Posted on 10/08/2010 5:44:19 AM PDT by quesney
Nonfarm payroll employment edged down (-95,000) in September, and the unem- ployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Sta- tistics reported today. Government employment declined (-159,000), reflec- ting both a drop in the number of temporary jobs for Census 2010 and job losses in local government. Private-sector payroll employment continued to trend up modestly (+64,000).
Household Survey Data
The number of unemployed persons, at 14.8 million, was essentially un- changed in September, and the unemployment rate held at 9.6 percent. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men (9.8 percent), adult women (8.0 percent), teenagers (26.0 percent), whites (8.7 percent), blacks (16.1 percent), and Hispanics (12.4 percent) showed little or no change in September. The jobless rate for Asians was 6.4 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), at 6.1 million, was little changed over the month but was down by 640,000 since a series high of 6.8 million in May. In September, 41.7 percent of unemployed persons had been jobless for 27 weeks or more. (See table A-12.)
In September, both the civilian labor force participation rate, at 64.7 percent, and the employment-population ratio, at 58.5 percent, were un- changed. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose by 612,000 over the month to 9.5 million. Over the past 2 months, the number of such workers has increased by 943,000. These individuals were working part time be- cause their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
(Excerpt) Read more at bls.gov ...
I posted a few weeks ago that non-census government layoffs were going to be a big negative employment factor for the foreseeable future. My state and local government have announced brutal cuts, but haven’t performed them yet. More civil servants are in the pipeline.
I posted a few weeks ago that non-census government layoffs were going to be a big negative employment factor for the foreseeable future. My state and local government have announced brutal cuts, but haven’t performed them yet. More civil servants are in the pipeline.
Happy Daze are just a stimuli away.
Remember high school chem lab? Same deal. The technical term is "fudge factor".
Thanks.
If you’ve been here, you know how it feels.
U-6 unemployment measure jumps from 16.7% to 17.1%
It should be pointed out that the Gallup numbers are not seasonally adjusted.
You are correct and you beat me in making the same statement.
The only good democrat, is a former Democrat!
Shouldn’t this be called great news? The private economy added 64K jobs - the loss was from shedding 159K GOVERNMENT jobs.
What is that odor? B.O.?
Private sector jobs went up 64K - perhaps they aren’t covered by ADP payroll. (We certainly aren’t.)
We did lose 1.8 million jobs last month and the rate didn’t budge.
New weekly unemployment claims have been reported weekly as 450,000 and change for months. That is a rate approaching 2 million actual, that is real, lost jobs per month.
What’s going to be the Obama admin spin on this one?
These numbers are obviously faked.
Unemployment is ~20.0%, not the lie of 9.6%.
Not to sound like one of the tinfoil hat brigade, but it doesn’t surprise me that they didn’t put out the “real” numbers. I was discussing this elsewhere and I stated that if the unemployment percentage went up to 10 percent, the Dems were screwed even WORSE than they are now.
Because of unnecessary construction projects. They're all day traffic jams now.
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