November jobs report: Sandy impact muted | Reduction

November jobs report: Sandy impact muted

U.S. Union Membership Less Than 12 Percent by Cory M. Grenier
License (according to Flickr): Attribution-ShareAlike License

Excerpt:

(MoneyWatch) The U.S. economy added 146,000 new jobs in November and the employment rate slid to 7. 7 percent from last month's reading of 7. 9 percent. The results were far better than expected. The Labor Department noted that while Superstorm Sandy caused severe damage in the Northeast, the "survey response rates in the affected states were within normal ranges. Our analysis suggests that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November." Using weekly jobless claims as a guide, economists were bracing for a tepid job creation number. The number of people filing new claims for unemployment insurance benefits soared to 451,000 the first week of November, up from an average of 372,000 the previous four weeks. But in the most recent report, the Labor Department said 370,000 people filed new jobless claims last week.

Keywords:

unemployment unemployment rate percent household survey economy lower unemployment Sandy Labor Department participation rate U.S. economy lower unemployment rate jobless claims fiscal cliff Broad unemployment rate unemployment insurance benefits dramatically lower unemployment unemployment estimates survey response rates work tepid job creation

People:

Superstorm Sandy

Overall Sentiment: -0.202111

Relevance: 0.841313

Paul Ashworth

Overall Sentiment: 0.0546063

Relevance: 0.339503

Additional Info:

PrintMedia: AP

Overall Sentiment: 0.148918

Relevance: 0.325354

NaturalDisaster: Hurricane Katrina

Overall Sentiment: -0.222621

Relevance: 0.456842

Disambiguation: TropicalCycloneReferences:

• Hurricane Katrina: dbpedia
• Hurricane Katrina: freebase
• Hurricane Katrina: opencyc
• Hurricane Katrina: yago

Holiday: Thanksgiving

Overall Sentiment: -0.452274

Relevance: 0.331199

Webpage Tags

Source : Click

Site Provided Title:

November jobs report: Sandy impact muted

Webpage Provided Keywords:

• economic growth
• employment
• fiscal cliff
• jobs
• november jobs report
• sandy
• unemployment

Webpage Provided Desc:

Economy adds 146K jobs, unemployment at 7.7 percent; The much-feared impact of Superstorm Sandy on the jobs report was for naught

Data Sources

Full Content: http://feeds.cbsnews.com/~r/CBSNewsBusiness/~3/ftyiuZQHQ3k/

Click

Unemployment rate falls to lowest level since 2008 | Essentials

Unemployment rate falls to lowest level since 2008

Excerpt:

The U.S. economy added 146,000 jobs in November, and the unemployment rate fell to 7. 7% from 7. 9% in October, the Labor Department said. While that's the lowest unemployment rate since December 2008, it fell due mainly to workers dropping out of the labor force. Economists surveyed by CNNMoney had predicted that only 77,000 jobs were added in November and that the unemployment rate had risen to 8%, factoring in distortions from Superstorm Sandy. But the Labor Department said it was still able to collect a normal level of responses to its survey, even in areas affected by the storm. "Our analysis suggests that Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November," the Labor Department said in a press release. The Labor Department typically revises its jobs numbers several times.

Concepts:

Unemployment Jobless recovery Economics United States Employment Minimum wage Labor Discouraged worker

Events:

Additional Info:

URL Header Info

Source URL: Click

URL Provided Title:

Unemployment rate falls to lowest level since 2008

URL Provided Keywords:

• construction
• economy
• federal reserve
• fiscal cliff
• home
• hostess
• Hurricane Sandy
• job
• job growth
• jobs
• jobs report
• layoffs
• Manufacturing
• november
• recovery
• superstorm sandy
• unemployed
• unemployment
• unemployment rate

Webpage Provided Desc:

Modest hiring continued in November and the unemployment rate fell to its lowest level in nearly four years, according to a report released Friday.

Data Sources

Full Content: http://rss.cnn.com/~r/rss/money_latest/~3/_9hF5b7PGGQ/index.html

Source