US unemployment falls in November to a two and a half years low: 8.6%

Saturday, December 3rd 2011 - 08:46 UTC

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The US unemployment rate fell to a two and half year low of 8.6% in November and companies stepped up hiring, further evidence the economic recovery was gaining momentum. Read full article

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geo
it has between 25 % ...30 % unemployment rate in reality !!
Dec 03rd, 2011 - 09:40 am - Link - Report abuse 0
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Fido Dido
“it has between 25 % ...30 % unemployment rate in reality !! ”

It is still like that. The “government numbers” went down, because most unemployed had given up looking for work for many reasons.

“The private sector created 140.000 jobs ”

Temporary jobs in the retail sector for the holiday season are responsible for close to 80% of the “jobs” created. Nothing wrong with but they are temporary and majority of the people work on commision. The other “private” job creators were restaurants and in the health care sector.
Dec 03rd, 2011 - 04:32 pm - Link - Report abuse 0
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Yuleno
America,America.how does the song go.Is it how great it is.Not for everyone and if 'America',can't do it,who can.What a waste,people with no work, and wanting work,and 'America' can't pay it's debt.Thats called economic realities.Others call it getting something wrong
Dec 03rd, 2011 - 05:30 pm - Link - Report abuse 0
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Forgetit87
“It is still like that. The “government numbers” went down, because most unemployed had given up looking for work for many reasons.”

True, and the US labor department has said so. 120,000 net jobs created per month are not enough to lower real unemployment rate for a country the size of the US.
Dec 03rd, 2011 - 06:05 pm - Link - Report abuse 0
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Yuleno
And what did the government say it was going to do about unemployment or did it prioritise the debt problem,or did it worry about China's exchange rate.
There are no indications that the USA can achieve full employment.
Dec 03rd, 2011 - 10:12 pm - Link - Report abuse 0
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geo
US/ numbers of Americans on “ food stamp” !!

2007 ... 25 millons
2011 ... 47 millons

is this the American Dream /OR/ is this the American Hallucination !!
Dec 04th, 2011 - 10:04 am - Link - Report abuse 0
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Forgetit87
Thanks, geo.
Dec 04th, 2011 - 11:11 am - Link - Report abuse 0
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