US Unemployment: Recovering?

[mklsgl]

U.S. recovery appears firmer as unemployment drops

WASHINGTON — U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the U.S. dollar and global stock prices on signs of a stronger economic recovery.

The economy shed only 11,000 jobs in November, well below the 130,000 loss financial markets had braced for, while the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent, a government report Friday showed.

The labor market improvement was broad based as the number of job losses in September and October was also revised down by a total of 159,000, according to the Labor Department.

"These numbers are almost too good to be true," said Tom Sowanick, chief investment officer at the OmniVest Group in Princeton, New Jersey.

U.S. stocks shot up, with key indexes rising more than 1 percent, while global stocks erased losses. U.S. Treasury debt prices fell and the dollar firmed as traders speculated the data could lead the Federal Reserve to raise interest rates sooner than had been thought.

"We're almost back to normal," said Chris Rupkey, chief financial economist at Bank of Tokyo/Mitsubishi UFJ in New York. "The economy is lifting at a much greater rate than expected."

Analysts had expected the unemployment rate to hold steady at a 26-1/2 year high of 10.2 percent.

Read the rest of the article here

Okay, Aroces, et al, you may begin to criticize and complain about this!

[UltraThunderMan]

This is really good news, let these folks get their paper.

[MissMelsWell]

Now if only I could find a job.

Anyone need a very experienced Web producer/content manager, site manager? I'm like totally available. LOL. Get me now while I'm still cheap. LOL.

[AROCES]

Okay, Aroces, et al, you may begin to criticize and complain about this!

Oh you bet!

First - When Bush said that the foundation of the economy is still intact you lefty was quick to yell he has no clue and blah! blah! blah!

Second - When the left was saying that we were in a deppression and the country was ruined, I have repeatedly said it is an economic slow down. And the left are just trying to make it look really really bad to win the election and cover for Obama in case he fails.

Third - A recovery will happen without a doubt from where it is now, now the question is what kind of a recovery will Obama's economic policies result into?

I say Obama's policies can do no better than 7% unemployment for it is geared towards government jobs and as you can see Obama now is asking for ideas how to generate private sector jobs. Bush did it with tax cut and unemployment bottomed at 4.5% and resulted to a 49 months of economic growth.

As you can see, a time for celebration is not appropriate at the moment.

[THE MATRIX]

U.S. recovery appears firmer as unemployment drops

WASHINGTON — U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, lifting the U.S. dollar and global stock prices on signs of a stronger economic recovery.

The economy shed only 11,000 jobs in November, well below the 130,000 loss financial markets had braced for, while the unemployment rate unexpectedly dropped to 10 percent from October's 10.2 percent, a government report Friday showed.

The labor market improvement was broad based as the number of job losses in September and October was also revised down by a total of 159,000, according to the Labor Department.

"These numbers are almost too good to be true," said Tom Sowanick, chief investment officer at the OmniVest Group in Princeton, New Jersey.

U.S. stocks shot up, with key indexes rising more than 1 percent, while global stocks erased losses. U.S. Treasury debt prices fell and the dollar firmed as traders speculated the data could lead the Federal Reserve to raise interest rates sooner than had been thought.

"We're almost back to normal," said Chris Rupkey, chief financial economist at Bank of Tokyo/Mitsubishi UFJ in New York. "The economy is lifting at a much greater rate than expected."

Analysts had expected the unemployment rate to hold steady at a 26-1/2 year high of 10.2 percent.

Read the rest of the article here

Okay, Aroces, et al, you may begin to criticize and complain about this!

Biggest load of CROCK! Economy is not yet recovering until the jobs come back. The only reasons job cuts slowed is due to the fact that there really isn't much else to cut. Companies have already laid off most of their workers already. The unemployment rate is not really accurate anyways. It doesn't count people who have quit looking for work and their benefits ran out or count people in temporary jobs. The real unemployment rate is close to 16%-17%. Stocks are way over priced and do not reflect market fundamentals.

SO I SAY AGAIN DON'T READ INTO THESE MISDIRECTED NUMBERS! THE ECONOMY IS NOT REALLY RECOVERING!

[THE MATRIX]

Oh you bet!

First - When Bush said that the foundation of the economy is still intact you lefty was quick to yell he has no clue and blah! blah! blah!

Second - When the left was saying that we were in a deppression and the country was ruined, I have repeatedly said it is an economic slow down. And the left are just trying to make it look really really bad to win the election and cover for Obama in case he fails.

Third - A recovery will happen without a doubt from where it is now, now the question is what kind of a recovery will Obama's economic policies result into?

