Watch Live: Congressional Hearing on IRS Scandal

Live Now on TheBlaze Radio: ‘The Buck Sexton Show’

Business

Jobless Rate Falls to 7.7 Percent

Dec. 7, 2012 8:32am

U.S. employers added 146,000 jobs in November, decreasing the unemployment rate from 7.9 percent to 7.7 percent.

However, this number is due mainly to a decrease 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,” Zero Hedge notes.

Unemployment Rate Falls to 7.7 Percent

Courtesy ZH

The Labor Department on Thursday said Supertorm Sandy did not significantly affect the numbers, contrary to what many had expected.

But the government said employers added 49,000 fewer jobs in October and September than initially estimated. And the unemployment rate fell from 7.9 percent in October mostly because more people stopped looking for work and weren’t counted as unemployed.

“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,” Zero Hedge notes. “Construction jobs lost: 20K.”

Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. Obviously, this is not enough to help combat chronic unemployment.

Follow Becket Adams (@BecketAdams) on Twitter

The Associated Press contributed to this report.

In CONTROL, Glenn Beck presents a passionate, fact-based case for guns that reveals why gun control isn’t really about controlling guns at all; it’s about controlling us. Find out more HERE.

Comments (107)

1 2
  • Beckster2
    Posted on December 7, 2012 at 9:33am

    What a phony report.

    Report this comment

    Beckster2  
    • JRook
      Posted on December 7, 2012 at 11:12am

      And obviously beckett will make it sound as bad as possible. Can’t wait to see how he handles it lowering to 6% with more of Rick Perry’s minimum wage jobs.

      Report this comment

      JRook  
    • doomytram
      Posted on December 7, 2012 at 11:30am

      Obozo’s USSA is moving forward. Gov’t jobs make up 73% of the the jobs in the last 6 months. The Private sector is doing fine, says Obozo.

      Report this comment

      doomytram  
    • December7
      Posted on December 7, 2012 at 12:34pm

      This is the greatest sin of the Obama administration, four years into a recovery and people think 140k jobs is decent. In a regular economy we add over 200k a month and during the Reagan recovery there were months when a million jobs were added. Read fresh political commentary at: http://smallcraftadvisorychronicles.blogspot.com/

      Report this comment

      December7  
    • Southerner01
      Posted on December 7, 2012 at 1:54pm

      Left out from this article is the fact that 542,000 people gave up and stopped looking. Yes, it does mention that people gave up, but that number is huge compared to the number of “new jobs created”. The new jobs had no impact on the unemployment rate, the people giving up did. Right now, the workforce participation rate (percentage of working age adults working) is still below 64%, the lowest we have seen since 1981. This is even worse than it appears, because female representation in the workforce has been increasing over that period, and the numbers before 1981 appear low because more women were voluntarily opting out of the workforce.

      Report this comment

      Southerner01  
    • DadRocked
      Posted on December 7, 2012 at 9:28pm

      So why in hell,
      Is this USAF ‘Nam vet,
      Glowing reviews,
      Former cop (USAF & Civilian 16+yr)
      College grad,
      Now bean counter (20+yr accounting) Unemployed for 13 months,
      Living in the alleged most job available D.C. area, who doesn’t give a rat’s a*s about the rest of the country,
      Working as a UPS ‘jumper’ drivers helper for $10.50/hr?

      Oh yeah, because our government says all is well… My rant is now unjustified…

      Who are they crappin’ ?

      Report this comment

      DadRocked  
    • MIBUGNU2
      Posted on December 7, 2012 at 10:56pm

      More obama “Fuzzy Math” just wait till Feburary / March the true
      numbers will come out… and the 47% will go up to 53%………

      Report this comment

      MIBUGNU2  
    • Keatonc33
      Posted on December 7, 2012 at 11:02pm

      So just to be clear the main problem with the Obama recovery is that he isn’t cleaning up the mess your votes left us with fast enough?

