Labor force participation rate drops to record low, Unemployment still over 8 percent, .2 percent drop in labor force lowers unemployment rate, White House brags

Labor force participation rate drops to record low, Unemployment still over 8 percent, .2 percent drop in labor force lowers unemployment rate, White House brags

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“We tried our plan—and it worked. That’s the difference. That’s the choice in this election. That’s why I’m running for a second term.”…Barack Obama

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

The unemployment rate fell by .2 percent only because the labor force participation rate dropped .2 percent to record lows.

From the US Labor Department, BLS September 7, 2012.
“Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.

Household Survey Data

The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.6 percent), adult women (7.3 percent), teenagers (24.6 percent), whites (7.2 percent), blacks (14.1 percent), and Hispanics (10.2 percent) showed little or no change in August. The jobless rate for Asians was 5.9 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In August, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.0 percent of the unemployed. (See table A-12.)

Both the civilian labor force (154.6 million) and the labor force participation rate (63.5 percent) declined in August. The employment-population ratio, at 58.3 percent, was little changed. (See table A-1.)”

http://www.bls.gov/news.release/empsit.nr0.htm

The Labor Force Participation Rate decline can be viewed here.

http://data.bls.gov/timeseries/LNS11300000/

In consistent Orwellian fashion, the White House responded.

“The Employment Situation in August”
“While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007. To create more jobs in particularly hard-hit sectors, President Obama continues to support the elements of the American Jobs Act that have not yet passed, including further investment in infrastructure to rebuild our Nation’s ports, roads and highways, and assistance to State and local governments to prevent layoffs and to enable them to rehire hundreds of thousands of teachers and first responders. To build on the progress of the last few years, President Obama has also proposed an extension of middle class tax cuts that would prevent the typical middle class family from facing a $2,200 tax increase next year.

Today’s report from the Bureau of Labor Statistics (BLS) shows that private sector establishments added 103,000 jobs last month, and overall non-farm payroll employment rose by 96,000. The economy has now added private sector jobs for 30 straight months, for a total of 4.6 million jobs during that period.

The household survey showed that the unemployment rate declined from 8.3 percent to 8.1 percent in August.”

http://www.whitehouse.gov/blog/2012/09/07/employment-situation-august

From CNN September 7, 2012.

“August jobs report: Hiring slows, unemployment falls”

“The labor market lost momentum last month as job growth fell to a disappointingly slow pace.
The unemployment rate fell, but that was largely due to people who stopped looking for jobs.
Are you better off?

The economy added 96,000 jobs in August, down from 141,000 jobs in July, the Department of Labor said Friday.
Economists polled by CNNMoneywere expecting 120,000 jobs to be added in the month.
Meanwhile, the unemployment ratefell to 8.1%, from 8.3% in July.

The drop in unemployment was caused because 368,000 people stopped looking for work and therefore were no longer counted in the survey.
“These numbers are not very strong,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank. “The job market is improving, but only gradually.”

Economists often say at least 150,000 jobs need to be created each month to simply keep pace with the growing population.
The overall job market still has a long way to go recover from the financial crisis. Three years after the recession ended, roughly 12.5 million Americans remain unemployed, and 40% of them have been so for six months or more.”

http://money.cnn.com/2012/09/07/news/economy/august-jobs-report/index.html

15 responses to “Labor force participation rate drops to record low, Unemployment still over 8 percent, .2 percent drop in labor force lowers unemployment rate, White House brags

  1. brought over from previous article posting……..

    CW……

    I do not think Debbie Wasserman-Shultz is into satire, nor is the messiah she worships.

    The word GOD was intentionally left out of the democrat platform on the direction of the ONE. Wasserman-Shultz was only following orders of Obama like a good line soldier.

    On Thursday night, Wasserman-Shultz was only expressing her real feelings and the view of her party.

    THERE IS ONLY ROOM IN THE DEMOCRAT PARTY FOR ONE GOD, and that god is Obama.

    Doesn’t this smell like the old USSR under Stalin?There is no god but Uncle Joe. He is the giver of life, and the taker of lif( approximately 40 million Russians between 1928-1950).

    No CW…I do not think any satire was meant with her statements……I think Wasserman-Shultz sincerely believed and meant every word she uttered to that reporter. of The Canada Feee Press….

    Too damn bad the story didn’t make national new, every Christian and every Jew deserves to know where the democrats stand on GOD ( or better phrased, the lack of God)..

