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February: 223,000 More Unemployed Individuals

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February: 223,000 More Unemployed Individuals

March 7, 2014 - 9:36 AM

By Ali Meyer


(CNSNews.com) -- The number of unemployed individuals 16 years and over increased by 223,000 in February, according to the Bureau of Labor Statistics (BLS).


In February, there were 10,459,000 unemployed individuals age 16 and over, which was up 223,000 from January, when there were 10,236,000 unemployed individuals.


In addition, according to the BLS, there were 91,361,000 Americans, 16 or older, who did not participate in the nation’s labor force in February, meaning they neither held a job nor actively sought one.


That brought the national labor force participation rate to 63%, which matched January's participation rate.


In February, according to BLS, the nation’s civilian non-institutional population -- all people 16 or older who were not in the military or an institution -- hit 247,085,000. Among those people, 155,724,000 participated in the labor force by either holding a job or actively seeking one.


The 155,724,000 who participated in the labor force in February equaled only 63% of the 247,085,000 civilian non-institutional population.


For the same 155,724,000 who participated in the labor force, 145,266,000 had a job and 10,459,000 did not have a job but were actively seeking one, making them the nation’s unemployed.


The 10,459,000 job seekers were 6.7 percent of the 155,724,000 actively participating in the labor force during the month. Thus, the unemployment rate was 6.7 percent.


In February, the 145,266,000 people actually employed in the United States was 890,000 less than the 146,156,000 employed six years ago in February 2008.



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Nonfarm Payrolls +175,000, Household Survey +42,000; Unemployment Rate 6.7%

Initial Reaction


Nonfarm Payrolls rose by 175,000 vs. a Bloomberg consensus expectation of 150,000.

The employment change for December 2013 was revised up by 9,000 (from +75,000 to +84,000), and the employment change for January 2014 was revised up by 16,000 (from +113,000 to +129,000). The overall effect was a modest two-month upward revision of +25,000.

Beneath the surface, things look worse again. The household survey shows a gain of employment of only 42,000 while unemployment rose by 223,000.


February BLS Jobs Statistics at a Glance


Nonfarm Payroll: +175,000 - Establishment Survey
Employment: +42,000 - Household Survey
Unemployment: +223,000 - Household Survey
Involuntary Part-Time Work: -71,000 - Household Survey
Voluntary Part-Time Work: -138,000 - Household Survey
Baseline Unemployment Rate: +0.1 to 6.7% - Household Survey
U-6 unemployment: -0.1 to 12.6% - Household Survey
Civilian Non-institutional Population: +170,000
Civilian Labor Force: +264,000 - Household Survey
Not in Labor Force: -94,000 - Household Survey
Participation Rate: +0.0 at 63.0 - Household Survey


Additional Notes About the Unemployment Rate


The unemployment rate varies in accordance with the Household Survey, not the reported headline jobs number, and not in accordance with the weekly claims data.

In the past year the population rose by 2,257,000.
In the last year the labor force fell by 213,000.
In the last year, those "not" in the labor force rose by 2,253,000
Over the course of the last year, the number of people employed rose by 2,044,000 (an average of 170,333 a month)

The population rose by over 2 million, but the labor force fell by over 200,000. People dropping out of the work force accounts for much of the declining unemployment rate.


Read more at http://globaleconomicanalysis.blogspot.com/2014/03/nonfarm-payrolls-175000-household.html#gKVQPGf5DgCkJ3Z1.99

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The only thing you're interested in "stimulating" is ACORN, the DNC, the NAACP, public unions, the Sierra Club, and Organizing for Action.



FUCK YOU and your thieving ways, you imbecilic democrats (redundant).

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You get nothing. You had the American Recovery and Reinvestment Act in 2009 thanks to Obama.


It was the biggest stimulus in history and you wasted it. Why should you be given any more to waste?


You already have the federal reserve printing $75 billion every month out of thin air, something never done before.


You are fuck ups. No need to give you more hard earned money from people who still work for a living.


Stop ruining our country, our creditworthiness and our currency for your bleeding heart bullschit.

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you know that not true. nice try try again.

Yet nothing to stimulate the economy from republicans. but they will sure cry about it.



...they did not win the elections in 2012, you moron!!!! YOUR boy did... NO jobs?? Your an idiot!

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