Saturday October 6, 2012, 10:16 am
It is certainly welcome news that the unemployment rate has finally dropped below 8%, due to the efforts of Barack Obama and the Democratic Party. It is especially significant, because it has happened in spite of the best efforts of the Republican Party to prevent recovery from the recession they caused. To see their sabotage going up in smoke is so frustrating to the Republican Party, that they are screaming bloody murder and making wild conspiracy claims.
Saturday October 6, 2012, 10:34 am
From what I have read, many of these "jobs" are temporary factory and retail employment in anticipation for Christmas. How many of these people will lose these jobs once the holiday is over?
The Bureau of Labor Statistics does tell us what type of job and how many are still unemployed, how many are only employed part time or in jobs that are below their qualification, by education. We have nearly 400,000 jobs that are still left unfilled because they require specialized, if not college training. Too bad that our president didn't offer a JOBS bill to Congress to help train people for these jobs. Oh, wait a minute, he did do exactly that.
The hiring for the Christmas season does not being in September, some will begin at the end of October.
Saturday October 6, 2012, 11:23 am
Thanks Kit for setting Allan straight based on the factual information rather than the perspective looking speciously for something to give reason for disbelief or to ignore the wonderful news it actually was.
Saturday October 6, 2012, 11:27 am
You cannot currently send a star to Kit because you have done so within the last week. ~
"Too bad that our president didn't offer a JOBS bill to Congress to help train people for these jobs. Oh, wait a minute, he did do exactly that. " Exactly. Thank you, Kit
Saturday October 6, 2012, 11:43 am
Perhaps some of these jobs are "temporary jobs" but when your main concern is putting food on the table for your family or keeping a roof over their head even a temporary job is welcome and many temporary jobs lead to full time employment. I and everyone in this country should be pleased to see more people going back to work and our economy moving in a positive direction in spite of all the roadblocks the republicans have put up in an effort to keep that from happening.
Saturday October 6, 2012, 12:33 pm
With this positive report we cannot allow the GOP to rain on our parade, nor can we afford to place them in office - yes some of the jobs may be temporary, all the more important that we include education in our budget to create a work force more capable of handling the more technologically challenging jobs that are more prevalent! We've got to change the House to insist on cooperation, as Kit so aptly pointed out! It would be interesting to see what improvements the country might experience with the President's policies taken seriously!
Saturday October 6, 2012, 1:30 pm
lets hope the trend continues....of course, the GOP whines about anything potentially good for Mr. Obama and the Democrats...they don't care about the country or people, but about the wealthy and power.....
Saturday October 6, 2012, 2:38 pm
Thanks Tom, great post. What else can they do but complain about the supposed manipulations. This is their SOP, lying, misrepresenting facts and figures along with denying their real agenda. Read and noted.
Saturday October 6, 2012, 3:04 pm
Noted, I think it's pathetic, that the Republicans instead of cheering some good news for the Country, instead they are crying about it, and trying to score political points for their Party...But then again I am not surprised they are the ones who flat out said, they want Obama to fail, and if that means taking America down with them, then well be it...This shows you they do not care one bit for the Middle Class, or poor people in this Country, or else they would have cheered this news like everyone else...
Saturday October 6, 2012, 5:41 pm
Why do you think they hated Clinton so much???? He took Bu$h the Elder's deficit & made a surplus - there were good Middle Class Jobs & increasing pay..ah, the "good old days".. Now RepubliCONs see Another miracle happening, in spite of their Spite!;) A JOBS Bill would Really drop Unemployment rates & also keep GOP fingers off Social Security - which is exactly why this Do-Nothing CONgre$$ has Prevented a JOBs Bill from being passed! So NEXT year I look forward to a New Congress & a Real Improvement in Unemployment!:)
Saturday October 6, 2012, 6:22 pm
I guess the truth is right in front of everyone's eyes, and only those with their eyes open will see it. The rest of them have their heads up their asses and I guess that's how they prefer to live their lives.