    In Obama’s mind, the universe isn’t big enough for two gods. Debbie Wasserman-Shultz agrees with his position, so did the rest of the people in the Time Warner stadium Thursday night.

    No CW ….this wasn’t satire….this was warped reality.

  2. Gray State Official Concept Trailer #1

    AMERICA Wake Up!

  3. Obama’s Speech To The DNC: Fallacies & Lies Exposed

    Here is a snapshot of President Obama’s speech to the Democratic National Convention with some of Obama’s greatest hits (Since we’ve heard all of this before) and my commentary following.

    …But when all is said and done, when you pick up that ballot to vote, you will face the clearest choice of any time in a generation. (Cheers.) Over the next few years big decisions will be made in Washington on jobs, the economy, taxes and deficits, energy, education, war and peace — decisions that will have a huge impact on our lives and on our children’s lives for decades to come.

    Or not, since both candidates still back big government, aggressive foreign policy and a pro-war state.

    And on every issue, the choice you face won’t just be between two candidates or two parties. It will be a choice between two different paths for America, a choice between two fundamentally different visions for the future. Ours is a fight to restore the values that built the largest middle class and the strongest economy the world has ever known…

    What? Minutes into his speech and Obama is talking about Values again? As discussed with his wife’s speech, Obama’s values include unconstitutional wars, the most abuse of Executive Privilege by any President, the bombing of innocent civilians, assassination of American citizens without any due process, and killing children. Did those values build America? Or is he talking about the values of former Presidents? Like the ones that were against fiat currency and the FED? Or who were for non-interventionist foreign policy like the founders of our nation? Because Obama’s reign has seen one of the worst recessions in American history and a rapidly shrinking middle class.

    Continue Reading
    http://lionsofliberty.com/2012/09/07/obamas-speech-to-the-dnc-fallacies-lies-exposed/

  4. The White House says that the August jobs report shows that the nation is continuing to recover…
    http://www.thegatewaypundit.com/2012/09/is-this-a-joke-white-house-says-dismal-jobs-report-means-the-us-economy-is-continuing-to-recover/

    The same old BS from Obama. He got a bounce to over 50% from the DNC. I suppose this will increase that bounce. Our citizenry is so ignorant they will believe whatever he says.

  5. These idiots don’t know any better.
    *************************

    Disrespect. Giant US Flag on Ground Before Obama Event
    Read more at http://www.reagancoalition.com/articles/2012/20120907004-obama-event-flag.html#Ya8QXVjXgJZM8YKd.99

  6. Lady Gaga: If Obama Loses “We Have To Build A New Planet And Go Live There”…

    Oh, wow, …promise?

    http://weaselzippers.us/2012/09/07/lady-gaga-if-obama-loses-we-have-to-build-a-new-planet-and-go-live-there/

  7. CW,

    I am in my 50’s. I remember distinctly being taught about the Holocost when I was in high school. The B/W films we watched were something I will never never ever forget.

    How long has it been since school kids were even taught this? Are they still? And if so, what kind of spin do they put on the Nazis? They were SOCIALISTS for God’s sake! (What good is a modern education?)

    I hear that Nazis have been refferered to as right-wingers. It makes me disgusted. Conservatives don’t undermine the humanity of anybody! They acknowledge the worth of every single soul. Jesus said one soul was worth more than the entire world. Why do so many forfiet it? The most valuable thing they own! More than their house, their car, their 401K, their gold… whatever… their Grandma’s diamond ring. Why?

    Getting on a soap box here… I’ll quit

  8. SueQ.
    No need to quit.
    Some things need to be shouted from the roof top, or here.

  9. Take the dems with you, and you can form a utopia there.

  10. SueQ
    Good note on Nazis…They indeed were socialists..(elitists)…and scared to death of the communists…collectivists. They were soon to find out what power the communists could produce.
    These government forces were annihilating their own popuations on both sides for different reasons.
    Both sides had very efficient propaganda machines running full blast by WWll. The Nazis wanted their people to throw their lives away for a utopian ideal. The communists wanted their people to throw their lives away for a nationalistic collectivism.

