Lincoln Dumbkhoff, go play with your propaganda books.The US added 146,000 jobs in November, official data shows, as the economy seemingly shrugged off storm Sandy.
The unexpectedly strong performance brought the unemployment rate down to
a four-year low of 7.7% of the workforce.
The jobs figure was well above most analysts' expectations and continued a recent surge that begun in July.
Weekly jobs claims registered a sharp but short-lived jump in the number claiming benefits in the states ravaged by the storm last month.
"Our analysis leads us to conclude that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November," said John Galvin, acting commissioner at the Bureau of Labour Statistics (BLS), which produced the jobs report.
"On its surface, the drop in the unemployment rate doesn’t appear to have come through strength in the job market, but because of people dropping out of the labor force. There were 229,000 fewer unemployed people looking for work in November, but that was overwhelmed by a 350,000 decline in the total labor force. Indeed, the number of people with jobs declined by 122,000."
Following Sandy, unemployment filings up sharply in N.J.: http://tinyurl.com/azzxnl3
Der Fuhrer Boy Messiah has fiends in high places, Dood...