The BLS employment report shows total nonfarm payroll jobs gained were 214,000 for Cctober 2014, with private payrolls adding 209,000 jobs and government jobs gaining 5,000. This article graphs the jobs gained since the recession.
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.
The BLS employment report shows total nonfarm payroll jobs gained were another dismal 113,000 for January 2014, with private payrolls adding 142,000 jobs. Government jobs decreased by -29,000. The silver lining of the jobs report is while the government continues to cut, cut, cut, there wasn't a lot of growth in crappy jobs and gains achieved were in typically higher paying ones. The U.S. post office alone shed 9,000 jobs.
The BLS employment report shows total nonfarm payroll jobs gained were a paltry 74,000 for December 2013, with private payrolls adding 87,000 jobs. Government jobs decreased by -13,000. Worse, 40,400 of jobs gained were temporary ones. That's over half, 54.6%, of December's jobs were temporary.
The December current population survey unemployment report is just plain weird. First, the unemployment rate dropped another 0.3 percentage points to 6.7%, the lowest unemployment rate since October 2008. The unemployment rate dropped because over half a million people dropped out of the labor force. The unemployment rate's dramatic decline for 2013 is due primarily to people no longer being counted.
Welcome to the wild weird current population survey unemployment report where dramatic monthly swings cause paranoia and doubt. We shed light on these woolly figures and this month there is much to flash that light on. First, the unemployment rate dropped 0.3 percentage points to 7.0%. This is the lowest unemployment rate since November 2008.
The October unemployment report showed a record low labor participation rate of 62.8%, graphed below. Many dismiss these record low labor participation rates by claiming more people are retiring and young people are just in school. Is this true or is something more sinister going on?
There were 932,000 more people considered not in the labor force for October 2013 according to the BLS employment report. The labor participation rate plummeted to a new low of 62.8%. Happy belated Halloween America for the these are some crazy unemployment statistics that are one big scary surprise. While the month to month household survey figures vary greatly as a general rule, there is no government shutdown effect to explain away the monthly cliff dive of people no longer counted as part of the labor force this month.
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