Home > News > Unemployment drops to 10.0% as full time jobs remain unchanged, but holiday temp jobs picked up.

Unemployment drops to 10.0% as full time jobs remain unchanged, but holiday temp jobs picked up.

All I can say is that the numbers for January after all the temps are fired and the retail season end, will be… interesting.

The Obama administration gets a little good news this morning.  The unemployment rate eased back two-tenths of a point to 10.0%, only the second decline in unemployment since the start of the Obama presidency.  However, the number of chronically unemployed rose again, indicating that the front-line decrease does not capture the full direction of unemployment:

The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.

Hot Air » Blog Archive » Unemployment drops to 10.0%

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