Total Non-Farm Payrolls (Source: St. Louis FED)
Posted on 03/05/2011 1:44:08 PM PST by SeekAndFind
MORE HERE :
http://www.americanthinker.com/blog/2011/03/the_dark_side_of_yesterdays_un.html
The dark side of yesterday’s unemployment numbers
EXCERPT:
Upon closer scrutiny though, there is another factor contributing to the drop that is not necessarily good news: The official size of the U.S. labor force is shrinking.
The Bureau of Labor Statistics publishes the “Labor Force Participation Rate” each month, along with a litany of other metrics that are used to give us the headline jobs number and the unemployment rate. The government’s definition of the labor force is all individuals 16 years of age and older, who are employed or seeking employment. It does not include students; retirees; anyone with unreported income, or “discouraged” workers.
The participation rate is the comparison of the “labor force,” those looking for work or employed, and everyone else. That ratio is currently 64.2 percent seasonally adjusted, and 63.9 percent non-seasonally adjusted, the same level as last month. Both of those percentages are currently running at 27-year lows, meaning the percentage of Americans not working or even trying to join the work force is at a near three-decade high.
The last time the participation rate was above 66 percent - the 10-year average - was in August 2008.
Close to the same number of Americans who got jobs last month - 192,000 - stopped looking for work. And for all the celebrating being done by Obama supporters over the minuscule drop in unemployment and barely break even job creation, the fact is those jobs are not spreading evenly across the country. The Midwest is still a disaster area economically, all aspects of the housing industry are still at depression levels, the deficit is still a dagger aimed at America’s heart, and Obama still doesn’t have any ideas on how to address any of it.
How do they count people that are hired to replace those that retire?
bttt
It appears as though BIG “Labor” has launched its attack against the American people in order to get their Kenyan a second term.
Have to trust in the truth the people see every day and keep faith they won't despair as the Left desires.
Total Non-Farm Payrolls (Source: St. Louis FED)
All they are thinking is, “D@mn, we should have taxed the workforce more when we had 10/1 ratio of ‘workers’ vs. retirees!”
“Maybe we need to educate the illegal immigrants, yeah, we’ll have new ‘workers’.”
It ain’t going to be pretty folks. The body of people they’re importing want to work for the Government or suckle on welfare “benefits”. The new middle class.
Oops!
>>How do they count people that are hired to replace those that retire?
Companies still do that?? Mine just distributes the retiree’s work amongst the people that are left. I assume that when one employee is left, they’ll lay him off and hire Mexicans.
This is just more Rick Santelli troublemaking.
After all, he is the one who started that whole Tea Party mess by calling for a Chicago Tea Party.
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If it were not newly PC write this, I would say he has put a BIG target on his back and has moved into the ‘crosshairs’ now.
He might kick of some other kind of ‘party’ revolt.
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:)
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Careful, Rick, you might get some late night visitors of the Chicago Thuggery version.
>>only later will folks be forced to admit it.
Yes. On Day One of the next Republican President’s administration, he(she) will be asked, “Why did unemployment jump from 9% yesterday to 25% today?”
If the Pres is a country club Republican, his answer will be 30 seconds of weasel-talk and he will be blamed for it throughout his Presidency.
The next question will be about the sudden increase in homelessness.
Given the clear finagling of statistics that has been present througout the course of this near-depression, one has to wonder why such a reduction in one fell swoop was required.
Up to this point, flirting with but just below an official U3 rate of 10% has sufficed. They’re really, really anxious to avoid any admission of that rate, nationally. On a state level, sure, quite a few are. My home state, NC, has been above 10% more often than below since late 2008.
There must be a big hit to the numbers coming down the pike, and they’re making room for it ahead of time, imho. Now, what might cause politically motivated government statisticians to begin anticipatory reductions in labor force statistics?
There is nothing the regime says that I believe.
“Look,Obama’s butt boys in Labor say unemployment is below 9% and the MSM,Dems and RINOs are going to go by their numbers no matter how obviously cooked and disingenuous they are.”
I’m not terribly worried about those numbers. Even the most rabid liberals know that they are lies, especially since they are usually the most affected. If they serve any purpose, it is to reinforce the fact that these numbers are ALL lies, as told by liars.
“It appears as though BIG “Labor” has launched its attack against the American people in order to get their Kenyan a second term.”
Yup, and as long as there is a 1/10 of a percent drop in their unemployment number every other month till the election, the Kenyan will be a shoe in for a 2nd term.
Get paper in the morning. Open employment section. Reality world will be staring you in the face. All Obama is Lies.
They are cooking the books.
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