related_results_labels({"version":"1.0","encoding":"UTF-8","feed":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$openSearch":"http://a9.com/-/spec/opensearchrss/1.0/","xmlns$georss":"http://www.georss.org/georss","id":{"$t":"tag:blogger.com,1999:blog-7676161"},"updated":{"$t":"2009-12-16T01:00:20.406-05:00"},"title":{"type":"text","$t":"EF Hutton"},"subtitle":{"type":"html","$t":"...Are you Listening?"},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"http://efhutton.blogspot.com/feeds/posts/default"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/-/unemployment?alt\u003djson-in-script\u0026max-results\u003d5"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/search/label/unemployment"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"},{"rel":"next","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/-/unemployment/-/unemployment?alt\u003djson-in-script\u0026start-index\u003d6\u0026max-results\u003d5"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"24"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"5"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-3351913328977184692"},"published":{"$t":"2009-12-04T09:30:00.000-05:00"},"updated":{"$t":"2009-12-04T09:30:00.917-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"civilian"},{"scheme":"http://www.blogger.com/atom/ns#","term":"employment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"unemployment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"rate"},{"scheme":"http://www.blogger.com/atom/ns#","term":"november"}],"title":{"type":"text","$t":"EMPLOYMENT SITUATION -- NOVEMBER 2009"},"content":{"type":"html","$t":"The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. \u003cbr /\u003e\u003cbr /\u003eIn the prior 3 months, payroll job losses had averaged 135,000 a month. \u003cbr /\u003e\u003cbr /\u003eIn November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.\u003cbr /\u003e\u003cbr /\u003eThe change in total nonfarm payroll employment for September was revised from -219,000 to -139,000, and the change for October was revised from -190,000 to -111,000.\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://feedburner.google.com/fb/a/mailverify?uri\u003dAllAmericanInvestor\u0026amp;loc\u003den_US\"\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003e\u003cb\u003eSubscribe to All American Investor via Email\u003c/b\u003e\u003c/span\u003e\u003c/a\u003e\u003c/blockquote\u003e\u003cspan id\u003d\"fullpost\"\u003e     \u003cbr /\u003e\u003cb\u003eHousehold Survey Data\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eIn November, both the number of unemployed persons, at 15.4 million, and the unemployment rate, at 10.0 percent, edged down. At the start of the recession in December 2007, the number of unemployed persons was 7.5 million, and the jobless rate was 4.9 percent. (See table A-1.)\u003cbr /\u003e\u003cbr /\u003eAmong the major worker groups, unemployment rates for adult men (10.5 per-cent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 per-cent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)\u003cbr /\u003e\u003cbr /\u003eAmong the unemployed, the number of job losers and persons who completed temporary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.)\u003cbr /\u003e\u003cbr /\u003eThe civilian labor force participation rate was little changed in November at 65.0 percent. The employment-population ratio was unchanged at 58.5 percent.(See table A-1.)\u003cbr /\u003e\u003cbr /\u003eThe number of people working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in November at 9.2 million. 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-5.)\u003cbr /\u003e\u003cbr /\u003eAbout 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 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-13.)\u003cbr /\u003e\u003cbr /\u003eAmong the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 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 1.5 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eEstablishment Survey Data\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eTotal nonfarm payroll employment was essentially unchanged in November (-11,000). Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care. Since the recession began, payroll employment has decreased by 7.2 million. (See table B-1.)\u003cbr /\u003e\u003cbr /\u003eConstruction employment declined by 27,000 over the month. Job losses had averaged 117,000 per month during the 6 months ending in April and 63,000 per month from May through October. In November, construction job losses were concentrated among nonresidential specialty trade\u003cbr /\u003econtractors (-29,000).