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39,000 Jobs Created in November, Unemployment Rate Ticks Up to 9.8%

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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:30 AM
Original message
39,000 Jobs Created in November, Unemployment Rate Ticks Up to 9.8%
Edited on Fri Dec-03-10 08:31 AM by tritsofme
Disappointing.


Transmission of material in this release is embargoed USDL-10-1662
until 8:30 a.m. (EST) Friday, December 3, 2010

Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces

Media contact: (202) 691-5902 * PressOffice@bls.gov


THE EMPLOYMENT SITUATION -- NOVEMBER 2010


The unemployment rate edged up to 9.8 percent in November, and nonfarm payroll
employment was little changed (+39,000), the U.S. Bureau of Labor Statistics
reported today. Temporary help services and health care continued to add jobs
over the month, while employment fell in retail trade. Employment in most major
industries changed little in November.

Household Survey Data

The number of unemployed persons was 15.1 million in November. The unemployment
rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months.
(See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.0 per-
cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per-
cent) edged up in November. The jobless rate for blacks (16.0 percent) showed
little change over the month, while the rate for teenagers declined to 24.6 per-
cent. The jobless rate for Asians was 7.6 percent, not seasonally adjusted. (See
tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed tempor-
ary jobs rose by 390,000 to 9.5 million in November. The number of long-term un-
employed (those jobless for 27 weeks and over) was little changed at 6.3 million
and accounted for 41.9 percent of the unemployed. (See tables A-11 and A-12.)

The civilian labor force participation rate held at 64.5 percent in November, and
the employment-population ratio was essentially unchanged at 58.2 percent. (See
table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed over the month at 9.0 mil-
lion. These individuals were working part time because their hours had been cut
back or because they were unable to find a full-time job. (See table A-8.)

About 2.5 million persons were marginally attached to the labor force in November,
up from 2.3 million a year earlier. (The data are not seasonally adjusted.) These
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as un-
employed because they had not searched for work in the 4 weeks preceding the sur-
vey. (See table A-16.)

Among the marginally attached, there were 1.3 million discouraged workers in
November, an increase of 421,000 from a year earlier. (The data are not season-
ally adjusted.) Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them. The remaining 1.2 million
persons marginally attached to the labor force had not searched for work in the
4 weeks preceding the survey for reasons such as school attendance or family
responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment changed little in November (+39,000). Job gains
continued in temporary help services and in health care, while employment fell in
retail trade. Since December 2009, total payroll employment has increased by an
average of 86,000 per month. (See table B-1.)

Within professional and business services, employment in temporary help services
continued to increase in November (+40,000) and has risen by 494,000 since Septem-
ber 2009.

Health care continued to add jobs over the month, with a gain of 19,000. Much of
the increase occurred in hospitals (+8,000).

Employment in mining continued to trend up over the month. Support activities for
mining added 6,000 jobs in November and has added 74,000 jobs since October 2009.

Retail trade employment fell by 28,000 in November. Job losses occurred in depart-
ment stores (-9,000) and in furniture and home furnishings stores (-5,000).

Employment in manufacturing was little changed over the month (-13,000). Following
job growth earlier in 2010, employment has been relatively flat, on net, since May.
Employment in most other major industries changed little in November.

The average workweek for all employees on private nonfarm payrolls held at 34.3
hours in November. The manufacturing workweek for all employees also was unchanged,
at 40.3 hours, and factory overtime remained at 3.1 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls decreased by
0.1 hour to 33.5 hours. (See tables B-2 and B-7.)

In November, average hourly earnings of all employees on private nonfarm payrolls
increased by 1 cent to $22.75. Over the past 12 months, average hourly earnings
have increased by 1.6 percent. In November, average hourly earnings of private-sec-
tor production and nonsupervisory employees were unchanged at $19.19. (See tables
B-3 and B-8.)

The change in total nonfarm payroll employment for September was revised from -41,000
to -24,000, and the change for October was revised from +151,000 to +172,000.

-----------
The Employment Situation for December is scheduled to be released on Friday,
January 7, 2011, at 8:30 a.m. (EST).

__________________________________________________________________________
| |
| Revision of Seasonally Adjusted Household Survey Data |
| |
|In accordance with usual practice, The Employment Situation release for |
|December 2010, scheduled for January 7, 2011, will incorporate annual |
|revisions in seasonally adjusted unemployment and other labor force |
|series from the household survey. Seasonally adjusted data for the most |
|recent 5 years are subject to revision. |
| |
|__________________________________________________________________________|


__________________________________________________________________________
| |
| Upcoming Changes to Establishment Survey Data |
| |
|Effective with the release of January 2011 data on February 4, 2011, the |
|establishment survey will begin estimating net business birth/death ad- |
|justment factors on a quarterly basis, replacing the current practice of |
|estimating the factors annually. This will allow the establishment sur- |
|vey to incorporate information from the Quarterly Census of Employment |
|and Wages into the birth/death adjustment factors as soon as it becomes |
|available and thereby improve the factors. Additional information on this |
|change is available at www.bls.gov/ces/ces_quarterly_birthdeath.pdf. |
| |
|__________________________________________________________________________|


