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From: Moi (h75.180.72.24.cable.angl.cablerocket.net)
Subject:         Re: "and now half the country is out looking for work"
Date: February 10, 2008 at 7:52 pm PST

In Reply to: Re: posted by anonymous on January 31, 2008 at 11:36 am:

And here is the real report:


Technical information:
Household data: (202) 691-6378 USDL 08-0130
http://www.bls.gov/cps/

Establishment data: (202) 691-6555 Transmission of material in this release
http://www.bls.gov/ces/ is embargoed until 8:30 A.M. (EST),
Media contact: (202) 691-5902 Friday, February 1, 2008.


THE EMPLOYMENT SITUATION: JANUARY 2008

Both nonfarm payroll employment, at 138.1 million, and the unemployment rate,
at 4.9 percent, were essentially unchanged in January, the Bureau of Labor Sta-
tistics of the U.S. Department of Labor reported today. The small January move-
ment in nonfarm payroll employment (-17,000) reflected declines in construction
and manufacturing and job growth in health care. Average hourly earnings rose
by 4 cents, or 0.2 percent, over the month.

Unemployment (Household Survey Data)

The number of unemployed persons (7.6 million) and the unemployment rate
(4.9 percent) were essentially unchanged in January. Over the month, the unem-
ployment rates for all major worker groups--adult men (4.4 percent), adult women
(4.2 percent), teenagers (18.0 percent), whites (4.4 percent), blacks (9.2 per-
cent), and Hispanics (6.3 percent)--showed little or no change. The unemployment
rate for Asians was 3.2 percent, not seasonally adjusted. (See tables A-1, A-2,
and A-3.)

Total Employment and the Labor Force (Household Survey Data)

Total employment and the employment-population ratio edged up in January after
accounting for the annual adjustment to the population controls. The civilian
labor force also rose when adjustment is made to account for the effect of pop-
ulation control changes. The labor force participation rate (66.1 percent) was
about the same as in December. (See tables A-1 and D.)

Persons Not in the Labor Force (Household Survey Data)

About 1.7 million persons (not seasonally adjusted) were marginally attached to
the labor force in January, up from about 1.6 million a year earlier. These indivi-
duals 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. Among the marginally attached, there
were 467,000 discouraged workers in January, about the same as a year earlier. Dis-
couraged workers were not currently looking for work specifically because they be-
lieved no jobs were available for them. The other 1.3 million persons marginally
attached to the labor force in January had not searched for work in the 4 weeks pre-
ceding the survey for reasons such as school attendance or family responsibilities.
(See table A-13.)

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