November jobs report – 203,000 jobs added, unemployment rate 7.0%

posted at 9:41 am on December 6, 2013 by Steve Eggleston

Going into today’s jobs report from the Bureau of Labor Statistics, there have been several rounds of good economic news, from ADP’s 215,000 private-sector jobs added to a strong ISM manufacturing index of 57.3. Gallup’s measure of adult unemployment, an increase to a seasonally-unadjusted 8.2% from October’s 7.3% and last November’s 7.8%, was the outlier in this week’s economic news.

The predictions from the expert economists ranged from 180,000 jobs added and a 7.2% unemployment rate at Reuters to a 185,000 jobs added and a 7.2% unemployment rate at Bloomberg.

As CNBC’s Rick Santelli says, the survey says…:

The unemployment rate declined from 7.3 percent to 7.0 percent in November, and total nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in transportation and warehousing, health care, and manufacturing.

Household Survey Data

Both the number of unemployed persons, at 10.9 million, and the unemployment rate, at 7.0 percent, declined in November. Among the unemployed, the number who reported being on temporary layoff decreased by 377,000. This largely reflects the return to work of federal employees who were furloughed in October due to the partial government shutdown….

Establishment Survey Data

Total nonfarm payroll employment increased by 203,000 in November. Job growth averaged 195,000 per month over the prior 12 months. In November, job gains occurred in transportation and warehousing, health care, and manufacturing.

The return of the federal workers accounted for nearly half of the 818,000 increase in the number of employed from October to a seasonally-adjusted 144.4 million, and the entirety (and then some) of the decrease in the number of unemployed of 365,000 to a seasonally-adjusted 10.9 million.

While the labor force participation rate increased by a seasonally-adjusted 0.2 percentage points to 63.0%, it is still 0.6 percentage points lower than it was in November 2012 and 0.2 percentage points lower than where it was in September.

Between October and November, part-time workers increased by 174,000 to a seasonally-adjusted 27.5 million. Those who claim to be part-time due to economic reasons declined by 331,000 to a seasonally-adjusted 7.7 million. Those who last looked for work between 5 and 52 weeks prior to mid-November but want to work declined by a seasonally-unadjusted 409,000 between November 2012 and November 2013 to 2.1 million. Those factors drove the U-6 unemployment rate down to 13.2%

Going back to September to take the effects of the partial government shutdown out of the equation, the number of employed increased by only 83,000, while the number of unemployed decreased by 348,000, which explains the continued labor force participation rate drop. Part-time workers accounted for 47,000 of that 83,000 employment increase, though those who claim to be part-time due to economic conditions decreased by 207,000.

On the establishment survey side, the private sector provided 196,000 of the 203,000 non-farm payroll increase. Transportation and warehousing contributed 30,000 of that increase, manufacturing 27,000, retail trade 22,000, and temporary help services 16,000.

The average hours worked per job crept up by a seasonally-adjusted 0.1 hours to 34.5 hours for all workers and 33.7 hours for production/non-supervisory workers.


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It is clear that these numbers don’t mean much at all. Obama and his Administration is simply doing whatever they can to make sure the unemployment number is lower so that low-information voters can feel like the recovery is in full effect. The media will fall into line today.

Darin on December 6, 2013 at 9:45 AM

So government shutdowns are good?
Right?

Electrongod on December 6, 2013 at 9:48 AM

Wow! Down to 7%. We should all be ecstatic about Recovery Winter. /s

Drained Brain on December 6, 2013 at 9:48 AM

If the regime deems it so, have can we not believe? /s

reppac122 on December 6, 2013 at 9:48 AM

Yea….great news for Obama!
-lsm

cmsinaz on December 6, 2013 at 9:49 AM

Magic numbers.

diogenes on December 6, 2013 at 9:50 AM

I don’t trust these numbers after we heard of the manipulation prior to the last election

Just can’t trust anything from thus administration

cmsinaz on December 6, 2013 at 9:51 AM

In other news, workforce participation is down to 17 people, and I’m thinking about retiring.

Wino on December 6, 2013 at 9:52 AM

Unemployment is headed towards 0%. Oddly enough it will correspond with 100% voting to reelect Obama for his third, fourth, and fifth terms.

Murphy9 on December 6, 2013 at 9:52 AM

Expecting a gloating troll parade celebrating Teh Won’s greatness in 3, 2, 1 ….

VibrioCocci on December 6, 2013 at 9:54 AM

This largely reflects the return to work of federal employees who were furloughed in October due to the partial government shutdown

So the Republicans are responsible for the good news on employment. Cool.

whatcat on December 6, 2013 at 9:55 AM

Seriously, does anyone at this point believe anything coming out of the BLS after they have been proven to be cooking the books in the past?

Johnnyreb on December 6, 2013 at 9:55 AM

Yea….great news for Obama!
-lsm

cmsinaz on December 6, 2013 at 9:49 AM

Were this a Republican administration, the media would be reacting as if 7% unemployment means that the soup lines will be more crowded this weekend as winter weather bears down on most of the nation. But since it is a Democrat administration, they’re talking about a rebounding job picture and prosperity just around the corner.

