Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds   

America's Dismal August Jobs Report

By       (Page 1 of 6 pages)     (# of views)   No comments
Author 194
Message Stephen Lendman
Become a Fan
  (191 fans)
- Advertisement -

America's Dismal August Jobs Report


What few jobs were created were low pay poor ones.

by Stephen Lendman

- Advertisement -

Headlines obscured its ugliness. The Bureau of Labor Statistics (BLS) reported a dismal 96,000 jobs created. Whisper numbers suggested around 200,000. June and July totals were revised down 41,000. They're usually momentum drivers for future data releases.

U-3 unemployment dropped from 8.3% to 8.1%. It's because 368,000 workers hadn't found jobs after over a year of looking. BLS calls them non-persons. They don't exist. 

At the same time, it added a fictitious 87,000 jobs based on so-called birth/death calculations. They turn reality on its head. 

- Advertisement -

The labor force participation rate fell from 63.7% to 63.5% month over month. Doing so hit a 30 year low.

The total number of non-person workers surged 2.7 million. It's 3.2% above a year ago. An astonishing 89 million Americans want jobs can't find them. Their numbers equal Germany's entire population.

Next Page  1  |  2  |  3  |  4  |  5  |  6

 

- Advertisement -

Rate It | View Ratings

Stephen Lendman Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert