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Private employers added 206,000 jobs in November, according to a new report released Wednesday from payrolls processor ADP.
The monthly number was better than expected. Analysts had expected a smaller gain in November. October’s monthly gain in private-sector hiring was revised up to 130,000 from a previously reported gain of 110,000.
Each month, ADP releases a report on whether private employers added any jobs in the prior month. The report is often used as a gauge heading into the government's monthly employment report, which is due out Friday.
U.S. workers increased their productivity over the summer by the most in a year and a half but the gain was smaller than initially thought.
A more productive and less-costly work force can boost corporate profits. But unless companies see more demand, they're unlikely to step up hiring.
Productivity rose at an annual rate of 2.3 percent in the July-September quarter, the Labor Department said Wednesday. That was slower than the 3.1 percent the government estimated a month ago. Labor costs fell at a 2.5 percent rate, a slightly larger decline than the 2.4 percent drop first estimated.
Earlier, consultants Challenger, Gray & Christmas reported the number of planned layoffs at U.S. firms edged down marginally in November, though job cuts for the year have surpassed 2010's total.
Employers announced 42,474 planned job cuts this month, down 0.7 percent from 42,759 in October, according to the report.
November's job cuts were down 12.8 percent from the same time a year ago when 48,711 layoffs were announced. But with just one month left in the year, employers have announced 564,297 cuts for 2011, exceeding 2010's total of 529,973.
Cuts in the government sector accounted for 44 percent of November's layoffs, the eighth time this year the sector has led all others in monthly job cuts.
Of the 18,508 government job cuts announced this month, 13,500 were the result of civilian workforce cuts made by the United States Air Force.
"Over the past six months, we definitely have seen a shift away from the heavy government job cuts at the state and local level toward increased job cuts at the federal level," John Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. "The worst may be yet to come, as cutbacks spread from the military to every other agency in Washington."
Hiring plans fell sharply to 63,527 from 159,177 the month before. Most of November's gains were from seasonal workers being hired by UPS.
The report comes two days ahead of the key U.S. jobs report, which is forecast to show the economy added 122,000 in November.
The Associated Press and Reuters contributed to this report.
Leave a Comment:
This is a fairly optimistic report. But it will probably be offset by shrinkage in the public sector. At some point, the economy has to pick up strength.
MSNBC - You missed your cue. It was Obama who added these jobs.
Bull sh..t.
JK - it must be nice having it both ways... When jobs increase you can't help but say it had nothing to do with the President, but when jobs go down you say it has everything to do with the President. Crawl back into your Faux News hole.
Hope this continues, but monthly numbers are just a snapshot. Quarterly reports with sustained growth is what we really need to see.
What a bunch of hype! They neglected to tell us that most of the jobs were late month hires and seasonal. Many of which are part time.
Tim-1040943
We can give Obama credit for this, he hasn't destroyed Christmas,yet.
FED UP: YES!! You are so right!! THe sky IS falling!! JOBS are not real jobs!! It's just a HAT TRICK to make us THINK anyone is working!!! The payroll giant ADP is clearly in CAHOOTS with...um...someone!! Quick, back to your BASEMENT!!!
FED-UP
Did you even bother to read the article?
"Most of November's gains were from seasonal workers being hired by UPS."
The ultimate political get out of jail free card. When things go bad it's the other party's fault, when things go good it was what I did. Hence we've created a political system in which no politician has to take responsibility for their actions.
I would say this story is my weekly chance to remind people that this is going exactly as the model predicts for the extension of the Bush tax cuts at the end of 2010, but this is quickly turning into daily news supporting that fact. Please refer to my post here (#1.44 from August). Hiring grew as soon as it became apparent that taxes would not be raised, then the hiring leveled off. Once the new hires were comfortable with their new income source, they started spending. The economy grows.
This next step is proof that businesses feel better about their own situations and another round of hiring is commencing. As I noted, all very predictable results of the extension of the Bush tax cuts. That is unless they are threatened with higher taxes again or Europe tanks because the European governments have been acting like we've been acting, only longer.
