120,000 Jobs Added in November, Unemployment Drops Below 9 Percent

Friday, December 02, 2011

Since President Obama introduced the American Jobs Act in September of this year, he has spoken publicly about it more than 50 times. The jobs report for November comes out this morning and the consensus call is that 125,000 new jobs were created this month. Charlie Herman, economics editor for The Takeaway and WNYC, speaks about the latest jobs numbers as well as specific economic and educational reforms that are trying — with mixed success — to remedy the situation.


Charlie Herman

Produced by:

Mythili Rao

Comments [5]


I suppose that I find it refreshing, that Celeste Headlee's cheerleading for the most favorable possible spin on the unemployment numbers is so open.

Good economic news = Good news for the Obama '12 campaign. It doesn't say much for, like, actual journalism. But at least the basic message is clear.

Much like the Occupy movement: "Overthrow the government, and re-elect Obama..."

Dec. 02 2011 11:24 AM
Sally from Boston

It flabbergasts me that on a program about high unemployment that you make statements like “we should staple a visa to every foreign national that graduates in math or science. Unemployment is just as high or even higher for high-tech workers as in other sectors. It is a lie that there is a shortage of math/science graduates. Employers just don’t want to pay a living wage. They want to get engineers for minimum wage and thus look to foreign nationals for cheep labor. Employ the to of thousands of high-tech workers that were laid off.

Dec. 02 2011 09:42 AM

Why are businesses waiting for Washington DC in the first place?

Could it be because the President who goes completely unmentioned of course in this discussion, signed off on over $4 trillion in new debt and his party nearly quadrupled the deficit and businesses know that somebody has to pay for all of this in the future? This led to the Democrats playing crass polical games like not taking ownership of there spending by not raising the debt ceiling and taxes last year when the Democrats controlled Congress.
Isn't ignoring the unprecedented and historic spending of the last three years and pretending that economic history only began this year insulting to the intelligence of audience?
The President and his party cannot be trusted to put the economic health of this nation over their own quest for political advantage and they proved this in the last three years.

Dec. 02 2011 09:39 AM
Angel from Miami, FL

Economics is the science of explaining tomorrow why the predictions you made yesterday didn't come true today. (Despair inc.) Economics is an illusion and these Washington reports doubly so.

IF companies are making money with fewer workers why would they hire more people? The sole effect of a jobs report is to scare everyone else. Everyone includes small businesses who, no doubt, pay little attention to every two-bit Washington report. And playing around with tax rates is like believing one more click on the volume dial is a noticeable change to the ear.

The answer to jobs is to allow new technologies and the businesses that develop them to get off the ground. These new enterprises are being held back by rules that help old business dominate our market. They say they want a free market but the big guys get political help to stay on top. And they're sitting on the rest of us.

Dec. 02 2011 09:17 AM
kathrynschafer from ca

To me what differentiated High Speed Universities from a plethora of other online schools was the regional accreditation, competency based programs and the how fast you can get the degree.

Dec. 02 2011 03:52 AM

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