U.S. Payroll to Population Rate Drops to 43.7% in August: Unadjusted unemployment climbs to 8.7%

Gallup ^ | 5 Sep 13 | Jenny Marlar

[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.

[RginTN]

Repeating the FDR economic legacy. Maybe this is why Obama is trying to distract with a dumb war.

[unixfox]

Summer’s over. The seasonal help is being let go.

Just in time for the government to inflate the next "seasonal" hiring numbers. Christmas is just around the corner.

[matt04]

Most seasonal summer entertainment/travel related places probably had most people still on payroll at the time of this survey.

[Brad from Tennessee]

[This is terrible news for the economy. The airwaves blanketed with war talk would be a big benefit to Obama.]

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.

[xzins]

won’t even own their own damn smokemobiles.

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.

[lowbridge]

Lets see how the liberal media is spinning this:

Jobless claims improve, remain near six-year low
Blog
-MSNBC (blog)-5 hours ago

[yorkiemom]

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.

I hear what you're saying, but that is completely depressing.

[Palio di Siena]

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.

[xzins]

The continuing castration of the American male.

Ridlin
No Contact sports
No Job

[2ndDivisionVet]

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.

[hattend]

What was it in 2009?

[TurboZamboni]