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Record 88,921,000 Americans ‘Not in Labor Force’—119,000 Fewer Employed in August Than July
cnsnews.com ^

Posted on 09/07/2012 7:15:35 AM PDT by tsowellfan

The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.

The Labor Department counts a person as not in the civilian labor force if they are...

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: change; jobs; obama; recession

1 posted on 09/07/2012 7:15:39 AM PDT by tsowellfan
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To: tsowellfan

Hope and Change! And Obama and the Dems think we need to continue down the same road.


2 posted on 09/07/2012 7:17:51 AM PDT by From The Deer Stand
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To: tsowellfan

Well, that explains why Øbama’s speech was subdued last night: he knew the numbers were going to come in bad.


3 posted on 09/07/2012 7:18:33 AM PDT by Darteaus94025
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To: Darteaus94025

but they look good.


4 posted on 09/07/2012 7:20:39 AM PDT by MNDude ( Victimhood is the Holy Grail of liberalism)
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To: tsowellfan

So, we LOST 119,000 jobs in August and the unemployment rate went DOWN? This is insanity.


5 posted on 09/07/2012 7:34:14 AM PDT by circlecity
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To: tsowellfan

they always post the number of people leaving the workforce

I would like to find out how many retirees that includes
all my POS legeral friends say the number leaving is mostly people retiring


6 posted on 09/07/2012 7:35:06 AM PDT by RWGinger (Simpl)
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To: tsowellfan

Record 88,921,000 Americans ‘Not in Labor Force’

This is a tragedy.

7 posted on 09/07/2012 7:35:13 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: circlecity

It’s called mythematics.


8 posted on 09/07/2012 7:38:05 AM PDT by ComputerGuy (HM2/USN M/3/3 Marines RVN 66-67)
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To: tsowellfan

If only one person has a job and everyone else has “left the labor force,” according to this bunch of Marxists, we will have 0% unemployment. Happy days are here again!

Only a total moron can’t see through these fraudulent employment numbers.


9 posted on 09/07/2012 7:48:33 AM PDT by txrefugee
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To: tsowellfan

So THAT’s how lefties lower unemployment!


10 posted on 09/07/2012 7:51:37 AM PDT by relictele
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To: tsowellfan

I understand why the labor participation rate can make the U3 index go down even while the job market gets worse. But my question is.... “Does anybody remember this phenomenon occurring in any previous administration”? Were there times in the Bush administration when the unemployment rate went the opposite direction of job market? Anybody remember?


11 posted on 09/07/2012 7:53:34 AM PDT by AaronInCarolina
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To: tsowellfan

If the Roosevelt Administration had cooked the books like the Bureau of Labor Statistics (BLS) does today we would not speak of the GREAT DEPRESSION OF THE 1930s.*

Tried to check the BLS “U-6,” which provides a more complete tally of how many people really are out of work... received a message that it was not available....very convenient for the regime, no?

*http://www.harpers.org/archive/2008/05/0082023


12 posted on 09/07/2012 7:56:57 AM PDT by BilLies
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To: AaronInCarolina
“Does anybody remember this phenomenon occurring in any previous administration”?

I think you will find that most of those on unemployment who were looking for work found a job before their unemployment expired under previous recent Presidents.

13 posted on 09/07/2012 7:57:31 AM PDT by tsowellfan (Voting for Obama/Biden is like purposely swallowing two tapeworms)
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To: tsowellfan

Any idea how many new “disability” claims were posted last month?


14 posted on 09/07/2012 8:03:52 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: tsowellfan

I took a look at the BLS numbers... and other than the “unemployment drops to 8.1%” lede, it’s uniformly bad news.

Population grew by 212,000 people, but the labor force dropped by 368,000 people. If we assume that ~60% of the population normally participates in the labor force, that’s more like a -495,000 drop in labor force size.

The number of people employed was down by 119,000.

The number of unemployed went down by 250,000, but that’s less than the total loss in workforce size. So, the entire reduction can be laid as a result of a drop in the number of people in the workforce, and that still left another almost 120,000 people out of work.


