Skip to comments.Nonfarm payroll employment falls 95,000 (Unemployment rate unchanged at 9.6%)
Posted on 10/08/2010 5:44:19 AM PDT by quesney
Nonfarm payroll employment edged down (-95,000) in September, and the unem- ployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Sta- tistics reported today. Government employment declined (-159,000), reflec- ting both a drop in the number of temporary jobs for Census 2010 and job losses in local government. Private-sector payroll employment continued to trend up modestly (+64,000).
Household Survey Data
The number of unemployed persons, at 14.8 million, was essentially un- changed in September, and the unemployment rate held at 9.6 percent. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men (9.8 percent), adult women (8.0 percent), teenagers (26.0 percent), whites (8.7 percent), blacks (16.1 percent), and Hispanics (12.4 percent) showed little or no change in September. The jobless rate for Asians was 6.4 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks and over), at 6.1 million, was little changed over the month but was down by 640,000 since a series high of 6.8 million in May. In September, 41.7 percent of unemployed persons had been jobless for 27 weeks or more. (See table A-12.)
In September, both the civilian labor force participation rate, at 64.7 percent, and the employment-population ratio, at 58.5 percent, were un- changed. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose by 612,000 over the month to 9.5 million. Over the past 2 months, the number of such workers has increased by 943,000. These individuals were working part time be- cause their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
(Excerpt) Read more at bls.gov ...
“unchanged at 9.6 percent”
We could lose 2 million jobs next month and the unemployment rate would be unchanged at 9.6%.
Christmas holidays are going to be dismal for retail...
That said, if the BO Administration had managed to manipulate the number to 9.5%, the MSM would announce with glee for 3 weeks that we are at full employment.
so the number of government jobs fell but private employment went up?
Yes, that seems to be how things work!
The REAL unemployment rate (U-6) was 17.1% +0.4 for the month.
If nobody’s working, then why do we still have rush hour traffic jams? Surely they can’t all be shopping!
U-6 unemployment measure jumps from 16.7% to 17.1%
“U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force”
In Brooklyn alone, 20,000 to 30,000 people are usually hired to work at the polling places during the elections. If even one large district decided to report these poll workers as employees, the national numbers could be skewed.
Probably not. ADP suggested that private payrolls fell too. Probably a difference in the secret sauce of seasonal adjustments at BLS.
(I've switched to orange juice, my liver can't keep up)
No kidding. I think everyone knows that. President Obama is just trying not to be viewed as another Carter.
“Headline from CNBC: Economy Loses 95,000 Jobs in Oct., Worse Than Expected”
I’ve added “unexpected” as a keyword. Happens so often, deserves it’s own topic/tag.
The last guy working is going to be the person that puts out the press release saying the unemployment rate is 9.6%.
Its nice to know Baghdad Bob still has a job in the Bureau of Labor Statistics.
jobs data is quite confusing. what is “seasonal adjustment” anyway?
Gov't 'to understate' final report before midterms...
Pretty sad, they do everything possibly to fudge the numbers, by counting poll workers who were employeed for 1 day as new hires, and still the best they can do is -95,000.
By the way, according to Gallup the real number for the prior month is 10.1%.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.