The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Friday, December 2, 2016

November Jobs Report and Unemployment Rate.

As we move out of the Obama Administration, let's place a mark here with the November Jobs report and unemployment rate.

We will wager these numbers won't get any better under the Trump Administration.



Steve Benen for MSNBC wrote:
The Bureau of Labor Statistics reported this morning that the U.S. economy added 178,000 jobs in November. The unemployment rate, meanwhile, continues to improve, dropping from 4.9% to 4.6%. It’s the 14th consecutive month the rate has been at 5% or lower – and the lowest jobless rate Americans have seen since August 2007. 


As for the revisions: September’s job totals were revised up, from 191,000 to 208,000, while October’s were revised down, from 161,000 to 142,000. Combined, that’s a net loss of 2,000. 


Over the last 12 months, the overall economy has created 2.25 million new jobs, which is a pretty healthy number. And with one month remaining in 2016, the U.S. remains on track to create over 2 million new jobs this calendar year. What’s more, November was the 74th consecutive month of positive job growth, which is the longest on record.

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