\u003cbr /\u003e\u003cbr /\u003eManufacturing employment fell by 41,000 in November. The average monthly decline for the past 5 months (-46,000) was much lower than the average monthly job loss for the first half of this year (-171,000). About 2.1 million manufacturing jobs have been lost since December 2007; the majority of this decline has occurred in durable goods manufacturing (-1.6 million).\u003cbr /\u003e\u003cbr /\u003eEmployment in the information industry fell by 17,000 in November. About half of the job loss occurred in its telecommunications component (-9,000).\u003cbr /\u003e\u003cbr /\u003eThere was little change in wholesale and retail trade employment in November. Within retail trade, department stores added 8,000 jobs over the month.\u003cbr /\u003e\u003cbr /\u003eThe number of jobs in transportation and warehousing, financial activities, and leisure and hospitality showed little change over the month.\u003cbr /\u003e\u003cbr /\u003eEmployment in professional and business services rose by 86,000 in November. Temporary help services accounted for the majority of the increase, adding 52,000 jobs. Since July, temporary help services employment has risen by 117,000.\u003cbr /\u003e\u003cbr /\u003eHealth care employment continued to rise in November (21,000), with not able gains in home health care services (7,000) and hospitals (7,000). The health care industry has added 613,000 jobs since the recession began in December 2007.\u003cbr /\u003e\u003cbr /\u003eIn November, the average workweek for production and nonsupervisory workers on private nonfarm payrolls rose by 0.2 hour to 33.2 hours. The manufacturing workweek increased by 0.3 hour to 40.4 hours. Factory overtime rose by 0.1 hour to 3.4 hours. Since May, the manufacturing workweek has increased by 1.0 hour. (See table B-2.)\u003cbr /\u003e\u003cbr /\u003eIn November, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls edged up by 1 cent, or 0.1 percent, to $18.74. Over the past 12 months, average hourly earnings have risen by 2.2 percent, while average weekly earnings have risen by 1.6 percent. (See table B-3.)\u003cbr /\u003e\u003cbr /\u003eThe change in total nonfarm payroll employment for September was revised from -219,000 to -139,000, and the change for October was revised from -190,000 to -111,000.\u003cbr /\u003e\u003cbr /\u003e_____________\u003cbr /\u003eThe Employment Situation for December is scheduled to be released on Friday, January 8, 2010, at 8:30 a.m. (EST).\u003cbr /\u003e\u003cbr /\u003e\u003ctable width\u003d\"98%\" bgcolor\u003d\"#FFFFF0\" cellspacing\u003d\"0\" cellpadding\u003d\"0\" border\u003d\"0\"\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003ca href\u003d\"http://www.flickr.com/photos/7283119@N08/3193476301/\" title\u003d\"Profile Shot by BobbyDelray, on Flickr\"\u003e\u003cimg style\u003d\"float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;width: 75px; height: 75px;\" src\u003d\"http://farm4.static.flickr.com/3385/3193476301_1325afb2c7_s.jpg\" border\u003d\"0\" alt\u003d\"\" /\u003e\u003c/a\u003e\u003cspan class\u003d\"Apple-style-span\" style\u003d\"font-size: small;\"\u003e\u003cb\u003e\u003ca href\u003d\"http://allamericaninvestor.blogspot.com\"\u003eBob DeMarco\u003c/a\u003e\u003c/b\u003e is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 950 articles with more than 8,000 links to his work on the Internet. Content from \u003ca href\u003d\"http://allamericaninvestor.blogspot.com\"\u003eAll American Investor\u003c/a\u003e has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites.  Bob is actively seeking syndication and writing assignments.\u003c/span\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cbr /\u003e\u003ccenter\u003e\u003ciframe border\u003d\"0\" frameborder\u003d\"0\" marginwidth\u003d\"0\" height\u003d\"250\" src\u003d\"http://rcm.amazon.com/e/cm?t\u003dalzreadingroom-20\u0026o\u003d1\u0026p\u003d12\u0026l\u003dur1\u0026category\u003dkindle\u0026banner\u003d1NWGFNXN2K4JE82JTBR2\u0026f\u003difr\" style\u003d\"border:none;\" scrolling\u003d\"no\" width\u003d\"300\"\u003e\u003c/iframe\u003e\u003c/center\u003e\u003cbr /\u003e\u003cbr /\u003e\u003ca href\u003d\"http://twitter.com/efhuttonblog\"\u003e\u003cb\u003eFollow E F Hutton on Twitter\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\u003cbr /\u003eOriginal content Bob DeMarco, \u003ca href\u003d\"http://allamericaninvestor.blogspot.com/2009/12/employment-situation-november-2009.html\"\u003eAll American Investor\u003c/a\u003e\u003c/span\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-3351913328977184692?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3351913328977184692"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3351913328977184692"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/12/employment-situation-november-2009.html","title":"EMPLOYMENT SITUATION -- NOVEMBER 2009"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-3142212097686908706"},"published":{"$t":"2009-11-06T13:56:00.002-05:00"},"updated":{"$t":"2009-11-06T13:56:33.986-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"unemployment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"real"},{"scheme":"http://www.blogger.com/atom/ns#","term":"BLS"}],"title":{"type":"text","$t":"Real Unemployment Leaps to 17.5 Percent (Explanation)"},"content":{"type":"html","$t":"The U-6 (\u003ca href\u003d\"http://www.bls.gov/news.release/empsit.t12.htm\"\u003eTable A-12\u003c/a\u003e: Alternative measures of labor under utilization) measures the real rate of unemployment in the United States.\u003cbr /\u003e\u003cbr /\u003eMost news organizations report the more popular U.S. Department of Labor: Civilian Unemployment Rate. If you read the report today you learned that unemployment is 10.2 percent for September.\u003cbr /\u003e\u003cb\u003e\u003cblockquote\u003eIf you read Table 12 in the Bureau of Labor Statistics report you learned the real unemployment rate is 17.5 percent, not 10.2 percent.\u003c/b\u003e\u003c/blockquote\u003eYou would also have noticed the \u003cb\u003ereal rate of unemployment is 17.5 percent versus 11.1 percent in September 2008.\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eReal Unemployment U-6 -- 17.5%\u003cbr /\u003e\u003cbr /\u003eThere are other groups of unemployed that are not counted in the more popular employment report. The Bureau of Labor Statistics U-6 report includes the unemployed, and those that have thrown in the towel.\u003cbr /\u003e\u003cbr /\u003eThe U-6 report includes:\u003cbr /\u003e\u003cbr /\u003e\u003cul\u003e\u003cli\u003eTotal unemployed\u003c/li\u003e\u003cli\u003eplus all marginally attached workers\u003c/li\u003e\u003cli\u003eplus total employed part time for economic reasons\u003c/li\u003e\u003c/ul\u003eIn other words, \u003cbr /\u003e\u003cul\u003e\u003cli\u003emarginally attached workers are persons who currently are neither working nor looking for work, but indicate that \u003cb\u003ethey want and are available for a job, and have looked for work sometime in the recent past\u003c/b\u003e.\u003c/li\u003e\u003cli\u003e\u003cb\u003eDiscouraged workers\u003c/b\u003e, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job.\u003c/li\u003e\u003c/ul\u003eThe U-6 report counts everyone that is unemployed--officially and unofficially.\u003cbr /\u003eHere are some other statistics that you might find disconcerting.\u003cbr /\u003e\u003cbr /\u003e\u003cul\u003e\u003cli\u003eAbout \u003cb\u003e2.4 million persons were marginally attached\u003c/b\u003e to the labor force in October, \u003cbr /\u003ereflecting an increase of 736,000 from a year earlier. (The data are not sea-\u003cbr /\u003esonally adjusted.) These individuals were not in the labor force, wanted and \u003cbr /\u003ewere available for work, and had looked for a job sometime in the prior 12 months. \u003cbr /\u003eThey were not counted as unemployed because they had not searched for work in \u003cbr /\u003ethe 4 weeks preceding the survey.\u003c/li\u003e\u003cli\u003eAmong the marginally attached, \u003cb\u003ethere were 808,000 discouraged workers in October, \u003cbr /\u003eup from 484,000 a year earlier.\u003c/b\u003e (The data are not seasonally adjusted.) Dis-\u003cbr /\u003ecouraged workers are persons not currently looking for work because they believe \u003cbr /\u003eno jobs are available for them. The other 1.6 million persons marginally attached \u003cbr /\u003eto the labor force in October had not searched for work in the 4 weeks preceding \u003cbr /\u003ethe survey for reasons such as school attendance or family responsibilities.\u003cbr /\u003e\u003c/li\u003e\u003cli\u003eThe average workweek for production and nonsupervisory workers on private nonfarm \u003cbr /\u003epayrolls was unchanged at 33.0 hours in October. The \u003cb\u003emanufacturing workweek \u003c/b\u003erose \u003cbr /\u003eby 0.1 hour to 40.0 hours, and factory overtime increased by 0.2 hour over the \u003cbr /\u003emonth.