs lost than previously reported.

Analysts polled by Reuters had expected non-farm payrolls to drop 130,000 last month and the unemployment rate to hold steady at 10.2 percent.

<more>

[NNN0LHI]

1. link

http://www.marketwatch.com/story/unemployment-rate-falls-to-10-in-november-2009-12-04

[hlthe2b]

2. BS... there are so many unemployed who can't file for unemployment

for various reasons... The stats are just tip of the iceberg.

[Freddie Stubbs]

3. Perhaps, but the iceberg may me melting

[Lost4words]

6. you still have a job dont you!

and there IS a PONY under that pile!

[hlthe2b]

10. Why would you assume that?

[jpak]

12. Most people still do have a job

and according to the CBO the Bad-Obama-Stimulus-Bill-That Doesn't-Work saved or created 600,000 to 1.6 million jobs.

No DOOM for you

[hlthe2b]

16. Your assumptions are totally unfounded. I support Obama's efforts

I do not support white-washing the magnitude of a serious and continuing problem.

[jpak]

20. I do not support DOOM mongering Obama bashing

just sayin'

[hlthe2b]

22. Yet you are suggesting that I DO?

[HiFructosePronSyrup]

66. Suggest?

Unemployments down, and in your desperation to bash Obama you grasp at straws whinge about it.

[hlthe2b]

77. No, I have not bashed Obama. YOU ARE WRONG

Do you relish being so rude in your posts?

[Freddie Stubbs]

26. Yes, I do

But I am also an optimist.

[tonysam]

60. Right. Tell that to the 15 million chasing only 3 million jobs

The bleeding of jobs may be stopping, but it is small comfort for those of us who can't find any.

Obama isn't doing anything about job creation.

[NNN0LHI]

4. Need to read this page

http://www.bls.gov/cps/cps_htgm.htm

[hlthe2b]

13. I KNOW how they are measured and the inherent limitations...

Those limitations are often downplayed by press and administrations of BOTH political stripes.

[FBaggins]

5. Filing for unemployment has nothing to do with this stat.

Today's report is based on two surveys... neither of which takes benefits into account.

[jpak]

7. Unemploymwnt drops Waaaaaa!!!111 Waaaahhh!!111 Obama must fail!!!11

this can't be true!!!1111

:rofl:

[hlthe2b]

8. STOP it.. I don't want Obama to fail. I want our economy to improve

and I don't support doctoring the stats no matter who is in office.

[jpak]

17. Who is doctoring the stats? Link?

:D

[NJmaverick]

18. Those damn Obama worshipers are doing it

I bet half of the Obama lovers, who are out of work, don't even file for unemployment because they don't want their hero to look bad.


:rofl:

[hlthe2b]

21. Don't be an ass. Pointing out the inherent limitations in the methods

used to collect these stats is not an attack on Obama. It is an attempt to bring some accuracy to the discussion.

[FBaggins]

48. But it didn't "bring accuracy to the discussion"...

because your underlying assumptions were wrong.

[Statistical]

53. Broader U-6 number also fell (17.5% to 17.2%)

[jpak]

28. Rahm made me do it!

:rofl:

[tonysam]

So why are few jobs being created for the 15 million who need work?

Of course there is no answer. Obama has no plan to help them.

[Name removed]

15. Deleted sub-thread

Sub-thread removed by moderator. Click here to review the message board rules.

[Pirate Smile]

14. The unemployment number isn't based on people filing for unemployment. It is a phone

survey they do every month.

[hlthe2b]

19. How many unemployed have phones? How many EMPLOYED

have land line phones, rather than cell phones, which are not polled?

[jpak]

23. You are right - unemployment has really risen to 1000000%!!!!111

I just know it!!

:D

[hlthe2b]

24. Is this hyperbole really necessary?

[jpak]

25. Well - when good economic numbers are met with "BS!!" - some anti-BS hyperbole is required

yup!

[hlthe2b]

27. I see that yiou belong to the "NEVER QUESTION" category

Sorry to pop your bubble...

[jpak]

29. No - all the other economic metrics indicate the country came out of recession this summer

when the Bad Obama Stimulus Bill That Doesn't Work started pumping money into the economy.

GDP went from -6.4% in January to +2.4% in the 3rd quarter

Job losses have slowed dramitically

all leading economic indicators indicate recovery

unemployment has declined

what's to question?

