We are suffering through the worst long-term unemployment in the last 70 years!

[basquebromance]

Wonderful Donald wants change, Crooked Hillary does not!

ONLY WONDERFUL DONALD CAN FIX IT!

 

[waltky]

3.2M long-term jobs lost...

BLS: 3.2M Workers Lost Long-Term Jobs in 2013-15--Most Because Company Moved, Closed or Position Abolished
August 25, 2016 | In the two years from January 2013 through December 2015, 3.2 million workers age 20 or older were "displaced" from jobs they held for at least three years, because their plant or company either closed down or moved; there wasn't enough work for them to do; or their position or shift was abolished, the Labor Department's Bureau of Labor Statistics reported on Thursday.

37.4 percent of those displaced workers said they lost their job because their plant or company closed down or moved; an additional 37.1 percent said that their position or shift was abolished; and 25.6 percent cited insufficient work. Since 1984, the U.S. Department of Labor has sponsored surveys that collect information on workers, age 20 or older, who were displaced from their jobs. These surveys have been conducted every other January as supplements to the Current Population Survey (CPS), a monthly survey of households that is the primary source of information on the nation's labor force.

The 3.2 million workers displaced after three or more years on the job in 2013-15 was a better showing than the 4.3 million long-tenured workers displaced in the prior survey period covering January 2011-December 2013; and the 6.1 million long-tenured workers who were displaced during the prior survey period covering January 2009 to December 2011. BLS noted that in the 2013-2015 period, an additional 4.2 million persons were displaced from jobs they had held for less than three years (referred to as short-tenured workers). Combining the short- and long-tenured groups, the number of displaced workers totaled 7.4 million in 2013-2015. In the 2011-13 survey period, this group numbered 9.5 million.

The 2013-2015 period was one of job growth and falling unemployment rates, compared with the years following the recession. In January 2016, 66 percent of long-tenured workers displaced between 2013-2015 were re-employed, up from 61 percent for the prior survey in January 2014.

Also during the 2013-15 period:

--553,000 long-tenured manufacturing workers were displaced from their jobs, which is 17 percent of all long-tenured displaced workers. Manufacturing displacements occurred mostly in durable goods.

-- Workers in wholesale and retail trade accounted for 15 percent of all long-tenured displacements; professional and business services accounted for 12 percent; and education and health services also accounted for 12 percent of displacements.

-- Workers displaced from mining were the least likely to be re-employed (41 percent).

-- In January 2016, the re-employment rate was 73 percent for workers ages 25 to 54, up from 68 percent in the prior survey. Re-employment rates were lower for older workers. In January 2016, the re-employment rates for those ages 55 to 64 and 65 years and over were 60 percent and 27 percent, respectively.

-- Forty-five percent of long-tenured displaced workers in the January 2016 survey received written advance notice that their jobs would be terminated, up from 40 percent for the January 2014 survey.

BLS: 3.2M Workers Lost Long-Term Jobs in 2013-15--Most Because Company Moved, Closed or Position Abolished

 

[waltky]

Real Unemployment Rate is 9.5%...

Real Unemployment Rate: 9.5%
November 4, 2016 | Although much of the major media are reporting the national unemployment rate for October as 4.9%, the "real unemployment rate," as determined by the Bureau of Labor Statistics (BLS) and which includes part-time workers and those marginally attached to the work force, is 9.5%.

In other words, the real unemployment rate in the United States for October is nearly double the 4.5% rate reported by most media. The "total unemployed" rate, or U6 number, is defined by the BLS as, "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers," seasonally adjusted, workers 16 years old and over.

The Gallup survey group explains the incomplete nature of the "national unemployment rate." "Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America," says Gallup. "For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks. Similarly, the BLS does not count someone as unemployed if he or she is, for instance, an out-of-work engineer, construction worker or retail manager who performs a minimum of one hour of work a week and receives at least $20 in compensation."

For that reason, the BLS also provides the U6 rate, or total unemployed rate. That rate was 9.5% in October and 9.7% in September. It was 9.6% in June. The last time the real unemployment rate was below 9.6% was in April 2008, the last year of the George W. Bush administration, more than 8 years ago. It peaked at 17.5% in October, November, and December 2009. It fell below 10% for the first time in October 2015. To see all the numbers, visit the BLS website and click on "subjects," then "national unemployment rate," then "top picks labor force statistics," and then "data tools."

Real Unemployment Rate: 9.5%

See also:

94,609,000 Not in Labor Force; Participation Rate Drops to 62.8%
November 4, 2016 | In its final report before next week's presidential election, the Bureau of Labor Statistics said on Friday that 94,609,000 Americans are not in the labor force, 425,000 more than last month's 94,184,000, and the second highest number on record.

The labor force participation rate dropped a tenth of a point to 62.8 percent. In other words, 62.8 percent of the non-institutionalized, civilian population over the age of 16 is either employed or are actively looking for work, while the other 37.2 percent is not working or even looking. The number of people employeed dropped 43,000, declining from 151,968,000 in September to 151,925,000 in October; and the number of unemployed people dropped by an even greater amount, 152,000 --falling from 7,939,000 in September to 7,787,000 in October. The October unemployment rate was 4.9 percent, down a tenth of a point from September.

When George W. Bush took office in January 2000, 69,142,000 people were not in the labor force, and when his two terms ended, the number had grown to 80,380,000. The recession inherited by President Obama and mounting baby boom retirements are among the factors continuing to push the number up. When President Obama took office in January 2009, 80,529,000 Americans were not in the labor force, and that number has steadily risen during his two terms to its current 94-million level. The number reached a record 94,708, 000 this past May. In other key indicators, the Labor Department's Bureau of Labor Statistics said the economy added 161,000 jobs in October, compared with a revised 191,000 in September. BLS says over the past 3 months, job gains have averaged 176,000 per month.

