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US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

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US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by Guest on Fri Apr 01, 2011 9:42 am

National Unemployment Rate Announced at 8:30 a.m., April 1, 2011 by the BLS

The number of unemployed persons (13.5 million) and the unemployment rate (8.8
percent)
changed little in March. The labor force also was little changed over
the month. Since November 2010, the jobless rate has declined by 1.0 percentage
point. (See table A-1.)

http://www.bls.gov/news.release/empsit.nr0.htm

mad Is this an "April Fools" joke??????

Latest Numbers
Seasonally Adjusted


Unemployment Rate:
8.8% in Mar 2011 Historical Data


Change in Unemployment Level:
-131,000 in Mar 2011 Historical Data

Change in Employment Level:
+291,000 in Mar 2011 Historical Data

Change in Civilian Labor Force Level:
+160,000 in Mar 2011 Historical Data

Civilian Labor Force Participation Rate:
64.2% in Mar 2011 Historical Data

Employment-Population Ratio:
58.5% in Mar 2011 Historical Data
Annual Averages

Unemployment Rate:
9.6% for 2010 Historical Data

Unemployment Level:
14,825,000 for 2010

Guest
Guest


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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by Abbie on Fri Apr 01, 2011 10:27 am

Figures don't lie, but liars figure.

Abbie
Member

Posts : 144
Join date : 2011-02-22

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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by superstevies on Fri Apr 01, 2011 2:08 pm

I hope this doesn't derail any ground we've made with H.R.589. If this doesn't get passed soon and the numbers keep getting better?????? I feel we are doomed.

I just don't understand how it keeps going down but over all the states (for the most part) are not.

superstevies
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Posts : 256
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Location : Rncho Cucamga, CA

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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by Abbie on Fri Apr 01, 2011 2:25 pm

One explanation I read was the BLS used 117,000 in the birth/death model to arrive at the new UE rate. You can read the monthly adjustments here http://www.bls.gov/web/empsit/cesbd.htm. Also in January the BLS shrunk the population by 500K so the workforce shrunk which lowers the numbers. Plus when the BLS adds to the 'discouraged worker' column, unemployment goes down, not up. It's just a numbers game to make unemployment look like it is going down, when in fact if you look at the participation rate of the workforce is is pretty much stuck around 64% and the hourly work week is around 34 hours NOT 40, so IOW the UE rate is all smoke and mirrors.

"Statistics are like a drunk with a lamp post: used more for support than illumination.”

Abbie
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Join date : 2011-02-22

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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by Jobless_in_Ma on Fri Apr 01, 2011 3:40 pm

Guess we better get used to this. As long as they keep not counting "Discourage" workers or 99ers its going to continue to go down.

_________________
Thanks to all members for participating in the discussions.

Jobless_in_Ma
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Location : Ma

http://www.unemployed-friends2.org

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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by jmainframe on Thu Apr 07, 2011 11:21 pm

This is very similar to the tactics they use when reporting inflation. Just leave out energy and food!

When reporting unemployment, just leave out exhaustees and people working low-paying parttime jobs!

jmainframe
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Location : New Jersey

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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

Post by delko on Fri Apr 08, 2011 12:06 pm

BLS Stats...ITS CALLED 'SHINING THE TURD'!!!!!!!!!!!!!!!!!!!!!!!!!!!

delko
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Re: US DOL Bureau of Labor Statistics: Unemployment Rate Drops to 8.8% ??????

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