In response to:

Unemployment Rate Drops to 7.7 Percent

Bear Trax Wrote: Dec 07, 2012 9:53 AM
I wonder what the "unemployment publicity" rate will be when the Hostess, Citi, and sandy caused jobless hit the market, allmost all eligable for compensation. My guess 4.1 % another Obama miracle of modern accounting, just like the (aparently) disappearing 3 trillion in debt borrowing.

New numbers from the Bureau of Labor Statistics show the unemployment rate has dropped from 7.9 percent to 7.7 percent.

Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and healthcare.

Economists had predicted the unemployment rate would go up as a result of Hurricane Sandy. BLS said the storm didn't have a large impact on the new statistics.

Hurricane Sandy made landfall on the Northeast coast...