Showing posts with label BLS. Show all posts
Showing posts with label BLS. Show all posts

Saturday, December 7, 2013

1,148,000 Fewer Americans Have Jobs Today Than 7 Yrs Ago

(CNSNews.com) - 1,148,000 fewer Americans held jobs this November than did seven years ago in November 2006, according to data released today by the Bureau of Labor Statistics.
Back then, according to BLS, 145,534,000 Americans held jobs. This November, according to BLS, only 144,386,000 Americans hold jobs. That is a drop of 1,148,000 in the number of Americans working.
This decline in the number of Americans who actually have jobs has come even though the size of the nation’s civilian noninstitutional population and the size of the nation’s civilian labor force have both grown significantly over the last seven years.
Fewer Americans Employed Today Than 7 Yrs Ago
Via: CNS News
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Friday, December 6, 2013

U.S. unemployment rate hits 5-year low, eyes on the Fed

* Non-farm payrolls rise 203,000 in November
* Jobless rate falls to 7.0 percent from 7.3 percent
* Average hourly earnings, workweek rise
By Lucia Mutikani
WASHINGTON, Dec 6 (Reuters) - U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month.
Non-farm payrolls increased by 203,000 new jobs last month,the Labor Department said on Friday. The unemployment rate dropped three tenths of a percentage point to its lowest level since November 2008 as some federal workers who were counted as jobless in October returned to work after a 16-day partial shutdown of the government.
Economists polled by Reuters had forecast payrolls rising 180,000 last month and the unemployment rate falling to 7.2 percent from 7.3 percent.
Job gains for September and October were revised to show 8,000 more jobs created than previously reported, lending strength to the report. Other details were also upbeat, with employment gains across the board, hourly earnings rising and the workweek lengthening.

Saturday, November 23, 2013

Price of Electricity Hit Record for October; Up 42% in Decade

Coal, power plant
(CNSNews.com) - The price of electricity hit a record for the month of October, according to data released Wednesday by the Bureau of Labor Statistics. That made October the eleventh straight month when the average price of electricity hit or matched the record level for that month.
The average price of electricity in October was 13.2 cents per kilowatt hour (KWH), up from 12.8 cents per KWH in October 2012—and up from 9.3 cents per KWH in October 2003.
Americans now pay 42 percent more for electricity than they did a decade ago.
In November 2012, electricity was 12.7 cents per KWH, which was down from the 12.8 cents per KWH price of November 2011. But, in December 2012, the price of electricity stayed at 12.7 cents per KWH, matching the record monthly price of 12.7 cents per KWH that had been reached in December 2011.
In each of the ten months since then (January through October 2013), the price of electricity has hit a record level for that month.

Thursday, November 21, 2013

White House Ordered Census Bureau To Work Directly With Obama Aides, Not Commerce Secretary

featured-imgPresident Obama has decided to have the director of the U.S. Census Bureau work directly with the White House, the administration said today, a move that comes as the Census Bureau prepares to conduct the 2010 census that will determine redistricting of congressional seats.

Under the Bush administration, the Census Bureau director reported to the commerce secretary. Obama is adding oversight of the director by senior White House aides, but keeping the bureau itself under the umbrella of the Department of Commerce, White House spokesman Ben LaBolt said.

After Obama nominated a Republican, New Hampshire Sen. Judd Gregg, to head Commerce, Latino advocates voiced concern about him overseeing the politically delicate task of determining the nation's population. But LaBolt suggested Obama's changes to the organizational structure have been long in the making.

"From the first days of the transition the Census has been a priority for the president, and a process he wanted to reevaluate," LaBolt said in a statement this afternoon. "There is historic precedent for the director of the Census, who works for the commerce secretary and the president, to work closely with White House senior management, given the number of decisions that will have to be put before the president. We plan to return to that model in this administration."

Wednesday, November 20, 2013

I TOLD YOU SO: OBAMA REALLY STOLE THE ELECTION

I Told You So: Obama Really Stole the ElectionI don’t mean to say, “I told you so”…But I told you so.
In October of 2012, just before the election, we heard miraculous unemployment reports that made it sound like the economy was turning around. Hundreds of thousands of jobs were supposedly created. Happy days were here again. “Bravo Obama,” said the adoring mainstream media. It was the biggest one month jobs increase ever.
But I smelled a rat. I warned again and again in the media that “the books were cooked.” I screamed this was pure fraud and the voters were being scammed. I accused Obama and his friends in the government employees union of fixing the election. Democrats and the mainstream media (I know, I repeat myself) called those charges “preposterous.” They said it was impossible to fake jobs reports.
Surprise, surprise, guess who was right? It turns out government employees faked the jobs reports to re-elect Obama. They wanted the man who protects their bloated salaries, obscene pensions, and corrupt unions, to be re-elected. They would stop at nothing to keep the gravy train rolling, so they made up reports about job increases out of thin air. 
The entire election was pure fraud. Based on fantasy. Americans walked into the voting booths hearing fresh news that indicated the economy was improving and jobs were dramatically increasing. It was all fake. The numbers were made up out of thin air by pro-Obama government employees. The voters of America made their final decisions based on pure fraud.
Worse this fraud endangered our entire economy. The Federal Reserve bases billion dollar decisions, like interest rate hikes and quantitative easing, on jobs reports. If those job increases don’t actually exist, the Fed is moving in the wrong direction. Crimes were committed that falsely elected a President and could cause billion dollar damages for years to come to the U.S. economy.
But wait, that’s only the latest reported fraud that stole the election. 
Via: The Blaze
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Tuesday, November 19, 2013

