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Reply #4: Unemployment rate falls to 8.6% in November; payroll employment rises by 120,000 [View All]

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mahatmakanejeeves Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-02-11 08:42 AM
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4. Unemployment rate falls to 8.6% in November; payroll employment rises by 120,000
Source: Bureau of Labor Statistics

THE EMPLOYMENT SITUATION -- NOVEMBER 2011

The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and
nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics
reported today. Employment continued to trend up in retail trade, leisure and
hospitality, professional and business services, and health care. Government
employment continued to trend down.

Household Survey Data

In November, the unemployment rate declined by 0.4 percentage point to 8.6 percent.
From April through October, the rate held in a narrow range from 9.0 to 9.2 percent.
The number of unemployed persons, at 13.3 million, was down by 594,000 in November.
The labor force, which is the sum of the unemployed and employed, was down by a
little more than half that amount. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men fell by 0.5
percentage point to 8.3 percent in November. The jobless rate for whites (7.6
percent) also declined, while the rates for adult women (7.8 percent), teenagers
(23.7 percent), blacks (15.5 percent), and Hispanics (11.4 percent) showed little
or no change. The jobless rate for Asians was 6.5 percent, not seasonally adjusted.
(See tables A-1, A-2, and A-3.)

In November, the number of job losers and persons who completed temporary jobs
declined by 432,000 to 7.6 million. The number of long-term unemployed (those
jobless for 27 weeks and over) was little changed at 5.7 million and accounted
for 43.0 percent of the unemployed. (See tables A-11 and A-12.)

Read more: http://www.bls.gov/news.release/empsit.nr0.htm



The server's just plain getting hammered.

Overnight, I heard estimates of anywhere from 25,000 added jobs to 150,000 added jobs.

Monthly Employment Reports

The large print giveth, and the fine print taketh away.

A DU'er pointed out several months ago that, if I'm going to post the link to the press release, I should include the link to all the tables that provide additional ways of examining the data. Specifically, I should post a link to "Table A-15. Alternative measures of labor underutilization." Table A-15 includes those who are not considered unemployed, on the grounds that they have become discouraged about the prospects of finding a job and have given up looking. Here are those links.

Employment Situation

Table A-15. Alternative measures of labor underutilization

From the February 10, 2011, "DOL Newsletter":

Take Three

Secretary Solis answers three questions about how the Bureau of Labor Statistics calculates unemployment rates.

How does BLS determine the unemployment rate and the number of jobs that were added each month?

BLS uses two different surveys to get these numbers. The "household survey," or Current Population Survey (CPS), involves asking people, from about 60,000 households, a series of questions to assess each person in the household's activities including work and searching for work. Their responses give us the unemployment rate. The "establishment survey," or Current Employment Statistics (CES), surveys 140,000 employers about how many people they have on their payrolls. These results determine the number of jobs being added or lost.
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