A 7.9% unemployment rate was in the range of normal under Ford, Carter, Reagan, Bush Sr., and Obama, as can be seen in the charts, above and below the news release. The Pelosi-Democrat House Covid bill legalizes illegal workers during and for 90 Days post pandemic, which would undermine employment. The Republican Senate will block it and Pelosi will pretend that they hate American workers, whereas she clearly hates American workers and Americans, period. Sadly, she’s a dangerous fraud, and, frightenly, she is third in line to the Presidency.
Also acting against American workers is a judge from Pelosi’s fiefdom:
“A federal judge in California has blocked President Trump’s extremely effective ban against many of the largest companies in the country importing tens of thousands of foreign workers under H-1B and other employment-based visas” https://www.numbersusa.com/news/trump-visa-halt-partially-blocked-federal-judge
The new Pelosi-led US House Covid “Heroes” act still legalizes illegal workers during and for 90 Days post pandemic. 40 pages of the bill deals with immigrants. “House Democrats’ stimulus bill includes stimulus checks for illegal immigrants, protections from deportations” https://fxn.ws/36meTGE https://twitter.com/FAIRImmigration/status/1312022041256767493
And, “If enacted in its entirety, the Biden/Harris platform would potentially invite more than 50 million additional lawful and illegal immigrants into the country…” https://www.fairus.org/issue/amnesty/numbers-how-biden-harris-immigration-platform 50 million is a very low ball number because each new immigrant creates a potentially endless chain migration-exponential growth through kinship and marriage.
“Employment Situation Summary
Transmission of material in this news release is embargoed until USDL-20-1838
8:30 a.m. (ET) Friday, October 2, 2020
THE EMPLOYMENT SITUATION — SEPTEMBER 2020
Total nonfarm payroll employment rose by 661,000 in September, and the unemployment rate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today.
These improvements in the labor market reflect the continued resumption of economicactivity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month,mainly in state and local government education.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.
Household Survey Data
In September, the unemployment rate declined by 0.5 percentage point to 7.9 percent, and the number of unemployed persons fell by 1.0 million to 12.6 million. Both measures have declined for 5 consecutive months but are higher than in February, by 4.4 percentage points and 6.8 million, respectively. (See table A-1. For more information about how the household survey and its measures were affected by the coronavirus pandemic, see the box note at the end of this news release.)
Among the major worker groups, the unemployment rates declined in September for adult men (7.4 percent), adult women (7.7 percent), Whites (7.0 percent), and Asians (8.9 percent). The jobless rates for teenagers (15.9 percent), Blacks (12.1 percent),and Hispanics (10.3 percent) showed little change over the month. (See tables A-1, A-2, and A-3.)
Among the unemployed, the number of persons on temporary layoff decreased by 1.5 million in September to 4.6 million. This measure is down considerably from the high of 18.1 million in April but is 3.8 million higher than in February. In September, the number of permanent job losers increased by 345,000 to 3.8 million; this measure has risen by 2.5 million since February. The number of unemployed job leavers rose by 212,000 to 801,000 in September. (Job leavers are persons who quit or voluntarily left their previous job and immediately began looking for new employment.) (See table A-11.)
In September, the number of unemployed persons who were jobless less than 5 weeks increased by 271,000 to 2.6 million. The number of persons jobless 5 to 14 weeks decreased by 402,000 to 2.7 million, and the number of persons jobless 15 to 26 weeksfell by 1.6 million to 4.9 million. The number of long-term unemployed (those jobless for 27 weeks or more) increased by 781,000 to 2.4 million. (See table A-12.)
The labor force participation rate decreased by 0.3 percentage point to 61.4 percent in September and is 2.0 percentage points lower than in February. The employment-population ratio, at 56.6 percent, changed little over the month but is 4.5 percentagepoints lower than in February. (See table A-1.)
In September, the number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) declined by 1.3 million to 6.3 million, reflecting a decrease in the number of persons whose hours were cut due to slack work or business conditions. The number of involuntary part-time workers is 2.0 million higher than in February. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)
The number of persons not in the labor force who currently want a job, at 7.2 million, changed little in September; this measure is 2.3 million higher than in February. These individuals were not counted as unemployed because they were not actively looking for work during the last 4 weeks or were unavailable to take a job. (See table A-1.)
Among those not in the labor force who currently want a job, the number of persons marginally attached to the labor force, at 1.9 million, changed little in September. These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was 581,000 in September, also little changed from the previous month. (See Summary table A.)
Household Survey Supplemental Data
In September, 22.7 percent of employed persons teleworked because of the coronavirus pandemic, down from 24.3 percent in August. These data refer to employed persons who teleworked or worked at home for pay at some point in the last 4 weeks specifically because of the pandemic.
In September, 19.4 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic–that is, they did not workat all or worked fewer hours at some point in the last 4 weeks due to the pandemic. This measure is down from 24.2 million in August. Among those who reported in September that they were unable to work because of pandemic-related closures or lost business, 10.3 percent received at least some pay from their employer for the hours notworked.
About 4.5 million persons not in the labor force in September were prevented from looking for work due to the pandemic. This is down from 5.2 million in August. (To becounted as unemployed, by definition, individuals must either be actively looking forwork or on temporary layoff.)
These supplemental data come from questions added to the household survey beginning in May to help gauge the effects of the pandemic on the labor market. The data are not seasonally adjusted. Tables with estimates from the supplemental questions for all months are available online at http://www.bls.gov/cps/effects-of-the-coronavirus-covid-19-pandemic.htm.
Establishment Survey Data
Total nonfarm payroll employment rose by 661,000 in September, following larger gains in the prior 4 months. In September, nonfarm employment was below its February level by 10.7 million, or 7.0 percent. Notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment declined in government, mainly in state and local government education. (See table B-1. For more information about how the establishment survey and its measures were affected by the coronavirus pandemic, see the box note at the end of this news release.)
The change in total nonfarm payroll employment for July was revised up by 27,000, from +1,734,000 to +1,761,000, and the change for August was revised up by 118,000, from +1,371,000 to +1,489,000. With these revisions, employment in July and August combined was 145,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
The Employment Situation for October is scheduled to be released on Friday, November 6,
2020, at 8:30 a.m. (ET).
|More information is available at |
| http://www.bls.gov/covid19/employment-situation-covid19-faq-september-2020.htm. |
See more here: https://www.bls.gov/news.release/empsit.nr0.htm
As can be seen, the unemployment rate in ca 1982 to 1983 was worse than now.
“Billy Joel – Allentown (Official Video)”