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New Unemployment Rate: 8.6%

The national unemployment rate dropped from 9.0% to 8.6% in November, the lowest level in over 2 years. Isn’t that great news? Well, mostly. 

The economy added 120,000 new jobs in November, the Bureau of Labor Statisticsreports, all in the private sector. But it’s not quite so simple: Part of the fall is due to the country’s shrinking workforce, which fell by .2% as 315,000 unemployed Americans simply gave up looking for work.

272 Notes

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  4. beyondredversusblue reblogged this from thedailyfeed and added:
    The economy added 120,000 new jobs in November, the Bureau of Labor Statisticsreports, all in the private sector. But...
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  11. holodrome reblogged this from freepressnews and added:
    Official unemployment rates have turned into propaganda wherever the principle of corporate rulership was established....
  12. freepressnews reblogged this from thedailyfeed and added:
    I THINK I’M GONNA PUKE
  13. gstps reblogged this from thedailyfeed and added:
    That’s about 31,000 jobs…by my rough calculation, yay?
  14. the-telescope reblogged this from thedailyfeed