Unemployment falls to 7%
December 6th, 2013
08:46 AM ET
10 months ago

Unemployment falls to 7%

New York (CNNMoney) – Has the job market finally hit its stride? Hiring continued at a solid pace in November, and the unemployment rate fell for the right reasons.

The U.S. economy added 203,000 jobs in November. Economists surveyed by CNNMoney had predicted payroll gains of 183,000 jobs.

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Filed under: CNNMoney.com • Economy • unemployment
soundoff (106 Responses)
  1. Dutch/Bad Newz, VA -aka- Take Back The House -aka- No Redemption Votes

    Great news! GOP talking points from Boehner and the gang in 5, 4, 3, 2..........

    This economy could be growing jobs at much faster rate if republicans will pass the President's jobs bill.

    December 6, 2013 08:51 am at 8:51 am |
  2. Hooper

    Wait a minute. Here it comes. The republicans are doing all they can to paint a picture of distortion and deception about these statistics and sure as God made green apples it's on it's way to a media outlet near you. They've done all they can to impede progress and today will be no different.

    December 6, 2013 09:06 am at 9:06 am |
  3. Sheila

    I wouldn't hold my breath, on it being lower in 2014. This may hold up all the way to 2016. Especially if the fast food workers + Obama gets their way. If they want more than the min wage, then why don't they get a Job in a real restaurant, where I actually know people who are making 2 dollars an hour, but at the end of their shift, they bring home around $800.00 home.

    December 6, 2013 09:21 am at 9:21 am |
  4. Logictox

    Least number of people employed in 30 years. 43% of the public now works. 18% of the people have part time jobs or jobs that don't pay enough to live on. Everything is peachy keen in America.

    December 6, 2013 09:21 am at 9:21 am |
  5. rs

    A simple reminder that even with the GOP shutting down government; trying to deny the poor and middle classes health insurance; voting for default, and certainly NOT passing any jobs bills, the American economy continues to recover.
    2 points:
    1. Imagine what our nation could have achieved if Boehner and McConnell had sworn to work with the President in January 2009, instead of pledging to make him a "one-term President".
    2. That the GOP is now completely useless and redundant when it comes to leadership of our great nation.

    December 6, 2013 09:28 am at 9:28 am |
  6. Beth

    When will this number be revised?

    December 6, 2013 09:35 am at 9:35 am |
  7. Gurgyl

    --we are bringing too many people into this nation, some are overstaying, with expiry visas, violations with no green cards, etc. Tighten these. Bring MANUFACTURE. Most of the jobs are just part-time, seasonal. It hurts the nation. We do NOT need "may I help you" jobs. USA needs full time real job oriented jobs, not–may I help you. Nor flipping burgers. With these–you do not make a living–your employer gets fatty rich, filthy rich. God bless.

    December 6, 2013 09:39 am at 9:39 am |
  8. rs

    Logictox

    Least number of people employed in 30 years. 43% of the public now works. 18% of the people have part time jobs or jobs that don't pay enough to live on. Everything is peachy keen in America.
    ___________________
    yeah just imagine if the anti-American party (the GOP) actually did something except whine.

    December 6, 2013 09:39 am at 9:39 am |
  9. Rudy NYC

    Sheila

    I wouldn't hold my breath, on it being lower in 2014. This may hold up all the way to 2016. Especially if the fast food workers + Obama gets their way. If they want more than the min wage, then why don't they get a Job in a real restaurant, where I actually know people who are making 2 dollars an hour, but at the end of their shift, they bring home around $800.00 home.
    ----------------------------
    Why do the President's critics persist in making the most absurd arguments, by creating false equivalences to make a straw man's argument? Consider this person. They are complaining that people who work at fast food joints should "get a job in a real restaurant" where they could make hundreds of dollars, in tips I suppose, during a shift.

    Are your friends paying their taxes on that $800? Somehow, I doubt it. I also doubt your $800 claim because of simple greed. Any restaurant owner watching a sinlge employee, out of an untold many, pulling down that sort of cash would simply take a cut of it. Making $800 per day/shift, means $4000 per week, which adds up to $200,000 per year. Like I said, totally absurd and it defies belief.

    "Nice try, but we gotcha."

    December 6, 2013 09:39 am at 9:39 am |
  10. Rick McDaniel

    As benefits run out.........the unemployed are no longer counted........that doesn't mean they became employed.

    December 6, 2013 09:41 am at 9:41 am |
  11. smith

    Seasonal job influx, calm down liberals. Once the holiday season passes we will be right back at the same mark before the holiday season. When dems and libs stop attacking capitalism and corporations we will see a job increase.

    December 6, 2013 09:44 am at 9:44 am |
  12. Tampa Tim

    Good news for America is always bad news for the brain dead right wingnuts.

    December 6, 2013 09:44 am at 9:44 am |
  13. Tampa Tim

    Just curious if the right wingnuts had a chance to comment on Rand Paul's sudden shift from Libertarian to socialist, communist, Marxist, dictator with his free economic zones.

