Randstad Employment News Brief: November 2012
Read the full November 2012 Employment News Brief and other workforce insights at www.randstadusa.com/workforce360.
Surprising was largely the sentiment when it comes to this month’s employment report. The economy added 146,000 jobs in November, and the unemployment rate fell to 7.7 percent. While it is the lowest unemployment rate since December 2008, it fell mainly due to workers leaving the labor force. Most economists had predicted much lower job numbers and a rising unemployment rate, anticipating effects from Superstorm Sandy and worries over the impending “fiscal cliff.” However, the Labor Department analysis suggests Hurricane Sandy did not substantively impact the national employment and unemployment estimates for November.