Posted on 10/07/2011 5:39:05 AM PDT by Red Badger
THE EMPLOYMENT SITUATION -- SEPTEMBER 2011
Nonfarm payroll employment edged up by 103,000 in September, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. The increase in employment partially reflected the return to payrolls of about 45,000 telecommunications workers who had been on strike in August. In September, job gains occurred in professional and business services, health care, and construction. Government employment continued to trend down.
Household Survey Data
The number of unemployed persons, at 14.0 million, was essentially unchanged in September, and the unemployment rate was 9.1 percent. Since April, the rate has held in a narrow range from 9.0 to 9.2 percent. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (8.8 percent), adult women (8.1 percent), teenagers (24.6 percent), whites (8.0 percent), blacks (16.0 percent), and Hispanics (11.3 percent) showed little or no change in September. The jobless rate for Asians was 7.8 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) was 6.2 million in September. These individuals accounted for 44.6 percent of the unemployed. (See table A-12.)
Both the labor force and employment increased in September. However, the civilian labor force participation rate, at 64.2 percent, and the employment-population ratio, at 58.3 percent, were little changed. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose to 9.3 million in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
In September, about 2.5 million persons were marginally attached to the labor force, about the same as a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 1.0 million discouraged workers in September, down by 172,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million persons marginally attached to the labor force in September had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment edged up by 103,000 in September. Since April, payroll employment has increased by an average of 72,000 per month, compared with an average of 161,000 for the prior 7 months. In September, job gains occurred in professional and business services, health care, and construction. Government employment continued to trend down. (See table B-1.)
Employment in professional and business services increased by 48,000 over the month and has grown by 897,000 since a recent low in September 2009. Employment in temporary help services edged up in September; this industry has added 53,000 jobs over the past 3 months. In September, employment growth continued in computer systems design and in management and technical consulting services.
Health care employment continued to expand in September, with an increase of 44,000. Within the industry, job gains occurred in ambulatory health care services (+26,000) and in hospitals (+13,000).
Construction employment increased by 26,000 over the month, after showing little movement since February. The over-the-month gain was due to employment increases in the nonresidential construction industries, which includes heavy and civil construction. Mining employment continued to trend up in September.
Employment in information was up by 34,000 over the month due to the return of about 45,000 telecommunications workers to payrolls after an August strike.
Manufacturing employment changed little in September (-13,000) and has been essentially flat for the past 2 months.
Within retail trade, employment declined in electronic and appliance stores (-9,000) in September. Employment in wholesale trade, transportation and warehousing, financial activities, and leisure and hospitality changed little.
Government employment continued to trend down over the month (-34,000). The U.S. Postal Service continued to lose jobs (-5,000). Local government employment declined by 35,000 and has fallen by 535,000 since September 2008.
The average workweek for all employees on private nonfarm payrolls edged up by 0.1 hour over the month to 34.3 hours following a decrease of 0.1 hour in August. The manufacturing workweek edged down by 0.1 hour in September to 40.2 hours. Factory overtime increased by 0.1 hour to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.6 hours in September. (See tables B-2 and B-7.)
In September, average hourly earnings for all employees on private nonfarm payrolls increased by 4 cents, or 0.2 percent, to $23.12. This increase followed a decline of 4 cents in August. Over the past 12 months, average hourly earnings have increased by 1.9 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees increased by 3 cents, or 0.2 percent, to $19.52. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for July was revised from +85,000 to +127,000, and the change for August was revised from 0 to +57,000.
_____________ The Employment Situation for October is scheduled to be released on Friday, November 4, 2011, at 8:30 a.m. (EDT).
This is terrible news and a very self-serving title by the executive branch, Dept of Labor Stats.
“Holds Steady” actually sounds good, but this is awful.
One missed item, September is the time when stores begin gearing up for Christmas a few short weeks away.
Most importantly, these numbers hide TWO very important categories:
1. Discouraged Workers: one MILLION people gave up...defined as didn’t believe there was a job and had looked for work in the last 12 months but not in the most recent 4 weeks.
2. 1.5 million MORE “unattached” workers hadn’t looked in the last four weeks due to school or family reasons.
IN OTHER WORDS, we had a 9.1 inflation rate with 14 million unemployed and they didn’t bother to count these 2.5 million who had dropped out, not because they didn’t want a job, but because they didn’t think there WAS a job.
That means a more real report would say 10.7%, and that BEFORE they counted the Underemployed 9 million people and the long-term unemployed.
This is terrible news.
9.1 ONLY because of a huge number of disaffected workers dropped out.
That and their ridiculous Birth/Death numbers keep it around 9%
Some of the added jobs are Verizon workers who went on strike, applied for unemployment, and then went back to work after the strike.
