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.
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