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Much-Anticipated Jobs Report Is Out (Who will be smiling (big) today)

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Unemployment Rate Drops To 7.8 Percent, Nearly 4-Year Low


unemployment stats jobs report

By Lucia Mutikani


WASHINGTON, Oct 5 (Reuters) - The U.S. unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.

The Labor Department said on Friday the unemployment rate, a key focus in the race for the White House, dropped by 0.3 percentage point to its lowest point since January 2009.

A survey of households from which the jobless rate is derived showed 873,000 job gains last month, the most since June 1983. The drop in unemployment came even as Americans come back into the labor force to resume the hunt for work. The workforce had shrank in the prior two months.

The household survey is volatile. A survey of business establishments showed employers added 114,000 jobs to their payrolls last month, a touch above economists' expectations for 113,000 jobs. Employment for July and August was revised to show 86,000 more jobs created than previous reported.

It was the second last report before the Nov. 6 election that pits Obama against Republican Mitt Romney.

A Reuters/Ipsos poll released on Thursday after Wednesday's first presidential debate showed Romney gained ground and is now viewed positively by 51 percent of voters. Obama's favorability rating remained unchanged at 56 percent.

Economists blame the so-called fiscal cliff for the slowdown in business hiring, which has left millions of Americans working either part-time or unemployed and too discouraged to look for jobs.

The Congressional Budget Office has warned that a failure by Congress to avoid the automatic tax hikes and government spending cuts that will suck about $600 billion out of the economy next year would knock the economy back into recession.

"Businesses are not hiring people, they want to wait and see how the election evolves and how the political landscape shapes up," said Sung Won Sohn, an economics professor at California State University Channel Islands in Camarillo, California.


by on Oct. 5, 2012 at 9:17 AM
Replies (141-150):
Sisteract
by Whoopie on Oct. 6, 2012 at 10:51 AM
1 mom liked this

She can not discuss issues or answer questions based on the snippets that she posts- zero transference or comprehension of materials presented. Do not wait too long for the answers-it's just a waste of your time.

She actually believes that MR can create millions of jobs...maybe she's referring to personal, domestic help?

Quoting shannonnigans:

Hysterical. You loved the Labor Department numbers when they weren't favorable to Obama. Now you suddenly hate them. By the way, these are real people, not just numbers - shows how much you actually care about them.

Oh, by the way, Wells Fargo's chief economist, (hardly a liberal institution - slightly to the right of Attila the Hun), John Silvia, a Ph.D., has said of the report "the economy continues to grow...". In case you missed it, the key word is "continues". But you are far more educated than he is.

As usual, since you posted these completely arbitrary numbers in a public forum, I'm going to have to ask you to cite your authority for them. Please don't keep us hanging again

Quoting Naturewoman4:

That's a lie.  Obama & his Admin. screwed with the numbers.  It's actually 14.6%.  Obama & the Labor Dept. they don't use the 'true' figures of the umemployed.  Wow, shocking!!  Just in time after he was CRUSHED by Romney in the debates.  They don't include those that have given up looking.  They don't include those that only find p/t, when they need f/t.  50% of College grads. still either can't find a job in their field or have to work in a low paying job.


  Even McDonalds.  23.2M people are still looking for work.  Each yr. Obama has been in office, has been worse than the previous.  2012 to going down to be worse than 2011.  2011 was worse than 2010.  2010 was worse than 2009.  Sept. fewer jobs were added than Aug. Aug. was fewer jobs added than July.  on & on.  At this pace of Obama's, it will take us till 2025 to get back to where we were.  ONLY 63.6% are working lowest since Carter.  Haven't had such a bad economy since WWII.  So, I'm actually shocked that people are believing in these numbers.  The facts don't support this.




Separation of church and state is for the protection of BOTH church and state.
Leading with hate and intolerance only leads to MORE hate and intolerance.
OHgirlinCA
by Platinum Member on Oct. 6, 2012 at 10:55 AM

 

With the presidential election just weeks away, President Obama and former Massachusetts governor Mitt Romney squared off Wednesday night in the first of three campaign debates. The discussion focused heavily on which candidate has the better plan to spur the economy and create jobs more quickly. 

On Friday, the Bureau of Labor Statistics will report September employment data and is expected to show another month of modest job growth that will leave the unemployment rate little changed.

Nobody knows exactly how many people have given up looking and left the workforce. The BLS monthly household survey has a relatively large margin of error, and the pool of "discouraged workers" is not static - people move in and out of the category from one month to the next.

But the pool is growing. Since last August, the official count of people who have left the work force but still want a job has risen by a half-million, to just over 7 million. That doesn't include the roughly 8 million "underemployed" people with part-time jobs who want full-time work, double the number when the 2007 recession began. 