      Report this comment

      Keatonc33  
    • MIBUGNU2
      Posted on December 7, 2012 at 11:19pm

      The 53% that voted for him will believe ANYTHING these
      corruptocrats say…see what it looks like by Summer.

      Report this comment

      MIBUGNU2  
    • G-WHIZ
      Posted on December 8, 2012 at 11:14am

      As it is now as it forever will be. Every seasonal event has a temporrary rise in employment. The next day or two, after, unemploynment goes back up to where it was just-before!
      The PROGS are giving you the same fake-medicine called [ HALFTHESTORYTOUS ]!!

      Report this comment

      G-WHIZ  
    • Salamander
      Posted on December 8, 2012 at 6:37pm

      And, THIS was called ‘an upbeat jobs report’? It’s just more lies from our delusional administration! He’s just hoping to hold on long enough to blame it on the next guy, just like he spent his first term blaming it on the last guy!

      Report this comment

      Salamander  
    • Keatonc33
      Posted on December 8, 2012 at 7:15pm

      G-wiz. when you factor in the impact of Sandy It’s looking pretty good. unemployment at its lowest since Bush left. can’t we just be happy our country is improving instead of trying to find arbitrary negatives. we are Americans after all!

      Report this comment

      Keatonc33  
  • jasonsmommy
    Posted on December 7, 2012 at 9:32am

    I think we just need to wait until February. That is when the real numbers will show what is happening. But look at the bright side now we can spend more money. That is what ABC is telling us now.

    Report this comment

    jasonsmommy  
    • MIBUGNU2
      Posted on December 7, 2012 at 11:43pm

      Yea, I’m going out shopping and I’m going to max out every
      card I have, just to make the Economy look good !!! spend,
      spend, spend …Hell I might take a trip to Hawaii to see BO..
      Cruise Ship back and spend, spend, spend..times are looking
      good…and when I get back, I’ll look for a new job.. the #’s
      say I’ll no problem finding a high $$$$$ job, times are good !!
      Obama tell me so. “The Private Sector is doing OK”

      Report this comment

      MIBUGNU2  
  • freenj
    Posted on December 7, 2012 at 9:24am

    Any chance a meteor hits sodom and gomorrah (DC) on inauguration day? It doesn’t have to be a whopper, just big enough to……., problem solved.

    Report this comment

    freenj  
  • Canada_Goose
    Posted on December 7, 2012 at 9:23am

    As usual good news for the country is bad news at the Blaze, FNC, and Rick Santelli’s head will probably explode this morning.

    Recall during the Bush years unemployment was below 6% and nobody, least of all conservatives, questioned the BLS reports despite a lackluster economy and less than stellar GDP growth.

    Report this comment

    Canada_Goose  
    • hauschild
      Posted on December 7, 2012 at 9:29am

      Do you also still believe in Santa Claus and the Tooth Fairy???

      Man, you people are something else.

      Report this comment

      hauschild  
    • Gary_K
      Posted on December 7, 2012 at 9:29am

      take a look at the dollars value…..http://www.shadowstats.com/alternate_data/dollar-index-charts

      all is well, right???

      idiot

      Report this comment

      Gary_K  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:31am

      So, to be clear. Are you suggesting that there are more jobs? (Full time jobs?) Do you believe the labor market is improving from an empirical standpoint based on population, wages, and government expenditure? The defacto outcome from your argument is that the numbers are legit and things really are better. Let’s talk about that and see if that is really the case. Whaddya say?

      Report this comment

      Rothbardian_in_the_Cleve  
    • ArmedAndReallyPissed
      Posted on December 7, 2012 at 9:34am

      Some people tend to voice themselves more when their Country is controlled by a Communist who watched Americans die and then lied about it. Must be 8 A.M., time for the TROLLS to clock in and go to work.

