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News Link • Employment & Jobs

GALLUP: The Unemployment Rate Surged In November

• Business Insider
 

We've posted the announcement below.

Note that there are all kinds of reasons to think that the November number could be wonky, most notably Superstorm Sandy, which will impact the numbers in some manner or another. Other labor market indicators have been mixed. For example, initial claims have been coming down nicely after the initial Sandy-related spike. Monthly layoffs surged, but that's only because of the Hostess liquidation. ADP came in nicely in line.

As for tomorrow's official government number, Non-Farm Payrolls are expected at 86,000 and unemployment is expected to stay flat at 7.9 percent.

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