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Unemployment Rate Plummets to 4.3%

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Unemployment Rate Plummets to 4.3%--For Government Workers

By Terence P. Jeffrey
October 5, 2012

(CNSNews.com) - The best news anywhere in the U.S. economy over the past three months has been in the government sector, where unemployment has dropped dramatically from 5.7 percent in July to 5.1 percent in August to 4.3 percent in September, according to the Bureau of Labor Statistics.

Both the federal and state governments increased their employees in July, August and September.

The Obama administration has added 10,000 civilian workers to the federal government's payroll since July, according to BLS. In that month, the federal government employed 2,804,000 civilian workers. In August, that increased to 2,810,000. And, in September, the number of civilian federal employees increased again to 2,814,000.

The BLS's count of civilian federal employees does not include members of the military or individuals who work for certain intelligence gathering agencies, including the Central Intelligence Agency and the NSA.

The Obama administration has been able to accomplish a net increase in federal employees over the past three months even while the U.S. Postal Service--whose employees are considered part of the federal workforce--eliminated jobs and decreased its payroll. In July, according to BLS, the Postal Service employed 610,000 people. In August, that declined to 609,900, and in September that declined to 606,900.

State governments have added a net of 17,000 new workers to their taxpayer-funded payrolls over the past three months. In July, state government around the nation employed 5,052,000 people. In August, that climbed to 5,056,000, and in September it climbed again to 5,069,000.


http://cnsnews.com/news/article/unemployment-rate-plummets-43-government-workers
 
Class of 2012 faces high unemployment and depressed wages

2012 graduates face high unemployment and underemployment rates, depressed wages, and burdensome student-loan debts.

Over the last year, the unemployment rate for young high school graduates averaged 31.5 percent and the underemployment rate averaged 54.7 percent. For college graduates, the unemployment rate averaged 9.4 percent over the last year, while the underemployment rate averaged 19.1 percent. Unemployment rates for young African American and Hispanic high school and college graduates were higher than overall rates.

Young workers who find jobs in today's labor market have had to accept lower wages than they would have a decade ago, with wages substantially lower today than they were in the year 2000.

and it isn't getting better,.... not sure how any of them could vote fro such a failure...
 

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