A community of 30,000 US Transcriptionist serving Medical Transcription Industry

More good news! The U.S. economy added 271,000 jobs in October, and strong hiring drove unemployment

Posted: Nov 6, 2015

The U.S. economy added 271,000 jobs in October, and strong hiring drove unemployment down to 5%.

;

Labor participation remains at a 40 year low. - We now have 100 million adults not

[ In Reply To ..]
in the labor force. Do the math, not Common Core math.

Every single week we hear about contractions in business, Target is closing stores, Heinz is closing 7 factories, JC Penney is laying off, etc. It just doesn't add up.

Most of those jobs are part-time Christmas jobs and - are temporary. I don't think

[ In Reply To ..]
anybody really believes we are at 5%.

Adult Civilian Non-Institutional Population (age 16+ not in military, prison, or an institution): 251,541,000 (+216,000)

Employed: 149,120,000 (+320,000)

Unemployed (could start job and actively looked for work in last 4 weeks): 7,915,000 (-7,000)

Employed plus Unemployed = Labor Force: 157,028,000 (+785,000)

Labor Force / Population = 157,028,000/251,541,000 = 62.4% (no change)

Employed / Population = 149,120,000 / 251,325,000 = 59.2% (+0.4)

Unemployed / Labor Force = 7,908,000 / 157,028,000 = 5% (-.1)

Not in the Labor Force (neither working nor trying to work): 94,513,000 (-97,000)

Many of the gains are aged 55 years or older, - part time sujpplemental jobs.

[ In Reply To ..]
Older workers seem to have a better work ethic.

My husband is 64 and was just lured back to a position he left earlier this year with a substantial raise. The employer got rid of the 30 y/o who replaced him because he was not at all concerned with customer satisfaction, spent more time on his iPhone that he did doing the job, and dressed like a slob.

Work ethic matters!

Everything is wonderful I guess. I can borrow money, buy a house, - car, etc. Unfortunately my bank account

[ In Reply To ..]
didn't get the Obama memo of 5%.

Mine did. 401K doing great. Family business soaring and I have INSURANCE finally! - nm

[ In Reply To ..]
nm

Haters Hate and Others Deal with Facts - nm

[ In Reply To ..]
nm

Number don't hate. They are inanimate objects - that deal with statistics.

[ In Reply To ..]
nomsg

But GOP Extremists misinterpret statistics, facts, and the constitution - see message

[ In Reply To ..]
and they rant, rave, turn red in the face, and yell "liar" at people. They also make up ridiculous stories and state them as facts. That's what GOP extremists do. That's why they exist, to destroy the government. That is their stated goal, and they intend to succeed at it.

Please prove it. Where is it their "stated goal" to destroy - the government. Links please.

[ In Reply To ..]
???

Their own words. Way too many to Google but start with McConnell - Attend a Tea-Party Rally Read Their Signs

[ In Reply To ..]
Open your eyes. Listen to what they say. Look at their signs and their blogs, and the interviews with the Tea-Party members in Congress. You don't see it because they say what you want to hear.

McConnell is a RINO. He sides with Obama. - He's just like Boehner.

[ In Reply To ..]
The Tea Party is for smaller government and less taxes. That's not extreme, unless you are an extreme leftist/socialism who loves government.

Nobody is acceptable to the Tea Party They are the party of NO! - It is not working well for them

[ In Reply To ..]
They have single-handedly nearly destroyed the Republican party. There is no reason or logic with them, only hard opinions and huge temper tantrums.

Agenda, agenda, agenda. Try and destroy - conservatives. Give me a break.

[ In Reply To ..]
LOL!

Also please prove where they have misinterpreted - The Constitution. Links please

[ In Reply To ..]
???

Be prepared, I have many in my arsenal to come back with - where Democrats have said and done

[ In Reply To ..]
ridiculous things.

