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Jobs creation in February twice what was expected. Unemployment drops
Posted: Mar 8, 2013
x
;
oh reeeeeaaaallllly? - Nice try
[ In Reply To ..]Nothing to back up your claim?
Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January
http://cnsnews.com/news/article/record-89304000-americans-not-labor-force-296000-fewer-employed-january
Liberals never tell you the whole story. LOL - LM
[ In Reply To ..]nm
And you do. :) Here's some more: 4 cents/hour rise in - wages, ALL-TIME RECORD business profits. Congrats!
[ In Reply To ..]Your leaders are getting what you supported all these years. Don't expect me to thank you now any more than I ever did, though.
sure we do - you just don't understand it
[ In Reply To ..]...you can lead a horse to water and all that.
really - really
[ In Reply To ..]From the article you cited:
"The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work."
I would love to know the number for retired on schedule or taken early retirement. I'll look that up later.
But fear not. Soon the hopes of some who hate anything good happening during this administration, aka hope for everything bad happening for American citizens will come to fruition if the sequester is played out in full.
Exactly. Especially with a rapidly aging population, the retirement numbers - are sure to get bigger and bigger. nm
[ In Reply To ..]nm
Retirement #s--yes, always more factors. But I'm the OP and also noticed this - crew wishing ill on the country. I never mentioned
[ In Reply To ..]Obama or the Democrats. Just the good news they auto-resent.
Drudge Misleadingly Hypes Almost 90 Million People Not Working - SM
[ In Reply To ..]Drudge Misleadingly Hypes Almost 90 Million People Not Working
Blog ››› 6 hours and 56 minutes ago ››› THOMAS BISHOP
51
The Drudge Report posted a misleading headline that claimed about 89 million people are not working, a number that actually represents all people not in the labor force, which includes people who are not currently looking for jobs.
A March 8 post on The Drudge Report linked to a CNSNews.com article titled "Record 89,304,000 Americans Not In Labor Force," discussing the Bureau of Labor Statistics' February jobs report that showed an unemployment rate of 7.7 percent, the lowest it has been since 2008. The article noted that the BLS defined people not in labor force as "people who have retired on schedule, taken early retirement, or simply given up looking for work." The Drudge Report highlighted the story with the headline:
In fact, the Bureau of Labor Statistics made clear that there is a distinct difference between people who are unemployed and those not in the labor force. According to its glossary of terms, "unemployed persons" (added link) referred to "persons aged 16 years or older who had not employment" but were available and looking for work. The BLS report found that about 12 million people were currently unemployed, lowering the U.S. unemployment rate to 7.7 percent. The report also showed those not in labor force to be 89,304,000, which, according to the BLS' definition, is a different designation than those unemployed . From the BLS glossary:
Not in the labor force (Current Population Survey)
Includes persons aged 16 years and older in the civilian noninstitutional population who are neither employed nor unemployed in accordance with the definitions contained in this glossary. Information is collected on their desire for and availability for work, job search activity in the prior year, and reasons for not currently searching.
Of course. :) Every report brings twisted interpretations - and falsification of statistics to refute it. nm
[ In Reply To ..]x
From you link there is this link - from BLS
[ In Reply To ..]I'm not seeing that number anywhere.
I wish your source would have given a direct link to the numbers they are citing.
something to back up the claim - -----
[ In Reply To ..]Household Survey Data
The
unemployment rate
edged down to 7.7 percent in February
but has shown little movement, on net,
since September 2012. The number of
unemployed persons
, at 12.0 million, also edged lower in
February. (See table A-1.)
Among the
major worker groups
, the unemployment rate for whites (6.8
percent) declined in February
while the rates for adult men (7.1 percent), adult wo
men (7.0 percent), teenagers (25.1 percent), blacks
(13.8 percent), and Hispanics (9.6 per
cent) showed little or no change. The jobless rate for Asians was
6.1 percent (not seasonally adjusted),
little changed from a year earlie
r. (See tables A-1, A-2, and A-3.)
-100
-50
0
50
100
150
200
250
300
350
400
F e b - 11 M a y- 11 A u g - 11 N o v - 11 F e b - 12 M a y- 12 A u g - 12 N o v - 12 F e b - 13
Thousands
Chart 2. Nonfarm payroll employment over-the-month
change, seasonally adjusted, February 2011 –
February 2013
Percent
6.0
7.0
8.0
9.0
10.0
F e b - 11 M a y- 11 A u g - 11 N o v - 11 F e b - 12 M a y- 12 A u g - 12 N o v - 12 F e b - 13
Chart 1. Unemployment rate, seasonally adjusted,
February 2011 – February 2013
- 2 -
In February, the number of
long-term unemployed
(those jobless for 27 weeks or more) was about
unchanged at 4.8 million. These individuals account
ed for 40.2 percent of the unemployed. (See
table A-12.)
The
employment-population ratio
held at 58.6 percent in February. The
civilian labor force
participation rate
, at 63.5 percent, change
d little. (See table A-1.)
The number of persons employed
part time for economic reasons
, at 8.0 million, was essentially
unchanged in February. These individuals were worki
ng part time because their hours had been cut back
or because they were unable to find a full-time job. (See table A-8.)
