On This Day, We All Witnessed a Miracle...and the End of the 2024...
I'm Not Doing 'Tolerance' Anymore
Watch CNN's Scott Jennings Explain What a Trump Republican Is. The Panel Didn't...
ReSIsT FaScIsM: Dem Governor Told Hordes of State Government Workers They're Being Laid...
Hey, DOJ, How About Growing Up and Doing Your Damn Jobs?
Now They Care? Democrats Suddenly Get Loud About Epstein Files After Four Years...
God Saved President Trump for a Reason One Year Ago
The Deep State Wins Again
A Quick Bible Study Vol. 276: Moses in the New Testament Gospels
Meet the New Grok, Same As the Old Grok
Will John Brennan Finally Be Indicted?
Diplomacy or Disaster? Is Secretary Rubio Dismantling or Rebuilding America’s State Depart...
God Did Not Play Dice With Donald Trump's Life
Trump Breaks Silence on Alleged Bondi–Bongino Clash
Trump Unleashes 30 Percent Tariffs on Mexico, EU: Hits Back at Cartels, Trade...
Tipsheet

Unemployment Rises to 9.8%

November's .2% climb from October was a searing disappointment to economists who expected the rate to stay the same at 9.6% or decline. Business profits are up, and S&P 500 companies are sitting on buckets of cash -- but they're not putting that cash into their payrolls.  Instead, they're just getting more out of their workers.
Advertisement


The average workweek sat at 34.3 hours, and average hourly earnings increased by just one cent to $22.75. Between 15 and 27 million people are unemployed right now, and that's the way it's been for quite some time. WSJ:

The U.S. unemployment rate has now been above 9% since May 2009, or 19 months. That matches the longest stretch at such an elevated level since World War II. In the deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement