Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
July 30, 2014

Reactions to the Jobs Report

Ben Casselman says this month’s jobs report was a very strange one.

“Start here: The number of jobs rose by 288,000, but the number of Americans who are employed fell by 73,000. How is that possible? The two numbers are based on separate surveys, one of businesses (which gives us the number of ‘nonfarm jobs’ added or lost each month) and one of households (which gives us the number of people who are employed and unemployed). Theoretically, it’s possible for one to rise and the other to fall, because one person can have multiple jobs. But more often, when the two surveys diverge, it’s the result of measurement error.”

“Then there’s that huge drop in the unemployment rate, the biggest since December 2010. The government only considers people unemployed if they’re actively looking for work, and 733,000 fewer people met that definition in April than in March. The biggest drop was among people joining the labor force to look for work (either restarting a previously abandoned job search or entering the labor force for the first time, such as after graduating from school). That’s hardly a sign of confidence.”

Vox: “The labor force participation rate fell in April by 0.4 percentage points, from 63.2 percent to 62.8 percent. That level matches a 35-year low, and it may signal very bad things for the economy — it might mean that Americans have stopped looking for work. So who is leaving? The jobs report provides a few clues. One of the most striking is that less-educated Americans’ participation rates fell, while people with degrees in fact participated more.”

  • PhilSimms97

    Much of the VOX article cited is based on the assumption that 800,000 or so people LEFT the labor market and that is a FALSE assumption….

    The commissioner of the Bureau of Labor Statistics, Erica Groshen, said:
    “Our analysis of the household survey suggests the labor force decline
    was mostly due to fewer people entering the labor force than usual,
    rather than more people exiting the labor force.”

  • YONATAN C

    The Republican party has done a huge disservice to itself, for taking the position against the unemployment extension bill in the senate. With 2.6 Million angry potential voters having been affected by their refusal to pass the bill; the coming election will prove to be the Republican’s downfall. These families were left hung out to dry since late last December, and they will not forget the anguish that they have suffered because of it. Many of these families have become ruined financially, they have witnessed their credit being destroyed, they have faced evictions, home foreclosures, personal bankruptcy, and homelessness. How can they not forget which party was at fault for this? The Republicans have been using these families for political leverage, and bargaining chips, to further their party’s political agenda. They have shown their party’s true distain for the Average American family, and the suffering that these families have been going through being jobless without benefits to support their children. Senators like John Boehner are what makes the Republican party look bad in the people’s eyes. As a “FORMER” Republican of many years, I can honestly say that I will NEVER vote for another Republican again, and actively persuade my friends and family not to likewise. The Republican party will find itself VOTED OUT in the next election.

Sign In

Forgot password?

Or

Subscribe

Receive daily coverage of the people, politics and personality of Capitol Hill.

Subscription | Free Trial

Logging you in. One moment, please...