Archive for November 4th, 2011

Ron Paul Tells It Like It Is: Peace and Prosperity vs. Warfare and Welfare–American People Will Decide!–Momentum!–Videos

Posted on November 4, 2011. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Demographics, Economics, Education, Employment, Energy, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, history, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Regulations, Security, Strategy, Taxes, Unemployment, Unions, Video, War, Wealth, Weapons, Wisdom | Tags: , , , , , , , , |

Ron Paul on Morning Joe (Part 1 of 2 – November 3, 2011)

Ron Paul on Morning Joe (Part 2 of 2 – November 3, 2011)

 Ron Paul fiat money is our biggest export

★ THE R[ƎVO˩]UTION IS HERE, THE R[ƎVO˩]UTION IS NOW ★

Ron Paul – “The one who can beat Obama”

Background Articles and Videos

Ron Paul: A 2012 Revolution

Ron Paul 2008 Stop Dreaming

The Tea Party Started In 2007 And Ron Paul Is The Godfather

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Peter Schiff–Capitalism Not Socialism Is The Answer To Occupy Wall Street Mob–Videos

Posted on November 4, 2011. Filed under: American History, Banking, Blogroll, Business, College, Communications, Economics, Education, Fiscal Policy, government, government spending, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, Microeconomics, Monetary Policy, Money, People, Philosophy, Politics, Public Sector, Raves, Strategy, Talk Radio, Taxes, Technology, Unions, Wealth, Wisdom | Tags: , , , , , , , , , , |

Peter Schiff: Capitalism the Solution for OWS Protesters (Part 1)

Peter Schiff: Capitalism the Solution for OWS Protesters (Part 2)

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Unemployment Rate 9.0 Percent Or Greater For 28 Months and Over 8% For Entire Obama Administration–Only 80,000 New Jobs Created in October, 2011–Never Created 250,000 Permanent Jobs In A Single Month Of Obama Presidency–Videos

Posted on November 4, 2011. Filed under: American History, Blogroll, Business, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, history, Immigration, Inflation, Investments, Language, Law, liberty, Life, Links, Macroeconomics, media, People, Philosophy, Politics, Private Sector, Psychology, Public Sector, Rants, Raves, Regulations, Security, Taxes, Technology, Transportation, Unemployment, Unions, Video, War, Wealth, Wisdom | Tags: , , , , |

Rep. Brady Questions Dr. Hall during JEC Employment Hearing

 

Mike Ryan of Madison Performance Group Discusses October 2011 Unemployment Rate

Rep. Mulvaney 2nd Round of Questions at JEC Hearing Nov 4, 2011

Unemployment Rate Falls to 9.0% From 9.1%

Fed Cuts Growth Outlook, Ups Jobless View

Reality Check: Ben Bernanke Suffers from Stereo Blindness

Jobs data hint at improvement

November 4th 2011 CNBC Stock Market Squawk Box (October Jobs Report)

Morning Market Update for November 4, 2011

Dr. Burgess at JEC Employment Hearing 11-4-11

Bureau of Labor Statistics, Department of Labor

Labor Force Statistics from the Current Population Survey

November, 2011

Employment Level

140, 320,000

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 146033(1) 146066 146334 145610 145901 146058 145886 145670 146231 145937 146584 146272
2008 146407(1) 146183 146143 146173 145925 145725 145479 145167 145056 144778 144068 143324
2009 142201(1) 141687 140822 140720 140292 139978 139794 139409 138791 138393 138590 137960
2010 138511(1) 138698 138952 139382 139353 139092 138991 139267 139378 139084 138909 139206
2011 139323(1) 139573 139864 139674 139779 139334 139296 139627 140025 140302
1 : Data affected by changes in population controls.

Civilian Labor Force Level

154,198,000

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 153133(1) 152966 153054 152446 152666 153038 153035 152756 153422 153209 153845 153936
2008 154060(1) 153624 153924 153779 154322 154315 154432 154656 154613 154953 154621 154669
2009 154185(1) 154424 154100 154453 154805 154754 154457 154362 153940 154022 153795 153172
2010 153353(1) 153558 153895 154520 154237 153684 153628 154117 154124 153960 153950 153690
2011 153186(1) 153246 153406 153421 153693 153421 153228 153594 154017 154198
1 : Data affected by changes in population controls.

Labor Force Participation Rate

64.2%

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 66.0 66.1 66.0 66.0 65.8 65.8
2009 65.7 65.7 65.6 65.6 65.7 65.7 65.5 65.4 65.1 65.1 65.0 64.7
2010 64.8 64.8 64.9 65.1 64.9 64.7 64.6 64.7 64.7 64.5 64.5 64.3
2011 64.2 64.2 64.2 64.2 64.2 64.1 63.9 64.0 64.2 64.2


Unemployment Level

13,897,000

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 7100 6900 6721 6836 6766 6980 7149 7085 7191 7272 7261 7664
2008 7653 7441 7781 7606 8398 8590 8953 9489 9557 10176 10552 11344
2009 11984 12737 13278 13734 14512 14776 14663 14953 15149 15628 15206 15212
2010 14842 14860 14943 15138 14884 14593 14637 14849 14746 14876 15041 14485
2011 13863 13673 13542 13747 13914 14087 13931 13967 13992 13897

Unemployment Rate

U3: 9.0%

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 4.8 5.1 4.9 5.4 5.6 5.8 6.1 6.2 6.6 6.8 7.3
2009 7.8 8.2 8.6 8.9 9.4 9.5 9.5 9.7 9.8 10.1 9.9 9.9
2010 9.7 9.7 9.7 9.8 9.6 9.5 9.5 9.6 9.6 9.7 9.8 9.4
2011 9.0 8.9 8.8 9.0 9.1 9.2 9.1 9.1 9.1 9.0

