re: 12 hours until December unemployment and jobs reports - guesses?

LINK

quote:

---

The unemployment rate declined from 7.0 percent to 6.7 percent in
December, while total nonfarm payroll employment edged up (+74,000),
the U.S. Bureau of Labor Statistics reported today.

---

How in the hell can unemployment rate drop .4% when you only added a miserable 74,000 jobs last month? Correct me if i'm wrong, but isn't that the lowest gain in employment since BO took office?

quote:

---

Among the major worker groups, the unemployment rates for adult men (6.3
percent) and whites (5.9 percent) declined in December. The rates for adult
women (6.0 percent), teenagers (20.2 percent), blacks (11.9 percent), and
Hispanics (8.3 percent) showed little change. The jobless rate for Asians
was 4.1 percent (not seasonally adjusted), down by 2.5 percentage points
over the year.

---

quote:

---

Among the unemployed, the number of job losers and persons who completed
temporary jobs decreased by 365,000 in December to 5.4 million. The number
of long-term unemployed (those jobless for 27 weeks or more), at 3.9
million, showed little change; these individuals accounted for 37.7 percent
of the unemployed.

---

quote:

---

The civilian labor force participation rate declined by 0.2 percentage
point to 62.8 percent in December, offsetting a change of the same
magnitude in November. In December, the employment-population ratio was
unchanged at 58.6 percent. The labor force participation rate declined by
0.8 percentage point over the year, while the employment-population ratio
was unchanged. (See table A-1.)

---

So participation rate declined, but everything else stayed the same. And yet unemployment decreased by .4%? These reports are utterly worthless now, because Obama and his goons will come spouting off how great the economy is, when in truth it is actually worse.

quote:

---

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) was essentially unchanged at
7.8 million in December. These individuals were working part time because
their hours had been cut back or because they were unable to find full-
time work.

---

quote:

---

In December, 2.4 million persons were marginally attached to the labor force,
little changed 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.

---

quote:

---

Total nonfarm payroll employment edged up in December (+74,000). In 2013,
job growth averaged 182,000 per month, about the same as in 2012 (+183,000
per month). In December, job gains occurred in retail trade and wholesale
trade, while employment declined in information.

---

quote:

---

The average workweek for all employees on private nonfarm payrolls edged
down by 0.1 hour to 34.4 hours in December. The manufacturing workweek
was unchanged, at 41.0 hours, and factory overtime edged up by 0.1 hour
to 3.5 hours. The average workweek for production and nonsupervisory
employees on private nonfarm payrolls edged down by 0.1 hour to 33.6 hours.

---