Pronk Pops Show 58, January 18, 2012: Segment 3: Jobs Report: Labor Participation Rate Flat Lines At 64% While Unemployment Rate Declines To 8.5%–200,000 Jobs Increase–Work Force 50,000 Decrease!–Videos

Posted on January 18, 2012. Filed under: American History, Budgetary Policy, Business, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, Government, History, Housing, Illegal Immigration, Immigration, Labor Economics, Monetary Policy, Philosophy, Politics, Polls, Public Sector Unions, Radio, Tax Policy, Technology, Unions, Videos, Violence, War, Wisdom | Tags: Labor Participation Rate, Unemployment Rate |

Segment 3: Jobs Report: Labor Participation Rate Flat Lines At 64% While Unemployment Rate Declines To 8.5%–200,000 Jobs Increase–Work Force 50,000 Decrease!–Videos

Unemployment Rate Lowest in Three Years

Economy adds jobs, unemployment rate drops

January 6th 2012 CNBC Stock Market Squawk Box (December Jobs Report)

Unemployment rate down to 8.5 percent

Jobless Claims Drop, GDP Rises Less Than Estimated

The unemployment rate of your major

Employment Level

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
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	146397(1)	146157	146108	146130	145929	145738	145530	145196	145059	144792	144078	143328
2009	142187(1)	141660	140754	140654	140294	140003	139891	139458	138775	138401	138607	137968
2010	138500(1)	138665	138836	139306	139340	139137	139139	139338	139344	139072	138937	139220
2011	139330(1)	139551	139764	139628	139808	139385	139450	139754	140107	140297	140614	140790

Civilian Labor Force

Civilian labor force. This is the total of all civilians classified as employed and unemployed.

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
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	154075(1)	153648	153925	153761	154325	154316	154480	154646	154559	154875	154622	154626
2009	154236(1)	154521	154143	154450	154800	154730	154538	154319	153786	153822	153833	153091
2010	153454(1)	153704	153964	154528	154216	153653	153748	154073	153918	153709	154041	153613
2011	153250(1)	153302	153392	153420	153700	153409	153358	153674	154004	154057	153937	153887

Labor Force Participation Rate %

Participation rate. This represents the proportion of the population that is in the labor force.

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
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	65.9	66.0	65.8	65.8
2009	65.7	65.8	65.6	65.6	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	64.5	64.3
2011	64.2	64.2	64.2	64.2	64.2	64.1	64.0	64.1	64.1	64.1	64.0	64.0

Unemployment Level

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
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	7678	7491	7816	7631	8395	8578	8950	9450	9501	10083	10544	11299
2009	12049	12860	13389	13796	14505	14727	14646	14861	15012	15421	15227	15124
2010	14953	15039	15128	15221	14876	14517	14609	14735	14574	14636	15104	14393
2011	13919	13751	13628	13792	13892	14024	13908	13920	13897	13759	13323	13097

Unemployment Rate % (U-3)

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
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	8.9	9.4	9.5	9.5	9.6	9.8	10.0	9.9	9.9
2010	9.7	9.8	9.8	9.9	9.6	9.4	9.5	9.6	9.5	9.5	9.8	9.4
2011	9.1	9.0	8.9	9.0	9.0	9.1	9.1	9.1	9.0	8.9	8.7	8.5

Total Unemployment Rate % (U-6)

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
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	11.1	11.8	12.7	13.5
2009	14.2	15.1	15.7	15.8	16.4	16.5	16.5	16.7	16.8	17.2	17.1	17.1
2010	16.7	16.9	16.9	17.0	16.6	16.5	16.5	16.6	16.9	16.8	16.9	16.6
2011	16.1	15.9	15.7	15.9	15.8	16.2	16.1	16.2	16.4	16.0	15.6	15.2

Background Articles and Videos

$tate of the Economy – Deneen Borelli – Monica Crowley 12- 2- 11

Employment Situation Summary

Transmission of material in this release is embargoed USDL-12-0012
until 8:30 a.m. (EST) Friday, January 6, 2012

Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * http://www.bls.gov/cps
Establishment data: (202) 691-6555 * cesinfo@bls.gov * http://www.bls.gov/ces

Media contact: (202) 691-5902 * PressOffice@bls.gov

THE EMPLOYMENT SITUATION — DECEMBER 2011

Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate,
at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in transportation and warehousing, retail trade,
manufacturing, health care, and mining.

——————————————————————–
| |
| Revision of Seasonally Adjusted Household Survey Data |
| |
| Seasonally adjusted household survey data have been revised |
| using updated seasonal adjustment factors, a procedure done |
| at the end of each calendar year. Seasonally adjusted |
| estimates back to January 2007 were subject to revision. The |
| unemployment rates for January 2011 through November 2011 |
| (as originally published and as revised) appear in table A, |
| along with additional information about the revisions. |
| |
——————————————————————–

Household Survey Data

Both the number of unemployed persons (13.1 million) and the unemployment rate
(8.5 percent) continued to trend down in December. The unemployment rate has
declined by 0.6 percentage point since August. (See table A-1.)

Among the major worker groups, the unemployment rate for adult men decreased
to 8.0 percent in December. The jobless rates for adult women (7.9 percent),
teenagers (23.1 percent), whites (7.5 percent), blacks (15.8 percent), and
Hispanics (11.0 percent) showed little change. The jobless rate for Asians
was 6.8 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was
little changed at 5.6 million and accounted for 42.5 percent of the unemployed.
(See table A-12.)

The civilian labor force participation rate (64.0 percent) and the employment-
population ratio (58.5 percent) were both unchanged over the month. (See
table A-1.)

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) declined by 371,000 to 8.1
million in December. 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.)

About 2.5 million persons were marginally attached to the labor force in
December, little different 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 945,000 discouraged workers in
December, a decrease of 373,000 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 December 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 increased by 200,000 in December. Over the
past 12 months, nonfarm payroll employment has risen by 1.6 million. Employment
in the private sector rose by 212,000 in December and by 1.9 million over the
year. Government employment changed little over the month but fell by 280,000
over the year. (See table B-1.)

Employment in transportation and warehousing rose sharply in December (+50,000).
Almost all of the gain occurred in the couriers and messengers industry (+42,000);
seasonal hiring was particularly strong in December.

Retail trade continued to add jobs in December, with a gain of 28,000. Employment
in the industry has increased by 240,000 over the past 12 months. Over the month,
job gains continued in general merchandise stores (+13,000) and in clothing and
clothing accessories stores (+11,000). Employment in sporting goods, hobby, book,
and music stores fell by 10,000.

In December, manufacturing employment expanded by 23,000, following 4 months of
little change. Employment increased in December in transportation equipment
(+9,000), fabricated metals (+6,000), and machinery (+5,000).

Mining employment rose by 7,000 over the month. Over the year, mining added
89,000 jobs.

Health care continued to add jobs in December (+23,000); employment in hospitals
increased by 10,000. Over the year, health care employment has risen by 315,000.

Within leisure and hospitality, employment in food services and drinking places
continued to trend up in December (+24,000). Over the year, food services and
drinking places has added 230,000 jobs.

Construction employment changed little in December. Within the industry,
nonresidential specialty trade contractors added 20,000 jobs over the month,
mostly offsetting losses over the prior 2 months.

Employment in professional and business services changed little in December for
the second month in a row. The industry added 42,000 jobs per month, on average,
during the first 10 months of 2011.

Government employment changed little in December but was down by 280,000 over
the year. Job losses in 2011 occurred in local government; state government,
excluding education; and the U.S. Postal Service.

The average workweek for all employees on private nonfarm payrolls increased
by 0.1 hour to 34.4 hours in December. The manufacturing workweek increased
by 0.1 hour to 40.5 hours. Factory overtime decreased by 0.1 hour to 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. (See tables B-2
and B-7.)

In December, average hourly earnings for all employees on private nonfarm
payrolls rose by 4 cents, or 0.2 percent, to $23.24. Over the past 12 months,
average hourly earnings have increased by 2.1 percent. In December, average
hourly earnings of private-sector production and nonsupervisory employees were
unchanged at $19.54. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for October was revised from
+100,000 to +112,000, and the change for November was revised from +120,000
to +100,000.

__________
The Employment Situation for January is scheduled to be released on
Friday, February 3, 2012, at 8:30 a.m. (EST).

——————————————————————–
| |
| Upcoming Changes to Establishment Survey Data |
| |
| With the release of January 2012 data on February 3, 2012, the |
| Current Employment Statistics (CES) survey will introduce revisions|
| to nonfarm payroll employment, hours, and earnings data to reflect |
| the annual benchmark adjustment for March 2011 and updated |
| seasonal adjustment factors. Not seasonally adjusted data |
| beginning with April 2010 and seasonally adjusted data beginning |
| with January 2007 are subject to revision. |
| |
| The CES survey also will revise the basis for industry |
| classification from the 2007 North American Industry |
| Classification System (NAICS) to the 2012 NAICS. The 2012 NAICS |
| includes minor changes within the Construction, Manufacturing, |
| Retail trade, Utilities, and Leisure and hospitality sectors. |
| Several industry titles and descriptions also changed. |
| Approximately one percent of employment will be reclassified |
| into different industries as a result of the NAICS revision. For |
| more information on the 2012 NAICS, visit http://www.census.gov/epcd/ |
| www/naics.html. |
| |
| In addition to changes resulting from the conversion to the 2012 |
| NAICS update, there will be some changes to the list of CES |
| series published as a result of the annual benchmarking process. |
| For more information on the industry changes effective with the |
| release of the January 2012 data, visit http://www.bls.gov/ces/ |
| cesnaics12.htm. |
| |
| Finally, some historical data prior to April 2010 are subject to |
| minor revisions due to the application of a consistent rounding |
| method over the entire time series. For additional details see |
| http://www.bls.gov/ces/ceshistchanges.htm. |
| |
——————————————————————–

——————————————————————–
| |
| Upcoming Changes to the Household Survey |
| |
| Effective with the release of The Employment Situation for |
| January 2012 scheduled for February 3, 2012, population controls |
| that reflect the results of Census 2010 will be used in the |
| monthly household survey estimation process. Historical data |
| will not be revised to incorporate the new controls; consequently, |
| household survey data for January 2012 will not be directly |
| comparable with that for December 2011 or earlier periods. A |
| table showing the effects of the new controls on the major labor |
| force series will be included in the January 2012 release. |
| |
| Also effective with the release of The Employment Situation for |
| January 2012, the questions on race and Hispanic or Latino |
| ethnicity in the household survey will be modified. The minor |
| wording changes in the questions are not expected to affect the |
| estimates. |
| |
| In January 2012, the Census Bureau, which conducts the household |
| survey, began a year-long process of reorganizing its regional |
| office structure. For more information on these Census Bureau |
| changes, see http://www.census.gov/newsroom/pdf/General_QAs_FINAL2.pdf. |
| Both the Census Bureau and the Bureau of Labor Statistics (BLS) |
| will monitor survey operations during the transition period. No |
| impact on the employment and unemployment estimates from the |
| survey is anticipated from this organizational change. |
| |
——————————————————————–

Revision of Seasonally Adjusted Household Survey Data

At the end of each calendar year, BLS routinely updates the seasonal
adjustment factors for the labor force series derived from the Current
Population Survey (CPS), or household survey. As a result of this
process, seasonally adjusted data for January 2007 through November
2011 were subject to revision.

Table A shows the unemployment rates for January 2011 through November
2011, as first published and as revised. The rates changed by one-
tenth of a percentage point in 8 of the 11 months and were unchanged
in the remaining 3 months. Revised seasonally adjusted data for other
major labor force series beginning in December 2010 appear in table B.

An article describing the seasonal adjustment methodology for the
household survey data and revised data for January 2011 through
November 2011 is available at http://www.bls.gov/cps/cpsrs2012.pdf.

Historical data for the household series contained in the A-tables
(A-1–A-16) of this release can be accessed at http://www.bls.gov/cps/
cpsatabs.htm. Revised historical seasonally adjusted monthly and
quarterly data for additional series are available on the Internet at
ftp.bls.gov/pub/special.requests/lf/.

Table A. Seasonally adjusted unemployment rates in 2011 and changes
due to revision, January – November 2011

Month As first As Change
computed revised

January …………… 9.0 9.1 0.1
February ………….. 8.9 9.0 .1
March …………….. 8.8 8.9 .1
April …………….. 9.0 9.0 .0
May ………………. 9.1 9.0 -.1
June ……………… 9.2 9.1 -.1
July ……………… 9.1 9.1 .0
August …………… 9.1 9.1 .0
September ………9.1 9.0 -.1
October ………….9.0 8.9 -.1
November ………8.6 8.7 .1

Pronk Pops Show 58, January 18, 2012: Segment 3: Jobs Report: Labor Participation Rate Flat Lines At 64% While Unemployment Rate Declines To 8.5%–200,000 Jobs Increase–Work Force 50,000 Decrease!–Videos

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Segment 3: Jobs Report: Labor Participation Rate Flat Lines At 64% While Unemployment Rate Declines To 8.5%–200,000 Jobs Increase–Work Force 50,000 Decrease!–Videos

Unemployment rate down to 8.5 percent

Employment Level

Civilian Labor Force

Labor Force Participation Rate %

Unemployment Level

Unemployment Rate % (U-3)

Total Unemployment Rate % (U-6)

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