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.
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.
The November 2011 unemployment report showed 120,000 new payroll type jobs were added. Additionally, September job growth was revised from +158,000 to +210,000. October nonfarm payrolls was also revised up, from +80,000 to +100,000.
The November 2011 monthly unemployment figures show the official unemployment rate dropped -0.4 percentage points to 8.6% and the total jobs gained were 120,000. Total private jobs came in at 140,000. Government jobs dropped -20,000. 22,300 of those jobs added were temporary.
Initial weekly unemployment claims for the week ending on November 5th, 2011 were 390,000. The DOL reports this as a decrease of 10,000 from the last week. The previous week was revised, from 397,000 to 400,000, an increase of 3,000. Still, initial unemployment claims are breaking 400,000 and this is a 7 month low.
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.
The October 2011 monthly unemployment figures show the official unemployment rate dropped -0.1 percentage points to 9.0% and the total jobs gained were 80,000. Total private jobs came in at 104,000. Government jobs dropped -24,000. 15,000 of those jobs added were temporary.
The September unemployment report is yet another disappointment, with not enough jobs to keep up with population growth. The jobs situation has been dismal for 45 months. Now we have a new record, the average duration of time being unemployed is at record highs for as long as the BLS has kept track, 1948. Below is the graph, which looks like a time bomb.
September's unemployment report is worse than the 58,000, sans striking Verizon workers, job growth. People being forced into part-time jobs skyrocketed by 444,000 in a month, to a tally of 9,270,000 people.
The September 2011 monthly unemployment figures show the official unemployment rate remained at 9.1% and the total jobs gained were 103,000. 45,000 of those jobs are not new jobs, but Verizon workers who returned back to work after being on strike. Total private jobs came in at 137,000. If one subtracts off the returning strikers, September showed 82,000 new private sector jobs. Government jobs dropped -34,000.
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