Tag Archives: US Labor Dept

April unemployment rate, US Labor Dept., May 2, 2014, Labor force participation plummets and jobless rates still high, Part time jobs, Financial markets react to false data

Posted on May 2, 2014 | 52 comments

April unemployment rate, US Labor Dept., May 2, 2014, Labor force participation plummets and jobless rates still high, Part time jobs, Financial markets react to false data

“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

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.”…Zero Hedge April 29, 2014

 

 

***  Update 9:00 AM  ***

Here we go again folks. SOS, just another day.

The unemployment rate dropped .4 percent to 6.3 as did the labor force participation rate drop .4 percent to 62.8 percent.

The labor force dropped by 806,000.

***  Update 9:15AM  ***

The BLS is showing a seasonally adjusted drop in labor force of 988,000.

***

The US Labor Dept. will report on the April unemployment rate this morning.

Those of us paying attention, with at least minimal math skills, understand that the stated unemployment rate has become a joke.

Yet, for years, the financial markets and market reporters have taken the drop in the unemployment rate as good news.

Nothing could be further from the truth.

To sum up the reality of the situation, record numbers have dropped out of the labor force, not because they intended to retire, but because jobs were not available, and many who did get or retain jobs found themselves working one or more part time jobs.

More part time instead of full time jobs is a direct consequence of Obamacare and the Obama economy.

When you read the US Labor Dept report and see the latest unemployment rate, consider the following facts.

Remember, the Democrats took control of both houses of Congress in January 2007. This is rarely reported.
………………………..January 2007……January 2009…….March 2014
Not in labor force………..77,506,000……..80,529,000………91,030,000
Could only find part time….. 1,186,000……..1,671,000……….2,697,000
Participation Rate………………66.4………….65.7……………63.2
Unemployment Rate………………..4.6…………..7.8…………….6.7

 

See any problems there?

Remember also that part time jobs are counted the same as full time.

There are 10,501,000 more people not in the labor force now than when Obama took office in January 2009.

The stated unemployment rate has dropped 1.1 percent.

The labor force participation rate has dropped 2.5 percent.

There are 1,026,000 more people who could only find part time work now than when Obama took office.

We just discovered that 20 percent of American families have no one employed.

No wonder that we have record food stamp usage.

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, ObamaCare, The Case Against Barack Obama, Unemployment

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Initial claims data misleading, August 15, 2013, US Labor Dept, Lowest since 2007?, Increased part time workers lowers layoffs, Total claiming benefits in all programs increased

Posted on August 15, 2013 | 78 comments

Initial claims data misleading, August 15, 2013, US Labor Dept, Lowest since 2007?, Increased part time workers lowers layoffs, Total claiming benefits in all programs increased

“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

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Once again the US Labor Department reported fewer initial claims.

One report I heard on the radio stated that the number of initial claims was the lowest since October 2007.

Is this comparing apples and oranges?

From the US Labor Dept. August 15, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA

In the week ending August 10, the advance figure for seasonally adjusted initial claims was 320,000, a decrease of 15,000 from the previous week’s revised figure of 335,000. The 4-week moving average was 332,000, a decrease of 4,000 from the previous week’s revised average of 336,000.”

“The total number of people claiming benefits in all programs for the week ending July 27 was 4,586,860, an increase of 65,906 from the previous week. ”

Read more:

http://www.dol.gov/opa/media/press/eta/ui/current.htm

Reporters are comparing the latest initial claims with those from 2007.

Consider the following comparisons between October 2007 and the latest 2013 numbers.

Part-Time for Economic Reasons, All Industries
Oct 2007 4,325,000

July 2013 8,245,000
U6

Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

Oct 2007 8.4 %

July 2013 14.0 %

Not in Labor Force, Want a Job Now

Oct 2007 4,131,000

July 2013 6,862,000

An increase in part time workers is bound to affect the initial claims report.

Think about it.

With part time workers you can easily cut back hours without laying them off. And Obamacare is creating more part time workers.

From NBC News August 13, 2013.

