RECORD 94,031,000 PEOPLE NOT IN LABOR FORCE

The number of people not in the labor force exceeded 94 million for the first time, hitting another record high in August, according to new jobs data released Friday by the Bureau of Labor Statistics.

The BLS reports that 94,031,000 people (ages 16 and over) last month were neither employed nor had made specific efforts to find work in the prior four weeks.

The number of individuals out of the civilian work force represented a jump of 261,000 over July’s record of 93,626,000 people.

August’s labor force participation rate remained at the same level as the prior two months at 62.2 percent, the lowest level seen since October 1977 when the participation rate was 62.4 percent.

The civilian labor force also experienced a slight decline of 41,000 people, compare to July’s 157,106,000 people in the civilian labor force to 157,065,000.

In total 149,036,000 people were employed in August, 8,029,000 were unemployed, and 5,932,000 people who wanted a job.

Overall the Labor Department reported that the economy added 173,000 jobs in August. The unemployment rate was 5.1 percent, lower than July’s 5.3 percent.

Via: Breitbart

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Jobs Report Shows Millennials Need A Republican President

Millennials continue to struggle under President Obama—no wonder 73 percent think finding a job will be difficult once they graduate. What my generation needs is the opportunity to achieve the American Dream, not the failed Obama policies that make it tough to find a job. Hillary Clinton would be more of the same. We need a new direction and a Republican president.

BACKGROUND:

The Unemployment Rate For 16-24 Year Olds Increased From 11.6 To 12.2 Percent In May. (Bureau Of Labor Statistics, Accessed 6/5/15)

The Unemployment Rate For 20-24 Year Olds Increased From 9.6 To 10.1 Percent In May. (Bureau Of Labor Statistics, Accessed 6/5/15)

The Unemployment Rate For 25-34 Year Olds Stayed At 5.8 Percent In May.(Bureau Of Labor Statistics, Accessed 6/5/15)

Survey of Young Americans’ Attitudes toward Politics and Public Service(Harvard Institute of Politics, 3/18/15-4/1/15)

119. Based on the current state of the economy, how easy or difficult do you think it will be for students in your class to find a permanent job after graduation?

Very easy…......................3%

Somewhat easy............. 23%

Somewhat difficult........61%

Very difficult..................12%

When Compared With The Overall Labor Market, The Young-American Economy Is “Sort Of Terrible.” “But a deeper look at the Young-American Economy today suggest that, in contrast to the overall labor market, it is still sort of terrible.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

“The Median Income For People Between 25 And 34 Has Fallen In Every Major Industry But Healthcare Since The Great Recession.” “A recent analysis of the Current Population Survey last year found that the median income for people between 25 and 34 has fallen in every major industry but healthcare since the Great Recession began.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

For Recent College Graduates Underemployment Is “High,” The Quality Of First Jobs Is “Getting Worse” And” Wages Are “Growing Slowly, If At All.”“Underemployment (the share of college grads in jobs that historically don’t require a college degree) is high. The quality of these first jobs is getting worse. And, for these reasons, wages are growing slowly, if at all.” (Derek Thompson, “The Economy Is Still Terrible For Young People,” The Atlantic, 05/19/15)

Via: GOP.com

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BLACK UNEMPLOYMENT NEARLY DOUBLE NATIONAL RATE, TWICE AS HIGH AS WHITE UNEMPLOYMENT

The unemployment rate for African Americans was nearly twice the national average and more than double the unemployment rate for whites last month, according to new jobs data released Friday by the Bureau of Labor Statistics.

According to the BLS, African Americans experienced an unemployment rate of 10.2 percent in May, up from 9.6 percent in April.

Meanwhile, the national average was 5.5 percent in May with whites experiencing an unemployment rate of 4.7 percent. Unemployment for Latinos was around the middle at 6.7 percent and Asians boasted the lowest unemployment rate with 4.1 percent.

While unemployment for African Americans remained high, the civilian labor force among African Americans expanded by 31,000 to 19,428,000 in May. The BLS reports that 17,441,000 African Americans were employed while 1,988 were unemployed. Another 11,898 were not in the labor force.