Stop with your Tea Party Threats and Bullying. It's not working with the rest of the world - Go Bully and Intimidate Other Tea Partiers

[ In Reply To ..]
The Tea Party members are bullies. They intimidate, yell, scream, refuse to consider any other ideas other than the one they have chosen to worship. Yes, I said worship. When all your life is nothing but pushing one agenda, you worship it, and that is against everything I believe in. You can stop trying to bully me and the rest of the people on this forum. It doesn't work here. It works in Congress, but not in the rest of the world. Get over it.

Is that considered bullying? Holy cow, we have - become a nation of whiney

[ In Reply To ..]
cowards.

No whining, no bulling, you are just being discarded as utter nonsense - nm

[ In Reply To ..]
nm

I recommend reading some Thomas Jefferson quotes, - particularly on tyranny of government,

[ In Reply To ..]
it's quite enlightening.

A long time ago I remember an interview with Robert Mitchum. He - said "back in the 1940s it was

[ In Reply To ..]
kinda hard to sympathize with screenwriters who made 50,00 or 60,000 a year (a heck of a lot back then) and then sneak out at night to attend a Communist Party meeting.

He was talking about the Communists in Hollywood. There were Communists in the State Department, too.

Well anyway the point is the way the government is going now it's...
capitalism for me, socialism for the rest of you.

Typical of so many tyrannical governments.

That works in Safe Space, when one runs out of a compelling - argument. South Park did an

[ In Reply To ..]
episode on this.

You get your facts from South Park? - nm

[ In Reply To ..]
nm

The Obama economy is horrible. It will be even - worse when the interest rates rise,

[ In Reply To ..]
and they will.

The emperor has no clothes, and no shame - whatsoever. They are just

[ In Reply To ..]
spiking the ball now.

Correction: He has mom jeans. - NM

[ In Reply To ..]
LOL

You people are so rude. - nm

[ In Reply To ..]
nm

With 330 milion people and almost 100,000 out of work, that's only - 64% of Americans working.

[ In Reply To ..]
The math doesn't lie.

Labor participation rate remains at a 37 year low as - 94.5 million remain outside the labor force.

[ In Reply To ..]
In another sign that the labor market slack, at least from the Fed's perspective, is now reaching a peak, the Household survey reported that while the civilian labor force rose by over 300K in October, the number of people not in the labor force actually declined by 97K to 94.5MM (as those employed rose by 320K), following an exodus from the labor force of over half a million in September.

Despite this headline improvement, however, the participation rate remained at 62.4%, same as the prior month, and at a level last seen in 1977.

Elsewhere, the civilian employment to population ratio also remained rather downbeat at 59.3%, a modest increase from last month's 59.2% and virtually unchanged from the 59.2% also reported one year ago.

Finally, while there are many explanations why the participation rate remains so low (and continues to decline) most notably from the Fed who said that people "just don't want a job", the reality is that 94.5 million Americans either no longer have an interest or desire to look for a job.

zerohedge.com

A hundred million people in a nation of 330 million, - sounds terrible to me, and the

[ In Reply To ..]
statute of limitations has run out on blaming it on Bush.

Graphs are revealing than a derived number.

Great, does this mean they can get off foodstamps and - welfare?

[ In Reply To ..]
xx

Similar Messages:

Dec 09, 2010
The Labor Department reported that first time claims for unemployment benefits dropped last week to the second-lowest level this year. Claims fell to 421,000, below the 428,000 figure that Wall Street expected. The four-week average of claims also slid for the fifth straight week, reaching the lowest level since August 2008, before the darkest days of the financial crisis. ...

Oct 05, 2012
. ...

Dec 20, 2013
"Economists at Jefferies & Co. expect the economy to grow 3.3% next year. That would be the biggest level of annual growth in ten years. They also expect the job market to finally replace all the private sector jobs lost in the recession." Even though this spike isn't expected to be a constant, things continue to trend in the right direction. Good news for all Americans. :D ...

Oct 07, 2012
The Congressional Budget Office has released its estimate for the fiscal year 2012, just ended on September 30 and the news is good. The federal deficit was just under $1.1 trillion, compared to just under $1.3 trillion at the end of fiscal year 2011, a reduction of $207 billion. As a percentage of the GDP, the 2012 deficit dropped to 7.0 per cent, down from 8.7 percent in 2011 and 9.0 percent in 2010. The actual deficit numbers will be released later this month by the Treasury DepartmentThe Sep ...

