AP: Nov Job Losses Decrease Because There Are Fewer Jobs To Lose, But We Won't Mention That Last Part

Good news everyone! We lost only 11,000 jobs in November, and unemployment is now down to an obscenely low 10%, the lowest in 2 months! We're saved! Tomorrow, it's all unicorns and rainbows! But wait - there's more to this story. For one, jobs losses should be decreasing because their are simply fewer jobs to lose! Second, it;s the holiday season, so there is temporary unemployment available through Christmas that will disappear about as fast as a piss puddle in the dessert come January. But ignore those facts and celebrate not created buts, but instead fewer job losses! But wait, didn't Obama argue that the stimulus must be passed to avoid double-digit unemployment? Why yes! Yes he did!

How's that stimulus working out for you all? Here is what has been happening with Biden's 3-letter word this year:

January US jobs lost: 598,000 jobs
February US jobs lost: 706,000 jobs
March US jobs lost: 742,000 jobs
April US jobs lost: 545,000 jobs
May US jobs lost: 345,000 jobs
June US jobs lost: 467,000 jobs
July US jobs lost: 247,000 jobs
August US jobs lost: 216,000 jobs
September US jobs lost: 263,000 jobs
October US jobs lost: 190,000 jobs
November US jobs lost: 11,000 jobs

Total US jobs lost under Obama: 4,330,000 jobs

4.33 million fewer jobs to lose. Thus why be surprised that there are lessjob losses as time goes on? Remember that the stimulus package was supposed to stop the unemployment rate at 8%! A crisis could become a calamity? Remember that? Here's how that looks:

Note that the blue lines are the numbers that Obama's team came up with. So the actual unemployment rate is not only worse that what would happen with porkulus, but even worse than was predicted without it. Yet with all of the above, the AP trots out a positive story regarding the economy much like al quaeda trots out a guy in an orange jump suit (via The Detroit News): November jobless rate falls to 10 percent

The unemployment rate unexpectedly fell to 10 percent in November as employers cut the smallest number of jobs since the recession began. The better-than-expected job figures are a rare note of encouraging news for the labor market.

It's not until the 5th paragraph that you get this:

If part-time workers who want full time jobs and laid off workers who have given up looking for work are included, the so-called underemployment rate also fell, to 17.2 percent from 17.5 percent in October.

And this in the 11th paragraph:

Temporary help services added 52,000 jobs

TEMPORARY help. Holiday! What's not to expect here? In addition to the above, government employment increased by 7,000. No recession there! And in the 14th paragraph this:

The rate also dropped because fewer people are looking for work. The size of the labor force, which includes the employed and those actively searching for jobs, fell by nearly 100,000, the third straight decline. That indicates more of the unemployed are giving up on looking for work.

Important stuff to be buried so deep in an article, no? Want more of the real story? Michigan taxes too much has this: Job Numbers

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)

Seasonally Adjusted
Super Sector:  Total nonfarm
Industry:      Total nonfarm
NAICS Code:    N/A
Data Type:     ALL EMPLOYEES, IN THOUSANDS

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Annual
1999	127480	127890	127996	128372	128585	128851	129142	129334	129536	129944	130238	130532
2000	130781	130902	131374	131660	131885	131839	132002	132005	132127	132116	132347	132485
2001	132469	132530	132500	132219	132175	132047	131922	131762	131518	131193	130901	130723
2002	130591	130444	130420	130335	130328	130373	130276	130260	130205	130331	130339	130183
2003	130266	130108	129896	129847	129841	129839	129864	129822	129925	130128	130146	130270
2004	130420	130463	130801	131051	131361	131442	131489	131610	131770	132121	132185	132317
2005	132499	132720	132841	133153	133365	133624	133946	134136	134223	134321	134701	134861
2006	135155	135429	135711	135862	135886	135956	136142	136291	136438	136520	136781	137000
2007	137180	137216	137400	137435	137591	137645	137580	137552	137652	137817	138032	138152
2008	138080	137936	137814	137654	137517	137356	137228	137053	136732	136352	135755	135074
2009	134333	133652	133000	132481	132178	131715	131411	131257	131118	131007(P)	130996(P)

Note that we are now where we were before - 10 years ago!