Whites also saw the level of participation in the labor force increase, with the civilian labor force growing by 365,000 to 123,875,000. Of that 118,048 were employed and 5,827 were unemployed with 72,798 out of the workforce.

Nationally the civilian labor force increased by 397,000, reaching 157,469,000 in May. Of those participating 148,795,000 had a job and 8,674,000 were unemployed. Some 92,986,000 were outside the labor force.

Via Breitbart

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Economists have discovered how bad the economy really is

Unemployment is almost back to normal, but the economy isn't.

That isn't because the unemployment rate is a conspiracy to make things look better than they really are. It's because even though the unemployment rate tells us the most about the labor market, it doesn't tell us the full story. All it does is show us how many people who are actively looking for work can't find it. But that leaves out the "shadow unemployed" who want full-time jobs but have either given up looking for them or can only find part-time ones. That usually doesn't make that big a difference, but it does now, because, even six years after the crisis has ended, there still isn't much that's usual about this economy.

Now if you add it all up, this shadow unemployment means our jobs hole is more than three times as big as it looks. That, at least, is what economists Danny Blanchflower and Andrew Levin found when they looked at how low the unemployment rate is versus how low we think it could go, how high the participation rate is versus how high we think it could go, and how many people can only find part-time jobs. That first part tells us how much further unemployment itself could fall, the second how many discouraged workers could come back, and the last how many people would work more if they could. In other words, it shows us the gap between how many full-time jobs we have and how many full-time jobs we need. The result, as you can see above, is that instead of being a million full-time jobs short, like the unemployment rate says we are, we're about 3.5 million short.

Via: Washington Post

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[CARTOON] Obama’s View

Via: California Political Review
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Energy-booming states continue to outshine energy-regressive states

The Federal Government released yesterday its monthly “Regional and State Employment and Unemployment” report of January. (The State numbers are released 4-6 weeks after the national numbers are out).

Here are some interesting numbers about January – the latest month available:

– The unemployment rate in Texas (5.7%), Utah (3.9%), South Dakota (3.6%), and in North Dakota (2.6%) are well below January’s national UR of 6.6%, while the UR in Illinois (8.7%), California (8.1%), and New York (6.8%) are higher than the national average. A key issue that empowers the first half state over the second half is energy production: ND and TX have massively increased their production in recent years while NY and CA have both cut their natural gas and crude oil production since 2008.

– In terms of jobs, Texas added 778,600 jobs in the last five years starting with February 2009 (Obama’s first full month in office), while California produced 644K jobs in the same period. New York State came in a distant third with 270,500 added jobs. ND in this same period produced about 85K jobs. Remember: ND does not even have close to 1M people living there while NY has almost 20 million and CA almost 40 million!

- The 863,600 combined jobs created in two of the most energy-producing states (TX-ND), account for 24.3% of the net jobs created since Obama’s first full month in office. Meanwhile, NY and CA, two energy-regressive states with a combined population more than double of TXND, produced only 25.7% of the jobs over the same period.

Considering that the jobs data are based on surveys and rough estimates subject to endless revisions, it’s fair to say that job gains in NYCA are essentially the same as in TXND despite boasting 58M people to the 27M of TXND.

If only the people running GOP messaging had the brains to showcase those numbers during the 2012 election.

Democrats try to dismiss  these numbers by claiming that those jobs are low-paying. Putting aside the fact that by saying this, the Democrats are trashing a BIG percent of the Obama-era jobs, the fact is that of all the state that income to the bottom 5% fell since the recovery began, it dropped least in TX. Better yet, of the three states that income to this class actually rose, it did best in ND!

Via: The Right Scoop

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Teen Unemployment: 20.7%, More Than Three Times the National Average

(CNSNews.com) -- The teen unemployment rate went up in January to 20.7% -- from 20.2% in December-- and is now more than three times the national unemployment rate of 6.6%,  according to the latest data from the Bureau of Labor Statistics (BLS).

The BLS numbers show there were 1,140,000 people ages 16-19 unemployed in December. For January, that number was 1,147,000 -- an increase of 0.6%.

