LPH submitted a new blog post:
November Jobs Report: Unemployment Down to Seven Percent
November Jobs Report: Unemployment Down to Seven Percent
Continue reading the Original Blog PostThe U.S. Bureau of Labor Statistics reported a drop in unemployment from 7.3% to 7.0%. According to BLS:
Total employment as measured by the household survey increased by 818,000 over the month, following a decline of 735,000 in the prior month. This over-the-month increase in employment partly reflected the return to work of furloughed federal government employees.
BLS also revised September up and October down, leading to an increase of 8,000.
CNN Money points out that...