Double Dip Recession Begins: The Ever Shrinking U.S. Labor Force Declined By 496,000!–Labor Participation Rate Declines .2% to 63.3% New Obama Low and Lowest Since Carter in May 1979! and Only 88,000 Nonfarm payroll Increase in March 2013 — U-7b Unemployment Rate Over 22%! — Videos

Posted on April 5, 2013. Filed under: Banking, Blogroll, Business, College, Communications, Computers, Demographics, Economics, Education, Employment, Federal Government Budget, Fiscal Policy, High School, Macroeconomics, Microeconomics, Monetary Policy, Money, Tax Policy | Tags: , , , , , , , , |

Former Obama Advisor- Terrible March Jobs Numbers ‘A Punch To The Gut’

Weak US jobs numbers ‘unexpected’

Rush Limbaugh: It’s Official, We Have a Dying Country – April 5, 2013

CNN Reports On “Very Bad” Jobs Report For March

US Economy Adds 88K Jobs, Rate Drops to 7.6 Pct.

US Jobless Claims Hiked During The Easter Holiday Weekend in March 2013

Job Gains Slow as Unemployment Rate Falls

ECONOMIC CRASH WORLDWIDE STARTING

George Soros Predicts Economic Collapse  WE WILL HAVE A DOUBLE-DIP

Jim Rogers BBC – Economic Crisis, Europe 2012-2013

Peter Schiff explains how a US depression can cause a global ‘death spiral’

JIM-ROGERS-All-FIAT-CURRENCY-will-be-WORTHLESS-in-2014-Dont-SELL-GOLD-or-SILVER

Jim Rogers sits down with Glenn Beck

EXPERT Peter Schiff Says Economic Collapse Is Coming And Is HERE NOW

FTSE takes a tumble before US jobs data – IG’s morning market headlines 05.04.13

The First Few Days After The Dollar Crashes – Buy “Stuff” Now

Planned Economic Collapse 2013-2014

Latest:  Unemployment Numbers

American Economic Collapse, martial law

sgs-emp

 unemploymentU3U6U7

BLS paper describing undercounting of long-term discouraged umemployed

Unemployment Measures

http://www.bls.gov/opub/mlr/1995/10/art3full.pdf

Will The Unemployment Rate Stall in 2013? (Extra Segment) (EiP) 

Will the Unemployment Rate Stall in 2013? (Full Video) (EiP)

unemployment-chart

Table A-15. Alternative measures of labor underutilization

HOUSEHOLD DATA Table A-15.  Alternative measures of labor underutilization

[Percent]
Measure Not seasonally adjusted Seasonally adjusted
Mar. 2012 Feb. 2013 Mar. 2013 Mar. 2012 Nov. 2012 Dec. 2012 Jan. 2013 Feb. 2013 Mar. 2013
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force 4.9 4.3 4.3 4.6 4.3 4.3 4.2 4.2 4.1
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force 4.8 4.6 4.3 4.5 4.1 4.1 4.3 4.2 4.1
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate) 8.4 8.1 7.6 8.2 7.8 7.8 7.9 7.7 7.6
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers 8.9 8.6 8.1 8.7 8.3 8.5 8.4 8.3 8.1
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force 9.7 9.6 9.0 9.6 9.2 9.4 9.3 9.2 8.9
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force 14.8 14.9 13.9 14.5 14.4 14.4 14.4 14.3 13.8
NOTE: Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data.http://www.bls.gov/news.release/empsit.t15.htm

EmployPop2554June2012

Employment-population Ratio

 16 years and over

Employment_Population_Ration_1960_jan_2013_mar

Series Id:           LNS12300000
Seasonally Adjusted
Series title:        (Seas) Employment-Population Ratio
Labor force status:  Employment-population ratio
Type of data:        Percent or rate

Age:                 16 years and overEmployment_Population_Ratio

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2000 64.6 64.6 64.6 64.7 64.4 64.5 64.2 64.2 64.2 64.2 64.3 64.4
2001 64.4 64.3 64.3 64.0 63.8 63.7 63.7 63.2 63.5 63.2 63.0 62.9
2002 62.7 63.0 62.8 62.7 62.9 62.7 62.7 62.7 63.0 62.7 62.5 62.4
2003 62.5 62.5 62.4 62.4 62.3 62.3 62.1 62.1 62.0 62.1 62.3 62.2
2004 62.3 62.3 62.2 62.3 62.3 62.4 62.5 62.4 62.3 62.3 62.5 62.4
2005 62.4 62.4 62.4 62.7 62.8 62.7 62.8 62.9 62.8 62.8 62.7 62.8
2006 62.9 63.0 63.1 63.0 63.1 63.1 63.0 63.1 63.1 63.3 63.3 63.4
2007 63.3 63.3 63.3 63.0 63.0 63.0 62.9 62.7 62.9 62.7 62.9 62.7
2008 62.9 62.8 62.7 62.7 62.5 62.4 62.2 62.0 61.9 61.7 61.4 61.0
2009 60.6 60.3 59.9 59.8 59.6 59.4 59.3 59.1 58.7 58.5 58.6 58.3
2010 58.5 58.5 58.5 58.7 58.6 58.5 58.5 58.5 58.5 58.3 58.2 58.3
2011 58.3 58.4 58.4 58.4 58.4 58.2 58.2 58.3 58.4 58.4 58.5 58.6
2012 58.5 58.6 58.5 58.5 58.6 58.6 58.5 58.4 58.7 58.7 58.7 58.6
2013 58.6 58.6 58.5

http://www.bls.gov/news.release/pdf/empsit.pdf

Labor Force Statistics from the Current Population Survey

Employment Level

143,286,000 March 2013

146,595,000 Nov. 2007 Peak of Boom

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
2013 143322(1) 143492 143286
1 : Data affected by changes in population controls.

Civilian Labor Force

155,028,000 March 2013

153,845,000 Nov. 2008

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
2013 155654(1) 155524 155028
1 : Data affected by changes in population controls.

 

