Employment Numbers Not What They Seem

[Freedomlover]

If I were in the Obama camp I would not get excited about the employment numbers released by the Labor Dept. today. Those numbers do not tell the whole story about what is really going on.

The Labor Dept. says there 171,000 jobs added for the whole month of October. What they are not telling the public is how many new applications for unemployment where filed for the whole month of October. That figure, based on their own numbers for each week of the month total 1,469,000 new applications. The result being there was a net loss of jobs in October of 1,298,000. You can't tell me things are anywhere near being better after four years of Obamanomics. It just isn't so!

You can go to YCharts - Stock Charts, Stock Ratings & Economic Indicators to see what the actual numbers are.

 

[waltky]

Unemployment stuck in Washington's gridlock...

Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January
March 8, 2013 - The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.

The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.

The increase marks the second month in a row, after rising in January from 88.8 million in December. Those not in the labor force had declined in December from 88.9 million in November. The nation's unemployment rate decreased to 7.7 percent in February, down from 7.9 percent in January.

Overall unemployment “has shown little movement, on net, since September 2012,” the Labor Department said. Total nonfarm payroll employment increased by 236,000 in February, according to the report.

Source

See also:

Long-Term Unemployed Rises, Real Unemployment Basically Unchanged
March 8, 2013 - Despite adding an estimated 236,000 jobs in February, the number of long-term unemployed rose and the broader, real unemployment rate remained virtually unchanged, according to the Bureau of Labor Statistics.

The number of Americans out of work for more than 27 weeks rose in February by 89,000, going from 4.7 million to 4.8 million, BLS reported Friday. The broader U6 unemployment rate, called the real unemployment rate by some because it provides a fuller measure of the jobless picture, remained largely unchanged in February, falling slightly from 14.4 percent to 14.3.

The U6 rate measures those BLS counts as unemployed, those marginally attached to the workforce, and those employed part-time for economic reasons – giving a much broader picture of the jobless situation in America by capturing both the underemployed and those who are unemployed but who haven’t looked for a job in some time but still want to be employed – the marginally attached.

BLS said that the overall economy added an estimated 236,000 jobs in February and that the national unemployment rate fell from 7.9 percent to 7.7 percent.

Source

Related:

Unemployment for Women, Minorities Largely Unchanged
March 8, 2013 - Unemployment among women and minority groups remained largely unchanged in February despite an economy that added an estimated 236,000 jobs during the month, according to the Bureau of Labor Statistics.

The unemployment rates for women (7.0 percent), African-Americans (13.8 percent), and Hispanics, (9.6 percent) all showed what BLS described as “little or no change” in February. Overall, the economy added 236,000 jobs and the national unemployment rate declined from 7.9 percent to 7.7 percent.

The unemployment rate for African-Americans was literally unchanged from January to February, remaining at 13.8 percent. The rate for women declined slightly from 7.3 percent to 7.0 percent. The rate for Hispanics also declined slightly from 9.7 percent to 9.6 percent.

BLS reported that most categories of people saw little change in unemployment in February despite a jobs-growth figure that is the largest seen in several months.

Source

 

[Agit8r]

The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work.

hmm, what could be affecting that?

 

[Obamanation]

well, that is PART of it....

Pretty sad, when people are leaving the work force in DROVES and you still have 7.8% unmployement...

 

[edthecynic]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

 

[Obamanation]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

WRONG!!! lol

 

[edthecynic]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

WRONG!!! lol

Another Misinformation Voter who thinks if someone retires or quits a job, they are never replaced.

 

[Obamanation]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

WRONG!!! lol

Another Misinformation Voter who thinks if someone retires or quits a job, they are never replaced.

Dude, you are just dead wrong....

 

[tooAlive]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

That's not what he's talking about.

He's talking about the people that called it quits and either retired early or gave up looking for a job altogether, which would make unemployment numbers look misleadingly better.

HuffPo -

The report came with plenty of caveats. January job growth was revised down sharply, from 157,000 to 119,000 jobs. And the unemployment rate fell in large part because the labor force shrank by 130,000 workers. Labor-force participation has never recovered from the recession, suggesting either that large numbers of workers have retired early -- or have simply given up trying to find jobs. Frustratingly, long-term unemployment rose, notes the Huffington Post's Arthur Delaney.

February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7

 

[Obamanation]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

That's not what he's talking about.

He's talking about the people that called it quits and either retired early or stopped looking for a job altogether.

HuffPo -

The report came with plenty of caveats. January job growth was revised down sharply, from 157,000 to 119,000 jobs. And the unemployment rate fell in large part because the labor force shrank by 130,000 workers. Labor-force participation has never recovered from the recession, suggesting either that large numbers of workers have retired early -- or have simply given up trying to find jobs. Frustratingly, long-term unemployment rose, notes the Huffington Post's Arthur Delaney.

February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7

If he just want to insult us - let him get the RIGHT answers from his own kind....

 

[edthecynic]

Unemployment stuck in Washington's gridlock...

Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

That's not what he's talking about.

He's talking about the people that called it quits and either retired early or gave up looking for a job altogether, which would make unemployment numbers look misleadingly better.

HuffPo -

The report came with plenty of caveats. January job growth was revised down sharply, from 157,000 to 119,000 jobs. And the unemployment rate fell in large part because the labor force shrank by 130,000 workers. Labor-force participation has never recovered from the recession, suggesting either that large numbers of workers have retired early -- or have simply given up trying to find jobs. Frustratingly, long-term unemployment rose, notes the Huffington Post's Arthur Delaney.

February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7

Try reading what was said again, paying attention to the highlighted part. He clearly says there are 296,000 "FEWER EMPLOYED."

And as far as your snippet, the LFP declining does not suggest that Boomers are retiring early, they aren't, or that people have simply given up. Only 54% of Boomers are retired by age 65. That still is about 125,000 retiring a month on the average.

 

[Obamanation]

Unemployment stuck in Washington's gridlock...

Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

That's not what he's talking about.

He's talking about the people that called it quits and either retired early or gave up looking for a job altogether, which would make unemployment numbers look misleadingly better.

HuffPo -

The report came with plenty of caveats. January job growth was revised down sharply, from 157,000 to 119,000 jobs. And the unemployment rate fell in large part because the labor force shrank by 130,000 workers. Labor-force participation has never recovered from the recession, suggesting either that large numbers of workers have retired early -- or have simply given up trying to find jobs. Frustratingly, long-term unemployment rose, notes the Huffington Post's Arthur Delaney.

February Jobs Report: U.S. Economy Adds 236,000 Jobs; Unemployment Rate Down To 7.7

Try reading what was said again, paying attention to the highlighted part. He clearly says there are 296,000 "FEWER EMPLOYED."

And as far as your snippet, the LFP declining does not suggest that Boomers are retiring early, they aren't, or that people have simply given up. Only 54% of Boomers are retired by age 65. That still is about 125,000 retiring a month on the average.

omg...

 

[ABikerSailor]

Quick question..............................

Wanna talk about what the stock market did this week?

How about talking about the employment numbers for Feb 2013?

 

[Avorysuds]

One Misinformation Voter more stupid than the other!

There were 170,000 more people working in February than January! How stupid do you have to be to think that when someone leaves the workforce a job is lost.

The only thing more stupid is thinking there is no turnover in employment. In October 2012 there were 4 million separations and 4.3 million hires.

WRONG!!! lol

Another Misinformation Voter who thinks if someone retires or quits a job, they are never replaced.

Every job created = Obama

Every job lost = Does not count until a Republican is elected!!!

 

[Avorysuds]

I love how when we had mass job losses under Bush and the first year of Obama's term it was still all Bush's fault. At least Obama-bots have shifted from blaming it all on Bush to just ignoring it. What's odd is how mass job losses was bad when Bush was in power but now over 4 years later when Obama is in power it means nothing....

I really can't stand politics anymore, lol.

 

[Obamanation]

I love how when we had mass job losses under Bush and the first year of Obama's term it was still all Bush's fault. At least Obama-bots have shifted from blaming it all on Bush to just ignoring it. What's odd is how mass job losses was bad when Bush was in power but now over 4 years later when Obama is in power it means nothing....

I really can't stand politics anymore, lol.

It's not politics that piss you off, it's hypocracy.

 

[ABikerSailor]

I love how when we had mass job losses under Bush and the first year of Obama's term it was still all Bush's fault. At least Obama-bots have shifted from blaming it all on Bush to just ignoring it. What's odd is how mass job losses was bad when Bush was in power but now over 4 years later when Obama is in power it means nothing....

I really can't stand politics anymore, lol.

Probably because you're losing.

Sorry, but under Obama jobs have increased, and look at the stock market...............

 

[Sallow]

Of course the economy is recovering.

The stock market is a huge indicator.

The very people that conservatives swear fealty too and pray over..are investing like gangbusters.

They wouldn't be doing that if they thought the economy was on the way to ruin.

But hey, they live in a fact free, evidence free world.

 

[editec]

Things are getting better?

Yeah, and inflation was only 1.7% last year, too.

right