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Old 09-06-2015, 10:23 AM
 
Location: Texas
37,949 posts, read 17,862,130 times
Reputation: 10371

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Quote:
Originally Posted by Mircea View Post
That would paint a much clearer picture about the country's employment workforce strength instead of this "unemployment" rate that does not include people who are given up looking for work.

There is. It's called the Employment-to-Population Ratio, which dropped 3 points to 59.4%.

The Labor Force Participation rate, which dropped 5 points to 62.7% is another measure used in conjunction with the E-Pop Ratio.

You can also look at the number of employed directly:

149,722,000 July
149,228,000 August
--------------
494,000 Americans lost their job.
But, that's good. Because more people die ever day than are born. Everyone knows the population is decreasing, right?

We're getting bled to death and boobus doesn't see it.
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Old 09-06-2015, 10:41 AM
 
8,418 posts, read 7,412,065 times
Reputation: 8767
Quote:
Originally Posted by Mircea View Post
You can also look at the number of employed directly:

149,722,000 July
149,228,000 August
--------------
494,000 Americans lost their job.
Curious...what numbers are you looking at?

From Graph: Total nonfarm payroll employment (seasonally adjusted)

Total non-farm payroll employment (rounded to nearest thousand):

Jan 2015: 140,793,000
Feb 2015: 141,059,000 +266,000
Mar 2015: 141,178,000 +119,000
Apr 2015: 141,365,000 +187,000
May 2015: 141,625,000 +260,000
Jun 2015: 141,870,000 +245,000
Jul 2015: 142,115,000 +245,000*
Aug 2015: 142,288,000 +173,000*

July and August are noted as preliminary measurements.
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Old 09-06-2015, 10:49 AM
 
Location: Texas
37,949 posts, read 17,862,130 times
Reputation: 10371
Quote:
Originally Posted by djmilf View Post
Curious...what numbers are you looking at?

From Graph: Total nonfarm payroll employment (seasonally adjusted)

Total non-farm payroll employment (rounded to nearest thousand):

Jan 2015: 140,793,000
Feb 2015: 141,059,000 +266,000
Mar 2015: 141,178,000 +119,000
Apr 2015: 141,365,000 +187,000
May 2015: 141,625,000 +260,000
Jun 2015: 141,870,000 +245,000
Jul 2015: 142,115,000 +245,000*
Aug 2015: 142,288,000 +173,000*

July and August are noted as preliminary measurements.
djmilf - CES survey of employer
Mircea - CPS survey of households

CPS includes farm workers and the self-employed. CES does not.
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Old 09-06-2015, 11:01 AM
 
Location: Alameda, CA
7,605 posts, read 4,844,821 times
Reputation: 1438
Quote:
Originally Posted by Mircea View Post

There is. It's called the Employment-to-Population Ratio, which dropped 3 points to 59.4%.

The Labor Force Participation rate, which dropped 5 points to 62.7% is another measure used in conjunction with the E-Pop Ratio.

You can also look at the number of employed directly:

149,722,000 July
149,228,000 August
--------------
494,000 Americans lost their job.
Using non-seasonally adjusted numbers will often show greater swings. Often at the same time every year.

If you look year over year you will see both SA an NSA numbers are in agreement. Both sets of numbers show that the employment situation is getting better.

NSA - Employed
149,228 Aug 2015
146,647 Aug 2014
---------
+2,581

NSA - E-Pop
59.4 Aug 2015
59.1 Aug 2014

SA - Employed
149,036 Aug 2015
146,451 Aug 2014
---------
+2,585

SA - E-Pop
59.4 Aug 2015
59.0 Aug 2014
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Old 09-06-2015, 11:11 AM
 
8,418 posts, read 7,412,065 times
Reputation: 8767
I couldn't find the source for the claim that 494,000 Americans lost their jobs per the BLS household survey. I must not be looking in the right place.

I did find this press release from the BLS dated September 4, 2015. http://www.bls.gov/web/empsit/ces_cps_trends.pdf

In the linked document, the payroll survey of employment shows an increase of 173,000 jobs between August 2015 and July 2015. This matches the previous source I found.

The household survey of employment shows an increase of 196,000 jobs between August 2015 and July 2015. Additionally, it lists an 'adjusted' household survey of employment that shows an increase of 106,000 jobs over the same time period.

A link to the BLS household survey showing the loss of 494,000 jobs between July and August would be helpful.
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Old 09-06-2015, 11:17 AM
Status: "everybody getting reported now.." (set 22 days ago)
 
Location: Pine Grove,AL
29,551 posts, read 16,539,320 times
Reputation: 6038
Quote:
Originally Posted by Mircea View Post
--------------
494,000 Americans lost their job.

Lost your job is not the same thing as left the labor force.


The number you posted is the number of Americans who left the labor force.
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Old 09-06-2015, 11:20 AM
 
Location: Alameda, CA
7,605 posts, read 4,844,821 times
Reputation: 1438
Quote:
Originally Posted by djmilf View Post
I couldn't find the source for the claim that 494,000 Americans lost their jobs per the BLS household survey. I must not be looking in the right place.

I did find this press release from the BLS dated September 4, 2015. http://www.bls.gov/web/empsit/ces_cps_trends.pdf

In the linked document, the payroll survey of employment shows an increase of 173,000 jobs between August 2015 and July 2015. This matches the previous source I found.

The household survey of employment shows an increase of 196,000 jobs between August 2015 and July 2015. Additionally, it lists an 'adjusted' household survey of employment that shows an increase of 106,000 jobs over the same time period.

A link to the BLS household survey showing the loss of 494,000 jobs between July and August would be helpful.
Look at the "Not seasonally adjusted" columns.

Table A-1. Employment status of the civilian population by sex and age
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Old 09-06-2015, 11:25 AM
 
5,113 posts, read 5,971,685 times
Reputation: 1748
Quote:
Originally Posted by Quaker15 View Post
There needs to be a new term: Employment Rate.

That rate should be anyone working age, maybe 18 to 68. And, report the employment rate for those people in two categories: Full time and part time.

That would paint a much clearer picture about the country's employment workforce strength instead of this "unemployment" rate that does not include people who are given up looking for work.
You can change it but the government will still find a way to lie about it so that the masses are in the dark.
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Old 09-06-2015, 11:27 AM
 
Location: Long Island, NY
19,792 posts, read 13,947,200 times
Reputation: 5661
Quote:
Originally Posted by Mircea View Post
That would paint a much clearer picture about the country's employment workforce strength instead of this "unemployment" rate that does not include people who are given up looking for work.
There is. It's called the Employment-to-Population Ratio, which dropped 3 points to 59.4%.

The Labor Force Participation rate, which dropped 5 points to 62.7% is another measure used in conjunction with the E-Pop Ratio.

You can also look at the number of employed directly:

149,722,000 July
149,228,000 August
--------------
494,000 Americans lost their job.[/quote]

According to FRED:

2015-08: 142,288,000
2015-07: 142,115,000
2015-06: 141,870,000
2015-05: 141,625,000
2015-04: 141,365,000
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Old 09-06-2015, 11:33 AM
 
2,499 posts, read 2,626,467 times
Reputation: 1789
Baby boomers retiring plus the ability to have health care prior to 65 or stay on parents plan until you are 26 has an impact on the labor participation rate that may not necessarily be entirely negative.

The economy is better than it was in 2008/2009.
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