Research

The Employment Situation: “Soft. Tepid. Blech. Meh.”

“Soft. Tepid. Blech. Meh. Choose Your Non-Inspiring Adjective, Possibly In Yiddish, And It Nicely Describes The Long-Awaited September Jobs Report.” (Neil Irwin, “The Jobs Report Was Totally Blech. And It May Get Worse,” The Washington Post’s WonkBlog, 10/22/13)

  • “It Is Far Short Of The Kind Of Robust Jobs Recovery That Americans Have Been Waiting For These Last Four Long Years.” “It wasn’t terrible by any stretch — the nation added 148,000 jobs, and the unemployment rate edged down a tenth of a percent to 7.2 percent. But it is far short of the kind of robust jobs recovery that Americans have been waiting for these last four long years.” (Neil Irwin, “The Jobs Report Was Totally Blech. And It May Get Worse,” The Washington Post’s WonkBlog, 10/22/13)

The September Jobs Report Shows “The Economic Recovery Continues To Be Sluggish.” “A new jobs report released on Tuesday showed the economic recovery continues to be sluggish and many economists warn that the constant fiscal fights in Washington only threaten to make the situation worse.” (Kevin Cirilli, “Jobs Report Misses Expectations,” Politico, 10/22/13)

“The Report Fell Short Of Expectations.” “The U.S. economy added 148,000 jobs in September while the unemployment rate dropped slightly to 7.2 percent, federal economists reported Tuesday. The report fell short of expectations — economist surveyed by Bloomberg had estimated the number of jobs added would come in at 185,000.” (Kevin Cirilli, “Jobs Report Misses Expectations,” Politico, 10/22/13)

  • Moody’s Analytics’ Mark Zandi Called It A “Soft Report.” “‘It’s a soft report,’ Mark Zandi of Moody’s Analytics’ said on CNBC. ‘The worrisome thing is this is September – this is before the shutdown effects and the brinkmanship effects and it feels like we’re going into [October] with not a lot of momentum.’” (Kevin Cirilli, “Jobs Report Misses Expectations,” Politico, 10/22/13)

The Unemployment Rate Has Fallen “Mostly From Workers Leaving The Labor Force.” “Since June, the jobless rate has fallen by four-tenths of a percentage point, but this is mostly from workers leaving the labor force. The labor participation rate continued to hover around a 35-year low last month.” (Vicki Needham, “Economy Adds 149K Jobs; Unemployment Falls To 7.2 Percent,” The Hill’s On The Money, 10/22/13)

After Nearly Five Years Of Obama’s Economic Policies, Americans Are Still Struggling With Tepid Job Growth

The September Labor Force Participation Rate Remained The Same At 63.2 Percent. (Bureau Of Labor Statistics, Accessed 10/22/13)

  • The Last Time The Labor Force Participation Rate Was This Low Was August Of 1978. (Bureau Of Labor Statistics, Accessed 10/22/13)

The September Unemployment Rate Is 7.2 Percent. (Bureau Of Labor Statistics, Accessed 10/22/13)

  • The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Is 13.6 Percent. (Bureau Of Labor Statistics, Accessed 10/22/13)

21.5 Million Americans Are Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 10/22/13)

The Number Of Workers Working Part-Time For Economic Reasons Is 7.9 Million. (Bureau Of Labor Statistics, Accessed 10/22/13)

  • In September, The Number Of Workers Working Part-Time For Economic Reasons Increased By 15,000. (Bureau Of Labor Statistics, Accessed 10/22/13)
  • There Are Currently 852,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 10/22/13)

Since Obama Took Office, The African American Unemployment Has Increased From 12.7 Percent To 12.9 Percent. (Bureau Of Labor Statistics, Accessed 10/22/13)

Since Obama Took Office, The Average Duration Of Unemployment Has Nearly Doubled From 19.8 Weeks To 36.9 Weeks. (Bureau Of Labor Statistics, Accessed 10/22/13)

Since Obama Took Office, The Nation Has Lost 728,000 Construction Jobs.  (Bureau Of Labor Statistics, Accessed 10/22/13)