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  1. #31
    Senior Member AirborneSapper7's Avatar
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    Liberals Now Claim Layoffs Are Unamerican

    11/10/12


    Now that we're experiencing layoffs due to the failed policies of the Obama administration, the Liberals continue to drink the Kool-Aid and blame unAmerican business owners for it.

    From Twitchy:

    Libs are already out in full force trying to excuse and minimize the layoff bomb created by President Obama’s destructive policies.

    Business owners are heartbroken by the massive layoffs necessitated by Obama’s reelection and the certainty of further economic burdens. And many more layoffs are in the works.

    But is the president to blame for that? Pfft. According to Obama apologists, it’s those petty, vindictive Rethuglicans tossing around pink slips like they’re confetti.

    It’s all about spiting Obama by collapsing the economy, natch.

    Liberals Now Claim Layoffs Are Unamerican
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  2. #32
    Senior Member vistalad's Avatar
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    Quote Originally Posted by AirborneSapper7 View Post
    [D]own here in Florida they are cutting peoples hours far below full time so they dont have to pay for Obamacare... which means the tax payers are going to fully fund Obamacare.
    'Bama's claim that people could keep their current health insurance was always nonsense. I tbelieve that 'Bama knew that but he will say anything to get what he wants.
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  3. #33
    Senior Member vistalad's Avatar
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    Quote Originally Posted by Newmexican View Post
    Lets bring in some more illegal aliens and give them free housing,medical,food, and pay them to produce kids for money and kiss their nether parts for illegal votes.

    Why does this mentality prevail in the small minds of politicians?
    IMO it's because principles are less and less important to the career politicos who increasingly just count noses - and dollars, of course. Witness 'Bama.
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  4. #34
    Super Moderator Newmexican's Avatar
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    From the Website "Daily Job Cuts.com

    Layoffs:


    November 10 , 2012Update: DuPont Co in Richmond VA - 64TMX Group Ltd. - 100Penn Refrigeration - 40Wilkes-Barre PA - Layoffs PossibleStandard Bank Group Ltd. - up to 15% of StaffThe Art Gallery of Windsor ( International ) - 12American Coal - 54New Energy Corp. Indiana - Idles 40
    November 9 , 2012Mills Manufacturing NC - 68TECO Coal Corporation - 90Energizer Holdings Inc - 1,500Update: Exide Technologies in Laureldale - 150Southeastern Container - 15Update: UtahAmerican Energy Inc - 102The SCA plant in Barton - Plans Staff ReductionsPlexus Corp - Contract Loss Could = LayoffsYakima Regional Medical Center Washington - 10+Crouse Hospital Syracuse NY - 70 Jobs
    November 8 , 2012Eagle-Tribune in North Andover - 21Ameridose LLC - up to 650 LayoffsEMD Millipore St. Charles - Some LayoffsGroupon - 80Pratt & Whitney Rocketdyne - 100Slidell La. - Warns of Possible LayoffsWestinghouse Anniston - 50Research in Motion Ltd. HQ - 200Lightyear Network Solutions - 12+The Providence Journal Co. - 23Hawker Beechcraft - 240 Layoffs + Facility Closings
    November 7 , 2012Boeing - 30% of Executives at Defense UnitCVPH Medical Center - 17 Pink SlipsU.S. Cellular - 980Commerzbank ( German ) - up to 6,000 Layoffs Poss.Spanish airline Iberia - up to 7,000 PossibleMomentive Performance Materials - 150 Temp, LayoffsBrake Parts LLC - 75Gameforge Berlin - 20Vestas Wind Systems - 3,000 More Job CutsHusqvarna AB - 600ING - 2,350Ericsson ( Sweden) - 1,550SRA International Inc - 222 in Arlington Va.PerkinElmer - 66 Layoffs During 3rd QuarterMajestic Star Casino and Hotel - About 80Center for Hospice / Palliative Care NY - 40 Temp. Layoffs
    November 6 , 2012Bristol-Myers - 480 Sales Related Jobs in NJUpdate: the Lower Bucks Hospital - 30Oce North America, Inc. CT - 135Updated: Corning in Erwin NY - 100United Blood Services Gulf region - 10% of WorkforceThe Atlantic Lottery Corporation ( International )- 16
    November 5 , 2012GenOn Energy Inc - 33The Umatilla Chemical Depot - 34HSBC - More Job Cuts PossibleWartsila ( Finland ) - Plans Temp. LayoffsPhilips Electronics ( Belgian Plant ) - 218Hills Holdings ( International ) - 300
    November 4 , 2012American Independence Museum - 4The ArcelorMittal steel mill in Georgetown - 20Groupon ( UK ) - Some Layoffs
    November 3 , 2012Judson University - 21Montco Behavioral Health/Dev.Dept. PA?- 58