I say Obama's policies can do no better than 7% unemployment for it is geared towards government jobs and as you can see Obama now is asking for ideas how to generate private sector jobs. Bush did it with tax cut and unemployment bottomed at 4.5% and resulted to a 49 months of economic growth.

As you can see, a time for celebration is not appropriate at the moment.

Really AROCES? Is that the only real argument you have? 49 months of economic growth? Really pathetic when the entire Recession happened under BUSH's watch.

Edited December 4, 2009 by wolfram&hart12345

[AROCES]

Really AROCES? Is that the only real argument you have? 49 months of economic growth? Really pathetic when the entire Recession happened under BUSH's watch.

It's not an argument, it's just a fact you have to deal with as you try to champion Obama.

By the way, the economy tanked as well on the last year of Clinton, that was under his watch. Pathetic then as well?

Edited December 4, 2009 by AROCES

[THE MATRIX]

It's not an argument, it's just a fact you have to deal with as you try to champion Obama.

By the way, the economy tanked as well on the last year of Clinton, that was under his watch. Pathetic then as well?

The only difference between Clinton and BUSH is that Clinton didn't bring the rest of the world's economy down with it nor did Clinton rob the American taxpayers and bailed out the Wallstreet Fatcats..

[AROCES]

The only difference between Clinton and BUSH is that Clinton didn't bring the rest of the world's economy down with it nor did Clinton rob the American taxpayers and bailed out the Wallstreet Fatcats..

Thursday, September 25, 2008

By Staff <br class="clearer">

(CNSNews.com) - In an interview with CNSNews.com video reporter Nick Ballasy Wednesday night, former President Bill Clinton said it was possible that the U.S. government could earn a profit from the proposed $700 billion bailout of the financial industry.

[THE MATRIX]

Thursday, September 25, 2008

By Staff <br class="clearer">

(CNSNews.com) - In an interview with CNSNews.com video reporter Nick Ballasy Wednesday night, former President Bill Clinton said it was possible that the U.S. government could earn a profit from the proposed $700 billion bailout of the financial industry.

What can't post the link? If you really think the US government is going to earn a profit you are dead wrong. And while these financial institutions have our money, they are using it to rake in record profits for bonuses. So you can thank good old CROOKED Bush and his Republican Cronies for that.

[questionmark]

Well guys, from the little I know, if payrolls are being reduced month after month and at the same time the un employment rate is sinking we either have lots of people dying lately or someone is calculating himself happy. As ther is no increase in obituaries I suspect its the latter.

[StoneAgeQueen]

I wonder when our unemployment is going to recover? It's impossible to find a good job right now. Thousands of people apply for one position. That's how I ended up doing Tech support for Sky broadband.

[AROCES]

What can't post the link? If you really think the US government is going to earn a profit you are dead wrong. And while these financial institutions have our money, they are using it to rake in record profits for bonuses. So you can thank good old CROOKED Bush and his Republican Cronies for that.

There is enough info on the source , so look it up if you want to.

Billy Boy think what old crook Bush and his republican cronies did is positive, I think you are merely sour that you dont have millions.

[ExpandMyMind]

LOL

that's comical - people blaming american presidents for economic collapses.

like they actually have any control...

[Caesar]

The largest sector that gained jobs was government but don't worry, the Messiah had a job summit in DC with companies that donated to his campain and with the unions and with people connected with green jobs.

[AROCES]

The largest sector that gained jobs was government but don't worry, the Messiah had a job summit in DC with companies that donated to his campain and with the unions and with people connected with green jobs.

Very true.

The recovery that will happen won't be that significant for Obama and the democrats are insisting on green industry, ignoring the fact that there is not enough market for any economic boom on it. They think they can create a market for it.

They will force the demand through government mandates and requirements, and then the business suffers and cost goes up and they will blame the greedy rich again.

[AROCES]

LOL

that's comical - people blaming american presidents for economic collapses.

like they actually have any control...

Quite true, economy is a cycle.

But it is the Presidents job to make policies to encourage growth during an economic slow down.

Edited December 5, 2009 by AROCES

[Caesar]

Thats true, but unions don't come to mind when your talking about job creation. government jobs now make up for more then any other sector in terms of unions. another words over 50% of union jobs are government jobs. it seems like the messiah wants that number to go up.

[mklsgl]

Anyone who follows sports knows what the phrase 'hollow statistics' means. That's what I think this US unemployment article is full of. For those who don't know 'hollow statistics,' it's pretty much what it seems like. A good example would be a boxing match where one boxer throws and lands 300 punches for a 100% "score" but the other boxer throws 100 punches and lands 25 of them for a 25% "score"; however, 1 of his 25 is a perfect uppercut to the opponent's jaw causing a 'Knock-out' victory. The boxer with the better stats lost, hence "hollow statistics."