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National Unemployment Down to 7.7 Percent

The first jobs report released after President Barack Obama’s re-election is better than expected

 

Despite the damage from Hurricane Sandy, 146,000 jobs were added to the economy in November, according to figures from the Labor Department released on Friday morning.

The unemployment rate of 7.7 percent is the lowest since December 2008, according to the Associated Press, and down from October's 7.9 percent unemployment. Twelve million people remain unemployed.

The Department of Labor reports that the number of people unemployed for 27 weeks or more “was little changed at 4.8 million."

The November unemployment rate for Connecticut will not be available for two more weeks. In October the state saw its unemployment rate rise to 9 percent for the third time this year.

The full national jobs report can be viewed on the Bureau of Labor Statistics’ website.

Connecticut15 December 08, 2012 at 10:29 PM
Andrew, you're right - what would we do without those numbers - "unemployment" "underemployment", inflation or Consumer Price Index - gasoline is more than double the price four years ago - that would equate to a yearly increase of about 18% compounded? Basic food costs have in increased by almost 50% so about 12% per year --- so how is it that inflation rate could be so low? Heat, energy, food - through the roof.
Andrew Ziemba December 09, 2012 at 03:49 AM
Oh yes, don't forget gold and silver. HAHAHA. I like looking at their charts. The funniest part is when you hear that they are a bubble, and yet EVERYONE thinks you are a lunatic if you are bullish. Ask the average American if they invest in gold or silver. Basically NOBODY owns it, and the price keeps going up. Yup we are in a gold and silver bubbl
Alethiologist December 09, 2012 at 02:32 PM
Among U.S.-born white women, 30 percent of births were to unmarried women in 2010. The figure among U.S.-born blacks was 78 percent; Hispanics, 58 percent; Asians, 31 percent.
Cleaver Washington December 09, 2012 at 05:44 PM
Among U.S.-born Sarah Palin children, 100 percent of births were to unmarried women in 2008..
Alethiologist December 10, 2012 at 12:20 AM
http://www.abort73.com/abortion/abortion_and_race/

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