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Key Charts From The NFP Report: Records In Jobless Duration And People Who Want A Job As Civilian Labor Force Plunges

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Fri, 12/02/2011 - 10:10 | 1938150 rambler6421
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I heard that some 300,000 aren't in the labor force anymore, so the unemployment rate decreased. 

 

libertarian86.blogspot.com

Fri, 12/02/2011 - 10:13 | 1938164 Tyler Durden
Tyler Durden's picture

Did you read the post you commented on?

Fri, 12/02/2011 - 10:15 | 1938180 trav7777
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and he didn't put "bitchez" in the post...some people sheeh

Fri, 12/02/2011 - 10:18 | 1938195 AngryGerman
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is the one the number of people who want a hand job now? bc then i am also one of them. i would also accept a blow job...

Fri, 12/02/2011 - 10:22 | 1938219 Raskolnikoff
Raskolnikoff's picture

I don't like the people of 'occupy whatever' but when I hear someone like Newt retort 'go get a job' I have to scratch my head, it's like rubbing the salt in good.

Fri, 12/02/2011 - 10:24 | 1938221 Cash_is_Trash
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It's a pear-shaped recovery everybody!

Fri, 12/02/2011 - 10:30 | 1938255 Baron Robber
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Why - because they want to end the fed, or because they want to bring back Glass-Steagel, or because they want to break up the TBTF banks, or maybe its because they want to stop the criminal banksters from funding politicians. Do you work for JPM or GS?

Fri, 12/02/2011 - 11:00 | 1938384 Raskolnikoff
Raskolnikoff's picture

No, but the Democratic Party does work for them, hence these protesters belong in Washington DC, not Wall Street. They are very dishonest. But Obama and gang are pretty smart...they've gotta a lot of buffers placed between them and the real people, and they like to sacrafice some of those buffers every once in a while when it becomes politically expedient. 

Fri, 12/02/2011 - 15:14 | 1939472 TruthInSunshine
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Point A:          350,000 people left the work force (350k more 'discouraged workers' last month alone) and are no longer counted when tabulating employment/unemployment data.

 

Point B:         There was a net gain of 120,000 jobs in the U.S. economy last month, as 120,000 more employees were hired than were fired, based on today's NFP report from the BLS.

 

Point C:         The U.S. unemployment rate, based on today's NFP report from the BLS, dropped to 8.6% from 9.0% a month ago, which is the lowest level of 'official' unemployment since March of 2009.

 

Can you spot the glaring bullshit above that could only be sold convincingly to only the most sheepliest of sheeple, bitchez?

We've not only arrived at Orwell's 1984 moment (consider also the new Defense Bill passed overwhelmingly by the Senate this week, which allows for the indefinite detainment and imprisonment of American Citizens plucked from U.S. soil, without any charges ever having to be filed let alone due process of a trivial trial [/sarc/] having to occur), Orwell, if he were to rise from the grave and visit his nation today, would utter W-T-F, before voluntarily crawling back into his grave.

Fri, 12/02/2011 - 10:59 | 1938377 flattrader
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There's plenty of jobs

Newt believes there are "jobs" for nine year olds to be janitors and greeters in their schools.

Fri, 12/02/2011 - 11:03 | 1938400 Raskolnikoff
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I was a teacher in China and Japan for a number of years, class sizes were 50 kids plus...everyday the kids get up early to clean the school grounds and stay late to clean the classrooms. There is nothing wrong with a janitors job, the kids clean and develop a health school spirit. The fact that Newt wants to pay some kids to do this is pretty generous.

Fri, 12/02/2011 - 11:53 | 1938645 flattrader
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Yes.  I did this in my school too.

It's the REASON why he explains this is useful--

The children in the poorest neighborhood have no role models who have jobs.

Of course, the fat fuck is solidly in the service of those who created that situation.

Fri, 12/02/2011 - 11:59 | 1938683 Raskolnikoff
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I agree, LOL

Fri, 12/02/2011 - 10:24 | 1938225 ArkansasAngie
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I read it and am now wondering why I did. 

All it did was piss me off and left me wondering how do you beat the shatheads who control the media.

Fri, 12/02/2011 - 10:30 | 1938256 Raskolnikoff
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It's not the media, it's the machines. Like a terminator movie.