    Bigpoint Games in San Fran. CA - 47WPS Health Insurance - up to 600Lackawanna County PA - 11+ LayoffsVolvo Trucks plant in Dublin - 300 Layoffs in Jan.Black Hills Corp. At Wyodak Coal Mine - 11
    November 2 , 2012Kratos Defense Security Solutions - 125 Layoffs PossiblePenske Logistics Kansas City - 50Update: Shaws Supermarket- 700 at 169 LocationsSupervalu Unit SHAW's - 700Emanuel Medical Center - 24Update: Exide Technologies Bristol Tenn. - 167St. Jude Medical - 500ATI Career Training Centers FL- Warns of 184 Job Cuts
    November 1 , 2012Martha Stewart Living - 70Niagara Falls NY - New Budget May = 17 LayoffsHarris' Broadcast Communications divisions - 17Cigna - 4% or 1,300 Workers AffectedFirstEnergy Corp - 142Schools District 186 Springfield IL - Possible 139 Layoffs

    Update: Kaiser Permanente CA - 84GT Advanced Technologies Inc - 165Adventist Health - 48Sigma Designs Inc - Some LayoffsICM of Colwich - 25Tacoma’s Public Works Dept WA - Some Layoffs Possible
    October 31 , 2012DEP in Tallahassee FL - 15+Lonza ( International ) - 500Shawano foundry WI - 90Rheem Manufacturing Fort Smith - 50Activision's Minneapolis studio - 30Neovia Logistics Services - 52Consol Energy in W.V. - 145
    October 30 , 2012Nebraska Medical Center - 38Aveo Oncology - 45Social game developer Sulake - 60Entertainment-related companies in Burbank - 175InterMetro Industries Fostoria Ohio - Layoffs Start in Jan.Dutchess County - Layoffs / Tax Hike ProposedRutherford Mulhall - Some Layoffs ReportedSands Hill Mining, LLC - Layoffs PossibleBlues City Brewery TN - Recent Layoffs, No Number
    October 29 , 2012Update: eBay Confirms 325 Layoffs at PayPalVodafone ( Australia ) - 500

    Closings


    November 11 , 2012
    HarperCollins Publishers to close its warehouse and distribution operation in Throop next summer



    November 10 , 2012
    Rider’s Closet Tack Shop in Crary Mills NY?
    Williamson Bicycle Works Closing at 640 W. Washington Ave Store, Other Store Open
    Update: Bakers Footwear Group Begins Liquidating 150 Stores Across the Country
    Vyn-All Pool Products Plant in McKenzie Tenn.
    Christensen’s Furniture
    Mountain West Research closed its call center in Idaho Falls
    Blockbuster Video Store at 545 N.Telegraph Rd. in Monroe
    Fishbones General Store in Mount Vernon NH?
    Bartikowsky Jewelers in Wilkes-Barre PA
    The Red Oak Comfort Food and Pie Co in Bloomington
    Heritage House Antiques Store in Port Royal
    House of Shalimar in Ithaca NY
    Update: Target Store in Hickory Hollow Area Tenn.
    Mike-sell's Snack Food Co. is closing three Ohio distribution facilities - < 40 Jobs Lost
    Richboro's Patagonia Bar and Grill PA
    The Party Warehouse closing 2 Stores
    Holland Jewelers located near SouthPark Mall in Moline



    November 9 , 2012
    The Pizza Inn restaurant on Hughes Boulevard in Elizabeth City NC
    Waltz Pharmacy in Waldoboro Maine
    Zac's Place in Hinsdale IL
    Lone Star Steakhouse at 70th and O streets and Ruby Tuesday at 56th Street in Lincoln NE
    Career Education Corp - Closing 23 Campuses - 900 Jobs Lost
    Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
    Shamrock Bar at Payne City's Rose Avenue. in GA?