Civilian Labor Force Participation Rate

63.3% March 2013

66.0% Nov. 2007

63.3% May 1979

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

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
2013 63.6 63.5 63.3

labor_participation_rate_1948_2013

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1948 58.6 58.9 58.5 59.0 58.3 59.2 59.3 58.9 58.9 58.7 58.7 59.1
1949 58.7 59.0 58.9 58.8 59.0 58.6 58.9 59.2 59.1 59.6 59.4 59.2
1950 58.9 58.9 58.8 59.2 59.1 59.4 59.1 59.5 59.2 59.4 59.3 59.2
1951 59.1 59.1 59.8 59.1 59.4 59.0 59.4 59.2 59.1 59.4 59.2 59.6
1952 59.5 59.5 58.9 58.8 59.1 59.1 58.9 58.7 59.2 58.7 59.1 59.2
1953 59.5 59.5 59.6 59.1 58.6 58.9 58.9 58.6 58.5 58.5 58.6 58.3
1954 58.6 59.3 59.1 59.2 58.9 58.5 58.4 58.7 59.2 58.8 58.6 58.1
1955 58.6 58.4 58.5 59.0 58.8 58.8 59.3 59.7 59.7 59.8 59.9 60.2
1956 60.2 59.9 59.8 59.9 60.2 60.1 60.1 60.0 60.0 59.8 59.8 59.8
1957 59.5 59.9 59.8 59.5 59.5 59.8 60.0 59.3 59.6 59.5 59.5 59.6
1958 59.3 59.3 59.3 59.6 59.8 59.5 59.6 59.8 59.7 59.6 59.2 59.2
1959 59.3 59.0 59.3 59.4 59.2 59.2 59.4 59.2 59.3 59.4 59.1 59.5
1960 59.1 59.1 58.5 59.5 59.5 59.7 59.5 59.5 59.7 59.4 59.8 59.7
1961 59.6 59.6 59.7 59.3 59.4 59.7 59.3 59.3 59.0 59.1 59.1 58.8
1962 58.8 59.0 58.9 58.7 58.9 58.8 58.5 59.0 59.0 58.7 58.5 58.4
1963 58.6 58.6 58.6 58.8 58.8 58.5 58.7 58.5 58.7 58.8 58.8 58.5
1964 58.6 58.8 58.7 59.1 59.1 58.7 58.6 58.6 58.7 58.6 58.5 58.6
1965 58.6 58.7 58.7 58.8 59.0 58.8 59.1 58.9 58.7 58.9 58.8 59.0
1966 59.0 58.8 58.8 59.0 59.0 59.1 59.1 59.3 59.3 59.3 59.6 59.5
1967 59.5 59.3 59.1 59.4 59.3 59.6 59.6 59.7 59.7 59.9 59.8 59.9
1968 59.2 59.6 59.6 59.5 59.9 60.0 59.8 59.6 59.5 59.5 59.6 59.7
1969 59.6 60.0 59.9 60.0 59.8 60.1 60.1 60.3 60.3 60.4 60.2 60.2
1970 60.4 60.4 60.6 60.6 60.3 60.2 60.4 60.3 60.2 60.4 60.4 60.4
1971 60.4 60.1 60.0 60.1 60.2 59.8 60.1 60.2 60.1 60.1 60.4 60.4
1972 60.2 60.2 60.5 60.4 60.4 60.4 60.4 60.6 60.4 60.3 60.3 60.5
1973 60.0 60.5 60.8 60.8 60.6 60.9 60.9 60.7 60.8 60.9 61.2 61.2
1974 61.3 61.4 61.3 61.1 61.2 61.2 61.4 61.2 61.4 61.3 61.3 61.2
1975 61.4 61.0 61.2 61.3 61.5 61.2 61.3 61.3 61.2 61.2 61.1 61.1
1976 61.3 61.3 61.3 61.6 61.5 61.5 61.8 61.8 61.6 61.6 61.9 61.8
1977 61.6 61.9 62.0 62.1 62.2 62.4 62.1 62.3 62.3 62.4 62.8 62.7
1978 62.8 62.7 62.8 63.0 63.1 63.3 63.2 63.2 63.3 63.3 63.5 63.6
1979 63.6 63.8 63.8 63.5 63.3 63.5 63.6 63.6 63.8 63.7 63.7 63.9
1980 64.0 64.0 63.7 63.8 63.9 63.7 63.8 63.7 63.6 63.7 63.8 63.6
1981 63.9 63.9 64.1 64.2 64.3 63.7 63.8 63.8 63.5 63.8 63.9 63.6
1982 63.7 63.8 63.8 63.9 64.2 63.9 64.0 64.1 64.1 64.1 64.2 64.1
1983 63.9 63.8 63.7 63.8 63.7 64.3 64.1 64.3 64.3 64.0 64.1 64.1
1984 63.9 64.1 64.1 64.3 64.5 64.6 64.6 64.4 64.4 64.4 64.5 64.6
1985 64.7 64.7 64.9 64.9 64.8 64.6 64.7 64.6 64.9 65.0 64.9 65.0
1986 64.9 65.0 65.1 65.1 65.2 65.4 65.4 65.3 65.4 65.4 65.4 65.3
1987 65.4 65.5 65.5 65.4 65.7 65.5 65.6 65.7 65.5 65.7 65.7 65.7
1988 65.8 65.9 65.7 65.8 65.7 65.8 65.9 66.1 65.9 66.0 66.2 66.1
1989 66.5 66.3 66.3 66.4 66.3 66.5 66.5 66.5 66.4 66.5 66.6 66.5
1990 66.8 66.7 66.7 66.6 66.6 66.4 66.5 66.5 66.4 66.4 66.4 66.4
1991 66.2 66.2 66.3 66.4 66.2 66.2 66.1 66.0 66.2 66.1 66.1 66.0
1992 66.3 66.2 66.4 66.5 66.6 66.7 66.7 66.6 66.5 66.2 66.3 66.3
1993 66.2 66.2 66.2 66.1 66.4 66.5 66.4 66.4 66.2 66.3 66.3 66.4
1994 66.6 66.6 66.5 66.5 66.6 66.4 66.4 66.6 66.6 66.7 66.7 66.7
1995 66.8 66.8 66.7 66.9 66.5 66.5 66.6 66.6 66.6 66.6 66.5 66.4
1996 66.4 66.6 66.6 66.7 66.7 66.7 66.9 66.7 66.9 67.0 67.0 67.0
1997 67.0 66.9 67.1 67.1 67.1 67.1 67.2 67.2 67.1 67.1 67.2 67.2
1998 67.1 67.1 67.1 67.0 67.0 67.0 67.0 67.0 67.2 67.2 67.1 67.2
1999 67.2 67.2 67.0 67.1 67.1 67.1 67.1 67.0 67.0 67.0 67.1 67.1
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
2013 63.6 63.5 63.3