Jun 03, 2012
A while back president Obama proposed a small business hiring income tax credit. Since it still hasn't been voted on, I think small businesses might be holding off on hiring waiting for it to pass so they can take advantage of the credit. What do you all think? I am going to write my congressmen and tell them to get this bill on the fast track now when we need it the most. I think that this is a bipartisan issue that everyone should be able to agree on. ...

Sep 08, 2015
So, unemployment is supposedly improving but somehow it just doesn't feel like it. I went to a local strip mall where my Safeway is located yesterday and was sad to see that there were 2 more vacancies just since I'd been there 2 weeks ago, making 6 now. One was my favorite take-out teriyaki restaurant. Just gone like smoke in the wind. Well, this might throw some light on things: Since 12/2007, native-born Americans have had a net LOSS of over 700,000 jobs whi ...

Oct 21, 2013
From The Atlantic Magazine The Greatest Risk to the U.S. Economy Is Still the People in Charge of It The recession gave us a lost decade. Congress added a lost year. The budget wars since 2010 have cost us 12 months in job creation. DEREK THOMPSONOCT 17 2013, 8:03 AM ET 21in Share More Reuters The 16-day shutdown of the federal government cost the U.S. economy billions of dollars in lost economic activity, from an idle district, to lost personal income ...

Mar 20, 2010
Repeatedly we have been told by Obummer that his administration would be focusing on job creation. (The "stimulus" bill created real few jobs but thousands of IMAGINARY ONES in FICTIONAL DISTRICTS [and of course MILLIONS for Dims' re-election campaigns], so those data are not to be trusted.) Yet here we are, 14 months later, with ZERO focus on job creation and 100% focus on further enslaving the American populace to the Federal Reserve (that's what "health care reform ...

Mar 08, 2013
x ...

May 17, 2011
Don't let the biggest monthly jobs gain in five years fool you. Dark clouds on the horizon are getting harder to ignore. Economists at Goldman Sachs and Morgan Stanley have certainly noticed. They cut their 2011 U.S. growth forecasts again this weekend, blaming high energy prices for soft spending and warning that months of mushy consumer numbers – brought to you by the next round of government belt-tightening – lie ahead. Despite the impressive-looking jobs&n ...

Aug 01, 2010
http://news.yahoo.com/s/ap/20100801/ap_on_bi_ge/us_wealthy_cut_back Taxes should NOT be raised on anyone right now... less spending, fewer jobs for the rest of us. However, with all of the outrageous Obama spending, he may end up raising taxes on us ALL, not just the wealthy.... lets wait and see. ...

Dec 07, 2012
. ...

Feb 22, 2015
The CEO of Aetna Insurance has decided, after conducting a review, to raise the pay of some 5,700 of their employees to $16.00 per hour. The CEO said that many of these employees were making $13 or $14 per hour and were unable to purchase the companies health insurance for themselves or their children forcing them onto public assistance. Half a million low-wage workers will get a raise in April, when Walmart lifts hourly wages at its stores in the United States to at least $9. The raise, an ...

Sep 28, 2011
x ...

Oct 29, 2010
The Commerce Department said Friday that the economy expanded at a 2 percent annual rate in the July-September quarter. Consumers helped boost last quarter's economic growth with 2.6 percent growth in spending. That was better than the second quarter's 2.2 percent growth rate and marked the biggest quarterly increase since a 4.1 percent gain at the end of 2006 before the recession hit. A stock-market rebound made people feel better about spending. Bargains, on everything from cars to ...

Oct 28, 2010
Fewer people applied for unemployment benefits last week, the second drop in a row and a hopeful sign the job market could be improving. he Labor Department said Thursday that initial claims for jobless benefits dropped by 21,000 to a seasonally adjusted 434,000 in the week that ended Oct. 23. It was the second-lowest number for claims this year Previously, the report on health care employment showed that health care employment rose by 24,000 in September and by an average of 21,000 ...

