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WASHINGTON (AP) — The unemployment rate fell last month to its lowest level in more than two and a half years, as employers stepped up hiring in response to the slowly improving economy.

The Labor Department says the unemployment rate dropped sharply to 8.6 percent last month, down from 9 percent in October. The rate hasn’t been that low since March 2009, during the depths of the recession.

Employers added 120,000 jobs last month. And the previous two months were revised up to show that 72,000 more jobs added – the fourth straight month the government revised prior months higher.

Still, one reason the unemployment rate fell so much was because roughly 315,000 people gave up looking for work and were no longer counted as unemployed.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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11 Comments on "Unemployment rate falls to lowest since March 2009"

2015 years 10 months ago

Facts are facts dear boy. Also remember the additional hundreds of thousands of contractors that lost jobs and were never counted in the first place. Do you really believe that you can depend on the government or the media to provide YOU the truth about how bad things really are and totally screw up the Christmas Spending Blast? WAKE UP!!!

If you want to play, “I wish upon a star…” for economic recovery, I’ll help you pick out a bright one. Until then, educate yourself and keep your eyes open to the streaming foreclosures that run like a river and have sympathy for those families without a home or income.

In addition to that, continue to watch your food prices as they continue to skyrocket and wipe out any possibility of getting ahead. Oh yeah…forgot to mention that your power bill is getting ready to go up again too. Drats, now the insurnce company wants more money to cover your home and auto. Don’t be too concerned about the high gasoline and diesel prices, you’ll get used to it. Do you have an inkling of a clue as to the geometrically escalating rate of the transportataion of goods and food? Ever heard of fuel surcharges? Do you undersdtand just exactly WHY you are still paying $3.25/gal for fuel? Even if you have a job…are you saving anything? How can you?

So…how does that “I wish upon a star….” game sound now? Blink hard…hold the eyes tightly closed…and just WISH!

2015 years 10 months ago

holds a lot of truth.

In addition, before relocating, take a couple of courses on raising a large garden. Learn to breed cattle, sheep, and hogs. Learn to butcher same; and remind your children they are not pets. Learn to make clothing from the hides amd skins. Learn to ride horseback.

Be certain your children can read and get along without cell phones.

Maybe start your own reality show. “American Survivalists”.

2015 years 10 months ago

I am not sure the 300,000 have quit looking for jobs, but agree that they are not considered in the unemployment numbers. Also, many, many more have dropped off in previous months that they do not want us to think about. My guess is that if they tell the truth and include all that have dropped out of the mix due to benefits expiring, the unemployment per-centage would be closer to 12% What a bunch of crap!

2015 years 10 months ago

Why be so negative? You are right about one thing, though. All you are doing is guessing and that is what is a bunch of crap.

2015 years 10 months ago

I agree this is misleading. This doesn’t take into account the time of year it is. Many of the jobs are seasonal Christmas help which is temporary and will end after the first of the year.

2015 years 10 months ago

….but I have heard that it may be as high as 15%.

This entire week’s financial news has been nothing but bovine droppings. My favorite was that the Fed was pledging to back the Euro and add liquidity to banks (foreign and domestic) as needed.

If we pulled the plug on their printing presses, that would be tantamount to having a homeless wino co-sign your loan. We’re fifteen trillion in debt. We have nothing to lend.

Oh, but we DO have plenty of paper, ink, and those presses come on with the flip of a switch.

Still recommending: Remote land with a potable source of water, freeze-dried canned food (three years per individual), several firearms with several thousand rounds for each, and some gold.

2015 years 10 months ago

The article title says, “Unemployment rate falls to lowest since March 2009” – There were seasonal Christmas jobs in 2009 and 2010 too.

2015 years 10 months ago

This is good news for all Americans.

2015 years 10 months ago

These jobs figure are a load of horse-hooie! It doesn’t count the well over 300,000 people that have QUIT looking for jobs, it doesn’t take into consideration the many tens of thousands of contractors that no longer have jobs either. What few construction jobs that come available are given to the illegals by the greedy contractors and developers. Just ride around a look.

Ther facts are that the economy is going NOWHERE right now! The jobs are not there, housing prices are still on the decline and foreclosure rates haven’t even begun to subside. There are alot of people and families hurting big-time right now and it isn’t even close to being over!

Sorry folks, but they can put out all of these glorius “reports” and blow all the smoke they want up Americas rear end, but facts are facts. When prosperity returns to America, we won’t need to have half-baked, “feel good” jobs reports like this to realize it!

2015 years 10 months ago

Most articles confirm that the reason for the drop in unemployment rate was that the number of those counted in the work force has dropped, resulting in a somewhat misleading calculation. In addition, the number of jobs added was at least 100,000 below what was projected for the month. Furthermore, the number of unemployment claims actually rose again, which certainly does not support a major drop in real unemployment.
Things do seem to be getting slowly better, but we should not get carried away by media influenced conclusions about the job market. Plus, there are seasonal employment effects to be taken into consideration this time of year. Maybe we should wait until the January results before starting the celebration.

2015 years 10 months ago

Businesses won’t hire until a Republican is elected president. In keeping with party policy, they’d rather trash the country than let Obama succeed.


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