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Unemployment rate falls to 5.6 percent as U.S. gains 252,000 jobs
Columbus Dispatch ^ | 01/09/2015

Posted on 01/09/2015 8:03:17 AM PST by SeekAndFind

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To: SeekAndFind

http://www.zerohedge.com/news/2015-01-09/labor-participation-rate-drops-fresh-38-year-low-record-929-million-americans-not-la


21 posted on 01/09/2015 8:39:57 AM PST by tje
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To: SeekAndFind

Unemployment rate fell only 93,000,000 people out of work more great Obama change.


22 posted on 01/09/2015 8:40:07 AM PST by Vaduz
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To: SeekAndFind

Just wait until the oil field workers are added to those numbers.


23 posted on 01/09/2015 8:45:28 AM PST by bgill (CDC site, "we still do not know exactly how people are infected with Ebola")
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To: SeekAndFind

I can’t imagine why people feel insecure about the economy with unemployment at only 5.6% - except for the little detail that so many millions have lost their jobs and been unemployed so long that they no longer count, and the bonus detail that all added jobs in the past five years have gone to illegal immigrants (fewer employed Americans than before the communist seized power on January 20, 2009).


24 posted on 01/09/2015 8:46:03 AM PST by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: SeekAndFind

It’s like reading the old Pravda. You know it’s nothing but BS.


25 posted on 01/09/2015 9:22:19 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: blueunicorn6
It’s like reading the old Pravda. You know it’s nothing but BS.

Correct. And these days Pravda is more reliable than anything coming out of the 0bama propaganda ministry.

26 posted on 01/09/2015 9:28:43 AM PST by The Sons of Liberty (OK. Now How many votes do we need to IMPEACH and REMOVE the bastard?)
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To: tje

Yes, from the Zero Hedge link you provided, Here’s the right way to look at the unemployment rate (if we are realistic ):

In December, the civilian non-institutional population was 249,027,000 according to BLS. Of that 249,027,000, 156,129,000—or 62.7 percent—participated in the labor force, meaning they either had or job or had actively sought one in the last four weeks.

Of the 156,129,000 who did participate in the labor force, 147,442,000 had a job and 8,688,000 did not have a job but actively sought one. Those 8,688,000 are the unemployed. They equaled 5.6 percent of the labor force—or an unemployment rate of 5.6 percent (which was down from the 5.8 percent unemployment rate in November).

However, a record 92,898,000 Americans 16 and older DID NOT participate in the labor force in December 2014, as the labor force participation rate dropped to 62.7 percent.

That’s 456,000 more than the 92,442,000 Americans who did not participate in November 2014.


27 posted on 01/09/2015 10:25:10 AM PST by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: tje

Also, we can get a glimpse of the NATURE of the job market from this -— the average workweek for all employees on private nonfarm payrolls was unchanged at 34.6 hours in December.

The manufacturing workweek edged down by 0.1 hour to 41.0 hours, and factory overtime edged up by 0.1 hour to 3.6 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls edged up by 0.1 hour to 33.9 hours.

In December, average hourly earnings for all employees on private nonfarm payrolls decreased by 5 cents to $24.57, following an increase of 6 cents in November. Over the year, average hourly earnings have risen by 1.7 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees decreased by 6 cents to $20.68.

That’s a bit of a puzzle, and not a good one. Either the competition for jobs is still far too sharp to push wages up, or businesses are having to compensate for higher costs by delaying compensation increases.

According to the Household data, the US economy added an average of 231,000 jobs in 2014, well above the level needed to keep up with population growth but not exactly sufficient to make significant inroads into the ranks of the chronically unemployed. Those idled workers may be suppressing wage growth and making it difficult for workers to turn the market to their advantage. We will need higher levels of job creation to overcome that handicap, and so far we still are waiting for the real expansion in jobs to begin.


28 posted on 01/09/2015 10:36:51 AM PST by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: blueunicorn6

In a nutshell, here’s how the BLS is counting the unemployed:

QUESTION: Are you employed?

Answer: No

QUESTION: Are you actively looking for a job?

Answer Yes.

Questioner counts the interviewee as among the unemployed.

Next....

QUESTION: Are you employed?

Answer: No

QUESTION: Are you actively looking for a job?

Answer No.

Questioner puts the interviewee in a different category and BLS DOES NOT include him in the official unemployment rate.

Regardless of what it is, if you don’t have a job, you don’t have a job, whether the BLS counts you or not.


29 posted on 01/09/2015 10:44:15 AM PST by SeekAndFind (If at first you don't succeed, put it out for beta test.)
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To: SeekAndFind

This is all such a big lie.

We have nearly 100 million able bodied people out of work.

5.8%?

Here they tout 250,000 new jobs. I guess they aren’t aware that it takes something like 300,000 to barely keep up with the increasing numbers of workers that become available each month due to their age.

Another-words, we’re creating 50,000 new unemployed able bodied people each month. Now there’s something to crow about. /s

People who read the news and take it at face value have no idea what is really taking place in this nation.

We are in a depression. All the happy talk won’t change that.

Our economy limps along. It could be exploding. Obama, Congress, they’re clueless wonders.


30 posted on 01/09/2015 11:43:25 AM PST by DoughtyOne (The question is Jeb Bush. The answer is NO!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
Thanks DJ MacWoW for posting this:

More politically incorrect Halloween costumes | Posted on 10/28/2011 5:01:04 PM PDT by Keltik | 12 posted on 10/28/2011 5:47:30 PM PDT by DJ MacWoW

31 posted on 01/10/2015 5:41:08 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: SeekAndFind

Oh Happy Days are here again!!! /sarc


32 posted on 01/10/2015 6:23:09 AM PST by xp38
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