Paper Economy - A US Real Estate Bubble Blog: Envisioning Employment: Employment Situation November 2011

Friday, December 02, 2011

Envisioning Employment: Employment Situation November 2011

Today’s Employment Situation Report indicated that in November, net nonfarm payrolls increased with private nonfarm payrolls adding 140,000 jobs and the unemployment rate declining to 8.6% over the same period.

Net private sector jobs increased 0.13% since last month climbing 1.74% above the level seen a year ago but but remained a whopping 5.09% below the peak level of employment seen in December 2007.

Labels: economy, nonfarm payrolls, private nonfarm payrolls, recession, unemployment

6 Comments:

This whole notion of free trade is phoney. We are becoming a nation of financial services companies All these companies do is recycle money. The result is no useful products and services are being produced or sold. The idea that the bedrock of the united states economy can be a country of bankers financial planners financial researchers dealing with numbers marketing consultents' lawyers is completly false. I could go on and on but I need not. The intangable economy of sorts must be replaced with a real economy that produces or provides useful products and services that are really needed. Otherwise we will end up with a few bright CPA's with master degrees siting behind desks making a good living and everybody else cleaning the carpeting and emptying the wast paper baskets. For 6 dollars an hour. Every parents vision of a good job for their their children is someone sitting in front of a computer at some bank. Whats wrong with this picture everything.

By Dennis The Menance, at 7:53 PM
Just print more bama dollars.

By Anonymous, at 9:11 PM
Dennis you are so so right!

By Free P, at 5:26 AM
It's a good sign. Soon enough the economy will get stronger.
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