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.

FULL STORY

Filed under: CNNMoney.com • Economy • unemployment
soundoff (106 Responses)
  1. Dominican mama 4 Obama

    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 do this with everything that represents good news for the nation.
    They just don't want ANYTHING GOOD happenning under this administration, and if they have to lie and spin about it to make it look that way to the 2 or 3 people that still call themselves Republicans, then so be it.
    The news media has been complicit in this outrageous effort to dampen the spirits of our countrymen for the past five years.
    Thus, you don't have to travel far to get negative media spin on good news. Just stay tuned to.

    December 6, 2013 10:29 am at 10:29 am |
  2. GOP = Greed Over People

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

    Agreed, but riddle me this, why does the GOP want to cut off their unemployment benefits when they are only guilty of not being able to find a job in 26 weeks?

    December 6, 2013 10:31 am at 10:31 am |
  3. Sheila

    ""So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs? ""

    How about College ? How about actually "Graduating" from High School ? (instead of being "dropouts")

    December 6, 2013 10:37 am at 10:37 am |
  4. rs

    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.
    _____________________________________
    Perhaps if the GOP had not unemployed 880,000 federal workers and another 400,000 workers hadn't suffered loss of work because of the GOP's little October temper tantrum, more spending might have occured.

    December 6, 2013 10:44 am at 10:44 am |
  5. rs

    Sheila

    ""So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs? ""

    How about College ? How about actually "Graduating" from High School ? (instead of being "dropouts")
    __________
    Try college tuition on $7.25 an hour- and living at the same time. Let me know how that works out.

    December 6, 2013 10:45 am at 10:45 am |
  6. Rudy NYC

    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, in that case, then I also assume that you know that Social Security is in trouble because of the millions of extra baby boomers that will be retiring. In other words, the current "work force" is also proportionately *larger* than what it has ever been in the past.

    December 6, 2013 10:45 am at 10:45 am |
  7. smith

    @Sniffit-Actually it does. During the holiday season the fiscal work year ends as well. Corporations and business owners branch out and expand. Dec. thru Feb. is the best time of year to find employment.

    December 6, 2013 10:49 am at 10:49 am |
  8. S.B. Stein

    It is getting better but isn't good enough. When the unemployment rate is at 3% and creation of jobs is about 500,000 per month, then I will be satisfied. What can I say? I am greedy and want everyone to work. If there were massive programs to train people in the new manufacturing technologies and had the country focused on long term R&D, we could be much better.

    December 6, 2013 10:56 am at 10:56 am |
  9. Dominican mama 4 Obama

    @ rs

    How about College ? How about actually "Graduating" from High School ? (instead of being "dropouts")
    __________
    Try college tuition on $7.25 an hour- and living at the same time. Let me know how that works out
    -------------------------------------------------
    God bless your diligence and patience in responding to the same people that know good and darn well that there are college students that can't find jobs.

    December 6, 2013 10:59 am at 10:59 am |
  10. Boomer in Mo

    Hardly something to be happy about, but better than nothing I suppose. And some of the media do try to depress America as much as possible. Don't know if that's to feather their own nest or of some group in the shadows is paying them to do it. Probably the latter. Money controls absolutely everything in this country and as fewer and fewer of us have enough to get by on, the rich get richer and have much more influence as they buy what ever laws and privileges they want. By the way, I have never been without at least a part time job since age 13 and have a college degree. I have a good job but health care costs, fuel costs and a stagnant salary have slapped me out of the middle class into the working poor category. I'm pretty mad about the fact I work more than 40 hours a week, and have a good job for rural Missouri, and sometimes still can't pay the bills. Will have to get a short term loan to pay the property taxes this month and the $500 repair bill for my car that has 200,000 miles on it.

    December 6, 2013 11:02 am at 11:02 am |
  11. Tim

    Yes, we can finally quit extending unemployment benefits, the work is done

    December 6, 2013 11:06 am at 11:06 am |
  12. sonny chapman

    The Pope, on Moral Grounds, & Bill Clinton/Barrack Obama on reality based proof have shown America & the World; TRICKLE DOWN ECONOMICS Sucks !

    December 6, 2013 11:10 am at 11:10 am |
  13. Sniffit

    "@Sniffit-Actually it does. During the holiday season the fiscal work year ends as well. Corporations and business owners branch out and expand. Dec. thru Feb. is the best time of year to find employment."

    Yawn. You guys love to make these ridiculous claims every year, but for the past couple years, job creation remained relatively steady through January and February after the Holiday season...it even jumped from 148,000 to 332,000 between January and February of this year. The data just doesn't support your excuses.

    December 6, 2013 11:10 am at 11:10 am |
  14. Rudy NYC

    ""So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs? ""

    How about College ? How about actually "Graduating" from High School ? (instead of being "dropouts")
    --------–
    How about a realilty check? Do these $200k/yr jobs that your friends hold require a college degree or high school diploma? Earlier you seemed to think that these McDonald's employees were fully qualified to hold these jobs. You suggested that it was as simple as going out and looking for them.

    December 6, 2013 11:11 am at 11:11 am |
  15. smith

    @RS-How about joing the military and then you can got to college for free.

    December 6, 2013 11:12 am at 11:12 am |
  16. jinx9to88

    Just think how much better things would be if the GOP would either help or get out of the way.

    December 6, 2013 11:13 am at 11:13 am |
  17. Sniffit

    """So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs? ""

    How about College ? How about actually "Graduating" from High School ? (instead of being "dropouts")"

    How wonderfully absurd. I ask a direct question about how fast food workers are supposed to get the "good" restaurant/club/bar jobs you claimed they should just go out and get, and your answer is to irrelevant attack their education level, as if college is what's necessary to land you a job serving tables at a high end restaurant. Do you even listen to yourself when you speak? And didn't you get the memo? GOP/Teatroll official talking points are supposed to include "not everyone can go to college...the world needs garbage men" and "blah blah elitist ivory tower liberal academics indoctrinating our children herpa derp." Your cognitive dissonance is showing.

    December 6, 2013 11:15 am at 11:15 am |
  18. jinx9to88

    What happened to the GOP talking point if we stop giving the "job creators" tax break they won't hire. Well i guess it was another lie by the GOP whats new.

    December 6, 2013 11:16 am at 11:16 am |
  19. jinx9to88

    @ 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.

    -------

    Don't bother Tim the GOP don't like facts. They seem to forget where the country was before this Admin started. 2 wars started not paid for, drug prescription plan which is medicare part D not paid for, Bush tax breaks not paid for and then wonder why the deficit is 17 trillion.

    December 6, 2013 11:21 am at 11:21 am |
  20. smith

    @Sniffit-Do you realize you just proved my point? Try reading my comments instead of skimming them. You might catch it next time.

    December 6, 2013 11:22 am at 11:22 am |
  21. Gunderson

    Aw,
    Why some of you think government supposed carry your water. It your job, not government's. Why you think President owe you job? Sorry no, it your job get education, apply yourself. Do you know because peasants still run asylum Ralph Cramden still driving City Bus in Brooklyn for 55 dollars a week.

    Old Gunderson think run for president. Worry where find cabinet. Now know he have plenty select right here on boards. You all so smart. hope you rich also.

    December 6, 2013 11:28 am at 11:28 am |
  22. sonny chapman

    Dang, there's bunch of unhappy Repub. bloggers this Friday Morning. You'd think Good News about the American Economy would cheer them up. Didn't I hear 'Country First two Elections ago?

    December 6, 2013 11:29 am at 11:29 am |
  23. Dominican mama 4 Obama

    Don't bother Tim the GOP don't like facts
    -------------------------------------------------
    Correct.
    The GOP inhabits a world where facts and people that make less than $10million a year don't matter.
    The right-wing nutjobs that are barely scraping by but manage to post all day and all night on behalf of the GOP willfully ignore facts in an effort to feel like they "belong'.

    December 6, 2013 11:30 am at 11:30 am |
  24. Rudy NYC

    smith

    @RS-How about joing the military and then you can got to college for free.
    ----------------------
    It's not as simple as it used to be. It used to be they handed you a piece of paper that paid for tuition anywhere you wanted to go, pass or fail. That has all changed now. There are various programs aimed at the various military disciplines, and many are defined by the number of years of commitment. There are also academic qualifactions that you must meet. One thing that has not changed is that you must still figure out room and board on your own.

    December 6, 2013 11:34 am at 11:34 am |
  25. tom l

    @Sniffit,
    "So how exactly are the fast food workers you denigrate as if they're subhuman supposed to just magically get those jobs? "
    ========

    I'm of the opinion that you should be paid commensurate to the skill set you bring. I'm not denigrating them whatsoever but you should get paid what you're worth to the company. If you work at a fast food restaurant and are at minimum wage, if you prove yourself, earn your way up and you won't be making minimum wage. This is not a country where you should get paid some mythical amount just because. This is a country where you should get paid by what you can deliver to your employer. I think that's a very reasonable stance. Unfortunately, a fast food worker does not have a unique or honed skill set (please tell me you can acknowledge that) so they should be making minimum wage. If they are good at their job, they will get promoted or go to a different company that values their skills.

    December 6, 2013 11:35 am at 11:35 am |
1 2 3 4 5