TW3 & fotografia la dolce vita

verum honorem

Posts tagged jobs

0 notes &

Government ‘Green Job’ Listings…

And a partridge in a pear tree…

6666666666666666666666666666

Senior U.S. Labor Department officials revealed that the Obama administration counts oil lobbyists, bus drivers, garbage men, bicycle shop employees and used-record store clerks as ‘green jobs.’ The exchange occurred between Issa, Bureau of Labor Statistics Acting Commissioner Josh Galvin and Assistant Secretary for Employment and Training Jane Oates at the “Addressing Concerns about the Integrity of the U.S. Department of Labor’s Jobs Reporting” hearing Wednesday in Washington.”


Filed under gree jobs green jobs

0 notes &

The January Jobs Are Statistical Artifacts Last Friday the US Bureau of Labor Statistics reported that in the first month of this new year 243,000 jobs were created and the unemployment rate (U.3) fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model produce nonexistent employment. The unadjusted data show a rise in the unemployment rate. The birth/death model, which estimates the net effect of jobs lost from business failures and jobs created by new start-ups was designed for a normal growing economy, not for a prolonged downturn four years old. Statistician John Williams (shadowstats.com) reports that the BLS adds 48,000 new jobs per month to the payroll employment report based on the birth/death model even though the economy has not come out of the deep recession. In other words, over the course of a year, the birth/death model adds about 580,000 jobs to the reported jobs numbers. End of year benchmark revisions quietly take the nonexistent jobs out of the totals, but these revisions do not receive headlines and pass largely unnoticed. The reported January jobs gains are contradicted by other official reports. For example, the January payroll jobs report shows 50,000 new jobs in manufacturing, but according to the recently released 4th quarter GDP, 81% of the reported growth consisted of undesired inventory accumulation. Normally, companies produce for sales not for inventories. Why would manufacturers be hiring people to produce goods for undesired inventories? The leisure, waitresses and bartender employment numbers seen high for January. Perhaps it was an excellent ski month in the US. However, accommodation (hotels) does not support this conclusion as accommodation lost 3,900 jobs. The BLS reports 21,000 new jobs in construction. However, the housing report says that housing starts dropped more than forecast in December, falling 4.1 percent. Why does it take more construction workers to produce fewer houses? Building permits, a proxy for future construction, were little changed. much more„, http://www.paulcraigroberts.org/2012/02/06/the-january-jobs-are-statistical-artifacts/

The January Jobs Are Statistical Artifacts

Last Friday the US Bureau of Labor Statistics reported that in the first month of this new year 243,000 jobs were created and the unemployment rate (U.3) fell to 8.3 percent. This good news is a mirage. It is due to faulty seasonal adjustments and to the BLS birth/death model. In a prolonged downturn, seasonal adjustments and the birth/death model produce nonexistent employment.

The unadjusted data show a rise in the unemployment rate. The birth/death model, which estimates the net effect of jobs lost from business failures and jobs created by new start-ups was designed for a normal growing economy, not for a prolonged downturn four years old. Statistician John Williams (shadowstats.com) reports that the BLS adds 48,000 new jobs per month to the payroll employment report based on the birth/death model even though the economy has not come out of the deep recession. In other words, over the course of a year, the birth/death model adds about 580,000 jobs to the reported jobs numbers. End of year benchmark revisions quietly take the nonexistent jobs out of the totals, but these revisions do not receive headlines and pass largely unnoticed.

The reported January jobs gains are contradicted by other official reports. For example, the January payroll jobs report shows 50,000 new jobs in manufacturing, but according to the recently released 4th quarter GDP, 81% of the reported growth consisted of undesired inventory accumulation. Normally, companies produce for sales not for inventories. Why would manufacturers be hiring people to produce goods for undesired inventories?

The leisure, waitresses and bartender employment numbers seen high for January. Perhaps it was an excellent ski month in the US. However, accommodation (hotels) does not support this conclusion as accommodation lost 3,900 jobs.

The BLS reports 21,000 new jobs in construction. However, the housing report says that housing starts dropped more than forecast in December, falling 4.1 percent. Why does it take more construction workers to produce fewer houses? Building permits, a proxy for future construction, were little changed.

much more„,

http://www.paulcraigroberts.org/2012/02/06/the-january-jobs-are-statistical-artifacts/

Filed under jobs artifacts US Bureau of Labor Statistic reports don't match

39 notes &

Army slashing 8,700 jobs as budget cuts begin With deeper budget cuts looming, the Pentagon is starting to cut back by trimming the Defense Department’s civilian workforce. The Army said Thursday it is moving forward with plans announced in July to cut about 8,700 positions, using a mix of early retirement offers, buyouts and attrition to trim the jobs by the end of the fiscal year in late September. “Army commands and agencies are continuing to take necessary actions to reduce their civilian on-board strength to meet funded targets established by the secretary of defense and reflected in the President’s budget,” Thomas R. Lamont, assistant secretary of the Army for manpower and reserve affairs, said in a statement. “To the maximum extent possible, the Army will rely on voluntary departures to achieve these manpower reductions.” The cuts will come in 37 states at 70 different locations across eight commands and agencies with nearly 90 percent of the cuts taking place within the Installation Management Command, Army Materiel Command and the Training and Doctrine Command. Most of the cuts are likely to occur in Virginia and Texas, where most of the DOD’s civilian workers are located. more… http://www.washingtonpost.com/blogs/federal-eye/post/army-slashing-8700-jobs-as-budget-cuts-begin/2011/12/08/gIQAOWRxhO_blog.html?tid=sm_twitter_washingtonpost

Army slashing 8,700 jobs as budget cuts begin

With deeper budget cuts looming, the Pentagon is starting to cut back by trimming the Defense Department’s civilian workforce.

The Army said Thursday it is moving forward with plans announced in July to cut about 8,700 positions, using a mix of early retirement offers, buyouts and attrition to trim the jobs by the end of the fiscal year in late September.

“Army commands and agencies are continuing to take necessary actions to reduce their civilian on-board strength to meet funded targets established by the secretary of defense and reflected in the President’s budget,” Thomas R. Lamont, assistant secretary of the Army for manpower and reserve affairs, said in a statement. “To the maximum extent possible, the Army will rely on voluntary departures to achieve these manpower reductions.”

The cuts will come in 37 states at 70 different locations across eight commands and agencies with nearly 90 percent of the cuts taking place within the Installation Management Command, Army Materiel Command and the Training and Doctrine Command. Most of the cuts are likely to occur in Virginia and Texas, where most of the DOD’s civilian workers are located.

more…

http://www.washingtonpost.com/blogs/federal-eye/post/army-slashing-8700-jobs-as-budget-cuts-begin/2011/12/08/gIQAOWRxhO_blog.html?tid=sm_twitter_washingtonpost

Filed under slashing 8700 jobs budget cuts Virginia Texas

free counters
Free counters