No Spin News
Drop in unemployment rate not as good as it may sound
By: Bill O'ReillyDecember 2, 2011
Archive
Comment
Email
Print
Share on Facebook
Share on Twitter
STORY EXCERPT
Christian Science Monitor: Employment was up 120,000 last month and the unemployment rate dropped significantly, to 8.6% in November down from 9% in October. Job growth in October and September was revised up by 72,000. While the employment story has improved over the past few months, the decline in the November unemployment rate isn't as good as it sounds. People who drop out of the labor force, like those who give up looking for work, are not counted in the jobless rate, and about half of the 0.4 percentage point decline was due to this factor. In fact, about 190,000 of the unemployed left the labor force last month.
Read the full news article...
BILL'S NO SPIN ANALYSIS
Log in or become a Premium Member to see Bill's No Spin Analysis.
© 2025 BillOReilly.com
Watch Listen Read Shop
Privacy Terms Site Map Advertise Contact