Saturday October 6, 2012, 7:22 pm
Power and wealth, unearned and unshared, can madden the minds of those who think of themselves only,
They would rather have our nation, our planet, destroyed than give up their illusion of power. How pathetic they are!
Saturday October 6, 2012, 10:58 pm
American will power with Obama at the helm...succeeds in spite of the GOP obstructionist thugs. It would be great to see the 627,000 public sector jobs restored that were needlessly cut due to the GOP manufactured Faux Budget Crises...along with all the private sector jobs lost as an indirect result...for a grand total of 2.3 million. . .it would reduce the percentage of unemployed to est. 6.7%! All the while banks, oil companies, and more, managed to set record profit margins during the same period. . . very patriotic of them. GOP stinks like dirty diapers. [numbers from Economic Policy Institute-7/2012]
Sunday October 7, 2012, 12:40 am
Allen West saying that the unemployment rate has been falsified by Mr Obama — isn't this the guy that accused around 80 Democrats of being card carrying Communists?
Jack Welch of GE fame, disgraced when he was caught by the SEC of cooking the books, is accusing Mr Obama of cooking the employment figures and offers no proof of his charge, but won't take it back?
Have these two lunatics heard Rmoney's campaign team admit that Rmoney lied all through the 1st debate — what do they say to that? They probably think it is just fine! (Personally, with an open admission of lying to the people with malice and forethought, I think Rmoney should be dropped from the ballot! I know he won't be and that it is up to the people to NOT elect him!)
The Republican/Teabaggers are acting like tantrum struck 2 year old children who are not getting what they want! Next you'll see them lying on the ground kicking and screaming, just to see if that gets them any further than screaming only! I will be so glad when the election is over, Mr Obama back in the WH, and I won't have to listen to these petulant popinjays carry on about nothing!
Send Romney, Lord of Lies, and Ryan, his little Lordette, as well as all their minions, out to the unemployment line where they belong!
Sunday October 7, 2012, 4:53 am
Even their most lunatic members realise there is no evidence to substantiate their allegations - but because they WANT it to be true then it MUST be true! They sound like temperamental two-year-olds stuck in a Peter Pan story! They sound so utterly demented, I feel sorry for them!
Bush the elder - deficit; Clinton - surplus; GW Bush - monster deficit; Obama working his way towards a surplus - vote Democrat!
Your report has been submitted to Customer Service. Thank you.
There was a problem submitting your report. Please try again later.
Sunday October 7, 2012, 7:30 am
The republian/tea party have gone totality "limbaugh" How could anyone not have an ounce of joy that we are finally starting to see some light at the end of the tunnel? The racist anyone but Obama crowd. It is just sicking. That people watch and listen to fox and limbaugh. And the republian/tea party are just full of greed and power that they can not see pass the long and hateful noses they have.
Sunday October 7, 2012, 1:17 pm
Corporations simply CAN'T AFFORD to take on more employees in good paying jobs!
Right now they're straining their budgets simply buying Congress members, supporting super-PACs and padding their executives' off-shore bank accounts... so they can only afford cheap slave labor in third world countries.
Do you have ANY IDEA how expensive it is to go to a Romney fundraiser???
Damn those Democrats for trying to cut holes in THEIR safety nets!
Sunday October 7, 2012, 4:41 pm
The Republican party doesn't want us to remember the Bush Administration and all the damage they did to this country's interest during their 8 years in power. They want us to forget that all our economic woes began during their regime. They want as many people as possible to believe that the state of the economy and the job situation is all Pres. Obama's fault. They don't want any glimmer of good news to mar the 'doublethink' that constitutes their party's platform(s).
Sunday October 7, 2012, 5:00 pm
NEW YORK (CNNMoney) -- Republicans may soon lose a key talking point. According to data released Thursday, President Obama may now be a net job creator.
In the year following Obama's inauguration [while Dubya was president], the U.S. economy lost about 4.3 million jobs. But new figures released Thursday show 4.4 million jobs have been added back since then.
Here's how it happened: Since early 2010, jobs have slowly been trickling back, particularly in professional services, health care and manufacturing. As of August, the Labor Department had indicated about 4 million jobs had been recovered overall.
Those figures get revised frequently though, as the Labor Department gets more complete data over time. On Thursday, the Labor Department released a statement, saying it crunched the numbers again, using unemployment insurance records that employers are required to file.
Based on that data, the government now believes it under-counted jobs created in much of 2011 by around 386,000. That's according to preliminary figures that the government could still tweak slightly in February.
If true, those figures mean the economy has recovered 4.4 million jobs since early 2010 -- enough to fully account for the jobs lost in Obama's first term. In fact, Obama would be ahead by exactly 125,000 jobs."
And he did it without any help --in fact, in spite of solid resistance from-- the Republicans! That's quite remarkable!
Sunday October 7, 2012, 5:38 pm
Noted & Thanks, Tom. And thank you, Susanne, for the above news. In the years after 9/11, the Patriot Act was passed by both parties because during that time, the GOP screamed bloody murder if anyone wasn't "Flag-Waving-Patriotic." Anyone who spoke against members of the Bush Regime were castigated by the GOP & most of the media...remember "freedom fries?" Even when Valerie Plame (Wilson) was outted as a CIA agent, and Scooter Libby went to jail---he was the only one, and was pardoned by Dumbya. Don't even get me started on the treasonous war-profiteering committed by Cheney.
Since Obama took office, so many nasty and derogatory things have been said by GOP members of Congress that should've been considered downright treason. Until we can get some political "balance" in the US, I believe it will continue to be tilted toward the Corporate 1%-ers. To this day, I am unhappy that Obama chose to ignore the criminal acts of his predecessor.
Sunday October 7, 2012, 5:40 pm
What a bunch of cry babies the republicans are, They would rather see our economy go down the drain then to ever think that our President had finally got the unemployment below 8% without cheating and lying like they do and without any help from them, What a sorry ass bunch of unAmerican fools they are.
Sunday October 7, 2012, 6:57 pm
More jobs are needed, Obama is really trying, republicians and teaparty block every good thing he tries to do for the people. WE DO NOT NEED A NEW PRESIDENT, WE need REPUBLICIANS,TEAPARTY LOOKING FOR NEW ....JOBS, after november. We need the AYN RAND SO CALLED REPUBLICIAN PARTY ......GONE!!!!!!. and we need better control of our elections, no more dishonesty, lying, voter supp. do the voters who vote in these republicians/teaparty raise their children with these "values"???????. they say they are ....CHRISTIAN??????, Real CHRISTIANS under no CIRCUMSTANCES LIE, Republicians cannot open their mouths without LYING. real christians hand in everything as expected where are the tax returns Mitt will not turn in, and it is a ISSUE, Mitt Romney is NOT special he needs to do what ALL THE OTHERS ....INCLUDING HIS OWN FATHER Has DONE, Turn in the SAME AS DADDY DID!!!!. Diana.
Monday October 8, 2012, 2:07 am
"The Bureau of Labor Statistics reported on Friday that the official unemployment rate for September was 7.8%, down from 8.1% in August. There were also 114,000 net jobs added during the month of September. This is the first time that the official unemployment rate has been lower than 8% since Barack Obama became President, and with the 2012 presidential election one month from today, it is worth mentioning that no president since Franklin Roosevelt has been re-elected with an official unemployment rate higher than 8%.
“This morning, we found out that the unemployment rate has fallen to its lowest level since I took office. More Americans entered the workforce, more people are getting jobs. Every month reminds us that we've still got too many of our friends and neighbors who are looking for work, and there are too many middle-class families struggling to pay the bills. But today's news certainly is not an excuse to try to talk down the economy to score a few political points. It's a reminder that this country has come too far to turn back now,” said President Obama of the new unemployment statistics during a rally at George Mason University.