      Report this comment

      ArmedAndReallyPissed  
    • VRW Conspirator
      Posted on December 7, 2012 at 9:42am

      Canada
      what you fail to realize is that 147,000 jobs being “added” to the economy is about equal to the number of people that turn 18 every month…the US economy has to add about 150,000 just to stay even with the people that are dying or retiring each month. SO….how can staying EVEN make the numbers go down? Please explain your math…or their math as it happens to be…

      Now…buried in the Jobs Report is how many people have used up their 99 weeks of unemployment and are no longer able to claim benefits yet still haven’t found a job..part time or full at any salary… this is the Drop Out number…which is being reported Drudge Report as 540,000….SO if you take the Drop Outs with the Jobs and you get 687,000 which is how the Labor Department calculates the NEW unemployment numbers….

      the Labor Department doesn’t just use the jobs “added” but also the total looking and currently employed…if you use ALL people between the ages of 16-65 that are capable of working (ie not TRULY physically or mentally disabled) then the TRUE unemployment number has remained constantly between 10.5-11.5% since Jan 2009 and the aftermath of the Housing collapse and the Banking fiasco…

      the economy is limping along barely keeping up with population growth and retirement/death rates… oh yeah…that is SO much better than under 5% TRUE unemployment and 2.5% growth under Bush’s 8 years….

      Report this comment

      VRW Conspirator  
    • VRW Conspirator
      Posted on December 7, 2012 at 9:47am

      @Haus…

      I believe in Santa Claus and the Tooth Fairy…with all my heart…I try and be them for my children and keep that spirit and magic alive for them…
      I believe in them because I am them to my children even if they don’t know that…and I hope to keep that knowledge from them for as long as possible…

      I know that isn’t what you mean…but don’t bash Santa and the Tooth Fairy…you might have to be them some day… =)

      Report this comment

      VRW Conspirator  
    • Canada_Goose
      Posted on December 7, 2012 at 10:04am

      You’re missing the point.

      I am just commenting on the upside down world of conservative commentary.

      There is a certain strange glee when economic metrics are negative and a sense of incredulity when they are positive. I am not suggesting that it’s not difficult to find a job, but your chances are certainly better in an environment when there is net job creation than when the economy is shedding 500k jobs a month.

      Report this comment

      Canada_Goose  
    • allandwd
      Posted on December 7, 2012 at 10:08am

      Go back to Canada please! You have no clue !…you don’t need to look at these phoney B.S. job numbers to see where this country is going. There’s alot of suffering going on out there. And I ‘am one of them! Trust nothing coming out of that crap hole called Washington and this socialist/marxist administration. It’s all propaganda…

      Report this comment

      allandwd  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 10:38am

      @Canada,

      I seem to remember similar glee from the left regarding military deaths. Every night they ran on the evening news, often as the lead story. Then when the anointed one took office it suddenly stopped. All of the “doves” suddenly left the streets and put down their signs. The news stopped reporting. Then when Owebama expanded the wars such that we have now attacked 6 sovereign nations, expanded our presence in Afgahnistan and left Iraq only because we were told to by their government, and that military deaths in Afghanistan were higher under O. All of that and not a peep. Doesn’t run on the news and I haven’t seen a single “dove” in the street protesting. Where’s Cindy Shehan?

      Report this comment

      Rothbardian_in_the_Cleve  
  • Leslie Anne
    Posted on December 7, 2012 at 9:22am

    Also, 2+2 = 5 and the chocolate ration went up to 25 grams.

    Report this comment

    Leslie Anne  
  • ColdironConservative
    Posted on December 7, 2012 at 9:20am

    I have a Masters degree in Business and moved back to Florida recently and have been actively applying for jobs for 4 months. Positions ranging from 9/hr to 60k a year and have been called for just one interview and did not get the position. I spoke to an HR rep and she said they can hire people for far less than the salary ranges offered because the pools are so large. I have worked since I was 15 and I am 39 and I am scared that I can’t find a job. I think people are giving up. I know we have had to change our standard of living.