Happy Nomad on December 6, 2013 at 9:55 AM

Meanwhile, just breaking, the preliminary Michigan consumer sentiment off-the-charts positive at 82.1.

Steve Eggleston on December 6, 2013 at 9:56 AM

Expecting a gloating troll parade celebrating Teh Won’s greatness in 3, 2, 1 ….

VibrioCocci on December 6, 2013 at 9:54 AM

The only good news this morning is that between the death of a socialist terrorist in South Africa, massive ice storms in the Midwest, and the Sound of Music debacle on NBC last night……

Well, who is talking about that freak show of an interview Chris Matthews had with the lazy stupid one at American University? Anybody?

Happy Nomad on December 6, 2013 at 9:58 AM

Hotair: even when its good news, we’ll find a negative spin on it if it means eggs on obamas face

nonpartisan on December 6, 2013 at 9:58 AM

So government shutdowns are good?
Right?

Electrongod on December 6, 2013 at 9:48 AM

Good for us, especially if it would be a real shutdown.

Steve Eggleston on December 6, 2013 at 9:59 AM

these numbers are true people!!

I just hired 10 people to hang Christmas lights at my
house!!

O.K.,I didn’t, but I was THINKING AOBUT IT!!

ToddPA on December 6, 2013 at 9:59 AM

AOBUT

ABOUT

ToddPA on December 6, 2013 at 10:00 AM

We have decended into a socialist state. I see the numbers and like some old Soviet, say “yeah, whatever”.

These numbers aren’t worth the paper they are printed on. Or maybe they are. Who knows?

freedomfirst on December 6, 2013 at 10:02 AM

Spot on HN….

The lib posters on politico are besides themselves celebrating

cmsinaz on December 6, 2013 at 10:02 AM

In other news, workforce participation is down to 17 people, and I’m thinking about retiring.

Wino on December 6, 2013 at 9:52 AM

This. I find no evidence that this result will not be achieved.

The 2014 election is the last bump in this road to perdition. Either we derail this train or we will be lost.

platypus on December 6, 2013 at 10:03 AM

“No doubt the government shutdown hurt the economy and the job market” though a “resilient private sector” helped offset the impact, Jason Furman, chairman of the White House Council of Economic Advisers, tells The Daily Ticker’s Aaron Task in the accompanying video. So how can the U.S. create more jobs? Invest in education, including preschool, and raise the minimum wage, which increases purchasing power and helps the economy overall, says Furman.

link to full story on Yahoo

Wigglesworth on December 6, 2013 at 10:04 AM

Pffft

Seasonal hires. We go through this “unexpected” jobs gains at this time every year.

HotAirian on December 6, 2013 at 10:05 AM

Seriously, does anyone at this point believe anything coming out of the BLS after they have been proven to be cooking the books in the past?

Johnnyreb on December 6, 2013 at 9:55 AM

Perhaps you’d trust them more if the unemployment rate went up.

verbaluce on December 6, 2013 at 10:05 AM

Improvement from October – Yes. Improvement from September – Not so much.

Going back to September to take the effects of the partial government shutdown out of the equation, the number of employed increased by only 83,000, while the number of unemployed decreased by 348,000, which explains the continued labor force participation rate drop.

Steve, I’m really glad you made a point of Comparing November’s numbers to September’s numbers.

There’s one number you didn’t mention, though…

The Employment-Population Ratio for November was the same as September… 58.6%, which was yet another below-average month for Obama.

For 12 years (144 months) of Republican majority control (January 1995 to December 2006), the average Employment-Population Ratio was 63.3%, and the last of those months, December 2006, ended slightly above that average at 63.4%.

THAT is what (then-Senator) Obama, Pelosi, Reid, etc. “inherited” when they took majority control of the House and Senate on January 3, 2007.

Since then, the average Employment-Population Ratio under Democrat majority control has been 59.8%, and the average Employment-Population Ratio of the Obama adminsistration has been 58.7%.

Obama has not had a month above his average since August 2009, when it was 59.1%.

Each and every one of the last 51 months has been at or below Obama’s average of 58.7%.

ITguy on December 6, 2013 at 10:08 AM

Hotair: even when its good news, we’ll find a negative spin on it if it means eggs on obamas face

nonpartisan on December 6, 2013 at 9:58 AM

Sorry but some of us remember before this product of a white slut from Kansas and a Kenyan socialist took office. Seven percent unemployment sucks even if that number isn’t wildly lower than the reality. If and when there is good news that involves the lazy shiftless bastard who shucks and jives his way through life instead of leading…… well then he’ll get the credit he is due for good news. Just as he gets the credit for the bad news he has created.

Happy Nomad on December 6, 2013 at 10:09 AM

Perhaps you’d trust them more if the unemployment rate went up.

verbaluce on December 6, 2013 at 10:05 AM

Let’s start with using the U-6 rate so that the underemployed are included. The real rate of unemployment these days is really closer to 15%. So a .03% drop in the very narrow parameters being used to define “employed” is hardly cause for celebration.

Seriously, nobody should be celebrating a 7% unemployment rate.

Happy Nomad on December 6, 2013 at 10:11 AM

Council of Economic Advisers
28m
====
White House Council of Economic Advisers Chair Jason Furman says November jobs report shows importance of extending unemployment insurance – @Reuters

https://twitter.com/Reuters

canopfor on December 6, 2013 at 10:13 AM

Not impressed.
Seasonal exuberance and still below the 250K new jobs needed each month to truly mark any recovery.

22044 on December 6, 2013 at 10:14 AM

John Boehner
53m
===

House Speaker John Boehner, R-Ohio, on unemployment:

‘Today’s report includes positive signs that should discourage calls for more emergency government stimulus’ -

@frankthorpNBC
read more on twitter.com
=========================

https://twitter.com/frankthorpNBC

canopfor on December 6, 2013 at 10:14 AM

Let’s face it, if the unemployment rate didn’t go down in NOvember, with the hiring for Christmas and all, you’d really have to be scared. Actually, I’d like to look at past Novembers, when people were really confident about the economy and see how this compares. I know someone in the legacy media is already working on that.

bflat879 on December 6, 2013 at 10:15 AM

Eric Cantor
1h
===

House Majority Leader Eric Cantor, R-Va., on unemployment: ‘Today’s jobs numbers are very encouraging. Yet, our nation needs even more robust and reliable job growth…’ – @JakeSherman
read more on twitter.com
========================

https://twitter.com/JakeSherman

canopfor on December 6, 2013 at 10:16 AM

White House Council of Economic Advisers Chair Jason Furman says November jobs report shows importance of extending unemployment insurance – @Reuters

canopfor on December 6, 2013 at 10:13 AM

The 99ers can fend for themselves as far as I’m concerned. Extending welfare simply doesn’t make sense. It never has.

Happy Nomad on December 6, 2013 at 10:17 AM

Perhaps you’d trust them more if the unemployment rate went up.

verbaluce on December 6, 2013 at 10:05 AM

Since Gallup’s survey said it went up, then yes, I would.

Steve Eggleston on December 6, 2013 at 10:18 AM

Economies are cyclical. If Obama had simply done nothing since entering office the GDP would have fully cycled back by now.

blink on December 6, 2013 at 10:15 AM

He didn‘t do anything..

well, unless you count throwing away a $hitload of money and paying off all the potato heads that supported him.

Forward!!!

BigWyo on December 6, 2013 at 10:20 AM

Obamacare?

BKeyser on December 6, 2013 at 10:20 AM

Seriously, nobody should be celebrating a 7% unemployment rate.

Happy Nomad on December 6, 2013 at 10:11 AM

Exactly.

If we had the same level of employment that we had during the last month of a Republican House, Republican Senate, and President Bush (63.4% Employment-Population Ratio in December 2006), instead of the 58.6% employment we have now, then well over 11.8 Million more Americans would be employed!

63.4% – 58.6% = 4.8%

According to BLS table A-1, the civilian noninstitutional population age 16 years+ in November 2013 was 246,567,000.

4.8% * 246,567,000 = 11,835,216

Again, If we had the same level of employment now that we enjoyed during the last month of a Republican House, Republican Senate, and President Bush, then well over 11.8 Million more Americans would be employed right now!

ITguy on December 6, 2013 at 10:21 AM

Near as I can tell, there are almost 16 million fewer people looking for jobs, since the RAB was sworn in. Wake me up when these people are factored into the equation, because until they are – these unemployment numbers mean nothing.

Hill60 on December 6, 2013 at 10:21 AM

Jeez, nice work IT guy. I mean, using real numbers instead of the ones I pulled out of my @ss. ;) Rough calculations were never my thing.

Hill60 on December 6, 2013 at 10:24 AM

United States Congress
38s
====

Council of Economic Advisers Chair Jason Furman says

White House could work with Congress to fund

emergency jobless benefits extension

- @Reuters
end of bulletin
================

canopfor on December 6, 2013 at 10:27 AM

Hotair: even when its good news, we’ll find a negative spin on it if it means eggs on obamas face

nonintelligent on December 6, 2013 at 9:58 AM

Any improvement in this flailing economy is IN SPITE OF the fraud that occupies the WH, not because of it. GFYS moron.

rottenrobbie on December 6, 2013 at 10:27 AM

The 99ers can fend for themselves as far as I’m concerned. Extending welfare simply doesn’t make sense. It never has.

Happy Nomad on December 6, 2013 at 10:17 AM

It’s a big scam. Pull in 99 weeks unemployment, Work 6 months to re-qualify for unemployment, walk out the door with some imagined complaint or get fired and qualify for another 99 weeks unemployment. At least in Connecticut that’s what was happening. Sat through some real stupid “unemployment hearings” with the State Department of Labor, and they gave the person benefits every single time even whey they got fired for cause. Madness.

Johnnyreb on December 6, 2013 at 10:27 AM

Perhaps you’d trust them more if the unemployment rate went up.

verbaluce on December 6, 2013 at 10:05 AM

Since Gallup’s survey said it went up, then yes, I would.

Steve Eggleston on December 6, 2013 at 10:18 AM

BOOM!

ITguy on December 6, 2013 at 10:28 AM

The 99ers can fend for themselves as far as I’m concerned. Extending welfare simply doesn’t make sense. It never has.

