Payroll growth rises 132,000 in November

Roland99

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Fri Dec-08-06 12:36 PM
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Payroll growth rises 132,000 in November

Payroll growth rises 132,000 in November
Unemployment rate ticks up to 4.5%
http://www.marketwatch.com/news/story/us-adds-132000-nonfarm-jobs/story.aspx?guid=%7B08481B8C%2DDCD4%2D4FC5%2D9871%2DD9AA9F582525%7D

Hiring in the U.S. continued at a steady, strong pace in November, easing worries that the economy is weakening precipitously.

Nonfarm payrolls increased by 132,000 in November, based on a survey of business establishments, the Labor Department reported Friday.

The unemployment rate ticked up to 4.5% from 4.4% in October, which was a five-year low, according to a separate household survey. Read full government survey.

The gain in payrolls was higher than expected. Economists were forecasting an average gain of 112,000 in November, according to a survey conducted by MarketWatch. See Economic Calendar. The rise in the unemployment rate was in line with expectations.

Another month BELOW the level needed to maintain equilibrium with the increasing population (~160,000 new jobs are needed each month)

And, this will make 7 of the last 8 months being BELOW that level:

Chart numbers based on job numbers thru Oct-06 available at bls.gov

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Demeter

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Fri Dec-08-06 01:11 PM
Response to Original message

1. "And I Am Marie of Roumania"

to quote Dorothy Parker.

Oh, life is a glorious cycle of song,
A medley of extemporanea;
And love is a thing that can never go wrong;
And I am Marie of Romania.
Dorothy Parker (1893 - 1967), Not So Deep as a Well (1937)

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freethought

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Fri Dec-08-06 01:16 PM
Response to Original message

2. Hmm. 132K in November?

Just sounds like seasonal holiday hiring to me.

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KalicoKitty

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Fri Dec-08-06 01:20 PM
Response to Reply #2

3. Exactly!

The unemployment rate will rise again in January.

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Darkhawk32

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Fri Dec-08-06 01:51 PM
Response to Reply #2

5. My wife works at Target. They hardly hired anybody for the holidays. n/t

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freethought

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Sat Dec-09-06 01:13 AM
Response to Reply #5

6. Target and Wal Mart probably don't hire for the holiday season

but a number of outfits still do. Here in Maine, L.L. Bean hires a few hundred people from October to the first few weeks of January. Even if you're a seasonal hire at Bean, it's still a nice place to work. I will say at the local mall things seem kind of lackluster. Many people but they don't seem to be shopping themselves into oblivion.

Holiday hires usually don't work the sales floors anyway they're usually on night shifts doing stocking activities, or in distribution and order filling warehouses.

Still, I would stick to my comment that this 132K in new hires is still extra holiday help and not much else.

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SoCalDem

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Fri Dec-08-06 01:36 PM
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4. Kind of looks to me like people jumping from lousy job to lousy job

every "jump" is a "new hire" when he/she's replaced, but was a job "created"...or just refilled over and over?

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Delphinus

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Sat Dec-09-06 07:12 AM
Response to Original message

7. Wonder who's hiring,

'cause I'm looking for another part time job ... and just can't seem to find one. :shrug:

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