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  • Obama Economist Canít Spin Trump Jobs Data

    03/21/2017 7:07:49 AM PDT · by Academiadotorg · 1 replies
    Accuracy in Academia ^ | March 21, 2017 | Malcolm A. Kline
    Lisa D. Cook, a Michigan State economist who served on President Obama's Council of Economic Advisors (CEA), took sharp aim at her old boss's successor in an appearance at the Center for American Progress (CAP) on March 15, 2017. "I was waiting to see what they did when the first jobs report came out," she said at CAP. "They embraced it." She went on to claim that "during the campaign, she was horrified that Bureau of Labor Statistics statisticians were under attack." Actually, one thing she did not do was to compare the numbers in the latest jobs report with...
  • President Trump's budget director claims the Obama administration was "manipulating" jobs data.

    03/13/2017 8:11:47 AM PDT · by ColdOne · 29 replies
    moneycnn.com ^ | 3/12/17 | Jill Disis
    Mick Mulvaney told CNN's Jake Tapper on Sunday that he has long thought the previous administration framed data to make the unemployment rate "look smaller than it actually was." "What you should really look at is the number of jobs created," Mulvaney said on "State of the Union." "We've thought for a long time, I did, that the Obama administration was manipulating the numbers, in terms of the number of people in the workforce, to make the unemployment rate -- that percentage rate -- look smaller than it actually was."
  • Americans Flood Back Into The Labor Force Under Trump

    03/10/2017 7:59:24 AM PST · by cutty · 10 replies
    Zero Hedge ^ | Mar 10, 2017 | Tyler Durden
    It appears that the "animal spirits" unleashed by President Trump are not contained to the stock market: according to the BLS, one of the most notable observations to emerge from the February (and January) jobs reports is that the number of Americans no longer in the labor force plunged since December, declining by 736,000 in January (to a modest extent due to a data revision) and a further 176,000 in February to 94,190K. The combined two-month addition of 912,000 was the biggest drop in the "not in labor force" series on record. ... The 94,19 million people who are considered...
  • Unemployment rate tumbles to 4.6%, lowest since August 2007 [#fakenews]

    12/02/2016 7:26:58 AM PST · by Olog-hai · 33 replies
    Yahoo Finance ^ | 12/02/2016 | Sam Ro
    In a stunning development, the Bureau of Labor Statistics just revealed that the US unemployment rate unexpectedly dropped to 4.6% in November. This is the lowest level since August 2007. Economists were expecting the rate to be unchanged from Octoberís 4.9%. ďThe trend in employment growth remains more than strong enough to keep the unemployment rate trending down,Ē Jim OíSullivan, of High Frequency Economics, said. 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....
  • BLS: Employed Up 67,000 in June; Unemployed Up 347,000

    07/08/2016 11:48:06 AM PDT · by Nachum · 16 replies
    CNS News ^ | 7/8/16 | Susan Jones
    (CNSNews.com) - The civilian labor force expanded in June, adding 414,000 people, the Bureau of Labor Statistics reported today. The number of employed people increased by 67,000 to 151,097,000 in June, but the number of unemployed people increased even more, by 347,000 to 7,783,000. The unemployment rate ticked up two-tenths of a point to 4.9 percent. BLS said 94,517,000 Americans were not in the labor force in June, a slight improvement from May's record 94,708,000; and after dropping for three straight months, the labor force participation rate increased a tenth of a point to 62.7 percent in June. In September...
  • VANITY: When did the government begin separating unemployment into 6 categories, U1 through U6?

    05/02/2016 8:53:11 AM PDT · by RavenATB · 24 replies
    none
    I'm in a discussion about unemployment, and my "opponent" just declared that U3 Unemployment calculation has been the official measurement of unemployment for every president. Obviously, that's ridiculously wrong. But I was looking for a data point to help me drive that fact home, and I can't seem to find anything specific on when the US government began separating unemployment calculation into six categories, U1-U6, and specifically when the U3/U6 categories were established and first used. Do any of you have any information on this, and can you provide a source link? Thank you.
  • Is There A Problem With The BLS Employment Reports?