Happy Nomad on December 6, 2013 at 10:17 AM

It’s a big scam. Pull in 99 weeks unemployment, Work 6 months to re-qualify for unemployment, walk out the door with some imagined complaint or get fired and qualify for another 99 weeks unemployment. At least in Connecticut a few years ago that’s what was happening. Sat through some real stupid “unemployment hearings” with the State Department of Labor, and they gave the person benefits every single time even whey they got fired for cause. Madness.

Johnnyreb on December 6, 2013 at 10:31 AM

canopfor on December 6, 2013 at 10:13 AM

The 99ers can fend for themselves as far as I’m concerned. Extending welfare simply doesn’t make sense. It never has.

Happy Nomad on December 6, 2013 at 10:17 AM

Happy Nomad:

The 99 % have sown there political seeds, and are
reaping Hopey Economic trickle Up sumpins!:0

canopfor on December 6, 2013 at 10:33 AM

Obama has been aggressively spreading the weedkiller everywhere.

To be fair, he balances this with copious amounts of fertilizer during his speeches.

Wino on December 6, 2013 at 10:36 AM

I’d be very interested in the regional breakdown. I’m sorry if it disturbs those who believe that left-leaning government is incompatible with economic growth, but San Francisco is booming. You can’t find a closet to live in, and companies are moving from Silicon Valley to the City.

Would it be even better if we had sensible government and reasonable real estate rules? Well, maybe, but we’d also have a lot more people being thrown out of their apartments.

Anyway, if we take out the high-tech boom in SF and other smaller mini-tech booms around the country, along with the growth in energy employment, how is the rest of the country faring?

bobs1196 on December 6, 2013 at 10:36 AM

MweanWhile,………..

Harry Reid
58s
====

Senate Majority Leader Harry Reid, D-Nev., calls

for raise in minimum wage in response to jobs report

‘because too many Americans who are working full-time are still struggling’

– @burgessev
read more on twitter.com
=========================

canopfor on December 6, 2013 at 10:38 AM

Heads Up:

Please don’t comment,..(o/t and all):

John McCain ‏@SenJohnMcCain 12m

We need a full investigation – @Reuters: “Syrian opposition alleges new poison gas attack” http://uk.reuters.com/article/2013/12/05/uk-syria-crisis-chemical-idUKBRE9B418Y20131205 … #Syria
==============================================

http://uk.reuters.com/article/2013/12/05/uk-syria-crisis-chemical-idUKBRE9B418Y20131205

canopfor on December 6, 2013 at 10:41 AM

Hotair: even when its good news, we’ll find a negative spin on it if it means eggs on obamas face

nonpartisan on December 6, 2013 at 9:58 AM

Please go research what the projected UE rate was to be late 2013 when the Stimu-less bill was passed and get back to us…until then, hush.

hillsoftx on December 6, 2013 at 10:42 AM

Perhaps you’d trust them more if the unemployment rate went up.

verbowelsareloose on December 6, 2013 at 10:05 AM

..actually, you festering dick head, yes. It would mean that more people who had given up looking for work were re-entering the fray.

You and nonPresbyterian and the other sh|t-for-brains trolls on Hot Gas raise stupidity to an art form.

The War Planner on December 6, 2013 at 10:43 AM

For 12 years (144 months) of Republican majority control (January 1995 to December 2006), the Employment-Population Ratio never dropped below 62.0%.

Democrats have now held majority control for one month shy of 7 years (83 months), and employement has been below 62.0% for the last 63 of those 83 months.

To get back up to 62.0% employment (the lowest level we had under Republican majority control), over 8.3 Million jobs would have to be created.

To get back up to 63.4% employment (the level that Democrats inherited from Republicans) over 11.8 Million jobs would have to be created.

ITguy on December 6, 2013 at 10:48 AM

Speaking of participation rates, the 25-54 labor force participation rate was a seasoned 80.9%/unseasoned 81.1% in November.

On the seasoned side, other than the partial government shutdown of last month (80.5%) and September 2013 (80.9%), that is the lowest seasonally-adjusted LFPR among the prime working age group since November 1984′s 80.8%.

On the unseasoned side, that is the lowest November since 1983 (there must have been less-generous seasoning back in the Reagan era).

What is significant is fewer than 70% of the women aged 25-54 participated in the workforce in 1983 and 1984, while nearly 74% of the women aged 25-54 particpated in the workforce last month.

Bonus item – that’s lower than it’s been since the late 1980s. Tell me again who’s waging a War On Women.

Steve Eggleston on December 6, 2013 at 10:48 AM

Hotair: even when its good news, we’ll find a negative spin on it if it means eggs on obamas face

nonpartisan

And we know the perfect boot licker to clean it off, lol.

xblade on December 6, 2013 at 10:49 AM

I’d be very interested in the regional breakdown. I’m sorry if it disturbs those who believe that left-leaning government is incompatible with economic growth, but San Francisco is booming. You can’t find a closet to live in, and companies are moving from Silicon Valley to the City.

Would it be even better if we had sensible government and reasonable real estate rules? Well, maybe, but we’d also have a lot more people being thrown out of their apartments.

