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Non-Farm Payrolls Rise Less Than Exepcted, Up 115,000; Unemployment Rate at 8.1%
CNBC ^ | 05/05/12 | Unattributed

Posted on 05/04/2012 5:33:55 AM PDT by TonyInOhio

Developing


TOPICS: Breaking News; Business/Economy
KEYWORDS: economy; obamanomics; payrolls; recovery; unemployment; unexpected
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To: b4its2late
They’ll work it down below 8% before long.

All over the Lamestream Press they were predicting that yesterday, meaning it's already a done deal.

The Pittsburgh Pirates should hire Obama's stats guy. May be the only way to make the team look better.

51 posted on 05/04/2012 6:25:47 AM PDT by Buckeye McFrog
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To: TonyInOhio

Fewer jobs but U3 drops to 8.1%? Orwellian.


52 posted on 05/04/2012 6:26:16 AM PDT by magellan
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To: TonyInOhio

The fix is in. They’ll force a 7.9% report by October at the latest, truth be damned!


53 posted on 05/04/2012 6:28:45 AM PDT by 9YearLurker
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To: TonyInOhio

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


54 posted on 05/04/2012 6:32:02 AM PDT by SeekAndFind
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To: KevinDavis


People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981


55 posted on 05/04/2012 6:34:17 AM PDT by khelus
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To: khelus

OOPS sorry for the duplicate post!


56 posted on 05/04/2012 6:35:30 AM PDT by khelus
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To: TonyInOhio

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.


57 posted on 05/04/2012 6:35:37 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: ground_fog

And CNBC won’t mention it at all. “Hey look over here! Facebook IPO! Oil less than $100 a barrel! Trouble in Europe! Apple!”


58 posted on 05/04/2012 6:37:46 AM PDT by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: TonyInOhio
According to the Bureau of labor statistics, unemployment is at 14.5%.

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.

59 posted on 05/04/2012 6:38:13 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: woweeitsme
how in the world can the UE numbers be going down?

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.

60 posted on 05/04/2012 6:40:05 AM PDT by KarlInOhio (You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
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To: Buckeye McFrog

The Cubs might need him more.


61 posted on 05/04/2012 6:41:05 AM PDT by ScottfromNJ
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To: khelus

The entire swing is only 4%


62 posted on 05/04/2012 6:42:26 AM PDT by ecomcon
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To: God luvs America; All

Holy Sh*t...


63 posted on 05/04/2012 6:42:51 AM PDT by KevinDavis (Go Mitt Go!!!)
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To: b4its2late
They’ll work it down below 8% before long.

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.

64 posted on 05/04/2012 6:49:15 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: khelus

Speaking of charts, I’d like to see

1. Standard of living

2. Wages

3. Income less government benefits

4. Hours worked


65 posted on 05/04/2012 6:55:03 AM PDT by ecomcon
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To: TonyInOhio
Read this:

The Addbacks: +22K From Seasonal; +206K From Birth Death

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.

66 posted on 05/04/2012 6:58:24 AM PDT by magellan
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To: ecomcon

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.


67 posted on 05/04/2012 7:00:18 AM PDT by DAC21
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To: SoFloFreeper

Yes, that appeared in Dan Harsanyi’s article which I hope she quoted.

What a LOUSY recovery. Thanks Euro Socialists!!!!!

http://confoundedinterest.wordpress.com/2012/05/04/a-very-european-jobs-recovery-u-s-labor-force-participation-falls-to-63-6-88-4m-not-in-labor-force-teenage-unemployment-rises-to-22-8/


68 posted on 05/04/2012 7:06:58 AM PDT by whitedog57
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To: TonyInOhio
More insight from ZeroHedge:

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.

Another tidbit:

Adult unemployment by gender:

Adult Women - 7.4%

Adult Men - 7.5%

69 posted on 05/04/2012 7:07:11 AM PDT by magellan
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To: TonyInOhio
People Not In Labor Force Soar By 522,000, Labor Force

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:


70 posted on 05/04/2012 7:08:30 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: TonyInOhio

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.