    <p>Yes, there has definitely been an improvement in the labor market since the financial crisis. I am not arguing that point.†The financial markets, investors, and analysts eagerly anticipate the release of the employment report each month while the Federal Reserve has staked its monetary policy actions on them as well.</p>
  • Social Security Administration Beneficiaries Top 60,000,000

    03/19/2016 6:14:19 AM PDT · by george76 · 62 replies
    CNS News ^ | March 18, 2016 | Terence P. Jeffrey
    The number of people receiving benefits from the Social Security Administration topped 60,000,000 for the first time at the beginning of 2016. ... The total number of beneficiaries includes retired workers and their dependents, survivors of deceased workers, and disabled workers and their dependents. ... In February, there were 151,074,000 people employed in either full or part-time jobs in the United States, according to the Bureau of Labor Statistics ... There were 123,206,000 people employed full-time in February, according to BLSís seasonally adjusted numbers. That equals approximately 2.05 full-time workers per each beneficiary of the Social Security Administration. ... The...
  • What jobs? BLS says 665,000 job LOSSES

    02/05/2016 9:41:02 AM PST · by Enlightened1 · 34 replies
    Washington Examiner ^ | 02/05/16 | Paul Bedard
    New Bureau of Labor Statistics shows that there were 665,000 jobs lost in January, a blunt finding that confuses the heralded report that 151,000 jobs were created in January in non-farm payrolls. But who got them? The very same BLS finds that jobs to "native born" and immigrant workers dropped. Ditto for men and women. It is possible that many employees took on a second job, according to analysts. But a difference of 816,000 is too big, one said. Same for the differences in the two surveys the BLS uses to gauge jobs, household data from the Current Population Survey,...
  • The Big Lie: 5.6% Unemployment

    01/01/2016 3:22:23 PM PST · by GilGil · 24 replies
    Gallup ^ | 2/3/2015 | Jim Clifton
    Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market. None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job -- if you are so hopelessly out of work that you've stopped looking over the past four weeks -- the Department...
  • Labor Day, the Day to Honor the Bureau of Labor Statistics!

    09/07/2015 9:15:08 AM PDT · by expat_panama · 28 replies
    Weekly investment & finance thread | Sep 7, 2015 | Freeper Investors
    Labor Day, the Day to Honor the Bureau of Labor Statistics! ---especially their wonderful Headline Unemployment Rate!I mean, ain't Democrats great when it comes to jobs?† Like the record in this case really speaks for itself the way first Clinton saves us from the horrible Reagan/Bush Era-of-Greed w/ its way over average unemployment and lowered it by 3 (count 'em) points!† Sadly, even though Gore was elected Bush junior got selected and he promptly soared unemployment up four agonizing points until His Holiness descended to earth and lowered it back down.† Facts are facts and it's all there in the...
  • Compare current president and past presidents using federal government economic data.

    03/08/2015 9:27:20 PM PDT · by WilliamofCarmichael · 20 replies
    Federal government agencies ^ | Marrch 8, 2015 | WilliamofCarmichael
    The table that I assembled is in response to vague references that we see and hear like "the BLS said", "the WSJ said", "radio/TV/Blog/column said" . . . the table has links directly to the original data. It's too large to post repeatedly on threads though I do hope to keep it current quarterly (with annualized data) until Election 2016. And change/add columns as needed.
  • Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%

    07/03/2015 5:50:41 AM PDT · by TurboZamboni · 21 replies
    CNS ^ | 7-2-15 | Ali Meyer
    CNSNews.com) - A record 93,626,000 Americans 16 or older did not participate in the nationís labor force in June, as the labor force participation rate dropped to 62.6 percent, a 38-year low, according to the Bureau of Labor Statistics. In June, according to BLS, the nationís civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 250,663,000. Of those, 157,037,000 participated in the labor force by either holding a job or actively seeking one. The 157,037,000 who participated in the labor force equaled only 62.6 percent of the 250,663,000 civilian...
  • Payroll Stats Become Even More Implausible: The Job Numbers Literally Do Not Add Up

    06/05/2015 1:23:53 PM PDT · by SeekAndFind · 18 replies
    Alhambra Investment Partners ^ | 06/05/2015 | Jeff Snider
    Payroll Stats Become Even More ImplausibleSince Q1 GDP was revised lower by almost 1% that meant estimates of productivity were going to be even more out of alignment than they were at the first release. Of course, in a less massaged environment productivity might have preserved some sense if there was less rigidity from the BLS on the employment side. In other words, when ďoutputĒ estimates were reduced (and they were, by more than GDP) it would make sense that everything would be revised downward in a more cohesive process. Instead, output was reduced significantly, by 1.4%, while total hours...
  • Steve Wynn: Economic recovery Ďpure fictioní