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And now their union (CWA) supports the Occupy people.
I listen to CNBC throughout my entire work day and overall I think its coverage is slightly on the conservative side, because the reporters who talk on CNBC are very knowledgeable about business and finance and thus they are not like the liberal dolts who report on the evening news. CNBC is a big breath of fresh air compared to the evening news shows on the alphabet networks, which I haven’t watched for more than five minutes at a time in years. I just can’t stand the obvious heavy liberal bias on the MSM evening news.
If the GOP doesn’t win the White House next year and completely repeal the disastrous Obamacare law, I predict unemployment will hold steady around 9% until 2013 when it will surprisingly increase to 11% as corporate managers react to the Obamacare law by laying off millions of workers as they launch a furious automation campaign and substitute capital for labor. If Obamacare is not repealed, we will see a full-scale rebellion against Washington and the repressive Obamacare law, especially in smaller companies which cannot afford the corporate staff to handle all the regulatory filings, legal problems, and administrative hassle caused by the oppressive Obama regime. Smaller companies are going to lay off huge numbers of workers, drop marginal customers, replace workers with computers and high-tech machinery, and absolutely minimize the number of employees in their companies as they try to minimize the huge regulatory costs and massive management headaches that Obamacare will surely cause. Ultimately, if Obamacare is not repealed completely, this rebellion by business will force big changes in this disastrous legislation that even Obama will have to sign, if somehow he does not lose the election next year (and I pray that the GOP wins.)
The DOL does not count people who are NOT LOOKING ( have given up on the job search ).
U6 is a measure of those who “would like” and are able to work, but have not looked for work recently and Part time workers who want to work full time, but cannot due to economic reasons.
That Figure is in double digits.
See here from Reuters for latest figures :
http://blogs.reuters.com/felix-salmon/2011/10/07/unemployments-here-to-stay/
EXCERPT:
Theres no particularly good news in these numbers. For every glimmer of good news, like the upward revisions to previous reports totaling 100,000 new jobs or so, theres an offsetting piece of bad news, like the broad U6 unemployment rate jumping up to 16.5% from 16.2%.
And the number of people unemployed for more than six months is now 6.24 million up by 208,000. The long-term unemployed the least employable of the unemployed, and the most intractable problem in terms of getting America back to work are now 44.6% of the total, up from 42.9% last month, and 41.8% a year ago.
Another reason why corporations will absolutely minimize their number of employee if Obamacare is not repealed completely: it’s very simple...the Obamacare law seizes control of corporate health care costs and takes control of those costs away from corporate managers. This outrageous intrusion into corporate management creates a major financial risk for business—the risk of rising uncontrolled health care costs dictated by Washington D.C. Business is going to naturally respond to that risk by laying off more workers and absolutely minimizing headcount in all job functions. The repressive Obamcare law will cause further increased economic disaster if it is not completely repealed and replaced early in 2013.
We know they are lying to us more everyday.
We know they are taking away our liberty everyday.
We know they are statists intent on destroying freedom here and around the world.
The question is, what are we going to do about?
Also, check out shadowstats.com for more realistic economic data.
Yes, but he kept high unemployment “steady”.
Heil Hussein!
The beat goes on!
They say the employment number went up to "103,000 new jobs".
Well, that's not exactly true. The Verison union went on strike a short while back. They got to sign up for unemployment, but before these numbers came out, they went back to work. They were counted as "new jobs" - 45,000 of them! They're not new jobs at all, but on paper, that's another story.
The real number is only 58,000 "new jobs", but September lost more jobs than any other month this year along with them. The weekly number is not being reported this week, because they're saying their computers had a glitch, so the numbers won't be coming out this time. How convenient!
(They're fudging the numbers. Unemployment is 16.5% (at a minimum). During the firsts depression in 1920, it was only about 13%.)
Things aren't as rosy as they seem. These numbers are bad, but imagine if they reported the real numbers! People would panic.
The protests in NYC have no message, because there really isn't one. Those kids know something stinks in Denmark, but they're not sure who to blame. All they know is their future has been spent. They want their "secure feeling" back, but know it won't be coming back soon. They're frightened - along with everyone else. (One word - Obomanomics.)
Bump
Since the Verizon strike began AND ended in August, how could it possibly effect ANY September numbers?
Not sure... it was quoted in a couple news sources this a.m. and yesterday.
Swings in first-time filers, swings in monthly job growth, wild swings in the Dow and commodities, but the unemployment rate stays the same. It doesn't stay this steady in a normal, smooth economy. More proof that they are manipulating the denominator to get the result they want. They are hoping the economy will start to recover, so they can slowly increase the denominator until their manipulation is no longer necessary.
“THE BEATINGS WILL CONTINUE UNTIL MORALE IMPROVES.”.............
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