(except for Obama of course)

[hlthe2b]

31. I resent your suggestion that I am an Obama antagonist...

I have been here since January, 2001 and I dare you to find posts that suggests that I am an anti-Obama drone. I agree that we are seeing economic improvement, but I do believe that unemployment figures continue to lag as an indicator.

Unless you want to discuss constructively, please put me on ignore. Your implications and accusations are unfounded, unwarranted and not anything I intend to entertain in future discussions. Good day.

[jpak]

32. but...but...but..the drop in unemployment is BS!!!

You said it yourself.

Why do you question this?

Because the Forces of Darkness (AKA the Obama administration that provided this data) have "doctored" the numbers?

Don't be surprised when people question your motives.

[hlthe2b]

34. I hope that the stats ARE true and represent a trend...

I do question the accuracy of this small improvement at this juncture, but I would love to be wrong. Time will tell.

[Wednesdays]

56. Man, I see jpak was attempting a 30-yard field goal...

Then it became a 40-yard field goal attempt...then a 50-yarder...

:rofl:

[tonysam]

63. If JOBS aren't being created, the stats don't mean SHIT.

Period.

[HamdenRice]

38. "the Bad Obama Stimulus Bill That Doesn't Work"

I think you mean, "teh evul Obama Stimlis Bill that Don't work and that is shoveling money out teh back dore of the Trezry no strings attashed to teh evil banksters!!!11"

:rofl: :rofl: :rofl:

:rofl: :rofl: :rofl:

:rofl: :rofl: :rofl:

[jpak]

43. verily I do

:D

[hlthe2b]

50. Wow, HamdenR

I think your point is that the stimulus bill is working (and i generally agree with that)... But, to make light of the failure to bring regulation back to the process and to downplay the mistakes made in insuring accountability within the TARP program? Granted that started with Bush* and I would defend Obama on that score... Nonetheless, is that really what you meant to convey? It surprises me, if so....:shrug:

[backscatter712]

51. U6 is also doing better.

It's at 17.2%, down from 17.5% last month, after seasonal adjustments & such.

Remember that U6 is the measure that includes "discouraged workers" "marginally attached persons" - all the folks who don't get counted in U3.

This is very good news.

[Birthmark]

9. Of course it did

You're gonna get that when the Civilian Labor Force (the basis for the U-3 unemployment rate) shrinks by 98000; the Labor Force Participation Rate shrinks; and Not in Labor Force increases by over 290,000. (Source: Bureau of Labor Statistics)

IOW, people are being shuffled off the work roles and are no longer reflected in the unemployment figures.

[dmallind]

39. Well the 227000 greater number employed probably helps a bit too. NT

[Birthmark]

58. Yes, it almost offsets the 294k that exited the work force.

[anigbrowl]

69. Well, yes it does.

I think within 3 months we'll see net gains in employment. It's a slow change from month to month, but things are improving.

[Birthmark]

70. You are certainly free to feel whatever you wish. :)

[NJmaverick]

11. Seeing how this is posted on DU I am sure there will be plenty of unrecs

good news for President Obama is unpopular here, even if it's good for the nation.

[jpak]

30. already unreced from Greatest Page status!

:evilgrin:

[NJmaverick]

36. Unbelieveable

Who ever thought there would be a day when dropping unemployment would be unpopular news at the Democratic Underground. What happened to the Democratic compassion for the working man?

[jpak]

45. Taken over by malcontents that want a liberal 3rd party to put the GOP back in power

so they can whine about everything with even more gusto.

my theory anyway

:evilgrin:

[NJmaverick]

47. I am afraid you could be correct

[optimator]

33. how the fuck is this good news?

11,000 people lost their jobs.
How do you get to a point in your life where you can possibly think it is good or it has anything to do with Obama?
Is this all a big game to you where everything has to be spun?
I'm repulsed.

[NJmaverick]

35. Unemployment drops is bad news?

that's a new one on me.

What is repulsive is people who's hatred has consumed them and now have lost touch with reality.

[tonysam]

62. That's not the issue, and you know it. There are few jobs out there

for those who are unemployed, and Congress and Obama are doing nothing about it.

[jpak]

37. Because in January 2009 - job losses were 600,000+ a month

Because the recovery is underway and unemployment is dropping.