71 posted on 05/04/2012 7:10:04 AM PDT by ScottinVA (Buying Drain-O requires photo I.D... so should voting!)
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To: magellan
They are definitely cooking the books.

Yeah. So much, I think they've hit another record.

72 posted on 05/04/2012 7:16:05 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: TonyInOhio

73 posted on 05/04/2012 7:21:07 AM PDT by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: TonyInOhio

What caused the .1% drop? The “unseasonably warm” winter or “seasonably warm” spring?


74 posted on 05/04/2012 7:21:18 AM PDT by FlingWingFlyer (Dumb, dependent and Democrat is no way to go through life. - Rep. Louie Gohmert (R-Texas)
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To: xzins
What that means is huge trouble if Scotus doesn’t overturn ObamaCare, because that will increase employer costs out the roof and even more will be laid off. We’ll enter a Great Depression.

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.

75 posted on 05/04/2012 7:31:04 AM PDT by EGPWS (Trust in God, question everyone else)
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To: ecomcon
Speaking of charts, I’d like to see

1. Standard of living

2. Wages

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.

76 posted on 05/04/2012 7:43:26 AM PDT by In Maryland (Liberal logic - the ultimate oxymoron!)
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To: In Maryland
It's so interesting to see these collective morons try to frantically spin things in conjunction with their complicit fans in the press. So, if things are going so ‘swimmingly’, why is Obama’s buddy Ayers out and about telling college students that America is a declining empire?

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?”.

77 posted on 05/04/2012 7:51:43 AM PDT by pieceofthepuzzle
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To: In Maryland
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.

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.

78 posted on 05/04/2012 8:10:28 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: woodbutcher1963

new law from now on any “expert” who uses unexpected in to contiguous reports should be fired for not being an expert.


79 posted on 05/04/2012 8:13:05 AM PDT by bravo whiskey (If the little things really bother you, maybe it's because the big things are going well.)
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To: TomGuy; All

“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!)


80 posted on 05/04/2012 8:21:03 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: concerned about politics

“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!


81 posted on 05/04/2012 8:34:14 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: woweeitsme
So, 360,000 people applied for unemployment, we gained 115,000 jobs and 520,000 left the job market. Because the job pool shrank by 520,000 (the denominator) the unemployment percentage decreased from 8.2% to 8.1%.

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.

VERY BAD!

82 posted on 05/04/2012 9:44:11 AM PDT by Chgogal (WSJ, Coulter, Kristol, Krauthammer, Rove et al., STFU. Thank you.)
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To: b4its2late

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.


83 posted on 05/04/2012 11:14:14 AM PDT by mandaladon (PalinGenesis)
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To: TonyInOhio

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).


84 posted on 05/04/2012 11:19:12 AM PDT by mandaladon (PalinGenesis)
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To: TonyInOhio

THIS is what the MSM SHOULD be reporting - IF they had any integrity ...

Employment status:

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.


85 posted on 05/04/2012 12:08:57 PM PDT by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: TonyInOhio

Oh, no!!! We have offended the Great God “EXPECTED.”


86 posted on 05/04/2012 4:12:56 PM PDT by fwdude
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To: Chgogal

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.


87 posted on 05/04/2012 6:48:01 PM PDT by matt04
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To: TonyInOhio

Data extracted on: May 4, 2012 (9:50:23 PM)

Employment, Hours, and Earnings from the Current Employment Statistics survey (National)


Series Id:     CES0500000001
Seasonally Adjusted
Super Sector:  Total private
Industry:      Total private
NAICS Code:    -
Data Type:     ALL EMPLOYEES, THOUSANDS

