Posted on 12/04/2015 6:36:33 AM PST by SeekAndFind
Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was unchanged at 5.0%, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs. Household Survey Data In November, the unemployment rate held at 5.0%, and the number of unemployed persons, at 7.9 million, was essentially unchanged.
During the past 12 months, the unemployment rate and the number of unemployed persons are down by 0.8 percentage point and 1.1 million, respectively. Among the major worker groups, the unemployment rates for adult men (4.7%), adult women (4.6%), teenagers (15.7%), whites (4.3%), blacks (9.4 percent), Asians (3.9%), and Hispanics (6.4%) showed little or no change in November.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 2.1 million in November and has shown little movement since June. In November, these individuals accounted for 25.7 percent of the unemployed.
The civilian labor force participation rate, at 62.5%, changed little in November. The employment-population ratio was unchanged at 59.3 percent and has shown little movement since October 2014.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 319,000 to 6.1 million in November, following declines in September and October. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. Over the past 12 months, the number of persons employed part time for economic reasons is down by 765,000.
In November, 1.7 million persons were marginally attached to the labor force, down by 392,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Among the marginally attached, there were 594,000 discouraged workers in November, little changed from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.1 million persons marginally attached to the labor force in November had not searched for work for reasons such as school attendance or family responsibilities.
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Walmart greeters, giftwrappers and parking lot sweepers... These really ARE boom times! /s
bovine excrement
The BS number look for the U6 number as a guide
U6 unemployment is falling fastest of all.
You need a fresh conspiracy theory, that one is no longer helping your tendentious case that we are in a depression.
Maybe it no longer matters that US government economic statistics have the same credibility as Venezuela’s. Until the dollar loses its status as the world’s reserve currency and the Treasury Department startss begging other countries to buy our bonds and those other countries say: “Maybe we can trust you again - in about fifty years.”
What currency do you think looks attractive at the moment?
You need a fresh conspiracy theory, that one is no longer helping your tendentious case that we are in a depression.
True, U6 is almost back to pre-crash levels.
But Labor Participation Rate has a ways to go yet.
ABout 300 million in America.
About 100 million no jobs.
100million divided by 300 million = 5%
Trust us.
This Pablum of 5% from the Govt. is BS.
Synonym: Leader = Liar
chortle
Washington certainly is math-challenged.
Over 250,000 NEW unemployment claims filed every week-—adds up to over 1 million a month.
211,000 new jobs & the unemployment rate never budges.
It will be very interesting how these figures get corrected when Trump & his math-savvy advisers get into office.
I know where there is an immediate job opening for a restaurant health inspector. Pays about $70,000 annually with good benefits.
As a life long bookkeeper, if I had even given a client such calculations, I would have tarred & feathered.
RE: I know where there is an immediate job opening for a restaurant health inspector.
One of the most HATED professions in NYC. Ask any restaurant or bagel shop out there and they’ll tell you how these arrogant SOB’s harass them, looking for the most minute issues to make it tough doing business.
Here’s just one example:
Health inspectors slap Brooklyn bagel shop with fines over sesame and poppy seeds
EXCERPT:
A Health Department inspector bizarrely slapped a Brooklyn bagel shop with $1,650 in fines — because sesame and poppy seeds fell to the floor while the bagels were being made during working hours.
The owner of B&B Empire Bagel Cafe — who appealed the violations and lost at two separate hearings — says the inspectors must have holes in their heads.
How is he supposed to make seeded bagels without some of the tiny goods spilling onto the ground?
“It is impossible to clean up after each and every bagel,” declared Alex Gormakh, 59, who manages the Clinton Sreet. shop. “It is impossible. It is a process.”
To demonstrate, Gormakh placed two poppy and sesame bagels on a table near his $60,000 wood-burning oven, where they are baked “Montreal style” — smaller and chewier than their New York cousins.
“Look,” explained Gormakh, “a few seeds are always going to be dropped when you are dipping the bagel in the seeds. They don’t all stick like glue.”
“Now imagine the seeds from 100 bagels. Any place where bagels are produced will have these problems.”
Still, city regulators were unsympathetic.
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