One should also note that this rise in economic indicators is well after nearly all of the near trillion dollars of failed boondoggle "stimulus" has been spent. We don't need more of that kind of failure. We need more of the freed market success.
Bad news for the Republicans. Seasonal buying is up as well, look for economic growth to speed up just a little bit from a crawl.
Yes, but how many of these were just seasonal retail work?
Eric, please see #1.9.
Fed-up: Did you even read the article? Re-read the second last paragraph is says exactly that. Some just like to hate.
If we can't move up the 2012 election the Republicans may have to change their platform and not run against two wars, failed economy, no jobs and a huge deficit - all of which they created.
Yep, I read it Mike, but sadly for you, the stimulus worked. Look at any GDP grid. Here are some charts for you. The last chart shows you the effect from the stimulus.
You've got a long way to go to convince me that tax cuts create jobs. The "uncertainty" argument is meaningless, businesses know where they stand.
http://ourfuture.org/blog-entry/2011083428/three-charts-email-your-right-wing-brother-law
...............No thank to the gop in the house that got voted in 2010 over the jobs their mantra b.s.(instead pizza sauce is a vegetable).......................way to go MR.President...................22 months straight private sector job growth.............& the insane gop primary clown car goes off the cliff with today's talking points
Man - If you don't agree with Fed-Up - that is fine - but don't collapse his or her input. I have never seen anything so silly in my entire life. People have the right to voice their opinion and just because it is different than the majority - it does not deserve the right not to be seen and in this case - collapsed. In my opinion - Grapevine needs to get rid of that all together. What a boring world this would be if we all agreed! Healthy intellectual debate is good for the mind as "a mind is a terrible thing to waste".
My niece's husband starts a seasonal job at ups next week. He has been working for schwan's, hope this one becomes permanent, not likely I suppose.
Eric, unless the job number doubles the rates won't fall significantly so nobody will have anything to harp on.
And if the numbers do get to 400k-500k inflation is going to hit like a hurricane due to the Fed. The current 4-5% will look mild.
Some of the comments here are absolutely hilarious. My favorite is this one from Tim 1040493: "it must be nice having it both ways... When jobs increase you can't help but say it had nothing to do with the President, but when jobs go down you say it has everything to do with the President. Crawl back into your Faux News hole."
The above quoted comment must be some sort of parody. Otherwise how can you explain such hypocrisy? For the past THREE YEARS, Obamabots have claimed that ALL of the bad news we have heard about the economy is someone else's fault. But every time the economic news is better than expected (206000 jobs in a month is still pathetic)they claim it is because of Obama. This has gotten so pathetic, that they even do this on a week to week basis. One week a gauge of economic growth can be terrible, and we are told it is the fault of George Bush, a man who has been out of office three years, or Congressional Republicans. The next week, the news is better than expected, but still historically bad, and all of a sudden the man who was not to blame for the bad economic news the previous week is suddenly responsible for the better-than-expected news this week. It is hypocrisy to the point of being surreal.
Obama has been in office for a little over 34 months, and FOR ALMOST THAT ENTIRE TIME, INCLUDING MORE THAN 20 STRAIGHT MONTHS, UNEMPLOYMENT WAS AT LEAST 9%. Yet some of the posters here have the nerve to tell those of us who criticize Obama for his absolutely horrible economic record that we want it both ways? You have got to be kidding me. This entire comment section is filled with nothing but Obamabots who want it both ways. Sorry, but you don't get to claim in one sentence that Obama is not to blame for the record string of 9% or greater unemployment, AND FOR THE RECORD, UNEMPLOYMENT IS CURRENTLY AT 9%, the record high debt, the record high deficits, the record low home sales, the record decline in home prices, the record decline in wages, the record long term unemployment, the record high foreclosure rate, the record numbers requiring government assistance, the record high poverty rates, the list goes on and on and then turn right around and claim that Obama somehow deserves credit for an employment report issued by a private company that has been so far off in its projections in the past that it is barely credible anymore.
