U.S. Economy Added 203K Jobs In November, Unemployment Down To 7%

I'm seeing all the signs of recovery here in Connecticut. I took a carpenter position two months ago thinking it would be 6 weeks of work but the GC on the project gave us the addition project after we finished the rehab (we're doing a hurricane recovery in Fairfield Ct) and the other carpenters scheduled to do it continued to be no-shows. We tried for the last two weeks to find a few people to come help. Everyone has too much work.
Everywhere there are dumpsters in driveways and piles of lumber waiting. It looks to be really big. The people we spoke to had 6 houses to frame by spring. By spring the interior work will explode and the real estate investors will finally have their signal to start investing again which will lead to even bigger glut of work.

We might even see prices rise this time. It's my belief that there is a shortage of tradesman right now. Many people dropped out of the trades this past decade and there are no longer hordes of illegal workers on the corners waiting for work.

Good times ahead if you ask me
 
tinfoil said:
I'm seeing all the signs of recovery here in Connecticut. I took a carpenter position two months ago thinking it would be 6 weeks of work but the GC on the project gave us the addition project after we finished the rehab (we're doing a hurricane recovery in Fairfield Ct) and the other carpenters scheduled to do it continued to be no-shows. We tried for the last two weeks to find a few people to come help. Everyone has too much work.
Everywhere there are dumpsters in driveways and piles of lumber waiting. It looks to be really big. The people we spoke to had 6 houses to frame by spring. By spring the interior work will explode and the real estate investors will finally have their signal to start investing again which will lead to even bigger glut of work.

We might even see prices rise this time. It's my belief that there is a shortage of tradesman right now. Many people dropped out of the trades this past decade and there are no longer hordes of illegal workers on the corners waiting for work.

Good times ahead if you ask me
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Hope it continues
Down here it's mostly illegals working crews, decimating carpenter pay.
 
Dantès said:
If the participation rate was up slightly from 62.8% to 63% in November, wouldn't the 62.8% percent have been lower and therefore if no other month was lower, the lowest rate since Carter? Or in your upsidedown world is it in fact conceivable that 62.8% is actually larger than 63%? Most of us learned a different system but you may had more enlightened teachers who taught you some new, new, new, new, math! Carry on!
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Pick which month you want, either one is lower than any year since Carter.
 
Asa said:
When Obama took office there were 80,507,000 not in the labor force, and as of the end of November, there were 91,273,000 not in the labor force.

When the 150,000 jobs needed per month to keep pace with population growth is subtracted from 203,000, the numbers are 53,000, and this does not include the people who dropped off unemployment rolls and were not counted.

The labor force participation rate for November was 63%, the lowest it has been since Carter was president.
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and what pray tell created both world wide economic crashes we have endured in the span of one lifetime?

republican party economic policy.


your ideas are historically failed ideas
 
Dantès said:
I guess he forgot it was about a month until Christmas and retailers always hire extra help this time of year. And since the market is up I guess others forgot this as well. I think it is referred to as seasonal employment.
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I went to the mall yesterday to buy my hubby some levis cause they were on sale.


the place was booming.


people were EVERYWHERE and the lines to checkout were LONG lines.


I think the corner has been turned
 
Dantès said:
Or something! There are a lot of reasons wealthy people do things. Not all of them are related to a healthier economy sometimes they just get exuberant and start buying everything they see! This kind of behavior generally comes before a crash but not always. If they start raising the market 200 points a day for 3 or 4 weeks I would certainly start to wonder!
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So up 25 percent this year doesn't have you on board!
 
christiefan915 said:
Have at it, righties. Tell me how this news *really* sucks.

"Investors were waiting with bated breath for the November jobs report, anxious to see what the new numbers would indicate about Federal Reserve tapering.

Employers added 203,000 jobs in November, above the 180,000 economists expected. The unemployment rate, which is drawn from a different survey of households, was down to 7% from 7.3% in October. The labor force participation rate was up slightly to 63% from 62.8%.

Following the news the S&P 500 added about 18 points to 1,800 in pre-market trading. The Dow added about 143 points to 15,960...

...this is the second month in a row of better-than-expected jobs reports. Baird says this “raises the odds that the Fed could commence the tapering process for their bond purchase program in the near-term” meaning the positive economic news may not be good for investors in the short term...

...The health care, transportation/warehousing and manufacturing industries all added significantly to the jobs number in November. The largest gains were in transportation and warehousing, which rose by 31,000 with jobs added for couriers, truck transportation and warehousing storage. Blitz cautions against putting too much weight in these increases because they may be largely holiday related and temporary. While the Bureau of Labor Statistics does make seasonal adjustments Blitz is not convinced it has caught up to the growth of online shopping. “Every year more and more stuff is purchased online. So the Amazons, the other online guys and the people who deliver packages need to hire more people than they did last year to do the job.”

http://www.forbes.com/sites/samanth...203k-jobs-in-november-unemployment-down-to-7/
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not being a catholic and being a free mason i am not usually happy about papal utterances, but his comment that while the dow going up two or more points is consider news worthy of being printed, a homeless person's death is not

have we not strayed away from taking care of our poor and needy?
 
the best way to take care of them is a good economy and PROPER taxation on those activities to provide us with the means to care for them.
 
evince said:
and what pray tell created both world wide economic crashes we have endured in the span of one lifetime?

republican party economic policy.


your ideas are historically failed ideas
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The tech bubble, and the housing bubble. Which was caused quickly and which took decades?
 
the right wing ideas of deregulation FUCK THE PEOPLE every time we get talked or tricked into them
 
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