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View Diary: Government reports 146,000 new jobs in November; unemployment rate drops to 7.7% (108 comments)

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  •  My local newscast this morning said it would be (2+ / 0-)
    Recommended by:
    citizenx, sethtriggs

    fewer than 100K jobs and put the blame on uncertainty over the fiscal cliff.  They actually are closer to what I expected than this report, and that 7.7% is going to change once we hit January if all those extended unemployment benefits end.  When people fall off those benefit rolls, will they also drop off this measure?

    •  unemployment benefits (1+ / 0-)
      Recommended by:
      ColoTim

      does not affect the measure.

      from BLS FAQ:

      Is the count of unemployed persons limited to just those people receiving unemployment insurance benefits?

      No; the estimate of unemployment is based on a monthly sample survey of households.  All persons who are without jobs and are actively seeking and available to work are  included among the unemployed. (People on temporary layoff are included even if  they do not actively seek work.) There is no requirement or question relating to unemployment insurance benefits in the monthly survey

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