Posted on 10/03/2014 7:05:04 AM PDT by SeekAndFind
The U.S. unemployment rate is below 6% for the first time in more than six years.
The U.S. Bureau of Labor Statistics reported Friday morning, Oct. 3, that the economy added 248,000 jobs in September, pushing the unemployment rate down to 5.9% from 6.1% in August. The unemployment rate hadn’t been below the 6% mark since July 2008, according to BLS historical data.
Employment increased most strongly in professional and business services, retail trade and health care, the government said.
The government said the number of people unemployed in September declined by 329,000 to 9.3 million. During the last year, the U.S. unemployment rate has fallen by 1.3 percentage points, from 7.2% in September 2013, and the number of people unemployed has dropped by 1.9 million.
The payroll employment gain of 248,000 in September exceeded the average monthly gain of 213,000 over the prior 12 months.
BLS said professional and business services added 81,000 jobs in September, compared with an average gain of 56,000 per month over the prior 12 months. Employment in retail trade rose by 35,000 in September. Health care added 23,000 jobs in September, in line with the prior 12-month average gain of 20,000 jobs per month.
The report indicated that the previous two months look better, too, from a job-creation perspective.
(Excerpt) Read more at crainscleveland.com ...
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!
And if you believe these figures, coming out right before the midterm elections, there’s a bridge in Brooklyn I have to sell you . . . .
http://data.bls.gov/timeseries/LNS11300000
All we are doing is washing our unemployment out of our labor force participation rate.
All we are doing, is buying way too much stuff, imported from China.
5.9%! ROTFL!!! Funny stuff.
Bullsh!t.
Ya right...
So fake even the fakes can see it.
....I just choked on my coffee from laughing so hard...
Just in time for the Mid-term elections.
... and the 92.6 MILLION working age people who are not participating in the workforce don’t matter.
We’re nearing full employment. LOLZ
Odds there's an "unexpected" rise in unemployment a month or so after the election?
THE BIGGEST LIE OF THE CENTURY
When a Republican gets in the White House in Jan. 2017, one of the first things he/she should do is change the way unemployment numbers are reported, to more accurately reflect the true numbers, then work from there to bring it down. It would also show the American people how zero and his minions have been lying to them all this time.
248k jobs added for the month.
287k new claims for unemployment this week and 295k the week before that and similar the 2 weeks prior to that.
Sooo, 248,000 jobs added and more than 1,000,000 new apps for unemployment reduce the unemployment rate???? Gotta love this new math........
http://www.freerepublic.com/focus/f-news/3151710/posts
Unemployment Drops to 0% as Last Worker Leaves Labor Force
The People’s Cube ^ | May 3, 2014 | Opiate of the People Posted by 4Liberty
Comrade Barack Obama today became the first to achieve a milestone coveted by enlightened central planners everywhere when the Bureau of Laborious Statistics announced the much-followed totally-meaningless “headline” U3 unemployment rate for last month was ZERO PERCENT! This means that the glorious economic recovery he engineered after the disastrous Bush years has now attained FULL EMPLOYMENT!
It is a tribute to Professor Obama that he was able to find the Holy Grail which eluded history’s greatest economic thinkers such as Lenin, Stalin and Mao. This landmark achievement along with his establishment of free healthcare for everyone via the Affordable Care Act cements his reputation as the Greatest Leader in this or any other universe for all time.
The dramatic moment occurred at 12:03 PM, four weeks to the day after Lyman Yilk, a pipe-fitter from Bittcling, Pa, finally gave up looking for work. Mr. Yilk has been unemployed since 2005 but was on a celebratory bender since the day after Mr. Obama’s first election and did not know that the Keystone Pipeline (which Mr. Yilk was hoping to find work on) had been cancelled due to environmental concerns. When he finally sobered up four weeks ago and learned the project was dead, he abandoned his search to find a job.
Mr. Yilk was the last worker to leave the labor force and turned the lights out as he left. According to the BLS definition:
Quote: U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks. Without Mr. Yilk, there was no one actively looking for work any longer, hence the U3 rate was now ZERO PERCENT, praise Obama!
Gloom-and-doom naysayers were quick to note that the labor force participation rate had also dropped to zero percent which (according to them) was not a good thing as it meant no one was employed. Comrade Nancy Pelosi countered their racist, straw-man argument brilliantly by observing that it also meant no comrade was any longer “job-locked” and each was free to be an artist, writer, hooker, etc, and pursue their passion.
“There is no underestimating this tremendous achievement of Barack Obama” said Paul Klugeman, an expert on hiding declines and fudging economic statistics as well being the self-proclaimed “Conscious Liberal”. “Comrade Obama has achieved the socialist dream of freeing all of The People ™ from the slavery of work and permitting them to live off of someone else’s dime as god, if he existed, would’ve wanted.”
Dr. Klugeman was asked if a problem would arise due to the fact that since no one was working, there would also be no one to pay for the benefits that all the non-workers were collecting.
“Nonsense”, he proclaimed. “The Fed will simply print money for artists and writers and hookers to use to buy things from China! What could go wrong?”
It seems so simple now, it’s a wonder no one ever thought of it sooner.
“The genius of Dear Leader Barack Obama lies in his simplicity”, said Dr. Klugeman.
We agree.
6 years and $7 trillion in new debt later, unemployment rate went from 7.3% to 5.9%.
And only because labor force participation rate is at 36 year low. Otherwise, if labor rate same as 2008, unemployment rate would be 8.2%.
Yes, a friend of mine who lost his near 6 figure salary job 2 years ago...just got a job...at Lowes.
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