December Unemployment Vs. Expectations: A Let-Down

More

In politics, expectations play a big role in the impact of economic news, and today's news, while not terribly bad (the unemployment percent didn't change, and the good news was an unexpected, revised increase of 4,000 jobs in November), wasn't particularly great for Democrats, either, when compared to the predictions of economists. The new unemployment data, released today by the Bureau of Labor Statistics--85,000 jobs lost, an unchanged unemployment rate of 10.0%--was worse than what economists had expected, and The Atlantic Wire's Max Fisher jogs through some of those forecasts, with more than a few predictions that the economy would actually gain jobs: forecasts ranged from 40,000 jobs added to 23,000 lost. Daniel Indiviglio, meanwhile, reports that economists had predicted a loss of 35,000 jobs in today's figures.

Jump to comments
Presented by

Chris Good is a political reporter for ABC News. He was previously an associate editor at The Atlantic and a reporter for The Hill.

Get Today's Top Stories in Your Inbox (preview)

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

CrossFit Versus Yoga: Choose a Side

How a workout becomes a social identity

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Politics

Just In