Posted on 09/05/2013 6:10:07 AM PDT by xzins
The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, dropped to 43.7% in August, from 44.6% in July, and is down from 45.3% in August 2012.
Gallup's P2P metric estimates the percentage of the U.S. adult population aged 18 and older who are employed full time by an employer for at least 30 hours per week. P2P is not seasonally adjusted.
August marks the seventh month this year that the P2P rate failed to improve over the same month in 2012. In fact, so far this year, P2P has declined an average of 0.3 percentage points in terms of monthly year-over-year changes.
Unemployment Rises to 8.7% in August
Gallup's unadjusted unemployment rate for the U.S. workforce was 8.7% in August, up from 7.8% in July and from 8.1% in August 2012. Similar to P2P, unemployment fluctuates seasonally, and the year-over-year change is the most informative comparison. The uptick in unemployment this August compared with August of last year is the first year-over-year increase since Gallup was able to begin tracking yearly changes in 2011.
(Excerpt) Read more at gallup.com ...
As long as we are going to celebrate pre-Obama numbers, can’t we just go back to the pre-Obama President?
No, your heart is supposed to palpitate for Cankles Clinton next.
She will fix it alright.
However, they say to track whether that’s a legitimate drop you look at last year’s numbers, same time, to see what you see.
Last August was 45.3; this August is 43.7. So, it really is dropping.
Also, it’s my sense that we’re not yet out of harvest time. They won’t be really letting go for another month.
Huma on the other hand.....
If my heart ever palpitates for Hitlery, I'll rip it out with my bare hands.
You’ve really got to quit being logical.
It will ruin your breakfast. :>)
ADP Payrolls 176K, Small Miss, Pace Of Increase Broken For First Time Since April
BLS numbers are less volatile but subject to significant manipulation (seasonality, birth/death, outright lies, etc.).
I have to think Gallup's numbers are probably the most accurate. The "Payroll to Population" number is one-step a better metric than BLS' Labor Force Participation Rate, and is telling.
All of the numbers show an early slowdown in employment. The drop off usually occurs in October, not August.
We are in a period like the 1930s and 1970s. Lost decades where slow economic growth means the economy never returns to its earlier levels.
LOL
We will get some idea tomorrow.
The administration is so sinister, perdogg, that I’ll not be surprised if Obama’s BLS says UE3 drops again to 7.3.
Then we’ll get to decide who is the liar: Gallup or Obama.
That is a possibility since you are posting that the LP Rate has dropped. The numbers will come under scrutiny tomorrow, as they always do.
Bush’s fault.
Not by the state run media. Top of the hour abc radio news reported "strong growth numbers for august."
What did you expect, government has taxed, regulated or sued every business out of the country where are people suppose to work?
One of the advantages of advancing years is to be able to see that the idiocy will not end within your lifetime, so you take stupidity and tragedy with a grain of salt.
I live well. Other people are completely F’ed up.
The Obama bootlickers will say that this is all George Bush’s fault. He messed the economy up so bad that not even The One can fix it, so unemployment and underemployment is the new norm.
Well, it’s evident everywhere you go. People are just off, during the middle of the day, in hordes. All out shopping, hanging out ...no one seems to work ever.
+1
Throw in wine and bread and you’ve just described Europe.
“-—like the 30’s and 70’s——” Yeah, in terms of the big numbers that’s about right. But this time the causes are different. Modernization/mechanization/high speed manufacturing are going to take a generation of underskilled/under-educated people out of the workforce. There are only 12 million of us left who actually make a product. And we’re taking jobs back from China with machinery, not cheap labor. I’ve said for a couple decades that we are headed for a 90/10 economy and that’s going to last until the 90% realize they have to get themselves into the 21st century. Example: Just yesterday auto sales were reported up. But leases were up far more than purchases. That’s pathetic because it points to a time when most folks won’t even own their own dam smokemobiles.
Wow, 0bummer recovery in full swing.
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