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Establishment Survey +146,000; Household Survey -122,000 Jobs; Unemployment 7.7% as Labor Force Shrinks by 350,000; No Sandy Effect

Friday, December 7, 2012 11:51
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(Before It's News)

by Mike Shedlock
MISH’S Global Economic Trend Analysis

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The establishment report of +146,000 jobs was about what most expected.

However, beneath the surface, this report looks grim.

The household survey shows a loss of 122,000 jobs. The unemployment rate dropped by .2% because the labor force fell by 350,000 and those “not in the labor force” rose by a whopping 542,000.

Thus, we are back to the previous 2012 pattern of witnessing unemployment rate drop largely because of a massive increase of those “not” in the labor force.

Continue Reading at GlobalEconomicAnalysis.Blogspot.ca…



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