December 2012 Jobs Report

7 December 2012

Hard to see too much bad news in today’s jobs report:  146,000 new jobs, and a drop in the unemployment rate.   Of course the unemployment rates for teenagers (23.5%),  blacks (13.2%), and Hispanics (10.0%) are not very encouraging.


The number of long-term (27 weeks or more) unemployed has decreased by about 900,000 from a year ago and the number of discouraged and marginally attached workers has decreased by about 200,000 from a year ago.


One would like the progress to be faster, for sure… but this is somewhat encouraging.


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