U.S. Economy Adds 51,000 Jobs in September

[papau]

U.S. Economy Adds 51,000 Jobs in September

http://www.bls.gov/news.release/empsit.nr0.htm

Friday, October 6, 2006.


THE EMPLOYMENT SITUATION: SEPTEMBER 2006

Nonfarm payroll employment held steady (+51,000), and the unemployment rate
(4.6 percent) was essentially unchanged in September, the Bureau of Labor Sta-
tistics of the U.S. Department of Labor reported today. Job growth continued
in health care and financial activities, while employment declined in manufac-
turing. Employment was little changed in other major industry sectors.

Persons Not in the Labor Force (Household Survey Data)

About 1.3 million persons (not seasonally adjusted) were marginally attached
to the labor force in September, down from 1.4 million a year earlier. These
individuals 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. Among the marginally
attached, there were 325,000 discouraged workers in September, about unchanged
from a year earlier. Discouraged workers were not currently looking for work
specifically because they believed no jobs were available for them. The other
975,000 marginally attached had not searched for work in the 4 weeks preceding
the survey for reasons such as school attendance or family responsibilities.
(See table A-13.)

- 2 -

Table A. Major indicators of labor market activity, seasonally adjusted
(Numbers in thousands)
|________|_________|________|_________|_________|_______
ESTABLISHMENT DATA | Employment
|_______________________________________________________
Nonfarm employment......| 135,128|p 135,516| 135,374|p 135,562|p 135,613| p 51
Goods-producing (1)...| 22,420| p 22,428| 22,420| p 22,438| p 22,427| p -11
Construction........| 7,502| p 7,522| 7,504| p 7,527| p 7,535| p 8
Manufacturing.......| 14,246| p 14,225| 14,236| p 14,229| p 14,210| p -19
Service-providing (1).| 112,708|p 113,088| 112,954|p 113,124|p 113,186| p 62
Retail trade (2)....| 15,236| p 15,209| 15,222| p 15,209| p 15,197| p -12
Professional and | | | | | |
business services.| 17,269| p 17,393| 17,364| p 17,401| p 17,413| p 12
Education and health| | | | | |
services..........| 17,677| p 17,785| 17,735| p 17,802| p 17,817| p 15
Leisure and | | | | | |
hospitality.......| 13,009| p 13,079| 13,062| p 13,082| p 13,092| p 10
Government..........| 21,931| p 21,985| 21,970| p 21,996| p 21,988| p -8
|________|______ __|________|_________|_________|_______
| Hours of work (3)
|_______________________________________________________
Total private...........| 33.9| p 33.8| 33.9| p 33.8| p 33.8| p 0.0
Manufacturing.........| 41.2| p 41.3| 41.4| p 41.3| p 41.1| p -.2
Overtime............| 4.6| p 4.4| 4.5| p 4.4| p 4.3| p -.1
| | | | | |
|________|_________|________|_________|_________|________
| Indexes of aggregate weekly hours (2002=100)(3)

Industry Payroll Employment (Establishment Survey Data)

Total nonfarm payroll employment was little changed (+51,000) in September
at 135.6 million. This followed job gains of 123,000 in July and 188,000 in
August (as revised). Over the month, employment rose in health care and finan-
cial activities and declined in manufacturing. (See table B-1.)

Manufacturing lost 19,000 jobs in September. Within durable goods, factory
job losses occurred in several industries that are related to home building--
wood products, nonmetallic mineral products, and furniture. Employment con-
tinued to trend downward in a number of nondurable goods manufacturing indus-
tries, including textile mills, plastics, and paper products.

Weekly Hours (Establishment Survey Data)

The average workweek for production or nonsupervisory workers on private
nonfarm payrolls was unchanged at 33.8 hours in September, seasonally adjusted.
The manufacturing workweek decreased by 0.2 hour to 41.1 hours, and factory
overtime was down by 0.1 hour to 4.3 hours. (See table B-2.)

The index of aggregate weekly hours of production or nonsupervisory
workers on private nonfarm payrolls declined by 0.1 percent in September to
105.0 (2002=100). The manufacturing index fell by 0.7 percent to 96.0. (See
table B-5.)

Table 1. CES national total nonfarm benchmark revisions, |
| March 1996-2006 (Clinton under reported job gains, and did not have pretend birth/death jobs until the last years and then only for a total under a 100,000, while Bush despite birth/death games has only 04 so far as a year of "under reported job gains") |
| -------------------------------------------------------- |
| | | |
| Year | Benchmark revision | Percent benchmark |
| | (in thousands) | revision |
| -------------------------------------------------------- |
| 1996.....| 57 | (1) |
| 1997.....| 431 | 0.4 |
| 1998.....| 44 | (1) |
| 1999.....| 258 | .2 |
| 2000.....| 468 | .4 |
| 2001.....| -123 | -.1 |
| 2002.....| -313 | -.2 |
| 2003.....| -122 | -.1 |
| 2004.....| 203 | .2 |
| 2005.....| -158 | -.1 |
| 2006 p...| 810 | .6

FAKE OR GUESS - BUT NEVER CHECKED TO REALITY - BIRTH/DEATH ADJUSTMENT WAS 28000 PLUS FOR SEPT
2006 Net Birth/Death Adjustment (in thousands) Supersector Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Total
-193 116 135 271 211 175 -57 121 28


FOR MORE POSITIVE NOT THAT BAD VIEW WE HAVE THE MEDIA:
http://www.marketwatch.com/news/story/story.aspx?guid=%7B03A13CF4-BD53-462A-88BC-1BC99DAB8BFF%7D

[HughBeaumont]

1. Craptacular.

It IS the economy, stupids.

Of course, a job's a job's a job to Repukes, right? Never mind whether or not it can feed, clothe or shelter you successfully. That doesn't matter.

It's like a big Pyramid scheme and we're the shat-upon base.

[hatrack]

2. Flopariffic

What, about 1/3 of the job creation rate needed to simply keep up with population growth?

Pathetic.

[HughBeaumont]

3. Isn't this like 9 straight MONTHS of underperformance?

Something tells me we should be allocating all those war dollars to shore up our infrastructure instead.

But hey, I'm just a stupid worker. What do I know? I wouldn't want to be . . .

BAD FOR BUSINESS!

[Demeter]

5. Actually, It's 6 Straight Years

but the bean counters have been earning beaucoup bucks to conceal that little fact....

[HughBeaumont]

11. Has there been ANY gain in private sector jobs?

Plus I'm SICK of people bragging about this "record Dow". I'm supposed to care that it's just above break even from 2000? There's still nothing to be positive about in job creation or stock yields, where it matters for the working man.

[lumberjack_jeff]

13. Outside of healthcare - no. n/t

[displacedtexan]

4. Absolutely jaw dropping!

:wow: :wow: :wow: :wow: :wow:

[teryang]

8. How can the unemployment rate "go down" with that figure?

As you point out, the population of working people increases by much more than that.

Yet they come up with this bs 4.6 percent figure. Also, contradictory, the average time spent out of work by those eventually reemployed is higher than ever. How is this consistent with their unemployment rate for last month. These figures are obviously cooked.

[DavidDvorkin]

12. Here's a different picture

No pretense at being authoritative or scientific, but it does seem to accord more with reality:

http://www.dvorkin.com/essays/sbobu.html

[stepnw1f]

16. Ding, Ding, Ding (nt)

[Megahurtz]

14. Perfect Explaination.

I knew that this was just a crock of shit.

[corporatemedia]

6. This should be no surprise.

Help Wanted Advertising is at its lowest point since bush stole the presidency.

See the previous post -

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2534450&mesg_id=2534450

[area51]

7. Help Wanted Advertising is at its lowest point since bush stole the pres.

I'm glad you brought that up. I even managed to shock a member of the nazi party when I showed her how extremely thin the Sunday job classifed ads were in the local newspaper. She religiously listens to Faux & Rusty Limpdick. I told her that the online ads are just as thin, w/the same ads repeated, & a lot of republinazi work-from-home scams.

[Megahurtz]

15. "Republinazi Work-From-Home Scams"

:spray:Hahahahahahaha!

Yeah, those things are all orchestrated by Republinazis aren't they?
Those are about the only ADS for "work" that I see anymore.

[teryang]

9. No manufacturing sector equals "strong economy"

...in Bushworld.

[teryang]

10. spin: job growth under reported by 70,000 a month all year

A morgan stanley fairy tale spun on CNBC.

Gas prices going up. Good, economy is growing.

Gas prices going down. Good, consumers have more money to spend.

There is never any bad news on CNBC. People selling worthless paper to each other trying to convince you every day that oil, gas, gold, steel, copper, etc. are not worth anything in "strong, growing, economy." Sell your energy and gold, they're worthless. (sarcasm).

[papau]

19. That is the "baseline correction" - how that is obtained since it includes

the guesstimate for "birth/death" - those pretend stay at home not on payroll tax record jobs - is beyond me as they admit they never check the accuracy of the birth/death guess - they only play a few stat games with it so it seems a better fit to god knows what data.

The 60,000 jobs added as a correction to earlier months still leaves us with only 111,000 new jobs - of which 28,000 are those "we can't find them but we know they are out there" birth/death jobs.

[Dyedinthewoolliberal]

17. 51,000 jobs

at 8.50 an hour to replace the 50,000 that went away at $15.00 an hours. Whoop-de-fuckin'do...... :shrug:
At least that's how I see it........

[area51]

18. 51,000 jobs

Either that (8.50 an hour to replace the 50,000 that went away at $15.00 an hour), or there were 51,000 jobs created in India, China, Malaysia, etc.

[Roland99]

20. Can you say, recession?