\u003c/li\u003e\u003cli\u003e\u003cb\u003eThe number of long-term unemployed (those jobless for 27 weeks and over) was \u003cbr /\u003elittle changed over the month at 5.6 million. In October, 35.6 percent of \u003cbr /\u003eunemployed persons were jobless for 27 weeks or more.\u003c/b\u003e\u003c/li\u003e\u003cli\u003eThe civilian labor force participation rate was little changed over the month \u003cbr /\u003eat 65.1 percent. The employment-population ratio continued to decline in \u003cbr /\u003eOctober, falling to 58.5 percent.\u003c/li\u003e\u003c/ul\u003eTo view this report and the numbers \u003ca href\u003d\"http://www.bls.gov/news.release/empsit.t12.htm\"\u003e\u003cb\u003ego here\u003c/b\u003e\u003c/a\u003e. \u003cbr /\u003e\u003cbr /\u003eAll of the statistics in this article were sourced from the Department of Labor--\u003ca href\u003d\"http://www.bls.gov/\"\u003eBureau of Labor Statistics. \u003c/a\u003e\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://feedburner.google.com/fb/a/mailverify?uri\u003dAllAmericanInvestor\u0026amp;loc\u003den_US\"\u003e\u003cspan style\u003d\"font-size: large;\"\u003e\u003cb\u003eSubscribe to All American Investor via Email\u003c/b\u003e\u003c/span\u003e\u003c/a\u003e\u003cbr /\u003e\u003c/blockquote\u003e\u003cdiv\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003drtdblog-20\u0026amp;linkCode\u003das2\u0026amp;camp\u003d1789\u0026amp;creative\u003d9325\u0026amp;creativeASIN\u003dB00154JDAI\"\u003e\u003cimg border\u003d\"0\" src\u003d\"https://images-na.ssl-images-amazon.com/images/I/41bYgwfum2L._SL160_.jpg\" /\u003e\u003c/a\u003e\u003c/center\u003e\u003cbr /\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003dallamericaninvestor-20\u0026amp;linkCode\u003das2\u0026amp;camp\u003d1789\u0026amp;creative\u003d9325\u0026amp;creativeASIN\u003dB00154JDAI\"\u003eKindle 2: Amazon's New Wireless Reading Device\u003c/a\u003e\u003cimg alt\u003d\"\" border\u003d\"0\" height\u003d\"1\" src\u003d\"http://www.assoc-amazon.com/e/ir?t\u003dallamericaninvestor-20\u0026amp;l\u003das2\u0026amp;o\u003d1\u0026amp;a\u003dB00154JDAI\" style\u003d\"border: none !important; margin: 0px !important;\" width\u003d\"1\" /\u003e\u003c/center\u003e\u003cbr /\u003e\u003c/div\u003e\u003cbr /\u003eOriginal content by Bob DeMarco, \u003ca href\u003d\"http://allamericaninvestor.blogspot.com\"\u003eAll American Investor\u003c/a\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-3142212097686908706?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3142212097686908706"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3142212097686908706"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/11/real-unemployment-leaps-to-175-percent.html","title":"Real Unemployment Leaps to 17.5 Percent (Explanation)"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-65702035453509085"},"published":{"$t":"2009-11-06T09:26:00.004-05:00"},"updated":{"$t":"2009-11-06T09:32:18.723-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"unemployment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"october"},{"scheme":"http://www.blogger.com/atom/ns#","term":"BLS"}],"title":{"type":"text","$t":"Unemployment Soars to  10.2 Percent (Details)"},"content":{"type":"html","$t":"\u003cblockquote\u003e\u003cb\u003eIn October, the unemployment rate rose to 10.2 percent, the highest rate since April 1983, and nonfarm payroll employment declined by 190,000. \u003cbr /\u003e\u003cbr /\u003eSince the start of the recession, payroll employment has fallen by 7.3 million.\u003c/b\u003e\u003c/blockquote\u003e\u003cbr /\u003eJob losses have averaged 188,000 over the past 3 months.\u003cbr /\u003e\u003cbr /\u003eThe employment-population ratio continued to decline in October, falling to 58.5 percent. \u003cbr /\u003e\u003cbr /\u003eSince December 2007, payroll employment has fallen by 7.3 million.\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://feedburner.google.com/fb/a/mailverify?uri\u003dEfHutton\u0026amp;loc\u003den_US\"\u003e\u003cspan class\u003d\"Apple-style-span\"  style\u003d\"font-size:large;\"\u003eSubscribe to EF Hutton via Email\u003c/span\u003e\u003c/a\u003e\u003c/blockquote\u003e\u003cspan id\u003d\"fullpost\"\u003e          \u003cbr /\u003e\u003cb\u003eHousehold Survey Data\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eIn October, the number of unemployed persons increased by 558,000 to 15.7 million. The\u003cbr /\u003eunemployment rate rose by 0.4 percentage point to 10.2 percent, the highest rate since April 1983.\u003cbr /\u003e\u003cbr /\u003eSince the start of the recession in December 2007, the number of unemployed persons has risen by 8.2 million, and the unemployment rate has grown by 5.3 percentage points. (See table A-1.)