Friday, December 03, 2010

Employment Stats For November 2010…


    ….are not as good as expected,but still,it does look better than has been previously. The economy is chugging along, just at a slower pace than we would like.

Bureau of Labor

The unemployment rate edged up to 9.8 percent in November, and nonfarm payroll
employment was little changed (+39,000).

The number of unemployed persons was 15.1 million in November. The unemployment
rate edged up to 9.8 percent; it was 9.6 percent in each of the prior 3 months.
Among the major worker groups, the unemployment rates for adult men (10.0 per-
cent), adult women (8.4 percent), whites (8.9 percent), and Hispanics (13.2 per-
cent) edged up in November. The jobless rate for blacks (16.0 percent) showed
little change over the month, while the rate for teenagers declined to 24.6 per-
cent. The jobless rate for Asians was 7.6 percent, not seasonally adjusted.

Among the unemployed, the number of job losers and persons who completed tempor-
ary jobs rose by 390,000 to 9.5 million in November. The number of long-term un-
employed (those jobless for 27 weeks and over) was little changed at 6.3 million
and accounted for 41.9 percent of the unemployed.

The civilian labor force participation rate held at 64.5 percent in November, and
the employment-population ratio was essentially unchanged at 58.2 percent