Posted on 09/07/2012 7:06:50 AM PDT by Qbert
Unemployment remains above 8.0%.
Lowest unemployment rate during Obama term was his first month in office.
Unemployment rate drops ONLY because more people quit looking for work.
368,000 Americans left the labor force.
This is devastating news for the Obama White House.
The AP reported:
U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.The unemployment rate fell to 8.1 percent from 8.3 percent in July, the Labor Department said Friday. But that was only because more people gave up looking for work. The government only counts people as unemployed if they are actively searching.
The government also said 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the beginning of the year, below 2011′s average of 153,000.
Dow Jones industrial futures, which had been up before the report, fell soon after it was released.
Heck of a job, Barry.
The youth unemployment rate for 18-29 year olds specifically for August 2012 is 12.7 percent (NSA).
That's all people will see, unfortunately.
9,000 of the 96k were added due to a resolution of utility strike.
I am pretty sure the real rate is around 20% if you count the drop outs and give ups. A million jobs in 4 years for another 4 trillion wont cut it. Obama is out of touch
my lord you people are just beaten down and gloomy.
THE AP IS REPORTING THIS AS BAD!! So did CNN, there’s noway around it. The AP article gets picked up all across the world and in major papers.
Forcing workers out of the labor force is one hell of a way to reduce the unemployment rate. Whatever it takes I guess. Gotta do something to make Barry’s “numbers” look good. Big election comin’ up.
this drop out is just another lie to make the numbers seem lower then they are
I am pretty sure the real rate is around 20% if you count the drop outs and give ups. A million jobs in 4 years for another 4 trillion wont cut it. Obama is out of touch
Look for 7.9 next month
8% hell, it is closer to 30%.
I think it would be entertaining, in a way, to hear their justification for simply excluding people from the denominator of the unemployment statistics.
They just DECIDED not to work any more?
Yeah, right.
Eventually, all unemployed ‘drop out’ of the work force, so when they all do, we will have 100% employment.............
I’m surprised the AP wrote an honest story on unemployment. If you go to the ABC site, they lead with “unemployment falling” and jobs being added, but only mention that it fell because people left the workforce in about the 10th paragraph — and then they quickly say “but this means the Fed will act to stimulate the economy.” The AP finally — finally — leads with the fact that these numbers suck and people are giving up hope.
They need to modify the questions on the survey for UI. Add if they are going on SS disability or some other assistance and that’s why they aren’t looking.
I have a feeling with the rapid disability rise lately that’s where a lot of it is going. So, in effect, things are FAR worse than they appear.
Three and a half years of the Kenyan Marxist and Michelle my belle will do that to you.
Step two would be for NBC to show things are getting better then ask for Obama to finish the job. Sure enough - that was one of the themes of the dem convention.
Since honest people can't know the numbers ahead of time - or the direction - my guess is, on some level it's a lie.
Would that be a surprise. Dems showed us voter fraud from the stage of the convention. "All in favor... All opposed... They lied about that vote while it was being broadcast on national TV... How brazen is that? (Lucky for them the MSM didn't catch it)
Everything about democrats is a lie - from their paid trolls, rent a crowd tactics, to their suck up shills in the MSM. We're starting to 'get' who they really are...
It shouldn’t be a ‘survey’ at all.
Real numbers from the states unemployment offices can be used.
But they would never do that, as it would be too politically damaging..........for both parties........
State unemployment offices aren’t used for a good reason. If people stop getting benefits then they wouldn’t be counted. This way, with a random phone survey (which is how the BLS #’s have always been done) is probably the best way. They just need to tweak the questions.
Then they should survey the just ones whose benefits have run out and see how many have gotten work. Then couple that survey to the new applications numbers. That sounds simple enough......
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