FAIL. Unemployment Rate Above 8.0% for 43rd Straight Month – 368,000 Drop Out of Workforce

Unemployment remains above 8.0%.
Lowest unemployment rate during Obama term was his first month in office.

Unemployment rate drops ONLY because more people quit looking for work.
368,000 Americans left the labor force.

This is devastating news for the Obama White House.
The AP reported:

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.

The unemployment rate fell to 8.1 percent from 8.3 percent in July, the Labor Department said Friday. But that was only because more people gave up looking for work. The government only counts people as unemployed if they are actively searching.

The government also said 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the beginning of the year, below 2011’s average of 153,000.

Dow Jones industrial futures, which had been up before the report, fell soon after it was released.

Heck of a job, Barry.

The youth unemployment rate for 18-29 year olds specifically for August 2012 is 12.7 percent (NSA).

Workforce participation rate for men 69.9% – lowest since 1948…

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  • Larkin

    And we all know that it’s a heck of a lot higher than that.

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  • bigkahuna

    Im shocked. You mean obamas soaring lies and grsnholms freakshow didnt create jobs ?

  • Granny

    “. . . fell to 8.1 from 8.3 percent” – until week after next or next month when they revise those figures upwards. AGAIN.

  • Eddie Baby

    So how many people dropped out of the workforce to get the unemployment rate to drop down to 8.1% from 8.3%? I know the 96k jobs shouldn’t put a dent in the unemployment rate. You know it will be down to 7.9% for October. Not that too many jobs will be added, but less people will be included in the workforce.

  • SoLongSong

    I HATE that the media will spin this in a positive light.

  • pjean

    368,000 decided to leave the job market. That’s pitiful. As a percentage of the population, fewer people are working than ever before. Four more years? Really?

  • Robodog7

    Those numbers are as phony as his Greek Columns were in 2008. They will gin up the numbers until they are down to 7.8% by Nov. 6th. There were fewer jobs created in August than in July, and yet the rate magically drops .2%?

    “Hey Rocky, watch me pull some numbers out of my arse.”

  • Granny

    Thirty year LOW in the Workforce participation rate! And the numbers for June and July were revised fairly drastically –

  • Robodog7

    They couldn’t release the real numbers the morning after Choombama’s big night, after all, this is the party of lies.

  • Granny

    Robodog7 – the numbers magically dropped because huge numbers of people left the work force and are no longer counted.

  • mg4us

    “Know this, America: Our problems can be solved,” he told thousands of delegates to the Democratic National Convention in Charlotte, N.C. “Our challenges can be met. The path we offer may be harder, but it leads to a better place. And I’m asking you to choose that future.”

    Yes Our Problems CAN BE SOLVED when we get rid of YOU
    Yes Our Problems CAN BE SOLVED when we Vote Romney/Ryan
    YES WE CAN choose that Future by VOTING R&R – – Romney/Ryan — Republ-I-CAN

    And You knew last Night the details of the Jobs Report you INCOMPETENT, INEPT POS:

    8.1% (really over 13%, , , ,And you and Clinton say Arithmetic)
    +96,000 new Jobs (which will be revised downward in a month or two like they usually do)
    FED SET TO PUMP (and devalue the dollar some more; Hello $5/gal gas)
    368,000 DROPPED OUT OF WORKFORCE (And soon You, Biden and your miscreant lot)

    HOPE Biden’s HISTORY’s HINGE hits you on the behind on your way out. . Time for CHANGE!

  • Joe Q

    #9, just pathetic.

    This failure pleaded for 4 more years last night. We would need 400 years under the failed policies of Obama.

    I stated last night that I had to wonder why Obama’s speech last night was so lame, flat and just plain bad. He knew what these numbers were and its like they almost took his wind away.

    Obama talks about the failed polices of the past with the GOP.


    Kick the loser out of office for the sake of America.

  • Robodog7


    I know, 368,000 people dropped out of the work force in August, any bets on how many end up on the Social Security Disablity rolls while the getting is good? Once Choombama is out of office it should be more difficult.

  • iamsaved

    Unemployment fell from 8.3% to 8.1%? I wonder if they used Gallup to poll that data. Gallup has become as suspect as the climate scare scientists after fudging their data to get their desired outcome.

  • bill mitchell

    Wow. Even MSNBC and CNN aren’t trying to spin these numbers. The verdict on both sites – terrible. Amazing how this happened a day after their convention ended to knock off any glow they might have enjoyed.

  • bill mitchell

    Wanna know why Intrade is such BS? Horrible jobs numbers this morning and no effect at all.

  • Joe Q

    The numers are worse that the 96K missing expectation and the 368K that just left the work force.

    The June and July numbers were adjusted down.

