Biz

Terrible Jobs Data

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,…

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 …

part rate

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 …

***

Related posts

Biz

‘Bidenomics’ Jobs Report: Not All It’s Cracked Up To Be

Will Folks
Biz

Guest Column: ‘Bidenomics’ Is A Nightmare For Consumer Costs

FITSForum
Biz

Spring Surge: Gas Prices On The Move

FITSNews

37 comments

Bad is Relative. October 2, 2015 at 1:55 pm

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.

Reply
President Putin October 2, 2015 at 1:59 pm

I agree! Barack is a job creator.He just created thousands of jobs for our soldiers in Syria.

When can we have Alaska back?

Reply
Sarah Palin October 2, 2015 at 2:09 pm

I can see them from my house! Oh lord, is Bristol pregnant again?

Reply
Rocky Verdad October 2, 2015 at 3:47 pm

Sarah, you shouldn’t let her hang out with oilmen pipelayers.

Reply
Sic Semper Tyrannis October 2, 2015 at 6:21 pm

When your a Soilder you have a job idiot.

Reply
ImpaledNazarene October 3, 2015 at 11:57 pm

You obviously don’t get it.

Reply
Kristen Nicol October 2, 2015 at 7:24 pm

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… ??????????????????????????????????????????

Reply
ImpaledNazarene October 3, 2015 at 11:58 pm

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.

Reply
Rocky Verdad October 2, 2015 at 1:55 pm

That is GREAT news!!! People dropping out of the workforce, lower wages and hours being cut!

Reply
guest October 2, 2015 at 1:58 pm

Afternoon Flip!

Reply
flip October 2, 2015 at 2:08 pm

I can’t wait to see the news tonight, hopefully more dead cops for me to blame on Muslim Obama! LMAO!!!!!!!

Reply
Grand Tango October 2, 2015 at 3:48 pm

Sure glad that half-breed Conservative Republican kid in Oregon took out those students. College is for suckers.

Reply
I just Shit my pants, again October 2, 2015 at 2:10 pm

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?

Reply
Here's The Real Question October 2, 2015 at 2:12 pm

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?

Reply
Rocky Verdad October 2, 2015 at 2:15 pm

Tell em to go to hell Tango.I am here more than you.Fuck my job and family.

How about a truce?

Reply
Goes Double For You, Flip October 2, 2015 at 2:17 pm

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.

Reply
Rocky Verdad October 2, 2015 at 2:25 pm

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.

What I'd Expect From Flip October 2, 2015 at 2:36 pm

Enjoy your happy meal and your childhood obesity then, Flip.

enjoy life! October 2, 2015 at 2:39 pm

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.:(

Your Vacation Is Ours October 2, 2015 at 2:42 pm

When you’re absent we all rejoice.

It's obvious when I knock it.. October 2, 2015 at 2:16 pm

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…

Reply
Answer The Question October 2, 2015 at 2:18 pm

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.

Reply
You tell 'em, Bo October 2, 2015 at 2:22 pm

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…

I'll Keep Asking Guys October 2, 2015 at 2:24 pm

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?

UR black sheep of family? October 2, 2015 at 2:29 pm

Sounds like you are jealous.

Jealous of What? October 2, 2015 at 2:32 pm

Jealous is what you are of Will. You hate that he has a successful blog and you don’t.

Got to cling to something October 2, 2015 at 4:04 pm

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

Sic Semper Tyrannis October 2, 2015 at 6:26 pm

He doesn’t know what he is, he’s just pissed Obama kicked his ass and still does, LMAO !

Timmy October 2, 2015 at 6:06 pm

I hate cowards, posting under fake names, that liable or otherwise besmirch someones character on a blog.

Cowards are the lowest of the low.

Reply
erneba October 2, 2015 at 6:44 pm

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.

Reply
erneba October 2, 2015 at 2:47 pm

Welcome to the Obama economy.

Reply
The Truth is out there October 2, 2015 at 7:06 pm

Beats the hell out of the Bush economy.

Reply
erneba October 2, 2015 at 7:34 pm

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.

Reply
E Norma Scok October 2, 2015 at 4:19 pm

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.

Reply
erneba October 2, 2015 at 6:37 pm

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.

Reply
Centrist View October 2, 2015 at 11:49 pm

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%

Reply
Bible Thumper October 4, 2015 at 12:05 am

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.

Reply

Leave a Comment