Skip to comments.U.S. Payroll to Population Rate Drops to 43.7% in August: Unadjusted unemployment climbs to 8.7%
Posted on 09/05/2013 6:10:07 AM PDT by xzins
The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, dropped to 43.7% in August, from 44.6% in July, and is down from 45.3% in August 2012.
Gallup's P2P metric estimates the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.
August marks the seventh month this year that the P2P rate failed to improve over the same month in 2012. In fact, so far this year, P2P has declined an average of 0.3 percentage points in terms of monthly year-over-year changes.
Unemployment Rises to 8.7% in August
Gallup's unadjusted unemployment rate for the U.S. workforce was 8.7% in August, up from 7.8% in July and from 8.1% in August 2012. Similar to P2P, unemployment fluctuates seasonally, and the year-over-year change is the most informative comparison. The uptick in unemployment this August compared with August of last year is the first year-over-year increase since Gallup was able to begin tracking yearly changes in 2011.
(Excerpt) Read more at gallup.com ...
Let’s see what kind of numbers the government puts out tomorrow.
War is a distraction from a terrible economy
Part-time nation: wonder how many of that dropping number of jobs are part time???
It’s more like 25%
government is a liar
this is gallup’s survey.
The government and gallup both had it in the 7’s last month. Went UP an entire percentage point according to gallup.
But, the government propaganda machine doesn’t turn in their numbers until tomorrow.
This is terrible news for the economy. The airwaves blanketed with war talk would be a big benefit to Obama.
Good thing no one’s talking about war anyplace. /s
Those are dooming numbers.
To paraphrase comedian Yakov Smirnov, what a recovery!
What more could you ask for: a part-time job, ever decreasing numbers of jobs, a peon existence, and while the cronies are buying off middle class Americans, their food stamps can buy steak and lobster.
After they’ve subjugated the new peon class is when they’ll switch to rice and beans only.
Isn’t that amazing news: a third of a million people went on unemployment last week. We should throw a party.
If Gallup’s unemployment rate is matched tomorrow in the BLS numbers, then we’ll know that something is bad wrong, and we’ll know why we’re having all this war talk out of the presidential golf pro.
And probably just as many went on disability.
Because the unemployment rate is based on the size of the workforce, if people drop out of the workforce [ 89 Million currently ] but the number of unemployed remains relatively flat, the unemployment rate will actually increase, even though the same number of people are unemployed [ over 101 Million ].
Summer’s over. The seasonal help is being let go.
Let’s keep the math simple:
If 45% were employed and now 43% are employed, that’s 2% fewer employed.
2% / 45% is darned near 4%.
That’s a 4% INCREASE IN UNEMPLOYMENT SINCE LAST YEAR AT THE SAME TIME!!!!
They are spinning by saying the rates have dropped to pre recession numbers.
Hallelujah! 17 trillion dollars later, we are back to square one!
LOL Good times are here.
You live by the statistical sword and you die by the statistical sword. Obama has benefitted for months from a dropping unemployment rate due to “discouraged workers” who drop out and aren’t counted in the numbers.
Apparently, he hasn’t been discouraging enough.
As long as we are going to celebrate pre-Obama numbers, can’t we just go back to the pre-Obama President?
No, your heart is supposed to palpitate for Cankles Clinton next.
She will fix it alright.
However, they say to track whether that’s a legitimate drop you look at last year’s numbers, same time, to see what you see.
Last August was 45.3; this August is 43.7. So, it really is dropping.
Also, it’s my sense that we’re not yet out of harvest time. They won’t be really letting go for another month.
Huma on the other hand.....
If my heart ever palpitates for Hitlery, I'll rip it out with my bare hands.
You’ve really got to quit being logical.
It will ruin your breakfast. :>)
BLS numbers are less volatile but subject to significant manipulation (seasonality, birth/death, outright lies, etc.).
I have to think Gallup's numbers are probably the most accurate. The "Payroll to Population" number is one-step a better metric than BLS' Labor Force Participation Rate, and is telling.
All of the numbers show an early slowdown in employment. The drop off usually occurs in October, not August.
We are in a period like the 1930s and 1970s. Lost decades where slow economic growth means the economy never returns to its earlier levels.
We will get some idea tomorrow.
The administration is so sinister, perdogg, that I’ll not be surprised if Obama’s BLS says UE3 drops again to 7.3.
Then we’ll get to decide who is the liar: Gallup or Obama.
That is a possibility since you are posting that the LP Rate has dropped. The numbers will come under scrutiny tomorrow, as they always do.
Not by the state run media. Top of the hour abc radio news reported "strong growth numbers for august."
What did you expect, government has taxed, regulated or sued every business out of the country where are people suppose to work?
One of the advantages of advancing years is to be able to see that the idiocy will not end within your lifetime, so you take stupidity and tragedy with a grain of salt.
I live well. Other people are completely F’ed up.
The Obama bootlickers will say that this is all George Bush’s fault. He messed the economy up so bad that not even The One can fix it, so unemployment and underemployment is the new norm.
Well, it’s evident everywhere you go. People are just off, during the middle of the day, in hordes. All out shopping, hanging out ...no one seems to work ever.
Throw in wine and bread and you’ve just described Europe.
“-—like the 30’s and 70’s——” Yeah, in terms of the big numbers that’s about right. But this time the causes are different. Modernization/mechanization/high speed manufacturing are going to take a generation of underskilled/under-educated people out of the workforce. There are only 12 million of us left who actually make a product. And we’re taking jobs back from China with machinery, not cheap labor. I’ve said for a couple decades that we are headed for a 90/10 economy and that’s going to last until the 90% realize they have to get themselves into the 21st century. Example: Just yesterday auto sales were reported up. But leases were up far more than purchases. That’s pathetic because it points to a time when most folks won’t even own their own dam smokemobiles.
Wow, 0bummer recovery in full swing.
Repeating the FDR economic legacy. Maybe this is why Obama is trying to distract with a dumb war.
Just in time for the government to inflate the next "seasonal" hiring numbers. Christmas is just around the corner.
Most seasonal summer entertainment/travel related places probably had most people still on payroll at the time of this survey.
What was an embarrassing diplomatic snafu for Obama is now being fired up—going to Congress for their vote—into a huge distraction from the economy, the IRS, Benghazi, etc.
And then, same as education, since the Fed has given money to automakers in some way shape or form, they'll demand annual driving maximums on mileage, fuel usage, tracking devices continually on, etc., etc.
Lets see how the liberal media is spinning this:
Jobless claims improve, remain near six-year low
-MSNBC (blog)-5 hours ago
Got behind a school bus on the way to work the other day.
Most of the parents waiting for the bus with their kids were middle aged white men.
Nobody is working, I guess.
The continuing castration of the American male.
No Contact sports
I think even those numbers are inflated, just as the government U3 and U6 numbers are artificially low. We are in Great Depression territory and have been for some time now. EBT, TANF, Section 8 and Obamaphones keep it looking like we’re in 1992.
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