Friday, December 5, 2008

November Jobs Report

The situation continues to worsen. According to the Bureau of Labor Statistics, another 533,000 people were unemployed in November, 2008 vs. October. And speaking of October, that figured got revised be down even more than what they reported last month.

Another interesting point is that there are 600,000 more people who are out of work but not counted as unemployed, if you compare November 2008 to November 2007. There can be several reasons why they are considered "unemployed", but typically it's things like being discouraged and stopping an active job search or going back to school.

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