Skip to comments.Non-Farm Payrolls Rise Less Than Exepcted, Up 115,000; Unemployment Rate at 8.1%
Posted on 05/04/2012 5:33:55 AM PDT by TonyInOhio
Fewer jobs but U3 drops to 8.1%? Orwellian.
The fix is in. They’ll force a 7.9% report by October at the latest, truth be damned!
John Kerry, 3/6/2004:
“President Bush has overpromised and underdelivered on job growth.” Unemployment rate then: 5.6%
John Kerry 05/04/2012 : SILENT
OOPS sorry for the duplicate post!
Let me guess.. the drop to 8.1% is a result of tens of thousands of potential workers being abducted by aliens.
These reports are getting downright comical.
And CNBC won’t mention it at all. “Hey look over here! Facebook IPO! Oil less than $100 a barrel! Trouble in Europe! Apple!”
A new record has also been set. 88.4 million people are not in the workforce.
Unless Washington has a remake, and the Oboma Administration is fired, things are going to get a lot worse.
Over the last 15 weeks, the revised numbers, those numbers reported in secret, have added 92 thousand more unemployed people that go unnoticed.
Unemployment rate is:
number of people looking for work
number of people looking for work + number of people working any job.
When you reduce the number of people looking for work because they just gave up under the Obama economy, then unemployment goes down. And that doesn't even count the number of people working who want a full time job but can only scrounge up a part time job.
Don't be surprised if they tighten up the definition of "looking for work" between now and November. Right now you are looking for work if you can accept a job immediately (not when you get done with classes next month) and have mailed or posted a resume or application in the past four weeks. Reduce that to two weeks and eliminate relatively passive posting of the resume on the internet so you only count actual mailing or in person filing and the unemployment rate drops instantly.
The Cubs might need him more.
The entire swing is only 4%
The more jobs that are killed, they lower the unemployment number goes. No job - no unemployment benefits - no numbers counted. Unless people work, they can't sign up for unemployment, and only those collecting unemployment are counted.
Oboma has to kill a few thousand more businesses before he can get the number below 8%.
That's why he's demonizing and trying to destroy as many businesses he can as fast as he can.
He doesn't want jobs. Jobs kill welfare, and without welfare dependents, democrats can't get elected.
Speaking of charts, I’d like to see
1. Standard of living
3. Income less government benefits
4. Hours worked
The seasonal addback in April was +22K, a rapid break from the last 3 years when April saw a negative seasonal adjustment following the traditional huge positive adjustments in the January-March period, which in turn means that the record warm winter give back has not even started! As a result, the seasonal addbacks in 2012 are now a massive 4,499,000 jobs: jobs that have not been added but are expected to materialize based on historical seasonal patterns. And just as importantly, in April the Birth-Death addition was a whopping 206K, far greater than the comparable addition in 2010 and 2011, and much bigger than expected, which brings the year total now to a +20K cumulative total. It means, that by rough estimation, the reality is that in April the unadjusted, unbirth/deathed number was a decline of -111,000, and likely far worse once the true weather adjustments start taking place. This number is corroborated by the Household Survey which dropped by 169,000. So much for the recovery.
They are definitely cooking the books.
Varney & Co (Fox business) just read the White Houses response to the numbers. Let’s just say Websters doesn’t have a word yet for the amount of dizzying spin.
Yes, that appeared in Dan Harsanyi’s article which I hope she quoted.
What a LOUSY recovery. Thanks Euro Socialists!!!!!
Unemployment by race/ethnicity:
Asians - 5.2%
Whites - 7.4%
Hispanics - 10.3%
Blacks - 13.0%
At some point, the radical left will go after Asians like they go after Jews today.
Adult unemployment by gender:
Adult Women - 7.4%
Adult Men - 7.5%
Participation Rate Lowest Since 1981
it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Labor force participation Rate:
People not in labor force:
Now... if Mitt Romney really had the desire to win in November, he’d use THIS month’s report as a policy springboard in a major speech to explain why that 8.1% number is illusory, make the point that America is far more capable than it’s showing to create employment... and couch those points in a larger vision of where he wants to take this country economically... with specifics detailing how he intends to get it done
He needs make it clear to a national audience (NOT waiting ‘til the convention) that we are all seeing very clear choices.
But... he won’t.
Yeah. So much, I think they've hit another record.
What caused the .1% drop? The “unseasonably warm” winter or “seasonably warm” spring?
Barack 0bama, a god so smart that being able to see his college transcripts would destroy all sense of proportion to the beholder.
That's why a mere mortal hasn't had the opportunity to look at that idiots transcripts.
1. Standard of living
3. Income less government benefits
4. Hours worked
What I'd really like to see is a comparison chart of people who are deriving the majority of their income from employment vs. those deriving their income from government benefits. Maybe it will smack the American people in the face when they say how we are approaching a situation where every worker is supporting a non-family non-worker.
Republicans have so much material to use in this coming election, if they have the cojones and the savvy to do it. They should already be working on ads showing Ayers making his comments about the collapse of America as a world power, and caption his statements as - “A guy from Obama’s neighborhood, in whose living room Obama launched his political career, thinks that America is declining. Is this what you voted for? Don't your children deserve better?”.