Fri, 12/02/2011 - 10:24 | 1938232 pazmaker
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Tyler, I'll answer for him. "Nope I'm just pimping my blogspot!"

Fri, 12/02/2011 - 10:55 | 1938353 rambler6421
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Naw Tyler.  I'm just spam.

Fri, 12/02/2011 - 11:50 | 1938631 DOT
DOT's picture

Make mine with pineapple please.

Fri, 12/02/2011 - 11:07 | 1938428 The trend is yo...
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An election is coming up, no matter what the real employment situation is, by november 2012 the unemployment rate will be sub 8.  We are at a point where all gov statistics are manipulated

Fri, 12/02/2011 - 10:12 | 1938156 SheepDog-One
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So then soon we'll have 2 guys workin, and hoping 1 of them doesnt quit or the unemployment rate will be doubled. What a joke this whole thing is. OH but Peter Tchir 'Robo' says this rally really has wings...whatever.

Fri, 12/02/2011 - 10:15 | 1938183 Apocalicious
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Exactly. Moral hazard, prisoners dilemma, etc. When a society reaches the point where the rules-following hard-working ones are the suckers, well, then they decide to stop playing the game and game over...

Fri, 12/02/2011 - 11:02 | 1938388 ElvisDog
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I think, intentionally or not, there has been a consistent meme to keep the hard-working-tax-donkeys in line. (1) We're in a weak recovery, unemployment is going down. (2) The OWS crowd and anyone who is out of work should stop whining and get a job.

So, if you have a job, you probably know that the reality is it's really hard to get a new job so you keep your mouth shut and do whatever it takes to keep your job. If you're out of work, even if you know the MSM and government are spewing a bunch of BS you don't want to come off as a shiftless loser so you keep your mouth shut and engage in the futile search to find a new job (or just live off govt bene's for a while).

Fri, 12/02/2011 - 10:18 | 1938196 swissbene
swissbene's picture

yeah but new claims will be down

Fri, 12/02/2011 - 10:25 | 1938233 EscapeKey
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And don't forget that since they shut down more factories than they laid off workers, the capacity ulilization in fact went UP.

RALLY ON!

Fri, 12/02/2011 - 10:12 | 1938158 vipmoneymachine
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Doesn't matter, buy when Dow is under 11500 and sell at 12500. Works all the time despite any bad news.

Fri, 12/02/2011 - 10:26 | 1938238 EscapeKey
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That's what they want you to think.

Pennies, meet steamroller.

Fri, 12/02/2011 - 10:12 | 1938160 madmike117
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Wow. Watching CNBC, the group orgasm going on is simply stunning. I really want in on that.

Fri, 12/02/2011 - 10:16 | 1938187 CORNGUY
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Watching Bloomberg........they always have the sexiest commentators.     

Fri, 12/02/2011 - 10:19 | 1938205 Stuck on Zero
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Ever notice how similar Bloomberg is to a Vegas Casino?  Great looking chicks.  Urgency.  Lots of noise and activity.  Blinking lights and digits to confuse.  Same psychology.  Same suckers fall for it.

Fri, 12/02/2011 - 10:22 | 1938217 Hippocratic Oaf
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I turned all 5 TV's off in the office. Can't take it

Fri, 12/02/2011 - 10:24 | 1938229 Cash_is_Trash
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What's a tv?

Fri, 12/02/2011 - 16:47 | 1939826 francis_the_won...
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"What's a tv?"

Trained Victim......AKA....."taxpayer"

Fri, 12/02/2011 - 10:12 | 1938161 midtowng
midtowng's picture

I've been trying to tap the BLS web site and see the raw numbers but I can't. The BLS must be getting hammered right now for requests by people asking "WTF?"

Fri, 12/02/2011 - 10:17 | 1938190 vipmoneymachine
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BLS wesite is outsourced to Goldman.

Fri, 12/02/2011 - 10:13 | 1938166 Paul Thomason
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All seems pretty good to me. Might borrow some money to buy some stocks at these bargain prices.

Fri, 12/02/2011 - 11:52 | 1938643 DOT
DOT's picture

No Borrowing For You !

 

 

Fri, 12/02/2011 - 13:01 | 1939008 bigkahuna
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leverage and go short and then leverage that - if you must gamble.