Anyway, if we take out the high-tech boom in SF and other smaller mini-tech booms around the country, along with the growth in energy employment, how is the rest of the country faring?

bobs1196 on December 6, 2013 at 10:36 AM

On the state level, that’s due out next week, and on the metropolitan area level, in 2 weeks.

Steve Eggleston on December 6, 2013 at 10:50 AM

Millions of unemployed workers are in a cue. They were counted as employed.

That said, we need to create over 300,000 jobs on each report to stay ahead of population growth. It seems the media has forgotten that number that they touted during the Bush years.

Conservative4Ever on December 6, 2013 at 10:51 AM

These employment and consumer confidence numbers should be celebrated by conservatives. They are further evidence that the economy is back on solid footing and that the extraordinary measures that were taken at the depths of the Great Depression II are no longer necessary.

For example the Federal Reserve no longer needs to inject $85 billion a month into equity markets via QE. Politically a full court press should be made by Republicans to force Janet Yellen and the Federal Reserve to taper this program. Second, political pressure should be brought to bear on the Federal Accounting Standards Board to reinstitute strict mark to market accounting. It is time for financial institutions, investment banks, and hedge funds to value all their “formerly” toxic assets at what the market will pay for them and not what these entities claim they’re worth. Last but not least, any talk of extending unemployment insurance is insane given the robustness of the job market.

Of course anyone with enough sense not to eat their own shiite knows what will happen to the economy if the abovementioned measures end.

Mike Honcho on December 6, 2013 at 10:51 AM

Mike Honcho on December 6, 2013 at 10:51 AM

Hint – they were never necessary, or at least they wouldn’t have been necessary without mark-to-market (which is the main reason the Great Recession was as bad as it was).

Other than that, points well taken.

Steve Eggleston on December 6, 2013 at 10:58 AM

ITguy on December 6, 2013 at 10:08 AM

..ITGuy: immortalized!

Thanks for the hard work!

The War Planner on December 6, 2013 at 11:02 AM

What about the record number of people getting ssdi? They aren’t counted as unemployed correct?

Murphy9 on December 6, 2013 at 11:09 AM

Let’s compare the state of several BLS metrics in:

December 2006 (the last of 144 continuous months of Republican majority control)

Vs.

November 2013 (the most recent of 83 continuous months of Democrat majority control)

=========

Median Weeks Unemployed
December 2006: 7.5
November 2013: 17.0
(well more than doubled under Democrat majority control)

Average Weeks Unemployed
December 2006: 16.1
November 2013: 37.2
(well more than doubled under Democrat majority control)

U-6 Unemployment Rate
December 2006: 7.9%
November 2013: 13.2%
(67% higher under Democrat majority control)

ITguy on December 6, 2013 at 11:10 AM

Pretty sure that it has been proven that they do not even do the surveys that lead to these numbers. They just fake in the numbers for those they cannot contact.
Why this number has any credibility is a mystery to me.

http://www.google.de/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CEEQFjAC&url=http%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2013-11-18%2Foctober-2012-pre-election-jobs-report-was-faked&ei=afehUuaXA4WI2wWCr4BA&usg=AFQjCNFcBR-Mempd3Hr3mbx2F6N4RqOB5w&bvm=bv.57752919,d.b2I

I tend to think that Hot Air should link to one of the reports showing that they fake the numbers every single time the BLS is used.

astonerii on December 6, 2013 at 11:15 AM

BLS
Blatantly Lying Scumbags

astonerii on December 6, 2013 at 11:17 AM

So the incident about lying when coming up with economic stat numbers to help the Democratics is just forgotten, and we go back to blindly accepting them again?

slickwillie2001 on December 6, 2013 at 11:18 AM

The War Planner on December 6, 2013 at 11:02 AM

Thank you for helping to spread the word!

Most of the media looks at January 20, 2009 as the date that Obama “inherited” the economy.

The truth is that Then-Senators Obama, Biden, Clinton, and Kerry, along with their Democrat peers Senate Majority Leader Harry Reid, Speaker of the House Nancy Pelosi, and the rest of the Democrats in Congress “inherited” the economy on January 3, 2007, when they took majority control from the Republicans.

On January 3, 2007, Obama, Pelosi, Reid, et al. started setting the Legislative agenda, and the best that Bush could do was to wield his veto power, which he chose not to do.

The Democrats (including Obama, first as Senator then as pResident) have been in control of the economy for almost 7 years.

Democrats inherited a GOOD economy on January 3, 2007, and
Democrats drove that economy into the ditch, blaming Bush every step of the way.

ITguy on December 6, 2013 at 11:22 AM

Obama economics bringing the UE rate down from close to 10% to 7%. And he still has 3 years to go. The DC conservatives along with their tea party fringes assured us an Obama second term would be doomsday for America.

loveofcountry on December 6, 2013 at 11:22 AM

WHEN will the media or this Blog or SOMEONE call “BS” on this Unemployment Numbers and EXPOSE them for the SCAM and LIES that They Are!

These numbers are a LIE!!

williamg on December 6, 2013 at 11:24 AM

Obama economics bringing the UE rate down from close to 10% to 7%. And he still has 3 years to go. The DC conservatives along with their tea party fringes assured us an Obama second term would be doomsday for America.

loveofcountry on December 6, 2013 at 11:22 AM

DETROIT HERE WE COME!

Murphy9 on December 6, 2013 at 11:30 AM

I have to wonder if employment is looking so good why does the Obama Administration want to extend unemployment benefits?

TooTall on December 6, 2013 at 11:31 AM

Pelosi: Dems Might Just Shut Down Government If Unemployment Benefits Aren’t Extended As Part of Budget Deal…

Extremists. Terrorists. Economic traitors. Arsonists. Suicide bombers. Haters of the country. Jihadis.

Is 99 weeks of unemployment insurance not enough?

Some examples of the maximum length of time to receive benefits around the world:

Canada: 42 weeks (and it is not uncommon for one to be ineligible for the max)

Germany: After a change in German law effective since 2008, provided their job history qualifies them, benefit recipients aged 50 to 54 now receive an unemployment benefit for 15 months, those 55 to 57 for 18 months and those 58 or older receive benefits for 24 months. For those under the age of 50 who have not been employed for more than 30 months in a job which paid into the social security scheme, full unemployment benefit can be received for a maximum period of 12 months.

Italy: 69 weeks

Australia: Requires that people on benefits for 12 months or longer work voluntarily for a community organisation regardless of whether such work increases their skills or job prospects.

Greece: 64 weeks

Mexico: 26 weeks

Spain: 104 weeks

Netherlands: 163 weeks (lifetime)

Sweden: After one year of uninterrupted membership of an unemployment fund and six months of half-time work, the worker is entitled to receive an earning-related daily allowance up to 80% of his or her normal income (with a maximum of 680 SEK per day). The normal income is the average income during the last 12 months, including days of unemployment. This goes for the first 29 weeks, after which the rate decreases to 70% until the 300 day, and 70% from day 301-450 (only available for parents to children under the age of 18). After 43 weeks (or 450) benefit days anyone who is still unemployed can obtain a place in the “Jobb- och utvecklingsgarantin” (Job and development guarantee) labour market programme.

Saudi Arabia: 52 weeks

Japan: The length of time that unemployed workers can receive benefits depends on the age of the employee, and how long they have been employed and paying in.

UK: Job Seeker’s Allowance for a single person is changed annually, and at August 3, 2012 the maximum payable was £71.00 per week for a person aged over 25 and £56.25 per week for a person aged 18–24. The rules for couples where both are unemployed are more complex, but a maximum of £112.55 per week is payable, dependent on age and other factors. Income-based JSA is reduced for people with savings of over £6,000, by a reduction of £1 per week per £250 of savings, up to £16,000. People with savings of over £16,000 are not able to get IB-JSA at all.

Australia may well be the worst country in the developed world when it comes to jobless benefits. A single person with no children who collects unemployment benefits there will receive only 28.9 per cent of the income they earned while employed, assuming they earned an average salary. Compare that to Israel, where the same single, childless person would receive 86 per cent of their salary, or Latvia, where it’s 86.7 per cent.

The U.S. and Canada fall somewhere near the middle, with Americans collecting slightly less than half — 48.1 per cent — of their employment income, while Canadians collect 59.7 per cent.

Resist We Much on December 6, 2013 at 11:34 AM

Pelosi: Dems Might Just Shut Down Government If Unemployment Benefits Aren’t Extended As Part of Budget Deal…

Extremists. Terrorists. Economic traitors. Arsonists. Suicide bombers. Haters of the country. Jihadis.

Is 99 weeks of unemployment insurance not enough?

Some examples of the maximum length of time to receive benefits around the world:

Canada: 42 weeks (and it is not uncommon for one to be ineligible for the max)

Germany: After a change in German law effective since 2008, provided their job history qualifies them, benefit recipients aged 50 to 54 now receive an unemployment benefit for 15 months, those 55 to 57 for 18 months and those 58 or older receive benefits for 24 months. For those under the age of 50 who have not been employed for more than 30 months in a job which paid into the social security scheme, full unemployment benefit can be received for a maximum period of 12 months.

Italy: 69 weeks

Australia: Requires that people on benefits for 12 months or longer work voluntarily for a community organisation regardless of whether such work increases their skills or job prospects.

Greece: 64 weeks

Mexico: 26 weeks

Spain: 104 weeks

Netherlands: 163 weeks (lifetime)

Sweden: After one year of uninterrupted membership of an unemployment fund and six months of half-time work, the worker is entitled to receive an earning-related daily allowance up to 80% of his or her normal income (with a maximum of 680 SEK per day). The normal income is the average income during the last 12 months, including days of unemployment. This goes for the first 29 weeks, after which the rate decreases to 70% until the 300 day, and 70% from day 301-450 (only available for parents to children under the age of 18). After (or 450) benefit days anyone who is still unemployed can obtain a place in the “Jobb- och utvecklingsgarantin” (Job and development guarantee) labour market programme.

Saudi Arabia: 52 weeks

Japan: The length of time that unemployed workers can receive benefits depends on the age of the employee, and how long they have been employed and paying in.

UK: Job Seeker’s Allowance for a single person is changed annually, and at August 3, 2012 the maximum payable was £71.00 per week for a person aged over 25 and £56.25 per week for a person aged 18–24. The rules for couples where both are unemployed are more complex, but a maximum of £112.55 per week is payable, dependent on age and other factors. Income-based JSA is reduced for people with savings of over £6,000, by a reduction of £1 per week per £250 of savings, up to £16,000. People with savings of over £16,000 are not able to get IB-JSA at all.

