October payroll employment rises (+171,000); jobless rate essentially unchanged (7.9%) http://go.usa.gov/vrK

realamerica Wrote:
-------------------------------------------------------
> October payroll employment rises (+171,000);
> jobless rate essentially unchanged (7.9%)
> http://go.usa.gov/vrK


August revised up again and September as well. 84K jobs added in revisions.

Yup yup yup - good news for the country indeed!

They now use concurrent seasonal adjustment which is constantly revised and subject to big errors at seasonal turns. As I mentioned before, the seasonal adjustments are heavily favorable from August to October.

The household survey shows more than 3 million new jobs in the last 12 months which doesn't make sense given the tepid growth. The other survey is playing catchup as businesses usually report their hires with a lag.

I believe I skimmed an article yesterday saying the jobs that are being delivered en masse as businesses turn optimistic again are NOT low-wage-seasonal-get-those-clerks-in-the-stores type.

bump to piss wingnut off..

Did notice an interesting anomaly in the household numbersat http://www.bls.gov/news.release/empsit.t01.htm

The jobs numbers for women show all the hiring is going to 16-19 year olds. The table for unadjusted figures has only 258K jobs for women overall but the 16-19 year old category has about 70K more jobs.

You numbnuts realize that we need to be adding like 350K+ every month just to get back to even right?

2 little 2 late Wrote:
-------------------------------------------------------
> You numbnuts realize that we need to be adding
> like 350K+ every month just to get back to even
> right?


you realize WHY we are here in the first place - right?


fucking dumbasses

think bush

every time we got to 'even' there was a massive economic bust. so something is wrong about where the public, the government, and industry anchors its expectations of what the economy should do.

4 more years, II Wrote:
-------------------------------------------------------
> I believe I skimmed an article yesterday saying
> the jobs that are being delivered en masse as
> businesses turn optimistic again are NOT
> low-wage-seasonal-get-those-clerks-in-the-stores
> type.


And I believe I skimmed an article that stated in the month of October, over 360,000 people applied for the first time for unemployment benefits.

Yes, 171K is a good start but not so much when you're trying to employ more than twice that many people plus the ones already on the unemployment roles.

Bottom line is we are still losing ground.

that's only the seasonally adjusted number. the total nonfarm was almost 1 million in October.

http://www.bls.gov/news.release/empsit.t17.htm

there's gap of almost 1 million between the two surveys as the business survey is severely undercounting the number of jobs.

SoylentGreen Wrote:
-------------------------------------------------------
> 4 more years, II Wrote:
> --------------------------------------------------
> -----
> > I believe I skimmed an article yesterday saying
> > the jobs that are being delivered en masse as
> > businesses turn optimistic again are NOT
> >
> low-wage-seasonal-get-those-clerks-in-the-stores
> > type.
>
>
> And I believe I skimmed an article that stated in
> the month of October, over 360,000 people applied
> for the first time for unemployment benefits.
>
> Yes, 171K is a good start but not so much when
> you're trying to employ more than twice that many
> people plus the ones already on the unemployment
> roles.
>
> Bottom line is we are still losing ground.

Hahaha, lord your understanding of job numbers is hilarious. Yes we are losing nearly 200k per month. Fuckin idiotic GOP math I swear