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| US Unemployment Up Again; Sept Job Loss Worse than in Aug |
| 2009-10-02 |
| Below is the dry Bureau of Labor Stats Announcement - for fun you can contrast and compare the puff that will come from the Administration today on this subject Nonfarm payroll employment continued to decline in September (-263,000), and the unemployment rate (9.8 percent) continued to trend up, the U.S. Bureau of Labor Statistics reported today. The largest job losses were in construction, manufacturing, retail trade, and government. Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million Unemployment rates for the major worker groups--adult men (10.3 percent), adult women (7.8 percent), teenagers (25.9 percent), whites (9.0 percent), blacks (15.4 percent), and Hispanics (12.7 percent)--showed little change in September. The unemployment rate for Asians was 7.4 percent, not seasonally adjusted. Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 603,000 to 10.4 million in September. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 450,000 to 5.4 million. The civilian labor force participation rate declined by 0.3 percentage point in September to 65.2 percent. The employment-population ratio, at 58.8 per-cent, also declined over the month. The change in total nonfarm payroll employment for July was revised from -276,000 to -304,000, so July was worse than we originally thought and the change for August was revised from -216,000 to -201,000. so August was not as bad as we thought |
| Posted by:lord garth |
| #7 September Unemployment: ACTUAL LOSS 995k |
| Posted by: Bright Pebbles 2009-10-02 17:48 |
| #6 Wait a minute...according to another member of this forum a couple days ago Obama was doing good on the economy... cut spending, cut taxes - let those corporations that can't hack it go the way of the dinosaur - the only way. |
| Posted by: Broadhead6 2009-10-02 16:20 |
| #5 #3Just think what the unemployment rate would have been if we hadn't "saved or created" all those new jobs under the Stimulus Plan ... Posted by: Steve White exactly! I think Sheriff Joe Biden said it was like 200 million saved or created, right? I mean who'd make a promise on something that can't actually ever be quantified, then take credit for the results however bad it turns out? A lying pol, maybe? |
| Posted by: Frank G 2009-10-02 15:50 |
| #4 Procopius The BLS has supplementary tables that look at alternate ways of measuring unemployment. If you look at the U-6 table at the link you will see the 'unemployed + discouraged' number is about double the pure unemployed number that comes from the household survey. |
| Posted by: lord garth 2009-10-02 12:50 |
| #3 Just think what the unemployment rate would have been if we hadn't "saved or created" all those new jobs under the Stimulus Plan ... |
| Posted by: Steve White 2009-10-02 12:29 |
| #2 teenagers (25.9 percent) Teenagers = 16 to 24 year olds and that rate recently reported is running over 50%. Come out of college with something other than that which has immediate and direct application to the market and its back to home with the folks and the education debt. Hopey Changey - as ye sow, so shall ye reap. |
| Posted by: Procopius2k 2009-10-02 11:33 |
| #1 That means more people lost health insurance and unemployment benefits are about to run out for those first bumped to the street. And Congress just voted themselves another raise and proposed another major boondoggle or two or three. Out of touch with main street is the polite way of putting it. (for the 'Burg) |
| Posted by: Lumpy Elmoluck5091 2009-10-02 11:14 |