Patrick.net

169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up

By zzyzzx   Follow   Fri, 1 Feb 2013, 7:28am   321 views   6 comments
In Baltimore MD 21230   Watch (1)   Share   Quote   Permalink   Like (1)   Dislike (1)  

http://cnsnews.com/node/634758

(CNSNews.com) - The number of Americans not in the labor force grew by 169,000 in January, according to the Bureau of Labor Statistics’ latest jobs report.

BLS labels people who are unemployed and no longer looking for work as “not in the labor force,” including people who have retired on schedule, taken early retirement, or simply given up looking for work. There were 89 million of them last month.

The number of people not in the labor force had declined in December to 88.8 million from 88.9 million in November.

The nation's unemployment rate increased a tenth of a point in January, rising to 7.9 percent from 7.8 percent, a level the Labor Department described as "essentially unchanged."

"Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent," the U.S. Bureau of Labor Statistics reported Friday morning. It said jobs were added in retail trade, construction, health care, and wholesale trade.

The number of unemployed persons, at 12.3 million, was little changed in January and has been at this level since Sept. 2012.

Viewing Comments 1-6 of 6     Last »     See most liked comments

1. zzyzzx Follow Befriend (9) 410 threads 4,107 comments Baltimore, MD

   1   8:49am Fri 1 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike (1)   Article fails to say if figures are seasonally adjusted.

2. iwog Follow Befriend (48) 272 threads 12,446 comments 47 male Lafayette, CA Premium

   2   8:51am Fri 1 Feb 2013   Share   Quote   Permalink   Like (2)   Dislike (2)   Protected   The stock market is loving the news right now. Any attempt to spin this as some horrible indictment of Obama is a joke considering the REAL capitalists are buying.

3. zzyzzx Follow Befriend (9) 410 threads 4,107 comments Baltimore, MD

   3   9:21am Fri 1 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike   KarlRoveIsScum says Yawn, seasonal employees. Usual January tick down. Rate is too high, irregardless if seasonally adjusted, seasonal employees, or not.

4. TechGromit Follow Befriend (6) 85 threads 968 comments 44 male Egg Harbor City, NJ

   4   11:43am Fri 1 Feb 2013   Share   Quote   Permalink   Like (1)   Dislike   If there not collecting unemployment, they are just lazy, not unemployed. if we go with those numbers, we'll be looking at a 3% unemployment rate. happy times are here again.

5. Bubbabear Follow Befriend (9) 229 threads 332 comments Yorba Linda, CA

   5   9:24am Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike   zzyzzx says Article fails to say if figures are seasonally adjusted. Yep ! That fastest horse on the planet is GIMPING right along ... http://www.shadowstats.com/alternate_data/unemployment-charts

6. New Renter Follow Befriend (3) 13 threads 2,195 comments San Jose, CA Premium

   6   9:48am Mon 4 Feb 2013   Share   Quote   Permalink   Like   Dislike   Protected   TechGromit says If there not collecting unemployment, they are just lazy, not unemployed. if we go with those numbers, we'll be looking at a 3% unemployment rate. happy times are here again. Shouldn't you be at work now or are you just being lazy?