Welcome Guest
( Log In | Register )
The time is now 4:52 pm
You last visited January 23, 2017, 3:52 pm
All times shown are
Eastern Time (GMT-5:00)

The End Of US Is Coming? Jobless Rate Falls To 7.7% Due To 540,000 People Drop From Labor Force Whil

Published:

The End Of US Is Coming? Jobless Rate Falls To 7.7% Due To 540,000 People Drop From Labor Force While The United States Actually Has A Higher Percentage Of Workers Doing Low Wage Work Than Any Other Major Industrialized Nation Does!
Friday, December 7, 2012 16:05
 

146,000 Jobs Added In November, Beat Expectation Of 85,000, Unemployment Rate Lower At 7.7%

Confused why the unemployment rate dropped? The same, favorite BLS adjustment – a drop in the labor force participation rate which declined by 0.2% to 63.6% once again, as the number of people out of the labor increased by over 540K to 88,883,000.

In terms of quality of jobs, the biggest gain was in retail jobs as expected in part of the Thanksgiving rush, which added +53K jobs, Professional and Business services rose by 43K, of which Administrative and Waste Services was +23K, and Hospitality and Leisure +23K: all los paying jobs. Construction jobs lost: 20K.

 

UNEMPLOYMENT RATE PLUNGES TO 3.8% — FOR GOV’T WORKERS

The unemployment rate for government workers plunged from 4.2 percent in October to 3.8 percent in November, according to the Bureau of Labor Statistics, as government added 35,000 to its taxpayer-funded payrolls during the month.

In October, federal, state and local governments in the United States employed 20,524,000 people. In November, that climbed to 20,559,000.

As recently as July, the unemployment rate for government workers was as high as 5.7 percent, according to the BLS. That month, government employed only 20,015,000.

The United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

From Good Jobs To Bad Jobs To No Jobs – The Tragic Downfall Of The American Worker

And our politicians are certainly not helping matters. Many of the things that they have done are actually going to accelerate the loss of good jobs. For example, as one small business owner recently pointed out, Obamacare is going to force businesses all over the United States to minimize the number of full-time workers they are using and replace them with part-time workers…

Here is what I am doing for the rest of the year — working with every manager in my company so that as of January 1, 2013, none of our employees are working more than 28 hours a week. I think most readers know the reason — we have got to get our company under 50 full time employees or else I am facing a bill from Obamacare in 2014 that will be several times larger than my annual profit. I love my workers. They make me a success. But most of my competitors are small businesses that are exempt from the Obamacare hammer. To compete, I must make sure my company is exempt as well. This means that our 400+ full time employees will have to be less than 50 in 2013, so that when the Feds look at me at the start of 2014, I am exempt. We will have more employees working fewer hours, with more training costs, but the Obamacare bill looks like about $800,000 a year for us, at least, and I am pretty sure the cost of more training will be less than that.

Read more at http://investmentwatchblog.com/the-end-of-us-is-coming-jobless-rate-falls-to-7-7-due-to-540000-people-drop-from-labor-force-while-the-united-states-actually-has-a-higher-percentage-of-workers-doing-low-wage-work-than-any-other-ma/#2MyUtTeIr42m5fCf.99

Related Stories
Entry #228

Comments

1.
JADELotteryComment by JADELottery - December 8, 2012, 9:45 pm
When you want to float that Turd, you got to give that false sense of Hope.

That's why 10 out of 9 want believe what they are being told is the truth.
2.
MADDOG10Comment by MADDOG10 - December 8, 2012, 10:55 pm
The real truth can never be seen, by those that can't see beyond their noses.

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.