The numbers in the OP do not include the workers who have given up.  Noone should be smiling.  That number continues to grow and neither Romney or Obama can make those numbers better on their own :(

http://www.cafemom.com/group/99198/forums/read/17410071/Finding_Work_is_Hard_Why_So_Many_Have_Given_Up?last#replies

shannonnigans
by Platinum Member on Oct. 6, 2012 at 10:57 AM
I know, I just like asking for citations each time to expose her.


Quoting Sisteract:

She can not discuss issues or answer questions based on the snippets that she posts- zero transference or comprehension of materials presented. Do not wait too long for the answers-it's just a waste of your time.

She actually believes that MR can create millions of jobs...maybe she's referring to personal, domestic help?

Quoting shannonnigans:

Hysterical. You loved the Labor Department numbers when they weren't favorable to Obama. Now you suddenly hate them. By the way, these are real people, not just numbers - shows how much you actually care about them.

Oh, by the way, Wells Fargo's chief economist, (hardly a liberal institution - slightly to the right of Attila the Hun), John Silvia, a Ph.D., has said of the report "the economy continues to grow...". In case you missed it, the key word is "continues". But you are far more educated than he is.

As usual, since you posted these completely arbitrary numbers in a public forum, I'm going to have to ask you to cite your authority for them. Please don't keep us hanging again

Quoting Naturewoman4:

That's a lie.  Obama & his Admin. screwed with the numbers.  It's actually 14.6%.  Obama & the Labor Dept. they don't use the 'true' figures of the umemployed.  Wow, shocking!!  Just in time after he was CRUSHED by Romney in the debates.  They don't include those that have given up looking.  They don't include those that only find p/t, when they need f/t.  50% of College grads. still either can't find a job in their field or have to work in a low paying job.


  Even McDonalds.  23.2M people are still looking for work.  Each yr. Obama has been in office, has been worse than the previous.  2012 to going down to be worse than 2011.  2011 was worse than 2010.  2010 was worse than 2009.  Sept. fewer jobs were added than Aug. Aug. was fewer jobs added than July.  on & on.  At this pace of Obama's, it will take us till 2025 to get back to where we were.  ONLY 63.6% are working lowest since Carter.  Haven't had such a bad economy since WWII.  So, I'm actually shocked that people are believing in these numbers.  The facts don't support this.





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Sisteract
by Whoopie on Oct. 6, 2012 at 11:02 AM


Quoting shannonnigans:

I know, I just like asking for citations each time to expose her.



IMO, the vast majority of her fervor is driven by her belief that if we elect MR, racism will vanish- BO being the root cause, in her opinion. 
Such magical thinking for a person who claims to be retired and in the 47%-
Separation of church and state is for the protection of BOTH church and state.
Leading with hate and intolerance only leads to MORE hate and intolerance.
jesusismyfriend
by Silver Member on Oct. 6, 2012 at 11:07 AM
No one. There were only 114,000 jobs created yet the unemployment is 7.8%? I guess alot of people just gave up either that or someone is doing a lot of number fudging because that does not make sense.
Ms.KitKat
by Platinum Member on Oct. 6, 2012 at 12:03 PM
1 mom liked this

 why can't people just be HAPPY that the numbers went down?! What I also do not understand is why all along when the numbers were high, it was Obama's fault because of the high rate- yet when it goes down? what? Opps! It's his fault again by manipulating numbers. sheeple! Dontcha think if Obama had that ability to manipulate numbers, he would have been doing it all along? and besides- the guy who started the rumor fully admitted: he started the rumor! If this is what people want to believe- putting a blindfold on and aimlessly following along- you deserve to have Romney. He's the one that is the expert at fudging the numbers!

annabl1970
by Platinum Member on Oct. 6, 2012 at 12:04 PM

Exactly!

Quoting Ms.KitKat:

 why can't people just be HAPPY that the numbers went down?! What I also do not understand is why all along when the numbers were high, it was Obama's fault because of the high rate- yet when it goes down? what? Opps! It's his fault again by manipulating numbers. sheeple! Dontcha think if Obama had that ability to manipulate numbers, he would have been doing it all along? and besides- the guy who started the rumor fully admitted: he started the rumor! If this is what people want to believe- putting a blindfold on and aimlessly following along- you deserve to have Romney. He's the one that is the expert at fudging the numbers!


JoshRachelsMAMA
by JRM on Oct. 6, 2012 at 12:05 PM
But, none of the jobs you mentioned are skilled jobs.

Quoting stacymomof2:

That report is all over the place.  I will say we are hiring like crazy at my job.

