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Two Years Later


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#1 mudmanc4

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Posted 03 September 2010 - 07:21 AM

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Transmission of material in this release is embargoed USDL-10-1212until 8:30 a.m. (EDT) Friday, September 3, 2010Technical information: Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/cesMedia contact: (202) 691-5902 * PressOffice@bls.gov

THE EMPLOYMENT SITUATION -- AUGUST 2010

Nonfarm payroll employment changed little (-54,000) in August, and the unem-ployment rate was about unchanged at 9.6 percent, the U.S. Bureau of LaborStatistics reported today. Government employment fell, as 114,000 temporaryworkers hired for the decennial census completed their work.

Private-sectorpayroll employment continued to trend up modestly (+67,000).Household Survey DataThe number of unemployed persons (14.9 million) and the unemployment rate(9.6 percent) were little changed in August. From May through August, thejobless rate remained in the range of 9.5 to 9.7 percent. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men (9.8 per-cent), adult women (8.0 percent), teenagers (26.3 percent), whites (8.7 per-cent), blacks (16.3 percent), and Hispanics (12.0 percent) showed littlechange in August. The jobless rate for Asians was 7.2 percent, not season-ally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) de-clined by 323,000 over the month to 6.2 million. In August, 42.0 percent ofunemployed persons had been jobless for 27 weeks or more. (See table A-12.)

In August, the civilian labor force participation rate (64.7 percent) andthe employment-population ratio (58.5 percent) were essentially unchanged.(See table A-1.)The number of persons employed part time for economic reasons (sometimes re-ferred to as involuntary part-time workers) increased by 331,000 over themonth to 8.9 million. These individuals were working part time because theirhours had been cut back or because they were unable to find a full-time job.(See table A-8.)

About 2.4 million persons were marginally attached to the labor force inAugust, little changed from a year earlier. (The data are not seasonally ad-justed.) These individuals were not in the labor force, wanted and were avail-able for work, and had looked for a job sometime in the prior 12 months. Theywere not counted as unemployed because they had not searched for work in the4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 1.1 million discouraged workers inAugust, an increase of 352,000 from a year earlier. (The data are not season-ally adjusted.) Discouraged workers are persons not currently looking for workbecause they believe no jobs are available for them. The remaining 1.3 millionpersons marginally attached to the labor force had not searched for work in the4 weeks preceding the survey for reasons such as school attendance or familyresponsibilities.Establishment Survey DataTotal nonfarm payroll employment was little changed (-54,000) in August.

Govern-ment employment fell by 121,000, reflecting the departure of 114,000 temporaryCensus 2010 workers from federal government payrolls. Total private employmentcontinued to trend up modestly over the month (+67,000). Since its most recentlow in December 2009, private-sector employment has risen by 763,000. (Seetable B-1.)

Employment in health care increased by 28,000 in August, with the largest gainsoccurring in ambulatory health care services (+17,000) and hospitals (+9,000).Thus far in 2010, the health care industry has added an average of 20,000 jobsper month, about in line with the average monthly job growth in 2009.Mining employment rose by 8,000 in August. Since a recent low in October 2009,employment in the industry has increased by 72,000. Support activities for mininghas accounted for about three-fourths of the gain.

Manufacturing employment declined by 27,000 over the month. A decline in motorvehicles and parts (-22,000) offset a gain of similar magnitude in July as theindustry departed somewhat from its usual layoff and recall pattern for annualretooling.Within professional and business services, employment in temporary help serviceswas up by 17,000.

This industry has added 392,000 jobs since a recent employmentlow in September 2009.Construction employment was up (+19,000) in August. This change partially re-flected the return to payrolls of 10,000 workers who were on strike in July.

Employment in retail trade was about unchanged over the month. A job gain amongmotor vehicle and parts dealers (+8,000) was essentially offset by losses inbuilding materials and garden supply stores (-6,000).Employment in other private-sector industries, including wholesale trade, trans-portation and warehousing, information, financial activities, and leisure andhospitality, showed little change in August.Over the month, government employment fell by 121,000, largely reflecting theloss of 114,000 temporary workers hired for Census 2010.

The number of tempor-ary Census 2010 workers peaked in May at 564,000 but has declined to 82,000 inAugust.The average workweek for all employees on private nonfarm payrolls was unchangedover the month at 34.2 hours. The manufacturing workweek for all employees in-creased by 0.1 hour to 40.2 hours, and factory overtime was up by 0.1 hour.

Theaverage workweek for production and nonsupervisory employees on private nonfarmpayrolls increased by 0.1 hour to 33.5 hours. (See tables B-2 and B-7.)

Average hourly earnings of all employees on private nonfarm payrolls increasedby 6 cents, or 0.3 percent, to $22.66 in August. Over the past 12 months, aver-age hourly earnings have increased by 1.7 percent. In August, average hourlyearnings of private-sector production and nonsupervisory employees increased by3 cents, or 0.2 percent, to $19.08. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for June was revised from -221,000to -175,000, and the change for July was revised from -131,000 to -54,000.___________
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#2 tommie gorman

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Posted 04 September 2010 - 03:26 PM

Yep, Obama needs to get off his alwways on vacation and put people to work. That shouldhave been job #1 in the beggining, not playing with ways to increase taxes with no cash flow. You can tell he was not an economics major with good grades for sure. :tickedoff:
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#3 mudmanc4

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Posted 04 September 2010 - 04:07 PM

Now there taking about yet another stimulus , but you wont hear it in the main stream this way.

What we'll hear is that the administration and the dems are going to 'work " with republicans to offer them deals such as tax breaks for "the rich " lol , and business loan plans , some of which no one wants anyhow. If there smart then they'll just say no ,

But then as usual they'll be targeted as starving the babies of the country and forcing people to leave there homes.

How can you spend your way out of a financial issue , i dont get it ? If my checkbook gets low , I dont take loans I cant repay in a lifetime , I do something to bring more revenue into my account.

Get a grip people , if your in a tight spot , get out there and be innovative , create something for yourself , be somebody that others come to . This whole welfare stte thing is not what it is for, it's for people that cannot do it for one of many reasons , not capable people just being lazy.

Go out and do something ,make something , just think differently , dont think where will I find a job , who will hire me , rather think , what can I create for myself ? What service can I offer to others ?

anyhow


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