The November unemployment rate made a modest (and statistically insignificant) turn for the better with the claim that America only lost 11,000 jobs in November. That claim seems wildly suspect. It seems implausible that we went from losing 190,000 jobs in October to only 11,000 jobs lost in November
Weekly first time jobless claims fell from about 500,000 a week to around 450,000 a week by the end of the month. That is quite a lot of weekly newly unemployed to net only 11,000 jobsSource: The Strata-Sphere RSS Feed
No comments:
Post a Comment