Employment rate drop caused by 600000 new part time workers, Unemployment rate .3 percent drop, Real jobs added 114000, Involuntary part time workers not good news
“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012
“People leaving the labor force were a big reason that North Carolina’s unemployment rate dropped to 9.4 percent in April, a month when only 1,400 more people got jobs.”…WRAL May 18, 2012
“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”
Here is the answer to the .3 percent unemployment rate drop from 8.1 percent in August to 7.8 percent in September.
From the US Labor Department October 5, 2012.
“Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) rose from 8.0 million in August
to 8.6 million in September. These individuals were working part time because
their hours had been cut back or because they were unable to find a full-time
job.”
http://www.bls.gov/news.release/empsit.nr0.htm
Part time workers included in employed category.
“Household survey. The sample is selected to reflect the entire
civilian noninstitutional population. Based on responses to a series
of questions on work and job search activities, each person 16 years
and over in a sample household is classified as employed, unemployed,
or not in the labor force.
People are classified as employed if they did any work at all as paid
employees during the reference week; worked in their own business,
profession, or on their own farm; or worked without pay at least 15
hours in a family business or farm. People are also counted as employed
if they were temporarily absent from their jobs because of illness, bad
weather, vacation, labor-management disputes, or personal reasons.”
“Establishment survey. The sample establishments are drawn from private
nonfarm businesses such as factories, offices, and stores, as well as
from federal, state, and local government entities. Employees on nonfarm
payrolls are those who received pay for any part of the reference pay
period, including persons on paid leave.”
http://www.bls.gov/news.release/empsit.tn.htm
600,000 new part time jobs in September.
But this is why:
“These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”
Where I come from, this is not good news.
Obviously there are more components of this voodoo mathematics.
Here are some interesting facts:
Jack Welch on Fox News live NOW
Excellent information and analysis, CW. Thanks for cutting through this mess. Right now I’m too absorbed with urgent business and appreciate getting more of a grip on these latest numbers. “1984” has more and more meaning every day.
Thank you! I knew the numbers were a false representation. I appreciate your research.
I WISH….oh how I WISH that Eric would reach over and cram q drity sock on Juan Williams mouth…….
Stupid is as stupid does.
“Vermont State Asks Judge To Dismiss Obama Natural Born Citizen Case: No Standing”
==========
“State asks judge to dismiss Obama ‘natural born citizen’ case”
By Sam Hemingway @ Burlington Free Press
“The lawsuit brought by a former Republican U.S. Senate candidate seeking to have President Barack Obama tossed from Vermont’s November election ballot because he is allegedly not a natural-born citizen is “legally unsound” and should be dismissed, the state of Vermont contends in court papers.
“Plaintiff lacks standing to sue, has sought relief in the wrong forum, requests relief that cannot be granted and bases his argument on flawed legal reasoning,” Assistant Attorney General Todd W. Daloz wrote in a dismissal motion filed at Washington Superior Court in Montpelier.
Daloz rejected the claim by plaintiff H. Brooke Paige of the town of Washington that Obama is not a natural-born citizen because only one of his parents was an American citizen when Obama was born.
“The Constitution does not require that a candidate for president must be born in this country to parents who are both U.S. citizens,” Daloz wrote.
Paige claims the country’s founders adopted the term “natural born citizen” as a precondition for a president from a French philosopher who said having both parents be citizens was insurance that a president would be loyal to the United States and no other country.”
==========
http://obamareleaseyourrecords.blogspot.com/2012/10/vermont-state-asks-judge-to-dismiss-obama-case.html
hrmfc,
more to “part time workers”
Allen West alleges Obama administration cooking the books on jobs numbers, spars with CNBC host
Read more: http://dailycaller.com/2012/10/05/allen-west-alleges-obama-administration-cooking-the-books-on-jobs-numbers-spars-with-cnbc-host/#ixzz28T7AhnRR
“ROMNEY ON OBAMA’S REAL UNEMPLOYMENT NUMBER”
Greg Hengler
Oct 05, 2012 01:18 PM EST
Romney On Obama’s REAL Unemployment Number
http://townhall.com/tipsheet/greghengler/2012/10/05/romney_on_obamas_real_unemployment_number
Good to hear from you recently OldSailor and William. You are missed when you go undergound. I’ve not posted much either lately, but I always love to read what you have to say. Bless you both.
“Ohio Prosecutor David Joyce Responds To Obama’s Connecticut Social Security Number: Private Investigator Susan Daniels Fires Back”
“Private Investigator Susan Daniels fires back: We are in serious trouble when a Republican prosecutor, David Joyce, who is now running for congress, does not care enough to look into a felony being committed by Barack Obama. The information in the letter from the SSA was added after I discovered that Obama is using a fraudulent social security number. The residence had to be in the state where the number was issued. They are lying. The issue could be cleared up by the prosecutor sending a letter to the SSA asking for a copy of the original application that goes with 042-68-4425. Apparently, that was too much trouble.
From the David Joyce Wikipedia page: Joyce was nominated by Senators Mike DeWine and George Voinovich to serve as U.S. Attorney. However, serious questions arose during his FBI background investigation and President Bush did not move forward with the nomination.
Serious questions should now be asked about why he is the Republican congressional nominee. – Susan Daniels”
http://www.scribd.com/doc/109126488/Ohio-Prosecutor-David-Joyce-Responds-to-P-I-Susan-Daniels-About-Obama-s-Connecticut-Social-Security-Number-10-5-2012
http://obamareleaseyourrecords.blogspot.com/2012/10/prosecutor-responds-to-obamas-social-security-number.html
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