__________________________________________________________________________
| |
| Upcoming Changes to Household Survey Data |
| |
|Effective with the release of January 2011 data on February 4, 2011, two |
|additional data series--"Self-employed workers, unincorporated" and "Self-|
|employed workers, incorporated"--will be added to table A-9. As a result, |
|the format of table A-9 will change. Data on the incorporated self-employ-|
|ed have not previously been published on a regular basis. |
| |
|Also, in table A-8, the data series currently labeled "Self-employed work-|
|ers" (one for Agriculture and related industries and one for Nonagricul- |
|tural industries) will be renamed "Self-employed workers, unincorporated."|
|This is strictly a change in title and not in definition; the data shown |
|will not be affected. This change is being made to clarify that these data|
|only include persons operating unincorporated businesses. A similar title |
|change will be made to one data series in table A-14. |
| |
|In addition, a change affecting data collected on unemployment duration |
|will be introduced in the household survey in January 2011. Presently, |
|the Current Population Survey can record unemployment durations of up to |
|2 years. Starting with data collected for January 2011, respondents will |
|be table to report unemployment durations of up to 5 years. This change |
|will likely affect one data series in this news release: the average |
|(mean) duration of unemployment, which is found in table A-12. The change |
|does not affect the estimate of total unemployment or other data series on|
|duration of unemployment. Additional information is available at |
|www.bls.gov/cps/duration.htm. |
| |
|Beginning with data for January 2011, occupation estimates in table A-13 |
|will reflect the introduction of the 2010 Census occupation classification|
|system into the household survey. This occupation classification system is|
|derived from the 2010 Standard Occupational Classification system. Histor-|
|ical data will not be revised. |
|
http://www.bls.gov/news.release/empsit.nr0.htm
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katnapped Donating Member (938 posts) Send PM | Profile | Ignore Fri Dec-03-10 08:32 AM
Response to Original message
1. "MORE TAX CUTS FOR THE RICH!!!"
Watch! You know it's coming!
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leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:36 AM
Response to Original message
2. Wall Street isn't disappointed. Things couldn't be better, all things considered . . .
Edited on Fri Dec-03-10 08:37 AM by leveymg
Things are going pretty much according to plan. Nice and stable during the looting and clean up. No mobs in the streets, no major media poking around, no angry Congressional hearings and finger pointing, no Grand Juries, except for the designated small fry.

Yes, nice and smooth . . .
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:38 AM
Response to Reply #2
5. I Don't Have My TV On
But I suspect the Dow to lose a lot of points today.
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BlueCheese Donating Member (897 posts) Send PM | Profile | Ignore Fri Dec-03-10 09:08 AM
Response to Reply #5
14. Probably...
I can never tell how the markets will react--sometimes it's "Hooray! People are out of work so the Fed will keep interest rates low!". Other times it's the opposite--"the recovery is stalling!"

But it sounds like the rally of the last two days is based on the belief that things were getting better, so this might put a pin in the balloon.

Dang, this stinks.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:12 AM
Response to Reply #14
15. You Nailed It. This Was Beyond Unexpected.
I wouldn't be surprised to see a 500 point , 1000 point sell off.

The proverbial s--t might hit the fan...
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:43 AM
Response to Reply #15
22. Anemic job growth means no prospect for Fed tightening in the near future.
The market is perversely satisfied.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:59 AM
Response to Reply #22
27. The Reaction Is Surprisingly Muted
~
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:21 AM
Response to Reply #5
18. the dow is up. nt
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:36 AM
Response to Original message
3. This Is Sad And Unbelievable
See my thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9679321

Go ahead and crucify me but the Pollyannas on this site who are saying the economy is improving need to check themselves... The unemployed , the underemployed, the too discouraged to look for a job could give a rat's ass who is in power...

At least it will add ammunition to the folks who want to extend unemployment benefits.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:37 AM
Response to Original message
4. And considering that we need 150,000 jobs to simply keep up with growth in the labor force
This "gain" is in reality a loss of 90,000 jobs.

We desperately need a WPA style jobs creation program. Instead we're getting tax cuts and cutting people off from unemployment insurance extension.

Tone deaf and unwilling to fight, that's what the Dems in DC are giving us.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:40 AM
Response to Reply #4
6. My Dad Is Gone Now
But I saw my uncle on Thanksgiving. He told me that my dad dropped out of school at fifteen to work on a CCC project in Montana. He was from the Bronx...