In February, 2.6 million persons were
marginally attached to the labor force
, the same as a year
earlier. (The data are not seasonally
adjusted.) These individuals were no
t in the labor force, wanted and
were available for work, and had looked for a job sometime in the prior 12 months. They were not
counted as unemployed because they had not search
ed for work in the 4 weeks preceding the survey.
(See table A-16.)
Among the marginally attached, there were 885,000
discouraged workers
in February, down slightly
from a year earlier. (These data are not seasonall
y adjusted.) Discouraged workers are persons not
currently looking for work because they believe
no jobs are available for them. The remaining 1.7
million persons marginally attached to the labor for
ce in February had not searched for work in the 4
weeks preceding the survey for reasons
such as school attendance or fa
mily responsibilities. (See table
A-16.)
Establishment Survey Data
Total
nonfarm payroll employment
increased by 236,000 in February, with job gains in professional
and business services, construction, a
nd health care. In the prior 3 mont
hs, employment had risen by an
average of 195,000 per month.
(See table B-1.)
Professional and business services
added 73,000 jobs in February;
employment in the industry had
changed little (+16,000) in January.
In February, employment in ad
ministrative and support services,
which includes employment services and servic
es to buildings, rose by 44,000. Accounting and
bookkeeping services added 11,000 jobs, and growth c
ontinued in computer systems design and in
management and technical consulting services.
In February, employment in
construction
increased by 48,000. Since September, construction
employment has risen by 151,000. In February, job growth
occurred in specialty tr
ade contractors, with
this gain about equally split between residential (+
17,000) and nonresidential specialty trade contractors
(+15,000). Nonresidential building constr
uction also added jobs (+6,000).
The
health care
industry continued to add jobs in February
(+32,000). Within health care, there was a
job gain of 14,000 in ambulatory hea
lth care services, which includes
doctors' offices and outpatient care
centers. Employment also increased over the month in
nursing and residential
care facilities (+9,000)
and hospitals (+9,000).
Employment in the
information
industry increased over the month
(+20,000), lifted by a
large job gain
in the motion picture and sound recording industry.
- 3 -
Employment continued to trend up in
retail trade
in February (+24,000). Reta
il trade has added 252,000
jobs over the past 12 months. Employment also
continued to trend up over the month in
food services
and drinking places
and in
wholesale trade
.
Employment in other major
industries showed little
change over the month.
In February, the
average workweek for all employees
on private nonfarm payrolls edged up by 0.1
hour to 34.5 hours. The manufacturing workweek rose
by 0.2 hour to 40.9 hours, and factory overtime
edged up by 0.1 hour to 3.4 hours. The average workweek for
production and nonsupervisory
employees
on private nonfarm payrolls increased by 0.2 hour
to 33.8 hours. (See tables B-2 and B-7.)
Average hourly earnings for all employees
on private nonfarm payrolls
rose by 4 cents to $23.82.
Over the year, average hourly earn
ings have risen by 2.1 percent. In
February, average hourly earnings
of private-sector
production and nonsupervisory employees
increased by 5 cents to $20.04. (See
tables B-3 and B-8.)
The change in total nonfarm payroll employme
nt for December was revised from +196,000 to
+219,000, and the change for January was revised from +157,000 to +119,000.
LoooooooooL - (reeeaaallly - here's a nicer try)
[ In Reply To ..]"Nothing to back up your claim," you ask?! Did you not click the pretty little blue link in YOUR ARTICLE? It's good to make sure your ducks are in a row before you pull the trigger. No more vinegar for you!
But ... - anon
[ In Reply To ..]Here we have a report from Washington Post attributing it to warm winter. But note this February's job growth is less than February 2012. Also note, part of the increase is in retail.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/08/did-a-mild-winter-help-inflate-februarys-great-job-numbers/
On the other hand, here in the NYT it says weak retails sales in February was due to cold winter:
http://www.nytimes.com/2013/03/08/business/economy/retailers-report-sales-gains.html?_r=0
All I know is.. where I live, people have given up - looking for work, and
[ In Reply To ..]I just found out my health insurance premiums are going up 100 bucks a month... was told directly that Obamacare is the reason, and so, I will have to go without insurance for now.. but things are getting better? What a joke... on us !
And you believed that? After the past 20 years of increases? - Stop being such an easy mark. nm
[ In Reply To ..]x
and where I live, our unemployment numbers went up, not down. - Someone care to explain that?
[ In Reply To ..].
Math. Some places are higher, some places are lower, but the overall AVERAGE - is lower. nm
[ In Reply To ..]nm
Not better where I live. For the first time in my - 50 years, I am moving to another state.nm
[ In Reply To ..]nm
No it isn't. Overall average is higher. - do some independent research
[ In Reply To ..]The U.S. unemployment rate ticked up to 7.9% in January and a broader rate that includes discouraged workers was flat at 14.4%
http://blogs.wsj.com/economics/2013/02/01/dont-dismiss-rise-in-unemployment/
More than 197 million people worldwide are jobless, and an additional 39 million have simply given up looking for work, a United Nations agency said.
http://www.nytimes.com/2013/01/22/business/global/un-agency-warns-of-rising-unemployment.html
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