US jobless rate falls to 7.8 pct., 44-month low - page 4

The U.S. unemployment rate fell to 7.8 percent last month, dropping below 8 percent for the first time in nearly four years. The Labor Department says employers added 114,000 jobs in September. The economy also created 86,000... Read More

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    I haven't read anyone in the allnurses break room celebrating.
    We will have the seasonally adjusted data later this month.
    ... The unemployment rate decreased to 7.8 percent in September, and total nonfarm
    payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported
    today. Employment increased in health care and in transportation and warehousing
    but changed little in most other major industries....

    ... The unemployment rate declined by 0.3 percentage point to 7.8 percent in September.
    For the first 8 months of the year, the rate held within a narrow range of 8.1
    and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by
    456,000 in September. (See table A-1.)...

    ... In September, the number of job losers and persons who completed temporary jobs
    decreased by 468,000 to 6.5 million. (See table A-11.) ...

    United States Bureau of Labor Statistics.

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

    Employment Situation Summary Table A. Household data, seasonally adjusted
    tewdles likes this.

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    The bottom line is that the folks who have determined that Obama is a failure and must be replaced at any cost will not find anything in any reports to change their opinions.

    I for one am glad that the economic disaster of the Bush administration has minimally been "contained" and that we are no longer hemorrhaging jobs.

    No one thinks there is adequate recovery...
    TheCommuter and Stcroix like this.
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    Quote from Esme12
    I haven't looked ..........previously it has been stated that "unemployment applications" have dropped and new applicants are xyz. The amount that have dropped of the radar and new applicants may equal to less total. But in an election year I am always skeptical of "new" figures complied by the government when they have an incumbent running.....whomever is in office.

    There are two facilities in MA alone laying off....and that includes nurses.
    These are monthly figures that having coming out for years, including this election year. So while they are "new" Obama certainly didn't manufacture them. But it's interesting in states with Republican governors like Florida, Wisconsin and Texas they are saying "look what I've done!".

    Not sure what two facilities in MA laying off workers means relative to this job report. Obviously there are layoffs happing everywhere. We have areas here that are laying off workers too, and places like Whole Foods that are hiring 150 people this month...mercifully the job growth in FL has been positive.

    I don't blame anyone for being skeptical. We all should be and hold our politicians accountable for accuracy and for helping the situation.
    Last edit by Tweety on Oct 5, '12
    tewdles likes this.
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    Quote from tewdles
    No one thinks there is adequate recovery...
    I agree. Just like Jolie gets wearing of presenting the "truth", I get weary of saying that no one is celebrating.
    tewdles likes this.
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    Quote from Jolie
    I guess it has become my responsibility to provide this information on a monthly basis:

    New claims for unemployment in the final week of September: In the week ending September 29, the advance figure for seasonally adjusted initial claims was 367,000, an increase of 4,000 from the previous week's revised figure of 363,000. The 4-week moving average was 375,000, unchanged from the previous week's revised average.

    ETA Press Release: Unemployment Insurance Weekly Claims Report

    So it's great that 115K jobs (give or take) were created in the same month. It amounts to roughly 1 job created for every 10 jobs lost. The drop in the official unemployment rate can be attributed to discouraged workers dropping out of the labor force altogether. (115K new jobs in September versus 1.2 million newly unemployed workers.)

    Not good news, nothing to celebrate. But the masses cheer the information fed to them by the mainstream media and fail to question data which doesn't support their claims of an improved economy.
    I don't thinks it's accurate to take the total number of jobs created versus the number of people that filed unemployment.

    If you are using the number of unemployment claims, a more accurate comparison would be to compare the number of people hired in all jobs...vs. the number of people that filed unemployment claims. There's a big difference in the number of jobs created and the people that are being hired in new jobs.

    Your spin that for every job "created" 10 are lost might be true. But that doesn't account perhaps that maybe nine different people are starting new jobs somewhere.


    http://www.bls.gov/news.release/jolts.t02.htm

    The number of jobs created in the country is woefully inadequate to meet the needs of a growing population and an economy in need of austerity. So, at least I'm not celebrating. I don't know who is.

    http://www.bls.gov/news.release/pdf/empsit.pdf
    Last edit by Tweety on Oct 5, '12
    tewdles and herring_RN like this.
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    I will agree with the poster who stated: WHAT kinds of jobs were added, minimum wage jobs? I have a feeling that this is the absolute truth. They can add all the minimum wage jobs they want, it doesn't feed families. It won't even feed a single person. I think both candidates are scammers and we are SOL for the next 4 years no matter who gets elected.
    I think the only real chance now healthcare has at the moment is that much ill received and much dreaded medicare reinbursment regulation on re admission. I think once the healthcare systems get tired of being fined for these re admissions, they will grow sick and tired and start hiring more nurses. There is no way they can meet the demands of that regulation with the staffing levels they have going on now. You can only beat a horse so much before they drop dead. and I think nursing is about to drop dead from poor staffing.

    I for one an sick and tired of being a temporary worker and the other times on unemployment.
    imintrouble, tewdles, and Tweety like this.
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    tewdles likes this.
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    it's funny how the conservatives are calling this improvement a conspiracy - if this was a "conspiracy" as they say then the numbers would have looked rosy from day 1 - not just 1 month out of the President's 4 year term

    the REAL conspiracy is how the Republican party (from all corners of the nation) conspired to "remove Obama from Office" regardless of how it affected the economy, the middle class, and the poor

    regardless of the so-called unemployment rate "tampering"...
    regardless of the many cookoo conspiracy theories out there....
    regardless of all the millions going into the Republican Super Pacs...
    regardless of all the flip-flops the Republican candidate has said over the past 8 years...

    Obama will still win re-election and the Senate will still be in the hands of the Democrats.
    TheCommuter and mediajunkie650 like this.
  9. 5
    Quote from Joe V

    Obama will still win re-election and the Senate will still be in the hands of the Democrats.
    I can't tell you how much I hope you are wrong on at least one of those. If you are correct, then we, as a nation, are screwed.
    Tina, RN, VivaLasViejas, mc3, and 2 others like this.
  10. 5
    Quote from tntrn
    I can't tell you how much I hope you are wrong on at least one of those. If you are correct, then we, as a nation, are screwed.
    I choose Obama for him to be wrong about.


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