“Businesses claim Obamacare has forced them to cut employee hours”

“Employers around the country, from fast-food franchises to colleges, have told NBC News that they will be cutting workers’ hours below 30 a week because they can’t afford to offer the health insurance mandated by the Affordable Care Act, also known as Obamacare.
“To tell somebody that you’ve got to decrease their hours because of a law passed in Washington is very frustrating to me,” said Loren Goodridge, who owns 21 Subway franchises, including a restaurant in Kennebunk. “I know the impact I’m having on some of my employees.”
Goodridge said he’s cutting the hours of 50 workers to no more than 29 a week so he won’t trigger the provision in the new health care law that requires employers to offer coverage to employees who work 30 hours or more per week. The provision takes effect in 16 months.”
“The White House dismisses such examples as “anecdotal.” Jason Furman, chairman of the president’s Council of Economic Advisors, said, “We are seeing no systematic evidence that the Affordable Care Act is having an adverse impact on job growth or the number of hours employees are working. … [S]ince the ACA became law, nearly 90 percent of the gain in employment has been in full-time positions.”

But the president of an influential union that supports Obamacare said the White House is wrong.

“It IS happening,” insisted Joseph Hansen, president of the United Food and Commercial Workers union, which has 1.2 million members. “Wait a year. You’ll see tremendous impact as workers have their hours reduced and their incomes reduced. The facts are already starting to show up. Their statistics, I think, are a little behind the time.”

In a letter to Democratic leaders on Capitol Hill, Hansen joined other labor chieftains in warning that the ACA as presently written could “destroy the foundation of the 40-hour work week that is the backbone of the middle class.”

NBC News spoke with almost 20 small businesses and other entities from Maine to California, and almost all said that because of the new law they’d be cutting back hours for some employees – an unintended consequence of the new law.”

Read more:

https://mail.google.com/mail/ca/?shva=1#inbox/14081e4e38ba3548

 

 

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Employment, Jobs, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Unemployment, Washington DC, white house

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May unemployment rate 7.6 percent, June 7, 2013, US Labor Dept, 175000 jobs added, Labor force participation rate 63.4 percent

Posted on June 7, 2013 | 65 comments

May unemployment rate 7.6 percent, June 7, 2013, US Labor Dept, 175000 jobs added, Labor force participation rate 63.4 percent

“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

“Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report….The March report, which reported job gains of 158,000, was revised downward to 131,000 jobs.”...ADP May 1, 2013

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

From ADP June 5, 2013.
“ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in May”
“Private sector employment increased by 135,000 jobs from April to May, according to the May ADP National Employment Report®, which is produced by ADP®, a leading provider of human capital management solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. April’s job gains were revised downward to 113,000 from 119,000.”

http://www.adp.com/media/press-releases/2013-press-releases/adp-national-employment-report-for-may-2013.aspx

From the US Labor Department June 7, 2013.

"THE EMPLOYMENT SITUATION -- MAY 2013

Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services
and drinking places, and retail trade.

Household Survey Data

Both the number of unemployed persons, at 11.8 million, and the unemployment rate, at 7.6 percent, were essentially unchanged in May. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (6.5 percent), teenagers (24.5 percent), whites (6.7 percent), blacks (13.5 percent), and Hispanics (9.1 percent) showed little or no change in May. The
jobless rate for Asians was 4.3 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In May, the number of long-term unemployed (those jobless for 27 weeks or more) was unchanged at 4.4 million. These individuals accounted for 37.3 percent of the unemployed.
Over the past 12 months, the number of long-term unemployed has declined by 1.0 million."
(See table A-12.)

The civilian labor force rose by 420,000 to 155.7 million in May; however, the labor force participation rate was little changed at 63.4 percent. Over the year, the labor force participation rate has declined by 0.4 percentage point. The employment-population
ratio was unchanged in May at 58.6 percent and has shown little movement, on net, over the past year. (See table A-1.)"

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

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Unemployment insurance weekly claims, February 21, 2013, US Labor Dept., Increase of 20k, 4 week moving average up 8 thousand, Labor force dropouts not reflected

Posted on February 21, 2013 | 30 comments

Unemployment insurance weekly claims, February 21, 2013, US Labor Dept., Increase of 20k, 4 week moving average up 8 thousand, Labor force dropouts not reflected

“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

“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

“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″

 

From the US Labor Dept. February 21, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending February 16, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 20,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 360,750, an increase of 8,000 from the previous week’s revised average of 352,750.

The advance seasonally adjusted insured unemployment rate was 2.4 percent for the week ending February 9, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 3,148,000, an increase of 11,000 from the preceding week’s revised level of 3,137,000. The 4-week moving average was 3,186,250, a decrease of 6,750 from the preceding week’s revised average of 3,193,000.”

http://www.dol.gov/opa/media/press/eta/ui/current.htm

Remember, those who have dropped out of the labor force are not reflected in these figures.