The teen unemployment rate (seasonally adjusted) has been in the 20s range (high and low) since October 2008. It hit a high of 27.3% in October 2010.

Via: CNS News

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Zogby Report Card: Only 29% say Obama has nation headed in right direction

Pollster John Zogby reports in our weekly White House report card that President Obama's numbers are mixed, both in approval rating and right-direction, wrong-direction.

"I am a numbers guy and the numbers are mixed. Troubling for Obama is that so few Americans feel the U.S. is headed in the right direction (29 percent average) and that the stock market is falling. This could be the inevitable correction and the obvious impact of the Fed's tapering.

“He is also still upside down in public opinion toward Obamacare, though the gap between supporters and opponents is not really widening.

“On the flip side, his approval numbers are averaging at 43 percent, more like 44 percent in the most recent polls, and the numbers of applications for jobless benefits are considerably down. Unemployment is down to 6.6 percent, and only 113,000 new jobs were created, but November and December job numbers have been revised up.

“CBO comes out with a report that appears to be two-handed — Obamacare discourages people from staying on the job one day, but the next day, it encourages people to stay working. Thanks for the clarity, guys.

“And House Speaker John Boehner says there will be no immigration reform law this year, playing to his base and helping the president play to his."

Grade -- C

Via: Washington Examiner

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Brit Hume's AWESOME Takedown of Obama: The Jobless Benefits Push Is an Admission of Your Own Failure

Hume: Jobless benefits push an admission of WH 'failure'?

Fox Senior Political analyst Brit Hume sounds off on the political implications of jobless benefits extension fight

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BRET BAIER, FOX NEWS ANCHOR: Senior political analyst, Brit Hume, has some thoughts tonight on the political and practical fallout from the fight over the jobless benefits. Good evening, Brit.

BRIT HUME, FOX NEWS SENIOR POLITICAL ANALYST: Hello, Bret. The administration's appeal for a further extension of unemployment benefits may succeed in putting Congressional Republicans in a tight spot if they resist. In that sense, it may be a shrewd political move, yet embedded in it is an extraordinary acknowledgment of failure by the president and his party.

We're now four and a half years into an economic recovery that Democrats keep telling us is getting better all the time, yet, the job market remains so weak, the jobless rate so high that the president considers it an emergency. Indeed, that is the official name of these extended benefits, emergency unemployment compensation. Normally, unemployment payments run out after 26 weeks, but that was extended five years ago to 99 weeks and has been repeatedly extended since.

Now though, it's running out for an estimated 1.3 million people. No one is arguing that these benefits should go on forever, and the White House notes it is only asking for another three more months at a cost of about $6 billion. So, will that be the end of it? Will the emergency at last be over? All Obama advisor, Gene Sperling, would say today is that three months would provide time to discuss what to do for the rest of the year.

Upon taking office, the president and the party set two big goals. One was to revive the economy, the other to reform health care. The Obamacare mess tells us where we are on one, the call for further unemployment payments tells us where we are on the other -- Bret.

BAIER: Well, the White House denies this, but what about this as a political tool and what are the prospects of jobless benefits getting through this Congress?

HUME: Well, if the administration and the Democrats are willing to find some offsets -- another spending to cover the cost of these extended unemployment benefits, my guess is it sells through. If they don't, Republicans at least have a talking point to counter the administration's argument that they once again typical Republicans are being hard-hearted and not showing sufficient compassion to downtrodden and those who are out of work.

I still think the issue has some mileage for the president and his party, particularly, if the Republicans resist, but I don't think it overcomes the other issues that I mentioned earlier.

BAIER: Okay, Brit, thank you.

HUME: You bet.

Via: Fox News

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Democrats Say Pass Extension of Unemployment Benefits First; Pay Later

(CNSNews.com) - Interrupting their vacation on Thursday, two Democrats -- Sen. Jack Reed of R.I. and Rep. Sander Levin of Michigan -- demanded that Republicans go along with a three-month extension of long-term unemployment benefits without immediately paying for them. The cost of a three-month extension is around $6.5 billion.