I will gladly admit that Obama deserves credit for any good economic reports the minute his nauseatingly worshipful sycophants admit that he deserves somoe of the blame for the string of bad economic news that has lasted the entirety of his presidency. I won't be holding my breath, particularly when his sycophants are like the morons who wrote the following: "conservative don't want any job growth". Yeah, sure thing moron.
Of course, what can be expected from imbeciles who label as wingnuts anyone who points at that the gains are from temporary hires EVEN THOUGH THE ADP REPORT ITSELF SPECIFICALLY MENTIONS THAT MOST OF THE GAINS ARE FROM SEASONAL UPS HIRES.
Wow... what a mish mash, both in the article and in the comments. There are two reports here from two different sources.. neither of which is the "official" government jobs report which won't come out until Friday.
First, while the ADP report tends to match the BLS private sector jobs picture over time, it isn't official, and they have diverged significantly in many specific months. I do also believe that the jobs market will be stronger when the official numbers are released Friday; but that report includes government numbers, which have been decreasing for over a year now. The ADP report is seasonally adjusted, so any stuff about UPS hires should just be ignored when discussing ADP numbers. (In fact, the comment about UPS hires was made in the Challenger report, discussed below, not the ADP report.)
Then there is the Challenger report. This report does NOT appear to be seasonally adjusted. So comparing the two reports is somewhat like comparing apples and oranges.
Also, the Challenger report, in reporting on layoffs, talks about "planned layoffs". "Planned" layoffs DO NOT EQUAL actual layoffs. The BLS JOLTS report (Job Openings, Layoffs, and Turnover Survey) which is a report of ACTUAL layoffs, shows fewer layoffs in 2011 than in 2010 for every month except September, and the increase in September 2011 over September 2010 is very small.
Now, we don't yet have JOLTS numbers for October; those won't be released until December 13th. Quite frankly, there is not appear to be much correlation between the BLS JOLTS reports (the number of people actually laid off) and the Challenger reports (which announce PLANNED layoffs).
Eric, I can't believe you're still trotting out those tired charts that were debunked months ago. That's either lazy or masochistic.
As for your contention that the private sector had burgeoning growth a year (and more) after the recession was over, this should put that to rest:
In case you're counting that's a tiny 10,000 increase from July to August and then a 39,000 decrease from August to September. BTW, this from the October report -- the very next month -- when it was clear in the second half of the month that the tax rates would be extended.
Or how about the November 2010 report when the trend continued:
And December 2010 increased by 297,000 jobs, following suit. You'll notice in those reports what a high percentage of the jobs were created by small businesses owners. You know, the people who the raised tax rates would have negatively affected.
According to ADP reports, the worst month in private sector job growth since it became obvious that the tax rates would be extended (May 2011) was only 5,000 less than the best month in the 6 months prior to it becoming obvious, and May 2011's growth was less than half of the second worst month since it was known the rates would be extended.
"Cuts in the government sector accounted for 44 percent of November's layoffs, the eighth time this year the sector has led all others in monthly job cuts."
So can someone explain how Obama is "expanding the government" when the government has lost the most jobs for eight out of 11 months? Every government spending cut costs jobs.
Heartlight3, if you added 100 then subtracted 40, what you've really done is increase by 60, not reduce. It's really not that hard to understand.
@mikeinSA, the charts have never been debunked because they are true.
Google jobless claims chart and look for yourself. The trend is going in the right direction. I'll give you that it might not be fast enough, however, I doubt the Republicans "tax cuts for jobs" or the latest "deregulation creates jobs" would have done any better.
Those charts have absolutely been debunked. They're laughable. They count spending and deficits from "Bush budgets" that the Dems purposefully did not ever even submit to him because they knew he would veto them. Those budget items were, in fact, advanced and signed by Obama himself with the help of a super-majority Dem Congress.