    November 8 , 2012
    Caterpillar Inc. will close its plant in Owatonna Minn.
    Mount Pleasant’s Albrecht Sentry Foods
    The Target store at Manassas Mall Va.
    Millennium Academy in Wake Forest NC
    Target Closing Kissimmee FL Location
    Calgary's iconic Rideau Music store ( International )
    The Andover Gift Shop in Andover MA
    Grand Union Family Markets Closing Storrs Location CT
    Movie Scene Milford Location NH
    Update: TE Connectivity Closing Greensboro Plant - 620 Layoffs Expected
    Gomer’s Fried Chicken in South Kansas City
    Kmart in Homer Glen



    November 7 , 2012
    Fresh Market on Pine Street in Burlington
    AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport Tenn.
    The Target store at Platte and Academy in Colorado Springs
    Island Colors - A Carolina Beach Clothing Store
    The Roses store on Reynold Road in Winston-Salem NC
    Meanders Kitchen West Seattle location at 6032 California Ave: White Center Location Still Open
    Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN
    Townsend Booksellers in Oakland
    The Kmart store in Parkway Plaza off University Drive in Durham NC - 79 Jobs Lost



    November 6 , 2012
    Guarantee Shoe Store in Beaumont Texas

    Associated Milk Producers Inc. Closing manufacturing facility in Dawson Minn. - 130 Jobs Lost
    FacadeTek Inc Closes Whitestown Facility - 72 Jobs Lost
    Comet Market in Punxsutawney Pa.
    JC Penney store in Miracle City Mall Titusville FL
    TurboCare Inc Closing Manchester CT Facility - 88
    The United Colors of Benetton store on Armitage Avenue ILUpdate: Bicycle shop Ten 27 Cycles 1027 Davis St. in Evanston IL



    November 5 , 2012
    Two Sears Product Rebuild Centers in The Woodlands Texas
    FesslerUSA Clothing Maker Closing in PA
    Ralph Lauren's plans to close its 14 stand-alone Rugby locations
    Nashville Sash & Door Co. Inc Tenn.
    First Portuguese church in North America in Bedford Mass Closing?
    International Fashions in Carbondale’s University Mall IL
    Harper's Old Army Surplus Store in West Monroe La



    November 4 , 2012
    The Party Warehouse in West Springfield Mass.
    TLC Wine and Liquor at 1205 W. Main St in Kent Ohio?
    The HAPPY Place 1042 N Coast Hwy, Laguna Beach, CA



    November 3 , 2012
    SOW Inc. shelter on South Broad Street GA?
    Systemax Inc., Closing Miami County Ohio Computer Plant - 120 Jobs Lost
    Textbook publisher McGraw-Hill Cos. Closing 2 Distribution Centers - 166 Layoffs



    November 2 , 2012
    Nash Finch Closing Cedar Rapids Iowa Food Distribution Center
    Johnnie's Foodmaster MA Closing all 10 Locations
    Rainbow Foods will be closing its Forest Lake location MN - 59 Layoffs
    Berry’s Camera Shop Inc. in Downtown Lafayette
    Schreiber Foods to close their food packaging plant in Ravenna - 70 Jobs Lost
    Kmart store at 5300 Salem Ave. Trotwood Ohio
    Mr.Christie plant in Toronto ( International ) 2013 - 550 Jobs Lost
    Coffee with T cafe in Stevenson Village business MD



    November 1 , 2012
    Minas Basin Pulp and Power are closing a mill in Hantsport ( International ) - 135 Layoffs
    The Colonial Country Shoppe on Park Street in Adams MA
    Vestas Wind Systems Closing R&D Office in Louisville - 60 Jobs Lost
    Dollar Castle in downtown Ferndale MI
    Bistro One West in St Charles IL
    Sun Dog Diner in Neptune Beach FL
    Jim’s Builders Hardware in Wichita, Kansas
    Madeleines Bakehouse in Fort Wayne Indiana



    October 31 , 2012
    Barnes & Noble plans to close its doors in Union Station Dec. 31
    The Semiahmoo Hotel in Blaine Washington
    Highland Curves CA
    The Salem Sport Shop in Salem Ohio
    Navistar International Corp. to Close truck assembly plant in Garland, Texas - 900 Jobs Lost
    Divine Mercy Catholic Books & Gifts Denton Texas
    Singer Mental Health Center in Rockford IL
    Garelick Farms Ends Production at Bangor Maine Facility
    Fashion Tech Window Coverings in Portland?



