August jobs plummet to 142k, June revised down 31k, Obama et al killing jobs, Participation rate down to historic low, Not in labor force jumps 268k, Could only find part time work leaps 68k
“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief
“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014
“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.
Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 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 Department September 5, 2014.
“Total nonfarm payroll employment increased by 142,000 in August, and the
unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor
Statistics reported today.”
“In August, both the unemployment rate (6.1 percent) and the number of unemployed persons (9.6 million) changed little.”
“The civilian labor force participation rate, at 62.8 percent, changed little in
August and has been essentially unchanged since April.”
“The change in total nonfarm payroll employment for June was revised from +298,000 to +267,000, and the change for July was revised from +209,000 to +212,000. With these revisions, employment gains in June and July combined were 28,000 less than previously reported.”
The Labor Force Participation rate is back down to historic lows.
People not in the labor force jumped 268k in one month.
People who could only find part time work leaped 68k in one month.