Consumer Confidence Helps Drive Down Jobless Rate

CHICAGO (CBS) –– The national unemployment rate is at its lowest level in 2 1/2 years.

The U.S. Labor Department says the jobless rate fell in November to 8.6 percent, down from 9 percent the month before.

With employers adding 120,000 last month and 100,000 the month before, CBS 2’s Dorothy Tucker takes a look at the face on the newly employed.

“I am enormously grateful to have a job,” says Doreen Baker, director of development for Asian Human Services.

Baker just got the job in October, after two years of unemployment.

It’s especially rewarding, she says, “to get up in the morning and have things to do that day, but know that I’m really making a difference.”

Baker’s among the thousands recently hired and helping the unemployment rate drop to its lowest in more than two years.

“Fundamentally, businesses are getting stronger,” says expert John Challenger, CEO of Challenger, Gray & Christmas.

He says consumers are buying more products and services.

“We had a surprisingly positive Black Friday and Cyber Monday,” Challenger says. “That was a sign that consumer confidence was stronger than expected, and it’s a sign that for our economy, there may be better things to come.”

Challenger admits that many of the jobs in retail are seasonal. But he says some may become permanent if business stays good.

Retail isn’t the only sector adding jobs. Challenger says the list also includes health care, technology, hospitality and professional and business services.

Baker credits her success in finding a job to networking.

“You never know where the opportunity will come up,” she says.

Baker says she also found help in her job search by signing up with the Career Transitions Center of Chicago.

While some of the news on the job front is good, experts point out that the decline in unemployment rate is also partly due to 315,000 workers dropping out of the labor force.

More from Dorothy Tucker
  • tom Sharp

    BULLSHYTE!! My daughter, half of her graduating class and tens of thousands like them have been unemployed since they left school. They haven’t had a job and are not in your statistics!!!

    • John Boehner

      Is your daughter a moron like you? No wonder she’s out of work. Intelligent people are all working, it you simpletons that have been passed by on the road to riches.

      • LOTD

        Hey @ss hole – maybe you’re living in your liberal democrat jelly bean patch!! Either way, keep blaming Bush and praising your liberal messiah. I suppose elitist j@ ck offs such as yourself consider airline pilots, teachers, highly skilled tradesmen (such as myself), etc. simpletons??

    • Jim Hamilton

      Thats Right and not to mention the people who have exhausted their benefits and just no longer report into the system so they don’t get counted either these people are so full of bullshiit

    • LOTD

      AGREED!!! G-d@ mn democrats and their BS !!!! NObama’s administration of socialist snake-oil salesmen are doing what they’ve always done – LIE to the American people!

      • John Boehner

        Yeah, you sound like a highly skilled person-HIGH is the key word describing your delusions. Go back under the rock you were hatched under, slimeball.

  • Micheal Savage

    Mon itor are you back playing with your obama doll???

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