June unemployment rate 7.6 percent?, Labor force participation rate down .3 percent past year, Part time workers up 322K, Discouraged workers up 206K over year, Employment up 195K in June???
“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013
“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013
“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″
From the US Labor Department July 5, 2013.
“THE EMPLOYMENT SITUATION — JUNE 2013
Total nonfarm payroll employment increased by 195,000 in June, and the
unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of
Labor Statistics reported today. Employment rose in leisure and
hospitality, professional and business services, retail trade, health
care, and financial activities.
Household Survey Data
The number of unemployed persons, at 11.8 million, and the unemployment
rate, at 7.6 percent, were unchanged in June. Both measures have shown
little change since February. (See table A-1.)
Among the major worker groups, the unemployment rate for adult women
(6.8 percent) edged up in June, while the rates for adult men (7.0
percent), teenagers (24.0 percent), whites (6.6 percent), blacks (13.7
percent), and Hispanics (9.1 percent) showed little or no change. The
jobless rate for Asians was 5.0 percent (not seasonally adjusted), down
from 6.3 percent a year earlier. (See tables A-1, A-2, and A-3.)
In June, the number of long-term unemployed (those jobless for 27 weeks
or more) was essentially unchanged at 4.3 million. These individuals
accounted for 36.7 percent of the unemployed. Over the past 12 months,
the number of long-term unemployed has declined by 1.0 million. (See
The civilian labor force participation rate, at 63.5 percent, and the
employment-population ratio, at 58.7 percent, changed little in June.
Over the year, the labor force participation rate is down by 0.3
percentage point. (See table A-1.)
The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) increased by 322,000 to 8.2
million in June. These individuals were working part time because their
hours had been cut back or because they were unable to find a full-time
job. (See table A-8.)
In June, 2.6 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally
adjusted.) These individuals were not in the labor force, wanted and
were available for work, and had looked for a job sometime in the prior
12 months. They were not counted as unemployed because they had not
searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 1.0 million discouraged
workers in June, an increase of 206,000 from a year earlier. (The data
are not seasonally adjusted.) Discouraged workers are persons not
currently looking for work because they believe no jobs are available
for them. The remaining 1.6 million persons marginally attached to the
labor force in June had not searched for work for reasons such as
school attendance or family responsibilities.”
You are being lied to and misled by the Obama Administration and mainstream media. Examine the numbers for yourself.
From Citizen Wells July 3, 2013.
Here is the report from the NC ESC, Employment Security Commission.
“Unemployment rates (not seasonally adjusted) increased in 87 of North Carolina’s counties in May, decreased in 12 and remained the same in one. All 14 of the State’s metro areas experienced rate increases.”
Compare the ESC report to the News Record article.
It appears to me and another well informed gentleman that I know, that since Warren Buffett’s Berkshire Hathaway purchased the News Record, the reporting on jobs and the economy has been watered down.
From Citizen Wells June 29, 2013.
“The labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.
It gets worse.
The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.
It gets worse.
The NC Labor Force Participation Rate dropped 3.7 percent since the Democrats took control of both US houses of congress in 2007.
It gets worse.
The NC Employment to population rate dropped 6.1 percent since the Democrats took control of both US houses of congress in 2007.”