patrick.net

 
  forgot password?   register

#housing #investing #politics more»
735,296 comments in 75,660 posts by 10,906 registered users, 10 online now: AllTruth, Blurtman, ch_tah2, Dan8267, lostand confused, Quigley, Straw Man, tovarichpeter, TwoScoopsMcGee, YesYNot

new post

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

By zzyzzx   2013 Jan 31, 11:28pm   740 views   6 comments   watch (1)   quote      

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 »

1   zzyzzx   567/567 = 100% civil   2013 Feb 1, 12:49am  ↑ like (1)   ↓ dislike (1)   quote    

Article fails to say if figures are seasonally adjusted.

2   iwog   1473/1474 = 99% civil   2013 Feb 1, 12:51am  ↑ like (2)   ↓ dislike (2)   quote    

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   567/567 = 100% civil   2013 Feb 1, 1:21am  ↑ like (1)   ↓ dislike   quote    

KarlRoveIsScum says

Yawn, seasonal employees. Usual January tick down.

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

4   TechGromit     2013 Feb 1, 3:43am  ↑ like (1)   ↓ dislike   quote    

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   Bubbabeefcake     2013 Feb 4, 1:24am  ↑ like   ↓ dislike   quote    

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     2013 Feb 4, 1:48am  ↑ like   ↓ dislike   quote    

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?

Comments 1-6 of 6     Last »

users   about   suggestions   contact  
topics   random post   best comments   comment jail  
patrick's 40 proposals  
10 reasons it's a terrible time to buy  
8 groups who lie about the housing market  
37 bogus arguments about housing  
get a free bumper sticker:

top   bottom   home