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2002 109214 109055 108990 108894 108814 108826 108731 108675 108663 108771 108757 108587  
2003 108644 108487 108288 108254 108273 108234 108232 108264 108425 108568 108605 108713  
2004 108883 108915 109214 109437 109747 109841 109882 109984 110136 110463 110490 110623  
2005 110718 110949 111094 111440 111583 111844 112124 112311 112395 112491 112795 112935  
2006 113250 113535 113793 113958 113965 114045 114203 114348 114434 114439 114628 114794  
2007 115023 115080 115252 115298 115419 115480 115476 115403 115423 115484 115559 115606  
2008 115647 115511 115399 115184 114968 114737 114478 114184 113759 113279 112482 111824  
2009 110985 110260 109473 108671 108359 107933 107637 107418 107234 107002 106960 106840  
2010 106800 106773 106914 107107 107191 107283 107375 107503 107618 107814 107948 108088  
2011 108207 108464 108725 108989 109097 109199 109374 109426 109642 109781 109959 110193  
2012 110470 110724 110890(P) 111020(P)                  
P : preliminary


Series Id:     CES9000000001
Seasonally Adjusted
Super Sector:  Government
Industry:      Government
NAICS Code:    -
Data Type:     ALL EMPLOYEES, THOUSANDS

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2002 21377 21390 21431 21443 21514 21549 21544 21589 21546 21559 21581 21588  
2003 21626 21624 21610 21595 21567 21606 21633 21556 21504 21558 21535 21546  
2004 21538 21550 21588 21614 21614 21601 21606 21626 21635 21656 21692 21693  
2005 21735 21744 21740 21754 21781 21763 21857 21863 21845 21829 21859 21879  
2006 21847 21878 21903 21919 21926 21922 21973 22011 22082 22068 22083 22088  
2007 22095 22131 22149 22175 22193 22207 22171 22226 22279 22297 22334 22376  
2008 22376 22428 22445 22452 22478 22511 22560 22580 22573 22564 22558 22555  
2009 22576 22577 22565 22675 22626 22570 22527 22515 22500 22530 22530 22479  
2010 22479 22471 22519 22565 22997 22738 22588 22409 22267 22291 22278 22258  
2011 22249 22212 22197 22184 22130 22112 22033 22066 22052 22025 22004 21993  
2012 21991 21996 21984(P) 21969(P)                  
P : preliminary
There were more people working when Obama took office than are working now. (1/2009 vs 4/2012)
88 posted on 05/04/2012 7:03:16 PM PDT by Anti-Bubba182
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To: Anti-Bubba182

It is odd the NYT can’t find this.


89 posted on 05/04/2012 7:11:50 PM PDT by KC Burke (Plain Conservative opinions and common sense correction for thirteen years.)
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To: KC Burke

They make it a point to not look.


90 posted on 05/04/2012 7:13:13 PM PDT by Anti-Bubba182
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To: KC Burke
Here is a link:

Data Retrieval: Employment, Hours, and Earnings (CES)

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.

91 posted on 05/04/2012 7:19:01 PM PDT by Anti-Bubba182
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To: Buckeye McFrog

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.


92 posted on 05/04/2012 7:36:52 PM PDT by KC Burke (Plain Conservative opinions and common sense correction for thirteen years.)
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To: woodbutcher1963

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.


93 posted on 05/04/2012 9:42:05 PM PDT by ABHurst51
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To: xzins

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.


94 posted on 05/05/2012 4:52:25 AM PDT by ichabod1 (Cheney/Rumsfeld 2012)
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To: KevinDavis

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.


95 posted on 05/05/2012 7:23:07 AM PDT by servantboy777
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To: In Maryland
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

I agree.

96 posted on 05/05/2012 7:24:45 AM PDT by ecomcon
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To: TonyInOhio

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.


97 posted on 05/05/2012 10:45:44 AM PDT by emax
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To: tomkat

Less Than Expected™

That brought a smile to my lips.

Good one.


98 posted on 05/06/2012 3:39:50 AM PDT by onona (RIP Levon, another good man gone.)
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