THAT IS WHY IT IS GOOD NEWS.

ugh

[hlthe2b]

40. Sadly, your point is lost among those who are so sensitized

to the possibility of criticism of our current administration and who conflate anything less as overt attacks on Obama. I guess they are all fortunate enough to not be able to imagine themselves or anyone they know facing catastrophic effects of sustained unemployment. I wish we all were so fortunate.

[NJmaverick]

41. If only the current administration was Krugman, then you would "adore" them

[dmallind]

42. ...rm when unemployment goes down it's making it BAD news that's the spin

And 227000 more people have jobs. You can't just look at one end of the deal.

[Stinky The Clown]

44. Good nooz and childish responses.

[jpak]

46. yeah - when you call BS on doomers - it's "childish"

when you holler DOOM! - the adults are in charge.

yup!

[Stinky The Clown]

61. Oh its you

I should pay more attention to the OP authors.

:eyes:

Whatever, dood/ette........




on edit ..... I agree with you and the result is, you give me shit.

Go play with your Pom Poms.

[WI_DEM]

49. The thing about DU is with good news some will still bitch

any glimmer of hope that things might be turning around and the bitch squad will still bitch, bitch, bitch. There have been signs the last couple of months or so that the recession is ending. Yes, the recovery so far is weak, but this is also the worst downturn since the Great Depression and it will take time which some around here don't seem to understand. They think Obama with all he inherited could take a magic wand and make it better overnight.

[NJmaverick]

55. Yup when the stock market turned around we heard we should ignore that because it's about jobs

even though historically jobs are the last to rebound. No the jobless is starting to rebound and they complain it's not enough. It's amazing that crowd has credibility with anyone, at this point.

[redqueen]

64. Imagine if people took that same tack with other goals...

So what if you stayed on your diet today? You're still grossly overweight!

So what if you got a better job? You're still working for crap wages!


One wonders what the expected result of this kind of constant seeking out of the tarnished lining to every silver cloud is supposed to be...

[Statistical]

52. Also the larger U-6 fell from 17.5% to 17.2%

This number includes underemployed, and discouraged workers.

I was not expecting us to make the turn until spring or summer. Hopefully this holds.

[ipaint]

54. When they start creating good paying jobs for the working and lower middle class let me know.

Been waiting thirty years and through 2 useless re-trainings for that. The glimmer of hope somehow never makes it to those 55% at the bottom as Elizabeth Warren's numbers and studies prove.

http://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.html

The numbers do give the perpetually comfortable classes something to pat themselves on the back for. That's about it. Right now all it indicates is companies have downsized as much as possible, that has nothing to do with them hiring much less creating good paying jobs.

[jpak]

57. Vote liberal 3rd party 2012 and you will get a job and a pony!

smash the comforable classes!

eat the rich!

that's the spirit!

:rofl:

[Lost4words]

72. Thats really not funny. You must have missed something along the way.

[ipaint]

76. The rich will protect enough of the comfortable classes

and they in turn will continue to make sure the majority class of workers/wage slaves are laughed at and derided when vocally confronting the problem of the rich.

I'm sure they appreciate your diligence in mocking the real experiences and real concerns of the majority of working class americans.
Keep up the good work. :fistbump:

[FarLeftFist]

59. Does that mean....

That 90% of those who are eligible to work are working?

[Politics_Guy25]

65. The thing is that next yeatr the jobs will come

By quarter 2, we should be close to 9% or under I think. One thing that can't be denied is that the unemployment situation is finally starting to improve.

[Lost4words]

73. Hold onto that as long as you can.

[freddie mertz]

67. Not much to crow about. And much of the true number is hidden.

The real number is more like 17 %, and is probably still growing, since so few new jobs are being created.

[redqueen]

68. No, it's not still growing.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=7152816&mesg_id=7153214

[freddie mertz]

71. The December numbers will resolve this issue.

And believe me, I'd be very happy indeed to be wrong on this one.

[sponge_bob_128]

74. Change: Make government statistics non-garbage.

No Change: Keep the joke statistics (GDP, Inflation,
Unemployment) as they are.

Another "No Change/Do Nothing" Fail for Obama.

I heard they have to add 100,000 plus jobs just to keep up
with the new people.

How about give some piddly amount ($20-$100/month) to the
"non-unemployed" unemployed just so they can be
counted accurately.

[Deja Q]

75. Keeping fingers crossed!