“Employers in the U.S. cut the fewest jobs in November since the recession began and the unemployment rate unexpectedly fell [to 10 percent], signaling the recovery is lifting the labor market out of the worst slump since World War II.”
November numbers for San Francisco in two weeks, (October was up to 9.9 percent).
∙ Payrolls in U.S. Decline 11,000; Unemployment at 10% [Bloomberg]
∙ San Francisco County Unemployment Up To 9.9 Percent In October [SocketSite]
Yeah right…
Do you believe in Fairy Tales? Now let’s all click our heels together and say…I have a job…I have a job…and…and…maybe one will appear out of thin air.
In the coming months we will see that the road to hell is paved with more Tax and spend policies spewing out of this administration, including SF city hall. I find it hard to believe that employers are going to start to hire while standing on quicksand.
Today’s number may only be temporary uptick in the number of job claims and even if it were true as the governments of the world continue to print more money the value of the dollars your wallet continue to decline. How’s that for stimulus?
My bet is that unemployment will remain at 7% to 8% for a long…long time. This will become the new norm going forward…this from the smartest guys in the room http://www.bloomberg.com/apps/news?pid=20601109&sid=aTaMp97rGOnA
No good news goes unpunished…