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FAIL. Unemployment Rate Above 8.0% for 43rd Straight Month 368,000 Drop Out of Workforce
Gateway Pundit ^ | September 7, 2012 | Jim Hoft

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).


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: failure; obama; obamanomics; unemployment

1 posted on 09/07/2012 7:06:56 AM PDT by Qbert
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To: Qbert
Obama cuts unemployment rate from 8.3% to 8.1%!

That's all people will see, unfortunately.

2 posted on 09/07/2012 7:10:26 AM PDT by pabianice (washington, dc ..)
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To: Qbert

9,000 of the 96k were added due to a resolution of utility strike.


3 posted on 09/07/2012 7:11:35 AM PDT by Perdogg
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To: Qbert

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


4 posted on 09/07/2012 7:12:33 AM PDT by dalebert
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To: pabianice

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.


5 posted on 09/07/2012 7:13:01 AM PDT by snarkytart
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To: Qbert

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.


6 posted on 09/07/2012 7:13:36 AM PDT by FlingWingFlyer (On 5 September 2012 A.D., the communist Democrats tried to kill God and failed.)
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To: Qbert

this drop out is just another lie to make the numbers seem lower then they are


7 posted on 09/07/2012 7:14:30 AM PDT by The Wizard (Madam President is my President now and in the future)
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To: pabianice
Do you understand how minuscule two tenths of a point is anyway? People see about 8% and couple with the lousy job report it's not good for Obama, and well US. We're suffering as well.
8 posted on 09/07/2012 7:14:43 AM PDT by snarkytart
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To: Qbert

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


9 posted on 09/07/2012 7:16:03 AM PDT by dalebert
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To: Qbert

Look for 7.9 next month


10 posted on 09/07/2012 7:16:30 AM PDT by albie
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To: Qbert

8% hell, it is closer to 30%.


11 posted on 09/07/2012 7:17:55 AM PDT by sport
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To: The Wizard

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.


12 posted on 09/07/2012 7:19:26 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: Qbert

Eventually, all unemployed ‘drop out’ of the work force, so when they all do, we will have 100% employment.............


13 posted on 09/07/2012 7:26:06 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: snarkytart

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.


14 posted on 09/07/2012 7:50:13 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: Red Badger

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.


15 posted on 09/07/2012 7:55:19 AM PDT by Monty22002
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To: snarkytart
my lord you people are just beaten down and gloomy.

Three and a half years of the Kenyan Marxist and Michelle my belle will do that to you.

16 posted on 09/07/2012 7:58:42 AM PDT by Marathoner (DNC: Fluke, Clinton, Warren: The slut, the pimp and paleface)
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To: pabianice
Wrong. The country's growing up. I called the 'so-called future improvements' a while back - when "Meet the Press' came up with charts... and the first ones showed how bad things were. Knowing Meet the Press is fed information by dem war room types. I assumed the fix was in and wrote about it. No way Meet the Press would come up with a devise that makes dems look bad.

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...

17 posted on 09/07/2012 8:32:51 AM PDT by GOPJ (Peace is that brief glorious moment in history when everybody stands around reloading - T. Jefferson)
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To: Monty22002

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........


18 posted on 09/07/2012 8:42:55 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: Red Badger

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.


19 posted on 09/07/2012 8:57:55 AM PDT by Monty22002
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To: Monty22002

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......


20 posted on 09/07/2012 9:01:13 AM PDT by Red Badger (Anyone who thinks wisdom comes with age is either too young or too stupid to know the difference....)
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To: snarkytart

Ah, but the reported September rate will be 7.9% and the October rate 7.5%...


21 posted on 09/07/2012 11:32:22 AM PDT by pabianice (washington, dc ..)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Qbert.


22 posted on 09/08/2012 11:22:12 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Monty22002
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.

They also need to count any aging so-called "students" that are taking out taxpayer-subsidized student loans and living off those while they pursue some worthless degree. At the same time, they're probably using their parents' health insurance up to age 27, so they can "follow their dreams" as Nancy Pelosi said.

23 posted on 09/14/2012 4:36:34 PM PDT by JediJones (KARL ROVE: "And remember, this year, no one is seriously talking about ending abortion.")
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To: JediJones

Full time students should not be considered ‘unemployed’ no matter the source of their income.


24 posted on 09/14/2012 5:08:43 PM PDT by Monty22002
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To: Monty22002
Full time students should not be considered ‘unemployed’ no matter the source of their income.

Students loans are just another form of welfare as long as the government is subsidizing them. Along with unemployment we need a number for "non-productive, able-bodied" citizens who are on the dole, be it welfare, food stamps or student loans.

25 posted on 09/14/2012 5:14:44 PM PDT by JediJones (KARL ROVE: "And remember, this year, no one is seriously talking about ending abortion.")
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To: JediJones

Well look in a mirror on that for a few years.


26 posted on 09/14/2012 5:36:59 PM PDT by Monty22002
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