“There were fewer jobs created this month than last month. The reason it's come down this year is primarily due to the fact that more and more people have stopped looking for work. It looks like unemployment is getting better, but the truth is, if the same share of people were participating in the workforce today as on the day that President Obama got elected, why, our unemployment rate would be around 11 percent.That's the real reality of what is happening out there. This can't go on. ...When I'm president of the United States, that unemployment rate is going to come down not because people are giving up and dropping out of the workforce, but because we are creating more jobs. I will create more jobs and get America working again,” Republican nominee Mitt Romney said while campaigning in Arlington, VA.
Libertarian nominee Gary Johnson and Green nominee Jill Stein have yet to make statements concerning the report.
The BLS keeps track of six unemployment rates, which are defined as follows and given without seasonal adjustments:
U1: Persons unemployed 15 weeks or longer, as a percent of the civilian labor force. This rate is 4.2% for September 2012, down from 4.3% in August.
U2: Job losers and persons who completed temporary jobs, as a percent of the civilian labor force. This rate is 4.0% for September 2012, down from 4.4% in August.
U3: Total unemployed, as a percent of the civilian labor force (official unemployment rate). This rate is 7.6% for September 2012, down from 8.2% in August.
U4: U3 plus discouraged workers, as a percent of the civilian labor force plus discouraged workers. “Discouraged workers” are those who have stopped looking for work because current economic conditions make them believe that no jobs are available. This rate is 8.0% for September 2012, down from 8.7% in August.
U5: U4 plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force. “Marginally attached” workers are those who would like and are able to work, but have not looked for a job recently. This rate is 9.0% for September 2012, down from 9.7% in August.
U6: U5 plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force. This rate is 14.2% for September 2012, down from 14.7% in August.
As people who are employed part-time typically work about half as much as people who work full-time, it may be useful to consider a “U5.5,” defined as the arithmetic mean of the U5 and U6 numbers. This measure would thus count people who work part-time but wish to work full-time as “half-employed.” This rate is 11.6% for September 2012, down from 12.2% in August.
The BLS revised the Current Population Survey, which gathers the data needed to determine these rates, in 1994. Among the changes made, the U3 rate was named the new “official” unemployment rate, instead of the U5 rate.
The use of the U3 as the official definition exposes some holes in the BLS's thinking, because according to them, the following are true:
A person who loses a full-time job but spends one hour each week mowing a lawn for pay is considered employed.
A person who simply expresses interest in having a job is classified as unemployed.
“Discouraged workers” are not classified as unemployed or even as part of the labor force.
A sharp decrease in a worker's wages when forced to change jobs is not accounted for.
What this means is that the official unemployment rate can fluctuate in a recovering economy, as discouraged workers (who are not considered to be part of the labor force in the U3 measurement) who re-enter the labor force and do not find jobs will cause the U3 rate to spike. It also means that the U3 rate will go down when people give up looking for jobs, although this was not the case in September, as 211,000 people re-entered the labor force."
"Economic News Release
Employment Situation Summary
Transmission of material in this release is embargoed USDL-12-1981
until 8:30 a.m. (EDT) Friday, October 5, 2012
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- SEPTEMBER 2012
The unemployment rate decreased to 7.8 percent in September, and total nonfarm
payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported
today. Employment increased in health care and in transportation and warehousing
but changed little in most other major industries.
Household Survey Data
The unemployment rate declined by 0.3 percentage point to 7.8 percent in September.
For the first 8 months of the year, the rate held within a narrow range of 8.1
and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by
456,000 in September. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (7.3 percent),
adult women (7.0 percent), and whites (7.0 percent) declined over the month.
The unemployment rates for teenagers (23.7 percent), blacks (13.4 percent), and
Hispanics (9.9 percent) were little changed. The jobless rate for Asians, at
4.8 percent (not seasonally adjusted), fell over the year. (See tables A-1, A-2,
In September, the number of job losers and persons who completed temporary jobs
decreased by 468,000 to 6.5 million. (See table A-11.)