Losing jobless benefits is like being hit by an "economic hurricane," said Rep. Levin, who sits on the House Ways and Means Committee.

"And so that's the reason why, in the past -- much more often than not -- there has not been a pay-for. They haven't been offset. And I think what we hope to do both in the Senate and the House is to pass this three-month provision on a bipartisan basis -- not offset, and then we can sit down and talk further about where we go from here."

Sen. Reed said Democrats have introduced a bill providing a three-month, unpaid-for extension because "it will us the time to work on changes to the program that's necessary, but also time to look for appropriate pay-fors. And there are a long list of pay-fors, from offshore tax breaks, several (tax) loophole closings." He said any "serious discussion about tax policy" would produce a way to pay for the extension.

Via: CNS News

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Dem Rep Wants Public ‘Rage’ over Unemployment Benefits Similar to Prospect of Syria Intervention

Appearing on MSNBC on Thursday, Rep. Gwen Moore (D-WI) scolded her colleagues in Congress for failing to extend unemployment benefits for long-term jobless before they expire at the end of the year. Moore said that she hoped to see “rage” from Americans over the lapse of unemployment benefits in the same way Americans revolted over the prospect of intervening in the Syrian civil war. 

Asked about the end of unemployment benefits for millions of Americans, Moore said that there was a perception issue among many that long-term unemployed are “lazy.” She said that even those with advanced degrees are suffering as a result of America’s chronic unemployment.

RELATED: Rand Paul to Fox: Continuing Unemployment Benefits Does ‘Disservice to Workers’

“If we can generate the kind of rage in the American public that we have seen when, say, for example just recently there was talk of going to Syria, I think we could get people on board for doing this really American thing,” Moore concluded.

Via: Mediaite.com

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In 27 states, unemployment is at its lowest in at least four years

Unemployment has reached multi-year lows in 27 states, a bit of positive news for state labor markets that are still struggling through a mild recovery.

In just over a third of states, there are more jobs now than there were when the recession began, according to an analysis of new Labor Department data by the Economic Policy Institute, a think tank focused on the needs of low- and middle-income workers. There may be more jobs in many states since the recession, but there are also more people.

In only one state, oil-rich North Dakota, has the growth in jobs outpaced the growth in the working-age population, according to the EPI analysis. Forty nine states have added more adults in their working prime than jobs for them to fill. And the share of the working-age population that has jobs has declined in every state since 2007, though the fall has only been statistically meaningful for 35 of them, according to a Pew analysis.

Still, states are making incremental improvements. Not a single one saw unemployment rise in November, according to the Labor Department. (Rates held steady in five states and fell in 45.) Idaho, North Carolina and New Jersey saw the biggest monthly declines, shedding 0.6 percentage points each from their unemployment rates. Unemployment in Idaho is now 6.1 percent, while it’s 7.4 percent in North Carolina and 7.8 percent in New Jersey. Unemployment was highest in Nevada and Rhode Island, where it was 9 percent, and lowest in North Dakota, where it is 2.6 percent.

Via: Washington Post

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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.

Via: CNS News
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Obama Weekly Address: Calling on Congress to Extend Unemployment Benefits this Holiday Season, November 7, 2013

• In this week’s address, President Obama says that before Congress leaves for vacation, they should extend unemployment benefits for 1.3 million hardworking Americans who will lose this lifeline at the end of the year.

  Via: Whitehouse.gov
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U.S. unemployment rate hits 5-year low, eyes on the Fed

* Non-farm payrolls rise 203,000 in November

Related Stories

• Unemployment rate hits five-year low, eyes on the Fed Reuters
• Upbeat U.S. data points to growth momentumReuters
• U.S. retail sales signal rise in demand; inflation tame Reuters
• Jobs report headlines big data week aheadMarketWatch
• U.S. 3rd-quarter GDP revised higher as inventories bulge Reuters

* 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.

Via: YAHOO

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False job numbers: Did the White House know?

That like asking is snow white!!!!

Let me be the first to ask: Did the White House know that employment reports were being falsified?