    But job reports for June and July were revised lower. The June count fell from 64,000 to 45,000, while July’s number came in at 141,000 from an originally reported 163,000.

    Spin that Obama.

    IMPO, i think we are going to see the needle move in the polls after bad Obama speech, Dems saying no to God and poor jobs numbers.

  • Jack

    How many will drop out of the work force next month to get the figure down to 7.9? I really thought the BLS would start manipulating the numbers about 4 months ago. Of course the jobs created number will be revised next week but the unemployment rate won’t change.

  • Granny

    #15 September 7, 2012 at 8:10 am
    iamsaved commented:

    Unemployment fell from 8.3% to 8.1%? I wonder if they used Gallup to poll that data. Gallup has become as suspect as the climate scare scientists after fudging their data to get their desired outcome.


    That is because the Obama Regime took them to the woodshed over polling data that wasn’t in TheWon’s favor and when they refused to change the way they did their polling to improve Obama’s numbers they almost immediately had the “Justice” Department threaten to file charges against them.

    So – Gallup is no longer to be believed at all. Fruit from a poisoned well. And it certainly begs the question “are the other pollsters, the ones who are favorable to TheBigZero, rigging their polls too to avoid a similar fate?”

  • bigL

    Oh no! it is not 96,000 jobs being crated, but IT IS the UNemployment rate being reduced by
    !!! 2 TENTHS!!! of a POINT. And According to the tv-ers “WE are ON our WAY”. this will be
    revised to 7.9 and the big Phonies on Wall Street will run the Dow up to 5 zillion in September.
    They gotta get their RED crack-pot back in because he is black and ,well yes, they are racists.
    Why would anyone with a brain and some dough watch these shows. (I do but I have no brain and nothing in the mkt)
    I just wish they would all wear their ‘Obama forever and President too” buttons on the sets.
    Of course as they get waivers thru the Union on Obama care, and have their $144,000 per year salary…(Why, Andrew doesn’t own a car…)what them worry….?

  • donh

    This means 368,000 more people will show up on Social Security ” disability ” in the October report.

  • mg4us

    Obama had FULL CONTROL of Government for TWO YEARS when DemocRATs Controlled both the HOUSE and SENATE – – a very rare opportunity (Dems also controlled HOUSE and Senate for last two Bush years and spent like crazy).

    but Obumma focused his time and energy taking over Healthcare
    and GM/Chrysler (instead of giving them loans like they did to Chrysler in late 70s under Lee Iacocca but even this wasn’t the reason for success)
    What saved Chrysler was a well managed BANKRUPTCY. . Like Romney advocated for GM!

    Obama was that empty Chair as Clint Eastwood showed us, playing more golf than any president prior or partying it up instead of working his butt off. . .

    And when in FULL CONTROL, never even reached across the aisle to REPUBLICANS. . .HE ignored them. . Didn’t even have their phone number. . Remember his famous line “They can come for the ride but they have to sit in the back (of the bus?)?”
    That was racist code for years of discrimination — payback. . Backwards not FORWARDS

    OBAMA is INCOMPETENT, INEPT, and INEXPERIENCED. . and radical too with all those Czars. .

    And now today’s Job report. . heading into a recession. . BIG TIME. . .


    Feel free to join the party of Resstore & Renew
    Time to Take OUR COUNTRY BACK!

    PS see ya at the debates. . .

  • lizzy84

    Romney reaction:

    If last night was the party, this morning is the hangover.
    For every net new job created, nearly four Americans gave up looking for work entirely.
    This is more of the same for middle class families who are suffering through the worst economic recovery since the Great Depression.
    After 43 straight months of unemployment above 8%, it is clear that President Obama just hasn’t lived up to his promises and his policies haven’t worked.
    We aren’t better off than they were four years ago.
    My plan for a stronger middle class will create 12 million new jobs by the end of my first term. America deserves new leadership that will get our economy moving again.”

  • Robodog7


    Sadly, none of that will reach the print version of the Washington Post.

  • Limousine Barry

    What’s wrong?

    Let me be clear, I have strangulated the energy sector! That way America will be horribly dependent on foreign oil! Gas prices will go much higher – thanks to me!

    This is good for me! American can finally pay back the huge to debt to my Arab donors who paid my way through college!

    I have cause unemployment to rise so high that everybody will be forced to get on Food Stamps or get on Disability to survive! Everyone will dependent upon the government! That means more votes for me!

    Yes, I will do my best to fly around in my Jumbo Jet to use up all the jet fuel. I will Limo around in my gas guzzler to gobble up what little gas is available.

    And, I will encourage my cronies to do like wise. I will ask white minority leader Nancy Pelosi to do the same!

    By the time I get done wrecking the American economy every California voter will be my slave. The same goes for the rest of the Tax payers!

    You did not build high gas prices and high unemployment! My Administration did!