Oct 11, 2012
Holiday hiring is up, for all of us OOW transcriptionists. http://management.fortune.cnn.com/2012/10/10/holiday-hiring-is-headed-for-a-five-year-high/?section=money_pf&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_pf+%28Personal+Finance%29 And foreclosures are down, especially in my state (California). http://money.cnn.com/2012/10/11/real_estate/foreclosures/index.html?iid=obnetwork ...

Nov 05, 2012
Gallup: R 49, O 48 Rassmussen: R 49, O 48 Romney internal polls put him up in OH MSNBC accidentally shows Romney winning (love that one) Noonan: It's Romney Barnes: Why Romney will win Dems fear they may lose seats in House. Bad Omen for Obama - Redskins lose at home (not the superstitious type here, but still good news) Wisconsin State Journal endorses Romney (they endorsed obama last time). Candy Crowley calls him President Romney PA: R 47, O 47 MI ...

Jan 26, 2013
Mike Huckabee I told you recently about a poll that found that Congress’ approval rating was lower than that of cockroaches. Well, maybe this will help Congress pull slightly ahead of the bugs. As part of their deal to avoid the fiscal cliff, Congress agreed to freeze their own salaries. But the latest Republican bill to suspend the debt ceiling until May 18th went even further. It would put lawmakers’ paychecks on hold starting on April 15th – tax day. Their pay would g ...

May 08, 2013
Right wingnuts going the way of the dinosaur perhaps? It's high time . . . But the larger issue is the declining demographics of the right-wing talk-radio racket. “Look at the millennial generation,” says Colliano. “There’s 80 million of them coming of age. They don’t see color. They don’t see gender. And they’re civic minded: they don’t like bloviating. They don’t like yelling and screaming. So you tell me: how ...

Apr 19, 2017
Jason Chaffetz will be "returning to the private sector" in 2018. Jon Ossoff handily made it into the runoff against the woman who was fired from the Susan Komen Foundation. Democrat James Thompson lost by about 5 points in Kansas, one of the reddest states in the country (home of the Koch Bros). Come on millenials, time to paint the red states purple! It is long past time for the senile old white men who "run" this country to pass the torch to younger blood. So many things to ...

Jul 02, 2015
the underemployed number going down. the people who stopped looking going down. ...

Sep 16, 2011
I wonder is MSM will cover these stories? * Premiums: The nearly 12 million senior citizens enrolled in private Medicare health plans will see their monthly premiums drop by an average of 4 percent while benefits remain stable next year, the Obama administration officials announced Thursday. In addition, they said, premiums fell by an average of 7 percent this year, much higher than the 1 percent the government projected a year ago. * Fraud: Under the newly reformed health care laws ch ...

Feb 11, 2014
1827 days down, 1073 days to go until he is no longer Liar in Chief, Dictator, King, Destroyer of Democracy or whatever else he may be called. ...

Dec 02, 2010
NEW YORK (Reuters) - Pending home sales unexpectedly surged in October, hinting the economic recovery has legs. Also, the four-week moving average for jobless claims fell to a fresh two-year low, though new claims were higher for the week. "Fear is evaporating ever so slightly. The economy is not falling off a cliff, giving investors a glimmer of hope," said Kim Caughey Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. ...

Oct 26, 2010
Health care employment rose by 24,000 in September. The increase was concentrated in ambulatory health care services (+17,000). Health care employment has risen by an average of 21,000 per month this year. http://www.bls.gov/news.release/pdf/empsit.pdf ...

May 29, 2013
. ...

Aug 21, 2014
nm ...

Jul 16, 2015
decided to cancel 19kac. I just wonder what took so long. ...

Jul 31, 2015
A newly developed vaccine against the deadly Ebola virus is "highly effective" and could help prevent its spread in the current and future outbreaks, the World Health Organization said Friday. http://edition.cnn.com/2015/07/31/health/guinea-ebola-vaccine/index.html ...