New York Post Exclusive: Census ‘Faked’ 2012 Election Jobs Report

featured-imgIn the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.
And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

Ironically, it was Labor’s demanding standards that left the door open to manipulation.
Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

Philadelphia filled the gap with fake interviews.

“It was a phone conversation — I forget the exact words — but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.

Tuesday, November 12, 2013

Americans’ Participation in Labor Force Hits 35-Year Low

President Barack Obama(CNSNews.com)  The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics.
In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent—the lowest it has been since February 1978, when Jimmy Carter was president.
The labor force, according to BLS, is that part of the civilian noninstitutional population that either has a job or has actively sought one in the last four weeks. The civilian noninstitutional population consists of people 16 or older, who are not on active-duty in the military or in an institution.
At no time during the presidencies of Ronald Reagan, George H.W. Bush, Bill Clinton or George W. Bush, did such a small percentage of the civilian non-institutional population either hold a job or at least actively seek one.
Americans’ Participation in Labor Force Hits 35-Year Low
Via: CNS News
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Saturday, November 9, 2013

Businesses hire up to deal with more regs

A growing thicket of federal regulations under the Obama administration has contributed to an employment spike in at least one corner of the job market: the increasingly vital compliance industry.
 
ObamaCare, the Dodd-Frank Act and other large federal undertakings have led to an outpouring of new agency rules derided by business groups and defended by advocates.
 
But the regulations have also been a boon for professional compliance officers paid to help companies understand and adapt to the new requirements.  


“Staff to track compliance issues is on the rise, and it has been for the last several years,” said Richard Riese, senior vice president for regulatory compliance at the American Bankers Association. “And, at the moment, there’s no prospect it will decrease anytime soon.”
 
Data kept by the Bureau of Labor Statistics (BLS) shows an 18-percent increase in the number of compliance officers in the United States between 2009 and 2012, according to an analysis conducted by the conservative American Action Forum (AAF).
 
At last count, there were an estimated 227,500 compliance officers employed in the United States, according to the BLS. The bureau defines a compliance officer as an employee responsible for evaluating conformity with laws and regulations.
 
The agency estimates do not include professions like bank examiners, tax collectors, or Occupational Safety and Health Administration inspectors that are tasked to monitor companies for fraud and safety violations. 


Compliance officers make an average of just under $65,000 annually, a gross national labor cost of roughly $14.7 billion, according to the BLS data. 


Via: The Hill

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Friday, November 8, 2013

357,000 Fewer Women Held Jobs in October; Female Participation Rate Hits New Low

unemployed women(CNSNews.com) -- American women participating in the nation’s labor force hit a new low at a rate of 56.9 percent in October, according to data released today by the Bureau of Labor Statistics (BLS).
Additionally, the number of women holding jobs declined by 357,000 from September to October, and the unemployment rate increased for women from 6.7 percent to 6.9 percent.
In October, according to the BLS, the labor force participation rate for women was 56.9 percent, down from 57.1 percent in September and 57.3 percent in August.
As calculated by the Bureau of Labor Statistics, a person participates in the labor force if they are 16 or older, not institutionalized, and either have a job or have actively sought a job in the last four weeks. The labor force participation rate is the percentage of people over 16 in the non-institutionalized population who either have a job or actively sought one in the last four weeks.
In September, according to the BLS, the female civilian labor force was 72,705,000. In October it dropped to 72,492,000—a decline of 213,000.
Similarly, the number of women working in America dropped from 67,851,000 in September to 67,494,000 in October—a decline of 357,000.
Via: CNS News

