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Thread: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

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    Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

    'The Bureau of Labor Statistics released a significantly weaker than expected August jobs report Friday morning.

    Employers added just 142,000 jobs last month, sharply lower than the 225,000 economists were anticipating and the smallest monthly gain of 2014. The unemployment rate, which is drawn from a different survey of households, dropped from 6.2% to 6.1%.

    The July payroll number was revised up from plus 209,000 jobs to plus 212,000 but June’s count was revised down from 298,000 jobs added to 267,000. Total employment gains those months were therefore 28,000 lower than what BLS — a division of the Department of Labor — previously reported. Job growth has averaged 212,000 for the last twelve months.'


    Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1% - Forbes


    BTW, the unemployment rate dropped principally because the labor force participation rate dropped...again.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Aside from the monthly up and down game of new jobs and unemployment rate, the serious concern for me, and we have a similar problem in Canada but not nearly as bad, is the continued drop in the participation rate which bodes ill for sustainability of the social safety net relied upon by seniors. It's one reason why Canada welcomes upwards of 250,000 new economically contributing immigrants each year and why countries like Japan, with their laws against non-ethnic Japanese immigration, are going down the road towards serious economic stagnation and difficulty.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    As usual, if you look at the household data (which is different then the headline numbers), you get a more detailed picture.

    http://www.bls.gov/news.release/empsit.nr0.htm

    Table A-9. Selected employment indicators

    http://www.bls.gov/news.release/empsit.b.htm


    The household data says:

    - only 16,000 more people were employed in August

    - if you look at the full/part time totals, 127,000 more people were working full time, but 327,000 less people were working part time for a total of 200,000 less people were employed in August (I bet the White House won't be touting those numbers).

    - since April, only 201,000 more people are employed full time...under 51,000 per month on average.

    - manufacturing had 0 more people employed in August over July.


    Anyone that thinks these are numbers indicative of a healthy economy do not, IMO, know what they are talking about.
    Last edited by DA60; 09-05-14 at 12:56 PM.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    i forgot that it was jobs report day. i will lift a toast tonight to the economy, which is doing awesome and horrible.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Helix View Post
    i forgot that it was jobs report day. i will lift a toast tonight to the economy, which is doing awesome and horrible.
    The only thing as dependable as the biased interpretations of the monthly jobs report is Helix's monthly quips about the biased interpretations of the jobs report.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    In response to todays dismal jobs #s the LA Times said we should spend more on " infrastructure and education ".......

    Wow.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Slyfox696 View Post
    The only thing as dependable as the biased interpretations of the monthly jobs report is Helix's monthly quips about the biased interpretations of the jobs report.
    i do admit that i enjoy the jobs report threads, and how interpretations of the data shift with the political winds.

    and i would have gotten away with it, too, if it weren't for you meddling kids.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Rule of thumb in the current job market: When you see the Unemployment rate (UR) change look first at the participation rate (PR) for the explanation. If PR magnitude and direct match UR then most of the UR change is likely just the PR change.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by Fenton View Post
    In response to todays dismal jobs #s the LA Times said we should spend more on " infrastructure and education ".......

    Wow.
    Of course....the solution is to cut govt spending further, what we need is less spending all around, which everyone knows creates employment.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

    Quote Originally Posted by DA60 View Post


    BTW, the unemployment rate dropped principally because the labor force participation rate dropped...again.
    Primarily due to....a lack of well paying full time jobs.

    Any solutions?
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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