Unemployment Level

11,742,000 March 2013

7,240,000 Nov. 2007

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
2013 12332 12032 11742

U-3 Unemployment Rate

7.6% March 2013

4.7% Nov. 2007

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

u_3_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
2013 7.9 7.7 7.6

U-6 Total Unemployment Rate

13.8% March 2013

88.4% Nov. 2007

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

u_6_unemployment_rate

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
2013 14.4 14.3 13.8

Employment Situation Summary

Transmission of material in this release is embargoed                        USDL-13-0581
until 8:30 a.m. (EDT) Friday, April 5, 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 -- MARCH 2013

Nonfarm payroll employment edged up in March (+88,000), and the unemployment rate was
little changed at 7.6 percent, the U.S. Bureau of Labor Statistics reported today.
Employment grew in professional and business services and in health care but declined
in retail trade.

Household Survey Data

Both the number of unemployed persons, at 11.7 million, and the unemployment rate, at
7.6 percent, were little changed in March. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (6.9 percent),
adult women (7.0 percent), teenagers (24.2 percent), whites (6.7 percent), blacks
(13.3 percent), and Hispanics (9.2 percent) showed little or no change in March. The
jobless rate for Asians was 5.0 percent (not seasonally adjusted), little changed from
a year earlier. (See tables A-1, A-2, and A-3.)

In March, the number of long-term unemployed (those jobless for 27 weeks or more) was
little changed at 4.6 million. These individuals accounted for 39.6 percent of the
unemployed. (See table A-12.)

The civilian labor force declined by 496,000 over the month, and the labor force
participation rate decreased by 0.2 percentage point to 63.3 percent. The employment-
population ratio, at 58.5 percent, changed little. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to
as involuntary part-time workers) fell by 350,000 over the month to 7.6 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-8.)

In March, 2.3 million persons were marginally attached to the labor force, essentially
unchanged 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-16.)

Among the marginally attached, there were 803,000 discouraged workers in March, 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 March
had not searched for work for reasons such as school attendance or family responsibilities.
(See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment edged up in March (+88,000). Over the prior 12 months,
employment growth had averaged 169,000 per month. In March, employment increased in
professional and business services and in health care, while retail trade employment
declined. (See table B-1.)

Professional and business services added 51,000 jobs in March. Over the past 12 months,
employment in this industry has grown by 533,000. Within professional and business
services, accounting and bookkeeping services added 11,000 jobs over the month, and
employment continued to trend up in temporary help services and in several other
component industries.

Job growth in health care continued in March, with a gain of 23,000, similar to the prior
12-month average. Within health care, employment increased by 15,000 in ambulatory health
care services, such as home health care, and by 8,000 in hospitals.

Construction employment continued to trend up in March (+18,000). Job growth in this
industry picked up this past fall; since September, the industry has added 169,000
jobs. In March, employment continued to expand among specialty trade contractors 
(+23,000). Employment in specialty trade contractors has increased by 128,000 since
September, with the gain about equally split between the residential and nonresidential
components.

Within leisure and hospitality, employment in food services and drinking places continued
to trend up in March (+13,000). Over the past year, the industry added 262,000 jobs.

In March, retail trade employment declined by 24,000. The industry had added an average
of 32,000 jobs per month over the prior 6 months. In March, job declines occurred in
clothing and clothing accessories stores (-15,000), building material and garden supply
stores (-10,000), and electronics and appliance stores (-6,000).

Within government, U.S. Postal Service employment fell by 12,000 in March. Employment in
other major industries, including mining, manufacturing, wholesale trade, transportation
and warehousing, information, financial activities, state government, and local government,
showed little change over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.1
hour to 34.6 hours. The manufacturing workweek decreased by 0.1 hour to 40.8 hours, and
factory overtime rose by 0.1 hour to 3.4 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls was unchanged at 33.8 hours. (See
tables B-2 and B-7.)

In March, average hourly earnings for all employees on private nonfarm payrolls, at $23.82,
changed little (+1 cent). Over the year, average hourly earnings have risen by 42 cents,
or 1.8 percent. Average hourly earnings of private-sector production and nonsupervisory
employees, at $20.03, changed little (-1 cent) in March. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for January was revised from +119,000 to
+148,000, and the change for February was revised from +236,000 to +268,000.

____________
The Employment Situation for April is scheduled to be released on Friday, May 3, 2013, at
8:30 a.m. (EDT).

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]