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Friday, November 1, 2013

BLS: Real Wages Declined in 3rd Quarter; Down 3.2% Under Obama

Barack Obama(CNSNews.com) - The real median earnings of both men and women dropped in the third quarter of 2013 and are down 3.2 percent since President Barack Obama took office in the first quarter of 2009, according to data released today by the Bureau of Labor Statistics.
In non-inflation-adjusted dollars, Americans who worked full-time for a wage or salary had median usual weekly earnings of $775 in second quarter of 2013 and $777 in the third quarter. In current dollars that was $2-per-week increase. However, when adjusted for inflation, median earnings actually declined from the second to the third quarter, according to BLS.
BLS tracks median earnings not only in current dolalrs but also in constant 1982-84 dollars. Using that inlation-adjusted measure, full-time American wage and salary workers earned a median of $334 per week in the second quarter of this year, but only $333 per week in the third quarter.
Real median weekly earnings dropped for both male and female full-time workers during the quarter. The median weekly earnings for men dropped from $372 in the second quarter to $368 in the third, and the median weekly earnings for women dropped from $304 to $302.
When Obama took office in the first quarter of 2009, median weekly earnings for full-time wage and salary workers was $344. At that time, the median weekly earnings for men were $384 and the median weekly earnings for women were $304.

Monday, October 28, 2013

BLS: Gov’t Workers 'Absent' 50% More Than Private-Sector Workers

Thermometer(CNSNews.com) - A government worker is 38 percent more likely to be absent from work for personal reasons or illnesses than a private-sector worker, and government workers miss 50 percent more of their usual work hours as a result of such absences than do private sector workers, according to data from the Bureau of Labor Statistics.
Each month, the Census Bureau’s Current Population Survey collects information from 60,000 households, including information on employment status.  BLS uses this data to publish employment statistics.
The survey is conducted during the week that includes the 19th day of the month and the questions it asks that reference a particular week apply to the week that includes the 12th day of the month.
“When an employed wage and salary worker who usually works 35 hours per week is reported as having worked fewer than 35 hours during the survey reference week (including those with jobs who worked zero hours), a question is asked as to why he or she worked fewer than 35 hours,” explains the BLS. “Workers whose reasons for missing work include their own illness or other personal reasons (such as family responsibilities or transportation problems) are counted as having had an absence. Those who are reported as having worked fewer than 35 hours because of vacation, holiday, labor-management dispute, or bad weather which results in an employer temporarily curtailing business activities are not counted as having an absence.”
Via: CNS News

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Saturday, October 26, 2013

When the Have Nots Become the Haves

All these transfer payments impoverish the working middle class who pay the biggest share of their income in taxes and empower those who receive the benefits


Saul Alinsky the political thinker who seems to have had more impact on President Obama than any other was very clear in his most important book about what his motives were and what he was aiming at, “What follows is for those who want to change the world from what it is to what they believe it should be. ‘The Prince’ was written by Machiavelli for the Haves on how to hold power. ‘Rules for Radicals’ is written for the Have-Nots on how to take it away.”

With the November Revolution of 2008, which gave us one party rule for two years, the Progressive Democrat party saw their chance and they took it. Within the two years it took for the people to realize they needed some balance the Progressives passed ObamaCare which effectively gives government control of 1/6 of the economy. They passed Dodd-Frank which gives them extensive control over the financialsector. When they couldn’t push Cap-N-Trade even through a rubber-stamp Congress the President imposed it by executive order. When they likewise failed to muster enough of their own hacks to pass the Dream Act once again it was imposed by fiat.

The anti-capitalist programs of the Progressive Bush Administration’s final days were continued and amplified by the Obama Administration. TARP was followed by the Stimulus. The takeover of AIG was joined by the take-over of the auto industry and by force feeding money into the economy for years of quantitative easing as the casino we call the stock market soars.

Unemployment reporting has become totally unhinged from reality as the real rate stays at levels which would easily shine the light of truth on the fiction of a recovery.

According to the government’s own Bureau of Labor Statistics the real unemployment rate (U-6) has been continuously above 13% for the last year. This information is readily available (one click of the mouse) and yet the media (including Fox) have told us day-by-day that it is falling and is now down to 7.2. This typifies the manufactured reality the federal government and the Corporations Once Known as the Mainstream Media shovel into the public trough. If the plagiarized opinions I hear my fellow citizens share everyday are any indication the average person accepts the fiction as reality.

Wednesday, October 23, 2013

YEAR OF THE UNEMPLOYED WOMAN

Via Drudge, the Bureau of Labor Statistics reports that women are dropping out of the labor force in droves. And, no, it’s not because times are so good they can stay home and bake:
American women participated in the nation’s labor force in September at a rate that matched the lowest level in 24 years, according to data released today by the Bureau of Labor Statistics.
At the same time, the number of women actually holding jobs declined by 154,000 from August to September.
Back to the 1950s! That was the Obama campaign’s re-election slogan, wasn’t it? It is almost eerie how Obama’s policies are most devastating to his most loyal supporters–who, for the most part, are remaining loyal despite the havoc that the Obama administration has wreaked on their lives.

