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Bank of America Corporation Message Board

  • dump.obamie@ymail.com dump.obamie Sep 6, 2013 9:51 AM Flag

    Payrolls in U.S. rose LESS than forecast ....

    but somehow the "unemployment" rate dropped again ! ! !

    Amazing ! ! !

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    • Focus on the participation rate. It explains the unemployment rate.

    • Look at tables A and B at bls site, The jobs are largely retail trade health care and social assistance.
      Health Care is not like on TV, but people going home to home taking care of the sick and old ( probably if I had to guess ). Retail trade is likely the people striking at WMT and MCD. There is nothing wrong with this as they actually produce things but the production for the things that are sold or consumed needs to come from somewhere. However, with what they get paid now for part time they won't be buying any homes on the new feudal manors until someone decides the trumps are really not contributing anything. ROFLMFO.

      Employment status
      Civilian noninstitutional population
      243,566 245,552 245,756 245,959 203
      Civilian labor force
      154,647 155,835 155,798 155,486 -312
      Participation rate
      63.5 63.5 63.4 63.2 -0.2
      Employed
      142,164 144,058 144,285 144,170 -115
      Employment-population ratio
      58.4 58.7 58.7 58.6 -0.1
      Unemployed
      12,483 11,777 11,514 11,316 -198
      Unemployment rate
      8.1 7.6 7.4 7.3 -0.1
      Not in labor force
      88,919 89,717 89,957 90,473 516

 
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