    October 30 , 2012
    Custom House Tavern Chicago IL.
    Jim’s Builders Hardware in Delano
    Lone Star Steakhouse at 1801 22nd St. in West Des Moines
    Sears to Close Woodlands Product Rebuild Center - 117 Jobs Lost



    October 29 , 2012
    Whitehead Inc Rockford Real Estate Company
    Robert’s Mens Shop in Downtown New Philadelphia Ohio
    Fort Tecumseh Olde Fashun Store in Ohio
    Lakewood Beginnings Child Development Center in Lakewood Ohio
    Green Fields Seed & Feed in Grand Junction Colo.
    The Army and Navy Store in Melrose Mass.
    Vitalistic Therapeutic charter school PA
    Diamond Foods Inc Closing a plant in Fishers Indiana

    Daily Job Cuts - Layoff News , Job Layoffs 2012 / 2011 , Bankruptcy, Store closings, Business Economy News
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  5. #35
    Senior Member AirborneSapper7's Avatar
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  6. #36
    Senior Member AirborneSapper7's Avatar
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  7. #37
    Super Moderator Newmexican's Avatar
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  8. #38
    Senior Member AirborneSapper7's Avatar
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    The Twinkie That Broke The Economy's Back?

    By Michael, on November 18th, 2012


    Can you hear that sound? It is the sound of the air being let out of the economy. Since the election, there has been a massive tsunami of layoffs and business failures.

    Of course the company that is making the biggest headlines right now is Hostess.

    On Monday, Hostess will be in a New York bankruptcy courtroom as it begins the process of liquidating itself. Needless to say, Twinkie lovers all over America are horrified. Many are running out to grocery stores and hoarding as many as they can find, and some online sellers are already listing boxes of 10 Twinkies for as much as $10,000 on auction websites such as eBay.

    Well, there is really no reason to panic. It is very likely that another company will purchase the Twinkie brand and continue to produce them. In fact, it is already being rumored that a Mexican company may have the inside track.

    But even though the Twinkie may survive, the failure of Hostess is yet another sign of how weak the U.S. economy has become.

    Approximately 18,500 Hostess workers will be losing their jobs, and even if some of them are rehired by the company that takes over the Twinkie brand, the truth is that those workers will almost certainly be looking at greatly reduced pay and benefits.

    Sadly, we are seeing this kind of thing happen all over America.

    Large numbers of once thriving businesses are either shutting down or laying off workers. Overall, the failure of Hostess is not that big of a deal for the U.S. economy. But we may look back someday and remember Hostess as a symbol of the economic problems that were unleashed by the election of 2012.

    Since November 6th, a wave of pessimism has swept over the economy and we are now seeing some of the worst economic numbers that we have seen in more than a year. Many fear that we may have reached a tipping point and that things are only going to get worse from here.

    Sadly, the reality is that Hostess is not the only iconic American company that is in a huge amount of trouble right now. Sears just announced a loss of nearly 500 million dollars in the third quarter. Sears has been bleeding money like this for a couple of years, and if they continue to do so it will just be a matter of time before Sears is headed for liquidation as well.

    Can you imagine trying to explain the Sears catalog and Twinkies to future generations in a world where those things no longer exist?

    Our world is changing at mind blowing speed, and the pace of change is only going to keep accelerating.

    A few days after the election, I wrote an article about the huge number of layoff announcements that we saw after Barack Obama won.

    Well, it has gotten even worse since then.

    The following is a partial list of the layoffs and job losses that have been announced since November 6th...

