Surprise: Flyin' Imams Radical Islamist Firebrands | Main | MSM Cites Another Hillary Plant For Objective Political Analysis
December 07, 2007

AP: "Solid Jobs Report, Wage Growth In Nov."

Not the 189,000 jobs forecasted by that private ADP report earlier this week, but still solid. And likely to be revised upwards, as usual.

Employers added a modest 94,000 jobs to their payrolls in November, the unemployment rate held steady at 4.7 percent and wages grew briskly, encouraging signs the nation's employment climate is holding up in the face of turbulence in the housing and credit markets.

...

The 94,000 new jobs in November came after a surprisingly strong payroll gain of 170,000 in October. The unemployment rate stayed at a relatively low 4.7 percent for the third straight month.

...

The performance was better than economists were expecting. They were forecasting that the unemployment rate would nudge up to 4.8 percent and they also said they thought employers would boost payrolls by around 70,000.

...

Workers with jobs saw brisk wage growth last month.

Average hourly earnings rose to $17.63 in November, a 0.5 percent increase from the prior month. That marked the biggest monthly gain since June. The only other time the monthly gain was higher was in October 2005. Economists were expecting a more moderate rise of 0.3 percent. Over the past 12 months, wages grew by 3.8 percent.

Solid wage growth supports consumer spending, a vital ingredient to a healthy economy. But a sustained and rapid pickup in wages -- if not blunted by other economic forces -- can stoke inflation, which can eat into any wage gains.

...

Overall, the employment and wage figures were encouraging because they suggested the labor market is not cracking under all the strains plaguing the economy.

Not cowbell, but still good.



digg this
posted by Ace at 12:53 PM

| Access Comments




Recent Comments
JB1000, EAJ: "I am hoping Mr. Kimmel has the 'joy' of being told ..."

Ruthless: "Gawd, I gotta go eat something. You guys are addic ..."

katya the designated driver: "We cut our cable two years ago. Rarely miss it. ..."

Bitter Clinger and All That (Back from the Dead): "One mo' step, i'll juke you. ..."

HILLARY!!!: "Try and take the hot sauce outta my purse!  I ..."

Nevergiveup: "it's not your night. Posted by: Donna&&&&&&V. at ..."

Tami[/i][/b][/s][/u]: "505 Tami- Thank you for the reply. Answered Pos ..."

illiniwek: "wow ... most of the way through the "emotional con ..."

Ladylibertarian: "I first read that as "shaved" and proceeded to dry ..."

sven10077: "439 Posted by: Eromero at October 16, 2017 09:31 P ..."

josephistan: ">> I first read that as "shaved" and proceeded to ..."

chavez the hugo: "502: brilliant. an empty lambeau would be one for ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64