    With my policies I will be able to hand out Food Stamps and filled-out absentee ballots to every Tom, Nancy and Harry Dick!

    My campaign stinks like a leaky rectum. But, Davy Axelrod has a new scam for my idiot California Donors. It’s a version To Train Rail to Hell. I cannot go into details at this time.

    Besides, Californians always votes for me. Why should they change? My campaign my stink like a skunk but after I bankrupt my California donors it will stink worse. Good day.

  • BurmaShave

    8.1? Pfft. Wait until the unemployment figure is quietly revised upward some time in the future, maybe after the election.

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  • Lightwave

    Game over.

    Labor force participation at a new three decade low: 63.5% and falling.

    “Curious why the unemployment rate dropped from 8.3% to 8.1%, even as just 96,000 jobs were added? The labor participation rate declined from 63.7% to 63.5%, the lowest since 1981. It means that somehow in August the labor force declined by 368,000 people, which is a paradox since according to the household survey 119,000 jobs were lost in August, yet at the same time the unemployment rate dropped. Remember: it is an election year.”

    We’ve been losing hundreds of thousands of full time jobs every month since Obamee took office. The real unemployment rate is now upwards of 20%. Counting the millions driven from the labor force and the underemployed, there are states where total unemployment is 30% now.

    There should be riots in the streets over jobs right now. America should be burning. When the Fed gravy train ends, the fire begins. If we don’t elect Romney and give him a GOP Congress with the express mission of eliminating trillions in spending IMMEDIATELY, America is done.

    Blood in the streets.

    It’s coming.

  • Militant conservative

    Never has ANY president been

    Re elected with an

    unemployment above 8%.

  • bigkahuna

    Obama’s final night at DNC was a perfect example of his Presidency.

    Hope : Hope to speak in 75,000 seat stadium but couldn’t fill the stadium. Empty suit in empty seatspeaking to empty souls.

    Change: to a 20,000 seat arena leaving a bunch of pissed off people who were bussed in( fake support)

    Wasted $millions on an empty stadium and then go lie to the people

  • mg4us

    His speech last night sounded like he knew it would be his last one. .

    Obama focused on his pole too much. . . or is it his rod. . .or his club. . .
    In he speech Obama told us I don’t look at my pole number all-day
    Joe Biden says he has “seen it.” (scary thought)

    What about Hillary?

    Obama jerks off while America suffers

    But I loved Biden’s act. .Nobody messes with America. . Nobody
    I fully agree. .that is why Obama needs to go. .he messed with America

    And what a mess he made!

  • L.E. Liesner

    Clint Eastwood was right, the chair is still empty! Talking about jobs while regulating them out of existence is the sum total of this administration.

  • bg
  • Patty

    Somehow, not sure how but watch this number. They will do anything to get this below 8% before election day.

  • Multitude

    Should Romney win, it is imperative that he immediately:

    1. clean house and fire the management and analysts involved with the production of these cooked economic numbers.

    2. have a transparent, real number reported that includes real unemployed folks that are now ruled out because they haven’t managed to find a job in over a year

    3. revise and report the actual rates incurred over the Obama Depression. if it’s 17% (which some models suggest), report it.

    4. pass a Sarbanes-Oxley for the Federal government. mandate each agency head approve and attest to the financial and statistical statements of their agency. require they pass audits to have any bonus compensation and for senior managers to keep their jobs.

    5. prosecute the crooks involved in the current manipulation scheme. heads will have to roll to send a message to these predominantly unionized, unaccountable bureaucrats that the people and their new President are the boss and require honesty, transparency and accountability.

    The nation’s books are cooked, its accountants crooked. Fire, replace and throw the crooks in jail.

  • Multitude


    There a headline we need to see. The number of Americans who gave up trying to find work in just the last 30 days was 386,000, roughly the size of Minneapolis (city proper, not MSA, source: ). To use a full MSA city, one could say Omaha Nebraska just gave up. No jobs. They’re all unemployed without a hope in the world.

    Under Obama, an entire city gave up hope for a job.

    In one month.

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  • Mad Hatter

    donh commented:

    “This means 368,000 more people will show up on Social Security ” disability ” in the October report.”

    I believe this means 368,000 more people will show up on Election Day and fire Obama.

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  • Rang!Rang!

    Does anyone who didn’t understand what Rush Limbaugh meant when he said, “I hope he fails,” do you understand what he meant now? 0bama gave himself a good solid B+ when previously asked about how he grades the job he is doing as president. He also said that he would have given himself an A if he could pass the 0bamacare Tax, so obviously he is succeeding on what he wanted to do. 0bama sees himself succeeding doing a grade-A job. Rush had hoped he failed for the opposite outcome, but 0bama succeeds = America failing.

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