Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Current Events & Hot Topics Current Events & Hot Topics

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

Posted by   + Show Post

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 (151-160):
stacymomof2
by Ruby Member on Oct. 6, 2012 at 12:56 PM

All of our office jobs require a degree.  The bartenders, no.  Marketing, yes, we are only considering someone with a dregree.  The sales person is selling banquets and booking, while we would hire a skilled person with no degree as long as they have restaurant management and accounting experience.  All of our managers have degrees, some in marketing, or in hospitality management, we also have a film major working.  Even the sound techs have a degree in that field.  I know my boss will not hire someone without a degree or comperable experience to work in the office or to manage the club or the event spaces.

All of our cooks have years of experience or a degree.  Our chef has 4 years of college and 2 years of an apprenticeship.  

Why do you think those jobs aren't "skilled?"  Hospitality management, booking, and marketing all require high level skills.  We don't even hire bartenders who do not have experience, that's a skill, too, and in our place they easily make a couple hundred dollars per shift.  Trust me we are picky about skilled people.

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.)


JoshRachelsMAMA
by JRM on Oct. 6, 2012 at 1:02 PM
1 mom liked this

Thanks for explaining. I admit I skimmed through your first comment. I paid more attention to the second reply... (ADD during this pregnancy, I'm afraid :-/ )

Quoting stacymomof2:

All of our office jobs require a degree.  The bartenders, no.  Marketing, yes, we are only considering someone with a dregree.  The sales person is selling banquets and booking, while we would hire a skilled person with no degree as long as they have restaurant management and accounting experience.  All of our managers have degrees, some in marketing, or in hospitality management, we also have a film major working.  Even the sound techs have a degree in that field.  I know my boss will not hire someone without a degree or comperable experience to work in the office or to manage the club or the event spaces.

All of our cooks have years of experience or a degree.  Our chef has 4 years of college and 2 years of an apprenticeship.  

Why do you think those jobs aren't "skilled?"  Hospitality management, booking, and marketing all require high level skills.  We don't even hire bartenders who do not have experience, that's a skill, too, and in our place they easily make a couple hundred dollars per shift.  Trust me we are picky about skilled people.

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.)



....I am only responsible for what I say,NOT for what you understand.....
PestPatti
by on Oct. 6, 2012 at 1:08 PM


 I guess it depends on where you live and what's happening.   NY states unemployed percentage is higher than the national average, and the county I live in is at 10.2%.    

 The company my son used to work for is closing their NY plant.  750 will be unemployed soon.    I don't think those people are screaming YAY....

Naturewoman4
by Platinum Member on Oct. 6, 2012 at 1:39 PM

Well I have never went along with anything that comes out of the Labor Dept.  Because, Obama basically OWNS these types of Depts. He can have them screw with the numbers.  Obama in his own words said he will get the numbers down to 5.6%, he FAILED & didn't even come close. 

There are two ways they report unemployment figures.  Using the U3 numbers, which is what is being reported.  (of course, because that would favor Obama better) & then there's the TRUE numbers using teh U6.  U6 is what the Gov. doesn't want you to see.  It's at 14.7%.  This number is including ALL the people that want to work, but can't find a job.  Therefore, they have given up.  Also, those that have to take a p/t job, even when they need a f/t job.  The U3 numbers that are being used & reported uses people that can only be working 1 hr. a wk.  That is NOT the TRUE number of our unemployment. 

So, I don't know how ANYONE can get excited over any of this.  It's very laughable.  At the rate Obama is going, it's going to take us till 2025 to get at numbers before the recession.  ONLY 63.6% of Americans are working since Carter.  Worse economy since WWII.  You say that I don't care about those unemployed ummmm.. Well it's Obama that doesn't care.  Because, he doesn't care to include all those people that have gotten discouraged & gave up.  They don't count anyone, how sad.  23.2M are STILL looking for work!!!!  It doesn't take a math wiz to figure this all out Shannon. 

Since, Obama has taken office....2009 was worse than 2008...2010 was worse than 2009...2011 was worse than 2010..& 2012 is on it's way to being worse than 2011....So, NO improvement at all..All one has to do Shannon, is look around them.  How can ANY American no matter what your party is, be so ignorant & NOT see the FACTS the REALITY.  So, Shannon IF you prefer to NOT count those that are wanting to work but can't find a job, or those that have to take a p/t job that may only give them a few hrs. a wk., then go ahead.  OR even those hundreds of thousands of Americans that have lost their unemployment benefits, & went straight down to Soc. Sec. Disability to try to get something!!  They aren't counted either.

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.




annabl1970
by Platinum Member on Oct. 6, 2012 at 1:45 PM
1 mom liked this

Those two statements contradict each other. Sorry, but you're fool!

Quoting Naturewoman4:

Well I have never went along with anything that comes out of the Labor Dept.  Because, Obama basically OWNS these types of Depts. He can have them screw with the numbers.  Obama in his own words said he will get the numbers down to 5.6%, he FAILED & didn't even come close. 

There are two ways they report unemployment figures.  Using the U3 numbers, which is what is being reported.  (of course, because that would favor Obama better) & then there's the TRUE numbers using teh U6.  U6 is what the Gov. doesn't want you to see.  It's at 14.7%.  This number is including ALL the people that want to work, but can't find a job.  Therefore, they have given up.  Also, those that have to take a p/t job, even when they need a f/t job.  The U3 numbers that are being used & reported uses people that can only be working 1 hr. a wk.  That is NOT the TRUE number of our unemployment. 

So, I don't know how ANYONE can get excited over any of this.  It's very laughable.  At the rate Obama is going, it's going to take us till 2025 to get at numbers before the recession.  ONLY 63.6% of Americans are working since Carter.  Worse economy since WWII.  You say that I don't care about those unemployed ummmm.. Well it's Obama that doesn't care.  Because, he doesn't care to include all those people that have gotten discouraged & gave up.  They don't count anyone, how sad.  23.2M are STILL looking for work!!!!  It doesn't take a math wiz to figure this all out Shannon. 

Since, Obama has taken office....2009 was worse than 2008...2010 was worse than 2009...2011 was worse than 2010..& 2012 is on it's way to being worse than 2011....So, NO improvement at all..All one has to do Shannon, is look around them.  How can ANY American no matter what your party is, be so ignorant & NOT see the FACTS the REALITY.  So, Shannon IF you prefer to NOT count those that are wanting to work but can't find a job, or those that have to take a p/t job that may only give them a few hrs. a wk., then go ahead.  OR even those hundreds of thousands of Americans that have lost their unemployment benefits, & went straight down to Soc. Sec. Disability to try to get something!!  They aren't counted either.

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.



 


jesusismyfriend
by Silver Member on Oct. 6, 2012 at 3:48 PM
Quoting stacymomof2:



Where are you? I am currently going for my associates degree in culinary and am currently on the honor roll. I want a culinary job when I finish.
stacymomof2
by Ruby Member on Oct. 6, 2012 at 4:48 PM

Minneapolis.

Do you have line experience?

Quoting jesusismyfriend:

Quoting stacymomof2:



Where are you? I am currently going for my associates degree in culinary and am currently on the honor roll. I want a culinary job when I finish.


stacymomof2
by Ruby Member on Oct. 6, 2012 at 5:03 PM
2 moms liked this

This shows a basic misunderstanding of, well, everything.  The BLS posts their methodology on line.  They have been doing these statistics the exact same way since the Reagan administration.  How in the world do you figure the numbers aren't accurate yet you are using them yourself?  lol.  The monthy report is reported on, well, monthly.  Just because YOU just heard about the different numbers doesn't mean that nobody else knew about it.  They ALWAYS report on the "real" unemployment number and ALWAYS publish it.  I have even heard Obama talk about those numbers.  

Obama cannot mess with the BLS, they report stats and thats all they do, and all they have done, since they were formed.  You can go to the site and see historical information 

Access to historical data for the "A" tables of the Employment Situation News Release


Note: The forms below allow you to retrieve historical data for labor force series found in the monthly "A" tables, based on the household survey, of the Employment Situation news release. The layout of the forms is similar to those published in the monthly "A" tables.

http://www.bls.gov/cps/cpsatabs.htm

The fact that you are acting like everyone else is fooled just because YOU didn't know how the number is calculated is frankly insulting.  Go to the BLS and learn something.

Quoting Naturewoman4:

Well I have never went along with anything that comes out of the Labor Dept.  Because, Obama basically OWNS these types of Depts. He can have them screw with the numbers.  Obama in his own words said he will get the numbers down to 5.6%, he FAILED & didn't even come close. 