Resist We Much on December 6, 2013 at 11:42 AM

Resist We Much on December 6, 2013 at 11:42 AM

And the Presstitute Organs will say, “You go, girl.”

26 weeks is plenty of time for unemployment benefits, which is why Europe is terminally boned.

Steve Eggleston on December 6, 2013 at 11:45 AM

Obama economics bringing the UE rate down from close to 10% to 7%. And he still has 3 years to go. The DC conservatives along with their tea party fringes assured us an Obama second term would be doomsday for America.

loveofcountry on December 6, 2013 at 11:22 AM

By encouraging people to stop looking for work that doesn’t exist. I’ve done this calculations a couple of times this year, so you can go find them, but if the participation rates of each 5-year age group had remained where it was prior to the Great Recession, the unemployment rate would still be over 9%.

Steve Eggleston on December 6, 2013 at 11:47 AM

astonerii on December 6, 2013 at 11:15 AM

Which is why I brought Gallup’s numbers to the table, as they paint a far darker picture than the Census/BLS numbers.

Steve Eggleston on December 6, 2013 at 11:48 AM

Mike Honcho on December 6, 2013 at 10:51 AM

Nice. I thought you were on crack as I read your first paragraph…but then I read the rest of the story. Yes. What a bludgeon this good news can be!

freedomfirst on December 6, 2013 at 11:51 AM

Great blog Steve! I like it when the writer interacts with commenters.

Wigglesworth on December 6, 2013 at 11:52 AM

Great blog Steve! I like it when the writer interacts with commenters.

Wigglesworth on December 6, 2013 at 11:52 AM

Thanks. Unlike the regulars, who have to keep putting fresh content up, I do have the time to interact.

Now if I were trying to fill Ed’s shoes by myself, I wouldn’t be able to do this.

Steve Eggleston on December 6, 2013 at 11:56 AM

The War Planner on December 6, 2013 at 11:02 AM

Thank you for helping to spread the word!

ITguy on December 6, 2013 at 11:22 AM

..you’re welcome. I really like and respect your work. I would ask you to start a blog but, knowing by your sobriquet and since I am a practitioner of that black art as well, I know time is a precious commodity in IT.

But if you ever do, please alert me!

*shrugs off catcalls of “Hey! You too get a room, woncha?”*

The War Planner on December 6, 2013 at 11:57 AM

Obama economics bringing the UE rate down from close to 10% to 7%.

loveofcountry on December 6, 2013 at 11:22 AM

No, this isn’t true due to an incredible decrease in participation rate since Obama has been president.

blink on December 6, 2013 at 11:39 AM

Exactly.

The BLS Unemployment Rate is significantly influenced by the BLS’s determination of who is and is not “in the workforce”, while the BLS the Employment-Population Ratio is not.

loveofcountry cites the decrease of the Unemployment Rate from 10.0 to 7.0 as proof of the success of Obama economics, but loveofcountry fails to mention or consider the declining Labor Force Participation Rate.

loveofcountry, the BLS Unemployment Rate hit 10.0% in October 2009 and was reported as 7.0% in November 2013. If you ignore the decling labor force participation rate, that sounds like an improvement. But let’s look at those same two months in terms of the Employment-Population Ratio…

October 2009: 58.5%
November 2013: 58.6%

Essentially, the same percentage of our civilian noninstitutional population age 16 years+ is employed now as then.

The Employment-Population Ratio has been at or below 58.7% for the last 4.25 years… 51 straight months of stagnation.

And remember, the lowest the Employment-Population Ratio ever got under Bush and a Republican majority was 62.0%.

loveofcountry, do you really want to keep fooling yourself with false visions of the so-called success of “Obama economics”?

You’re not fooling any of us.

ITguy on December 6, 2013 at 12:00 PM

..you’re welcome. I really like and respect your work. I would ask you to start a blog but, knowing by your sobriquet and since I am a practitioner of that black art as well, I know time is a precious commodity in IT.

But if you ever do, please alert me!

*shrugs off catcalls of “Hey! You too get a room, woncha?”*

The War Planner on December 6, 2013 at 11:57 AM

Ditto.

Steve Eggleston on December 6, 2013 at 12:04 PM

Gallup’s measure of adult unemployment, an increase to a seasonally-unadjusted 8.2% from October’s 7.3% and last November’s 7.8%, was the outlier in this week’s economic news.

Yes Steve, you did bring them in, but immediately cast doubt on them, as an outlier. I am double reading the post, but I am not seeing anything that remotely tells people that the BLS does not complete the surveys (not enough manpower and not enough people willing or able to answer the questions), and instead just fills in the holes with fake numbers.

http://nypost.com/2013/11/18/census-faked-2012-election-jobs-report/

Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

Philadelphia filled the gap with fake interviews.