America is broke.
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RockaFowler Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:46 AM
Response to Reply #6
7. We don't build anything in this country anymore
Look our infrastructure is falling apart. Put these people to work on the infrastructure. Then people will travel. Then people will spend money. Because as it is now if we don't put people back to work, no-one will spend money. My husband's unemployment runs out this month. That's it. And I would like to thank the Repukes for being the dicks I always knew they were. The Repukes had 8 years and they ruined this country. Now the idiots in this country put those guys back in charge. God I feel so sad for my country.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:50 AM
Response to Reply #7
9. My Fiancee And I Are Unemployed And Underemployed
I think it's likely Congress will be forced to extend benefits but we like your husband would prefer to work...
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RockaFowler Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:05 AM
Response to Reply #9
12. Good luck to you
:hug:

I hate what this is doing to our family. You know we used to have fun. Now all we do is worry about money. My husband had a great job with great benefits. He lost his benefits first (which meant that I had to put him on my insurance and I lost money) and then eventually his job. Construction work in Florida is barely nil. The unemployment rate in our county is 15% (and more if you add the underemployed). I'm sick and tired of crying. I just want to live again.

I'm writing another letter to Congress. No-one has replied to my previous one yet.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:16 AM
Response to Reply #12
16. I Was Living In Fort Lauderdale Until October
I met a contractor who found a job after looking for nine months so there's hope. It just takes a lot of time...
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:49 AM
Response to Reply #6
8. What's even more astonishing is that a lot of our infrastructure hasn't been updated since the '30's
Our infrastructure is crumbling, namely because a lot of it has been neglected since the days of the WPA and CCC. Virtually every town around my area has a school that was built using WPA money. There are tons of bridges throughout the country that were built in the '30's, and now need to be replaced. Rural electrification, roads, all this infrastructure and more was built as a direct result of the WPA. This infrastructure is what allowed for our post war prosperity, at least in part.

But now our infrastructure is crumbling, and is out of date. We're losing out, on money, on economic competitiveness because our infrastructure is so bad. What better time to repair and upgrade for the future?

But instead, we worry about tax cuts, the least effective form of economic stimuli going.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:17 AM
Response to Reply #6
17. I wonder if my dad knew your dad...
My dad, from Brooklyn, joined the CCC as well. He was around the same age as your dad when he joined.
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DemocratSinceBirth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:25 AM
Response to Reply #17
19. I Never Knew My Dad Was In The CCC Until My Uncle Told Me Recently
All I knew is he was essentially on his own since he was fifteen.
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Mayflower1 Donating Member (43 posts) Send PM | Profile | Ignore Fri Dec-03-10 09:54 AM
Response to Reply #4
25. government-created jobs
I don't see how adding billions more to the budget for government-paid jobs (with all the added perks that come with them) is going to help. We need a sound private sector to create jobs that will yield more tax base to pay for the gov't jobs we already have.

The private investors and job-creators are losing any "hope" in this administration. I think it's becomming obvious that as far as the economy is concerned, thing are not going well for Obama. I know I'll get enemies for saying this, but no one can reasonably argue that the economy is doing well.... can they? Please, give me some hope.
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Le Taz Hot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 08:58 AM
Response to Original message
10. Holiday hiring.
They'll be lost again in January. No gain PLUS new unemployment claims were UP last week.
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newportdadde Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:25 AM
Response to Reply #10
20. Holiday hiring - even with that we get bad numbers.
I don't believe we are in a real recovery but even I was expecting good news based on our coming up on the holidays and the temporary hiring that means. So these numbers in effect are probably much worse.
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:47 AM
Response to Reply #20
23. dupe
Edited on Fri Dec-03-10 09:50 AM by tritsofme
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tritsofme Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:51 AM
Response to Reply #20
24. The numbers are seasonally adjusted.
So variation based on seasonal factors shouldn't really show through to the topline number.
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OlympicBrian Donating Member (456 posts) Send PM | Profile | Ignore Fri Dec-03-10 09:04 AM
Response to Original message
11. Post-Recession Job Recovery Hampered by Offshoring
Edited on Fri Dec-03-10 09:31 AM by OlympicBrian
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OlympicBrian Donating Member (456 posts) Send PM | Profile | Ignore Fri Dec-03-10 09:08 AM
Response to Reply #11
13. What YOU can DO about it
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 09:29 AM
Response to Original message
21. DOW is up 107 points!!! Great News!!!
meanwhile 90,000 jobs are lost..... good grief.
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Mayflower1 Donating Member (43 posts) Send PM | Profile | Ignore Fri Dec-03-10 09:58 AM
Response to Reply #21
26. Yesterday the DOW was up 107
Today as of 2 min ago, it was down 22 pts.
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Ichingcarpenter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-03-10 10:02 AM
Response to Reply #26
28. It just went down... when I looked it was up 107
when I posted that ... your'e right it did go down.



Don't worry wallsteet doesn't care about unemployment
so it will go up until the wikileaks banking memos come out.

The stock market is a scam.
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