"First-time unemployment benefits claims rose by 10,000 to 379,000 in the week ending Saturday, the Bureau of Labor Statistics said Thursday. The department also revised the previous week's jump in claims from 368,000 to 369,000, which puts the two week total at 79,000 fresh claims for benefits.
The four-week rolling average of first-time unemployment benefits claims rose by 13,250 to 343,500. www.upi.com
Now compare that to NEW JOBS:´" Nonfarm payrolls increased by 148,000 workers last month, the Labor Department said on Tuesday. While the job count for August was raised, the employment gain in July was revised lower and was the weakest since June 2012."
Think about this.
So 379K people lost their jobs last week
but nonfarm payrolls only increased 148,000 for the month and unemployment went down? www.reuters.com
That is because the REAL number of people unemployed has actually INCREASED. "The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today by the Bureau of Labor Statistics." In September, it had an increase of 136,000 during the month.
In January 2009, when President Barack Obama took office, there were 80,507,000 Americans not in the labor force. Thus, the number of Americans not in the labor force has increased by 10,102,000 during Obama's presidency.
You stop counting people does not mean they are not still unemployed. And do not say it is retirees - the number people removed was 80% in the under 50 age group.
- See more at: cnsnews.com