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.
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.
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.
America's employment is the same as last month and we might look at the BLS report telling us, Doctor, the patient is still dead. Someone bring the crash cart for employment in America needs to be resuscitated. The BLS employment report shows the official unemployment rate declined a percentage point to 7.2%.
There are a host of claims out there on part-time work, including this one which claims 96% of all jobs in 2013 are part-time. Is this really true? There is no doubt people forced into part-time hours for economic reasons has dramatically increased, as we show every month in our unemployment overview and reproduce below.
The BLS employment report shows the official unemployment rate declined a percentage point to 7.3% as over half a million people dropped out of the labor force. The labor participation rate just hit a low not seen since August 1978. Less people were employed as well. People dropping out of the labor force is no way to lower an unemployment rate, yet this is what is going on, five years eight months after the start of the Great Recession.
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