Biz

Jobs Report: Which End Is Up?

GOVERNMENT EMPLOYMENT REPORT DRAWS SCRUTINY … AGAIN || By FITSNEWS || The number of working age Americans not participating in the labor force surged by 354,000 in February to a record 92,898,000, according to the U.S. Department of Labor (DOL).  As a result, the U.S. labor participation rate inched down…

GOVERNMENT EMPLOYMENT REPORT DRAWS SCRUTINY … AGAIN

|| By FITSNEWS || The number of working age Americans not participating in the labor force surged by 354,000 in February to a record 92,898,000, according to the U.S. Department of Labor (DOL).  As a result, the U.S. labor participation rate inched down to 62.8 percent – just off of its 37-year low.

Not good …

Meanwhile the nation’s unemployment rate declined from 5.7 to 5.5 percent, but once again that reduction was being driven by a shrinking workforce … not sustained job growth.

And while U.S. Secretary of Labor Thomas Perez boasted that the “quality of jobs is going up,” more than half of the new jobs created last month (152,000) were in the three lowest-paying sectors of the economy.

Which is why there was zero wage growth … or why average hourly wages rose by an anemic 0.1 percent (missing expectations of 0.2 percent “growth”).

Take a look …

(Click to enlarge)

wages

(Pic: Via)

Also, there’s evidence that the government jobs report – which has been prone to manipulation in the past – grossly understated recent job losses in the energy sector.

Specifically, the government report claimed that the energy sector lost only 3,000 jobs during the past two months.  But just yesterday Challenger, Gray and Christmas – a global outplacement consultancy – announced that more than five times that many jobs were shed by energy firms in February alone.

“Once again, the energy sector saw the heaviest job cutting in February, with these firms announcing 16,339 job cuts, due primarily to oil prices,” the firm reported.  “Falling oil prices have been responsible for 39,621 job cuts, to date. That represents 38 percent of all recorded workforce reductions announced in the first two months of 2015.”

Yeah … still trust the government’s numbers?

***

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70 comments

tomstickler March 6, 2015 at 5:02 pm

Same old, same old. No matter what the jobs report — Fits says it’s no good.

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Manray9 March 8, 2015 at 11:32 am

If the numbers were identical and Ron Paul were president, it would be the Jubilee.

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Woe is me March 6, 2015 at 5:10 pm

SC is the Droopy Dog of US states. Only fatter.

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FastEddy23 March 6, 2015 at 10:02 pm

Yeah. It’s a good thing you don’t have any moscitos or hot, humid weather, or everyone would move to Houston.

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SCBlues March 7, 2015 at 12:52 am

“Yeah.”
Houston – if you think we’ve had a problem wait till we throw in some illiterate rednecks from South Carolina . . . .

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Tom March 6, 2015 at 5:31 pm

The jobs report is very good. It is not manipulated. The unemployment rate is very good.

Of course no matter what happens, unless there is someone with an R in the White House, Republicans, like Will Folks, will never admit the economy is doing well.

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GrandTango March 6, 2015 at 6:00 pm

The jobs numbers are counting PT jobs, and even multiple assignments of temp jobs for one person as several FT jobs…

There is no sector blowing up. Tech is doing well, as it always does. The fracking business is good, but Obama is doing all he can to damage energy jobs (see Keystone)…

You’re just full of S#!t to claim there is any new life in the economy…people have accepted it will be S#!t until Obama exits office, and we can fix this LARGE F*#king mess he has made w/ Obamacare and the killing of coal, and way overpriced gas, because he is against production…

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Rocky March 6, 2015 at 6:47 pm

1,000 jobs per day created over eight years under Georgie Porgie, and 4,000 jobs a day created under Obama over 6 years, with a run rate for 2015 that will make it 5,000 jobs a day over 7 years. Take your pick. Thems is apples to apples. Must suck to have to be faced with actual numberical facts.

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FastEddy23 March 6, 2015 at 9:51 pm

Mmmmm … Difficult to argue with you when there are no substantiated fact in your screed.

Rocky: That graph speaks volumes and belies you statements.

