U.S. gains 203,000 jobs in November

[Crabtownboy]

This beat predictions by the 'experts'. The trend is in the right direction.

The drop in unemployment largely reflects the return of federal workers after the end of the government shutdown in October, but the jobless rate is now at the lowest level since November 2008. Before the shutdown the unemployment rate was 7.2%.

The fresh employment numbers suggest the U.S. economy — after a midsummer pause — continues to expand at a moderate clip. Yet whether that’s enough to push the Federal Reserve to scale back its massive economic stimulus program before the end of the year is far from certain. The central bank has said it would not withdraw its stimulus until the labor market showed clear and sustained signs of improvement.

Hiring in November was strong in most industries, including transportation and warehousing, professional and business services, manufacturing, health care, construction and retail, the Labor Department said. The federal government cut employment again and has shed 92,000 jobs in the past 12 months.

http://www.marketwatch.com/story/us...-november-2013-12-06-81034916?dist=beforebell

 

[thisnumbersdisconnected]

And yet the actual number of people with jobs didn't budge. What's that tell you, CTB?

 

[church mouse guy]

About half of the jobs were government jobs--a burden to the taxpayer. I doubt if the Feds will cease "quantitative easing." If the Feds stop printing money, the stock market might collapse. The Democrats just cannot manage an economy. There are still millions of people unemployed, with no hope in sight.

 

[Don]

Oh, dear Lord. <slaps head>

We just had this conversation last month, and Crabby actually correctly identified why the numbers were better last month.

Now we have an admission that government workers resuming jobs that they actually didn't lose counts for the majority of the lower unemployment numbers; while also identifying that employment numbers are up in those areas that are typical for this time of the year (holiday season).

And the author tries to make a correlation with an upward economy without identifying how many of those jobs are permanent or temporary.

I personally won't acknowledge an upward tick in employment until February.

 

[Aaron]

This beat predictions by the 'experts'. The trend is in the right direction.

You're such a liar.

 

[poncho]

73% of New Jobs Created in Last 5 Months Are in Government

(CNSNews.com) - Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics.

http://cnsnews.com/news/article/73-new-jobs-created-last-5-months-are-government

 

[Crabtownboy]

Seems that many are missing the line in the OP that reads;

The federal government cut employment again and has shed 92,000 jobs in the past 12 months.

Poncho, and your quote is from December 2012

 

[InTheLight]

About half of the jobs were government jobs

Not so.

Federal government employment continued to decline (-7,000) in November. Over the past 12 months, federal government employment has decreased by 92,000.

Now we have an admission that government workers resuming jobs that they actually didn't lose counts for the majority of the lower unemployment numbers; while also identifying that employment numbers are up in those areas that are typical for this time of the year (holiday season).

Government workers resuming jobs they didn't lose don't even figure into the calculations. And additions to retail trade jobs is down for November compared to the monthly average.

Retail trade employment also continued to expand in November (+22,000). Of these 7,000 were in automobile dealers. Over the prior 12 months, job growth in retail trade averaged 31,000 per month.

The numbers can be found at the Bureau of Labor Statistics. Here are the numbers:

Employment in transportation and warehousing rose by 31,000 in November.
Health care employment continued to increase over the month (+28,000).
In November, manufacturing added 27,000 jobs.
In November, employment in professional and business services continued to trend up (+35,000)
Within leisure and hospitality, employment in food services and drinking places continued to trend up in November (+18,000).
Employment in construction continued to trend up in November (+17,000).

http://www.bls.gov/news.release/empsit.nr0.htm

The stock market knows these are real job additions. That's why the markets went up over 1%; 1.26% for the DJIA in spite of the news that this will surely cause the Fed to start tapering off the bond purchases.

 

[poncho]

Seems that many are missing the line in the OP that reads;



Poncho, and your quote is from December 2012

Hey yer right. So what's changed since then?

 

[thisnumbersdisconnected]

Not so.

Federal government employment continued to decline (-7,000) in November. Over the past 12 months, federal government employment has decreased by 92,000.

Government workers resuming jobs they didn't lose don't even figure into the calculations. And additions to retail trade jobs is down for November compared to the monthly average.

Didn't read Crabby's link, did you?

[URL="http://www.marketwatch.com/story/us-gains-203000-jobs-in-november-2013-12-06-81034916]Market Watch: U.S. gains 203,000 jobs in November.[/URL]​

The drop in unemployment to 7.0% from 7.3%, largely reflects the return of federal workers after the end of the government shutdown in October, but the number of people looking for a job also increased. The jobless rate is now at the lowest level since November 2008, according to Labor Department data.

Quite obviously, those jobs do figure into the equation. Otherwise Market Watch wouldn't bother explaining why the numbers are skewed by federal workers returning to work.

 

[InTheLight]

Didn't read Crabby's link, did you?

No, I did not. I prefer to look at the raw data myself and make up my own mind.

The drop in unemployment to 7.0% from 7.3%, largely reflects the return of federal workers after the end of the government shutdown in October,

Yep, that's why I look at the data myself. Anybody can see that at least 188,000 of the 203,000 jobs did not come from the government workers returning to work, they came from:

Transportation and warehousing, 31,000.
Health care, 28,000.
Manufacturing, 27,000.
Professional and business services, 35,000
Leisure and hospitality, 18,000.
Construction, 17,000.
Retail, 22,000.

