LABOR PARTICIPATION CONTINUES TO PLUMMET … WAGES FLAT
The federal government released a truly abysmal September 2015 jobs report this week (.pdf here), with only 142,000 new positions created and last month’s gains pared down, too.
The 142,000 figure was 60,000 positions below the worst analyst estimates for the month, and the August estimate of 173,000 new positions was cut to 136,000.
That’s the “good news.” Ready for the bad news?
A whopping 579,000 working age Americans left the labor force last month – sending that population to a new record high of 94.6 million while sending the nation’s labor participation rate to 62.4 percent, the lowest it’s been since October 1977.
Take a look …
Yikes.
Meanwhile, average hourly wages slipped incrementally – against an anticipated increase of 0.2 percent. In addition to workers earning less, the average hourly work week slipped from 34.6 hours to 34.5 hours last month.
Yeah. It sure looks like a bagel to us …
37 comments
I guess it depends on what you are comparing it to. Yes, by Obama job production standards this is a bad report. But compared to the last few months under Bush this is a phenomenal success.
I agree! Barack is a job creator.He just created thousands of jobs for our soldiers in Syria.
When can we have Alaska back?
I can see them from my house! Oh lord, is Bristol pregnant again?
Sarah, you shouldn’t let her hang out with oilmen pipelayers.
When your a Soilder you have a job idiot.
You obviously don’t get it.
last tuesday I got a top of the range Honda from earning $16020 this last four weeks and also ten-k last-month . this is definitely the coolest work I have ever done . Without any question it’s the most financially rewarding Ive had . I started this 4 months ago & practicaIIy straight away began to bring home over $97 p/h .Visit weblink to start immediately.
.fv…..
???? http://GoogleExtraPayingTopJobsNewEmploymentProjects/Get/Start/Today… ??????????????????????????????????????????
Actually, no. Under the Bush Administration, jobs production was pretty decent. Look at the chart. Where do you see a dip as low as it is currently? Exactly. Now kindly disappear from the face of the Earth.
That is GREAT news!!! People dropping out of the workforce, lower wages and hours being cut!
Afternoon Flip!
I can’t wait to see the news tonight, hopefully more dead cops for me to blame on Muslim Obama! LMAO!!!!!!!
Sure glad that half-breed Conservative Republican kid in Oregon took out those students. College is for suckers.
Signed: FITSNews…
Why is it this ignorant Fuck is always flabbergasted at bad economic news, after SEVEN years of nothing but miserable numbers coming out (except around election time?)…
This is the same stupid Son-of-a-Bitch that was convinced (and he’s still sure of it) Bush’s was a bad economy…
If it were not for the most ignorant, how would Democrats EVER get elected?
Hey, I’ve got a question we’re all dying to know.
Why is it that Will Folks can run a blog successful enough to support his family, and your failed blog rots in the wind while you spend every waking moment on here instead of getting a job?
Tell em to go to hell Tango.I am here more than you.Fuck my job and family.
How about a truce?
You’re right, you are here more than him, Flip. I can only imagine you’re in a cardboard box outside of McDonalds stealing their WiFi on an old flip phone or something.
Love McDonalds WiFi with my Happy Meal when I am negotiating world class trade deals in Cheraw and Monks Cornor.All I need is an airport.
Enjoy your happy meal and your childhood obesity then, Flip.
Life is good.You seem angry.I will report in from Pensacola,St.Augustine,WPB and Fort Myers in the next few weeks.
Sorry some of you are so miserable.:(
When you’re absent we all rejoice.
OUTTA DA Park…
You get pissed and start bragging about selling soft-porn made-ya’-look-ads to pervs….and how proud you are using slut-pics to feed your kids…
PS: You ever think Sanford props this crap-site up, as a way to attack the political enemies he hates for outing him???….
Check his financials next time you get a chance…
He makes a living doing what he does. I don’t care if what he says is right or wrong. At least he is productive. He has a successful site that even you can’t help but visit. All you do is sit on here day after day and bash him for doing something you tried and failed at doing. How does that feel?
Why can’t you get a job instead of sitting here all day whining about someone successful? You sound like a liberal pretending to be Republican.
You tell him. If you can get him to answer, it means…..mmmm…What does it mean…???
He still has a point. You’re ignorant Fucks, who have fiucked up the country…and you act like Dumbasses any time news comes out to prove him right, and proves you stupid and dishonest…
Still haven’t answered the question about getting a job instead of being here 24 hours a day. We can tell it is you, no one else capitalizes random words in their sentences GrandTango. You are too stupid to outsmart anyone here.
Can you please get a job?
Sounds like you are jealous.
Jealous is what you are of Will. You hate that he has a successful blog and you don’t.
If you can find a what you think is a one-trick pony, you stupid Mofos gone ride that pony til he’s dead…LMAO
He doesn’t know what he is, he’s just pissed Obama kicked his ass and still does, LMAO !
I hate cowards, posting under fake names, that liable or otherwise besmirch someones character on a blog.
Cowards are the lowest of the low.
Cowards – There are many on this blog. Lots of them use multiple names and then respond favorably to an earlier post they made a few minutes earlier.
They deserve no respect and no responses.
Welcome to the Obama economy.
Beats the hell out of the Bush economy.
I am not sure of that, Bush had about less than two bad years, after the housing collapse. Obama has been in the doldrums for seven years. The polls on the economy, his approval, and right track-wrong track reflect that he is not perceived as doing a good job.
Weird, I just got a job offer. That’s two in less than 6 months.
Must be something about what value you can bring to the table.
Good for you.
Meanwhile, back in Obamaville:
96,610,000 Americans not in the work force.
Labor Participation rate is the lowest since 1977.
We are talking Jimmie Carter era numbers.
Right track – Wrong track poll. 27.2% Right Track 62.3% Wrong track.
Obama Job approval continues to be underwater.
https://www.fitsnews.com/wp-content/uploads/2015/10/empsit-2.pdf
Table A-5. Employment status of the civilian population 18 years and over by veteran status, period of service, and sex, not seasonally adjusted
Sept. 2015 Participation Rate – World War II, Korean War, and Vietnam-era veterans
Total – 26.0%
Men – 26.2%
Women – 19.7%
What is the point?
Vietnam War vets are at least 58, many years older.
Korean War veterans are at least 74 years old.
The youngest WW II veterans are at least 82 years old.