The September Jobs Report - The Real Story

Discussion in 'Economy' started by boedicca, Oct 8, 2010.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    From the BLS Report, here's the real story behind the 9.6% unemployment rate:

    More people have given up looking for work and are no longer counted as unemployed.

    The Data:

    Civilian Noninstitutional Population increased by 223K
    Civilian Labor Force increase by 48K
    Total Employed increased by 141K
    Total Not In The Labor Force increased by 175K
    Working Part Time for Economic Reasons increased by 612K

    If part time work had not increased by such a large extent, unemployment would have increased.

    The number of jobs being created are just enough to nominally cover population growth, but are doing nothing to reduce unemployment.

    Employment Situation Summary Table A. Household data, seasonally adjusted


    U-6 Unemployment (which includes "marginally attached" part time workers and those who have given up looking for now) increased from 16.7% to 17.1%.

    So, if anyone says that the reason unemployment is not decreasing due to more people looking for work, that is utter nonsense. U6 proves them wrong.
     
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    Last edited: Oct 8, 2010
  2. loosecannon
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    loosecannon Senior Member

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    Part time for economic reasons
    9,158 8,529 8,860 9,472 612

    Slack work or business conditions
    6,815 6,119 6,380 6,733 353

    Could only find part-time work
    2,081 2,246 2,347 2,456 109

    Part time for noneconomic reasons
    18,590 18,157 18,558 18,234 -324

    Persons not in the labor force (not seasonally adjusted)


    Marginally attached to the labor force
    2,219 2,622 2,370 2,548 -

    Discouraged workers
    706 1,185 1,110 1,209 -

    marginally attached and discouraged workers went way up as well but they didn't even bother to post the increase.
     
  3. topspin
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    topspin BANNED

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    64,000 new private sector jobs.
     
  4. pinqy
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    pinqy Gold Member

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    But unemployment did decrease...the level went down 93,000. New entrants did go down, but reentrants went slightly up. The U-4 and U-5 stayed the same, so the increase in the U-6 is solely to an increase in part time for economic reasons. So more employment, just not good employment. Basically, nothing has changed.
     
  5. Douger
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    Douger BANNED

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    Smoke and mirrors boys and gurlz............More bullshit from " them'.
     
  6. topspin
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    topspin BANNED

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    your just jealous cause the shit hole you live in is 50 yrs from even having a jobs report.:clap2:
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    But...but...the market is almost at 11,000...
     
  8. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    And there were 612K new part time jobs.

    Do the math.

    We lost hundreds of thousands of Full Time Jobs.
     
  9. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The market is flat.

    The only reason it looks like it's going up is because the dollar has devalued so much. Peg the market against the price of gold or the Euro - and it is flat.
     
  10. Douger
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    Douger BANNED

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    Dollar ? Wut Dat ?
    I made 3,882,568,000 This week.It's only 11 am. I expect a tad more before the day is out.
    The markets are fine............in producing countries.
    No. Not dolares.
    Real money.
     

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