    Report this comment

    ColdironConservative  
  • 3Tesla
    Posted on December 7, 2012 at 9:18am

    Once you have collected 99 weeks of unemployment you are unemployable. You will be steered to disability and no longer counted as unemployed. These numbers are a joke and EVERYONE knows it..

    Report this comment

    3Tesla  
    • Wiley41
      Posted on December 7, 2012 at 7:25pm

      Spot on.

      Heard hypoworkosis is a new disability claimable under social security.

      Oh wait I was joking but may have given the proctors a new idea……sorry everyone

      Report this comment

      Wiley41  
  • RIGS
    Posted on December 7, 2012 at 9:10am

    If you believe these numbers from obamas people then you believe he will go republican after new years.

    Report this comment

    RIGS  
  • progressiveslayer
    Posted on December 7, 2012 at 9:08am

    Yes your typical simpleton obamazombie will believe the propaganda the feds put out,anything to make the ‘ONE’ and his destructive anti-capitalist policies look good.We have the worst economy since our first depression and we’re supposed to believe these BS numbers?

    Report this comment

    progressiveslayer  
    • ArmedAndReallyPissed
      Posted on December 7, 2012 at 9:28am

      Yeah Slayer, can you imagine how the MSM will yell at the top of their lungs tonight about this “great” news ! I haven’t watched the National evening news since the stolen Election. Might have to tune in tonight the watch the Circus.
      OK…..about time for the TROLLS to clock in. Get ready.

      Report this comment

      ArmedAndReallyPissed  
  • Ironeagle
    Posted on December 7, 2012 at 9:03am

    Does anyone honestly believe this unemployment figure?

    Report this comment

    Ironeagle  
  • PatriotofPast
    Posted on December 7, 2012 at 9:02am

    Those Numbers are as Phoney as the man sitting in the Oval Office!
    Manipulation, thats the ONLY thing Obama knows how to do. And the SAD part is, most people go for it! No One speaks up or Challenges him… Why?

    Report this comment

    PatriotofPast  
    • neverending
      Posted on December 7, 2012 at 9:11am

      Millions go for it – tragically and I would change phoney to just another out and out lie!

      Report this comment

      neverending  
    • NDCORUP
      Posted on December 7, 2012 at 9:42am

      “And the SAD part is, most people go for it! No One speaks up or Challenges him… Why?”

      Sounds a bit CT, but being Christian , and frustrated at the American People, I’m tending to conclude that the man (obama) is guided and protected by Satan. I think more folks are starting to suspect that.

      Report this comment

      NDCORUP  
    • Wiley41
      Posted on December 7, 2012 at 7:36pm

      Patriot,

      No one challenges him because he is Black. There I’ve said it. I was not alive for slavery, I was not alive for Jim Crow, I was not alive for Civil Rights, but born in the 1970s my entire life have faced a wall of affirmative action and was always taught by school and society that all problems in this country and the world were my fault ( yep I’m white, male, straight, Christian ). And I said nothing. Couldn’t even think to challenge it or even whisper a question of whether reverse racism (writ: racism) was morally correct. That is what we have today. 40+ years of never being able to question a black man so we let a socialist destroy this country for fear of bearing outcast ourselves.

      I’m done with the pc. He’s black. Get over it America. More importantly he’s a socialist, unqualified, poorly educated (yes I know what schools he went to and I contend attendance does not mean success ), liar, thief, traitor, did I say pathological liar, egomaniac, bent on destroying this country.

      Report this comment

      Wiley41  
    • Onesimus
      Posted on December 9, 2012 at 12:19pm

      God bless you for saying it so directly Wiley41.

      Got beat out of a MCCEP appointment back in ’82 by a fellow who only had me beat on melanin count. Sad thing is two weeks later he popped positive on a whizz quiz. He was able to persuade his battalion CO that there must be some mistake, so they swept it under the rug. About a month after that he was busted on a gate search with a couple of baggies of weed. That time he went to the brig.

