RE and economic charts: CRs: October Employment Report: 80,000 Jobs, 9.0% Unemployment Rate + Employment Summary, Part Time Workers, and Unemployed over 26 Weeks

Friday, November 4, 2011

CRs: October Employment Report: 80,000 Jobs, 9.0% Unemployment Rate + Employment Summary, Part Time Workers, and Unemployed over 26 Weeks

[mEDITate-OR:

fail to read Bill@CR's very explicit explanation in the 2nd CR post, below

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Summary:

"There are a total of 13.9 million Americans unemployed

and 5.9 million have been unemployed for more than 6 months.

Very grim.

Overall this was another weak employment report and suggests sluggish economic growth.

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The 1st chart shows U.S. three very important things we need to look at.
The 2nd & 3rd show U.S. how deep and how long this has been going on.
the 4th & 5th show U.S. two types of U.S. that are being hurt VERY badly by this.
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[mEDITate-OR: two
wonder why they would substantially revise UP that two months by 150,000
and then show this months as another decline.
Which is the Faux Noise?
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The change in total nonfarm payroll employment for August was revised from +57,000 to +104,000
and the change for September was revised from +103,000 to +158,000.
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The unemployment rate declined to 9.0% (red line).
The Labor Force Participation Rate was unchanged 64.2% in October (blue line). This is the percentage of the working age population in the labor force. The participation rate is well below the 66% to 67% rate that was normal over the last 20 years, although some of the decline is due to the aging population.
The Employment-Population ratio increased to 58.4% in October (black line).