November jobs report: 146,000 jobs added, jobless rate drops to 7.7%, workforce declines again
posted at 8:36 am on December 7, 2012 by Ed Morrissey
The US got a better November than some had expected in the job markets — but only in the top line numbers. The economy added 146,000 jobs, better than expected if still a status quo result, and the jobless rate declined to 7.7%. The Bureau of Labor Statistics reported that Hurricane Sandy ended up having little impact on employment over the month. However, the work force declined again and drifted back to generational-low numbers:
Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care.
Hurricane Sandy made landfall on the Northeast coast on October 29th, causing severe damage in some states. Nevertheless, our survey response rates in the affected |states were within normal ranges. Our analysis suggests that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November.
The unemployment rate edged down to 7.7 percent in November. The number of unemployed persons, at 12.0 million, changed little. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (7.0 percent), teenagers (23.5 percent), whites (6.8 percent), and Hispanics (10.0 percent) showed little or no change in November. The unemployment rate for blacks (13.2 percent) declined over the month. The jobless rate for Asians was 6.4 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)
The U-6 figure also dropped by two-tenths of a point to 14.4%, its lowest level all year. However, the seasonally-adjusted labor force dropped by 350,000, and the civilian labor force participation rate also dropped two-tenths of a point to 63.6%, almost at the 31-year low hit in August. The employment-population ratio dropped by one-tenth of a percent to 58.7%.
In other words, America isn’t going back to work. Americans are still dropping out of the work force.
Update: The topline number comes from the Establishment Survey, but the Population Survey shows a loss of 122,000 jobs, seasonally adjusted, from October (143,384K to 143,262K).
Update: CNBC’s Jeff Cox is pretty excited by these results:
The U.S. economy created 146,000 new jobs and the unemployment rate slid to 7.7 percent, in a report much better than economists had expected.
Despite the effects from Superstorm Sandy, the jobs engine continued to run, albeit slowly.
But Cox notes the “puzzling contradictions”:
The report had some puzzling contradictions, particularly in its assertion that Sandy “did not substantively impact” the jobs count for November.
Also, the drop in the unemployment rate appeared to reflect a continued exodus of workers from the labor force.
The labor force participation rate, already around 30-year lows, fell further in the month to 63.6 percent.
I’d say that the problems between the two surveys continue to be reflected in the topline numbers. The bottom line is that a smaller percentage of working-age Americans have jobs and are participating in the workforce, and that’s a big, big problem as we head into the Christmas retail season and the fiscal cliff that will come afterward.
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Is gallup a joke or what?
tomas on December 7, 2012 at 10:48 AM
One of life’s little rules should be that once someone has demonstrated to be untruthful, you should never trust their word again.
It’s been demonstrated that Barry and his illegitimate regime are consummate liars – Benghazi and other outright lies on his part come to mind.
So why should we trust the word of him and his regime ever again?
That full well includes the BLS or is that BSLS?
Galt2009 on December 7, 2012 at 10:49 AM
…record,out of control debt at 16 Trillion with Obama wanting to add more…
…….no budget in 4 years….
………..now democrats want to eliminate any fiscal accountability by also doing away with the debt ceiling….
…………….record number of people dropping out of the work force.
….worst unemployment in this country since the great depression.
…………..record number of people on food stamps.
…….GDP stuck between 1 and 2 percent for years…..
…………..record number of people on food stamps
………………..running over Trillion dollar deficits for over 4 years
……………………National credit rating lowered
…………………………business’s still laying off thousands of workers at a steady pace for over 4 years….with an acceleration now due to the massive costs of Obamacare…..
…………billions and billions of dollars in tax hikes under Obama that are hitting the middle class and he wants to hit them with more.
Conservatives aren’t “cheer-leading” are “cherry picking” negative news about this disaster of an economy……we are merely stating the the reality of it while liberals do everything they can to “spin” it as good news.
These economic indicators are not “good news”….this is a disaster….and your boy king is making it worse with his far left agenda.
All your whining and spinning is not going to change the fact that Obama is orchestrating the worst American economy in our Nation’s history.
Baxter Greene on December 7, 2012 at 10:51 AM
This is for HAL, LFOD, AM and PL.
“Math, science and research are hard, logic is harder and thinking is hardest of all”
Unable to do 0 out of 5 of the above makes you profoundly stupid.
chemman on December 7, 2012 at 10:53 AM
If you want a meaningful employment number, look at the employment/population ratio, which is simply total civilian employment divided by the entire civilian population (excluding those under 16 or institutionalized). This statistic is currently at 58.7%, and it has been in the range of 58.2% – 58.8% since September 2009.
DKCZ on December 7, 2012 at 10:56 AM
Yeah, that’s why the economy is failing. Not because of the policies of the Democrats who control Washington. But rather because we wish for those policies to not succeed.
/
Doughboy on December 7, 2012 at 10:57 AM
meh, he’s been at it for exactly four years now. the only time he expressed an honest opinion – that snowflake snooki’s political career was over when she retreated, not reloaded – he had to do the canossa walk for years thereafter.
sesquipedalian on December 7, 2012 at 10:57 AM
That also makes them Obama Cheerleaders – and it’s not a coincidence.
Galt2009 on December 7, 2012 at 10:58 AM
sesquipedalian on December 7, 2012 at 10:57 AM
And yet, you’ve been following Ed since Captain’s Quarters.
Methinks, thou doth complain too much, Skippy.
kingsjester on December 7, 2012 at 10:59 AM
Why don’t you explain how the wonderful economy that Barry promised would come to past is going to withstand the onslaught of all of his nifty new regulations?
Then explain how the Obamaecnomy is going to shrug off all the new ‘screw the rich’ taxes he wants to impose? Not to mention all of the Obamacare taxes.
And then you can explain what genius prezzy is going to do when those taxation targets don’t cough up the goods and he has to lower the bar on who gets screwed?
Galt2009 on December 7, 2012 at 11:00 AM
Galt2009 on December 7, 2012 at 11:02 AM
….The 7.7% number comes mainly from over 500,000 people dropping out of the work force ….
………………and you think this is good news?
http://www.zerohedge.com/news/2012-12-07/146000-jobs-added-november-beat-expectation-85000-unemployment-rate-lower-77
…He!! yea!!!!!!!!!!
………….Party Time!!!!
Bet you think the Arab Spring is a raging success for democracy and that Obama’s support for Morsi and turning Libya over to the jihadist is a great example of “smart power”.
Absolutely delusional.
Baxter Greene on December 7, 2012 at 11:02 AM
i like ed but he’s now providing a service on behalf of a corporate entity. he delivers messages carefully calibrated to appeal to an audience that’s not his natural one.
sesquipedalian on December 7, 2012 at 11:04 AM
sesquipedalian on December 7, 2012 at 11:04 AM
You mean…he works for a living?
kingsjester on December 7, 2012 at 11:05 AM
if you pay me a competitive rate, i may be persuaded to mentor you on macro 101.
sesquipedalian on December 7, 2012 at 11:05 AM
Quite right.
Indeed, Allah is a much more intellectually honest blogger. Though I was somewhat taken aback when he got suckered in by the “unskewed polls” nonsense. Still, even then he hedged a bit. Ed is angling for a job on Fox News, plain and simple.
libfreeordie on December 7, 2012 at 11:07 AM
And we get the usual assumption of superiority by a progressive for an answer.
chemman on December 7, 2012 at 11:08 AM
as you could tell, i don’t begrudge him his success. but his transformation to a tea party herald at the dawn of the obama era has been disappointing.
sesquipedalian on December 7, 2012 at 11:10 AM
What’s the matter, can’t you even try to answer those questions?
What are you, an Obama Supporter?
Galt2009 on December 7, 2012 at 11:10 AM
libfreeordie on December 7, 2012 at 11:07 AM
And yet, you are all three here, reading his work.
You guys remind of the role Bill Murray played in Little Shop of Horrors, as the guy who kept going to the dentist office just because he liked the pain.
You guys are all Liberal attention-seeking masochists.
kingsjester on December 7, 2012 at 11:11 AM
Remember when democrats called 4.7 % unemployment…..8 trillion debt….250 billion deficits “an economic disaster that was condemning our children’s futures”…………..
That was about where we were at when democrats took majority control of the government in 2006 (House,Senate)……
Now were are over 7% unemployment with the majority of Obama’s Presidency seeing it over 8% (that’s after spending a trillion taxpayer dollars with the promise of it being under 5%)……..Trillion dollar deficits……debt hurling past 16 Trillion with the democrats wanting to increase it and do away with the debt ceiling all together…..no budget in years….
…….and democrats now call this “good news”……..
I don’t think it is Ed that has the problem with reality….you liberals will find that problem right in front of your mirrors.
Continuously moving the goalpost and lowing the bar of expectations to make your boy king look good is not going to change that.
Baxter Greene on December 7, 2012 at 11:15 AM
Still waiting on those answers Alpha_Male:
Care to apply your ‘Intellect’ on them?