      Report this comment

      Onesimus  
  • TheMajority
    Posted on December 7, 2012 at 8:58am

    Top link on Drudge.

    540,000 drop from labor force. I think that means they ran out of benifits, and are no longer counted

    http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77

    Report this comment

    TheMajority  
    • just the facts
      Posted on December 7, 2012 at 9:10am

      You are correct. And lets not forget that if a person workes 1 hour in a week and draws a payroll check, then that number counts as ‘employeed’.

      obummer is using all numbers ‘favorable’ for his benefit while all numbers unfavorable just left out. He is controlling these figures bu adjusting the format(s) in which they are derived.

      All, ALL of the numbers coming out of Washington under his administration are skewed for possitivity of appearance. They are all a deception, just like the words he says.

      Report this comment

      just the facts  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 10:56am

      More from Drudge….the icing on the cake is that 73% of the “new jobs” are GOVERNMENT. Ha!!!!!!

      http://cnsnews.com/news/article/73-new-jobs-created-last-5-months-are-government

      Of course the source is BLS, so maybe they are lying about that too. Maybe it’s 90%. :-)

      Report this comment

      Rothbardian_in_the_Cleve  
  • NigelTufnel
    Posted on December 7, 2012 at 8:58am

    With the weekly numbers and 4 week average spiking up recently it’s tough to see how the unemployment rate could drop .2 points in a month. It’s actually dropped a full half a point since August. 8.2 to 7.7. But if you just look a little closer it is because the first wave of “99 weeker’s”(for lack of a better term) have started running out of unemployment so they are no longer counted. Two years ago this group was responsible for the rate spiking up from 8.4 to 8.8 and subsequently the extra 18 months of federally supported unemployment has cost the taxpayer 400 billion and counting. Now with only 146,000 jobs being added a month(both full and part time) there are not enough jobs being created to accomodate both the new workers coming into the workforce and the ones coming off unemployment. It’s no wonder Obama is pushing for more stimulus. As the months go by he will come under intense pressure to find something for these people to do. As a socialist he either add’s more government jobs and spending or lengthen’s the unemployment draw once again. Watch closely.

    Report this comment

    NigelTufnel  
  • Gary_K
    Posted on December 7, 2012 at 8:53am

    The government is lying again….

    http://www.dailyjobcuts.com/

    http://www.bls.gov/emp/ep_table_303.htm

    http://www.breitbart.com/Big-Government/2012/12/06/370k-jobkess-claims-gallup-unemployment-jump

    Report this comment

    Gary_K  
    • tifosa
      Posted on December 7, 2012 at 9:00am

      Gallup also had Romney up 5 points. lol!

      Report this comment

      tifosa  
    • Gary_K
      Posted on December 7, 2012 at 9:02am

      http://www.shadowstats.com/alternate_data/unemployment-charts

      Report this comment

      Gary_K  
    • Ross Blankert
      Posted on December 9, 2012 at 7:51am

      I have a degree in Statistics and it is relatively easy to fool people with a chart on what you want something to look like. There is a book called “How to lie with Statistics”. The question is why would someone pursue policies which would knowingly destroy an economy? Every thing that has been done has been done deliberately. Some call it incompetent but I don’t think so. It is been consistent. You can’t be wrong all the time unless you are trying. A stopped clock is right twice a day. If this is true, then the question is why would the president try to destroy the economy of the country he is elected to be president of? People say he is trying to do better and blame everyone before him and some folks around him and the weather and Europe etc. It is all done on purpose.
      The communist system requires the government to be in charge of everything. It does not allow capitalism. If you want to install communism, you must destroy capitalism. The president is a communist. To be a good communist, you must destroy capitalism. I am about three steps ahead of Wall Street bankers and way ahead of a bunch of foolish politicians. They still buy into Obama loving the country. He promised a fundamental change in the country. He is bringing it. What does this mean for bankers and other politicians? Stalin killed everyone that helped him because they knew too much. Millions of Americans will be killed who oppose this fundamental change. Civil war is coming.

