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People Would Could Only Get Part-Time Jobs Decreased -4.38% in December 2011

December's unemployment report had a little indicator of better news. A recession indicator, those forced into part-time hours due to slack economic conditions just plummeted. Overall, people being forced into part-time jobs declined by 371,000 in a month, to a tally of 8,098,000 people.

Unemployment 8.5% for December 2011 - 200,000 Jobs

The December 2011 monthly unemployment figures show the official unemployment rate dropped -0.2 percentage points to 8.5% and the total jobs gained were 200,000. Total private jobs came in at 212,000. Government jobs dropped -12,000. Temporary jobs also dropped -7,500. All other major job categories had payroll gains. Manufacturing gained a much needed 23,000 jobs.

 

Inflation Indicator CPI Is Zero for November 2011, 3.4% for the Last 12 Months

The November Consumer Price Index, which measures inflation, had no change, or zero from last month. The flat line was caused by a -1.6% energy decrease for the month. Food increased 0.1%. Gas alone decreased -2.4% in a month and food at home, or groceries, decreased -0.1%. Eating out increased 0.3%. Core CPI, or price increases minus food and energy costs, rose 0.2%.

CPI Down -0.1% for October 2011

The October Consumer Price Index, which measures inflation, decreased -0.1% from last month. The overall decline was caused by a -2.0% energy decrease for the month. Food increased 0.1%. Gas alone decreased -3.1% in a month and food at home, or groceries, increased 0.1%. Core CPI, or price increases minus food and energy costs, rose 0.1%. Core CPI is a Federal Reserve inflation watch number.

Job JOLTS - There are 4.17 Unemployed Per Job Opening in September 2011

JOLTS stands for Job Openings and Labor Turnover Survey. The September 2011 statistics show there were 4.17 official unemployed people hunting for a job to every position available. There were 3,354,000 job openings for September 2011, a increase of 7.19%, from the previous month of 3,129,000.

Unemployment Duration Decreased -2.72% , Those not counted Wanting a Job Increased in October 2011

The October unemployment report is yet another disappointment, with not enough jobs to keep up with population growth. The jobs situation has been dismal for 46 months. While the average time being unemployed decreased -2.72% from last month, the length of unemployment is still at record highs.

 

Job JOLTS - There are 4.57 Unemployed Per Job Opening in August 2011

JOLTS stands for Job Openings and Labor Turnover Survey. The August 2011 statistics show there were 4.57 official unemployed people hunting for a job to every position available. There were only 3,056,000 job openings for August 2011, a drop of 4.89%, from the previous month of 3,213,000. For the 37th month, JOLTS again reflects an absolutely horrific jobs market.

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