U.S. Economy Still Stagnating with No Change in Unemployment U-3 Rate of 7.8% With Only 155,000 New Jobs Created in December 2012–12.2 Million Unemployed–Videos

Posted on January 4, 2013. Filed under: Babies, Blogroll, Business, Communications, Demographics, Economics, Employment, Federal Government, Federal Government Budget, Fiscal Policy, government spending, Law, liberty, Life, Links, media, People, Philosophy, Politics, Rants, Raves, Unemployment, Video, War, Wealth, Weather, Wisdom | Tags: , , |

sgs-emp

Wall Street wavers after jobs report

Boring Jobs Data Has Hidden Positives, Fueling Optimism

US unemployment rate holds steady in December at 7.8%

U.S. Morning Call: Investors looking for upbeat jobs report

Employment Level

143,305,000

Series Id:           LNS12000000
Seasonally Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over

employment level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125
2005 140245(1) 140385 140654 141254 141609 141714 142026 142434 142401 142548 142499 142752
2006 143150(1) 143457 143741 143761 144089 144353 144202 144625 144815 145314 145534 145970
2007 146028(1) 146057 146320 145586 145903 146063 145905 145682 146244 145946 146595 146273
2008 146378(1) 146156 146086 146132 145908 145737 145532 145203 145076 144802 144100 143369
2009 142153(1) 141644 140721 140652 140250 140005 139898 139481 138810 138421 138665 138025
2010 138439(1) 138624 138767 139296 139255 139148 139167 139405 139388 139097 139046 139295
2011 139253(1) 139471 139643 139606 139681 139405 139509 139870 140164 140314 140771 140896
2012 141608(1) 142019 142020 141934 142302 142448 142250 142164 142974 143328 143277 143305
1 : Data affected by changes in population controls.

Civilian Labor Force

155,511,000

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

civilian_labor_force

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154232(1) 154526 154142 154479 154742 154710 154505 154300 153815 153804 153887 153120
2010 153455(1) 153702 153960 154577 154110 153623 153709 154078 153966 153681 154140 153649
2011 153244(1) 153269 153358 153478 153552 153369 153325 153707 154074 154010 154096 153945
2012 154356(1) 154825 154707 154451 154998 155149 154995 154647 155056 155576 155319 155511
1 : Data affected by changes in population controls.

Labor Participation Rate

63.6%

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

civilian_labor_participation_rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.1 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.2 64.2 64.2 64.2 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.9 63.8 63.6 63.8 63.8 63.7 63.5 63.6 63.8 63.6 63.6

Unemployment Level

12,206,000

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

unemployment_level

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12079 12881 13421 13826 14492 14705 14607 14819 15005 15382 15223 15095
2010 15016 15078 15192 15281 14856 14475 14542 14673 14577 14584 15094 14354
2011 13992 13798 13716 13872 13871 13964 13817 13837 13910 13696 13325 13049
2012 12748 12806 12686 12518 12695 12701 12745 12483 12082 12248 12042 12206

Unemployment Rate U-3

7.8%

Series Id:           LNS14000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent or rate
Age:                 16 years and over

unemployment_rate

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.3
2011 9.1 9.0 8.9 9.0 9.0 9.1 9.0 9.0 9.0 8.9 8.6 8.5
2012 8.3 8.3 8.2 8.1 8.2 8.2 8.2 8.1 7.8 7.9 7.8 7.8

Unemployment Rate U-6

14.4%

Series Id:           LNS13327709
Seasonally Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent or rate
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached

unemployment_rate_U_6

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2
2005 9.3 9.3 9.1 8.9 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.6
2006 8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9
2007 8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8
2008 9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6
2009 14.2 15.1 15.7 15.9 16.4 16.5 16.5 16.7 16.7 17.1 17.1 17.1
2010 16.7 17.0 17.0 17.1 16.6 16.5 16.5 16.5 16.8 16.7 16.9 16.6
2011 16.2 16.0 15.8 16.0 15.8 16.1 16.0 16.1 16.3 16.0 15.5 15.2
2012 15.1 15.0 14.5 14.5 14.8 14.8 14.9 14.7 14.7 14.5 14.4 14.4

Background Articles and Videos

The Unemployment Game Show: Are You *Really* Unemployed?

Trapped in Unemployment

Decades of high unemployment likely

Employment Situation Summary

Transmission of material in this release is embargoed                   USDL-13-0001
until 8:30 a.m. (EST) Friday, January 4, 2013

Technical information:
 Household data:       (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data:   (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:         (202) 691-5902  *  PressOffice@bls.gov

                         THE EMPLOYMENT SITUATION -- DECEMBER 2012

Nonfarm payroll employment rose by 155,000 in December, and the unemployment 
rate was unchanged at 7.8 percent, the U.S. Bureau of Labor Statistics reported 
today. Employment increased in health care, food services and drinking places, 
construction, and manufacturing.

    -----------------------------------------------------------------
   |                                                                 |
   |      Revision of Seasonally Adjusted Household Survey Data      |
   |                                                                 |
   | Seasonally adjusted household survey data have been revised     |
   | using updated seasonal adjustment factors, a procedure done at  |
   | the end of each calendar year. Seasonally adjusted estimates    |
   | back to January 2008 were subject to revision. The unemployment |
   | rates for January 2012 through November 2012 (as originally     |
   | published and as revised) appear in table A, along with         |
   | additional information about the revisions.                     |
   |                                                                 |
    -----------------------------------------------------------------

Household Survey Data

The number of unemployed persons, at 12.2 million, was little changed
in December. The unemployment rate held at 7.8 percent and has been at
or near that level since September. (See table A-1.)

Among the major worker groups, the unemployment rates for adult women
(7.3 percent) and blacks (14.0 percent) edged up in December, while
the rates for adult men (7.2 percent), teenagers (23.5 percent),
whites (6.9 percent), and Hispanics (9.6 percent) showed little or no
change. The jobless rate for Asians was 6.6 percent (not seasonally
adjusted), little changed from a year earlier. (See tables A-1, A-2,
and A-3.)

In December, the number of long-term unemployed (those jobless for 27
weeks or more) was essentially unchanged at 4.8 million and accounted
for 39.1 percent of the unemployed. (See table A-12.)

The civilian labor force participation rate held at 63.6 percent in
December. The employment-population ratio, at 58.6 percent, was 
essentially unchanged over the month. (See table A-1.)

The number of persons employed part time for economic reasons
(sometimes referred to as involuntary part-time workers), at 7.9
million, changed little in December. 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 December, 2.6 million persons were marginally attached to the labor
force, essentially unchanged from a year earlier. (These 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 1.1 million discouraged
workers in December, little changed from a year earlier. (These 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 in December had not searched for work in the 4 weeks
preceding the survey for reasons such as school attendance or family
responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 155,000 in December. In
2012, employment growth averaged 153,000 per month, the same as the
average monthly gain for 2011. In December, employment increased in
health care, food services and drinking places, construction, and
manufacturing. (See table B-1.)

Health care employment continued to expand in December (+45,000). Job
gains occurred in ambulatory health care services (+23,000), in
hospitals (+12,000), and in nursing and residential care facilities
(+10,000). In 2012, health care employment rose by 338,000.

In December, employment in food services and drinking places rose by
38,000. In 2012, the industry added an average of 24,000 jobs a month,
essentially the same as in 2011.

Construction added 30,000 jobs in December, led by employment
increases in construction of buildings (+13,000) and in residential
specialty trade contractors (+12,000).

In December, manufacturing employment rose by 25,000, with small gains
in a number of component industries. In 2012, factory employment
increased by 180,000; most of the growth occurred during the first
quarter.

Employment in retail trade changed little in December, after
increasing by 143,000 over the prior 3 months. Within the industry,
employment in clothing and accessories stores fell by 19,000,
following gains that totaled 55,000 over the prior 3 months. Elsewhere
in retail trade, employment in automobile dealers and in food and
beverage stores continued to trend up in December.

Employment in other major industries, including mining and logging,
transportation and warehousing, financial activities, professional and
businesses services, and government, showed little change over the
month.

In December, the average workweek for all employees on private nonfarm
payrolls edged up by 0.1 hour to 34.5 hours. The manufacturing
workweek edged up by 0.1 hour to 40.7 hours, and factory overtime was
unchanged at 3.3 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls edged up by 0.1
hour to 33.8 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls
rose by 7 cents to $23.73. Over the year, average hourly earnings have
risen by 2.1 percent. In December, average hourly earnings of private-
sector production and nonsupervisory employees increased by 6 cents to
$19.92. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for October was revised
from +138,000 to +137,000, and the change for November was revised
from +146,000 to +161,000.

____________
The Employment Situation for January is scheduled to be released on
Friday, February 1, 2013, at 8:30 a.m. (EST).

  ------------------------------------------------------------------ 
 |                                                                  |
 |            Revisions in the Establishment Survey Data            |
 |                                                                  |
 | With the release of January 2013 data on February 1, 2013, the   |
 | Current Employment Statistics (CES) survey will introduce        |
 | revisions to nonfarm payroll employment, hours, and earnings     |
 | data to reflect the annual benchmark adjustment for March 2012   |
 | and updated seasonal adjustment factors. Not seasonally adjusted |
 | data beginning with April 2011 and seasonally adjusted data      |
 | beginning with January 2008 are subject to revision.             |
 |                                                                  |
  ------------------------------------------------------------------ 

  ------------------------------------------------------------------ 
 |                                                                  |
 |             Upcoming Changes to the Household Survey             |
 |                                                                  |
 | Effective with the release of The Employment Situation for       |
 | January 2013, scheduled for February 1, 2013, new population     |
 | controls will be used in the monthly household survey estima-    |
 | tion process. These new controls reflect the annual updating of  |
 | intercensal population estimates by the U.S. Census Bureau.      |
 | Historical data will not be revised to incorporate the new       |
 | controls; consequently, household survey data for January 2013   |
 | will not be directly comparable with that for December 2012 or   |
 | earlier periods. A table showing the effects of the new controls |
 | on the major labor force series will be included in the January  |
 | 2013 release.                                                    |
 |                                                                  |
  ------------------------------------------------------------------ 

         Revision of Seasonally Adjusted Household Survey Data

At the end of each calendar year, BLS routinely updates the seasonal
adjustment factors for the labor force series derived from the Current
Population Survey (CPS), or household survey. As a result of this
process, seasonally adjusted data for January 2008 through November
2012 were subject to revision.

Table A shows the unemployment rates for January 2012 through November
2012, as first published and as revised. The rates changed by one-
tenth of a percentage point in 2 of the 11 months and were unchanged
in the remaining 9 months. Revised seasonally adjusted data for other
major labor force series beginning in December 2011 appear in table B.

An article describing the seasonal adjustment methodology for the
household survey data and revised data for January 2012 through
November 2012 is available at www.bls.gov/cps/cpsrs2013.pdf.

Historical data for the household series contained in the A tables of
this release can be accessed at www.bls.gov/cps/cpsatabs.htm. Revised
historical seasonally adjusted monthly and quarterly data for
additional series are available on the Internet at
ftp://ftp.bls.gov/pub/special.requests/lf/.

Table A.  Seasonally adjusted unemployment rates in 2012 and changes
due to revision, January - November 2012

         Month            As first           As          Change
                          computed         revised

January ...............      8.3             8.3          0.0
February ..............      8.3             8.3           .0
March .................      8.2             8.2           .0
April .................      8.1             8.1           .0
May ...................      8.2             8.2           .0
June ..................      8.2             8.2           .0
July ..................      8.3             8.2          -.1
August ................      8.1             8.1           .0
September .............      7.8             7.8           .0
October ...............      7.9             7.9           .0
November ..............      7.7             7.8           .1

HOUSEHOLD DATA Table B. Employment status of the civilian population by sex and age, seasonally adjusted
[Numbers in thousands]

Employment status, sex, and age20112012Dec.Jan.Feb.Mar.Apr.MayJuneJulyAug.Sept.Oct.Nov.Dec.TOTAL Civilian noninstitutional population(1)240,584242,269242,435242,604242,784242,966243,155243,354243,566243,772243,983244,174244,350Civilian labor force153,945154,356154,825154,707154,451154,998155,149154,995154,647155,056155,576155,319155,511Participation rate64.063.763.963.863.663.863.863.763.563.663.863.663.6Employed140,896141,608142,019142,020141,934142,302142,448142,250142,164142,974143,328143,277143,305Employment-population ratio58.658.558.658.558.558.658.658.558.458.758.758.758.6Unemployed13,04912,74812,80612,68612,51812,69512,70112,74512,48312,08212,24812,04212,206Unemployment rate8.58.38.38.28.18.28.28.28.17.87.97.87.8 Men, 20 years and over Civilian noninstitutional population(1)108,290108,087108,188108,289108,396108,503108,613108,727108,851108,973109,096109,206109,308Civilian labor force79,42079,20379,30179,31379,10379,37379,43279,37679,08579,43679,67979,56879,695Participation rate73.373.373.373.273.073.273.173.072.772.973.072.972.9Employed73,05073,13873,17973,23873,14573,23073,29973,28873,09773,61273,84573,82173,949Employment-population ratio67.567.767.667.667.567.567.567.467.267.667.767.667.7Unemployed6,3706,0656,1236,0755,9586,1436,1336,0895,9885,8255,8345,7475,746Unemployment rate8.07.77.77.77.57.77.77.77.67.37.37.27.2 Women, 20 years and over Civilian noninstitutional population(1)115,602117,082117,170117,260117,353117,448117,546117,648117,760117,869117,980118,079118,170Civilian labor force68,81569,42069,77569,58069,58069,77769,77769,67369,80069,81370,04169,90770,059Participation rate59.559.359.559.359.359.459.459.259.359.259.459.259.3Employed63,44664,08064,45764,42264,45464,65364,61664,43764,71664,93465,01464,98864,954Employment-

Make a Comment

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

Follow

Get every new post delivered to your Inbox.

Join 585 other followers

%d bloggers like this: