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Reason For Today's Unemployment Rate Plunge: Part-Time Jobs Surge
ZeroHedge ^ | 10/5/2012 | Tyler Durden

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 ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Politics/Elections
KEYWORDS: magicnumbers; obanomics; unemployment
Another take on today's rather suprising numbers.

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

1 posted on 10/05/2012 10:27:19 AM PDT by mojito
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To: mojito

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.


2 posted on 10/05/2012 10:29:37 AM PDT by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: mojito

Yup, a part-time employment “recovery.”

And since July 2010, more people have gone on disability than have dropped off of unemployment.

Charts here:

http://confoundedinterest.wordpress.com/2012/10/05/vas-is-das-u3-unemployment-falls-to-7-8-but-u6-unemployment-remains-at-14-7/


3 posted on 10/05/2012 10:30:05 AM PDT by whitedog57
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To: mojito

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.


4 posted on 10/05/2012 10:30:40 AM PDT by Gaffer
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To: mojito

My daughter’s boyfriend was looking for a job and just got a part-time seasonal job. Guess he helped Obama’s numbers.


5 posted on 10/05/2012 10:31:20 AM PDT by ilovesarah2012
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To: mojito
Reason for unemployment plunge?...
6 posted on 10/05/2012 10:31:20 AM PDT by AngelesCrestHighway
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To: AngelesCrestHighway

The unemployment rate is down because the suicide rate is up.


7 posted on 10/05/2012 10:34:09 AM PDT by goron (Obama Gave Me a Free Phone!)
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To: mojito

8 posted on 10/05/2012 10:36:29 AM PDT by SparkyBass
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To: mojito

9 posted on 10/05/2012 10:38:17 AM PDT by KeyLargo
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To: mojito

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.


10 posted on 10/05/2012 10:41:19 AM PDT by Buckeye McFrog
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To: mojito
Photobucket

LOL! And I'm sure they'll lower it again to 6.3% due to the rise in coal stock prices, or for some other bogus reason, come the 2nd presidential debate.
11 posted on 10/05/2012 10:42:10 AM PDT by hawaiianninja (Palm note to self: Work for a successful 2012! +Throw the liberal garbage out!)
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To: KeyLargo


12 posted on 10/05/2012 10:43:34 AM PDT by Iron Munro (Obamaspeak: An army of pompous phrases marching across the landscape in search of an idea.)
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To: mojito
I used to use government statistics regularly in my consulting practice. Now I know they can no longer be trusted. If they're faking the unemployment statistics and the CPI, I have to wonder what else they're faking.
13 posted on 10/05/2012 10:45:56 AM PDT by JoeFromSidney ( New book: RESISTANCE TO TYRANNY. Buy from Amazon.)
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To: Iron Munro

14 posted on 10/05/2012 10:49:36 AM PDT by KeyLargo
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To: mojito

Christmas hiring, its temporary. 750 people are being laid off in the coal belt. Shhhhhhh.


15 posted on 10/05/2012 10:49:36 AM PDT by Bringbackthedraft (Who we elect is not as important as who they bring in with them.)
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To: mojito

Actually, there should be less part time jobs what with summer jobs being phased out.


16 posted on 10/05/2012 10:49:45 AM PDT by bgill
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To: mojito

Perhaps they are all jobs with the campaigns?

Just kidding.

Kind of.


17 posted on 10/05/2012 10:50:49 AM PDT by NeoCaveman ("If I had a son he'd look like B.O.'s lunch" - Rin Tin Tin)
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To: mojito

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


18 posted on 10/05/2012 10:54:14 AM PDT by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: mojito

Post title is inaccurate...we all know the REASON the numbers are what they are today.


19 posted on 10/05/2012 10:59:58 AM PDT by IrishPennant (Are you behind a "Blade of Grass?")
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To: mojito

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.


20 posted on 10/05/2012 11:01:36 AM PDT by LauraJean (sometimes I win sometimes I donate to the equine benevolent society)
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To: SparkyBass

21 posted on 10/05/2012 11:05:00 AM PDT by KeyLargo
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To: mojito

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.


22 posted on 10/05/2012 11:11:00 AM PDT by nhwingut (Sarah Palin 12... No One Else)
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To: bgill
That will be the downward adjustment made November 7th.
23 posted on 10/05/2012 11:17:06 AM PDT by gov_bean_ counter (ObamaCare is an assault on the unborn, infirmed and elderly. GOP, repeat this as necessary...)
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To: mojito

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.


24 posted on 10/05/2012 2:39:47 PM PDT by RightGuy
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To: mojito
This is criminal fraud , an October surprise and the media keeps reporting it as truth.This is lies from Obama ‘s corrupt government. Obama’s government agency
magically found biggest number of jobs in 29 years, almost 900,000 jobs to lower the unemployment rate by redefining what is a job or who is working:

Total employment ‘highest one-month jump in 29 years’...

http://newsbusters.org/blogs/noel-sheppard/2012/10/05/number-employed-people-rises-873000-september-highest-december-2008

BLS economists donate to Obama campaign...
http://freebeacon.com/meet-the-obama-donors-at-the-bls/

25 posted on 10/05/2012 2:47:01 PM PDT by Democrat_media (China is destroying all our jobs and manufacturing ability. China makes everything.)
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To: Buckeye McFrog

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.


26 posted on 10/05/2012 9:49:38 PM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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To: bgill

Employers are hiring ONLY part time people now due to ZeroCare rules coming into effect.


27 posted on 10/05/2012 9:50:48 PM PDT by AFPhys ((Praying for our troops, our citizens, that the Bible and Freedom become basis of the US law again))
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