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View Diary: Unemployment To 8.6% - OBAMA's Recovery Leads The World (34 comments)

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  •  No it's not and heres' why... (10+ / 0-)

    ... yes, the NET increase does not look that big but you see a trend in that the revisions are all going up over the past three months,  not just in this report but previous revisions since September.   The number of people looking over that time has actually gone way up, by about a million people in the past 3 months.  That says that Octobers 9% was way better than Augusts' 9%.   This month the numbers kinda caught up, thus the dramatic downturn in the unemployment rate.   Also the U6 unemployment also went down a lot too.

    No, we don't get enough opportunities to celebrate.  Enjoy.  Maybe this is just proof that the real adults are in charge now.

    •  There's also holiday hiring to consider. (0+ / 0-)

      A drop to 8.6% looks like a promising start, even given the very significant caveats, but I think we have to see another 2-3 months' data first before we start patting ourselves on the back.

      Not to mention the fact that Europe could blow a gasket any day, which would send things reeling again.  Cautious optimisim is the order of the day.

      We reach for the stars with shaking hands in bare-knuckle times.

      by TheOrchid on Fri Dec 02, 2011 at 08:24:08 AM PST

      [ Parent ]

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