Skip to comments.Reason For Today's Unemployment Rate Plunge: Part-Time Jobs Surge
Posted on 10/05/2012 10:27:15 AM PDT by mojito
We already noted the absolutely stunning surge in reported Household Survey jobs which "added" 873,000 jobs, or the most since 2003 and the second most in the past decade, which was just a little bit off the Household Survey used in the monthly NFP jobs changes, which came at 114,000, or about 8 times less. But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons soared by 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009....
(Excerpt) Read more at zerohedge.com ...
Title was altered for space reasons.
Full title: Reason For Today's Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement
I have seen a surge of patients in my practice being approved for Social Security Disability. No doubt that 0bama has put the word out to the bureaucrats to approve as many applicants as possible in order to keep people off the workforce stats.
Yup, a part-time employment “recovery.”
And since July 2010, more people have gone on disability than have dropped off of unemployment.
Yeah...they took all that coerced semi-testimony from Walmart, Kohls, Macy’s et al about Christmas part-time hiring plans and extrapolated that to good paying full-time statistics to use before the election....
If this O’bastard is reelected, we won’t hear any more about his troublesome ‘unemployment’ mess any more.
My daughter’s boyfriend was looking for a job and just got a part-time seasonal job. Guess he helped Obama’s numbers.
The unemployment rate is down because the suicide rate is up.
I can’t disagree. Every burger joint and grocery store within eyeshot has the shingle out for part-time help. Likely can’t get minimum wage people now that Barry has waived the work requirement for welfare.
Christmas hiring, its temporary. 750 people are being laid off in the coal belt. Shhhhhhh.
Actually, there should be less part time jobs what with summer jobs being phased out.
Perhaps they are all jobs with the campaigns?
582,000? Try 953,000
Part time for economic reasons +582
Slack work or business conditions +306
Could only find part-time work +65
Part time for noneconomic reasons -260
Post title is inaccurate...we all know the REASON the numbers are what they are today.
I was working part-time at a library. My library director asked if I was a “part time person”. I answered, “No, I’m a person all the time. But I work here part time.”
Yes, I did keep my job.
Doesn’t matter. All the networks are reporting as if Obama surrogates.
Even the news readers between Rush Limbaugh breaks are pure propaganda.
We will be putting up with this for the next 4 weeks. Any time Romney has a good day, the media and the Obama regime will make sure something happens to change narrative.
The unemployment rate announced today is supposedly based on phone calls to households, some 60,000 to be exact. That, and that alone, is what accounted for the so-called uptick in part-time jobs.
Yet, the business survey of 140,000 businesses conducted during the same period resulted in numbers being unchanged from the previous survey.
What’s more, the number of new jobs remained unchanged at 114,000 - same as last month.
Bottom-line, the BLS got the living L kicked out of it to come up with the bogus 7.8% in a desperate attempt to prop up chairboy.
Total employment ‘highest one-month jump in 29 years’...
BLS economists donate to Obama campaign...
There is NO WAY that employers are going to hire full time workers right now, with ZeroCare rules starting next year, unless it is repealed.
As far as possible, they are going to hire ONLY part-timers.
Employers are hiring ONLY part time people now due to ZeroCare rules coming into effect.