As for your challenge to "Google jobless claims chart" and look for myself...as a function of business cycle, of course jobless claims went down immediately following the recession peak. Any person with even a passing interest in economics would expect this to happen. This is especially true when the government is paying people to do make-work. What one would expect is a continued recovery though. In fact the truth largely holds, "The bigger the dip, the bigger the bounce." The problem with the Dem stimulus policy was (is) that it was (is) not sustainable as one can easily see in those same charts. Starting 6 months after the recession ended (Jan 2, 2010) jobless claims were running at 462K. Immediately before it became apparent that the Bush tax rates would be extended, guess where jobless claims stood...463K (Oct 9, 2010). They had actually gone up over those 9 months! The inflated government spending level was -- and is -- not sustainable and the jobs that were created were largely agenda driven, boondoggle jobs...jobs that would leave as soon as the taps were shut back off. That proved to be true. As soon as spending started to wind down, so did job creation. That is not what is happening now. Job creation since mid-October 2010 -- when it was obvious that conservatives were coming to Capital Hill en force and the tax rates would stay the same -- has been private sector, economically "organic", and sustainable.
BTW...as noted as an expected outcome from the rate extension, the jobless claims immediately dropped once it became obvious that those tax rates would be extended dipping for that 463K on early October to 404K by January and now sitting below 400K. So I suppose I should thank you for motivating me to pull out the charts to prove my point.
This report looks good, then bad, then good, then bad. So many numbers conflicting with each other. I am impressed with the amount hired and hope it continues. But why so many planed layoffs? That's a lot of people to let go in the next month.
It's holiday work, and more people will be hired because people are buying more this xmas. Maybe more companies will keep some employees we'll have to see.
Layoffs and planned layoffs are still considered good news for stockholders since it means cutting even more costs to stay competitive. That's what happens when short-term profits are the main and sometimes only goal.
That will change soon, though, when consumer demand hits the tipping point where companies have to start hiring to keep up with that same competition that is being more competitive by producing more units by increasing their workforce. A lean team is great business sense for lean times, but puts a real damper on how quickly you can react and deliver when the large orders start coming in again. The companies that can fill those orders will steal the business from those that can't and are relying totally on temporary help who will be quitting the temp agencies when they can find more stable jobs. Smart companies should start reviewing the resumes that have on file now and start interviewing to grab the best people before their competition does. Older workers putting off retirement will also be leaving with an uptick in the economy, so there could also be a lot of backfilling to do.
Companies that have taken advantage of their employees in lean times by overworking them and cutting back on pay and perks and regarding them as expendable may be in for a rude awakening when a good chunk of their workers jump ship to work for the competition offering better work with better pay and perks. Sure, they can backfill, but that costs both time and money getting up to speed that wouldn't be needed with their experienced workers. You reap what you sow, so it'll serve them right.
Holy crap! I can't wait for that. I will be laid off in 2 weeks after spending the last 7 1/2 years with my company. I have seniority in this small business but there is no more work here and we have shrunk from 15 down to 3. I will be the next casualty.
Love how optimistic you are. Hope I can find some of that in spite of the fact that there are no jobs out there for me currently.
I am optimistic in the longer term. If it wasn't for the Euro problems starting with Greece wrecking havoc on the markets, we'd probably be seeing a rebound by now. Nobody expects a rapid recovery, but we would have had some good numbers in several areas by now if the European banks didn't add more poison to the well. If anyone has any doubts that the Euro situation is weighing heavily on our economy and recovery, just look at the stock market jump today in reaction to the Fed and the reactions both positive and mostly negative over the last couple months on each prospect of a country in possible default.
Sorry about your situation, onejulia... I've been there and had to take a lower paying job since that was all I could find. Hopefully things will get better, but wages will definitely lag and benefits will probably never be the same as they were. If you noticed, I purposely used the word "perks" instead of benefits.
The 2nd to last paragraph says it all. Seasonal uptick. FOO!