There are two ways they report unemployment figures.  Using the U3 numbers, which is what is being reported.  (of course, because that would favor Obama better) & then there's the TRUE numbers using teh U6.  U6 is what the Gov. doesn't want you to see.  It's at 14.7%.  This number is including ALL the people that want to work, but can't find a job.  Therefore, they have given up.  Also, those that have to take a p/t job, even when they need a f/t job.  The U3 numbers that are being used & reported uses people that can only be working 1 hr. a wk.  That is NOT the TRUE number of our unemployment. 

So, I don't know how ANYONE can get excited over any of this.  It's very laughable.  At the rate Obama is going, it's going to take us till 2025 to get at numbers before the recession.  ONLY 63.6% of Americans are working since Carter.  Worse economy since WWII.  You say that I don't care about those unemployed ummmm.. Well it's Obama that doesn't care.  Because, he doesn't care to include all those people that have gotten discouraged & gave up.  They don't count anyone, how sad.  23.2M are STILL looking for work!!!!  It doesn't take a math wiz to figure this all out Shannon. 

Since, Obama has taken office....2009 was worse than 2008...2010 was worse than 2009...2011 was worse than 2010..& 2012 is on it's way to being worse than 2011....So, NO improvement at all..All one has to do Shannon, is look around them.  How can ANY American no matter what your party is, be so ignorant & NOT see the FACTS the REALITY.  So, Shannon IF you prefer to NOT count those that are wanting to work but can't find a job, or those that have to take a p/t job that may only give them a few hrs. a wk., then go ahead.  OR even those hundreds of thousands of Americans that have lost their unemployment benefits, & went straight down to Soc. Sec. Disability to try to get something!!  They aren't counted either.


LoveMyBoyK
by Ruby Member on Oct. 6, 2012 at 5:09 PM
ROTFLMAO! Yeah, because so manypeople have been on the unemployment rolls for SO LONG they have finally dropped off. You do not really think that many people suddenly found jobs do you?
Posted on CafeMom Mobile
shannonnigans
by Platinum Member on Oct. 6, 2012 at 5:31 PM
2 moms liked this
Obama owns the Department of Labor? We have 36% unemployment? Are you drunk? WTF?! Oh again, you don't cite a single source. Like last time. And the time before. And so on....


Quoting Naturewoman4:

Well I have never went along with anything that comes out of the Labor Dept.  Because, Obama basically OWNS these types of Depts. He can have them screw with the numbers.  Obama in his own words said he will get the numbers down to 5.6%, he FAILED & didn't even come close. 


There are two ways they report unemployment figures.  Using the U3 numbers, which is what is being reported.  (of course, because that would favor Obama better) & then there's the TRUE numbers using teh U6.  U6 is what the Gov. doesn't want you to see.  It's at 14.7%.  This number is including ALL the people that want to work, but can't find a job.  Therefore, they have given up.  Also, those that have to take a p/t job, even when they need a f/t job.  The U3 numbers that are being used & reported uses people that can only be working 1 hr. a wk.  That is NOT the TRUE number of our unemployment. 


So, I don't know how ANYONE can get excited over any of this.  It's very laughable.  At the rate Obama is going, it's going to take us till 2025 to get at numbers before the recession.  ONLY 63.6% of Americans are working since Carter.  Worse economy since WWII.  You say that I don't care about those unemployed ummmm.. Well it's Obama that doesn't care.  Because, he doesn't care to include all those people that have gotten discouraged & gave up.  They don't count anyone, how sad.  23.2M are STILL looking for work!!!!  It doesn't take a math wiz to figure this all out Shannon. 


Since, Obama has taken office....2009 was worse than 2008...2010 was worse than 2009...2011 was worse than 2010..& 2012 is on it's way to being worse than 2011....So, NO improvement at all..All one has to do Shannon, is look around them.  How can ANY American no matter what your party is, be so ignorant & NOT see the FACTS the REALITY.  So, Shannon IF you prefer to NOT count those that are wanting to work but can't find a job, or those that have to take a p/t job that may only give them a few hrs. a wk., then go ahead.  OR even those hundreds of thousands of Americans that have lost their unemployment benefits, & went straight down to Soc. Sec. Disability to try to get something!!  They aren't counted either.


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.






Posted on CafeMom Mobile
Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN