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Unemployment rate drops to lowest point in four years. Do you think the economy is improving, or are more people giving up the job search?

Fox Report with Shepard Smith 2012/12/07 17:00:00
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The unemployment rate ticked down to 7.7 percent in November, but the economy continues to show vulnerability in the face of sweeping tax hikes and spending cuts hitting as early as next month.

The report showed the economy added a modest 146,000 jobs in November. But while the jobless rate fell from 7.9 percent to 7.7 percent, the lowest since December 2008, the dip was in large part due to people giving up the job hunt. The government also said employers added 49,000 fewer jobs in October and September than initially estimated.

job fair

Read More: http://www.foxnews.com/politics/2012/12/07/us-econ...

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  • impiety 2012/12/15 03:39:56
    More people giving up job search
    impiety
    You have the lazy ones who'd just prefer to live off welfare, then you have the lazy one's who mooch off everyone, and then you have the ones who are just tired of trying to find a job and have no education so they can't get an actual career going.
  • OPOA912 2012/12/13 21:21:09
    More people giving up job search
    OPOA912
    Don't just read the cover, look at the contents of why the rate is 7.7%. People have given up and the government is paying to make that decision. Food stamps for example is on the rise, WHY? if unemployment is going down, shouldn't food stamps? Wake up America, you're being fed crap and told it's a peanut butter sandwich by the government.
  • Steve 2012/12/13 20:34:26
    More people giving up job search
    Steve
    Oops, too late! The election is over and now:
    U.S. Unadjusted Unemployment Shoots Back Up
    WASHINGTON, D.C. -- U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup's seasonally adjusted unemployment rate is 8.3%, nearly a one-point increase over October's rate.
    http://www.gallup.com/poll/15...
    Liar
  • Bonita Colley 2012/12/13 16:27:24
    More people giving up job search
    Bonita Colley
    +2
    All you have to do is look at the other things linked to no jobs, Foodstamps are up, subsidized housing, more people panhandling in parking lots, Just look around and you see just how bad it is. Quit listening to the media with all their bull about things picking up.
  • Bonita ... Bonita ... 2012/12/13 16:31:18
    Bonita Colley
    +1
    We need to get the government out of the business of creating jobs, etc. Back to Free Enterprise without all the damn government regs and taxes on small business. Time to tell Corporate Amerika to Shove it!
  • JackoClubs 2012/12/13 16:26:06
    More people giving up job search
    JackoClubs
    +2
    ...and they don't count. And letting the Bush tax cuts expire is a serious error; cutting taxes almost always results in job creation and higher revenue. The day after the election, almost 40 companies laid of thousands of employees, in anticipation of higher taxes, increased regulation and.....are you ready for it? Obamacare and the increased insurance costs, along with the $63 per employee "fee" they'll have to pay under its strictures. For those of you who vote Democrat, that's one of those "hidden taxes" that will (supposedly) be used to pay for your free healthcare. Remember what Nancy Pelosi said? "We'll have to pass the bill before you can see what's in it"? Well, there you go. Congrats, dupes.
  • Cortland 2012/12/13 15:40:45
    More people giving up job search
    Cortland
    +1
    alot of people are making more money living on unemployment benefits than flippin burgers
  • Bob 2012/12/13 15:10:26
    More people giving up job search
    Bob
    When you run out of unemployment how do they track you? Most work going overseas.
  • bonnie.mutchler 2012/12/13 08:40:22
    More people giving up job search
    bonnie.mutchler
    +1
    Giving up or settling for low pay or part time.
  • Nuke 2012/12/13 07:14:16
    More people giving up job search
    Nuke
    +1
    Jobs numbers are fake, it's well above 7.7%
  • FlyGalsMom Nuke 2012/12/13 20:19:59
    FlyGalsMom
    Many big dept. stores are hiring for the holidays~so perhaps that reflects in the #s but only until the season is over~
  • Edbert 2012/12/13 04:33:55
    More people giving up job search
    Edbert
    +3
    The percentage of the workforce with jobs is lower now than any time wince WWII.
  • abubincrazy 2012/12/13 03:50:24
    More people giving up job search
    abubincrazy
    +2
    And the government rigs the numbers.
    If you quit looking, they don't count you among the unemployed.
    Machiavelli may approve, but I don't.
  • Libertarian Right 2012/12/13 02:12:35
    More people giving up job search
    Libertarian Right
    +2
    It is easier to sit on one's arse and cry: "Give me, I'm entitled!" than to take the initiative to at least attempt to earn an honest living. But it's okay, our chickens WILL, eventually, come home to roost...


    greece riots
  • Edbert Liberta... 2012/12/13 04:35:54
    Edbert
    +3
    We had a near riot here (police dispersed the crowd of leeches with tear gas) when people began fighting over getting an application to government housing, just last week.
  • bonnie.... Liberta... 2012/12/13 08:44:24
    bonnie.mutchler
    +1
    I take it you have a job, are making a living wage and a roof over your head. I don't know where you live, but let me tell you, around here there are part time jobs, minimum wage jobs and no jobs. No healthcare, no insurance, and very expensive rent. People are so freaking judgmental.
  • JackoClubs Liberta... 2012/12/13 16:29:07
    JackoClubs
    +1
    That's just what Obie's counting on. Gozer the Destroyer has come....
  • beavith1 JackoClubs 2012/12/13 17:16:49 (edited)
    beavith1
    +2
    then who was the Keymaster? How'd he get past us?

    that godam EPA. it's al their fault.
  • JackoClubs beavith1 2012/12/13 17:18:57
    JackoClubs
    +1
    Yeah! Remember the "dickless" EPA guy who came to look at the containment device? There ya go....!!
  • Freeranger 2012/12/13 01:30:48
    More people giving up job search
    Freeranger
    I didn't read anything about whether or not there had been a rise in unemployment benefit payouts?
    Someone should ask.
  • firelooker 2012/12/12 23:52:06
    More people giving up job search
    firelooker
    First of all I don't trust the gov't to tell us the truth. I subscribe to like 5 or 6 job sites and about the only thing I ever see are jobs for online work, which I don't trust & most want you to invest money I don't have for this or that course. A lot of people have just given up looking, many have lost everything they own & are homeless now.
  • always in trouble 2012/12/12 23:27:09
    More people giving up job search
    always in trouble
    The liberals are lying to themselves. It will get better when Jesus is on the Throne of His earthly father King David.
  • John 2012/12/12 21:59:33
  • william keegan 2012/12/12 20:57:40
    More people giving up job search
    william keegan
    +1
    The government statistics that relate to the unemployment rate are a joke! It is the result of a survey, if they don’t get the "right" number they keep on surveying until the right number is obtained!
  • shenendoah 2012/12/12 20:54:49
    More people giving up job search
    shenendoah
    +1
    Of course many folks are being hired to wrap Christmas packages for those that can afford to buy gifts for their fmailies.
  • pippahayworth 2012/12/12 20:47:32
  • HOMBRE 2012/12/12 18:59:02
    More people giving up job search
    HOMBRE
    +1
    Big Business Will be Blamed for the Coming Obamacare Job Losses
    Posted on December 12, 2012 by Conservative Byte

    right. So guess what happens? These people that are now gonna lose their health care or not get it because of the cutbacks and changes at your company, guess what? The federal government’s gonna magically have a policy for them. Somehow, some way, Obama will be seen as the savior. You have dastardly and mean-spiritedly, extremely cut ‘em off. You’ve reduced their wages. You’ve taken ‘em off the health care plan. You’ve closed down, but management still has theirs, and ownership still has theirs, and government will find a way to come to the rescue for these people. But not immediately. I mean, Obama wants the chaos and the pain. He wants a little bit of this blaming you and your company to go on. And if you don’t believe me on that, ask anybody who worked at AIG what happened.

    You’re sitting out there and you’re making the mistake a lot of people make, that facts matter, that truth is undeniable. The fact of the matter is, this is only happening because of Obamacare. This is only happening because of Barack Obama. This is only happening because the Democrat Party has instituted new policies that you can’t possibly afford. But you’re a small business or a big bu...
    Big Business Will be Blamed for the Coming Obamacare Job Losses
    Posted on December 12, 2012 by Conservative Byte

    right. So guess what happens? These people that are now gonna lose their health care or not get it because of the cutbacks and changes at your company, guess what? The federal government’s gonna magically have a policy for them. Somehow, some way, Obama will be seen as the savior. You have dastardly and mean-spiritedly, extremely cut ‘em off. You’ve reduced their wages. You’ve taken ‘em off the health care plan. You’ve closed down, but management still has theirs, and ownership still has theirs, and government will find a way to come to the rescue for these people. But not immediately. I mean, Obama wants the chaos and the pain. He wants a little bit of this blaming you and your company to go on. And if you don’t believe me on that, ask anybody who worked at AIG what happened.

    You’re sitting out there and you’re making the mistake a lot of people make, that facts matter, that truth is undeniable. The fact of the matter is, this is only happening because of Obamacare. This is only happening because of Barack Obama. This is only happening because the Democrat Party has instituted new policies that you can’t possibly afford. But you’re a small business or a big business. You can afford anything. You’re rolling in money. It’s all going into your back pocket, into your big house, your second car, whatever. They see the trappings of your wealth or your company CEO’s wealth or whatever. I’ve seen this. We’re in the middle of it happening now. I’m not trying to scare you. I’m trying to prepare you.
    (more)
  • JCD aka... HOMBRE 2012/12/12 20:43:28
    JCD aka "biz"
    +1
    "Obama wants the chaos and the pain"? And he was re-elected? Sounds strange.
  • Shylee 2012/12/12 18:45:53
    Economy is improving
    Shylee
    +2
    Someone is smoking that wacky tabacky.This is Fox News article.Is'nt this the same Fox News that thought Romney won the election oh LOL.


    I know people are still suffering and it breaks my heart.I truley believe things are getting better.
  • jeane Shylee 2012/12/12 20:05:02 (edited)
    jeane
    +2
    No it isn't improving and people are suffering greatly.

    Friday’s news of declining unemployment numbers was a victory only in writing: despite a drop in jobless claims, the labor force participation rate remains at its lowest in decades.
    The percentage of working-age Americans who are either employed or actively in search of a job was reported as 63.6 percent for November 2012, two percentage points lower than the previous month and the worst the country has seen since 1978.
    With the release of the monthly jobs numbers from the Labor Department on Friday, the White House has touted the latest figure — an unemployment rate of 7.7 down from October’s 7.9 — as an indicator of their success in a promise to push that statistic down.
    *************
    IN REALITY. though, fewer residents with an actual interest and ability to work are employed as ever before. The labor force participation rate has now been at or below 66.0 percent since the country entered a recession in late 2007.
    While the White House is celebrating the lowest unemployment numbers in the history of the Obama administration, other statistics suggest the scope of the jobs market remains as grim as ever. Indeed, the number of Americans without jobs in the eyes of the Labor Department has shrunk two percentage points, but the...





    No it isn't improving and people are suffering greatly.

    Friday’s news of declining unemployment numbers was a victory only in writing: despite a drop in jobless claims, the labor force participation rate remains at its lowest in decades.
    The percentage of working-age Americans who are either employed or actively in search of a job was reported as 63.6 percent for November 2012, two percentage points lower than the previous month and the worst the country has seen since 1978.
    With the release of the monthly jobs numbers from the Labor Department on Friday, the White House has touted the latest figure — an unemployment rate of 7.7 down from October’s 7.9 — as an indicator of their success in a promise to push that statistic down.
    *************
    IN REALITY. though, fewer residents with an actual interest and ability to work are employed as ever before. The labor force participation rate has now been at or below 66.0 percent since the country entered a recession in late 2007.
    While the White House is celebrating the lowest unemployment numbers in the history of the Obama administration, other statistics suggest the scope of the jobs market remains as grim as ever. Indeed, the number of Americans without jobs in the eyes of the Labor Department has shrunk two percentage points, but the proportion of Americans who are actively seeking employment as at its lowest in ages.
    “According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers ‘disappear’ each month it is easy to get the ‘unemployment rate’ to go down,” wrote economy blogger Michael Snyder, who acknowledges that the number of Americans “not in the labor force” has grown by almost 8.5 million since the Obama administration began.
    “But the mainstream media is just eating up this ‘good news.’ They are very excited that the ‘unemployment rate’ has fallen from its peak of 10.0 percent in October 2009 to 7.7 percent now,” says Snyder.
    Among opponents of the president’s politics behind jobs figures, the truth behind employment numbers is an example of how the current White House’s policies have not done as promised.
    “If the labor force participation rate were the same as when the president took office, the unemployment rate would be 10.7 percent,” Senator John Barrasso (R-Wyoming) said Friday.
    When labor statistics were released in November 2011 showing an alleged improvement in the dire jobs market, Steve Eggleston of Hot Air wrote last year that the drop in the civil labor force was “almost unprecedented” for that time of year.
    “Since 1982, there have been only seven times the labor force has dropped between an October and a November, and only three times has the drop been even close to this steep,” he wrote almost exactly a year ago. Just twelve months later, though, the labor force participation rate has dropped again, and by even a large proportion since last year.
    (more)
  • Shylee jeane 2012/12/13 15:18:11
    Shylee
    I agree more people are hurting and out of work.I think Obama is on the Right track to heal this Country.

    When republican party was in power under W they were spending like drunkin saliors.2 wars not paid for,medicare part d (doughnut hole that hurt out seniors) not paid for and letting wall street and banks make their own rules list goes on.Its going to take a long time recover from what W did to this Country.
  • beavith1 Shylee 2012/12/13 17:47:40
    beavith1
    +4
    more people are hurting and Obama is not on the correct track. nothing that he's proposed to do will make for a material improvement in the economy.

    you're a bit mixed up on your history.

    yes. Bush spent like a madman. thing is, Obama is spending nearly twice as much as Bush EVER did. Obama has brought us 4 years of annual $1Trillion PLUS deficits. we're on track for another $1.2T deficit this year.
    the wars were kited onto the national debt. Bush added $4.4T to the national debt over 8 years. Obama has added $6T in four years.
    medicare part D was a democrat initiative that Bush rammed through. just like NCLB, Sarbanes Oxley, both wars and things like timber and tire tariffs.
    Sarbanes Oxley? but if you're complaining about the Bust, the pin on that grenade was pulled by Clinton in 1999 by signing the republican authored Gramm Leach Blilley bill. even so, the bust could have been avoided in 2001, but that bill died for a lack of interest, then again in 2004 AND 2005, but those bills were blocked by Chris Dodd (D CT) at the same time as Barney Frank (D MA) was recommending 'rolling the dice' and downplaying any discussion of real estate bubble.

    W didn't create this devastation. he was almost peripheral to it. the DNC thanks you for your devotion to their misdirection.
  • Shylee beavith1 2012/12/13 18:14:30
    Shylee
    Peripheral my fanny....No,No,No,lets not get it twisted.Because of W's acctions we're in this mess.
  • beavith1 Shylee 2012/12/13 18:19:59
    beavith1
    +3
    you've been had.

    whatever 'story' you believe is deeply mistaken.

    if you need to believe that stuff to vote democrat, that's on you. just like Obama's upcoming recession will be on you, too.
  • john ri... beavith1 2012/12/13 19:56:54 (edited)
    john richardson
    +2
    She's a programed Obot listen to her chant. Bush bad....... Obama GOOD!!! he nice man. Ask these Bots what Frank-Dodd did to the economy? they just say in a louder voice....BUSH BAD!!!!
  • Shylee beavith1 2012/12/13 19:59:17
    Shylee
    I have the truth.

    Have a wonderful day ;o)
  • beavith1 Shylee 2012/12/13 21:19:13
    beavith1
    +2
    you, too,

    but you don't have the truth.

    like John says, you're blinded to reality because you like who you like.

    i hope Obama's recession doesn't hurt you too bad.
  • Shylee beavith1 2012/12/13 21:37:07
    Shylee
    I guess your blinded to reality too because you like who you like.

    W's recession hurt everyone.
  • beavith1 Shylee 2012/12/13 22:46:21
    beavith1
    +2
    W didn't cause the recession, anymore than Obama did!

    that's MORE mistaken Obamaspeak.
  • Shylee beavith1 2012/12/14 03:16:05
    Shylee
    If i was Obama i wouldnt take responsibility for something that was dumped in my lap.

    Have a wonderful evening Beavith ;o)
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