• 05 Dec 2008 at 5:06 PM

How Serious The November Jobs News Is(n’t)

By Dealbreaker

You might be surprised to find that it is the 41st worst monthly report on record as a percentage of workforce. That’s decidedly undistinguished, insofar as half a million people doing (or not doing) anything isn’t a big deal, that is.
Still, something to say to the doom and gloomers over cocktails this weekend.
41st Worst Monthly Jobs Report On Record…Yes 41st [Bespoke Investment Group via Abnormal Returns]

Comments (25)

  1. 1
    Posted by Anal_yst | December 5, 2008 at 5:15 PM

    whoa actual useful (“useful”) analysis (“analysis”) from bespoke

  2. 2
    Posted by guest | December 5, 2008 at 5:17 PM

    November is spelled wrong
    big surprise at the news

  3. 3
    Posted by guest | December 5, 2008 at 5:17 PM

    Can someone post a link to the thread with photos of the Wideclops/ the posting about her?

  4. 4
    Posted by guest | December 5, 2008 at 5:18 PM

    Um…I guess.
    *But remember when that jack@$$’$ John Snow and Greg Mankiw were exclaiming the virtues of the “Jobless Recovery of ’03.”
    *And the outsourcing to the BRICs.
    Think about this: Now we’re laying off those “jobless” workers.
    What are we left with?

  5. 5
    Posted by guest | December 5, 2008 at 5:18 PM

    Novemeber?

  6. 6
    Posted by guest | December 5, 2008 at 5:30 PM

    something like 8 of those bad months shouldn’t really count– they occurred in late ’44, ’45, or early ’46. those were months when the economy was shifting out of WWII mode. it doesn’t make a whole lot of sense to group those special dislocations with the more strictly business cycle ones.

  7. 7
    Posted by guest | December 5, 2008 at 5:30 PM

    What is the problem – our Savior President Obama is going to create 2.5 million jobs. Problem solved.
    Yippe! Think i am going to go out and look at new houses now that i can get a 4.5% interest rate. I think i will qualify for the minimum on a $750,000 house (as long as my unemployment benefits are extended). No problem about not having a job because soon i will get my Obama job.
    With lower gas prices i can almost afford that new prada bag on sale at saks.
    Things are looking up!

  8. 8
    Posted by guest | December 5, 2008 at 5:43 PM

    Its also the lowest number of employed males ove 16 since they started tracking the stat in 1940.

  9. 9
    Posted by guest | December 5, 2008 at 5:58 PM

    8 here, at least according to this anyway…
    http://economix.blogs.nytimes.com/2008/12/05/workers-give-up/?partner=rss
    I guess there are a lot more old people that skew that.

  10. 10
    Posted by guest | December 5, 2008 at 6:46 PM

    Wow, I didn’t realize the 50s sucked that bad.

  11. 11
    Posted by guest | December 5, 2008 at 8:06 PM

    its still the worst since 1980

  12. 12
    Posted by guest | December 5, 2008 at 8:26 PM

    And how about the hundreds of thousands who are not searching for a job anymore and have given up, or something. Are those employed? Without those taken out of the workforce, the unemployment rate would have been 7% in November. And I’m not even bringing up U6.

  13. 13
    Posted by guest | December 5, 2008 at 8:27 PM

    WIDECLOPS!!!!!

  14. 14
    Posted by guest | December 5, 2008 at 8:39 PM

    YO!!
    2nd year Associate Bonus
    BMO Capital Markets=120 (today, confirmed)

  15. 15
    Posted by dorothy | December 6, 2008 at 4:12 AM

    don’t give up! just take a break and try to laugh. watch this site evolving. fred stoller, who i love, just made a video for these guys! he does a ‘rant’ about not having a job. it’s a good laugh in the middle of a shitstorm! :)
    http://www.iget2work.com
    they’re hilarious!

  16. 16
    Posted by guest | December 6, 2008 at 9:04 AM

    How bout we count based on how many jobs the gov’t realized were lost since the last jobs report?
    -533k for November
    -80k for October revision
    -129k for September revision
    +30k for November B/D adjustment
    Total jobs lost realized by gov’t:
    772,000

  17. 17
    Posted by guest | December 6, 2008 at 12:45 PM

    I’m just looking forward to sitting at home watching TV while Obama pays my mortgage…Woo hoo! You guys with jobs can pay for it out of your 90% tax rate or whatever.

  18. 18
    Posted by guest | December 6, 2008 at 12:45 PM

    I’m just looking forward to sitting at home watching TV while Obama pays my mortgage and for my healthcare…Woo hoo! You guys with jobs can pay for it out of your 90% tax rate or whatever.

  19. 19
    Posted by guest | December 6, 2008 at 1:22 PM

    CAROLINE KENNEDY A TROJAN HORSE
    REAL ONE HAS TRAUMATIC STRESS INJURIES
    ROD-HAM SCOTCHED JON-JON’S PRESIDENTIAL AMBITIONS TO FEED INSATIABLE SEX APPETITE.

  20. 20
    Posted by KevinB | December 7, 2008 at 2:29 PM

    @17,18 – Have you watched daytime TV?! You’ll be screaming for a job before you know it..

  21. 21
    Posted by guest | December 7, 2008 at 5:06 PM

    3 OBAMA LIVE-BLOGGING POSTS 12/7-12/8
    -MARS

  22. 22
    Posted by guest | December 7, 2008 at 5:12 PM

    OBAMA SAYS:
    LET’S REWIRE THE SCHOOLS AGAIN
    I SAY:
    LET’S WIRE OBAMA TO ‘OLD SPARKY’
    -MARS

  23. 23
    Posted by guest | December 7, 2008 at 5:14 PM

    OBAMA:
    CALLS 2009 TRANSPORTATION BILL A RADICAL
    INITIATIVE TO SAVE ECONOMY
    MY RADICAL INITIATIVE:
    RETRIEVE OUR PRISTINE ROAD FILES FROM YOUR DATABANK AND PASTE
    THEM ONTO EXISTING ROAD GRID!
    -MARS

  24. 24
    Posted by guest | December 7, 2008 at 5:22 PM

    OBAMA, ADVISORS AND PAID PUNDITS SAY:
    MATTRESS STUFFING LEADS TO STAGLATION
    I SAY:
    MAKE OUT 2009 STIMULUS CHECKS:
    $$PAYABLE TO AMERICAN PEOPLE (INCLUDING MEDICAID RECIPIENTS)
    $$IN THE AMOUNT OF 30 THOUSAND DOLLARS**
    $$PAYABLE WITHIN FIRST HUNDRED DAYS
    -MARS

  25. 25
    Posted by guest | December 8, 2008 at 10:19 AM

    Thanks for reminding us why we don’t read Dealbreaker for real news.

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