    December 6, 2013 09:47 am at 9:47 am |
  14. rs

    Rick McDaniel

    As benefits run out.........the unemployed are no longer counted........that doesn't mean they became employed.
    __________________
    Wrong (again), Rick. The actual number of the employed went UP, which means this change did not come about because Republicans threw more people off of unemployment (although I am sure that's what they want-its Christmas time after all) or some such.

    December 6, 2013 09:47 am at 9:47 am |
  15. Lynda/Minnesota

    "Has the job market finally hit its stride?"

    Not if GOPers have anything to say about it.

    December 6, 2013 09:48 am at 9:48 am |
  16. rs

    Tampa Tim

    Just curious if the right wingnuts had a chance to comment on Rand Paul's sudden shift from Libertarian to socialist, communist, Marxist, dictator with his free economic zones.
    ____________________
    Nah, they just latched onto the tax breaks for the rich , er, "job creators" Paul inserted.

    December 6, 2013 09:48 am at 9:48 am |
  17. Tampa Tim

    If a republican president had actual job growth instead of losing 8 million in his last year, you could almost take this right wingnut criticism seriously.

    December 6, 2013 09:49 am at 9:49 am |
  18. rs

    I actually know people who are making 2 dollars an hour, but at the end of their shift, they bring home around $800.00 home...
    _________________________
    More twisted lies from the Right: "Waitresses make six-figure salaries, hence, they don't need a liveable wage!"
    The delusion runs fast and deep here.

    December 6, 2013 09:52 am at 9:52 am |
  19. Logictox

    @rs: If you visit even the heavily biased CNN money you will read that we currently have the lowest number of adult population working since 1978. That doesn't even count the 30 million added to the work force sine 1978. Highest number of people ever on social services. The numbers are for lack of a better word, cooked.

    December 6, 2013 10:00 am at 10:00 am |
  20. rs

    Logictox

    @rs: If you visit even the heavily biased CNN money you will read that we currently have the lowest number of adult population working since 1978. That doesn't even count the 30 million added to the work force sine 1978. Highest number of people ever on social services. The numbers are for lack of a better word, cooked.
    __________________
    Well, duh. Remember the Bush crash of '08? No one ascerted that everything is peachy, sir. The point is that with no help from the GOP, the number of EMPLOYED is now the highest since the crash of '08. The Republicans simply cannot admit their entire economic model is junk- hence "No good news".
    BTW- since 1978- that was 2 years before the GOP introduced hyper deficit spending "Voodoo economics". get it now?

    December 6, 2013 10:07 am at 10:07 am |
  21. Sniffit

    "Seasonal job influx"

    Except, HAD YOU READ THE ARTICLE, you'd have seen that the breakdown in the types of jobs created does not support your claim that this is just "seasonal job influx."

    December 6, 2013 10:12 am at 10:12 am |
  22. Sheila

    @Rudy – I meant to say "UP TO" 800, some are pulling 200 in these nightclubs / restaurants / & fine dining places, some more, some less.....believe me, the ones I know are pulling a lot of money

    December 6, 2013 10:22 am at 10:22 am |
  23. Sniffit

    "If you visit even the heavily biased CNN money you will read that we currently have the lowest number of adult population working since 1978. That doesn't even count the 30 million added to the work force sine 1978. Highest number of people ever on social services. The numbers are for lack of a better word, cooked."

    Apples and oranges. Those numbers need to be understood in CONTEXT. The CONTEXT is the demographic makeup of the population, which has rapidly aged. Unemployed retirement-age persons receiving what you disdainfully refer to as "social assistance," as if anyone receiving it is a lazy do-nothing societal leech, are becoming a greater and greater percentage of our population. GOPers/Teatrolls are quick to point that out when they're desperately trying to scare everyone about the future stability of SS and Medicare, but they conveniently, self-servingly ignore that fact when it's time to pretend that job creation and falling unemployment numbers are somehow bad news and nothing to celebrate.

    December 6, 2013 10:23 am at 10:23 am |
  24. Sniffit

    " I meant to say "UP TO" 800, some are pulling 200 in these nightclubs / restaurants / & fine dining places, some more, some less.....believe me, the ones I know are pulling a lot of money"

    Yeah, whatevs. And will your friends be leaving their jobs tomorrow so all those fast food workers can have them? Will they be opening more clubs and bars and restaurants in order to create more jobs like they currently have? No? So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs?

    December 6, 2013 10:25 am at 10:25 am |
  25. Hector Slagg

    Aw, Well,
    Will be interesting of how the Holiday Shopping season goes. I believe the first results were a bit conservative or a bit less than was hoped. I did spend about 45 dollars on some stuff. A lot more to go. Of curse I'm rich !! I would not count my chickens before they hatch. Old Chinese Proverb. Other old Chinese Proverb, don't buy house you can't afford. See what you learn here.

    December 6, 2013 10:28 am at 10:28 am |
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