Galt2009 on December 7, 2012 at 11:15 AM
You might be able to mentor someone in moron 101, or useful idiot. Not much else though.
darwin on December 7, 2012 at 11:16 AM
yes.
sesquipedalian on December 7, 2012 at 11:16 AM
Yep, he was a real Lefty until Townhall came along. You praise AP because you think you could change his mind. No one is rock solid in their beliefs but Lefties. So arrogant.
Cindy Munford on December 7, 2012 at 11:17 AM
One of our oldest members of the loyal opposition.
Cindy Munford on December 7, 2012 at 11:18 AM
Okay, that explains WHY you can’t conjure up a good response to my questions.
Galt2009 on December 7, 2012 at 11:18 AM
You’re a liberal … you begrudge all success unless it’s achieved through government or corruption.
darwin on December 7, 2012 at 11:18 AM
i fail to see a contradiction here.
i’m not reading michelle malkin for a reason.
sesquipedalian on December 7, 2012 at 11:20 AM
GhoulAid on December 7, 2012 at 11:22 AM
salem came along, not townhall, and i didn’t mention AP nor am i interested in changing his mind. i am quite arrogant, though.
sesquipedalian on December 7, 2012 at 11:23 AM
i’m not reading michelle malkin for a reason.
sesquipedalian on December 7, 2012 at 11:20 AM
Translation: “She’s smarter than I am.”
kingsjester on December 7, 2012 at 11:25 AM
Look at this crap:
73% of New Jobs Created in Last 5 Months Are in Government…
H/T: DRUDGE
petefrt on December 7, 2012 at 11:26 AM
You coulda fooled me. Only people who know what they’re talking about can pull off arrogant.
darwin on December 7, 2012 at 11:27 AM
And if you add in those who are excluded you have 101 million currently working in the private sector supporting 214 million who work for the local, state and federal governments, who don’t work because of age, disability, who are not looking for work and the unemployed which means we are upside down.
With the planned layoffs coming, it doesn’t look like it’s going to get any better.
plutorocks on December 7, 2012 at 11:27 AM
Isn’t that wonderful? That means not only are we paying their salaries we’re also paying their taxes.
darwin on December 7, 2012 at 11:28 AM
reading her unhinged dreck is about as enjoyable as wanking with a cheese grater.
sesquipedalian on December 7, 2012 at 11:29 AM
Since you insist on hanging around polluting the thread with addled back-talk I’ll give you a second crack at it:
Are you trying to postulate that “macro 101” informs you that economies will grow under the burden of excessive regulation and taxation?
Further that “macro 101” provides that people don’t try to avoid getting royally ripped off by rapacious regimes?
If that’s the case, show us all the quotes from “macro 101” texts that advocate these assertions – along with the citations and links to said texts.
[And don’t bother with useless wiki articles of the collective works of Marx – we want real references]
Galt2009 on December 7, 2012 at 11:31 AM
Unemployment could be 25% and the media would blame the gop.
….and Boehner would respond with the proposal to extend unemployment benefits to 3,000 weeks.
The gop is DEAD, DEAD, DEAD as a national party.
Alaska is headed blue in 2016 and Texas will not be far behind. And frankly I don’t buy the whole “the gop is leadership is just stupid” line that those that want to cover for the gop trot out. Let’s face it….
……the gop leadership LOVES LOVES LOVES bigger and bigger federal government and it’s power and perks. THEY love being part of the ruling class.
Look at the JC Watts defensiveness that he had with Christ Matthews on MSNBC. Watts is just an idiot. He’s just a pole dancing republican if he thinks that he’s going to appeal to the better angels of someone like the rabid dog Christ Matthews.
Jobs?………I wish the gop leadership was looking for one.
PappyD61 on December 7, 2012 at 11:31 AM
We are so screwed.
LiB.
petefrt on December 7, 2012 at 11:32 AM
I’m afraid you just overloaded little sesquipedalian’s mind.
darwin on December 7, 2012 at 11:34 AM
We don’t have to let it, it’s going to all on it’s own. Liberals ignore situations like Greece or Spain … too unpleasant to think about.
darwin on December 7, 2012 at 11:36 AM
I don’t if any one else asked this question, but how many of these new so call jobs are temporary ones, to go with business hiring the usual temporary help for Christmas, who then will all be let go in January.
Beastdogs on December 7, 2012 at 11:36 AM
Markets are skeptical – they’re not so stupid.