 

[Revmitchell]

Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month.

At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. (The overall national unemployment rate fell from 7.3 percent to 7.0 percent.)

In October, governments around the country employed 19,726,000 people, according to data released today by the Bureau of Labor Statistics. In November, that rose to 20,064,000—a net increase of 338,000 people employed by government.
- See more at: http://cnsnews.com/news/article/ter...november-were-government#sthash.XTjQ9DsJ.dpuf

 

[Crabtownboy]

Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month.

At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. (The overall national unemployment rate fell from 7.3 percent to 7.0 percent.)

In October, governments around the country employed 19,726,000 people, according to data released today by the Bureau of Labor Statistics. In November, that rose to 20,064,000—a net increase of 338,000 people employed by government.
- See more at: http://cnsnews.com/news/article/ter...november-were-government#sthash.XTjQ9DsJ.dpuf

I think I will accept the Bureau of Labor's figures over a biased web site;

Federal government employment continued to decline (-7,000) in November. Over the past
12 months, federal government employment has decreased by 92,000.

http://www.bls.gov/news.release/empsit.nr0.htm

 

[Revmitchell]

Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month.

At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. (The overall national unemployment rate fell from 7.3 percent to 7.0 percent.)

In October, governments around the country employed 19,726,000 people, according to data released today by the Bureau of Labor Statistics. In November, that rose to 20,064,000—a net increase of 338,000 people employed by government.
- See more at: http://cnsnews.com/news/article/ter...november-were-government#sthash.XTjQ9DsJ.dpuf

I just want to point out that this article specifies all government jobs to include Fed, State, and local not just Fed

 

[Revmitchell]

And any current decline in government jobs does not take away from the fact that almost half of last months jobs were in government.

 

[Crabtownboy]

And any current decline in government jobs does not take away from the fact that almost half of last months jobs were in government.

Simply not true Rev. Even your own source says that employment in the government is down from a year ago.

I also noted they do not cite a source for their statistics which leads me to feel they simply make them up to suit their own political bias. They simply cherry pick what they want to pass on and ignore anything that does not agree with their bias.

As I said, I will take the BLS statistics over a biased web site that cherry picks.

 

[thisnumbersdisconnected]

Simply not true Rev. Even your own source says that employment in the government is down from a year ago.

You and ITL insist on having your heads in the sand over facts here, don't you? OK, great, jobs are down for the year at the government level. How does that negate the fact that nearly half the jobs created last month were in government? It doesn't.

Or do you fail to understand that losing jobs over an entire year was somewhat offset, but not completely, but increased government hiring last month, to the extent that, yes -- nearly half the jobs created were government jobs?

Let me give you a basic illustration so you can wrap your heads around this. I've got a bowl with a thousand chocolates sitting on my table. Every day for a eleven months, starting January 1, I take out two chocolates. That's 668 chocolates. In the last month, I put four chocolates back every day. That's 124 chocolates. For the year, there is a net decline in chocolates, but for the last month, there is a net increase compared to the month before. Got it? That's what happened with jobs in November.

I also noted they do not cite a source for their statistics ...

Irrelevant. Your own source stated the numbers were fueled by increased government hiring. Either support, or deny, your own sources. But arguing with them? Stupid. Done here.

 

[Earth Wind and Fire]

Lets make sure the baanksters get their big bonuses this year....while the middle class is being desimated. Good job boys:thumbs:

PS : there will be a reckoning & you are all going to hell.

 

[InTheLight]

Anybody can see that at least 188,000 of the 203,000 jobs did not come from the government workers returning to work, they came from:

Transportation and warehousing, 31,000.
Health care, 28,000.
Manufacturing, 27,000.
Professional and business services, 35,000
Leisure and hospitality, 18,000.
Construction, 17,000.
Retail, 22,000.

188,000 out of 203,000 leaves 15,000 jobs created in November from other sources besides those listed. It's not complicated. I suppose some could be government jobs.

 

[Crabtownboy]

You and ITL insist on having your heads in the sand over facts here, don't you? OK, great, jobs are down for the year at the government level. How does that negate the fact that nearly half the jobs created last month were in government? It doesn't.

You are wrong. From the BLS:

Federal government employment continued to decline (-7,000) in November.

Or do you fail to understand that losing jobs over an entire year was somewhat offset, but not completely, but increased government hiring last month, to the extent that, yes -- nearly half the jobs created were government jobs?

You are beating a dead horse. From the BLS;

Federal government employment continued to decline (-7,000) in November. Over the past 12 months, federal government employment has decreased by 92,000.

Let me give you a basic illustration so you can wrap your heads around this. I've got a bowl with a thousand chocolates sitting on my table. Every day for a eleven months, starting January 1, I take out two chocolates. That's 668 chocolates. In the last month, I put four chocolates back every day. That's 124 chocolates. For the year, there is a net decline in chocolates, but for the last month, there is a net increase compared to the month before. Got it? That's what happened with jobs in November.

Wrong again. From the BLS;

Federal government employment continued to decline (-7,000) in November.

Irrelevant. Your own source stated the numbers were fueled by increased government hiring. Either support, or deny, your own sources. But arguing with them? Stupid. Done here.

Wrong again. From the BLS;

Federal government employment continued to decline (-7,000) in November.

You may not like it. But according to the BLS the federal government reduced government employment by 7000. Note a reduction, not an increase.