Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

Bogus numbers: they don’t count those whose unemployment compensation expires, usually after 26 weeks.

Really with that pukey jobs report? Must have had a lot of folks dropping out

ROTFL. Yeah, okay. Building Obonzo’s “legacy” are we?

If you believe that I have a large heavily trafficked bridge for sale across the East river. Cheap!

Fudge the numbers news.

They aren’t bogus, just don’t tell the whole story. Of the measures for unemployment the one which most clearly shows what is happening is the number of full time workers in mining, manufacturing and construction - the higher paying jobs.

We are still below the numbers for 2007.

Which one, the Roebling or the Moisseiff?

In a not-so stunning development, the Bureau of Labor Statistics lies once again about the unemployment data. They are setting Trump up. When his administration reports actual figures — which will invariably be higher than these bogus numbers — the fake media will proclaim that Trump has caused a recession.

This is the set up. Numbers after the first of jan will plummet and Trump will get the blame. They are making the end of Oboops numbers look great.

Here's what they don't tell you

Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month

So much for that much anticipated rebound in the participation rate.

After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October. This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.

As a result of this the US labor force shrank by 226,000 to 159,486K, down from 159,712K a month ago, and helped the unemployment rate tumble to 4.6%, the lowest level since August 2007.

Adding the number of unemployed workers to the people not in the labor force, there are now over 102.5 million Americans who are either unemployment or no longer looking for work.

Where The November Jobs Were: Accountants, Nurses, Waiters, Government And Part-Time Workers

Something remains very broken with the US labor market: while the unemployment rate just dropped to the lowest since August 2007, wage growth dropped as well and on a year over year basis, rose just 2.5%, far below the 3.8% it was when the unemployment rate last hit 4.7%. This continues to vex economists who have vowed that if only one lowers the unemployment rate far enough, all the slack in the labor market will be soaked up. Alas, that is not happening, for several reasons, the chief of which is that the quality of jobs added remains subpar, with wage growth - especially for less than "supervisory" and management positions - declining. Furthermore, as noted earlier, both part-time jobs and multiple jobholders have been surging in recent months, ostensibly as a result of Obamacare pressures.

Still, according to the BLS at least, some 178,000 seasonally adjusted jobs were added in November, arbitrarily goalseeked as they may have been. Where were they? Here is the answer:

The most actively hiring sector was "Professional and business services" where employment rose by 63,000 in November, with accounting and bookkeeping services adding 18,000 jobs. Employment continued to trend up in administrative and support services, (+36,000), computer systems design and related services (+5,000), and management and technical consulting services (+4,000).
Health care employment rose by 28,000 in November. Within the industry, employment growth occurred in ambulatory health care services, i.e. nurses (+22,000).
As expected, the "Waiter and bartender" recovery continued, with 18,900 "food service and drinking places" jobs added.
Employment in construction continued on its recent upward trend in November (+19,000), with a gain in residential specialty trade contractors (+15,000). Over the past 3 months, construction has added 59,000 jobs, largely in residential construction. What is odd is that typically these jobs are among the higher paying jobs, and yet the average hourly wage declined so this number seems out of place.
On the other end, manufacturing jobs declined again, dropping by 4,000 in November, following a 5,000 decline in October.
Also troubling, was the big drop in high-paying information jobs, which declined by 10,000, after another decline in October.
Surprisingly, retail trade also dropped by over 8,000, having declined in October, and suggesting that the "low hanging fruit" jobs are on their way out.
In what may be a good or bad sign, temp help jobs rose by 14,300, which can be seen as either positive - a precursor to more hiring - or negative as employers would rather hire part-time workers over full time.
Finally, government workers rounded off the month, by adding 22,000 workers in November, a jump from October's 7,000. With Trump as president, this trend will likely not continue.

The visual summary is below:

One thing I would love to see from a new Trump administration is an IMMEDIATE announcement of the true unemployment numbers, not the BS we’ve been fed for the past dozen years or more.

“My fellow Americans, the unemployment rate is the same today as it was when I took office the other day. But we are no longer failing to count those who have been discouraged from seeking work, those who are no longer eleigible for benefits or those who have been encouraged NOT to work because it’s easier to collect benefits. The true unemployment rate is (10-12-15%, whatever is the REAL number), not the 4.6% that they’ve been telling you. From now on you’ll be getting truthful figures.”

Of course the headlines on the evening news and in the papers next day will scream “UNEMPLOYMENT JUMPS FROM 4.6% TO 14.3% UNDER TRUMP”, fully exposing their lying agenda.

It’s going to take Trump’s people months to find and fix Obama’s Admin fake numbers

When the libs do this, it will be so blatantly obvious.....

Which is a pretty jolly cynical method. Because these people are in more dire straights. But, “we can’t hear you!”

One of the first acts of President Trump should be to fix the phony statistics pumped out by the Bureau of Labor Statistics. The 95 million out of work Americans should be reflected in that number. Then the numbers should be back-dated through the Obama years to reflect reality.

What happens when the Trump Administration refuses the Sept of Labor utilization of smoke and mirrors in the unemployment reports? What happens when the true unemployment numbers are reported?

SJW, the NeverTrumpers are setting up the Trump administration.

I’m stuned, I tell ya! Fantastical news!
But, isn’t homelessness going up now?
Ummm...

Some of this decline was due to the 446,000 Americans that dropped out of the labor force, which brought the labor force participation rate down to 62.7% during the month from 62.8% a month ago.

"yourmileagemayvary"