The unemployment rate would slowly increase over the coming months – Brookings

“The November employment report showed unexpected declines in both the unemployment rate and in the labor force participation. A stock-flow analysis of the latest report shows that the labor market continues to show many signs of weakness, with no improvements in workers’ job finding rates and a stubbornly elevated rate of job separation. In fact, the unemployment rate mainly ticked down because an unexpectedly high, but likely transitory, number of unemployed left the labor force. Although this month’s forecast should be taken with caution given the possible effect of Hurricane Sandy on the labor market, I now forecast the unemployment rate to remain elevated and tick back up to 7.9% next month, with no improvement over the next six months” writes Regis Barnichon.

Choosen excerpts by Job Market Monitor from

via Labor Market Still Fragile, Unemployment Likely to Tick Back Up Next Month | Brookings Institution.