      Report this comment

      Ross Blankert  
  • randy
    Posted on December 7, 2012 at 8:51am

    Who is stupid enough to believe this cr@p Washington feeds us through Pravda US?

    Report this comment

    randy  
  • cdn1979
    Posted on December 7, 2012 at 8:50am

    you’re all like rats caught in a maze. running around with nowhere to go. keep complaining for the next four years. its funny. even good news is bad news if obama did it, right? thank you for my friday morning humor. its nice to know you’re all bent out of shape and crying and can do nothing about it. you deserve nothing more.

    Report this comment

    cdn1979  
    • contkmi
      Posted on December 7, 2012 at 8:54am

      Not real bright, are you? The number dropped because PEOPLE STOPPED LOOKING FOR WORK! Is that supposed to be a good thing? They freaking dropped out of the labor force. They didn’t find jobs.

      Report this comment

      contkmi  
    • cdn1979
      Posted on December 7, 2012 at 9:02am

      maybe if they weren’t useless unskilled people they would have a job. if you’re uneducated the least you can do is learn to ask me if i’d like fries with my burger. there is opportunity everywhere. get a clue than get a job. i don’t count quitters.

      Report this comment

      cdn1979  
    • NigelTufnel
      Posted on December 7, 2012 at 9:03am

      These are the first wave of “99 weekers” coming off of unemployment. They were the reason the rate spiked up two years ago and now they are the reason for it coming down. If you do the math 146,000 jobs is not enough to keep up with the new labor force let alone the increased amount of people coming off of unemployment. The unemployment rate continues to come down but the employment rate has actually gone down .1 point. That’s not a good equation.

      Report this comment

      NigelTufnel  
    • BODYBAG
      Posted on December 7, 2012 at 9:07am

      540,000 people drop from labor force = 7.7%

      http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77
      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.

      Hey GOP, if any of you have any b@lls you’ll tell that POS Kenyan mulatto dictator to shove it up his
      arse and let the whole thing go off the cliff. Give those progressive communist MF’ers the middle finger.
      Once it all comes crashing down setting in motion the the riots and violence —– then we can clean up
      100 years of progressive garbage.

      Signed:
      One racist, bitter clinging, extremist, praying, hunting, firearm owning, Liberty loving PATRIOT.
      And yes we celebrate Christmas too. If you dont like that you can F off.

      Report this comment

      BODYBAG  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:32am

      @1979,

      In your own words, explain to me how this is “good news”. I really want to see how you interpret this data.

      Report this comment

      Rothbardian_in_the_Cleve  
    • VRW Conspirator
      Posted on December 7, 2012 at 9:58am

      @CDN

      they are not unskilled or low skilled workers…otherwise the median personal and household incomes would not have dropped by over $4000 since Obama took office….
      we have people that were making high 5 figure salaries taking on jobs paying mid 5 figure salaries or taking on MULTIPLE hourly wage jobs to compensate for their lost job….
      you also have those on the lower end of the job income line that are now only working part time because they were cut back or downsized or whatever else you would like to call it…

      we have 50% unemployment among college graduates since 2008….are those uneducated and unskilled people…because if you think so..WHY pay to go to college??

      Our high paying, UNION construction and manufacturing jobs are being express trained to China and Vietnam and Taiwan and Mexico/Latin America as companies try to stay afloat… and before you bash Conservatives and greedy Capitalist…. ummmmm Obama gave HUGH stimulus money to companies that weren’t even IN this country and companies in this country that used the money to open factories OVERSEAS…like GM that is moving MORE of its R&D and Tech to CHINA!!!!! they see China as their FUTURE home…not the US….yeah…how is that auto bailout working for you..??