15 posted on 09/07/2012 8:05:22 AM PDT by kevkrom (Those in a rush to trample the Constitution seem to forget that it is the source of their authority.)
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To: tsowellfan

BUSHES FAULT!!! SARC!


16 posted on 09/07/2012 8:10:16 AM PDT by crazydad (-` sd)
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To: circlecity
This is insanity.

It is corruption and lying. If someone believes the lower unemployment rate after seeing all the data, that is insanity.
17 posted on 09/07/2012 8:19:33 AM PDT by AD from SpringBay (We deserve the government we allow.)
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To: tsowellfan

The should be the msm headline. Lowest total working since the 70s. Turn msnbc and cnbc and it’s party time. Percent went down, nothing about all those not working. “great news”. “markets are doing great”. Nothing about net job loss. At least CNN and Fox are getting it right.


18 posted on 09/07/2012 8:30:11 AM PDT by commonguymd (New media has not replaced the MSM. It has emboldened it. twitter @commonguymd)
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To: commonguymd
Turn msnbc and cnbc and it’s party time

NBC will never turn on Obama. They pay no taxes. I consider them an Obama SuperPAC.

19 posted on 09/07/2012 8:34:08 AM PDT by tsowellfan (Voting for Obama/Biden is like purposely swallowing two tapeworms)
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To: RWGinger
The number leaving the workforce by gaining disability status is at record highs. Retirement is one thing but many of those old 99ers(remember them?) are giving up and seeking disability, often for "depression."

A month or two ago the numbers showed that more went on disability than jobs were created. This follows a pattern btw that was rampant in western Europe a decade or two ago. I think it was Holland or maybe Denmark, that hit 20% disabled at one point.

20 posted on 09/07/2012 9:15:47 AM PDT by hinckley buzzard
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To: hinckley buzzard

There should be a “U7” unemployment index (if there isn’t already one) which also include those recently moved into SS Disability. Now THAT would be an accurate measure of unemployment. As long as the Obama administration can shovel large amount of people from the unemployment line to SS Disability, the unemployment rate will never tell the true picture.


21 posted on 09/07/2012 10:36:06 AM PDT by AaronInCarolina
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To: RWGinger

Info on that at CNN, of all places!:

http://money.cnn.com/2012/09/07/news/economy/young-adults-jobs/index.html?iid=H_E_News

The biggest change this report was from young people dropping out.


22 posted on 09/07/2012 11:22:28 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: mrsmith

Wow
thanks for the info

That probably means the “ young “ people are sponging off their parents AND the taxpayer
which really makes the future of our country look pretty bleak

It is true the jobs creatd are in the service industry but there is NOTHING wrong with working there and then moving up.

I also read that the number they use for “ dropping out” is ONLY employment age

The unemployment is much much worse than is published


23 posted on 09/07/2012 11:32:05 AM PDT by RWGinger (Simpl)
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To: RWGinger

Imagine being in your young twenties and this, Obama’s job market and welfare, is all you’ve ever seen!

I can imagine what that has done to their hopes and spirit.


24 posted on 09/07/2012 11:46:03 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: tsowellfan
We need a FR contest to predict next month's unemployment report just ahead of the election -- how far below 8% the data manipulators will drive it.

My guess is that no matter what, the rate will be reported at 7.98%.

25 posted on 09/07/2012 11:55:16 AM PDT by glennaro
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To: tsowellfan

I wish I knew how to ‘run the numbers’ on this 89 million people out of work and how that equates to the billions of dollars our economy needs right now. From the taxes these individuals would pay, to the companies they work for, to the government fee’s and permits corperations would be paying....


26 posted on 09/07/2012 11:58:40 AM PDT by EBH (Courage, Trust, Sacred Honor, Truth, Freedom)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks tsowellfan.

Partisan Media Shills ping — I was in a public place, and the owner had the TV blaring the “news”. The party-line talking-points media shill op-ed’ed his way through a song and dance about how the new jobs report undermined the perception of Zero’s overall performance in office, since he’s really just stoked the economy and created zillions of great jobs.

What a bunch of lying spin-doctoring a-holes.


27 posted on 09/08/2012 11:17:47 AM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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