Jobless rate hits 5-year low

  • Article by: NELSON D. SCHWARTZ , New York Times
  • Updated: December 6, 2013 - 11:54 PM

Jobless rate dipped to five-year low, prompting optimism about recovery.

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  • Comments

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divineleftDec. 6, 1310:05 PM

Oh no, what is the GOP going to do with THIS story? Will the party line now be shifting to "Obama had nothing to do with the recovery?"

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wplettfanDec. 6, 1310:11 PM

A 5 year low means it's lower than when GWB was prez. Hmmmmmmmmmmmmm.

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elvishoneyDec. 7, 1312:24 AM

Can't wait until 2016. The last time we had a Clinton in the Oval Office our economy soared. Hello Madam President.

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Jakein08Dec. 7, 13 7:19 AM

The Minnesota numbers are very impressive, 4.8% unemployment! The rhetoric that Gov. Dayton's evening out taxes a bit would sink our economy was, once again, just rhetoric. Compare MN to Wisconsin. 49th out of 50 states in job growth since Walker busted the unions in his "feel good for the Koch Bros." legislation.

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rwoodyDec. 7, 13 7:22 AM

Don't be foolish and fall for these 'cooked' numbers. You can make the unemployment rate low by simply changing the formula, which is what has been done. Folks - the labor participation rate is the lowest it has been in 30 years! There are over 91M people out of work! Don't be naive about what you are reading. I am not a democrat nor republican. I don't care about Clinton, Bush, Obama or any other President who have almost zero means to create 'real' jobs. I am a businessman with a medium sized business that has not hired one additional person in over 6 years! Why? Because the economy is fools gold right now with the huge debt levels and uncertainty with the borrowing tactics of the federal gov't. Yes, I may give up some potential growth in the short term but it is my responsibility to my current employees to mitigate risk long term, so my business strategy is status quo at the present time. The jobless numbers mean nothing to me because I know they are a political marketing tools used by both parties. I look what is happening at ground zero and right now the business climate is not great! When you have more 'takers' than 'givers' in the economy the outlook cannot be bright because handouts do not give consumers a vested interested in the long term stability of the market place. Without market stability economic growth long term will limp along and true market potential will not be realized.

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slikweasel21Dec. 7, 13 7:26 AM

I hate to say it as I despise Democrats just as much as Republicans, but somehow the economy has improved. I sometimes wonder how much a president actually has to do with the economy, but I have to give credit where credit is due.

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mnavariceDec. 7, 13 8:13 AM

Jake08 "The Minnesota numbers are very impressive, 4.8% unemployment!" --------- This entire area of the country is doing well (ND 2.7,SD 3.7, NE 3.9, IA 4.6, MN 4.8, WS 6.5) - Source: BLS

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mnavariceDec. 7, 13 8:20 AM

Plett "A 5 year low means it's lower than when GWB was prez. "------- Unemployment Rates since 2000 (Range): 2000 (3.8-4.1), 2001(4.2-5.7), 2002(5.7-6.0) 2003(5.7-6.3), 2004(5.4-5.8), 2005(4.9-5.3), 2006(4.4-4.8), 2007(4.4-5.0), 2008(4.9-7.3){Change of POTUS} 2009(7.8-10.0), 2010(9.3-9.9), 2011(8.5-9.1), 2012(7.8-8.3), 2013(7.0-7.9)

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wplettfanDec. 7, 1311:27 AM

mnavarice - "Lowest in 5 years." Period.

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theagonybhoDec. 7, 13 1:55 PM

You do realize the Novembers jobs numbers although good, represent a yearly jump in that month due to part time retail holiday hiring. Last weeks claims for unemployment were lower due to a 3 day holiday work week. The other thing i find amazing is the timing,just when Obama is down like before the election more magical numbers on jobs that we now know were fudged. If the economy and jobs are so good quit pumping 85 billion a month into the market, then we will see how strong Obamas economy is.

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