November Employment/Unemployment

Nothing all that good really. The Bureau of Labor Statistics reported that payroll jobs grew by a rather paltry 112,000. The unemployment rate dropped a tenth of a percent. The expected number of new payroll jobs was 180,000, which is also not that great.

In looking at the Household Survey, employment increased by 483,000, but the labor force grew by 439,000 including 209,000 people who went from being out of the labor market to being back in the labor market.

FILED UNDER: Economics and Business
Steve Verdon
About Steve Verdon
Steve has a B.A. in Economics from the University of California, Los Angeles and attended graduate school at The George Washington University, leaving school shortly before staring work on his dissertation when his first child was born. He works in the energy industry and prior to that worked at the Bureau of Labor Statistics in the Division of Price Index and Number Research. He joined the staff at OTB in November 2004.

Comments

  1. vdibart says:

    I applaud the courage of conservative bloggers everywhere who wait until after the election to admit that the economy isn’t doing that well. It’s not like these numbers are any worse than they were 3 months ago.

  2. Crank says:

    The ranks of the unemployed are being artificially inflated by all those Bush Cabinet secretaries . . .

    vdibart: You are saying Steve should have blogged on the November unemployment numbers in October?

  3. Steve says:

    What is even more pathetic and highlights what an idiot vdibart is, is the fact that I have posted quite a bit that the economy isn’t in great shape prior to the election. Of course, you wont find those posts here, but on my own blog.

    Here is a post on Oct. 8th how the Sept. jobs numbers were at best so-so.

    Here is a post on August 6th on how the economy was slowing. In this one I note the poor jobs numbers, the downward trend in various leading indicators, and other things that pointed to a weakening economy.

    Another post on the weakening economy and lackluster jobs market.

    Another post.

    And yet another post

    Feeling stupid yet vdibart?

    Still another one

    I’ll stop there, but I think the point is quite clear. vdibart has his head so firmly ensconced in his nether region it is a minor miracle he can still breath.

  4. Steve says:

    What is even more pathetic and highlights what an idiot vdibart is, is the fact that I have posted quite a bit that the economy isn’t in great shape prior to the election. Of course, you wont find those posts here, but on my own blog.

    Here is a post on Oct. 8th how the Sept. jobs numbers were at best so-so.

    Here is a post on August 6th on how the economy was slowing. In this one I note the poor jobs numbers, the downward trend in various leading indicators, and other things that pointed to a weakening economy.

    Another post on the weakening economy and lackluster jobs market.

    Another post.

    And yet another post

    Feeling stupid yet vdibart?

    Still another one

    I’ll stop there, but I think the point is quite clear. vdibart has his head so firmly ensconced in his nether region it is a minor miracle he can still breath.

  5. Steve says:

    vdibart,

    Yes, that would be pretty cowardly…but luckily for me I have been blogging on the crappy jobs situation and the weak economy since at least June.

    Moron.