\u003cbr /\u003eAmong the major worker groups, the unemployment rates for adult men (10.7 percent) and whites\u003cbr /\u003e(9.5 percent) rose in October. The jobless rates for adult women (8.1 percent), teenagers (27.6 percent), blacks (15.7 percent), and Hispanics (13.1 percent) were little changed over the month. The unemployment rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)\u003cbr /\u003e\u003cbr /\u003eThe number of long-term unemployed (those jobless for 27 weeks and over) was little changed over\u003cbr /\u003ethe month at 5.6 million. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more. (See table A-9.)\u003cbr /\u003e\u003cbr /\u003eThe civilian labor force participation rate was little changed over the month at 65.1 percent. \u003cbr /\u003e\u003cbr /\u003eThe employment-population ratio continued to decline in October, falling to 58.5 percent. (See table A-1.)\u003cbr /\u003e\u003cbr /\u003eThe number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in October at 9.3 million. These individuals were working parttime because their hours had been cut back or because they were unable to find a full-time job. (See table A-5.)\u003cbr /\u003e\u003cbr /\u003eAbout 2.4 million persons were marginally attached to the labor force in October, reflecting an\u003cbr /\u003eincrease of 736,000 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-13.)\u003cbr /\u003e\u003cbr /\u003eAmong the marginally attached, there were 808,000 discouraged workers in October, up from 484,000 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 other 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eEstablishment Survey Data\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eTotal nonfarm payroll employment declined by 190,000 in October. In the most recent 3 months, job losses have averaged 188,000 per month, compared with losses averaging 357,000 during the prior 3 months. In contrast, losses averaged 645,000 per month from November 2008 to April 2009. \u003cbr /\u003e\u003cbr /\u003eSince December 2007, payroll employment has fallen by 7.3 million. (See table B-1.)\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eConstruction employment\u003c/b\u003e decreased by 62,000 in October. Monthly job losses have averaged 67,000 during the most recent 6 months, compared with an average decline of 117,000 during the prior 6 months. October job losses were concentrated in nonresidential specialty trade contractors (-30,000) and in heavy construction (-14,000). Since December 2007, employment in construction has fallen by 1.6 million.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eManufacturing\u003c/b\u003e continued to shed jobs (-61,000) in October, with losses in both durable and nondurable goods production. Over the past 4 months, job losses in manufacturing have averaged 51,000 per month, compared with an average monthly loss of 161,000 from October 2008 through June 2009.\u003cbr /\u003e\u003cbr /\u003eManufacturing employment has fallen by 2.1 million since December 2007.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eRetail trade\u003c/b\u003e lost 40,000 jobs in October. Employment declines were concentrated in sporting goods, hobby, book, and music stores (-16,000) and in department stores (-11,000). Employment in transportation and warehousing decreased by 18,000 in October.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eHealth care\u003c/b\u003e employment continued to increase in October (29,000). Since the start of the recession, health care has added 597,000 jobs.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003eTemporary help services\u003c/b\u003e has added 44,000 jobs since July, including 34,000 in October. \u003cbr /\u003e\u003cbr /\u003eFrom January 2008 through July 2009, temporary help services had lost an average of 44,000 jobs per month.\u003cbr /\u003e\u003cbr /\u003eThe average workweek for production and nonsupervisory workers on private nonfarm payrolls was\u003cbr /\u003eunchanged at 33.0 hours in October. The manufacturing workweek rose by 0.1 hour to 40.0 hours, and factory overtime increased by 0.2 hour over the month. (See table B-2.)\u003cbr /\u003e\u003cbr /\u003eIn October, average hourly earnings of production and nonsupervisory workers on private nonfarm\u003cbr /\u003epayrolls rose by 5 cents, or 0.3 percent, to $18.72. Over the past 12 months, average hourly earnings have risen by 2.4 percent, while average weekly earnings have risen by only 0.9 percent due to declines in the average workweek. (See table B-3.)