We were being used as slaves by 48% of the population BEFORE noboma stepped foot in the White House. 50% of our wages were being stolen from us through some kid of tax or government fee.
This is why we no longer write the government a check every April 15Th. People aren't suppose to notice. The slow drip, drip of payroll deductions hides what's really being done to us.
Slavery never ended in this country. The only thing that changed was the target group.
We just hit a record high of people no longer in the work force - 88.4 million. Add that to the parasites that were already feeding from the public teat, and we're paying for way more than one extra family each.
new law from now on any “expert” who uses unexpected in to contiguous reports should be fired for not being an expert.
“22,000 out of the workforce number during April”
-411,000 Jobs created in April (To be revised).
It’s A MIRACLE, I TELL YA! PRAISE BE TO THE MESSIAH OBAMA, AND HIS HOLY NAME!!
( and if you dare to question this, you will be reported to TRUTH TEAM, and the IRS!)
“According to the Bureau of labor statistics, unemployment is at 14.5%.”
This is not the accepted Media Current Truth. You must be a RASSISS!
The above numbers come from different surveys. What you have to be aware of is the total job market is decreasing and this is VERY BAD.
This tells us that the job market is getting smaller and smaller. This is lucky for Obama because he can fool MSM and Dummycrats. Obama is saying that unemployment is going in the right direction when in reality there is NO JOB MARKET for people looking for jobs. Only 63.6% of Americans are in the labor force. It is disappearing. 88 Million Americans are not in the job force who should be in the job market. Unfreakinbelievable.
The best way to appear thinner? Hang around really fat people.
The best way to make the unemployment numbers look good? Have more and more people lose hope of finding employment and just give up.
Voodoo math. The only reason the unemployment rate continues to drop is because millions who want to work have stopped looking and are no longer counted as unemployed. Failure = success (at least in the eyes of the MSM).
THIS is what the MSM SHOULD be reporting - IF they had any integrity ...
1. Civilian noninstitutional population went from 242,604,000 in March to 242,784,000 in April. This is an INCREASE of 180,000.
2. Civilian labor force went from 154,707,000 in March to 154,365,000 in April. This is a DECREASE of -342,000.
3. Participation rate went from 63.8% in March to 63.6% in April. This is a DECREASE of -0.2%.
4. Employed went from 142,034,000 in March to 141,865,000 in April. This is a DECREASE of -169,000.
5. Employment-population ratio went from 58.5% in March to 58.4% in April. This is a DECREASE of -0.1%.
6. Unemployed went from 12,673,000 in March to 12,500,000 in April. This is a DECREASE of -173,000.
7. Unemployment rate went from 8.2% in March to 8.1% in April. This is a DECREASE of -0.1%.
8. Not in labor force went from 87,897,000 in March to 88,419 ,000 in April. This is an INCREASE of 522,000.
Persons not in the labor force (not seasonally adjusted)
1. Marginally attached to the labor force went from 2,352,000 in March to 2,363,000 in April. This is an INCREASE of 11,000.
2. Discouraged workers went from 865,000 in March to 968,000 in April. This is an INCREASE of 103,000.
Oh, no!!! We have offended the Great God “EXPECTED.”
I wonder how many of the soon to be and recent College grads will be smart enough to realize that, very likely, because if the way they voted they have very little hope of finding work.
Go to any chain store or other traditional high school/college job location. More and more older people are working PT because they got laid off or need to make ends meet and many of the “temporary” high school/college summer workforce has stayed.
Data extracted on: May 4, 2012 (9:50:23 PM)
|P : preliminary
|P : preliminary
It is odd the NYT can’t find this.
They make it a point to not look.
Just check the Total nonfarm Seasonally Adjusted box in Table B-1 down the page and it is easy to see. That is a good link to bookmark.
In certain states I believe that dropping below 8.2 triggers that extended benefits no longer apply for unemployment.
It’s a game an we are the pawns.
Has this administration every done better than the analysts predict? And they revised every number downward a few weeks later.
500k jobs lost in April alone. This is astounding. Even for a liberal.
Obama must go. We can’t survive 4 more years.
And if the Republicans DO throw the communist out of the office, watch the economy take off like a bat out of hell the very day after the election and listen to the screeching and puling about the racism.
I read the release from the feds and all in the same sentence, they meekly praised a drop in the unemployment figure from 8.2% to 8.1% then acknowledged it was due to folks giving up looking for employment.
Proof positive Uncle Sugar is sugar coating.
Do conservatives have a culprit that they can demonstrate to people is causing the economy to stagnate like this ? How can they convince ordinary Americans that the economy is not improving like they might think it is and how can they prove that it actually isnt Wall Street and the CEOs and Conservative corporations not paying enough taxes that is causing this, but rather too much govt interference and Americans having to pull the weight of unproductive people in our society ? Remember, they need to be able to be convincing enough to counter Obama, that means conservatives need undeniable, unrefutable proof here; they are going up against a leader who can make them believe he can singlehandedly cure all of their cancers and bring the dead to life.
Less Than Expected
That brought a smile to my lips.