  11. The DEMENTED socialist loving LIBERAL LOONIES,are a modern version of the NineteenThirties Nazis. They are caught up in the exact same pernicious beliefs,and they do NOT even realise the falacy of their UTOPIAN DREAM. The primary difference between them and the real Nazis is that they think that they can do everything just by TWISTING WORDS,and spinning BLATANT lies. Yes that is indeed an integral part of their FANTASY,but it is NOT by any measure the WHOLE story. The whole story is far more HORRIBLE than any sane person can imagine. In the end these people will become a STINKING, DYING, WRITHING, MASS, like MAGGOTS on a carcass….. caused and perpetuated by their OWN HANDS, but dealt with by GOD,AND NATURE,which is the END GAME. God will win. These people will annihilate themselves via their own deviant practices. Sexual deviation is another facet of the LIBERAL LEFT. They believe that this is NORMAL human conduct. Once again they see DOWN as UP, but cannot discern any difference. Anyone who would believe that a male genital being inserted into a male ANUS is normal sexual conduct are themselves ABNORMAL, and/or mentally derranged. Soon these people will be BURNING school books just as the Nazis did. This will be followed by mass murder of Christians. As I stated it is all there to see. All of the indicators are in place. The NEW WORLD ORDER is JUST around the CORNER.

  12. coldwarvet2……….
    The LIBERAL LEFT has removed the word GOD from literally everything which they are involved in. Sadly they are so ignorant to the fact that they were made in the IMAGE OF GOD,and his participation in their creation,was there. But for them to turn their backs on their CREATOR is NOT SMART. He will reward each of them with a HORRIBLE, diseased,stinking,and painful death. They will realise their mistake……..after the fact when they can do NOTHING to cure their diseases.

  13. G’NITE ALL God Bless!

  14. Obama’s Revenge upon the Religion and Gun Clingers

    When America was founded under our now almost extinct Constitution, freedom to practice any religion of choice without persecution was among our inalienable rights. In my simple terms even though I don’t practice your religion, I agree to respect your right to practice it without my ridicule or persecution. If you are an atheist, then that is okay with me as long as you don’t try to make me an atheist and I don’t try to make you a “theist”.

    Since the usurper stole office, Jews, Christians and many other religions have been demeaned, forbidden to pray in public, ridiculed, or harassed by the government –especially in schools. Displays of the 10 Commandments, crosses, the manger during the Christmas season, and other religious symbols have been attacked and legally challenged in courts by alleged atheists. On more than one occasion Obama insisted on all Christian religious symbols be covered before speaking at said location. A moment of silence for students to silently pray has been removed. Any outward signs of a person’s faith publicly demonstrated in sports are forbidden. Even the language of Christmas and religion has been challenged in the name of “political correctness.” Happy holidays and not Merry Christmas is what is now considered proper. Atheists are pushing to remove the word “God” from money, the Pledge of Allegiance, from oaths sworn in courts, and in any and all civil documents. Who would have thought that right here in America—in less four years after Hussein took office this would have happened. What happened to our rights to practice the religion of our choice without persecution?

    Obama means to destroy America’s faith in God any way he can to retaliate upon Americans who cling to their “guns and religion.” Hussein Obama means to transform America into a Muslim dominated country. This fact has become especially obvious with all the deliberate omission at the 2012 DNC of God, Christian prayers along with anti-Semitism. 20,000 Muslims were invited to the DNC. Muslims are exempt from Obamacare. There is a rapid increase of mosques in America. Obama has called America a “Muslim country”. There are over 40 Muslims working in the WH. Obama supports the most radical Muslim groups in the world CAIR, Muslim Brotherhood, Al Qaida. And more. He has donated millions of American tax dollars to the restoration of Muslim mosques around the world. While Egypt is now practicing crucifixions, persecuting Jews, Christians and all infidels, Obama insists upon sending Egypt over one billion dollars. He honours Muslim prayer calls while denying National Prayer Day.

    Every action and strategy used by Obama shouts Muslim thinking. Taquiya—the Muslim art of lying to the enemy so as to gain power against the enemy, committing any heinous crime then denying it and forbid any one to ever again speak of it, are just two of Obama’s Muslim practices. Another favourite Muslim trick is revising history to suit the present need. Revising history and creating false are what Obama and his minions do best. If we are to continue to enjoy the freedom to practice any religion we please, then Obama must be prevented at all costs from another chance to complete destroying the Constitution and turn the office of Presidency into a dictatorship.

  15. How Navy SEAL Matt Bissonnette Describes The Bin Laden Raid

    We’re reading through No Easy Day, the famous autobiography by no-longer-anonymous Navy SEAL Matt Bissonnette.

    What follows is my summary of the most critical 24 pages of the book, the part that covers the raid on Osama bin Laden.

    Read more:
    http://www.businessinsider.com/heres-how-navy-seal-matt-bissonnette-describes-the-bin-laden-raid-2012-9#ixzz25snJ1W89

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