Fri, 12/02/2011 - 10:13 | 1938169 GeneMarchbanks
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Full employment... soon.

Fri, 12/02/2011 - 10:13 | 1938171 Tsar Pointless
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http://www.bls.gov/news.release/empsit.t01.htm

All the noise is drowning out the news!! Ahh!

Okay, here are the not-seasonally adjusted numbers that matter from this report. I don't know why reputable sites such as ZH play along with the "seasonally adjusted" and "headline" employment number games promulgated by the CMSM. I would expect better.

U-3 fell to 8.2%, by far the lowest in over three years. The participation rate dropped to 63.9%, matching the record low for this series, matched three prior times this year.

A grand total of 576,000 people were welcomed into the ranks of the "Not in Labor Force", which swells to another record of 86.757 million.

The number of employed only rose by 83,000, as the unemployed fell almost 500,000 to 12.613 million.

Oh, and the civilian labor force - which should grow month-to-month - declined by about 400,000, and is now below the November 2010 level.

Clearly, the trend has been set: The official unemployment rate is quickly falling, but the number of people in our population who are retiring or simply giving up is rising just as dramatically, if not more.

We could be well below 8.0% in "official" unemployment by next November, but that would be outweighed by the reality of nearly 90 million people doing nothing.

Then again, since when has real reality mattered in this fascist little hellhole we call "Amerikkka"?

Fri, 12/02/2011 - 10:17 | 1938193 trav7777
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the gov't math makes it such that if you are unemployed long enough, you're no longer unemployed.

Feel free to puke when Obama goes on the campain trail and announces how he has "cut unemployment" and parrots this headline rate.

Fri, 12/02/2011 - 11:04 | 1938405 Dave Stoller
Dave Stoller's picture

"if you are unemployed long enough, you're no longer unemployed"

 

Bingo

Fri, 12/02/2011 - 12:13 | 1938750 pain_and_soros
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aka as "expendable", i.e., we ain't spending no mo money on you...go find a job or whatever...just get lost.

O'bummer's new campaign slogans...

4 more years!!!  no more tears!!! 

Just Biden my time, till the sun returns to shine...

Barry & Joe, a can-do team don't ya know!

 

Fri, 12/02/2011 - 10:55 | 1938355 GeezerGeek
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Obama promised to fundamentally restructure America. He is currently engaged in fundamentally restructuring the definition of reality. It's the only way he gets to keep his job in November 2012.

Fri, 12/02/2011 - 11:07 | 1938416 ElvisDog
ElvisDog's picture

And isn't the "Not in Labor Force" number completely subjective. The BLS can make that number whatever they want? It's stupefying to me that anyone (MSM included) could say with a straight face that in this time of economic stagnation and people falling off unemployment rolls that 576K people voluntarily decided not to work any more.

What I'm waiting for is Obama to hold one of his rallies with beaming faces in the background and say that even though unemployment is going down (thanks to him) that congress needs to pass his jobs bill now more than ever.....

Fri, 12/02/2011 - 11:17 | 1938467 Tsar Pointless
Tsar Pointless's picture

No. I think it's the truest indicator we have in the employment situation report.

This group included those who have given up totally in the search for a job, but are not yet retirement age, as well as those who are retired (think baby-boomers), and other types.

So, I don't think it's subjective at all. On the contrary - it's entirely objective.

Fri, 12/02/2011 - 10:13 | 1938172 Josh Randall
Josh Randall's picture

People falling off the dole -- so the more 99'ers that fall off, the better the economy looks - what a concept, what a country 

Fri, 12/02/2011 - 10:14 | 1938174 CORNGUY
CORNGUY's picture

Shit, everythings good now.   

Fri, 12/02/2011 - 13:48 | 1939204 Esso
Esso's picture

Hells man, almost all them charts is goin' up. The economy's never been better, bitchez!

Fri, 12/02/2011 - 10:14 | 1938175 Robslob
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And with the extension of jobless benefits look for this number to expand in perpetuity or until the oligarchs decide it is time to put everyone back to work in the U.S., also know as......WAR!

Fri, 12/02/2011 - 11:08 | 1938435 ElvisDog
ElvisDog's picture

Hah, that's funny. Take the land whales out of the Walmart $2 waffle maker line and send them to the front.

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