\u003cbr /\u003e\u003cbr /\u003eThe change in total nonfarm payroll employment for August was rerevised from -201,000 to -154,000, and the change for September was revised from -263,000 to -219,000.\u003cbr /\u003e\u003cbr /\u003e\u003cb\u003e\u003ca href\u003d\"http://www.bls.gov/news.release/pdf/empsit.pdf\"\u003eTHE EMPLOYMENT SITUATION \u003c/a\u003e\u003c/b\u003e– OCTOBER 2009, PDF, 29 pages.\u003cbr /\u003e\u003cbr /\u003e\u003ca href\u003d\"http://twitter.com/efhuttonblog\"\u003e\u003cb\u003eFollow E F Hutton on Twitter\u003c/b\u003e\u003c/a\u003e\u003cbr /\u003e\u003cbr /\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003defhutton-20\"\u003e \u003cspan style\u003d\"font-size:130%;\"\u003eKindle: Amazon's 6\" \u003c/span\u003e\u003c/a\u003e\u003cspan style\u003d\"font-size:130%;\"\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003defhutton-20\"\u003e\u003cimg src\u003d\"https://images-na.ssl-images-amazon.com/images/I/51Wfzh%2BZq%2BL._SL110_.jpg\" border\u003d\"0\" /\u003e\u003c/a\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003defhutton-20\"\u003eWireless Reading Device \u003c/a\u003e\u003c/span\u003e\u003c/center\u003e\u003c/span\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-65702035453509085?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/65702035453509085"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/65702035453509085"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/11/unemployment-soars-to-102-percent.html","title":"Unemployment Soars to  10.2 Percent (Details)"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-3145278432407737505"},"published":{"$t":"2009-10-02T09:23:00.000-04:00"},"updated":{"$t":"2009-10-02T09:23:47.592-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"statistics"},{"scheme":"http://www.blogger.com/atom/ns#","term":"unemployment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"real"}],"title":{"type":"text","$t":"Real Unemployment Jumps to 17.0 Percent in September (Details, Breakdown))"},"content":{"type":"html","$t":"Few people are familiar with the U-6 report that is issued by the United States Department of Labor-- Bureau of Labor Statistics.  The U-6 (\u003ca href\u003d\"http://www.bls.gov/news.release/empsit.t12.htm\"\u003eTable A-12\u003c/a\u003e: Alternative measures of labor under utilization) measures the real rate of unemployment in the United States.\u003cbr /\u003e\u003cbr /\u003eMost news organizations report the more popular U.S. Department of Labor: Civilian Unemployment Rate. If you read the report today you learned that unemployment is 9.8 percent for September.\u003cbr /\u003e\u003cb\u003e\u003cblockquote\u003eIf you read Table 12 in the Bureau of Labor Statistics report you learned the real unemployment rate is 17.0 percent, not 9.8 percent.\u003c/b\u003e\u003c/blockquote\u003eYou would also have noticed the \u003cb\u003ereal rate of unemployment is 17.0 percent versus 10.6 percent in September 2008.\u003c/b\u003e\u003cbr /\u003e\u003cbr /\u003eTo view this report and the numbers \u003ca href\u003d\"http://www.bls.gov/news.release/empsit.t12.htm\"\u003ego here\u003c/a\u003e.\u003cbr /\u003e\u003cbr /\u003eReal Unemployment U-6 -- 17.0%\u003cbr /\u003e\u003cbr /\u003eThere are other groups of unemployed that are not counted in the more popular employment report. The Bureau of Labor Statistics U-6 report includes the unemployed, and those that have thrown in the towel.\u003cbr /\u003e\u003cbr /\u003eThe U-6 report includes:\u003cbr /\u003e\u003cbr /\u003e\u003cul\u003e\u003cli\u003eTotal unemployed\u003c/li\u003e\u003cli\u003eplus all marginally attached workers\u003c/li\u003e\u003cli\u003eplus total employed part time for economic reasons\u003c/li\u003e\u003c/ul\u003eIn other words, \u003cbr /\u003e\u003cul\u003e\u003cli\u003emarginally attached workers are persons who currently are neither working nor looking for work, but indicate that \u003cb\u003ethey want and are available for a job, and have looked for work sometime in the recent past\u003c/b\u003e.\u003c/li\u003e\u003cli\u003e\u003cb\u003eDiscouraged workers\u003c/b\u003e, a subset of the marginally attached, have given a job-market related reason for not looking currently for a job.\u003c/li\u003e\u003c/ul\u003eThe U-6 report counts everyone that is unemployed--officially and unofficially.\u003cbr /\u003eHere are some other statistics that you might find disconcerting.\u003cbr /\u003e\u003cbr /\u003e\u003cul\u003e\u003cli\u003eAbout 2.2 million persons (not seasonally adjusted) were marginally attached to the labor force in September. 