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 ...
How’s that hopey-changey thing working out, America.
Brett Baire just reported on Fox that 1 in 5 workers don’t have a job.
That’s depression-level living.
Yeah, fudging the numbers is an art!
The sad thing is, this rate is liable to be the best we see for a few years and that is IF we remove the problem now!
When democrats/Marxists can no longer be hurt, after the election on Nov 2,unexpectedly the unemployment rate will be above 10%.
Democrats/socialists are surely destroying the economy.
Real unemployment above 20%.
Unchanged, LMAO. This number will be “revised” up after the mid-terms. Wait and see.
I could never get this part, the economy loses almost 100,000 jobs yet the unemployment numbers stay the same?
B.O. and B.S., a deadly combination.
I remember when we needed 100-150 thousand created per month just to STAY EVEN. Now we can lose 95,000 and stay even.
That is great /s.
64,000 doesn’t even cover the hundred’s of thousands that “drop out of the jobs market” because those are no longer counted in any stats. It would take 200,000+ private sector job growth per month to see any real movement to the positive.
Democrats have destroyed the U.S. economy. If the U.S. will never recover. Reagan's deregulation and tax decreases were creating 5 million private sector jobs per year. You think this report means that? You really believe those times will ever be back? think again. Democrats have imposed 80,000 pages of government regulations on businesses. Try to start a new business in that, you democrat.
At least traffic is getter a lot better as more and more people either can't afford a car or have no job to drive to.
Democrats have destroyed the U.S. economy. The U.S. will never recover. Reagan's deregulation and tax decreases were creating 5 million private sector jobs per year. You think this report means that? You really believe those times will ever be back? think again. Democrats have imposed 80,000 pages of government regulations on businesses. Try to start a new business in that, you democrat.
However, the U6 unemployment rate, which includes the underemployed and those who have given up looking for employment, rose from 16.7% in August to 17.1% in September, its highest level since October 2009. So true unemployment rose substantially. Naturally, this won’t be reported in the leftist-controlled media.
I think that the unemployment numbers will “unexpectly” become accurate ago go over 10%. Then the MSM and the Hussien Administration can blame the GOP controlled Congress for it.
good post.
democrats/socialists are surely destroying the economy of the U.S..
I think that the unemployment numbers will “unexpectly” become accurate ago go over 10%. ....AFTER the November election. Then the MSM and the Hussien Administration can blame the GOP controlled Congress for it.
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