Here come the wing-nuts with the rationalizations (e.g. its all temp work for xmas).
Um....I'm not a wingnut, but I can read...assuming the article is factually correct, those are the facts....
And maybe the left can spend some more time complaining about how the do nothing GOP congress is impeding job growth progress. You can't have it both ways. And don't give me any speculative crap about how it would be so much better if Congress had done something.
Yes, the wing nuts whiners never quite get that "seasonally adjusted" thing (unless there's a Republican in office)--
The congress is do nothing. They block, stall, and obstruct everything, hence the super committee failure.
Nevertheless, the economy and jobs are getting better despite their best efforts to keep the economy and jobs from growing.
Eric - I understand that it's beyond your small circle of comprehension but it is just as likely that things are improving because Congress is doing nothing rather than in spite of. Once the bleeding was stopped, gridlock is better for business growth than worrying about the next thing Congress might do to screw things up.
The only job growth the GOP wants is low wage, no benefits positions. They want high unemployment because it depresses the wage expectation.
Low wage jobs mean more money for the owner to keep for himself. every dollar he doesn't have to spend on wages equals an additional dollar in his pocket.
Let's send more jobs overseas and increase the competiton at even lower wages.
Capitalism = exploitation of resources for personal gain. Plain and simple, profit at any cost.
I am shocked and amazed every day when i see idiots flocking toward capitalistic policy that is fed to them under the guise of hatred, religious stupor and devisiveness. With all the problems we are having we certainly don't need to concentrate on whether to faggots or dykes are getting married, whether people want abortions or whether we need to argue about imigration policy affecting millions of people 10 years after the fact. The GOP basically invited these people here for their low wage labor, now they want to use this as a divisive issue to motivate people to vote for them when it is against their own interest.
Brian, the gains made thus far in the economy were due to the stimulus. Cutting spending stalls the economy.
It's clear what needs to be done, and we would be farther along had Obama's policies not been blocked as they were.
Eric -
Please feel free to remove your party issued blinders any time.
ugh, it's just the middle of the beginning, as we move back and forth, in different directions.
Congrats to those 122,000 people who were hired. Not so good news for the 9% (or the more realistic 12-15%) of people who still don't have a job.
Same Crap different year...Obamanation at it's Best.
yea...lets all give money to millionaires, that always works lol. Oh wait...no, it hasn't. Ops, my bad.
Don't forget all the other Presnations and congressnations.
Seasonal hiring - it will evaporate after the festive season.
Wing-nut
Therman -
Is it getting better or is the GOP Congress keeping it from getting better?
Congress is neither GOP or Dem. The GOP led House has passed 22 bipartisan job bills and the Dem led Senate is holding up 15 or more of those bills.
Bill that is pure bullsh!t.
Therman -
Afraid to answer my question?
Congress passed 22 bills, not bipartisan. Why don't you actually look at them instead of watching Faeux news for your facts. Every one of those bills help the"JOB CREATORS", not the real people...oops, I forgot the conservative US Supreme Court said corporations are people. Just more trickle down effect...give to the rich an whatever they don't want trickle down their leg. Been 10 yrs with the Bush tax cuts, wheres the jobs?
And yes, congress is GOP look at the numbers. Remember the GOP wants no new taxes on the job creators, just the workers. No more big government, unless its to push the middle and lower class down where they belong. Sounds like a typical politician, doesn't it?
When people stop being stupid and voting purely on red or blue and actually start doing some real research they will find that 99% of what every one of these politicians say is pure BS.
If you this recession to be worse than "The Great Depression", vote Republican...just think we will have what they have been striving for so hard...no minimum wage, no child labor laws, forcing you to be Christians, removal of ALL workers rights, people dying in the streets from lack of healthcare, grandma being thrown in the streets because she bought meds instead of paying rent, changing the constitution to reflect only Judea Christian laws and beliefs, no more rights to protest, no more rights over your own body, doubling the amount of prisons, no warrant wire taps for all Americans, Waterboarding becomes common practice at the police station, people disappearing off the streets...oh my God, this reminds me of the USSR and the KGB.
Don't believe me? every one of these examples are prime talking points of the politicians and GOP hopefuls. Just not put together like this, so you won't know or realize it until it's too late.
Remember a vote for a Republican is a vote for Communism...get ready to say yes,Comrade.
Thermen Merman:
An inconvenient FACT:
Harry Reid has become the "Little Dictator" for the Country, deciding which bills he can't get shot down in the Senate. Bills, I might add, were passed and polls showed were wanted by the CITIZENS.
Can you imagine Harry's embarrassment if they got passed and Obama had to veto the WILL of the PEOPLE in an election year?
The simple fact is: Passing these bills would be in Obama's favor! If they did stimulate the economy, as promised, Obama could take credit for "crossing the aisle" to move the country forward. If they failed to do any real good he wouldn't need $100 in his re-election campaign "war chest" because he could simply say "I told you so..." and he'd be a shoe-in...
As it is, good 'ole Harry has his head so far up Obama's ideological (you know what) that Obama needs to get a plastic window in his abdomen so Harry can see where they are going.
The PARTY OF NO is Harry Reid, all by himself... He's afraid there are too many Democrat Senators that might lose their seats if they don't vote for these bills. You know, the ones who aren't HARD CORE ideologs and actually want to do something for the COUNTRY!
The SIMPLE question is: Why not let them pass? After all, nothing in Obama's quiver has produced any positive results. What harm can they do if they do nothing? Maybe set us back a couple of months? Give Obama a landslide victory if they fail?
Remember, Obama's ONLY job before getting into mainstream politics was figuring out how to get money from the Government to give to the ghetto dwellers. A "mini redistribution of WEALTH" just like he wants to do to the entire country on a GRAND SCALE!
This is the GREATEST Country on Earth... Help me change it!
Quite simply put the whole "there are 22 jobs bills on Harry Reids desk" is only silly words the gop are extremely happy you bought. These "jobs bills" AREN'T jobs bills, they are BS bills that forward gop agenda that they slapped the jobs moniker on to make parrots talk about how great the bills are without actually reading them. Its like right before Obama's actual jobs bill went to the floor some GOP brat forwarded a bill with the same name so they could steal the name away, and it had nothing to do with jobs.
Half of those bills are just deregulation BS, and I guarantee those deregulations will probably cause a loss in jobs (especially those that cut funding to regulation agencies). So your starting at the wrong facts before making suppositions about how these bills won't hurt and can only help since they are jobs bills, because they aren't jobs bills.
One of these "Jobs" bills just reduces the rate that social security gets paid, HOW DOES THAT CREATE JOBS?
While it does not state so in the article, in checking the ADP website and FAQ regarding its jobs report - the ADP data *IS* seasonally adjusted. So, while the spike may be related to seasonal hiring, it is related to seasonal hiring at a significantly higher level than normal.
The wing-nuts liked it better in Nov. of 2008 when the economy LOST 800,000 jobs.
Walmart, Target hired most of them. figure 10 to 15 employees per store hired for holiday seasonal help. come Jan, maybe 2 will be kept on, that would replace the 4 fired or quit during the holidays at each store. If the government wants real results. they should get out and check the pulse of Americans not read reports from the payroll service providers of the largest employer in America.
Well I tend to agree with you!!!
If it is truly a positive sign then please explain, other than seasonal jobs, just where the growth is. The numbers are offset by too may bad signs.
obviously a bunch of liberals at ADP
Ya, for the Christmas season, and with low pay, no benefits, and in Jan they will get the boot. These so called "jobs" and most of them are nothing more than part time, fill in, going know where job.
