2) July and August report has been adjusted to add 86,000 jobs. Or, you could look at it as the Sept new jobs number is 200,000 higher than August, which should move the bar a little.
The jobs report in six charts
Labor participation up... unemployed down by 456K and employed up by 870K. It was a good month.
Last edited by upsideguy; 10-05-12 at 10:09 AM.
The 7.8% number is a joke.
The U-6 number didn't budge. The participation rate stayed virtually the same. And only 114,000 jobs were created - not remotely enough to lower the rate by 0.3%.
Even with the revisions of past jobs created (which apparently were mostly government jobs that were mysteriously unnoticed before - suuuure), the numbers do not add up.
And again, the U-3 rate is irrelavent, the U-6 is the true indicator...and it did not move.
Obamanomics cannot work, Bernanke's helicopter economics xpcannot work and Keynesian economics cannot work.
Anyone who believes otherwise simply does not understand macroeconomics...period.
They may understand economic terms and theories (and excuses). But they do not understand real world economics.
Precious metals and agricultural commodities is where your money (imo) should be until the money 'printing'/record low interest rates end.
Look for those numbers to be quietly revised up again later... again.
And when you get into the meat of the numbers you see:
It is telling that the President just went on TV and declared victory when the reality is a staggering defeat. How delusional do you have to be to believe this is good news?
Contained in the data are some disturbing numbers. The labor force participation rate remained near its recent low from August, with a September rate of 63.6 percent. The increase in the number of people employed is primarily due to people who found part time work but want a full time job. The number of people in that category rose by 600,000 to 8.6 million.
About 12.1 million workers remain unemployed. The number of workers unemployed for 27 weeks or more showed little change at 4.8 million. These hard core unemployed now represent 40 percent of all those unemployed. The average number of weeks unemployed rose for the third month in a row to 38.8 weeks.
An alternate calculation of unemployment produced by the BLS adds the number of unemployed, the number of part time workers who want full time work and the number of those marginally attached to the workforce. The U-6 unemployment rate remained steady at 14.7 percent.
Unemployment rate falls to 44 month low - National Unemployment | Examiner.com
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@ people creating their own reality in this thread. What planet do you folks live on that any good news for Obama is distrusted based on no evidence. Those polls you link when Romney was doing well or Republicans were about to sweep in 2010 are no longer true because Obama started to lead. Unemployment numbers when they go up are linked constantly on here but when they go down must be a conspiracy.
“Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes
"He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)