In response to:

Unemployment Rate Drops to 7.7 Percent

oldervoter68 Wrote: Dec 07, 2012 9:33 AM
See the great stimulator Obamacare will be. Companies will cut hours to 20-24/week, requiring the hiring of another person (at 20-24/week) to get the work done. Viola, UE is under 5%!!

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...