Nov. UE numbers just came out and it looks like we are "unexpectedly" back up over 8%.
To be fair (or generous, IMO), the article states:
It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.
The article also states that the underemployment rate is 17.2%, up from 15.9% in October.
Usually the trend this time of year is for unemployment to go down a notch due to temporary seasonal hiring, however that didn't happen this year. I can see how the storm may have made an impact, but do you feel that this is a glimpse into what is coming or do you think that this is just fallout from the storm and that things will return to our new normal after the new year? Do you expect the economy to come roaring back and if so, what do you think needs to happen first to make it possible?
*please note that I don't know what the conditions in the worst hit areas from Sandy.
Answer by PMSMom10 at 11:49 PM on Dec. 6, 2012Credits: 202145 Level 45 Politics & Current Events Minor
Answer by PartyGalAnne at 12:04 AM on Dec. 7, 2012Credits: 56205 Level 32 Politics & Current Events 101
Oh ya thats right, we maybe jumping of that fiscal cliff, and you are going to Hawaii!!!
Answer by Anonymous at 12:05 AM on Dec. 7, 2012
Answer by yourspecialkid at 12:00 AM on Dec. 8, 2012Credits: 74449 Level 35 Politics & Current Events Degree
Didn't you get the memo? It already has!
Answer by DSamuels at 1:27 AM on Dec. 8, 2012Credits: 56155 Level 32 Politics & Current Events Degree
Answer by DSamuels at 1:28 AM on Dec. 8, 2012Credits: 56155 Level 32 Politics & Current Events Degree
Answer by okmanders at 12:09 AM on Dec. 7, 2012Credits: 136242 Level 41 Politics & Current Events Degree
Answer by Michigan-Mom74 at 12:21 AM on Dec. 7, 2012Credits: 57595 Level 33 Politics & Current Events Degree
Answer by Ballad at 12:31 AM on Dec. 7, 2012Credits: 84629 Level 36 Politics & Current Events Minor