Just as a gut I think it's getting better, at least in my area.  for the past couple of years we would get unsolicited apps from college grads trying for nightclub security and bartending jobs.  Those people are no longer in the pool, now we are getting students and people who are not in school.  

We also opened a restaurant and are actively recruiting cooks and servers, which we usually do not have to recruit at all.  And we are looking for a marketing person and a sales person in the office, and a manager.  Big difference from 2 years ago when we were cutting people because we just didn't have the revenue to support the positions.  We just all handled two or three different positions.  It has nothing to do with the election or Obama...when our customers spend more money, we spend that money on expanding the business, instead of like the last few years where we just battened down the hatches and had a skeleton crew.  It is a service business, so no income= no hours, even for the marketing office.

Even though I know there are still plenty of people under-employed and grads struggling to find something decent, it must be getting a little better if they are not trying for a security position at a nightclub!  (Which doesn't pay much and not very many hours, and kind of crappy hours, too...late nights, weekend and holidays.)

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Ms.KitKat
by Platinum Member on Oct. 6, 2012 at 12:12 PM

 what do you mean by "skilled jobs"? white collar salaried positions?

quite frankly, a job is a job. sure, wouldn't we all want white collar, salaried postions? but if the work force does not have the skill set and the jobs available are pushing brooms- then by golly, a broom pusher it is! Yoiu have to start some where!

Quoting JoshRachelsMAMA:

But, none of the jobs you mentioned are skilled jobs.

Quoting stacymomof2:

That report is all over the place.  I will say we are hiring like crazy at my job.

Just as a gut I think it's getting better, at least in my area.  for the past couple of years we would get unsolicited apps from college grads trying for nightclub security and bartending jobs.  Those people are no longer in the pool, now we are getting students and people who are not in school.  

We also opened a restaurant and are actively recruiting cooks and servers, which we usually do not have to recruit at all.  And we are looking for a marketing person and a sales person in the office, and a manager.  Big difference from 2 years ago when we were cutting people because we just didn't have the revenue to support the positions.  We just all handled two or three different positions.  It has nothing to do with the election or Obama...when our customers spend more money, we spend that money on expanding the business, instead of like the last few years where we just battened down the hatches and had a skeleton crew.  It is a service business, so no income= no hours, even for the marketing office.

Even though I know there are still plenty of people under-employed and grads struggling to find something decent, it must be getting a little better if they are not trying for a security position at a nightclub!  (Which doesn't pay much and not very many hours, and kind of crappy hours, too...late nights, weekend and holidays.)

 

afwifey4510
by on Oct. 6, 2012 at 12:48 PM
It was sarcasm..


Quoting survivorinohio:

You do want beliefs shoved down your throat?

Quoting afwifey4510:

Uh...I do! I do!



SCREW BIG BIRD! After all he's the reason for the debt to be that high. But only in the past 4 years, the 20 before that he was a money makin musheen!



Side note: Romney wants to stop funding pbs...a lot of jobs will be lost because he hates sesame st.





Quoting survivorinohio:

Ok you actually made me laugh out loud.

I recieved a lot of education at Akron U but I have still learned a lot from the ladies here, we have some very smart  and highly educated women in our midst.

You continue to show a closed mind.

No one wishes to have beliefs shoved down their throat I am sure.


Quoting Cakes24:

I'm so sorry that you chose to come here to learn....

When I said I don't want to be "educated" by the liberals in here, I meant that I don't want to have their beliefs shoved down my throat and I don't want them to try and change my mind with bs stats.



Quoting survivorinohio:

I am here primarily to learn and i believe wholeheartedly that even people who i fervently disagree with have something I can learn from them.  To declare you refuse to be educated implies that you do indeed have a closed mind.

Quoting Cakes24:

Why doesn't it surprise me that because I don't agree with you all that I'm "close-minded"?



Quoting survivorinohio:

Arent you just sunshine and flowers .

I just want to point our that beyond political affiliation there is humanity of which we are all a part which demands that we try to work together.  Closed minds are not the solution.



First, I'd like to point out your signature. It just shows so much about your character.

Second, that's not the real unemployment rate and anyone and everyone who thinks it is is just plain ignorant. I think a couple other repliers are absolutely right. If there was a change in the rate, it's only due to seasonal jobs and people who have stopped looking for work.

Third, I can't believe the lefty liberal pool I just jumped into. Wow...you people will say anything to defend our sorry excuse for a President.

Fourth, let it be known that I will not accept any attempt from you (liberals) to try to "educate" me with your crap statistics.



Quoting trippyhippy:

What's f@cked up is the conservatives actually want bad job numbers. How selfish and unamerican.











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