In response to:

Unemployment Rate Drops to 7.7 Percent

Petrus64 Wrote: Dec 07, 2012 1:22 PM
"you do know that baby boomers are retiring en masse, don't you?" And? That has nothing to do with the number of people in the Labor Market. That is what they use to calculate the Participation Rate. It's in the report Lo. Question to Libs; How many jobs per month are needed just to keep up with the new people entering the Labor Market?

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...