Non-Farm Payrolls Rise Less Than Exepcted, Up 115,000; Unemployment Rate at 8.1%

CNBC ^ | 05/05/12 | Unattributed

[TonyInOhio]

Developing

[Buckeye McFrog]

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.

[magellan]

Fewer jobs but U3 drops to 8.1%? Orwellian.

[9YearLurker]

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

[SeekAndFind]

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

[khelus]

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

[khelus]

OOPS sorry for the duplicate post!

[ScottinVA]

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.

[jiggyboy]

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

[concerned about politics]

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.

[KarlInOhio]

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.

[ScottfromNJ]

The Cubs might need him more.

[ecomcon]

The entire swing is only 4%

[KevinDavis]

Holy Sh*t...

[concerned about politics]

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.

[ecomcon]

Speaking of charts, I’d like to see

1. Standard of living

2. Wages

3. Income less government benefits

4. Hours worked

[magellan]

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.

[DAC21]

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.

[whitedog57]

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/

[magellan]

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%

[Wyatt's Torch]

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:

[ScottinVA]

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.

[concerned about politics]

They are definitely cooking the books.

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

[Wyatt's Torch]

[FlingWingFlyer]

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

[EGPWS]

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.

[In Maryland]

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.

[pieceofthepuzzle]

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?”.

[concerned about politics]

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.

[bravo whiskey]

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

[tcrlaf]

“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!)

[tcrlaf]

“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!

[Chgogal]

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!

[mandaladon]

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.

[mandaladon]

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).

[Lmo56]

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.

[fwdude]

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

[matt04]

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.

[Anti-Bubba182]

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)

[KC Burke]

It is odd the NYT can’t find this.

[Anti-Bubba182]

They make it a point to not look.

[Anti-Bubba182]

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.

[KC Burke]

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.

[ABHurst51]

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.

[ichabod1]

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.

[servantboy777]

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.

[ecomcon]

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.

[emax]

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.

[onona]

Less Than Expected™

That brought a smile to my lips.

Good one.