I have read this book, and my copy is from the late 40's-early 50's time. It must be required reading at the Department of Labor and Bureau of Statistics.............................maybe even their rulebook................
Posted on 11/07/2014 6:55:02 AM PST by SeekAndFind
The U.S. economy added 214,000 jobs in October, lower than the 231,000 jobs economists expected but still enough to maintain labor market momentum as the Federal Reserve ponders a timetable for raising interest rates.
While the number of jobs created came in under expectations, the headline unemployment rate dropped to 5.8%, the lowest level since July 2008, and under the 5.9% rate in September, according to numbers released today by the U.S. Department of Labor.
The report doesn't slow the momentum started in September when 248,000 jobs were created, far more than expected.
The 214,000 jobs gained in October represented the eighth time in the past nine months that the economy has created more than 200,000 jobs, a sharp rebound from the years of weak growth that followed the 2008 financial crisis and deep recession that followed.
Both the unemployment rate and the number of unemployed persons (9 million) fell in October. Since the beginning of the year, the unemployment rate and the number of unemployed persons have declined by 0.8 percentage point and 1.2 million, respectively.
Still, analysts are looking beyond the number of jobs created and the headline unemployment rate for signs that so-called slack in the labor market is tightening. In particular, economists – especially those at the Federal Reserve – are looking for growth in hourly wages.
(Excerpt) Read more at freerepublic.com ...
Bullfinch.
Number so massaged that they’re flabby and frisby like.
BS!!
Still posin’, still lying, still frontin’ Even though they lost.
If I was the Republicans, I’d claim that the dramatic decrease is due to the Tsunami Effect of their win over Obama.
So how many Americans are now out of the calculations.
Last I knew, it was nearly 93,000,000.
I have read this book, and my copy is from the late 40's-early 50's time. It must be required reading at the Department of Labor and Bureau of Statistics.............................maybe even their rulebook................
IIRC almost all the new jobs are part-time
The new Congress should investigate the compilation of these ‘statistics’ for the last 6 years. Or do they want to keep up the lies and distortions for their own use?........................
The fact that the govt can publish these ficticious numbers with a straight face is beyond me. 92 million working age Americans unemployed is more like 20% at the very least.
Again a totally BS number has been posted as fact!
“...Unemployment in the United States dropped precipitously in October 2014 according to this morning’s report issued by the Bureau of Labor Statistics (BLS). The report shows that actual unemployment dipped by almost a quarter-percent month-over-month, declining from 11.94% in September to a five-year low of 11.71% in October. This is the lowest US unemployment rate since July 2009, when national unemployment was 11.53%.
The reported official figure declined to 5.8%, keeping actual unemployment over double the official figure for the second month in a row. The Reporting Gap declined to 5.91% from its all-time high last month of 6.04%...”
http://bluepyramid.org/storey/archives/2771
lol
Listening to bloomberg discuss this now....happy days are here again according to them.
More than likely.
Part-time holiday hiring.
Amazing how everyone has a job, but the economy is crap.
Ok Obie. You can stop screwing with the numbers now. Americans showed Tuesday they didn’t believe them.
What is the participation rate?
How many of our people doubled the disability, welfare rolls and stay off of statistics after being unemployed off a year.
Don’t care what politician is in office, tell the truth.
IMO unemployment nationally is about 13% and in California it is over 20% when you could those living as a living off the dole in some way.
9th consecutive month +200K
August and September both revised up
Employment-Pop ratio highest since 2009
U6 dropped 30bps to 11.5%
Household survey very strong
Overall a good report
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