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


By zzyzzx   Follow   Thu, 31 Jan 2013, 11:28pm PST   417 views   6 comments
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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.

Comments 1-6 of 6     Last »

zzyzzx   Fri, 1 Feb 2013, 12:49am PST   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 1

Article fails to say if figures are seasonally adjusted.

iwog   Fri, 1 Feb 2013, 12:51am PST   Share   Quote   Permalink   Like (2)   Dislike (2)     Comment 2

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.

zzyzzx   Fri, 1 Feb 2013, 1:21am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 3

KarlRoveIsScum says

Yawn, seasonal employees. Usual January tick down.

Rate is too high, irregardless if seasonally adjusted, seasonal employees, or not.

TechGromit   Fri, 1 Feb 2013, 3:43am PST   Share   Quote   Permalink   Like (1)   Dislike     Comment 4

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.

Bubbabear   Mon, 4 Feb 2013, 1:24am PST   Share   Quote   Permalink   Like   Dislike     Comment 5

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

New Renter   Mon, 4 Feb 2013, 1:48am PST   Share   Quote   Permalink   Like   Dislike     Comment 6

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?

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