Posted on 10/05/2012 5:59:21 AM PDT by xzins
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Summary table A. Household data, seasonally adjusted [Numbers in thousands]
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| Category | Sept. 2011 |
July 2012 |
Aug. 2012 |
Sept. 2012 |
Change from: Aug. 2012- Sept. 2012 |
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Employment status |
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Civilian noninstitutional population |
240,071 | 243,354 | 243,566 | 243,772 | 206 |
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Civilian labor force |
154,004 | 155,013 | 154,645 | 155,063 | 418 |
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Participation rate |
64.1 | 63.7 | 63.5 | 63.6 | 0.1 |
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Employed |
140,107 | 142,220 | 142,101 | 142,974 | 873 |
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Employment-population ratio |
58.4 | 58.4 | 58.3 | 58.7 | 0.4 |
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Unemployed |
13,897 | 12,794 | 12,544 | 12,088 | -456 |
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Unemployment rate |
9.0 | 8.3 | 8.1 | 7.8 | -0.3 |
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Not in labor force |
86,067 | 88,340 | 88,921 | 88,710 | -211 |
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Unemployment rates |
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Total, 16 years and over |
9.0 | 8.3 | 8.1 | 7.8 | -0.3 |
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Adult men (20 years and over) |
8.7 | 7.7 | 7.6 | 7.3 | -0.3 |
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Adult women (20 years and over) |
8.1 | 7.5 | 7.3 | 7.0 | -0.3 |
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Teenagers (16 to 19 years) |
24.5 | 23.8 | 24.6 | 23.7 | -0.9 |
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White |
7.9 | 7.4 | 7.2 | 7.0 | -0.2 |
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Black or African American |
15.9 | 14.1 | 14.1 | 13.4 | -0.7 |
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Asian (not seasonally adjusted) |
7.8 | 6.2 | 5.9 | 4.8 | - |
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Hispanic or Latino ethnicity |
11.3 | 10.3 | 10.2 | 9.9 | -0.3 |
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Total, 25 years and over |
7.7 | 6.9 | 6.8 | 6.6 | -0.2 |
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Less than a high school diploma |
13.9 | 12.7 | 12.0 | 11.3 | -0.7 |
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High school graduates, no college |
9.6 | 8.7 | 8.8 | 8.7 | -0.1 |
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Some college or associate degree |
8.4 | 7.1 | 6.6 | 6.5 | -0.1 |
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Bachelor's degree and higher |
4.2 | 4.1 | 4.1 | 4.1 | 0.0 |
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Reason for unemployment |
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Job losers and persons who completed temporary jobs |
8,028 | 7,123 | 7,003 | 6,535 | -468 |
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Job leavers |
972 | 878 | 942 | 957 | 15 |
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Reentrants |
3,484 | 3,380 | 3,318 | 3,306 | -12 |
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New entrants |
1,323 | 1,311 | 1,277 | 1,247 | -30 |
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Duration of unemployment |
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Less than 5 weeks |
2,743 | 2,711 | 2,844 | 2,542 | -302 |
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5 to 14 weeks |
2,902 | 3,092 | 2,868 | 2,826 | -42 |
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15 to 26 weeks |
2,029 | 1,760 | 1,845 | 1,860 | 15 |
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27 weeks and over |
6,197 | 5,185 | 5,033 | 4,844 | -189 |
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Employed persons at work part time |
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Part time for economic reasons |
9,270 | 8,246 | 8,031 | 8,613 | 582 |
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Slack work or business conditions |
5,900 | 5,342 | 5,217 | 5,523 | 306 |
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Could only find part-time work |
2,844 | 2,576 | 2,507 | 2,572 | 65 |
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Part time for noneconomic reasons |
18,329 | 18,866 | 18,996 | 18,736 | -260 |
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Persons not in the labor force (not seasonally adjusted) |
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Marginally attached to the labor force |
2,511 | 2,529 | 2,561 | 2,517 | - |
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Discouraged workers |
1,037 | 852 | 844 | 802 | - |
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- Over-the-month changes are not displayed for not seasonally adjusted data. |
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The Part time numbers jumpped, has that definition changed.
Yahoo Finance (not exactly a conservative news source) comments are running about 10 to 1 identifying these numbers as complete fraud!
But all of these numbers are based upon reporting from many sources and also many estimates, so it would be very easy for “mistakes” to be made that would be corrected later. That’s very common in all these economic stats. Adjustments to initial GDP data are routine.
And it seems fairly early for major part-time hiring.
We’ll see what sort of year-to-date adjustments are made during December.
Has the definition changed? Not that I know of, but I do know that it’s the time of year when that happens. Halloween, Thanksgiving, Christmas, and Halloween is bigger than it ever has been, so they start holiday hiring sooner than they used to.
I heard the Meijer part-time hiring announcement on the radio yesterday, and sure enough the company has announced it’s tripling it’s part-time hiring this year. Others are following suit.
Obama’s team knew that had to happen, so with discouraged workers lowering the number of official unemployed and the part-timers increasing the number of employed, that UE number had to fall.
Why anyone can conclude that a person not looking for a job for 4 weeks warrants dropping him from the unemplooyment rolls altogether makes sense is beyond me, but that’s what they do.
He’s not “unemployed”....he’s “discouraged”.
(And in the meantime he’s not got a job.)
See #24. It’s not early. Our stores have been transitioning to Halloween/Thanksgiving/Christmas for a month now. Plus, Halloween has now become one of the largest holidays sales seasons...just keeps growing.
So, you’ve got back-to-school, halloween, thanksgiving, Christmas just happening to fall at election time.
As long as part-time jobs get counted as jobs, then a fall election is always going to be influenced by this kind of stuff.
If Christmas hiring got unemployment down to 7.8 THIS year why didn’t that happen last year? Or the year before that?
Soviet economic reports are more truthful.
Thesse are doctored surveys, jimmied models, and outright fabrication.
Soviet economic reports are more truthful.
These are doctored surveys, jimmied models, and outright fabrication.
114K new payroll jobs.
800K+ new household jobs.
The delta between payroll and household is supposed to be explained by self-employment and several other edge-case factors.
If you don’t think those add up, you are absolutely correct.
They sure as heck didn’t triple them last month for ‘the holidays’!
See #15. Adjustments to all these economic stats are routine. We’ll see what happens in the first few weeks after election day.
So have I. Lots of us saw it coming almost a year out.
I wonder if those who would pay attention to it and quote it will be fooled (unless they want to go along with the charade to boost their candidate).
Here’s an update from Hotair.
Feel free to post it here in Free Republic if you feel it’s useful info
http://hotair.com/archives/2012/10/05/jobs-report-114k-jobs-added-jobless-rate-7-8/
Those charts tell me they have been systematically and intentionally dropping people from the numbers starting in about 2010.
Look at the strong tendency at the 80,000 mark to stay there, and then the huge launch up to almost 90,000.
Somehow someone has manipulated policy to go from taking nearly 10 years to increase 10,000 not in the labor force to where it took only 2 years to raise an additional 10,000 not in the labor force.
Something’s rotten in Denmark.
This is officially a dictatorship.
We must do everything to get this POS communist peice of dung Obama out of office. Our lives , our freedom depend on it.
Do what you can , donate, volunteer to call voters to swing states even if you are in a red state.
http://www.ajc.com/news/business/alorica-hiring-600-temps-in-kennesaw/nSTgC/
The Atlanta Journal-Constitution - “Alorica, a customer management provider with operations in Kennesaw, said it will hire 600 seasonal workers by the end of November.
The full-time and part-time openings are for customer service representatives who will handle incoming calls......”
This will be thrown out in the next debate. This needs to be properly framed. It can be done in one sentence:
The 7.8% is the figure used to calculate those on unemployment compensation, not those out of work.
Question is, what is the percentage out of work, including those no longer eligible for or receiving unemployment compensation?
This statement and question will throw fubo to the wolves, and render him speechless....
“With Christmas still more than two months away, stores already are hauling out the holiday decorations — and staffing up for the holiday rush.
Most retailers already are hiring seasonal workers, and the rest are expected to start hiring by the middle of the month. For job seekers, that means a wealth of opportunities and the possibility of permanent employment after the holidays.
“Most of the organizations we work with are already thinking about (holiday hiring) and gearing up,” said Steve Grow, president of HR Dimensions. “Starting to look for positions in October isn’t too early at all.”
Kohl’s, for example, currently is filling seasonal positions at its distribution centers, and its stores and credit centers will begin hiring this month. The Wisconsin-based retailer will add about 41 seasonal employees per store, said Vicki Shamion, senior vice president of public relations, social marketing and community relations.
“Most jobs are filled by mid-November,” she said............
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