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1 posted on 03/05/2011 1:44:11 PM PST by SeekAndFind
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To: 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.


2 posted on 03/05/2011 1:45:59 PM PST by SeekAndFind
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To: SeekAndFind

How do they count people that are hired to replace those that retire?


3 posted on 03/05/2011 1:48:28 PM PST by clearcarbon
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To: SeekAndFind

It appears as though BIG “Labor” has launched its attack against the American people in order to get their Kenyan a second term.


5 posted on 03/05/2011 1:50:46 PM PST by FlingWingFlyer (Just say NO to union greed!)
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To: SeekAndFind
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.

Have to trust in the truth the people see every day and keep faith they won't despair as the Left desires.

6 posted on 03/05/2011 1:51:06 PM PST by Happy Rain ("Only God has more power than the Second Amendment to save America.")
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To: SeekAndFind

Total Non-Farm Payrolls (Source: St. Louis FED)


7 posted on 03/05/2011 1:52:38 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: SeekAndFind
I'm sure this will be the headline of every US newspaper Sunday, obamma administration cooks employment number. Sure it will be.
10 posted on 03/05/2011 2:10:30 PM PST by org.whodat
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To: SeekAndFind

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.

==

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.

==

:)

==

Careful, Rick, you might get some late night visitors of the Chicago Thuggery version.


12 posted on 03/05/2011 2:27:09 PM PST by TomGuy
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To: SeekAndFind

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?


14 posted on 03/05/2011 2:29:39 PM PST by RegulatorCountry
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To: SeekAndFind

They are cooking the books.


19 posted on 03/05/2011 3:11:00 PM PST by Roklok
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To: SeekAndFind
Since 2008, they've reduced the labor participation rate from appx. 66% to 64.2%. At the 66% rate, unemployment would be 11.5%. I added the 2 columns to the right of the BLS info.

BLS

Labor rate

20 posted on 03/05/2011 3:13:06 PM PST by jrushing (Anti-American-ProTerrorist-Coward-Fascist-Communist-Socialist-Democratic Party)
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To: SeekAndFind

what do you expect from a phony president? phony president =phony numbers =phony unemployment. Gee America I need to be re-elected I will save the economy.

In the future Scenario 1 - November 8, 2012 America has a real economic problem since Feb 2011 Obama has had two sets of books, phony book and the real book. Welcome to Obamastan formerly the USA. The nations language is now Arabic and everyone must become a Muslim.

In the future Scenario 2 - November 8, 2012, the election results are in Obama has meet with a resounding defeat. The nation calls for Obama to be arrested and incarcerated immediately, Sarah Palin, Michelle Bachmann are asked to implement a new government. Obama proclaims ‘I am not a crook, it is George Soros’s fault he made me do it, I owed him lots of money. Joe Biden steps down immediately. All Democratic US Senators are defeated, all democratic US house representatives are defeated. The state of illinois vows to rid Illinois of anything to do with barack Obama.

Schools across america are striving to have the name Barack Obama removed from the school building immediately.

In every state across the union local and state elections have outstanding results. The 2010 election was only an inkling of what was to come. Voters voted in a new Amendment Birth certificates, college transcripts are required by all presidental candidates. Voters voted on the immediate repeal of ObamaCare, Nancy Pelosi and Harry Reid entire assets frozen by the CBO.


21 posted on 03/05/2011 3:55:47 PM PST by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: SeekAndFind

BLS is not the Bureau of Lies and Scams.


22 posted on 03/05/2011 4:36:14 PM PST by Revel
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To: SeekAndFind

Watch Treasury bonds and the dollar. You’ll see unemployment really go up after trading partners demand austerity measures in the USA.


25 posted on 03/05/2011 5:25:04 PM PST by familyop (cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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To: SeekAndFind
BLS has become an arm of the Democrat party and the campaign to reelect Zero. The numbers will trend lower through November 2012 unless there is a catastrophe that not even the brain dead zombies of the Democrat block vote can ignore. The economic reports have become works of fiction and the stock markets are relying on this deceit.
26 posted on 03/05/2011 6:21:51 PM PST by Truth29
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To: SeekAndFind

Bump!


28 posted on 03/06/2011 6:26:23 AM PST by Mr. Silverback (Anyone who says we need illegals to do the jobs Americans won't do has never watched "Dirty Jobs.")
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To: SeekAndFind

Bump


30 posted on 03/06/2011 8:48:49 AM PST by My Favorite Headache (In a world where I feel so small, I can't stop thinking big.)
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