To: Kenneth E. Phillipps who wrote (75853 ) 12/4/2009 2:14:32 PM From: tonto 1 Recommendation Read Replies (1) | Respond to of 224706 Points to consider from an article... The economy has now lost jobs for 23 straight months. But the small decline in November indicates the nation could begin generating jobs soon. Many economists think it will happen in the first quarter of next year. David Rosenberg, chief economist for Canadian wealth management firm Gluskin Sheff, said the 7 point difference between the jobless rate and underemployment rate is almost double the usual gap. That's an indication of how many more people are likely to be looking for work in coming months. Another worrisome sign: The National Federation of Independent Business said Thursday that a monthly survey of its small business members showed that more companies plan to reduce employment in the next three months than plan to add jobs. And a survey by outplacement firm Challenger, Gray & Christmas Thursday found a sharp drop in the number of companies planning to hire workers in November, compared with the previous month. The services sector gained 58,000 jobs last month, while manufacturing and construction shed 68,000 positions. Education and health services added 40,000 jobs, and government employment rose 7,000. The unemployment rate fell because the number of jobless Americans dropped by 325,000 to 15.4 million. The jobless rate is calculated from a survey of households. The number of jobs lost or gained, by contrast, is calculated from a separate survey of business and government establishments. The two surveys can sometimes vary. The unemployment rate also dropped because fewer people are looking for work. The size of the labor force, which includes the employed and those actively searching for jobs, has fallen by 1.2 million in the past six months. That indicates more of the unemployed are giving up on looking for work.