Tuesday, September 10, 2013

Pelosi Cites ‘Bright, Boundless Future’ Despite 90 Million Labor Force Dropouts

Nancy Pelosi(CNSNews.com) – Democrats in Congress are working to build a “bright and boundless future” for Americans despite “political obstruction” from their Republican counterparts, House Minority Leader Nancy Pelosi (D-Calif.) said Friday in a press release.
The top Democrat in the House called the Bureau of Labor Statistics’ (BLS) latest jobs report “a step forward” and said that Democrats are “focused” on “priorities” that “promote economic opportunities for middle class families.”
However, CNSNews previously reported that according to the same BLS report, the number of individuals who dropped out of the labor force in August “has pushed past 90,000,000 for the first time.” The number of Americans who are no longer part of the nation’s labor force increased by 9.9 million under the Obama administration.
“Democrats are working to move our country forward in building a strong economy that delivers the bright and boundless future that every American deserves,” Pelosi insisted.
She also criticized Republicans for “allowing Americans to languish under devastating sequester cuts.”
Via: CNS News

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Saturday, September 7, 2013

115,000 fewer Americans worked in August, 312,000 left workforce entirely

The Department of Labor released its August jobs report showing that 115,000 fewer Americans had jobs in August than did in July, and 312,000 fewer Americans participated in the workforce entirely. (Photo: Thinkstock)President Obama continued to preside over the weakest economic recovery since the Great Depression Friday, as the Department of Labor released its August jobs report showing that 115,000 fewer Americans had jobs in August than did in July, and 312,000 fewer Americans participated in the workforce entirely.
Employers did report creating 169,000 new jobs in August, but the Labor Department also cut the number of jobs created in July from 162,000 to 104,000, a 58,000 job loss.
Thanks almost entirely to the exit of more than 300,000 Americans from the labor force, the unemployment rate did fall from 7.4 percent to 7.3 percent. But if labor participation was the same today as it was just a year ago, the unemployment rate would be 7.7 percent.
The rate of job creation, already extremely weak for a supposed economic recovery, also showed clear signs of slowing. Incorporating the Labor Department's downwards jobs revisions, employers created 184,000 jobs over the past year, but only 160,000 jobs over the last six months, and only 148,000 jobs over the last three months.

Friday, September 6, 2013

13.0%: Unemployment Climbs in African American Community; 210,000 Fewer Jobs

President Barack Obama(CNSNews.com) - The unemployment rate in the African American community climbed from 12.6 percent in July to 13.0 percent in August, according to data released today by the Bureau of Labor Statistics.
At the same time, the number of African Americans 16 year or older who held jobs dropped from 16,318,000 in July to 16,108,000 in August--a decline of 210,000.
The labor force participation rate in the African American community dropped from 61.4 percent in July to 60.8 percent in August. The 60.8 percent African American labor force participation rate in August was the lowest that rate has been since July 1982.
When President Barack Obama took office in January 2009, the African American labor force participation rate was 63.3 percent.
The labor force participation rate is the percentage of the population 16 years or older who either had a job or actively sought one in the last four weeks.
Overall, in August, the national labor force participation rate dropped to 63.2 percent, the lowest it has been since August 1978.
Via: CNS News

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90,473,000: Record Number Not in Labor Force--Up Almost 10M Under Obama

President Barack Obama(CNSNews.com) - The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.
The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000--a one month increase of 516,000.
In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 9,966,000 during Obama's presidency.
Part of the increase in the number Americans not participating in the labor force can be explained by Baby Boomers reaching retirement age and deciding to stop working--and not be replaced by an equal number of younger people reaching age 16 and thus becoming part of the BLS labor force population.
Via: CNS News

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Thursday, September 5, 2013

Planned Layoff Surge, May Reflect 'Widening Cracks' in Economy, Challenger Reports

The number of planned layoffs at U.S. firms surged in August to their highest in half a year, with industrial goods manufacturers the hardest hit, a report on Thursday showed.

Employers announced 50,462 layoffs last month, up 33.8 percent from 37,701 in July, according to the report from consultants Challenger, Gray & Christmas, Inc.

The August job cuts were up 57 percent from the same time a year ago.

Editor’s Note: 5 Reasons Stocks Will Collapse . . . 

For 2013 so far, employers have announced 347,095 job losses, close to the 352,185 that were seen in the first eight months of last year.

Industrial goods manufacturers saw the biggest layoffs, cutting 22,162 employees, the largest total for the sector since January 2009.

"Heavy job cuts in the industrial goods sector are never a good thing, as they can be indicative of widening cracks in the economy's foundation," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

"However, the August surge in industrial goods job cuts was driven largely by falling global demand for mining equipment," he said.

The computer sector came in second, letting 4,663 workers go.

The figures come one day ahead of the key U.S. non-farm payrolls report, which is forecast to show the economy added 180,000 jobs in August, keeping the unemployment rate flat at 7.4 percent.


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