      Report this comment

      VRW Conspirator  
    • Dseosg
      Posted on December 7, 2012 at 7:20pm

      The point is………there are less people in the US with jobs this month. The report says the total number of people working is less than last month. So many people gave up on looking for jobs it drove the unemployment number down. It would be like me telling you my mother was just hit by a truck and is dead. Obama would say she is no longer unemployed so the economy is good and we should spend and rase the debt limit of the US.

      And 73% of new jobs were government jobs. More people with there hands out.

      Report this comment

      Dseosg  
  • tifosa
    Posted on December 7, 2012 at 8:49am

    32nd (33rd?) consecutive month of private sector job growth, housing market recovering, “U.S. Deficit Shrinking At Fastest Pace Since WWII” (IBD: http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm#ixzz2ENEPSvPC )
    We didn’t need no stinkin’ Romney :)

    Report this comment

    tifosa  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:07am

      You have GOT to be kidding me?!?!?

      LOL. I took a class in college called “Lying with Statistics”. Evidently you did as well. You do realize that the “job growth” has been almost entirely via PART TIME jobs right? You also realize that real income has declined the most and the longest since they have been keeping that stat. You also realize that the “shrinking deficit” is a function of the fact that the denominator in the calculation was BLOWN UP by the same one claiming success that is isn’t as big as it was before.

      Shame on you, that isn’t uninformed. You’re just a liar.

      Report this comment

      Rothbardian_in_the_Cleve  
    • tifosa
      Posted on December 7, 2012 at 9:11am

      Congrats, Rothb, if you’re above the age of 25 AND have at least a 4yr college degree, the unemployment rate is below 5%. :)

      Report this comment

      tifosa  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:28am

      Some more data for you, just so we can be clear what a liar you are.

      In Feb 2009, total FT employment was 154.2M. There were 80.7M “not in labor force”.
      In Nov 2012, total FT employment is now 155.2M. There are 88.9M “not in labor force”.

      In addition, during that time part time employment went from 4.1M in 2009 to 8.1M now. PT employment as a percentage of labor force is the highest it has ever been. Labor participation rate, as you saw, is now the lowest it has been in over 30 years.

      To achieve this goal, the last administration has added more debt than all the POTUS combined in the history of our country up to the second term of Bush. In fact, during that time, for every dollar in GDP growth we have added 2.08 in debt to get it. That’s the equivalent of over 100% interest (leverage). Furthermore, during that time we lost our credit rating and the demand for our debt is less forcing the federal reserve to now monetize 75% of our debt. This has led to a real inflation rate of around 9% (counting energy and healthcare). During that time personal income has risen 3.27%. So, people are poorer. Specifically, poor people are really poorer.

      So, we have less employment, higher debt, lower wages. Yeah, sounds great. Now spin that.

      Report this comment

      Rothbardian_in_the_Cleve  
  • Stephencj
    Posted on December 7, 2012 at 8:47am

    I’m sure this has nothing to do with seasonal employment. Oh wait… That’s exactly what it is. This is the fourth year in a row people aren’t accounting for that. I’m sure, just like every other year, after the holidays are over, unemployment will go back up.

    Report this comment

    Stephencj  
    • randy
      Posted on December 7, 2012 at 8:57am

      Don’t bet on it…….. POS Obama Has 95% control over the Media in AMeriKa.
      The numbers will keep falling for 4 years, then guess what, Michelle will run for President, serve her 8 years, Then before she leaves, she will drop the age requirement for serving as president, them Malia will run, serve her 8 years, then Sasha will run, serve her 8 years, then the cycle starts all over again….

      Report this comment

      randy  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 10:47am

      Randy,

      “Control” implies coercion of some sort. At the very least it implies that they are unwilling. I’d argue that he doesn’t have to “control” them. They would march like lemmings over the cliff to support/promote/protect him in some sort of cultish infatuation.