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SCBlues March 7, 2015 at 12:30 am

“Mmmmm”
Vroom – Vroom! Rev up that push mower – ooops I’m sorry – that “durable medical equipment” – you’re always on here spouting off about, FastEddy! LOL

GrandTango March 7, 2015 at 7:05 am

Don’t like Reality if it’s not approved text by the DNC, do you??…LMAO…

FastEddy23 March 7, 2015 at 9:51 am

Please do not call my push mower “medical equipment”. ObamaCare has a “special” extra tax on all medical machines and equipment.

GrandTango March 7, 2015 at 7:03 am

Remember: when you blame Bush: Bush had GREAT (and REAL) numbers for much of 8 years…so that is NOT an acceptable excuse for Obama, being down for ALL six of his years…

Also: They don’t care to argue reality…they will accept nothing but the myth of a recovery by Obama…and that is a lie…there is NO recovery.

Americans are just hanging on…hoping someone comes in and loosens the chains government is binding us with, via Obama and the Democrat Party…

If you REALLY care, you will find, vote for and support, the MOST Conservative, America-loving candidates…There is no other plan that will work to correct this mess we’re in….

Rocky March 7, 2015 at 7:49 am

Look, I’m enjoying my coffee this morning. It’s soccer day. I don’t have time to slap your @$$ down with numerical evidence. Suffice to say – you’re full of crap again, as always. Manana.

Rocky March 7, 2015 at 7:48 am

Eddy – really simple math actually. You take ending job numbers (negative or positie) for each year. Add them up, divide by number of years, divide by 12 for months, diviide by 20 for days. It’s just another way of stating that really simple fact, overall, there were more jobs created under Obama than Bush. Guberment actually did very little except set direction. Hiring is generally done by private companies as demand increases. I just throw these facts out to piss of GT – because he’s usually full of sheee-it.

FastEddy23 March 7, 2015 at 8:59 am

OK, fine. Job participation is right now at a 37 year record Low.

“Been down so long it looks like up to me …”

When the Reagan era tax cuts finally kicked in, employment (job participation) and real job creation began the turn around.

SCBlues March 7, 2015 at 12:32 am

“Must suck to have to be faced with actual numberical facts.”
No matter the facts the fact remains that President Obama is black and that fact trumps all.

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GrandTango March 7, 2015 at 7:00 am

I’ve noticed the trend of when people point out you’re lying about the numbers…because you have nothing else…you are resorting to just repeating the lies..and accuse the people who see through you…

Chris Rock is even Tweeting the same Bull-S#!t there telling you to spew…

It’s not that we don’t like Obama’s success…It’s that you’re lying about it…and we know it…

Rocky March 7, 2015 at 7:51 am

The numbers are not false. Get over it. Economy up, Grand Tango down.

Fits Ain't No Republican March 6, 2015 at 6:05 pm

BINGO!

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GrandTango March 6, 2015 at 5:56 pm

Just ask yourself FITS…is your advertising blowing up? Do you see neighbors in high spirits because a spouse got a new job, or salaries are increasing?

There is no energy in the street. There is only malaise, w/ people subconsciously, and consciously, well aware that we’re in a 6-year recession…

What is sparking the economy…if there is a spark. I say NOTHING. All the chatter is based in Bull-$#!t, created to keep Obama from looking like the failure he is, and has been since Day One….

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Rocky March 6, 2015 at 9:09 pm

A lot of my neighbors have stay at home spouses. A couple of homes have new roofs. Others are putting in new kitches, bathrooms. I’m getting some trees removed and new plantings. Starting to plan summer vacation. Yeah, I’d say pretty short on malaise, pretty heavy on hurrays, or mayonaise, or yippie for gays. But not a lot of malaise. Also see lots of new cars on the road, except for crappy old BMW – but I’m cheap. Here’s a fact – if the economy wasn’t getting stronger by the hour – Yellen wouldn’t be planning to raise rates in June. Sorry – truth be da truth. And Crapville be Crapville. Some states suck though. Was in Jersey last weekend – they’re hurting – buy hey – they gots faty the conservative Governor. Maybe he’ll turn it around. Oh yeah, he’s had 5 years already and things suck.

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FastEddy23 March 6, 2015 at 10:07 pm

Christie tried to register as a democrat … apparently he wasn’t mobbed up enough to get in.

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johnq March 7, 2015 at 12:33 am

“Christie tried to register as a democrat … apparently he wasn’t smart enough to get in.”

