Seasonal Hiring Helps Unemployment Rate

PITTSBURGH (KDKA) — For the first time in two-and-a-half-years the unemployment rate fell to 8.6 percent in November.

It’s the lowest since the darkest days of the recession.

But what might it mean for the more than 13 million men and women still looking for work?

The dip in the unemployment rate is a promising glimpse of a silver lining since the credit turmoil knocked the economy off its pins.

“We’re on course for steady growth in the United States absent a crisis in Europe,” Dr. Marvin Goodfriend said.

He is a nationally-recognized economist and professor at Carnegie Mellon University’s Tepper School of Business.

“It’s more evidence that I don’t think we’re going to have a double dip,” he said.

“It does give me hope,” Brian Locke said.

The 45-year-old Edgewood man has been looking for work for three months.

“My specialty is transportation and that’s the area I’m trying to get into,” he said.

Other job seekers like 60-year-old Gary Zuger don’t pay a lot of attention to the unemployment rate.

“It doesn’t affect me one way or the other because I continue to look for employment,” he said.

One reason for the drop in unemployment is that more than 315,000 people gave up looking and fell off the radar.

Most of the new jobs are in retail, bars and restaurants – an indication of seasonal hiring.

There were 50,000 new hires in retail and 33,000 in restaurants and bars.

Also, 17,000 new jobs were added in health-related fields. The most recent local unemployment statistics are not yet available.

Dr. Goodfriend says repairing the job market will be a relatively slow process.

“I like to describe this as a propeller plane rather that a jet plane taking off,” he said. “I don’t know how many people remember propeller planes, but they do take off very slowly.”

But it does take off. 

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One Comment

  1. Looking Forward To 2013 says:

    It will be even better soon after the defeat of the Communist Obama, the in the closet, immoral, self centered big mouth know it all a$$ wipe !!!!!!

    1. gman says:

      You`re a fine spokesman for your party Looking Forward, and exhibit A as to why your candidates for 2012 are being laughed at.

      1. Forward To 2012 says:

        I’m an Independent and am not a spokesman for either party, I’m just against Communism which Obama represents.
        Even any of the laughable republicans are going to beat Obama, and I’m convinced your a black man and that’s why you support Obama, your past comments have convinced me of your racism .
        I think the republican party should come out about what this Obama character really represents, an immoral, lying , communist, racist.
        If the democrats were really smart they would put another candidate against Obama for they’re about to lose big time.

  2. gman says:

    The heading of this story is dishonest. The Labor Dept. says that the numbers ARE seasonally adjusted.

    1. Zoeyzotron says:

      GMAN – Seasonally adjusted has nothing to do for seasonal help/hiring. Seasonally adjusted means that they pulled 300,000 folks out of the total number of unemployed because they “stopped” looking for work. the Unemployment number is a joke.

      what they should be looking at is the total number of American, under the age of 63, that are not disabled that are NOT WORKING. It would be startling to know that real number.

      this country is in deep deep trouble.

      1. THE reaper says:

        Zoey – that is exactly correct.

        the only difference between me and you is… you think we can turn it around and i think this country has become week and lazy. there will be no meaningful turnaround. Obama is the Manchuriam canidate and he has done his job of destruction well.

  3. Hotel6 says:

    Funnier than that “The Panthers (6-6, 4-3 Big East) became bowl eligible for the fourth straight year with the victory.”

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