Published: Monday, Dec. 9 2013 9:00 a.m. MST
41% of the jobs created in November were government jobs. It generally
isn't a good sign for the economy when 41% of "job creation" is
done by the government.
The jobless numbers mean nothing because they are meaningless statistics. The
only truly meaningful number is the Labor Participation Rate (LPR), which
measures the total number of eligible adults who are in the workforce vs all
adults who are eligible for the workforce (the "unemployment rate" only
considers those who are actively looking for work). The LPR is currently around
64% and continuing to drop. 64% is the lowest rate in almost 40 years. Thanks
@Shane333,The jobs report itself states that the federal government
shed 7, 000 jobs in November, and has declined by 90, 000 employees for the
year. I don't know what state and local government employment growth is,
but your claim would have them hiring over 80,000 new employees last month, a
figure that sounds incredibly dubious in view of how many are struggling with
budget shortfalls. Where are you geting your numbers from?
Shane is right -- 41% of jobs created in Nov were created by the government;
just read the jobs report. And while Brave Sir's point that the LPR remains
at all-time-lows, it is actually at to 62.8%, not 64%, and still declining.
Statistics can prove anything if you use the right formula. There are two
valuable statistics out there, we have fewer jobs out there and we now make less
money. What else matters.
No, Shane and Dimelo are wrong. The 41% being bandied about by Rush and
rightwing websites is false. The jobs report itself states that 196,000 of the
new jobs were private payroll. The balance were state/local jobs, and the
federal government actually decreased in size.The 41% figure is
derived from the differences in the October and November Household Survey
reports, which are separate from the payroll report and had included furloughed
government workers in unemployment statistics for October. Furloughees were
"unemployed" according to the October report but were added back again
for the November report, and both should be looked at as a whole rather as
separate months because of the timing of when the data was gathered. Including
these numbers in the 203,000 new jobs created in November according to the
payroll report is misleading at best, deceitful at worst. To head
off any complaints about the media covering for the Obama administration, this
data is easily verifiable in publications like Forbes, the WSJ, and Business
Insider, which are hardly leftwing propaganda mouthpieces.
It means the Democrats carefully bought economy back from Republican failure.
Progressive is clearly the economic road to compete against communist China.
Rush is now attacking the pope and woman again because he knows his tea party
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