July posts second successive month of breadwinner job losses
Since there appears to be significant misunderstanding regarding July's BLS Employment Situation Report, it might be helpful to post more wide-ranging demographic results to paint a more reflective picture. What journalists regurgitating Labor Secretary Thomas Perez' release material have missed, or somehow overlooked, were glaring red flags which showed breadwinner jobs for adults between 20 and 64 were lost for a second successive month in striking numbers.
For those who don't parse the reports monthly, the 13 months from January 2015 through January 2016 reported five months of job losses on CPS Household Data counts, which equaled months of losses during the same period in 2008-2009. So the current Administration's 2016 results needed to show that worrisome repeat of early recession figures was aberrant and not what 94,333,000 not in labor force have felt and believe is an unending recession.
Let's get real here. Pretending we're experiencing some sort of impressive recovery is just that, and absurdly insulting to millions of disenfranchised Americans hoping beyond hope for a return to self-sufficiency. The unemployment rate is deceptively understated for an Administration that promised transparency, among other things, to gain Office. Not only have some of the nation's most respected CEOs said as much, former BLS Commissioner Keith Hall, whose appointment ended in January 2012, called the Labor Department's BLS figures "deeply flawed" in the months leading up to the last presidential election when unprecedented drops in unemployment miraculously appeared during the late summer to fall months.
Shame on the analysts who ignored who got the jobs after May and June's ugly jobs reports, according to CPS figures drawn from about 55,000 strategically selected households said to be representative of the employment picture nationwide. In May, the Household Data showed a woeful 26,000 jobs added on the seasonally adjusted figures, followed by a dismal 67,000 increase in June.
While July's numbers look better on the surface, most understand by now a few select figures from the 550 CPS metrics reported for demographics broken down by age, education, race and ethnicity can be deceiving. The quality of jobs matters, and ignoring who's gained jobs is the height of ignorance. Jonathon Gruber described these Obama apologists accurately, if less than kindly.
Of the reported 420,000 seasonally adjusted jobs added according to the Household Survey, which came in at 437,000 on July's not seasonally adjusted figures, 492,000 went to teens age 16 to 19. Household Data Table A-9 showed 214,000 of those going to 16 to 17 year olds, while 278,000 more went to 18 to 19 year olds on the month. For those following along, that meant adults age 20 and above lost jobs across July. Since well over a million jobs gained by teens 16 to 19 in June easily exceeded the BLS' total count for the month at 1,058,000, breadwinner jobs for adults with post-secondary credentials have all but vanished since early spring.
The celebration of a seemingly healthy 255,000 jobs gained in July by the liberal media reporting Thomas Perez' Current Employment Statistics (CES) release figure seven months into the President's final year in Office seemed eerily similar.
Overlooked by self-proclaimed economists and media pundits was an abysmal 1,030,000 drop in the CES total nonfarm count on the actual, not seasonally adjusted figure. When responses for the week including the 12th of the month were gathered beginning Monday July 18th, June's reported total nonfarm count of 145,215,000 had slipped more than a million to 144,185,000, according to Establishment Data Table B-1. What did Obama's appointed Labor Secretary, Thomas Perez, report for the liberal media whose decade-long crush over the President would cause American teens to blush? The seasonally adjusted version suggesting 255,000 jobs added to total nonfarm counts was celebrated far and wide, especially after the ugly May and June figures showed just 26.000, followed by 67,000, according to Current Population Survey (CPS) Household Data counts on Table A-1.
Unfortunately, prospects for Americans in search of jobs dim as more demographic data is considered, instead of relying upon just a few regurgitated figures from reports written by information officers creating rosy release materials for the Obama regime.
For those interested in who's spiked the ranks of the employed seven months into 2016, since whether Americans are finding legitimate breadwinner jobs in sufficient numbers is what most are concerned about, a remarkable 1,550,000 jobs have been gained by teens age 16 to 19 during 2016. Of the 1.55 million, the skew slightly favors 16 to 17 year olds with 794,000 jobs gained, while 18 to 19 year olds grew in number by 756,000. The next most successful demographic for gaining entry to the workforce was 20 to 24 year olds, who claimed another 737,000 jobs since January. In spite of making up a sizable percentage of the 4.8 million higher education graduates in May 2016, the Digest of Education Statistics shows similar numbers with only modest growth for early 20's representation on college campuses this fall.
On the other end of the scale, super seniors age 65 and above have taken 396,000 more jobs to hike their ranks amongst the employed. During the three-month stretch from February through April, super seniors bested all age-based demographics counted by the BLS with 489,000 jobs added.
While teens alone appear to have outgained the Labor Department's estimated job growth for the first seven months of the year, including the 65+ age group who, like teens, aren't taking breadwinner jobs, absolutely obliterates all jobs added for the year. Working age Americans between 20 and 64 who've completed their education but haven't reached retirement age have lost hundreds of thousands of jobs across 2016, thus far. And that's the primary group that's spiked the NiLF about 14 million to 94,333,000 under Obama's phantom recovery tens of millions know is nothing of the kind.
For those who don't parse the reports monthly, the 13 months from January 2015 through January 2016 reported five months of job losses on CPS Household Data counts, which equaled months of losses during the same period in 2008-2009. So the current Administration's 2016 results needed to show that worrisome repeat of early recession figures was aberrant and not what 94,333,000 not in labor force have felt and believe is an unending recession.
Let's get real here. Pretending we're experiencing some sort of impressive recovery is just that, and absurdly insulting to millions of disenfranchised Americans hoping beyond hope for a return to self-sufficiency. The unemployment rate is deceptively understated for an Administration that promised transparency, among other things, to gain Office. Not only have some of the nation's most respected CEOs said as much, former BLS Commissioner Keith Hall, whose appointment ended in January 2012, called the Labor Department's BLS figures "deeply flawed" in the months leading up to the last presidential election when unprecedented drops in unemployment miraculously appeared during the late summer to fall months.
Shame on the analysts who ignored who got the jobs after May and June's ugly jobs reports, according to CPS figures drawn from about 55,000 strategically selected households said to be representative of the employment picture nationwide. In May, the Household Data showed a woeful 26,000 jobs added on the seasonally adjusted figures, followed by a dismal 67,000 increase in June.
While July's numbers look better on the surface, most understand by now a few select figures from the 550 CPS metrics reported for demographics broken down by age, education, race and ethnicity can be deceiving. The quality of jobs matters, and ignoring who's gained jobs is the height of ignorance. Jonathon Gruber described these Obama apologists accurately, if less than kindly.
Of the reported 420,000 seasonally adjusted jobs added according to the Household Survey, which came in at 437,000 on July's not seasonally adjusted figures, 492,000 went to teens age 16 to 19. Household Data Table A-9 showed 214,000 of those going to 16 to 17 year olds, while 278,000 more went to 18 to 19 year olds on the month. For those following along, that meant adults age 20 and above lost jobs across July. Since well over a million jobs gained by teens 16 to 19 in June easily exceeded the BLS' total count for the month at 1,058,000, breadwinner jobs for adults with post-secondary credentials have all but vanished since early spring.
The celebration of a seemingly healthy 255,000 jobs gained in July by the liberal media reporting Thomas Perez' Current Employment Statistics (CES) release figure seven months into the President's final year in Office seemed eerily similar.
Overlooked by self-proclaimed economists and media pundits was an abysmal 1,030,000 drop in the CES total nonfarm count on the actual, not seasonally adjusted figure. When responses for the week including the 12th of the month were gathered beginning Monday July 18th, June's reported total nonfarm count of 145,215,000 had slipped more than a million to 144,185,000, according to Establishment Data Table B-1. What did Obama's appointed Labor Secretary, Thomas Perez, report for the liberal media whose decade-long crush over the President would cause American teens to blush? The seasonally adjusted version suggesting 255,000 jobs added to total nonfarm counts was celebrated far and wide, especially after the ugly May and June figures showed just 26.000, followed by 67,000, according to Current Population Survey (CPS) Household Data counts on Table A-1.
Unfortunately, prospects for Americans in search of jobs dim as more demographic data is considered, instead of relying upon just a few regurgitated figures from reports written by information officers creating rosy release materials for the Obama regime.
For those interested in who's spiked the ranks of the employed seven months into 2016, since whether Americans are finding legitimate breadwinner jobs in sufficient numbers is what most are concerned about, a remarkable 1,550,000 jobs have been gained by teens age 16 to 19 during 2016. Of the 1.55 million, the skew slightly favors 16 to 17 year olds with 794,000 jobs gained, while 18 to 19 year olds grew in number by 756,000. The next most successful demographic for gaining entry to the workforce was 20 to 24 year olds, who claimed another 737,000 jobs since January. In spite of making up a sizable percentage of the 4.8 million higher education graduates in May 2016, the Digest of Education Statistics shows similar numbers with only modest growth for early 20's representation on college campuses this fall.
On the other end of the scale, super seniors age 65 and above have taken 396,000 more jobs to hike their ranks amongst the employed. During the three-month stretch from February through April, super seniors bested all age-based demographics counted by the BLS with 489,000 jobs added.
While teens alone appear to have outgained the Labor Department's estimated job growth for the first seven months of the year, including the 65+ age group who, like teens, aren't taking breadwinner jobs, absolutely obliterates all jobs added for the year. Working age Americans between 20 and 64 who've completed their education but haven't reached retirement age have lost hundreds of thousands of jobs across 2016, thus far. And that's the primary group that's spiked the NiLF about 14 million to 94,333,000 under Obama's phantom recovery tens of millions know is nothing of the kind.
