Household Jobs show disaster-labor force drops 1 million, job loss of 585K

[papau]

The GOP's favorite DOL jobs number, the Household survey number, shows bigger Job disaster than shown in the anemic 96,000 jobs gain in the payroll survey jobs number. The Household Survey reports 201,000 lost jobs in September since 139,681,000 were "seasonal adjusted" employed in Aug less 139,480,000 of Seasonal adjusted folks Employed in Sept., and that is a drop of 201,000 jobs. If you prefer numbers that are not seasonally adjusted, then 140,226,000 less 139,641,000, or 585,000 jobs were lost in Sept.

And that Steady 5.4% Unemployment rate is based on folks no longer being in the labor pool and therefore not counted as unemployed. The seasonal adjusted change is from 147,704,000 looking for work or employed in August to 147,483,000 looking for work or employed in Sept, or 221,000 folks dropped out. If you like non-seasonally adjusted numbers, then 148,166,000 less 147,186,000, or a huge 980,000 folks stopped looking for work or being employed in Sept.

NEARLY ONE MILLION FOLKS STOPPED LOOKING FOR WORK OR BEING EMPLOYED IN SEPTEMBER!!!!





http://www.bls.gov/cps/cpsatabs.htm

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Series Id: LNS12000000Seasonal AdjustedSeries title: (Seas) Employment LevelLabor force status: EmployedType of data: Number in thousandsAge: 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2004 138566 138301 138298 138576 138772 139031 139660 139681 139480



Series Id: LNU02000000Not Seasonally AdjustedSeries title: (Unadj) Employment LevelLabor force status: EmployedType of data: Number in thousandsAge: 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2004 136924 137384 137691 138423 138867 139861 140700 140226 139641



Series Id: LNS11000000Seasonal AdjustedSeries title: (Seas) Civilian Labor Force LevelLabor force status: Civilian labor forceType of data: Number in thousandsAge: 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2004 146863 146471 146650 146741 146974 147279 147856 147704 147483


Series Id: LNU01000000Not Seasonally AdjustedSeries title: (Unadj) Civilian Labor Force LevelLabor force status: Civilian labor forceType of data: Number in thousandsAge: 16 years and over

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2004 146068 146154 146525 146260 146659 148478 149217 148166 147186


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PAYROLL SURVEY 96,000 NEW JOBS IN SEPTEMBER

Series Id: CES0000000001Seasonally AdjustedSuper Sector: Total nonfarmIndustry: Total nonfarmNAICS Code: N/AData Type: ALL EMPLOYEES, THOUSANDS

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual

2004 130194 130277 130630 130954 131162 131258 131343 131471(p) 131567(p)

[madrchsod]

1. it doesnt take a weatherman......

almost everyone in the usa knows at least one person who is unemployed-under employed or completly fed up with their job but can`t find another. how many people have to work forced overtime because companies won`t or can`t hire more people. bush is toast when the debate over the economy takes place....

[ewagner]

2. Thanks for posting this

nice ammunition against the "economy is wonderful/prosperity is just around the corner" crowd.

[yellowcanine]

3. Oops - I guess * won't be using that one then. Hopefully Kerry's people

are on this in case * tries to use previous months' Household numbers to say things are much better than the official jobs numbers show.

[mhr]

4. Still Unemployed Here - Now 52 Months - No Interest From Anyone

CV includes

BSEE
MBA
Commercial Pilot
Honorably Discharged Naval Officer

Still looking though so not part of the One Million that stopped looking.

[Name removed]

5. Deleted message

Message removed by moderator. Click here to review the message board rules.

[mhr]

6. Spurious Argument - No One Knows That These Are Students

That is mere defensive speculation for the Bush apologists.

[xxqqqzme]

9. indeed - how many of those

'students' need 2 work to STAY in school?

[snowFLAKE]

10. Now you're just being silly

Lot's of students work in the summer, then return to school in September. That's a basic fact, not Rocket Science.

Consider the non-seasonally adjusted change in the labor force size from August to September from those Glorious Clinton years:

1994 -1,206,000
1995 -1,042,000
1996 -781,000
1997 -1,085,000
1998 -476,000
1999 -873,000

But, since no one knows whether these were students - let's conclude that Clinton JUST PLAIN SUCKED!!


BTW, on the flip side - if one is going to decry the August to September figures - aren't the May to June 2004 figures just a Tad Inconvenient - THE LABOR FORCE GREW BY 1,819,000!! Now, some might claim those were students starting summer jobs . . . but Heaven Forbid that common sense be allowed to prevail here at DU.

For the word-challenged - here's a picture showing that a spike in summer labor-force size is The Norm:



And jobs show a somewhat corresponding increase:

[mhr]

11. The Labor Force Can Grow - But That Does Not Mean That They

Had Jobs!

Common Sense Again!

[Name removed]

12. Deleted message

Message removed by moderator. Click here to review the message board rules.

[mhr]

14. Exactly! The Labor Force Keeps Growing But Few Can Find

Employment.

Duh!

[Name removed]

18. Deleted message

Message removed by moderator. Click here to review the message board rules.

[mhr]

22. Yes - The Part Of The Labor Force Looking For Work Is Shrinking!

I'm glad you finally understand!

[Jeff in Cincinnati]

17. Tought to spin, isn't it?

The Labor Force participation that Bush inherited was 67.0%, based December 2000 figures. As of last month, the participation rate is down to 65.9%. Given the level of the Labor Force in December of 2000 (143,275,000), the lower participation nets out to 1,576,025 fewer people working today.