Total Unemployment Rate

U6: 16.2%

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

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
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 8.1 8.0 8.2 8.2 8.3 8.4 8.5 8.4 8.4 8.5 8.8
2008 9.1 8.9 9.0 9.2 9.7 10.1 10.5 10.9 11.2 11.9 12.7 13.6
2009 14.1 15.0 15.6 15.8 16.4 16.6 16.5 16.8 17.0 17.4 17.1 17.2
2010 16.5 16.8 16.8 17.0 16.5 16.5 16.5 16.7 17.1 17.0 17.0 16.7
2011 16.1 15.9 15.7 15.9 15.8 16.2 16.1 16.2 16.5 16.2

Background Articles and Videos

Employment Situation Summary

Transmission of material in this release is embargoed until		USDL-11-1576
8:30 a.m. (EDT) Friday, November 4, 2011

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 -- OCTOBER 2011

Nonfarm payroll employment continued to trend up in October (+80,000),
and the unemployment rate was little changed at 9.0 percent, the U.S.
Bureau of Labor Statistics reported today. Employment in the private
sector rose, with modest job growth continuing in professional and
businesses services, leisure and hospitality, health care, and mining.
Government employment continued to trend down.

Household Survey Data

Both the number of unemployed persons (13.9 million) and the
unemployment rate (9.0 percent) changed little over the month. The
unemployment rate has remained in a narrow range from 9.0 to 9.2
percent since April. (See table A-1.)

Among the major worker groups, the unemployment rate declined for
blacks (15.1 percent) in October, while the rates for adult men (8.8
percent), adult women (8.0 percent), teenagers (24.1 percent), whites
(8.0 percent), and Hispanics (11.4 percent) showed little or no
change. The jobless rate for Asians was 7.3 percent, not seasonally
adjusted. (See tables A-1, A-2, and A-3.)

In October, the number of long-term unemployed (those jobless for 27
weeks and over) declined by 366,000 to 5.9 million, or 42.4 percent of
total unemployment. (See table A-12.)

The civilian labor force participation rate remained at 64.2 percent
in October, and the employment-population ratio was little changed at
58.4 percent. (See table A-1.)

The number of persons employed part time for economic reasons
(sometimes referred to as involuntary part-time workers) decreased by
374,000 to 8.9 million in October. 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 October, 2.6 million persons were marginally attached to the labor
force, about the same as 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-16.)

Among the marginally attached, there were 967,000 discouraged workers
in October, a decrease of 252,000 from 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 1.6 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. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment continued to trend up in October
(+80,000). Over the past 12 months, payroll employment has increased
by an average of 125,000 per month. In October, private-sector
employment increased by 104,000, with continued job growth in
professional and business services, leisure and hospitality, health
care, and mining. Government employment continued to contract in
October. (See table B-1.)

Employment in professional and business services continued to trend up
in October (+32,000) and has grown by 562,000 over the past 12 months.
Within the industry, there have been modest job gains in recent months
in temporary help services and in management and technical consulting
services.

Employment in leisure and hospitality edged up over the month
(+22,000). Since a recent low point in January 2010, the industry has
added 344,000 jobs.

Health care employment continued to expand in October 2011 (+12,000),
following a gain of 45,000 in September. Offices of physicians added
8,000 jobs in October. Over the past 12 months, health care has added
313,000 jobs.

In October, mining employment continued to increase (+6,000); oil and
gas extraction accounted for half of the increase. Since a recent low
point in October 2009, mining employment has risen by 152,000.

Manufacturing employment changed little in October 2011 (+5,000) and has
remained flat for 3 months. In October, a job gain in transportation
equipment (+10,000) was partly offset by small losses in other
manufacturing industries.

Within retail trade, employment increased in general merchandise
stores (+10,000) and in motor vehicle and parts dealers (+6,000) in
October. Retail trade has added 156,000 jobs over the past 12 months.

Construction employment declined by 20,000 in October, largely
offsetting an increase of 27,000 in September; both over-the-month
changes largely occurred in nonresidential construction. Employment in
both residential and nonresidential construction has shown little net
change in 2011.

Employment in other major private-sector industries, including
wholesale trade, transportation and warehousing, information, and
financial activities, changed little in October.

Government employment continued to trend down over the month (-24,000),
with most of the October decline in the non-educational component of
state government. Employment in both state government and local
government has been trending down since the second half of 2008.

The average workweek for all employees on private nonfarm payrolls was
unchanged at 34.3 hours in October. The manufacturing workweek rose by
0.2 hour to 40.5 hours, and factory overtime remained at 3.2 hours.
The average workweek for production and nonsupervisory employees on
private nonfarm payrolls edged up by 0.1 hour to 33.7 hours in
October. (See tables B-2 and B-7.)

In October, average hourly earnings for all employees on private
nonfarm payrolls increased by 5 cents, or 0.2 percent, to $23.19. This
increase followed a gain of 6 cents in September. Over the past 12
months, average hourly earnings have increased by 1.8 percent. In
October, average hourly earnings of private-sector production and
nonsupervisory employees increased by 3 cents, or 0.2 percent, to
$19.53. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for August was revised
from +57,000 to +104,000, and the change for September was revised
from +103,000 to +158,000.

______________
The Employment Situation for November is scheduled to be released on
Friday, December 2, 2011, at 8:30 a.m. (EST).
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