Unemployment 8.6% (user search)
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  Unemployment 8.6% (search mode)
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Author Topic: Unemployment 8.6%  (Read 6798 times)
Beet
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Posts: 29,019


« on: December 03, 2011, 12:55:05 AM »

I might as well post this now, as it'll likely be among the last bit of economic good news until after 2012, given the likely armageddon coming out of Europe:

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"Employers said they took on 120,000 workers in November, bringing job gains over the past four months to 534,000, Labor Department data showed today in Washington. A separate survey of households showed 278,000 more people were employed last month, pushing the increase during the same period to 1.28 million.

At turning points in the economy, the latter may prove more accurate because it’s more likely to pick up hiring at small companies and new firms that may be under the government’s radar. In another sign of recovery, the payroll figures the last three reports have been revised up by a combined 91,000 on average for the prior two months.

“Maybe we are doing a little better than the payroll survey suggests,” Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Massachusetts, said in a research note. “The payroll survey keeps getting revised up and up and up,” he said, and “the household survey is more likely to catch start-ups.”

http://www.bloomberg.com/news/2011-12-02/u-s-households-find-work-in-sign-job-market-better-than-payrolls-suggest.html
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