The July employment report shows almost the same results as last month. The unemployment rate remained the same, 5.3%. The labor participation rate also did not change from the 62.6% low. More people dropped out of the labor force than became employed. While 144,000 dropped out of the labor force, only 101 thousand more became employed.
The June employment report brings some OMG, jaw dropping, are you kidding me numbers. Over 640,000 dropped out of the labor force. As a result, the unemployment rate declined two tenths of a percentage point to 5.3%. The labor participation rate dropped by -0.3 percentage points to 62.6%. This new low of a labor participation rate has not seen since October 1977 when women and minorities were still were not in the workforce extensively.
The April unemployment rate remained the same, yet unlike the past few months, the lack of change was not due to people dropping out of the workforce. Instead the participation rate ticked up a smidgen and more people were considered employed. The official unemployment rate is 5.4%, a tenth of a percentage point lower than last month.
The March unemployment rate remained the same, yet once again the BLS survey showed another huge increase in those not considered part of the labor force anymore and as a result the figure hit a record 93.175 million high. The official unemployment rate is 5.5%. The labor participation rate is also 62.7% and remains at 37 year record lows. From a year ago, the number of people considered not in the labor force has increased by over two million.
The February unemployment rate dropped yet again on a huge decline of those not considered part of the labor force anymore. The official unemployment rate is now 5.5%, a -0.2 drop from last month. The labor participation rate is at 37 year record lows. From a year ago, the number of people considered not in the labor force has increased by 1.5 million.
The December unemployment rate dropped on almost half a million more people considered not part of the labor force. The official unemployment rate is now 5.6%, a -0.2 drop from last month. The labor participation rate went back to 38 year record lows and is 62.7%. From a year ago, the number of people considered not in the labor force has increased by 1.2 million those considered employed grew by 2.7 million.
The BLS Npvember current population survey unemployment report shows almost a static situation from last month, unlike the reported payroll gains portion of the jobs report. The unemployment rate did not change and is still 5.8%. The labor participation rate also did not change from the very low, 62.8%. Even the unemployed's increase of 115,000 is statistically insignificant.
The BLS October current population survey unemployment report shows steady improvement in the unemployment situation continuing in 2014. The unemployment rate dropped to 5.8%, a rate not seen since July 2008. The unemployment rate dropped another one tenth of a percentage point on a dramatic monthly increase in employed as well as a drop in those unemployed. Those not in the labor force also declined for the month.
The September current population survey unemployment report dropped to 5.9% and all sing hallelujah the job crisis is over. The unemployment rate hasn't been this low since July 2008. The unemployment rate dropped two tenths of a percentage point in a month, but why it dropped is more interesting. The main reason is the decline in those participating in the jobs market.
The February current population survey unemployment report is just plain weird and it is not due to weather. First, the unemployment rate is an artificial 6.7%. The unemployment rate increased by 0.1 percentage points due to more people being officially counted as unemployed. Yet, the employment level is basically static, almost unchanged from last month, along with the labor participation rate.
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