If I am not mistaken, Census has been politicized as well…

http://scaredmonkeys.com/2009/02/09/politicization-the-us-census-obama-administration-power-grab-of-counting-americans/

So this is the change that Barack Obama was really talking about during the Presidential election? An Executive branch politization and power grab of the US Census and counting Americans. What does this mean? A yet to be named director of the Census Bureau will report to the White House rather than the Commerce Secretary as has previously been the case.

So no, I do not count your argument that you included “outlier” Gallup in the mix as covering the fact that the BLS report is basically directly controlled by the White House which tells the Census that does the surveys to make up the data.

Until they are removed from under the White House direct control, they should be given only derisory coverage by anyone with any self respect and care about the country.

astonerii on December 6, 2013 at 12:14 PM

I don’t trust these numbers after we heard of the manipulation prior to the last election

Just can’t trust anything from thus administration

cmsinaz on December 6, 2013 at 9:51 AM

I’ve been pointing out that the data put out by this regime has been fake since 2008. The GDP is fake too.

dogsoldier on December 6, 2013 at 12:26 PM

The Jobs report is so screwed up at this point I would not make a judgement either way based on it. I will explain what I mean. We need to create 300,000 jobs a month just to keep up with population growth. Yet we create 203,000 jobs (and 41% of those were government jobs) and the U-3 unemployment rate drops .3 from 7.3 to 7.0. Now the only way that is mathematically possible is if even more people have dropped out of the labor force. Now I am not the brightest mind on F/B but if the math doesn’t work then the whole system is suspect.

JKotthoff on December 6, 2013 at 12:31 PM

Lest I forget, very nice write up Steve. Spot on as usual.

dogsoldier on December 6, 2013 at 12:31 PM

I’ve been pointing out that the data put out by this regime has been fake since 2008. The GDP is fake too.

dogsoldier on December 6, 2013 at 12:26 PM

Are the taxes paid into treasury fake as well?
I know the BLS numbers are fake, where do you get evidence of faked GDP. I have been wondering the same. But then again, companies have been reporting record profits…

astonerii on December 6, 2013 at 12:46 PM

Seriously, does anyone at this point believe anything coming out of the BLS after they have been proven to be cooking the books in the past?

Johnnyreb on December 6, 2013 at 9:55 AM

Nope.

Obama economics bringing the UE rate down from close to 10% to 7%.

loveofcountry on December 6, 2013 at 11:22 AM

Obama economics bringing the labor participation rate down, resulting in what you see, is *not* a good thing, okay?

Obama economics driving the foodstamp participation rate up is *not* a good thing, okay?

Obama economics driving the average workweek/hours down is *not* a good thing, okay?

Wake up and quit being a moron.

Midas on December 6, 2013 at 1:03 PM

Let’s continue to compare the state of various BLS metrics in:

– December 2006 (the last of 144 continuous months of Republican majority control)

Vs.

– November 2013 (the most recent of 83 continuous months of Democrat majority control)

=========

Labor Force Participation Rate
December 2006: 66.4%
November 2013: 63.0%

=========

ITguy on December 6, 2013 at 1:03 PM

I’m wondering how we can trust any information coming out of the Obama regime. For all we know, unemployment is probably 10%. Everything coming from them is propaganda. Tokyo Rose had a better reputation for credible information.

cajunpatriot on December 6, 2013 at 1:03 PM

So government shutdowns are good?
Right?

Electrongod on December 6, 2013 at 9:48 AM

Good for us, especially if it would be a real shutdown.

Steve Eggleston on December 6, 2013 at 9:59 AM

Well said Steve. There’s no shutdown when 83% of the government continues to function and government workers get back pay for sitting at home for a month.

cajunpatriot on December 6, 2013 at 1:06 PM

The War Planner on December 6, 2013 at 11:57 AM
Steve Eggleston on December 6, 2013 at 12:04 PM

Thank you both.

ITguy on December 6, 2013 at 1:11 PM

Well said Steve. There’s no shutdown when 83% of the government continues to function and government workers get back pay for sitting at home for a month.

cajunpatriot on December 6, 2013 at 1:06 PM

Many times collecting unemployment for that month as well. It is like an extra couple paychecks to go with bonus vacation time.

astonerii on December 6, 2013 at 1:11 PM

Let’s continue to compare the state of various BLS metrics in:

– December 2006 (the last of 144 continuous months of Republican majority control)

Vs.

– November 2013 (the most recent of 83 continuous months of Democrat majority control)

=========

Unemployment Rate
December 2006: 4.4%
November 2013: 7.0%

Labor Force Participation Rate
December 2006: 66.4%
November 2013: 63.0%

Employment-Population Ratio
December 2006: 63.4%
November 2013: 58.6%

=========

ITguy on December 6, 2013 at 1:54 PM

I know the BLS numbers are fake, where do you get evidence of faked GDP. I have been wondering the same. But then again, companies have been reporting record profits…

astonerii on December 6, 2013 at 12:46 PM

Go check out the consumer metrics institute website. They do a regular write up with all the math so you can check it.

At this point I would immediately suspect any information coming from our government. They have lied so large and so often we cannot accept anything they tell us.

dogsoldier on December 6, 2013 at 1:55 PM

Oh and I’ve been posting about the fake GDP for nearly as long as I have been cranking about the fake employment numbers.

dogsoldier on December 6, 2013 at 1:57 PM

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