How does 735k jobs lost on October’s Employment Situation Report strike Y!A’s wild &crazy liberal progressives?

I suspect I know how conservatives feel about the ugly loss which hits American workers like a throwback sucker-punch body blow, since it’s reminiscent of average job loss counts suffered monthly during the first half of 2009. Keep in mind, the figure released Friday dwarfs all but a single month’s job loss counts under President Bush. And no, I’m not using Bush’s figures settled on months, then years, into Obama’s first term, including almost half-a-million supposed lost jobs added to the survey-based figures when Hilda Solis assumed leadership of the BLS following Commissioner John Hall’s departure in January 2012.

The latest jobs count, according to the Bureau of Labor Statistics Employment Situation Report released Friday morning, shows actual Americans counted in the work force fell by 735,000 during October. As a result of the nearly three-quarters-of-a-million loss, the 58.3% employment-population ratio approached Obama’s 58.2% 40-year lows reached four times between December 2009 and back-to-back summer months ending in July 2011. The workforce participation rate took a similar tumble from 63.2% to 62.8% for the month. Doesn’t quite sound like the Administration’s spun release figures, which a range of journalists buried wherever BLS estimates appeared in the media at all, does it? I’ll provide a bit more detail on the easily found and downloadable 39-page Employment Situation Report.

Household Data Summary Table A shows a loss of 735,000 jobs during the month of October, nearly equaling the losses faced monthly for the first half of 2009 during Obama’s crippling two-year jobs purge. As a group, Democrats squandered their Super Majority with Pelosi and Reid’s 111th Congress, while 8.3 million jobs disappeared. The latest painful loss comes from September’s count of 144,303,000 falling to 143,568,000 total employed in the BLS’ October figures. Elsewhere I’ve shown our economy must add well over 200,000 jobs monthly to accommodate newcomers to the labor force from amongst our own college, secondary, and trade school graduates, along with nearly 1.2 million LPR’s awarded green cards annually, H-1B recipients, refugees & asylees, and our always increasing Mexican National population. For anyone interested here, the highest workforce participation rate belongs to Hispanic males in the U.S. economy at 80.8%, trailed closely by foreign born workers at 78.5%. Our own bred and raised college graduates trail at 75.0%, which considerably outpaces all other native born categories in the civilian labor force.

Over the past 12 months, Black or African American workers have increased by 74,000, while Hispanics gained 443,000 jobs, according to the BLS Report. In comparison, White Americans lost 355,000 jobs on not-seasonally-adjusted figures, or 385,000 on the seasonally adjusted counts since October 2012, which is shown on Table A-2. For anyone willing to parse the statistics in detail, it’s inescapable that the foremost losers under the Obama regime have been White Americans and, at the head of that list, college graduates, a demographic this Administration and many on the left appear to have declared war against. Who’s under attack differs dramatically depending on the racial and ethnic group one is counted in. White Americans have been disproportionately targeted, according to a broad array of government statistics, which show Obama punishing those he feels at odds with when he’s not distanced enough from conservatives seen as skeptics of his fundamental change.

Barry and Michelle strike many in this country like Marie Antoinette who famously dismissed the French peasants’ struggles with an air of superiority and detachment. The Obamas seem similarly detached, and the reality-challenged President shows machinations of a would-be Emperor with his heavy-handed edicts and avoidance of constitutionally mandated checks and balances, which are brushed aside to accomplish transformational change few Americans want by Executive Order.

http://www.bls.gov/schedule/archives/empsit_nr.htm