615,000 more than a year earlier. These individuals wanted and were available for work, and had looked for a job sometime in the past 12 months. \u003cb\u003eThey were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.\u003c/b\u003e\u003c/li\u003e\u003cli\u003eAmong the marginally attached, there were \u003cb\u003e706,000 discouraged workers in September\u003c/b\u003e, up by 239,000 from a year earlier.\u003cbr /\u003e\u003c/li\u003e\u003cli\u003eIn September, the average workweek for production and nonsupervisory workers on private nonfarm payrolls fell by 0.1 hour to 33.0 hours--\u003cb\u003ethe lowest level on record for the series, which began in 1964.\u003c/b\u003e\u003c/li\u003e\u003cli\u003e\u003cb\u003eThe number of long-term unemployed (those jobless for 27 weeks or more) increased by 450,000 to 5.4 million.\u003c/b\u003e\u003c/li\u003e\u003cli\u003eIn September, \u003cb\u003e35.6 Percent of unemployed persons were jobless for 27 weeks or more\u003c/b\u003e. \u003c/li\u003e\u003c/ul\u003e\u003cbr /\u003eThis morning the stock market reacted negatively to the unemployment report. If you are wondering why--all you need to do is look beyond the obvious.\u003cbr /\u003e\u003cbr /\u003eThis is what this website is all about.\u003cbr /\u003e\u003cbr /\u003eThese numbers do not bode well for stocks and indicate at best, we are looking at slow growth in the months ahead.\u003cbr /\u003e\u003cbr /\u003eAll of the statistics in this article were sourced from the Department of Labor--\u003ca href\u003d\"http://www.bls.gov/\"\u003eBureau of Labor Statistics. \u003c/a\u003e\u003cbr /\u003e\u003cblockquote style\u003d\"text-align: center;\"\u003e\u003ca href\u003d\"http://feedburner.google.com/fb/a/mailverify?uri\u003dAllAmericanInvestor\u0026amp;loc\u003den_US\"\u003e\u003cspan style\u003d\"font-size: large;\"\u003e\u003cb\u003eSubscribe to All American Investor via Email\u003c/b\u003e\u003c/span\u003e\u003c/a\u003e\u003cbr /\u003e\u003c/blockquote\u003e\u003cdiv\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003drtdblog-20\u0026amp;linkCode\u003das2\u0026amp;camp\u003d1789\u0026amp;creative\u003d9325\u0026amp;creativeASIN\u003dB00154JDAI\"\u003e\u003cimg border\u003d\"0\" src\u003d\"https://images-na.ssl-images-amazon.com/images/I/41bYgwfum2L._SL160_.jpg\" /\u003e\u003c/a\u003e\u003c/center\u003e\u003cbr /\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003dallamericaninvestor-20\u0026amp;linkCode\u003das2\u0026amp;camp\u003d1789\u0026amp;creative\u003d9325\u0026amp;creativeASIN\u003dB00154JDAI\"\u003eKindle 2: Amazon's New Wireless Reading Device\u003c/a\u003e\u003cimg alt\u003d\"\" border\u003d\"0\" height\u003d\"1\" src\u003d\"http://www.assoc-amazon.com/e/ir?t\u003dallamericaninvestor-20\u0026amp;l\u003das2\u0026amp;o\u003d1\u0026amp;a\u003dB00154JDAI\" style\u003d\"border: none !important; margin: 0px !important;\" width\u003d\"1\" /\u003e\u003c/center\u003e\u003cbr /\u003e\u003c/div\u003e\u003cbr /\u003eOriginal content by Bob DeMarco, \u003ca href\u003d\"http://allamericaninvestor.blogspot.com\"\u003eAll American Investor\u003c/a\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-3145278432407737505?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3145278432407737505"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/3145278432407737505"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/10/real-unemployment-jumps-to-170-percent.html","title":"Real Unemployment Jumps to 17.0 Percent in September (Details, Breakdown))"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}]},{"id":{"$t":"tag:blogger.com,1999:blog-7676161.post-6859817608667704168"},"published":{"$t":"2009-09-05T09:39:00.001-04:00"},"updated":{"$t":"2009-09-05T09:39:00.141-04:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"unemployment"},{"scheme":"http://www.blogger.com/atom/ns#","term":"graph"},{"scheme":"http://www.blogger.com/atom/ns#","term":"trend"},{"scheme":"http://www.blogger.com/atom/ns#","term":"chart"}],"title":{"type":"text","$t":"Unemployment Trend Remains UP (Graph)"},"content":{"type":"html","$t":"Savvy investors understand that the market usually bottoms and turns up long before unemployment peaks. In other words, the market discounts the bad news in advance. So it is easy to understand how the market can rally in spite of the negative unemployment report.\u003cbr /\u003e\u003cbr /\u003eThere has not been much discussion about the number of people that are falling off the unemployment insurance payrolls each month. Another 1.5-2 million people will stop getting checks by the end of the year. Unless, of course, these benefits are extended. Additionally, the civilian labor force is dropping or the numbers would be much worse.