    Abbott Labs 700
    Activision 30
    Adventist Health 48
    Airlines SAS 6000
    AMD 400
    American Cotton Growers 110
    ArcelorMittal 20
    American Independence Museum 4
    Ameridose 790
    American Airlines 4400 + 800 leaving voluntarily
    American Coal 54
    Atlantic Lottery Corporation 16
    Assc Milk Producers 130
    Aveo Oncology 45
    ATI 172
    Bankia 5000
    Bechtel Power Corp 277
    Bigpoint Games 47
    Boston Scientific 1200
    Brake Parts LLC 75
    Brattleboro Retreat 31
    Bristol Myers 500
    Career Education 900 + Closing 23 Campuses
    Cigna 1300
    Citigroup 100
    Commerzbank 6000
    Consol Energy in W.V. 145
    Covidien 595
    Crouse Hospital Syracuse NY 70
    Cummins 150
    CVPH 27
    DEP in Tallahassee FL 15
    DuPont, Co. 64
    Eagle-Tribune, Andover 21
    Emanuel Medical Cente 24
    Energizer Holdings 1500
    Ericsson 1550
    Exide Tech, Laureldale 150
    City of Findlay, OH 39
    First Energy 400
    Gameforge Berlin 20
    Gamesa Energy 92
    GenOn Energy Inc 33
    Glen Falls Hospital 29
    Groupon 80
    GT Advanced Tech 165
    Harris’ Broadcast 17
    Hawker Beechcraft 400 + Facilities closing
    Hill Rom 200
    Hills Holdings 300
    HMX Group 567
    Hostess 627
    Iberia Airlines 4500
    ICM of Colwich 25
    ING 2350
    Judson University 21
    Juniper Networks 500
    Kaiser Permanente 84
    Kinetic Concepts 427
    Kratos Defense Security 125
    Lackawanna County PA 11
    Lightyear Network Solutions 12+
    Lonza 500
    Majestic Star Casino/hotel 80
    Major Wind Company 3000
    Martha Stewart Living 70
    Medtronic 1000
    Mills Manufacturing NC 68
    Momentive, Inc. 150
    Monitor Group 235
    Montco Behavioral Health/Dev 58
    NBC 500
    Nebraska Medical Center 38
    Neovia Logistics Services 52
    New Energy 40
    Ormet 200
    Panasonic 10000
    PayPal 320
    Penn Refrigeration 40
    Penske Logistics 50
    Pepsi 4000
    Philips Electronics 218
    Pierce Mfg 325
    Pratt & Whitney Rocketdyne 100
    Research in Motion 200
    Rheem Manufacturing 50
    Sentry Foods 70
    Shaw’s Supermarket 700
    Shawano foundry WI 90
    Smith & Nephew 770
    Smithfield Packing Co. 125
    Solel Solar Systems 140
    Southeastern Container 15
    SpaceX 100
    SRA Intl Inc 222
    St. Jude Medical 300
    Stryker 1170
    Sulake 60
    Sun Media 500
    TE Connectivity 620
    TECO Coal Corporation 90
    Texas Instruments 1700
    The Providence Journal Co 23
    TMX Group Ltd. 100
    Turbocare 220
    Turkey Point Nuclear Plant 277
    Oce North America, Inc. 135
    Turbocare OCE 220
    UBS 10000
    US Cellular 980
    UtahAmerican Energy Inc 102
    Volvo Trucks Pulaski County 300
    Wake Forest Baptist Medical 950
    Welch Allyn 275
    West Ridge Mine 102
    Westinghouse 50
    World Media Enterprises Inc 105
    WPS Health Insurance 600
    Wright Patterson AFB 115
    Wyodak Coal Mine 11
    Xerox 2500


    Sadly, the list actually keeps going. You can view the remainder of the list right here.

    Even companies owned by Obama supporters are laying people off. Just check out this excerpt from a report by CitizenLink...

    A corporation whose part owner gave $2 million to a group committed to re-electing President Obama announced this week that it will be forced to lay off more than 1,000 employees in lieu of the financial hardship imposed by the president’s signature health care law.

    Overall, more than 100,000 job losses have been announced since the election. It is almost as if the election was the straw that broke the camel's back. Everyone in the business community that had been hoping for something different now realizes that no change is coming.

    Meanwhile, Obama continues to pour on even more rules and regulations. According to CNSNews.com, the Obama administration has posted a total of 6,125 regulations on its reguations.gov website during the past 90 days. Our politicians are clueless and they simply don't understand what they are doing to the business community.

    But of course this goes for politicians from both sides. For decades we have been consuming far more than we produce and spending far more money then we bring in, and most of our politicians seem to be under the delusion that this can continue indefinitely.

    The other night my wife had me watch a documentary entitled "The Queen of Versailles" that followed the lives of time share mogul David Siegel and his wife Jackie. I found it to be a perfect metaphor for what America is going through right now. David Siegel built the greatest time share empire the world has ever seen on a mountain of easy money and cheap credit. At the beginning of the movie, David and Jackie were living the high life and were constructing the largest house in America down in Florida.

    Well, things dramatically changed when the financial crisis of 2008 struck. Suddenly nobody wanted to lend to David's company and the house of cards started to crumble. But even though they were facing massive financial problems, Jackie found it incredibly difficult to adjust her lifestyle. She just kept spending and spending and spending.
    It would be easy to pass judgment on David and Jackie, but the truth is that they are a perfect example of what this entire country is going through. Thousands of businesses are failing, our economic infrastructure is being gutted, millions of jobs are being shipped overseas, our financial system has become a gigantic casino and we keep piling even more mountains of debt on top of the mountains of debt that we already have. We have been living way above our means for so long that we don't even have any concept of what "normal" is anymore.

    If you have not seen "The Queen of Versailles" yet, I encourage you to do so. Don't watch it to laugh at the downfall of David and Jackie Siegel.

    They are just trying to make their way in this world like all of us are.

    Rather, watch for parallels between their lives and what the United States is experiencing as a whole. As I mentioned earlier, I found their story to be a perfect metaphor for what is happening to this entire country. You can find the trailer for "The Queen of Versailles" right here.


    As the economy falls apart, it is going to be really easy to point fingers at one another and blame one another. But what will really be needed is more love and compassion. A lot of workers at Hostess and a lot of other good companies just lost their jobs. The unemployment epidemic in this country is going to get a lot worse. These people are going to need our love and support.

    In the end, we are all in this together. The coming economic storm is not going to be averted, but we can choose how we respond to it. Hopefully the crisis that is coming will bring out the best in many of us.



    The Twinkie That Broke The Economy’s Back?
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  9. #39
    Senior Member AirborneSapper7's Avatar
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    Gallup Finds Unemployment Rate Soars Follwing Presidential Election

    Submitted by Tyler Durden on 12/06/2012 11:43 -0500





    Two months ago, there were various prominent pundits who were furiously mocked and ridiculed by those whose job in the media it is to mock and ridicule, for suggesting what most know: that economic data is widely nuanced, massaged, adjusted, goalseeked and outright manipulated by various political interests. That someone would feign outrage by this allegation is laughable at best (and sorry, the "too many people were involved to keep it a secret" excuse is now absolute rubbish following the confirmation of Liborgate, yet another conspiracy theory until it became a conspiracy fact), yet all the "serious" outlets of insight did just that. Now that the election is over, for one reason or another "unnuanced" normalcy is about to strike back with a vengeance, as soon as tomorrow with the official release of November jobs data. And if the just released Gallup unemployment data is any indication, the amount of outright goalseeking by the fine folks at the BLS was nothing short of startling. Because after recording an adjusted unemployment rate of 7.4% in October, the November unemployment rate, based on a random sample of 29,308 adults, soared by a whopping 0.9% in one month to 8.3%, the most since the Great financial crisis itself! And furthermore, at 8.3% the unemployment rate is now the highest since May. Is it time yet for all those sellsiders to admit they were wrong weeks after producing beautiful pitchbooks of how 2013 will be "different this time" and the economy will soar? Or should we wait a few weeks first?

    The unemployemnt rate per Gallup:



    Gallup's take:


    These results are based on Gallup Daily tracking interviews, conducted by landline and cell phone, with approximately 30,000 Americans throughout the month -- 67.2% of whom are active in the workforce. Gallup calculates a seasonally adjusted unemployment rate by applying the adjustment factor the government used for the same month in the previous year. Last year, the government adjusted the November rate upward by 0.5 percentage points.

    It is unclear what caused the increase in the unemployment rate in November, although some experts speculate that it was caused by jobs lost as a result of superstorm Sandy. It is also possible that lackluster holiday hiring is to blame.

    Although the increase in the unadjusted rate in November is a sharp contrast to the 0.9-point decline seen in October, November's 7.8% rate is still tied for the second-best unadjusted unemployment monthly reading of 2012. However, on an adjusted basis, November's rate is the highest reading in six months. Looking at year-to-year comparisons, seasonally adjusted unemployment is down from 8.9% in November 2011.

    As for U-6 (underemployment)...


    Underemployment, as measured without seasonal adjustment, was 17.2% in November, a 1.3-point increase since the end of October. The uptick in November also puts an end to the six-month trend of improvements or no change. Still, underemployment has improved 0.9 points since November 2011.

    Gallup's U.S. underemployment measure combines the percentage who are unemployed with the percentage of those working part time but looking for full-time work. Gallup does not apply a seasonal adjustment to underemployment.

    Finally, as so often happens in the New Normal, take anything you believe and flip it. Which is why if objective reality is precedent, expect the BLS to announce yet another improvement in the unemployment rate, increasingly more often notices of major layoffs of blue chip companies notwithstanding.



    Gallup Finds Unemployment Rate Soars Follwing Presidential Election | ZeroHedge


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