Schadenfreude on December 7, 2012 at 11:36 AM
EXCLUSIVE: FEMA teams told to ‘sightsee’ as Sandy victims suffered
http://www.foxnews.com/us/2012/12/07/exclusive-fema-teams-told-to-ightsee-as-sandy-victims-suffered/
Hey, where are all the trolls acknowledging Obama’s ownership of this debacle?
Galt2009 on December 7, 2012 at 10:15 AM
God is in the White House. Don’t bother him.
PappyD61 on December 7, 2012 at 11:36 AM
Try eHarmony. Probably less painful.
Chuck Schick on December 7, 2012 at 11:38 AM
That’s not too difficult with an Obama Supporter – and one who is Proud of that fact.
Galt2009 on December 7, 2012 at 11:38 AM
Merry X-mas
Schadenfreude on December 7, 2012 at 11:39 AM
Wow. This economy is just great.
Just wish I was part of it.
COgirl on December 7, 2012 at 11:40 AM
May their ‘brains’ splatter.
Schadenfreude on December 7, 2012 at 11:41 AM
I’m sure that figures into it. Regardless of the true figure … you can bet it will be fed through countless calculations until the correct number (the one the WH wants) appears.
darwin on December 7, 2012 at 11:41 AM
Wish you liberals would hold Obama to the same standards you want to hold Ed.
On and on and on the Obama you support and defend has failed on every front….domestically and internationally……has not kept his major promises to this Nation and is set to deliver 4 more years of the same failure, just like his last 4 years.
Forgive us if your credibility to judge Ed or Conservatives in general is nothing but a joke considering the hilarious and pathetic allegiance you show to a President that easily will have the worst record of any President in our Nations History.
Baxter Greene on December 7, 2012 at 11:42 AM
sesquipedalian, alpha_male, libfree, et al.
None of you have address the main point. More than twice as many people dropped out of the workforce than got jobs. That means people have been unemployed so long, they are no longer counted as employable.
That’s bad.
Chuck Schick on December 7, 2012 at 11:43 AM
i’ll make an effort to explain if in turn you help me find a replacement for gareth bale in my fantasy team. (i already have david silva and santi cazorla, so i need someone else.) that’s my top priority right now.
sesquipedalian on December 7, 2012 at 11:44 AM
Futility is exulted.
All the Fools are out today.
Schadenfreude on December 7, 2012 at 11:44 AM
Duhhhh
Schadenfreude on December 7, 2012 at 11:45 AM
^^^ Well, that explains Obama’s reelection. So many things more important than the nation … like replacements for fantasy teams.
darwin on December 7, 2012 at 11:47 AM
The appropriate rate would be for *you* to pay someone. LOL, the notion that you have anything to teach regarding economics is hysterical, thanks – haven’t had a good laugh like that in a few hours.
Midas on December 7, 2012 at 11:47 AM
This makes the false assumption that the boy king voters pay any income tax at all.
katablog.com on December 7, 2012 at 11:48 AM
So is your slavemaster.
p.s. you’re way more entertaining.
Schadenfreude on December 7, 2012 at 11:48 AM
Gratis – anyone with even the tiniest of brains would never vote for a Turd.
Schadenfreude on December 7, 2012 at 11:49 AM
the joke clearly worked as intended.
sesquipedalian on December 7, 2012 at 11:51 AM
Best of 2012
Second Best
Schadenfreude on December 7, 2012 at 11:51 AM
LOL
Midas on December 7, 2012 at 11:52 AM
ya, nothing surprises me anymore since bush got reelected.
sesquipedalian on December 7, 2012 at 11:52 AM
Me neither – that was the year of stupid and stupider.
Schadenfreude on December 7, 2012 at 11:54 AM
Yet, the nation sunk waaaaaaay lower since.
She deserves the deminse, fully, and hopefully in a very hurtful way.
Free and stupid people always deserve what they ask for.
Schadenfreude on December 7, 2012 at 11:55 AM
Now what are you babbling about?
Try making sense for once…… oh wait, you’re a Proud Obama Supporter – that’s probably the best you can do.
But if you insist on hanging around, expect to see those questions again.
The fact that you can’t even get within the ballpark in answering them should aptly inform everyone of your intelligence level – Or lack thereof.
Galt2009 on December 7, 2012 at 11:55 AM
Why? He did a hell of alot better with the economy and the debt than Obama has.
Chuck Schick on December 7, 2012 at 11:55 AM
demise
Schadenfreude on December 7, 2012 at 11:56 AM
Lsm just giddy… not reporting the entire story natch
Think dear leader has the fiscal cliff in the bag nowt
cmsinaz on December 7, 2012 at 11:56 AM
It’s all relative. Compared to Obama Carter was Einstein. He lived long enough to be redeemed on the ladder.
Schadenfreude on December 7, 2012 at 11:57 AM
Has sesquipedalian answered anyone’s questions … on anything?
darwin on December 7, 2012 at 11:57 AM
They’re so intoxicated with Obam’s sh*t, not Beluga caviar, fools, that they don’t know they are in the cliff. May they all have cripples, all those married to gov’t, and may all suffer a painful demise.
Schadenfreude on December 7, 2012 at 11:59 AM
That’s great! That way they’ll be caught off guard when zillions of starving and unemployed people start surrounding their ivory towers.
darwin on December 7, 2012 at 11:59 AM
Thank you kindly – oddly enough this morning has me a bit annoyed at the POSs – something about taking great nation and sending down the dead end road of decline has me a bit on edge.
Galt2009 on December 7, 2012 at 11:59 AM
If you expect any more than entertainment from good sesqui, the joke’s on you.
Schadenfreude on December 7, 2012 at 11:59 AM
Galt2009 on December 7, 2012 at 11:59 AM
A nom like yours should just grin. Let them.
Just starve the Looters. The moocher are too dumb to know better.
Schadenfreude on December 7, 2012 at 12:01 PM
I try to be eternally optimistic … try that is, I rarely succeed.
darwin on December 7, 2012 at 12:02 PM
i’m not an info hotline.
i think i’ll take a punt on clint dempsey, what do you think?
sesquipedalian on December 7, 2012 at 12:03 PM
Understandable, our catastrophe, his feature.
Cindy Munford on December 7, 2012 at 12:06 PM
Seems to be typical.
Swing and a miss…again.
Galt2009 on December 7, 2012 at 12:08 PM
i’m not an info hotline…
sesquipedalian on December 7, 2012 at 12:03 PM
Yep. You look up to a moron.
kingsjester on December 7, 2012 at 12:08 PM
Hear hear schadenfreude
Oh yeah darwin
Idiots
cmsinaz on December 7, 2012 at 12:10 PM
is that a no? should i just keep bale until he returns from injury? could be weeks.
sesquipedalian on December 7, 2012 at 12:11 PM
Innauguration, Depends, diapers, Kleenex, etc.
The smart ones invest, gulch and smile.
Schadenfreude on December 7, 2012 at 12:14 PM
Galt2009 on December 7, 2012 at 12:15 PM
As far as information goes you’re in a vaccuum. I’m beginning to think you’re “special” as well, which is fine … I’ll just tailor my responses accordingly.
darwin on December 7, 2012 at 12:15 PM
..yea…and his surge worked in Iraq…
………Obama’s in Afghanistan….not so much.
Baxter Greene on December 7, 2012 at 12:17 PM
stop spamming the boards.
sesquipedalian on December 7, 2012 at 12:17 PM
stop spamming the boards.
sesquipedalian on December 7, 2012 at 12:17 PM
What you are doing is spamming. What he is doing is trying to get you to answer his questions, Smirky.
Del’s right. You were funnier on Captain’s Quarters.
kingsjester on December 7, 2012 at 12:19 PM
i’ll try to make it to the mall this time. i missed the first one in 2009. anyone keen to join?
sesquipedalian on December 7, 2012 at 12:20 PM
he just has to understand that when a man says no it means no.
sesquipedalian on December 7, 2012 at 12:22 PM
Hahahaha!
I’m presenting questions based on the topic at hand while you present scintillating comments like
And you have the balls to say:
POS, heal theyself!
Galt2009 on December 7, 2012 at 12:22 PM
he just has to understand that when a man says no it means no.
sesquipedalian on December 7, 2012 at 12:22 PM
What does that have to do with you, trolling this Conservative website?
kingsjester on December 7, 2012 at 12:23 PM
Be sure to tell your fellow collectivists (1. One who believes in the principle of ownership of the means of production, by the state or the people) to clean up after themselves this time.
darwin on December 7, 2012 at 12:24 PM
Why don’t you go ahead and complain to the management that someone is trying to have a serious discussion on the topic at hand and it’s distracting away from whatever your rambling on about.
I’ll be quaking in my flats over the results..
Galt2009 on December 7, 2012 at 12:26 PM
Why don’t you go ahead and complain to the management that someone is trying to have a serious discussion on the topic at hand and it’s distracting away from whatever you‘re rambling on about.
I’ll be quaking in my flats over the results..
Galt2009 on December 7, 2012 at 12:29 PM
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