12/7/12, "Unemployment Plunges to 3.8% for Government Workers; Government Adds 35,000 Jobs in November, 544,000 Since July," CNS News, T. Jeffery
"The unemployment rate for civilian government workers plunged from 4.2 percent in October to 3.8 percent in November, according to the Bureau of Labor Statistics, as government added 35,000 to its taxpayer-funded payrolls during the month.
In October, federal, state and local governments in the United States employed 20,524,000 people. In November, that climbed to 20,559,000.
As recently as July, the unemployment rate for government workers was as high as 5.7 percent, according to the BLS. That month, government employed only 20,015,000.
Since July, times have been very good for government in the United States, with governments managing to add 544,000 workers to their payrolls.
The Bureau of Labor Statistics counts someone as a government worker if they are not in the military and they are currently employed by any level of government—local, state or federal—or they are unemployed, they are looking for work, and their last job was for any level of government." via Free Republic
====================================
More on the Nov. 2012 jobs number:
12/7/12, "Ten Reasons Why November's Jobs Report Is Dismal," John Nolte, Breitbart
"5. At the present level of job growth, it will take another 13 years just to reach pre-recession employment levels.
6. 73% of the jobs created over the last five months have been government jobs.
7. Most of November's job gains (53,000) came from the service/retail sector.
Construction lost 20,000 jobs, wiping out (and then some) a 15,000 gain
in October. Manufacturing lost 7,000. 14,600 jobs came from the film
business -- a onetime and temporary anomaly.
8. According to Gallup, November saw the biggest decline since 2010 in the percentage of those aged 18 and older and employed full time. A drop from 45.7% to 43.7%.
9. The Establishment Survey (of
businesses) show the economy created 146,000 jobs in November. The
Population Survey (of people) shows we lost 122,000.
This discrepancy could come from the fact that it's not just businesses
that create jobs. Many people are self-employed. Businesses might have
created 146,000 jobs last month, but out among the people, 122,000 jobs
were lost."...
==================================12/7/12, "'Bullish' November Data Mask An Ugly Truth About Jobs," IBD editorial
"To make a serious dent in joblessness, we need to add at least 200,000 a month for a prolonged period. In this poisoned atmosphere for business, that won't happen.
Since 2011, businesses have added about 151,000 jobs a month. But since June that's slowed to just 139,000. We're clearly going the wrong way.
And by the way, remember those big payroll gains in September and October, right before the election? Forget it. The
Labor Department has revised down its job estimates for those two months by 49,000.
OK, but we still have private-sector job growth, right? Not really.
In the last six months, 621,000 of the 847,000 new jobs created have been in government, not the private sector, according to CNSNews.com. That's 73% of all jobs — not a healthy labor market.
As for that big "drop" in the unemployment rate, all of it was due to the fact that 540,000 Americans are no longer looking for work. They either dropped out, took early disability or retired.
Since the start of 2009, 9.7 million Americans have fallen into this category.
All told, more than 24 million Americans who want jobs don't have them, driving the labor force participation rate to 63.6%, just above August's 31-year low of 63.5%. This is the worst labor market in a recovery ever.
And it may get worse. The quarterly Wells Fargo/Gallup small-business survey found that 21% plan to cut jobs over the next six months — a surge from 10% last June and a record high.
IBD's own research shows that small businesses account for nearly 80% of all new job creation in America. A small-business slump means no jobs. It's that simple.
Why is the labor market refusing to recover as it has in the past, with millions of new jobs each year amid rapid economic growth? In a word, Obamanomics.
Thanks to ObamaCare, "stimulus" spending of $860 billion, threats of higher tax rates on small business owners and entrepreneurs, the economy's going nowhere. We may soon enter a new small-business recession that can be blamed on no one but Barack Obama."
.
No comments:
Post a Comment