    05/06/2015 9:08:05 AM PDT · by Red Badger · 7 replies
    WND - FWIW ^ | 05-06-2015 | Leo Hohmann
    One of Americaís most astute businessmen, known for having expanded the Las Vegas strip of resort hotels and casinos in the 1990s, says the U.S. remains mired in an economic funk and any talk of a broad recovery is ďpure fiction. A lie.Ē Steve Wynn, the 73-year-old founder and CEO of Wynn Resorts, made the comments in a televised interview with Jon Ralston of PBSí ďRalston Live.Ē He opened the Wynn Hotel and casino in Macao, China, in 2006, and is known as an international gaming and casino magnate. Wynnís Macao operation recently reported a 28 percent quarterly loss in...
  • Unemployment Lower, Not Working At Record High

    03/07/2015 7:02:02 AM PST · by TurboZamboni · 15 replies
    WIBW ^ | 3-6-15 | CNNMoney/WIBW
    NEW YORK (CNNMoney/WIBW) -- There is good news, but there are still serious concerns because only 123,000 of those jobs were full time. Analysis will be found at the bottom of the story and in attached government reports. Officials claim that the U.S. economy added 295,000 jobs in February, which crushed expectations. That beat the estimate from CNNMoney's survey of economists, who predicted 235,000 job gains.
  • After 2 historic months of jobs growth, Illinois still lagging

    02/05/2015 8:17:17 PM PST · by george76 · 8 replies
    Illinois Policy ^ | February 3 2015 | Michael Lucci
    Illinois still lays claim to the worst recession recovery in the nation. According to the BLS household survey, there are still 216,000 fewer Illinoisans working than when the Great Recession began, the worst of any state and one of only 22 states that still have fewer people working than when the recession started. .... The business-establishment survey for the 2008-2014 period shows 114,000 fewer payroll jobs in Illinois than when the recession began, the second-worst record of any state, and one of only 15 states yet to break even on the recession. Only New Jersey is down more payroll jobs....
  • Record 92,898,000 Americans Not In The Workforce

    01/10/2015 9:02:10 AM PST · by BenLurkin · 58 replies
    breitbart.com ^ | January 9, 2015
    A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics. The BLS defines people not in the work force as people 16 years and up who are not employed and havenít ďmade specific efforts to find employment sometime during the 4-week period ending with the reference week.Ē The labor force participation rate ó or the ďThe labor force as a percent of the civilian noninstitutional populationĒ ó also dipped back down to 62.7 percent, from 62.9 percent in November.
  • Something Stinks Inside The BLS Jobs Data

    12/07/2014 3:42:58 PM PST · by SeekAndFind · 12 replies
    Alhambra Investment Partners via Zero Hedge ^ | 12/07/2014 | Jeffrey Snider, via Alhambra Investment Partners,
    Submitted by Jeffrey Snider, via Alhambra Investment Partners,The juxtaposition could not be more fitting with all that is transpiring at this moment in economic history. On Monday, the headlines were filled with, Black Friday Fizzles as Sales Tumble 11% and ‚ÄėBlack Friday‚Äô Fades as Weekend Retail Sinks 11%. Then the ‚Äúemployment‚ÄĚ report comes out and now the headlines are, More Jobs and Higher Wages: U.S. Recovery Starts to Hit Home and Hiring Surge Gives U.S. Expansion a Lift Into 2015. The problem is one of mutual exclusivity as both narratives are totally inconsistent with each other even when factoring...
  • Giving up: 40% women, 28% men, 39% youth don't want a job

    11/14/2014 7:28:35 AM PST · by george76 · 56 replies
    Washington Examiner ^ | November 14, 2014 | Paul Bedard
    Nearly four in 10 Americans, or 92 million, are not in the labor force and now thereís a reason why: They have simply given up and donít want to work. According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who donít want a job, a remarkable statement on the nationís work ethic. The federal job counter said that 85.9 million adults last month didnít want a job, or 93 percent of all adults not in the labor force. ... Pew said that 39 percent of 16- to 24-year-olds donít want...