Last week I reported exclusively that someone at the Census Bureau’s Philadelphia region had been screwing around with employment data. And that person, after he was caught in 2010, claimed he was told to do so by a supervisor two levels up the chain of command.

On top of that, a reliable source whom I haven’t identified said the falsification of employment data by Census was widespread and ongoing, especially around the time of the 2012 election.

There’s now a congressional investigation of how Census handles employment data. And we can hope that we’ll find out this was just an isolated incident.

But let me tell you why it might not be.

Back in 2009 — right before the 2010 census of the nation was taken — there was an announcement that the Obama administration had decided that the Census Bureau would report to senior White House aides.

The rumor was that Chief of Staff Rahm Emanuel was in charge of the nationwide head count.

The chief of the Commerce Department usually oversees the Census, which determines how many congressional representatives and how much money each state gets for the next decade. But the Obama administration had decided — the story went — that Emanuel was a better guy for the job.

Via: NY Post

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I TOLD YOU SO: OBAMA REALLY STOLE THE ELECTION

I 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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Rick Santelli Rages Against Media Over ‘Manipulated’ Unemployment Data Allegations

On Tuesday morning, CNBC’s Rick Santelli raged against the American media in light of a New York Post report alleging that Census bureau employees have been caught “fabricating” some data that went into unemployment reports over the last several years, including possibly the controversial report revealed one month before the 2012 election.

The September 2012 jobs report showed a dip in unemployment from 8.1 to 7.8 percent, raising eyebrows among many business-oriented personalities, including former GE CEO Jack Welch and Santelli himself.

While these so-called “jobs truthers” alleged “ideological” motivation behind such data manipulations, the Post report indicates that if there was any widespread manipulation, it was due to Labor Department demands being so high that Census employees simply made up information to fulfill a quota.

Nevertheless, on Tuesday morning, Santelli felt vindicated by such reports indicating any level of manipulated data. During his “Santelli Exchange” monologue, the veteran Chicago-based reporter railed against his media colleagues for dismissing his suggestion that the pre-election numbers could have been incorrect.

“If we know now what we knew then,” the economy could be in a different place, he suggested. “If it turns out these claims are true… it wasn’t only about the economy, it was about healthcare, it wasn’t polling well. It was the reassurances about the unknown.”

Santelli seemingly suggested that if we had known back in September 2012 that the president’s “grandfather clause” on the Affordable Care Act would turn out to be a “lie,” the way the media treated that pre-election jobs report might have been different.

The CNBC reporter moved into a shout as he railed against how that potentially “fake” jobs report resulted in Federal Reserve undertaking monetary policies that drastically shifted the economy.

“All outcomes would have changed,” he concluded. Next time, he said, the media “must do better.”

Watch below, via CNBC:

Via: Mediaite.com

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

In 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.

Via: New York Post

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Caught in unemployment's revolving door

Getty Images

Job seeker holds an employment application at a job fair on November 7, 2013 in West Palm Beach, Florida.

On a cold October morning, just after the federal government shutdown came to an end, Jenner Barrington-Ward headed into court in Boston to declare bankruptcy.

It took weeks to put the paperwork together, given that her papers and belongings were scattered across the country — there was a broken-down car and boxes of paperwork in Virginia Beach, clothes in Colorado and personal possessions at a friend's house in Somerville, Mass. She managed to estimate her income — maybe $5,000 last year, but maybe half that this year — from odd jobs. Soon, she would officially have nothing.

It has been a painful slide. A five-year spell of unemployment has slowly scrubbed away nearly every vestige of Ms. Barrington-Ward's middle-class life. She is a 53-year-old college graduate who worked steadily for three decades. She is now broke and homeless.

(Read more: Job creation soars in October)

Ms. Barrington-Ward describes it as "my journey through hell." She was laid off from an administrative position at the Massachusetts Institute of Technology in 2008; she had earned about $50,000 that year. With the recession spurring employers to dump hundreds of thousands of workers a month and the unemployment rate climbing to the double digits, she found that no matter the number of résumés she sent out — she stopped counting in the thousands — she could not find work.

Via: CNBC

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