CategoryMar.
2012Jan.
2013Feb.
2013Mar.
2013Change from:
Feb.
2013-
Mar.
2013Employment status Civilian noninstitutional population242,604244,663244,828244,995167Civilian labor force154,707155,654155,524155,028-496Participation rate63.863.663.563.3-0.2Employed142,020143,322143,492143,286-206Employment-population ratio58.558.658.658.5-0.1Unemployed12,68612,33212,03211,742-290Unemployment rate8.27.97.77.6-0.1Not in labor force87,89889,00889,30489,967663 Unemployment rates Total, 16 years and over8.27.97.77.6-0.1Adult men (20 years and over)7.77.37.16.9-0.2Adult women (20 years and over)7.47.37.07.00.0Teenagers (16 to 19 years)25.023.425.124.2-0.9White7.37.06.86.7-0.1Black or African American14.013.813.813.3-0.5Asian (not seasonally adjusted)6.26.56.15.0-Hispanic or Latino ethnicity10.39.79.69.2-0.4 Total, 25 years and over6.86.56.36.2-0.1Less than a high school diploma12.612.011.211.1-0.1High school graduates, no college8.08.17.97.6-0.3Some college or associate degree7.57.06.76.4-0.3Bachelor’s degree and higher4.23.73.83.80.0 Reason for unemployment Job losers and persons who completed temporary jobs7,0216,6376,5226,329-193Job leavers1,11198195698630Reentrants3,2643,5153,3403,176-164New entrants1,4211,2871,2791,31637 Duration of unemployment Less than 5 weeks2,5962,7662,6672,464-2035 to 14 weeks2,7843,0282,7822,8385615 to 26 weeks1,8771,8581,6951,7374227 weeks and over5,3024,7084,7974,611-186 Employed persons at work part time Part time for economic reasons7,6647,9737,9887,638-350Slack work or business conditions5,0605,1265,1364,906-230Could only find part-time work2,3602,6302,5782,576-2Part time for noneconomic reasons18,53018,46418,90818,745-163 Persons not in the labor force (not seasonally adjusted) Marginally attached to the labor force2,3522,4432,5882,326-Discouraged workers865804885803– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Mar.
2012
Jan.
2013
Feb.
2013(p)
Mar.
2013(p)
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)
Total nonfarm 205 148 268 88
Total private 208 164 254 95
Goods-producing 37 41 73 16
Mining and logging 1 3 5 1
Construction -4 24 49 18
Manufacturing 40 14 19 -3
Durable goods(1) 26 5 9 4
Motor vehicles and parts 10.7 1.7 1.3 0.8
Nondurable goods 14 9 10 -7
Private service-providing(1) 171 123 181 79
Wholesale trade 5.9 13.7 4.7 -1.0
Retail trade -5.6 22.4 14.6 -24.1
Transportation and warehousing 3.1 -22.2 -1.7 -2.8
Information -2 4 19 5
Financial activities 23 7 8 -2
Professional and business services(1) 43 46 80 51
Temporary help services -7.1 11.6 23.4 20.3
Education and health services(1) 46 15 31 44
Health care and social assistance 28.7 16.5 36.9 27.9
Leisure and hospitality 52 31 26 17
Other services 5 6 -2 -9
Government -3 -16 14 -7
WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES(2)
AS A PERCENT OF ALL EMPLOYEES
Total nonfarm women employees 49.3 49.4 49.3 49.3
Total private women employees 47.8 47.9 47.8 47.8
Total private production and nonsupervisory employees 82.6 82.6 82.6 82.6
HOURS AND EARNINGS
ALL EMPLOYEES
Total private
Average weekly hours 34.5 34.4 34.5 34.6
Average hourly earnings $23.40 $23.78 $23.81 $23.82
Average weekly earnings $807.30 $818.03 $821.45 $824.17
Index of aggregate weekly hours (2007=100)(3) 96.2 97.4 97.9 98.2
Over-the-month percent change -0.1 -0.1 0.5 0.3
Index of aggregate weekly payrolls (2007=100)(4) 107.4 110.4 111.1 111.6
Over-the-month percent change 0.2 0.0 0.6 0.5
HOURS AND EARNINGS
PRODUCTION AND NONSUPERVISORY EMPLOYEES
Total private
Average weekly hours 33.7 33.6 33.8 33.8
Average hourly earnings $19.68 $19.98 $20.04 $20.03
Average weekly earnings $663.22 $671.33 $677.35 $677.01
Index of aggregate weekly hours (2002=100)(3) 103.5 104.7 105.5 105.6
Over-the-month percent change -0.1 -0.2 0.8 0.1
Index of aggregate weekly payrolls (2002=100)(4) 136.0 139.7 141.2 141.3
Over-the-month percent change 0.1 0.1 1.1 0.1
DIFFUSION INDEX(5)
(Over 1-month span)
Total private (266 industries) 68.8 63.0 59.6 54.3
Manufacturing (81 industries) 74.1 55.6 54.3 46.3
Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

Discouraged Worker

In economics, a discouraged worker is a person of legal employment age who is not actively seeking employment or who does not find employment after long-term unemployment. This is usually because an individual has given up looking or has had no success in finding a job, hence the term “discouraged”.

In other words, even if a person is still looking actively for a job, that person may have fallen out of the core statistics of unemployment rate after long-term unemployment and is therefore by default classified as “discouraged” (since the person does not appear in the core statistics of unemployment rate). In some cases, their belief may derive from a variety of factors including a shortage of jobs in their locality or line of work; discrimination for reasons such as age, race, sex, religion, sexual orientation, and disability; a lack of necessary skills, training, or experience; or, a chronic illness or disability.[1]

As a general practice, discouraged workers, who are often classified as “marginally attached to the labor force”, “on the margins” of the labor force, or as part of “hidden unemployment”, are not considered to be part of the labor force and are thus not counted in most official unemployment rates, which influences the appearance and interpretation of unemployment statistics. Although some countries offer alternative measures of unemployment rate, the existence of discouraged workers can be inferred from a low employment-to-population ratio.

United States

Discouraged Workers (US, 2004-09)

In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.[2][3][4]

The Bureau of Labor Statistics does not count discouraged workers as unemployed but rather refers to them as only “marginally attached to the labor force”.[5][6][7] This means that the officially measured unemployment captures so-called “frictional unemployment” and not much else.[8] This has led some economists to believe that the actual unemployment rate in the United States is higher than what is officially reported while others suggest that discouraged workers voluntarily choose not to work.[9] Nonetheless, the U.S. Bureau of Labor Statistics has published the discouraged worker rate in alternative measures of labor underutilization under U-4 since 1994 when the most recent redesign of the CPS was implemented.[10][11]

The United States Department of Labor first began tracking discouraged workers in 1967 and found 500,000 at the time.[12] Today, In the United States, according to the U.S. Bureau of Labor Statistics as of April 2009, there are 740,000 discouraged workers.[13][14] There is an ongoing debate as to whether discouraged workers should be included in the official unemployment rate.[12] Over time, it has been shown that a disproportionate number of young people, blacks, Hispanics and men, make up discouraged workers.[15][16] Nonetheless, it is generally believed that the discouraged worker is underestimated because it does not include homeless people or those who have not looked for or held a job during the past twelve months and is often poorly tracked.[12][17]

According to the U.S. Bureau of Labor Statistics, the top five reasons for discouragement are the following:[18]

  1. The worker thinks no work is available.
  2. The worker could not find work.
  3. The worker lacks schooling or training.
  4. The worker is viewed as too young or too old by the prospective employer.
  5. The worker is the target of various types of discrimination. …

References

  1. ^ a b c Akyeampong, Ernest B. “Discouraged workers – where have they gone?” (PDF). Perspectives on Labour and Income. 3 (Canada: Statistics Canada) 4 (Article 5). Catalogue=75- 001E. Retrieved 2009-05-12.
  2. ^ O’Sullivan, Arthur; Sheffrin, Steven M. (2003) [January 2002]. Economics: Principles in Action. The Wall Street Journal: Classroom Edition (2nd ed.). Upper Saddle River, New Jersey 07458: Pearson Prentice Hall: Addison Wesley Longman. p. 336. ISBN 0-13-063085-3.
  3. ^ “BLS Information”. Glossary. U.S. Bureau of Labor Statistics Division of Information Services. February 28, 2008. Retrieved 2009-05-05.
  4. ^ “Glossary”. Congressional Budget Office. Retrieved 2009-05-10. [dead link]
  5. ^ Castillo, Monica D. (July 1998). “Persons outside the labor force who want a job”. Monthly Labor Review. LABSTAT Bureau of Labor Statistics. Retrieved 2009-05-12.
  6. ^ Hederman Jr., Rea S. (January 9, 2004). “Tracking the Long-Term Unemployed and Discouraged Workers”. WebMemo #389. The heritage foundation. Retrieved 2009-05-10.
  7. ^ Rampell, Catherine (April 30, 2009). “Job Market Pie”. Business: Economicx. The New York Times. Retrieved 2009-05-10.
  8. ^ Garrison, Roger (July 12, 2004). “The Sin of Wages?”. Archives. Ludwig von Mises Institute. Retrieved 2009-05-12.
  9. ^ Zuckerman, Sam (Sunday, November 17, 2002). “Jobless statistics overlook many Official numbers omit discouraged seekers, part-time workers”. Business. San Francisco Chronicle. Retrieved 2009-05-12.
  10. ^ “Alternative measures of labor underutilization”. Economic News Release. U.S. Bureau of Labor Statistics Division of Current Employment Statistics. May 8, 2009. Retrieved 2009-05-12.
  11. ^ “The Unemployment Rate and Beyond: Alternative Measures of Labor Underutilization (Issues in Labor Statistics, Summary 08-06, June 2008)”. Issues in labor statistics. U.S. Bureau of Labor Statistics. June 2008. Retrieved 2009-05-12.
  12. ^ a b c McCARROLL, THOMAS (Monday, Sep. 09, 1991). “Down And Out: “Discouraged” Workers”. magazine. Time magazine. Retrieved 2009-05-10.
  13. ^ “Black Male Unemployment Jumps to 17.2%”. Dollars & Sense. Friday, May 08, 2009. Retrieved 2009-05-10. [dead link]
  14. ^ “Employment Situation Summary”. Economic News Release. U.S. Bureau of Labor Statistics Division of Labor Force Statistics. May 8, 2009. Retrieved 2009-05-10.
  15. ^ “Issues in Labor Statistics: Ranks of Discouraged Workers and Others Marginally Attached to the Labor Force Rise During Recession”. Issues in Labor Statistics. U.S. Bureau of Labor Statistics Division of Information Services. May 1, 2009. p. 2. Retrieved 2009-05-10.
  16. ^ Ahrens, Frank (May 8, 2009; 3:25 PM ET). “Actual U.S. Unemployment: 15.8%”. Economy Watch. The Washington Post. Retrieved 2009-05-10.
  17. ^ PODSADA, JANICE (April 19, 2009). “‘Hidden Unemployment’ Inflates State’s Real Jobless Figures”. Business. The Hartford Courant. Retrieved 2009-05-10.
  18. ^ “Ranks of Discouraged Workers and Others Marginally Attached to the Labor Force Rise During Recession”. Issues in Labor Statistics. U.S. Bureau of Labor Statistics. April 2009. Retrieved 2009-05-12.
  19. ^ a b c d Akyeampong, Ernest B. (Autumn 1989). “Discouraged Workers” (PDF). Perspectives on Labour and Income. 2 (Canada: Statistics Canada) 1. Retrieved 2009-05-12.
  • Akyeampong, Ernest B. “Persons on the Margins of the Labour Force,” The Labour Force (71-001). Statistics Canada, April 1987.
  • Akyeampong, Ernest B. “Women Wanting Work But Not Looking Due to Child Care Demands,” The Labour Force. April 1988.
  • Australian Bureau of Statistics. Persons in the Labour Force, Australia (Including Persons who Wanted Work but who were not Defined as Unemployed) (6219.0). July 1985.
  • Jackson, George. “Alternative Concepts and Measures of Unemployment,” The Labour Force. February 1987.
  • Macredie, Ian. “Persons Not in the Labour Force: Job Search Activities and the Desire for Employment, September 1984,” The Labour Force. October 1984.
  • Organization for Economic Co-operation and Development. OECD Employment Outlook. September 1987. Akyeampong, E.B. “Discouraged workers.” Perspectives on labour and income, Quarterly, Catalogue 75-001E, Autumn 1989. Ottawa: Statistics Canada, pp. 64–69.
  • “Women wanting work, but not looking due to child care demands.” The labour force, Monthly, Catalogue 71-001, April 1988. Ottawa: Statistics Canada, pp. 123–131.
  • “Persons on the margins of the labour force.” The labour force, Monthly, Catalogue 71-001, April 1987. Ottawa: Statistics Canada, pp. 85–131.
  • Frenken, H. “The pension carrot: incentives to early retirement.” Perspectives on labour and income, Quarterly, Catalogue 75-001E, Autumn 1991. Ottawa: Statistics Canada, pp. 18–27.
  • Jackson, G. “Alternative concepts and measures of unemployment.” The labour force, Monthly, Catalogue 71-001, February 1987. Ottawa: Statistics Canada, pp. 85–120.
  • Macredie, I. “Persons not in the labour force – job search activities and the desire for employment, September 1984.” The labour force, Monthly, Catalogue 71-001, October 1984. Ottawa: Statistics Canada, pp. 91–104.

 Further reading

External links

 United States


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