But the problem, of course, is that the Labor Force didn't remain static. The population is growing, which means that in addition to the 1.5 million people who have lost jobs in the past four years, you have to include the 4.2 million people who have entered the Labor Force, but can't find work. In order to have the same Labor Force Participation rate as the Clinton Administration left, Bush would need to create an additional 5.7 million jobs between now and election day.

I find that prospect extraordinarily unlikely.

[Name removed]

19. Deleted message

Message removed by moderator. Click here to review the message board rules.

[papau]

13. You're taking all the fun out of it! - But 201,000 seasonally adjusted job

lost in Sept seems to be still an interesting number!

:-)

[Name removed]

15. Deleted message

Message removed by moderator. Click here to review the message board rules.

[mth44sc]

27. "THE LABOR FORCE GREW BY 1,819,000" WOWZER

I trust you know that this figure does not even equal the worst year of employment gains under Clinton.

http://angrybear.blogspot.com/2004/09/context.html

[struggle4progress]

32. I clicked your link and got

"Sorry, the file you have requested does not exist." :wtf:

[Art_from_Ark]

38. I clicked the link and had no problem accessing the web site

It starts out:

"According to the White House web page, Bush's proudest economic accomplishment is this: "The economy has posted job gains for each of the last twelve months – creating nearly 1.7 million jobs since August 2003." This is the boast they put at the top of the page, and the achievement that Bush mentions in every campaign speech."

[Media_Lies_Daily]

7. Not nearly that many.

[Just Me]

8. But, but, but,...GOP were citing HH survey as MORE accurate,...

,...than other figures.

Hee hee hee.

I haven't stopped job hunting and applying. But, I do wonder if I will ever land a position. Very tough times!!!

[SoCalDem]

16. The ripple effect is just starting, folks..

LOTS of those "unemployed" are MAIN breadwinners, not just "Mom's little pin-money jobs"..

there are kids who will not get to go to college
there are kids who will not get to go the the dentist/doctor/eye-doctor
there are people who will lose their homes/cars/retirement savings
there are people who will have to stop meds for chronic illnesses
there are lots of folks in the so-called "prime earning years" , who will be thrust back to the "teenaged-job" experience
There are divorces/broken homes just waiting to happen
there are undiagnosed cases of depression/suicides around the bend too

Joblessness hits at the very core of a person who "used to be" the provider/protector.

[Just Me]

20. Single mother of a 14 year old son,...

,...I am the only "breadwinner". As I said, very tough times.

[SoCalDem]

21. It's especially hard for single-parent families..

I don't know how you DO it..:cry:

[shrike]

23. Kerry's going to inherit a mess no matter how you slice it

His team better be ready to hit the ground running.

[BootinUp]

24. you're sooooooo pessimistic

I'm sure Bush will find some good number to spin. ;)

[Disturbed]

25. Underground money makers.

There are people that are no longer seeking jobs that are not counted as "Unemployed". Some of these people are making money doing things that are not reported officialy. What could some of those "things" be?

[tkmorris]

26. They are all on Ebay!

Of course, many of those folks on Ebay are selling things in order to pay the rent. Things they bought with their paycheck under Clinton. But hey, they count too right?

[barb162]

28. oh yeah, the economy is picking up, that's his line every month

[wellst0nev0ter]

31. More Whining From Economic Girlie Men

quit kvetching and suck it up!

[lovuian]

29. We are bleeding jobs in this country and Bush is letting

this country Hemorhage and go into Shock

The Republicans don't care just bleed jobs and we will get cheaper workforce well that workforce isn't going to buy nothing

Bush is putting this country in a Depression

why does this always happen to Americans when Republicans are president...

Americans are crazy if they vote this man in again!!!

[venus]

30. I hope Kerry uses some of these real-life statistics

presented here to hammer it home tonight. Just reciting numbers makes it seem things are not as bad as we are painting it. I want to

[Lindacooks]

33. kick

:kick:

[Bo]

34. All Hail Our Glorious Leader

He does no wrong

[jackieforthedems]

35. But Mr. Bush

will reassure you that nothing is wrong.

[struggle4progress]

36. kick

:kick:

[Robert Oak]

37. Demand Kerry come out stronger

against outsourcing, H-1B, L-1 Visa (foreigners being brought in
at cheaper prices to replace Americas within the US by multinationals)

yes the tax code restructuring is the first place to start and will help reduce outsourcing...health care cost reduction will also help.

But, he need to promote the ban of all federal contracts and state contracts from outsourcing..

Unfortunately, the

bottom line is, he has to deal with the reality of the PPI gap (cost of living - why an Indian will jump on a 10k salary while we live in a box on a 10k salary) and find solutions.

Basically a wage equalizer, is a tariff and we know the WTO
will scream bloody murder on it...

but maybe that is the way to go in some critical service jobs...

and that basically implied significant restructuring of the trade agreements, which we have not heard.

Right now, he just isn't offering enough and he just can't have
it both ways...he can't be a free trade person voting for free trade agreements, the WTO and NAFTA and be supportive of the middle class at this point.

this is unprecedented in history, never have the top jobs been so easily replaced with cheap foreign labor
and they absolutely MUST commit to Americans to take action to stop
this.

Don't let them run "retraining" at you either. Many people out of work have PhD's, Masters degrees with years of training...
since anything can be outsourced, there is no "retraining" that is immune except local services...and how many plumbers jobs are there in the US that would be exempt from outsourcing? (oops, they just
brought in plumbers from Costa Rica who are cheaper, see ya American plumbers!)

[4dsc]

39. Hey, rightie saying MORE Americans are working now

then in 2001?? What gives?? Of course, they are including the self-employed too.. How can they make these claims??