The number of persons unemployed for less than 5 weeks declined by 302,000 over
the month to 2.5 million. The number of long-term unemployed (those jobless for
27 weeks or more) was little changed at 4.8 million and accounted for 40.1
percent of the unemployed. (See table A-12.)
Total employment rose by 873,000 in September, following 3 months of little
change. The employment-population ratio increased by 0.4 percentage point to
58.7 percent, after edging down in the prior 2 months. The overall trend in
the employment-population ratio for this year has been flat. The civilian labor
force rose by 418,000 to 155.1 million in September, while the labor force
participation rate was little changed at 63.6 percent. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) rose from 8.0 million in August
to 8.6 million in September. These individuals were working 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 September, 2.5 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (These data are not seasonally
adjusted.) These individuals were not 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 searched for work
in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 802,000 discouraged workers in
September, a decline of 235,000 from a year earlier. (These data are not
seasonally 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 force in September had
not searched for work in the 4 weeks preceding the survey for reasons such
as school attendance or family responsibilities. (See table A-16.)
Establishment Survey Data
Total nonfarm payroll employment increased by 114,000 in September. In 2012,
employment growth has averaged 146,000 per month, compared with an average
monthly gain of 153,000 in 2011. In September, employment rose in health care
and in transportation and warehousing. (See table B-1.)
Health care added 44,000 jobs in September. Job gains continued in ambulatory
health care services (+30,000) and hospitals (+8,000). Over the past year,
employment in health care has risen by 295,000.
In September, employment increased by 17,000 in transportation and warehousing.
Within the industry, there were job gains in transit and ground passenger
transportation (+9,000) and in warehousing and storage (+4,000).
Employment in financial activities edged up in September (+13,000), reflecting
modest job growth in credit intermediation (+6,000) and real estate (+7,000).
Manufacturing employment edged down in September (-16,000). On net, manufacturing
employment has been unchanged since April. In September, job losses occurred
in computer and electronic products (-6,000) and in printing and related
Employment in other major industries, including mining and logging, construction,
wholesale trade, retail trade, information, professional and business services,
leisure and hospitality, and government, showed little change over the month.
The average workweek for all employees on private nonfarm payrolls edged up by
0.1 hour to 34.5 hours in September. The manufacturing workweek edged up by
0.1 hour to 40.6 hours, and factory overtime was unchanged at 3.2 hours.
The average workweek for production and nonsupervisory employees on private
nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and B-7.)
In September, average hourly earnings for all employees on private nonfarm
payrolls rose by 7 cents to $23.58. Over the past 12 months, average hourly
earnings have risen by 1.8 percent. In September, average hourly earnings of
private-sector production and nonsupervisory employees increased by 5 cents
to $19.81. (See tables B-3 and B-8.)
The change in total nonfarm payroll employment for July was revised from
+141,000 to +181,000, and the change for August was revised from +96,000 to
Monday October 8, 2012, 10:20 am
Buncha Hypocrites from the word Go.
This puts a big dent into Repukelican strategy to win, which is, to BLOCK ALL EFFORTS AT JOBS AND RECOVERY MADE BY PRESIDENT OBAMA, and then to BLAME President Obama!!!
Ha ha ha, Fail #1.
Now, the Repukelicans MUST fail at their efforts to DISCOURAGE Voters, PURGE legitimate Voters, and BLOCK Voters from casting Ballots at the Polls.
Register everyone you know, check your and your friends' Registrations carefully, and VOTE -- bringing CARLOADS of your Neighbors along with you!
Don't let yourselves be intimidated by Rethuglican "poll watchers" that they are training to keep People of Color and Ethnicity, away!
The Repukelicans' last line of "defense", will be to TRY TO TAMPER WITH THE DIEBOLD-MANUFACTURED VOTING MACHINES. [Manufactured by a REPUKELICAN firm for EASE IN TAMPERING WITH.] They must be CHALLENGED if they try funny stuff like this AGAIN, as they have previously!
Repukes can ONLY win by CHEATING, it is very well known.... they are certainly TRYING HARD...