FTFY

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SCBlues March 7, 2015 at 12:43 am

” . . . .apparently he wasn’t mobbed up enough to get in.”
Perhaps he just could not get there to register because all the freeway lanes were backed up? And by-pass surgery don’t work on them damn congested freeways, huh?

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GrandTango March 7, 2015 at 6:57 am

You’ve been proven to be a liar. You claimed to work at Savannah River Plant once…then you claimed a totally differ career field..

Not to mention: there is always a theme of how to attack the truth with you…You seem to follow whatever talking points are out there nationally. That also renders you suspect.

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Rocky March 7, 2015 at 7:55 am

What are you yellin’ at the freakin’ mirror again. I’ve been proven to be using emprical facts. You sir, have been proven to be a lying sack of sheeee-it, who is a troll. Now get back into your trailer, close the door, unplug your Obama-net cable, and STFU. TTYL.

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GrandTango March 7, 2015 at 8:49 am

LMAO…thanks for confirming who, and what, you are……

Bible Thumper March 6, 2015 at 5:59 pm

Also, there’s evidence that the government jobs report – which has been prone to manipulation in the past – grossly understated recent job losses in the energy sector.

I don’t believe it is politically motivated, but if the energy sector jobs are seasonally adjusted then many workers were already laid off for the winter. Some were also employed shutting down no longer profitable wells. These jobs will show up as lost jobs when they are not employed in the spring.

Also using New Census data, the BLS usually recalculated data back to the last Census year and update their own data for the last five years at the beginning of each year. Extraordinarily, due to a new “time series model” this year they updated data all the way back to January 1976 when the BLS first began calculating state and region data. They change SC first ever unemployment rate from 7.8% to 8.0%. Here is an excerpt from BLS “Technical Note”

In most years, historical data for the most recent 5 years (both seasonally adjusted and not seasonally adjusted) are revised near the beginning of each calendar year, prior to the release of January estimates. Though the labor force estimates typically are updated for 5 years, the population estimates are adjusted back to the decennial estimates base (April 2010). With the introduction of a new generation of times- series models in 2015, historical data were re-estimated back to January 1976… http://www.bls.gov/news.release/srgune.tn.htm

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FastEddy23 March 6, 2015 at 10:15 pm

Meaning those numbers are fudged just a bit by g’ment economists who can’t see beyond next Tuesday.

But these numbers in the article and the info you bring is a whole lot better than what the mean scream media usually spews.

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Bible Thumper March 6, 2015 at 10:41 pm

Two months of state employment data come out this month. January’s on the 17th and February’s on the 27th. January’s marks 4 years since Haley took office. Fitsnews hasn’t had an article about the monthly release since October. Also forth quarter personal income is released. When the news was bad, he did articles, but December was very good and he didn’t. I’ll comment; good or bad.

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GrandTango March 7, 2015 at 6:54 am

Just as the Democrat Party is imploding…w/ Obama signaling an executive order tax hike…FITS BLAMES the GOP…

Unless we have a revolution AGAINST a Corrupt media – then the courts- …thrashing the Democrats w/ the ballot is severely compromised…

This country is in a DEATH SPIRAL that can be averted if we elect REAL Republicans, who are fearless against its enemies (media and Democrats)…We must Take No Prisoners…

We’ve faced worse…but it is not a job for the timid, weak or unsure…

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Rocky March 7, 2015 at 7:52 am

Sorry the media doesn’t buy and repeat yuor BS. Too bad for you.

FastEddy23 March 9, 2015 at 1:33 pm

The real indicators about big g’ment getting bigger are over a decade long time frame.

Here in Taxifornia big state/county/city g’ment was already expanding in 2004, so the skew / fix was in. But still over 10 years, Taxifornia g’ment has grown more than 140% while actually population, even counting all of the illegals, has grown about 8% to 9%. … And that’s not counting the increases in fed employees! (Example: There are more Taxifornia state/county/city g’ment employees working on homeless questions than there are homeless.)

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idcydm March 6, 2015 at 6:24 pm

62.8%…$18 Trillion and counting, somebody’s getting something.

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SCBlues March 7, 2015 at 12:35 am

“62.8%…$18 Trillion and counting, somebody’s getting something”
LOL Ain’t that something – or somebody – or somewhere over the rainbow. What’d you say again now, idcydm?
Turn on some lights in the basement and everything will look brighter, baby – I promise!

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idcydm March 7, 2015 at 7:31 am

You just had to say something, couldn’t help yourself.

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SCBlues March 7, 2015 at 8:17 am

“You just had to say something, couldn’t help yourself.”
So, did you turn the lights on, baby?

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idcydm March 7, 2015 at 8:35 am

Speaking of lights, I know you have them on but is anybody home? A declining work force and increasing debt is “somewhere over the rainbow”…you must be prancing down the yellow brick road on a unicorn.

Have a good day, I’ll give you the last word, I’m off to the golf course.

johnq March 7, 2015 at 12:30 am

Ha, ha! Republicans are mad because despite their efforts to make Obama look bad by stalling the recovery from the Bush Depression he has side stepped them and made them look like fucking idiots. They have Congress and yet they couldn’t even pass a 3 week delay. Pelosi had to rescue Boehners drunk ass to get him a 1 week delay and then the Repukes caved and passed a clean bill. God I love it! Now get ready for republican spin as they try to make excuses for their utter ass whooping by Obama.

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GrandTango March 7, 2015 at 6:49 am

Pay your mortgage in Monopoly money Much? ….LMAO…

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johnq March 7, 2015 at 7:39 am

No mortgage, house is paid for.

How about you? Still paying down on that single wide?

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Rocky March 7, 2015 at 7:52 am

Winner – ding, ding, ding!

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GrandTango March 7, 2015 at 8:53 am

So bashing poorer people than you is now a tactic of the “compassionate” left…???

I though you elected Obama to help the poor, not attack them…You lying greedy, leftist piece of $#!t…

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Another one? March 7, 2015 at 9:01 am

You are a typing, bile spewing stereotype. Every newspaper & political blog has a commenter just like you and you all say the exact same things. Do you guys work together or are all you guys just independently this moronic.

GrandTango March 7, 2015 at 9:13 am

So you admit there is at least ONE person telling the truth about all the lies and Bull-$#!t you are ladling out, because you think people are as stupid as you are….

Just because Obama has rendered us less prosperous, does not mean we’re Dumb@$$#$ like Greedy B@$t@rd thieves like you, and Obama…

Another one? March 7, 2015 at 9:29 am

Me and my family are way better off now compared to 6 years ago. Just because things are dismal for you, does mean that’s true for everybody. Maybe you should spend more time looking for a job and less time typing dumb shit here? Actually, you appear to be here 24/7, so how would you even know what’s going on with the outside world? Never mind.

FastEddy23 March 7, 2015 at 9:42 am

We are happy for you. But if you are better off now, think how much better off you will be if you get a big tax cut, too!

GrandTango March 7, 2015 at 9:53 am

That’s BUll-$#!t unless he’s a criminal…

Another one? March 7, 2015 at 1:58 pm

Seriously. Why does every comment section across the country have a commenter or two who regurgitate the exact same nonsense as you? Is this a job? Do you do this on multiple comments sections? You must be doing pretty damn well. All you do is comment on this website. You don’t have a job that requires you to be away from an internet enabled device for more than 30mins, if you have one at all. Once again, if you are even a legit person, get away from the keyboard, get dressed, go outside, find a job and you’ll see things aren’t all doom and gloom.

GrandTango March 7, 2015 at 2:16 pm

I get sick of you F*#king liars…I don’t believe a F*#king word you say…You are so much in LOCKSTEP, and so trite, it’s easy to recognize……

Another one? March 7, 2015 at 6:23 pm

Why would I lie about having a job and a family? That’s like pretty much everybody I know. It’s not like I said I’m a millionaire married to an ex-stripper who’s now a lawyer. Man, your life must really be shit! If you’re even a “real” person.

GrandTango March 7, 2015 at 7:25 pm

Why do you do for a living?

GrandTango March 7, 2015 at 9:51 am

STFU..you Ignorant F*#king liar..

50 million people (20 million more) are on Food Stamps, under Obama…Insurance premiums have skyrocketed and the “insurance” is WORTHLESS…

Gas and HVAC costs an average family $6,000 more a year, for Obama’s SIX years…You lose and avg. of $40,000 to sell and single-ffamily home in SC. And the avg. household income is down AT LEAST $5,000 under Obama…

Peddle that S#!t elsewhere to F*#king idiot…the voters KNOW better, and they showed that on Nov. 4…..

Jack March 8, 2015 at 4:58 pm

Get a job. Get off Medicaid. i am tired of paying for your health care. Taker.

FastEddy23 March 7, 2015 at 9:39 am

Yes! We all work together. United We Stand against stupid, destructive Gruberment.

… Get over it.

FastEddy23 March 7, 2015 at 9:27 am

Yes, the “progressives” are on the attack … aiming at small business and the poor and the middle classes. Oh Bummer.

johnq March 8, 2015 at 9:55 am

Just you Big T, just you.

GrandTango March 8, 2015 at 10:23 am

So hate is OK against those who may not buy into your propaganda crusade……and your myths…???

At least you’re consistent w/ Obama. He hates just like you, based on skin color… Nice people…

SCBlues March 7, 2015 at 12:46 am

(Better Headline for Article)
FITSNEWS: WHICH END IS UP?
Same Old Regurgitated Shit Over and Over . . . . Again

(What the fuck will I have to write about once this nigger leaves the White House????)

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GrandTango March 7, 2015 at 6:48 am

The more and more it becomes apparent what a total F*#king Disaster the Obama presidency is: the more RACIST and defensive his stooges become…

You greedily gobbled all the regality after y’all handed him the office, based on NOTHING but race and ignorance….Now there is a REAL job to do…and he has FAILED worst than any…you S#!t all over yourself when it’s undeniable, and acknowledged how Obama is at president…

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SCBlues March 7, 2015 at 7:19 am

“The more and more it becomes apparent what a total . . . .”
What the fuck are you blabbering on about now, dipshit?

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Rocky March 7, 2015 at 7:56 am

Same crap out of his mouth, different day. I’ve seen drunks puking on King Street that spew more truth than Grand Tango.

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GrandTango March 7, 2015 at 8:53 am

Ignorant Much???

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RogueElephant March 7, 2015 at 9:13 am

The red line on the graph pretty much tells the story of the last eight years. The Dims took over congress in 07 and it has been down to level ever since. Liars can manipulate numbers all they want but the fact remains that till we get a pro business administration in Washington and undo the present mess it won’t change.

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GrandTango March 7, 2015 at 10:51 am

If you study 1930s NAZI Germany, Hitler lied profusely to the German people about what he was doing to the Jews…looks like Obama and the Democrats are taking pages from the Hitler playbook…

The data, and the facts, are UNDENIABLE R.E. It is a shame you have to fight just for the truth to surface from these Corrupt and indecent FAILURES…

And there are WAY too many average Dumb@$$#$ who believe their lies…and that’s not only sad..it’s DANGEROUS to the health of our nation…

When there is so much dishonesty about the Disaster of Democrat Rule…it makes it that much more difficult to fix it…and it desperately needs to be repaired…

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vicupstate March 7, 2015 at 11:53 am

Because the Baby Boomer generation has reached retirement age, there will be a drop in the employment participation rate, no matter how much the economy grows, for at leat another 15-20 years. Someone born at the start of that generation is now 4 years past full retirement age and seven years past early retirement age.

At the other end of the spectrum, more 18-24 year olds are in college than ever before, and thus not in the workforce yet.

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GrandTango March 7, 2015 at 9:45 am

The State newspaper reports in a giant headline today: “Obama, in Columbia, condemns Ferguson abuses”….

LMFAO….after Holder had to admit he, and Obama, are Gigantic F*#king LIARS about Ferguson abuses…

That’s how F*#king delusional the leftist Obamites are….and you’re going to believe the unemployment Bull-S#!t there are peddling…???…you would have to be a Big F*#king Dumb@$$…

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FastEddy23 March 7, 2015 at 9:17 pm

Big push on the tube for Big Labor … They must be reading these posts at Fox Snooze, trolling for a grabber.

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Ben_Kinlaw March 8, 2015 at 5:42 pm

There are several key metrics of our economy that we can compare to establish if we are making progress.
The metric listed in the article is average hourly earnings, is one of those key metrics, but we also have labor force participation rate, and the U6 unemployment rate.

Another key metric is the percent of population receiving SNAP benefits. This number has doubled from 2004 to 2013, from 10% to 20%. These numbers are under both a Republican and Democrat POTUS.
The role of government is to create “opportunity” and not dependence.

Reply

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