Steven - I think you are right! We have been told nothing but lies about jobs and the unemployed for so long - you can't believe anything you read. The unemployment number cracks me up! What do they do with the people who have exhausted their benefits - they fall off the table right? I am not sure - but just curious. When they fall off the table - their unemployment number drops right? So when they say the unemployment rate is 9% nationally - is that number only those receiving unemployment checks? If you had the ones that have exhausted that damn number has to be higher than Oprah Winfrey's bank account balance!
More funny numbers! They are so full of crap! It is the same with the unemployment calculation. One week - the numbers are improving - the next week - they have increased dramatically! Up and Down - Up and Down.
I am sick of the funny math crap and the lying progress stories that keep being posted!
Job growth= bad news for conservatives, who are praying and praying for bad economic news. I wonder if any of these Fox Noise viewers realize that 100,000+ jobs added each month are better than the 750,000 jobs LOST EACH MONTH in Bush's last days in office. I guess they have "forgotten" that fact every time they say that "Obama is trying to destroy America" and has "made things worse".
Let's face it folks, this article is a Jedi mind trick. 206,000 people took minimal pay retail jobs for the overhyped Christmas season. This is offset by a projected 550+K layoffs for the year. The government it doing its best to mask the dreaded "D" word - depression. Why do you think they have always reported unemployment at less than 10%? Over 10% is depression. Actual uneremployment/unemployment when counting all people who have stopped looking for work is around 16%. Facts don't lie - the gov't does. Now they are catching up with the rest of us by adding 44% this month of layoffs from the gov't.
BFD. The jobs "created" are probably crap jobs with low pay - no future. Until we bring jobs back to the US our present economy will be our future economy. And I mean decent wage paying jobs with future and security. Manufacturing jobs, clerical jobs, data entry jobs, computer jobs. You know the millions of US citizens that have been told by Corporate America and Washington - "Your skills are useless, you cost too much, so sad, bye-bye".
To those who say "the jobs that left are never coming back" - I say fine, but neither is our economy. Good bye jobs for middle class, hello ridiculous profits for the corporations and hello third world.
The Republicans are just hoping for a BIG down turn next year so they can get their man in the presidency. Only problem is this will take years to get out of it. More than two terms from any president.
Liberals get so excited by this news. Guys most of this number is seasonal jobs. Secondly how many of these jobs went to workers that were making 6 figures a year and now are working for just above minimum wage. That does nothing for the economy. It's one thing to create jobs but is is an entirely different thing to create quality jobs. The jobs tht were lost were quality jobs and to replace them with lower paying jobs isnt going to solve the economy problem. For example i know a guy tht was workign and making $110G per year in the spring of 2009. His job was sent off-shore to india and it took him 16 months to find a new job and he had to settle for $75,000 per year. That is a lot of money to lose and worse to take out of the government coffers. Now he not only can't maitain his house payment but he can't afford to buy products other than necessities. This causes the economy to skrink whenyou think of the millions this happened too. Plus he ws lucky to fine the employment he did. many of those millions are still not working or working at McDonald's. Put people back to work at qualiyt jobs and lower the unemplyment rate and the revenue wil begin to flow again. Continue on the Obama path and the Nation will fail as hve allthe other nations on the same tax and spend spree they have been on.
Poor guy, I wish I could have had a job making 75,000 a year during the past 10 years. He should have saved some of that money and bought a house he could afford.
I hate liberals too. Aside of seasonal employment, businesses must be feeling good about the gop taking over because all of the business owners I know despise the anti-business democratic tax and spend machine.
Easy solution....... Get the 3 trillion dollars back into the economy that was yanked out of the economy by greedy hoarding businesses and individuals prior to Bush leaving office. TAX them to death on it unless it is re-invested into the economy. Make them share the risk and volatility theat they are forcing on us every day.
Capital gains cuts made it easy and profitable to do so.
Eliminate the incentive and watch the money trcikle back.
What capatilist wants to pay someone fair wages and good benefits? That is less for them to keep for themselves.
Capatilists would love to have us dependent upon $3/ hr jobs with no safety net to fall back on such as unemployment or welfare.
ihateliberals-3787409
Read your post before your last line and ask yourself... "how did we get here?"
Like maybe your "non-liberals" spent like drunken sailors and didn't bother to fund ANYTHING?
Like maybe your non-liberals decimated our regulatory environment in the name of "starve the beast" and allowed the most blatant and irresponsible Wall Street gambling to take us to our knees?
Like, exactly what have you non-liberals done to try to help the situation and create" the quality jobs you cry so much for?
I have no idea how you people can even look at yourselves in the mirror... or how you even sleep at night. You are the LAST ones qualified to give any advice whatsoever.
Save your Fox babble for someone else that gives a damn what you say.
This is incrementally good news and is the best we can hope for in the near future. Given our climate of negativity and our do-nothing Congress, it's the best we can hope for.
Bottom line is that we've already lost more jobs this year than in 2010. Can't spin that.
Cite your sources please.
7th paragraph of the above article.
"Earlier, consultants Challenger, Gray & Christmas reported the number of planned layoffs at U.S. firms edged down marginally in November, though job cuts for the year have surpassed 2010's total."
Yes - that means that job cuts have surpassed 2010 - not the net gain vs. loss.
If you look at all jobs created compared with all jobs cut - you'll see that we've increased by nearly 1,314,000 jobs as of October (here's your Link: http://mollysmiddleamerica.blogspot.com/2011/11/jobs-numbers-month-by-month-2011.html ) The figures are from the BLS.
So - try your assertion again.
Roy,
I'm with you in that there is so much spin circulating that it is difficult to know the truth. I can tell you one thing, though... with all the thousands of news sources available, Fox news is not where you get truth and clarity.
Ebeneezer is right and these facts have been posted almost everywhere... except (guess).
It's Xmas retail time. Wait till after the holidays...
I am surprised the number is that high since the conservatives don't want any job creation.
Who took all of those minimum wage jobs? I know that the owEsers think less than $20 per hour to start is beneath them.
Um, if you paid attention, 44% of those cuts were in the government sector. People wanted a smaller government. When you shrink government it puts people out of work. You can't have it both ways. There are plenty of jobs out there for people who want to work. I found two jobs within 8 months. Both paid well above minimum wage and the one I'm currently in is in the same career field I was in before Wall Street melt down/recession/mass layoffs out of fear happened. There are tens of thousands of jobs in my state alone from entry level retail and warehouse to skilled trades and engineering. There's always truck driving jobs available everywhere. Many of the nongovernment jobs being cut are temp jobs or people that aren't good workers. I've been there done that and seen it for myself. I take these articles with a grain of salt because they are guesstiments that are based off of half assed reporting.
Support manufactoring companies in the USA==jobs for americans
Support/purchase "made in China= jobs for Chinese and more profits for companies that outsource jobs
206,000 sounds so trite when you consider that there are 30,000,000 million Americans unemployed/underemployed. We are constantly being lied to by the lap-dog media that everything is improving when we are very close to a total collapse of the economy. We never hear about all the banks that are going under every week. More and more businesses have go under and the total is increasing. Americans seem to have the idea of let us have a big party until all hell breaks loose and then we will worry about the consequences. No one takes any responsibility any more and this is from the presidency right on down to you and me. America is drunk on consumerism and this point will be borne out by the upcoming holiday season. America sinks deeper into debt, both public and private, and no one seems concerned or cares even though there is a day of reckoning racing towards us like a runaway freight trail.
Employment is up and retail sales profits are up. It's Christmas. Excuse me governor of RI, I'm sorry I used the word Christmas. Many times over the years, those hired at this time of the year are given permanent jobs. It's pretty amazing to me that those crying for downsized government are upset at the government layoffs. It just goes to show ya, you can't please everyone all of the time. No matter what, there are those who have to find and capitalize on the negative. Ask those who have found these jobs how they feel. I'd be willing to wager that they're pretty happy to have money coming in so that they and their families can enjoy Christmas, especially those with children.
Merry Christmas