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Unemployment rate, July 2, 2010, US Labor Dept, June unemployment rate 9.5 percent??, Orwellian algorithm, Fuzzy math, Lies, Real unemployment rate

Posted on July 2, 2010 | 207 comments

Unemployment rate, July 2, 2010, US Labor Dept, June unemployment rate 9.5 percent??

“The past is whatever the records and the memories agree upon.
And since the party is in full control of all records, and in
equally full control of the minds of it’s members, it follows
that the past is whatever the party chooses to make it. Six
means eighteen, two plus two equals five, war is peace,
freedom is slavery, ignorance is strength.”…George Orwell, “1984”

I am not a rocket scientist.

However, I started out as a math major, I am from NC, I have an excellent built in BS detector and a pretty good decoder ring.
What kind of “fuzzy math” or Orwellian algorithm is the Federal Government using?

The so called unemployment rate on June 30, 2010 was stated as 9.7%.

On June 30, 2010 we learn

Private employment may have decelerated

On July 1, 2010 we learn

Unemployment claims up 13,000

We know that hundreds of thousands of high school and college graduates entered the job market in May and June of 2010.

Today, July 2, 2010,  we are told this

Unemployment rate 9.5% ??

Now read this opening statement from the US Labor Dept. News Release, July 2, 2010.
“THE EMPLOYMENT SITUATION – JUNE 2010

Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged
down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment
reflected a decrease (-225,000) in the number of temporary employees working on Census 2010.
Private-sector payroll employment edged up by 83,000.”

http://www.bls.gov/news.release/pdf/empsit.pdf

This

Does Not

Compute

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Jobless claims report May 27 2010, US Labor Dept, Initial claims 460000, Decrease of 14000, This is good news?

Posted on May 27, 2010 | 186 comments

Jobless claims report May 27 2010, US Labor Dept, Initial claims 460000, Decrease of 14000

This is good news?

From the US Department of Labor May 27, 2010.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

          SEASONALLY ADJUSTED DATA

In the week ending May 22, the advance figure for seasonally adjusted initial claims was 460,000, a decrease of 14,000 from the previous week’s revised figure of 474,000. The 4-week moving average was 456,500, an increase of 2,250 from the previous week’s revised average of 454,250.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending May 15, unchanged from the prior week’s unrevised rate of 3.6 percent.

The advance number for seasonally adjusted insured unemployment during the week ending May 15 was 4,607,000, a decrease of 49,000 from the preceding week’s revised level of 4,656,000. The 4-week moving average was 4,637,250, a decrease of 11,500 from the preceding week’s revised average of 4,648,750.

The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.134 million. 

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 404,325 in the week ending May 22, a decrease of 5,765 from the previous week. There were 538,311 initial claims in the comparable week in 2009.

The advance unadjusted insured unemployment rate was 3.4 percent during the week ending May 15, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,381,421, a decrease of 88,300 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,153,284.
Extended benefits were available in Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Maine, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and Wisconsin during the week ending May 8.

Initial claims for UI benefits by former Federal civilian employees totaled 1,481 in the week ending May 15, an increase of 163 from the prior week. There were 2,369 initial claims by newly discharged veterans, a decrease of 120 from the preceding week.

There were 17,937 former Federal civilian employees claiming UI benefits for the week ending May 8, an increase of 577 from the previous week. Newly discharged veterans claiming benefits totaled 36,370, an increase of 1,365 from the prior week.

States reported 5,059,843 persons claiming EUC (Emergency Unemployment Compensation) benefits for the week ending May 8, a decrease of 41,403 from the prior week. There were 2,185,863 claimants in the comparable week in 2009. EUC weekly claims include first, second, third, and fourth tier activity.

The highest insured unemployment rates in the week ending May 8 were in Puerto Rico (6.2 percent), Alaska (5.9), Oregon (5.4), Nevada (4.9), California (4.8), Pennsylvania (4.7), Wisconsin (4.5), North Carolina (4.4), Montana (4.3), and Connecticut (4.2).

The largest increases in initial claims for the week ending May 15 were in Tennessee (+3,041), Missouri (+2,369), Mississippi (+1,697), Illinois (+1,154), and Arkansas (+851), while the largest decreases were in California (-2,161), Michigan (-2,133), Washington (-1,968), Florida (-1,480), and Oregon (-1,200).”

Read more:

 http://www.dol.gov/opa/media/press/eta/ui/current.htm

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