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In reply to the discussion: Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic [View all]progree
(10,901 posts)51. Lowest employment-to-population ratio in the history of the series (which goes back to 1948)
https://www.bls.gov/news.release/empsit.nr0.htm
Labor force participation rate:
. . . http://data.bls.gov/timeseries/LNS11300000
Employment to population ratio:
. . . http://data.bls.gov/timeseries/LNS12300000
. . . Lowest seems to be 54.9% in October 1949, until now (51.3%)
Of course the unemployment rate is also the lowest in the history of its series, also going back to 1948, but everyone knows that (Trump beats Reagan, the previous post-WWII record holder who peaked out at 10.8%):
The labor force participation rate decreased by 2.5 percentage points over the month to 60.2 percent, the lowest rate since January 1973 (when it was 60.0 percent). Total employment, as measured by the household survey, fell by 22.4 million to 133.4 million. The employment-population ratio, at 51.3 percent, dropped by 8.7 percentage points over the month. This is the lowest rate and largest over-the month decline in the history of the series (seasonally adjusted data are available back to January 1948). (See table A-1.)
Labor force participation rate:
. . . http://data.bls.gov/timeseries/LNS11300000
Employment to population ratio:
. . . http://data.bls.gov/timeseries/LNS12300000
. . . Lowest seems to be 54.9% in October 1949, until now (51.3%)
Of course the unemployment rate is also the lowest in the history of its series, also going back to 1948, but everyone knows that (Trump beats Reagan, the previous post-WWII record holder who peaked out at 10.8%):
In April, the unemployment rate increased by 10.3 percentage points to 14.7 percent. This is the highest rate and
the largest over-the-month increase in the history of the series (seasonally adjusted data are available back to
January 1948).
http://data.bls.gov/timeseries/LNS14000000
the largest over-the-month increase in the history of the series (seasonally adjusted data are available back to
January 1948).
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Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic [View all]
BumRushDaShow
May 2020
OP
I'm waiting for the usual crowd to start up with the "I don't trust the numbers" chant.
mahatmakanejeeves
May 2020
#6
It's fun, isn't it? I don't mean this month's numbers, but the constant hitting of
mahatmakanejeeves
May 2020
#13
"...brought employment to its lowest level since February 2011.." (?) Try June 1999, BLS.
sandensea
May 2020
#42
Looks right to me -- it's talking about the Establishment Survey's nonfarm payroll employment
progree
May 2020
#43
Which is funny, b/c they usually use the Population Survey as the metric for emp/unemp data
sandensea
May 2020
#47
The BLS always presented it this way -- the Establishment Survey data for the number of jobs, and
progree
May 2020
#48
I just gave it to you: The Statistical Abstract of the U.S. (as far back as you like)
sandensea
May 2020
#52
Then the survey size is of no importance? What the BLS reports on the sample size of the
progree
May 2020
#53
"When presidents crow about how "since taking office x million jobs have been created..."
progree
May 2020
#54
Interesting - the 2012 Statistical Abstract includes the Establishment Survey beginning
progree
May 2020
#56
And the DOW is up 300 points?!? They seeing a lot of good in 20M losing their jobs?
Bengus81
May 2020
#29
Yep....highest unemployment since the Great Depression but Wall St. says..eh,could have been worse!!
Bengus81
May 2020
#35
We've been reading all day Thursday that 33 million have filed unemployment claims, and the week
progree
May 2020
#34
Quick....tell investors that the BLS is looking at unemployment numbers of 35% in June
Bengus81
May 2020
#57
I agree, there will come a point when "horrible but not as bad as expected" no longer works n/t
progree
May 2020
#58
Coronavirus costs the U.S. 20.5 million jobs in April, unemployment soars to 14.7%
UpInArms
May 2020
#15
That will be the next data he will hide or modify to suit his reelection. They're not quite...
machoneman
May 2020
#20
Not as bad as expected, according to MarketWatch's 15 economists. S&P 500 up 1.19%, Dow up 1.36%
progree
May 2020
#28
Unemployment rate may be almost 5% higher than the reported 14.7%, says BLS in so many words:
progree
May 2020
#31
Here's the graph of the U-6 unemployment rate -- the broadest measure that BLS produces
progree
May 2020
#39
wait for Trump to accuse the BLS of being the dreaded "deep state" conspiracists and....
steve2470
May 2020
#40
"I will be the greatest jobs president that God has ever created," Trump, June 16th, 2015.
usregimechange
May 2020
#45