In October, the nation’s civilian noninstitutionalized population, consisting of all people 16 or older who were not in the military or an institution, reached 254,321,000. Of those, 151,925,000 participated in the labor force by either holding a job or actively seeking one. The 151,925,000 who participated in the labor force equaled 62.8 percent of the 254,321,000 civilian noninstitutionalized population. The labor force participation rate started rising in the early 1970s as more women entered the labor force. It reached a record high of 67.3 percent, seasonally adjusted, in the beginning of 2000. And it dropped to a 38-year low of 62.4 percent in September 2015. Since then, it has never gone higher than 63.0 percent.

People over age 16 who are no longer working or looking for work, for whatever reason -- retirement, school, family, or they've just given up -- are not participating in the labor force. Among the major worker groups, the unemployment rate for Hispanics declined to 5.7 percent in October, while the rates for adult men (4.6 percent), adult women (4.3 percent), teenagers (15.6 percent), Whites (4.3 percent), Blacks (8.6 percent), and Asians (3.4 percent) showed little change.

Candidates promise 'jobs'

 

[Siete]

not in the labor force

unemployed

federal deficit

national debt


poor idiot Trumpbots, they use them as major talking points, but are too stupid to understand the difference ...

 

[Rustic]

Real Unemployment Rate is 9.5%...

Real Unemployment Rate: 9.5%
November 4, 2016 | Although much of the major media are reporting the national unemployment rate for October as 4.9%, the "real unemployment rate," as determined by the Bureau of Labor Statistics (BLS) and which includes part-time workers and those marginally attached to the work force, is 9.5%.

In other words, the real unemployment rate in the United States for October is nearly double the 4.5% rate reported by most media. The "total unemployed" rate, or U6 number, is defined by the BLS as, "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers," seasonally adjusted, workers 16 years old and over.

The Gallup survey group explains the incomplete nature of the "national unemployment rate." "Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America," says Gallup. "For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks. Similarly, the BLS does not count someone as unemployed if he or she is, for instance, an out-of-work engineer, construction worker or retail manager who performs a minimum of one hour of work a week and receives at least $20 in compensation."

For that reason, the BLS also provides the U6 rate, or total unemployed rate. That rate was 9.5% in October and 9.7% in September. It was 9.6% in June. The last time the real unemployment rate was below 9.6% was in April 2008, the last year of the George W. Bush administration, more than 8 years ago. It peaked at 17.5% in October, November, and December 2009. It fell below 10% for the first time in October 2015. To see all the numbers, visit the BLS website and click on "subjects," then "national unemployment rate," then "top picks labor force statistics," and then "data tools."

Real Unemployment Rate: 9.5%

See also:

94,609,000 Not in Labor Force; Participation Rate Drops to 62.8%
November 4, 2016 | In its final report before next week's presidential election, the Bureau of Labor Statistics said on Friday that 94,609,000 Americans are not in the labor force, 425,000 more than last month's 94,184,000, and the second highest number on record.

The labor force participation rate dropped a tenth of a point to 62.8 percent. In other words, 62.8 percent of the non-institutionalized, civilian population over the age of 16 is either employed or are actively looking for work, while the other 37.2 percent is not working or even looking. The number of people employeed dropped 43,000, declining from 151,968,000 in September to 151,925,000 in October; and the number of unemployed people dropped by an even greater amount, 152,000 --falling from 7,939,000 in September to 7,787,000 in October. The October unemployment rate was 4.9 percent, down a tenth of a point from September.

When George W. Bush took office in January 2000, 69,142,000 people were not in the labor force, and when his two terms ended, the number had grown to 80,380,000. The recession inherited by President Obama and mounting baby boom retirements are among the factors continuing to push the number up. When President Obama took office in January 2009, 80,529,000 Americans were not in the labor force, and that number has steadily risen during his two terms to its current 94-million level. The number reached a record 94,708, 000 this past May. In other key indicators, the Labor Department's Bureau of Labor Statistics said the economy added 161,000 jobs in October, compared with a revised 191,000 in September. BLS says over the past 3 months, job gains have averaged 176,000 per month.

In October, the nation’s civilian noninstitutionalized population, consisting of all people 16 or older who were not in the military or an institution, reached 254,321,000. Of those, 151,925,000 participated in the labor force by either holding a job or actively seeking one. The 151,925,000 who participated in the labor force equaled 62.8 percent of the 254,321,000 civilian noninstitutionalized population. The labor force participation rate started rising in the early 1970s as more women entered the labor force. It reached a record high of 67.3 percent, seasonally adjusted, in the beginning of 2000. And it dropped to a 38-year low of 62.4 percent in September 2015. Since then, it has never gone higher than 63.0 percent.

People over age 16 who are no longer working or looking for work, for whatever reason -- retirement, school, family, or they've just given up -- are not participating in the labor force. Among the major worker groups, the unemployment rate for Hispanics declined to 5.7 percent in October, while the rates for adult men (4.6 percent), adult women (4.3 percent), teenagers (15.6 percent), Whites (4.3 percent), Blacks (8.6 percent), and Asians (3.4 percent) showed little change.

Candidates promise 'jobs'

Some say "real" unemployment is 20+%
Because the federal government does not count places like Indian reservations and ghettos…