In response to:

Unemployment Rate Drops to 7.7 Percent

Henry VIII Wrote: Dec 07, 2012 1:13 PM
lois01 Wrote: 2 minutes ago (1:09 PM) you do know that baby boomers are retiring en masse, don't you? http://www.calculatedriskblog.com/2012/10/understanding-decline-in-participation.html Lowasse, I asked you a ton of questions down thread....why don't you answer them?

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...