      Report this comment

      Rothbardian_in_the_Cleve  
  • watashbuddyfriend
    Posted on December 7, 2012 at 8:44am

    Would it not help, by telling the TRUTH about the rate?

    Report this comment

    watashbuddyfriend  
  • ArmedAndReallyPissed
    Posted on December 7, 2012 at 8:44am

    As usual, figures, like all Politicians and created by Politicians, LIE.

    Report this comment

    ArmedAndReallyPissed  
  • TheMajority
    Posted on December 7, 2012 at 8:42am

    Falling? Yea right. All one has to do is look in the local papers “jobs section”—-to see what “profit eating” government job is right for you.

    No skills needed, criminals accepted first.

    Report this comment

    TheMajority  
  • Black Horse
    Posted on December 7, 2012 at 8:41am

    Yeah, until the numbers are “adjusted” (states reporting late, etc.). Once again, people that gave up on looking for work and ran out of unemployment benefits figure in this number. Also under employed, temporary and government jobs (also mostly temporary).

    The number becomes increasingly meaningless, except as liberal propaganda.

    Report this comment

    Black Horse  
  • Snowleopard {gallery of cat folks}
    Posted on December 7, 2012 at 8:38am

    Why should we believe any of these numbers?

    Report this comment

    Snowleopard {gallery of cat folks}  
    • Oldphoto678
      Posted on December 7, 2012 at 9:22am

      Get over yourself. The fact is most Americans don’t care what the tea party types believe. America has left you in the past to wallow in your own relevance.

      Report this comment

      Oldphoto678  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:36am

      @678,

      This isn’t about “beliefs”. This is about data, plain and simple. What you (collectivists) believe is one thing. However, data suggests that you are wrong. Now, you can argue that perception equals reality, and the last election would show you to be right. Facts and beliefs are two wildly different things. The facts are that we are in an economic tailspin and that Obama polices are accelerating that. Beliefs are that O is some sort of savior and that the government has an endless supply of money. In the end we’ll see if beliefs or facts win out.

      Report this comment

      Rothbardian_in_the_Cleve  
  • ares338
    Posted on December 7, 2012 at 8:36am

    Temporary holiday jobs although helpful don’t count in the overall big picture. This will go back up in a couple of weeks.

    Report this comment

    ares338  
  • capelady
    Posted on December 7, 2012 at 8:35am

    I just read that it has gone up to 8.3% !!!

    Report this comment

    capelady  
    • barber2
      Posted on December 7, 2012 at 8:42am

      CAPE: Same here. Do they actually expect any American to believe the statistics we get anymore from the Obama Pravda media ? We need to reinstitute the Voice of America FOR real Americans ! All we get is that re-heated international Left stuff filtered through the Chicago radical crowd in the White House !

      Report this comment

      barber2  
    • tifosa
      Posted on December 7, 2012 at 8:50am

      Where?

      Report this comment

      tifosa  
    • Rothbardian_in_the_Cleve
      Posted on December 7, 2012 at 9:39am

      Here. It is the unadjusted rate. Of course, who wants data that hasn’t been “adjusted”. /sarc

      http://www.gallup.com/poll/159104/unadjusted-unemployment-shoots-back.aspx

      Report this comment

      Rothbardian_in_the_Cleve  
    • Joseph_Desmas
      Posted on December 9, 2012 at 7:01am

      And you’ll notice that the data was provided by Gallup, not the administration. This is SOP, regardless of the administration. Also SOP regardless of the administration is the announcement of seasonally adjusted and non-adjusted data; with a focus on the lower %. It’s called statistical cherry picking. Every administration has done it; going back decades.

      Dang objective and transparent reporting. Always getting in the way of our personal biases and agendas.

      Report this comment

      Joseph_Desmas  
1 2

Sign In To Post Comments! Sign In

Sign Up For Our Newsletter!

Glenn Beck Radio

Listen to Glenn Beck 24/7 Listen Now
Restoring Love