Oh, If This Is What Schumer Wanted to Do, Republicans Should Nuke the...
Bill Maher Delivers One of the Most Devastating Attacks Against the Left Yet
Some Democrats Are Admitting They Lied Before The Election
Slap Down The Slander
Missouri Official Makes The Right Move on Gun Control Proposal
A Quick Bible Study Vol. 242: What the Old Testament Says About Fearing...
With an Honest Press, Democrats Wouldn't Have Been Shocked at the Election...
Trump Attends UFC Fight With High-Profile Crew
What Does Trump’s Election Mean for Evangelical Christians?
MSNBC Guest Who Went After Pete Hegseth Facing Backlash From All Sides
How Elon Musk’s Government Efficacy Will Drive Out the Biden-Harris Admin’s Woke Agenda
Trump Taps Liberty Energy CEO Chris Wright for Department of Energy
Eric Adams Dropped Truth Bombs On The View
We Need to Stop This From Happening to Our Children
Trump Is Suing the Mainstream Media-- and They Ought to Be Afraid
Tipsheet

Unemployment Rises to 9.8%

November's .2% climb from October was a searing disappointment to economists who expected the rate to stay the same at 9.6% or decline. Business profits are up, and S&P 500 companies are sitting on buckets of cash -- but they're not putting that cash into their payrolls.  Instead, they're just getting more out of their workers.
Advertisement


The average workweek sat at 34.3 hours, and average hourly earnings increased by just one cent to $22.75. Between 15 and 27 million people are unemployed right now, and that's the way it's been for quite some time. WSJ:

The U.S. unemployment rate has now been above 9% since May 2009, or 19 months. That matches the longest stretch at such an elevated level since World War II. In the deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement