Total nonfarm Over-the-year Nov. 2010 Nov. 2011 employment employment change percent change 130108 million 131708 million 1600.0 mil 1.2%
Source: Department of Labor comparison
What is not reflect in this post but is a part of Labor stats, is that the private sector contributed 1.87 million to the 2011 total.
Of the 132 million people currently working (out of 153 million who want to work), 2.3 million are "part-timers."
The civilian labor force participation rate declined by 0.2 percentage point to 64.0 percent. The employment-population ratio, at 58.5 percent, changed little. (See table A-1.)
The only way a 64% figure of the civilian labor force "works," is if that force totals 206 million people. Our total population is a little over 312 million (4.7% of the World's population).
In the end, and as relates to the recent 8.6% unemployment report for November, 315,000 are the result of people giving up on job search and no longer counted into the month totals. This is a number given to us by the Department of Labor.
If Obama's government counted this circumstance into their reported totals, the
unemployment rate would be 8.8%
There are even more problems than this, but that will come with later reporting on this blog.
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