US employment data October 4, 2013, BLS statement, Gallup report, Payroll to Population Rate drops to 43.5 percent, More Americans taking part time jobs
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
From the US Labor dept. BLS.
“Statement on release of September employment numbers”
“The Department of Labor issued the following statement about the September 2013 Employment Situation report:
“Due to the lapse in funding, the Employment Situation release which provides data on employment during the month of September, compiled by the U.S. Department of Labor’s Bureau of Labor Statistics, will not be issued as scheduled on Friday, October 4, 2013. An alternative release date has not been scheduled. The Employment Situation release includes the unemployment rate (from the household survey) and payroll employment (from the business establishment survey).””
From Gallup October 3, 2013.
“U.S. Payroll to Population Rate at 43.5% in September”
“The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, fell slightly to 43.5% in September, from 43.7% in August. P2P has declined more than a percentage point from the 45.1% found in September 2012.”
“The percentage of part-time workers wanting full-time work was 9.4% in September, up from 8.7% in August and from 8.6% last September. This suggests the decline in the unemployment rate is actually due to more Americans taking part-time jobs rather than gaining the full-time employment they want.”
“Gallup’s unadjusted and seasonally adjusted unemployment rates experienced month-over-month and year-over-year declines in September. However, Gallup’s P2P rate — the percentage of all adults in the U.S. population who are employed full time — fell slightly compared with August and is 1.6 points lower than it was in September 2012. This means fewer people are unemployed, but not because they found full-time jobs. The percentage of part-time workers wanting full-time work increased last month from August and from September 2012, suggesting that some of those who were unemployed left the workforce or found part-time work, but not the full-time jobs they are seeking.”