Draggingtree Posted December 9, 2012 Share Posted December 9, 2012 Investors Business Daily : 'Bullish' November Data Mask An Ugly Truth About Jobs Mon, Dec 10 2012 00:00:00 EA18_ISSUESPosted 12/07/2012 06:54 PM ET Economy: A rip-roarer for job creation and a major drop in the unemployment rate. At least, that's how the mainstream media sum up November's job numbers. But scratch the data and a different story surfaces. A lot of pundits thought the November jobs data were pretty good, with 146,000 new jobs and a drop in unemployment to 7.7%. But look closer, and you see recession mode With nonfarm payrolls swelling by 146,000 and the jobless rate easing from 7.9% to 7.7%, November looked pretty good to many pundits. But the underlying trends aren't so favorable, and the future, with a slowing economy about to drive off a fiscal cliff, isn't bright at all. Start with payroll jobs. The 146,000 wasn't awful, but to make a serious dent in joblessness, we need to add at least 200,000 a month for a Link to comment Share on other sites More sharing options...
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