Unemployment Dips to Lowest Level Since 2009, But Why?

by UrbanTurf Staff


The economic news that has the business world abuzz today is that the unemployment rate in the country dropped to 8.6 percent in November, the lowest level since March 2009.

The unexpected drop, coupled with a report that the U-6 jobs measure — a tool that gauges the number of people working part time and those marginally attached to the labor force — fell to 15.6 percent in November, is cautiously being considered good news.

However, an article in The Wall Street Journal does a good job of explaining exactly what these numbers mean:

In October, the household survey showed the number of people unemployed fell by 594,000, but the labor force — the number of people working or looking for work — fell by a little more than half that amount. That means that though the number of employed people rose, a large group just stopped looking for work. That could be due to discouragement of the long-term unemployed or by choice over retirement or child care. So the decline in the unemployment rate to 8.6% was about half due to people finding jobs and half people dropping out.

In late November, the Bureau of Labor Statistics reported that the unemployment rate in DC proper dipped slightly, to 11 percent in October from 11.2 percent in September.

See other articles related to: unemployment

This article originally published at http://dc.urbanturf.com/articles/blog/unemployment_dips_to_lowest_level_since_2009/4691


  1. Going Galt said at 1:14 pm on Friday December 2, 2011:

    Only to have this number revised a month from now back to 9%+.  Do they really think we’re such fools to believe that they can play games like this with the unemployment numbers and inflation (by removing fuel and food!!!)?  I’m in the DC real estate business, we had 27 employees as of 2008 and now we’re down to 2!  I would love to say that things are getting better but there’s no way we’re hiring under the current regime and their crazy regulators.

  1. John said at 10:01 am on Saturday December 3, 2011:

    O yes, it’s Obama’s crazy regulators keeping the economy down. Are you serious? I have 1 million and 1 things to critize the president for but over regulation is not one of them. It’s true fox news does rot your brain,

  1. mona said at 9:56 am on Sunday December 4, 2011:

    If we had had some regulation in the first place we wouln’t be in this hot mess that we are now

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