\u003cbr /\u003e\u003cbr /\u003eWe will discuss the growing number of people that have been unemployed 27 weeks or longer, and the real unemployment rate shortly. \u003cbr /\u003e\u003cbr /\u003eThe uptrend in unemployment is still strong as evidence by this chart.\u003cbr /\u003e\u003cbr /\u003e\u003cdiv\u003e\u003ca href\u003d\"http://allamericaninvestor.blogspot.com/\"\u003e\u003cimg border\u003d\"0\" height\u003d\"252\" src\u003d\"http://research.stlouisfed.org/fred2/graph/fredgraph.png?\u0026amp;chart_type\u003dline\u0026amp;graph_id\u003d0\u0026amp;category_id\u003d\u0026amp;recession_bars\u003dOn\u0026amp;width\u003d525\u0026amp;height\u003d315\u0026amp;bgcolor\u003d%23FFFFCC\u0026amp;graph_bgcolor\u003d%23FFFFFF\u0026amp;txtcolor\u003d%23000000\u0026amp;preserve_ratio\u003dtrue\u0026amp;id\u003dUNRATE,\u0026amp;transformation\u003dlin,\u0026amp;scale\u003dLeft,\u0026amp;range\u003d5yrs,\u0026amp;cosd\u003d2004-08-01,\u0026amp;coed\u003d2009-08-01,\u0026amp;line_color\u003d%23000000,\u0026amp;link_values\u003d,\u0026amp;mark_type\u003dNONE,\u0026amp;line_style\u003dSolid,\u0026amp;vintage_date\u003d2009-09-04,\u0026amp;revision_date\u003d2009-09-04,\u0026amp;mma\u003d,\u0026amp;nd\u003d,\u0026amp;ost\u003d,\u0026amp;oet\u003d,\" width\u003d\"420\" /\u003e\u003c/a\u003e\u003c/div\u003e\u003cblockquote\u003e\u003ca href\u003d\"http://feedburner.google.com/fb/a/mailverify?uri\u003dAllAmericanInvestor\u0026amp;loc\u003den_US\"\u003e\u003cspan style\u003d\"font-size: large;\"\u003e\u003cb\u003eSubscribe to All American Investor via Email\u003c/b\u003e\u003c/span\u003e\u003c/a\u003e\u003c/blockquote\u003e\u003ctable bgcolor\u003d\"#FFFFF0\" border\u003d\"0\" cellpadding\u003d\"0\" cellspacing\u003d\"0\"\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd\u003e\u003ca href\u003d\"http://www.flickr.com/photos/7283119@N08/3193476301/\" title\u003d\"Profile Shot by BobbyDelray, on Flickr\"\u003e\u003cimg alt\u003d\"\" border\u003d\"0\" src\u003d\"http://farm4.static.flickr.com/3385/3193476301_1325afb2c7_s.jpg\" style\u003d\"cursor: hand; cursor: pointer; float: left; height: 75px; margin: 0 10px 10px 0; width: 75px;\" /\u003e\u003c/a\u003e\u003cspan style\u003d\"font-size: small;\"\u003e\u003cb\u003e\u003ca href\u003d\"http://allamericaninvestor.blogspot.com/\"\u003eBob DeMarco\u003c/a\u003e\u003c/b\u003e is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from \u003ca href\u003d\"http://allamericaninvestor.blogspot.com/\"\u003eAll American Investor\u003c/a\u003e has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites.  Bob is actively seeking syndication and writing assignments.\u003c/span\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cbr /\u003e\u003ccenter\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003dallamericaninvestor-20\"\u003e \u003cspan style\u003d\"font-size: 130%;\"\u003eKindle: Amazon's 6\" \u003c/span\u003e\u003c/a\u003e\u003cspan style\u003d\"font-size: 130%;\"\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003dallamericaninvestor-20\"\u003e\u003cimg border\u003d\"0\" src\u003d\"https://images-na.ssl-images-amazon.com/images/I/51Wfzh%2BZq%2BL._SL110_.jpg\" /\u003e\u003c/a\u003e\u003ca href\u003d\"http://www.amazon.com/gp/product/B00154JDAI?ie\u003dUTF8\u0026amp;tag\u003dallamericaninvestor-20\"\u003eWireless Reading Device \u003c/a\u003e\u003c/span\u003e\u003c/center\u003e\u003cbr /\u003e\u003cbr /\u003eOriginal content Bob DeMarco, \u003ca href\u003d\"http://allamericaninvestor.blogspot.com\"\u003eAll American Investor\u003c/a\u003e\u003cdiv class\u003d\"blogger-post-footer\"\u003e\u003cimg width\u003d'1' height\u003d'1' src\u003d'https://blogger.googleusercontent.com/tracker/7676161-6859817608667704168?l\u003defhutton.blogspot.com' alt\u003d'' /\u003e\u003c/div\u003e"},"link":[{"rel":"edit","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/6859817608667704168"},{"rel":"self","type":"application/atom+xml","href":"http://www.blogger.com/feeds/7676161/posts/default/6859817608667704168"},{"rel":"alternate","type":"text/html","href":"http://efhutton.blogspot.com/2009/09/unemployment-trend-remains-up-graph.html","title":"Unemployment Trend Remains UP (Graph)"}],"author":[{"name":{"$t":"Bob DeMarco"},"uri":{"$t":"http://www.blogger.com/profile/14861703129474871916"},"email":{"$t":"rtdemarco@gmail.com"},"gd$extendedProperty":{"xmlns$gd":"http://schemas.google.com/g/2005","name":"OpenSocialUserId","value":"02937219926706406775"}}]}]}});