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Nonfarm payroll employment falls 95,000 (Unemployment rate unchanged at 9.6%)
Bureau of Labor Statistics ^

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 ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: employment; manipulated4season; unemployment; unexpected; yurapeeinbs
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1 posted on 10/08/2010 5:44:22 AM PDT by quesney
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To: quesney

“unchanged at 9.6 percent”

Pure Bullshit


2 posted on 10/08/2010 5:45:14 AM PDT by Perdogg (Nancy Pelosi did more damage to America on 03/21 than Al Qaeda did on 09/11)
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To: quesney

Dollar sinkin’


3 posted on 10/08/2010 5:45:30 AM PDT by quesney
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To: quesney
Headline from CNBC: Economy Loses 95,000 Jobs in Oct., Worse Than Expected
4 posted on 10/08/2010 5:45:33 AM PDT by neodad (USS Vincennes (CG 49) "Freedom's Fortress")
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To: quesney

We could lose 2 million jobs next month and the unemployment rate would be unchanged at 9.6%.


5 posted on 10/08/2010 5:46:09 AM PDT by ClearCase_guy
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To: quesney

Christmas holidays are going to be dismal for retail...


6 posted on 10/08/2010 5:46:31 AM PDT by Le Chien Rouge
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absolute liars.

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.


7 posted on 10/08/2010 5:46:58 AM PDT by mwl8787
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To: quesney

so the number of government jobs fell but private employment went up?


8 posted on 10/08/2010 5:47:04 AM PDT by ChurtleDawg (voting only encourages them)
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To: ClearCase_guy

Yes, that seems to be how things work!


9 posted on 10/08/2010 5:47:30 AM PDT by benewton
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To: ClearCase_guy

The REAL unemployment rate (U-6) was 17.1% +0.4 for the month.


10 posted on 10/08/2010 5:47:53 AM PDT by andy58-in-nh (America does not need to be organized: it needs to be liberated.)
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To: quesney

If nobody’s working, then why do we still have rush hour traffic jams? Surely they can’t all be shopping!


11 posted on 10/08/2010 5:48:08 AM PDT by New Jersey Realist (Congress doesn't care a damn about "we the people")
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To: quesney

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”

http://bls.gov/news.release/empsit.t15.htm


12 posted on 10/08/2010 5:48:12 AM PDT by coaltrain (Obama's a Harvard lawyer like Elvis was a Black Belt)
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To: quesney

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.

Read more: http://www.nypost.com/p/news/business/will_election_workers_skew_friday_MEqqwiA9I8tG6tNF5w42AP#ixzz11lpFsMHG


13 posted on 10/08/2010 5:48:20 AM PDT by icwhatudo ("laws requiring compulsory abortion could be sustained under the existing Constitution"Obama Adviser)
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To: ChurtleDawg

Probably not. ADP suggested that private payrolls fell too. Probably a difference in the secret sauce of seasonal adjustments at BLS.


14 posted on 10/08/2010 5:48:23 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: ClearCase_guy
"unexpected"

drink

(I've switched to orange juice, my liver can't keep up)

15 posted on 10/08/2010 5:48:30 AM PDT by nascarnation
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To: Perdogg
Pure Bullshit

No kidding. I think everyone knows that. President Obama is just trying not to be viewed as another Carter.

16 posted on 10/08/2010 5:48:47 AM PDT by MinorityRepublican
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To: neodad; All

“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.


17 posted on 10/08/2010 5:49:04 AM PDT by quesney
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To: ClearCase_guy

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.


18 posted on 10/08/2010 5:49:20 AM PDT by Vermont Lt (We are so screwed.)
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To: garbanzo

jobs data is quite confusing. what is “seasonal adjustment” anyway?


19 posted on 10/08/2010 5:50:10 AM PDT by ChurtleDawg (voting only encourages them)
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To: quesney
One of the sub-headings on drudge:

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%.

20 posted on 10/08/2010 5:50:39 AM PDT by apillar
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