May 5, 2013
Another month another manipulated set of data, from your government. Why can’t they just tell the truth?
Good News! Non-farm payrolls increase by 165,000 and the unemployment rate declined to 7.5%.
Bad News! It had to be helped by a 193,000 increase due to the BLS Birth/Death adjustment. That is a net LOSS of 28,000 jobs! And 9.55 million Americans have given up looking for work. Not to mention 89,936,000 NOT in the labor force.
Nothing is real anymore… Just fiddled numbers for the headline.
May 3, 2013
Lot’s of people just staying home, all the freebies from Obama , Why work.
Following the March NFP disappointment, it was only reasonable to expect a modest beat in this month’s data which came at +165,000, on expectations of +140,000, and also following a revision to the March number from 88K to 138K. The unemployment rate declined from 7.6% to 7.5% beating, expectations of an unchanged print.
The flipside, as always, is that the labor participation rate remained flat, at 63.3%, once again the lowest since 1979. That’s about 37 % of our population just sitting around, using their Obamaphones.
How Bad Has The Obama Years really been
May 2, 2013
Where liberals can do stuff like this …. Don’t you love it, when this happens.
Bombers and moochers, left line after the gate …
Just doing the work that Americans won’t do for themselves. Somebody has to pick the tomatoes. Well at least until they get tomato harvesting Robot machines.
One day your child can grow up and be someone like this …
Join our immigrant labor force. Boom, be loud, be proud parents of the future. Don’t forget your Obamacard EBT and oh yeah your Obamaphone, stay in touch with our FBI just in case. It’s paid up minutes for you.
April 9, 2013
Pay attention, you may figure out how the jobs misinformation Obama, racket works … It’s claimed the 90 million figure of last week may have been wrong. Based on government figures. Meanwhile, the government continues to make things even easier for those that are not working.
by Michael Snyder of The Economic Collapse blog,
The jobs recovery is a complete and total myth. The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010. In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job. But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down.
In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%. And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy. But it takes at least 125,000 new jobs a month just to keep up with population growth. So how in the world are they coming up with these numbers? Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force.
In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore. We saw this once again in March. According to the U.S. Bureau of Labor Statistics, more than 600,000 Americans dropped out of the labor market during that month alone. That pushed the labor force participation rate down to 63.3%, which is the lowest it has been in more than 30 years. So please don’t believe the hype. The sad truth is that there has been no jobs recovery whatsoever.
If things were getting better, there would not be more than 101 million working age Americans without a job.
So exactly where does that statistic come from? Well, the following explains where I got that number…
Read the rest of this entry »
April 5, 2013
Real March Unemployment Rate: 11.6% – government numbers are hogwash.
90 Million people, no longer looking for work. We’re back to 1979, the Carter years. Labor force participation rate plunged from an already abysmal 63.5% to 63.3%
When will we reach a rate of zero? Well when the last person employed, decides to give it up … Hiring slowed to 88K jobs in March; unemployment rate drops to 7.6 … See how the Obama nonsense works. Hey I have a new novel idea lets raise taxes.
One chart will do it … And is the only thing that matters….
Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .
The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work.
This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979!
But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”
Ain’t liberals swell … And that doesn’t even address the new adds to the labor force by birthrate.
If you must, more here … The sordid details.
March 10, 2013
The national unemployment rate fell from 7.9 percent to 7.7 percent this week, after a strong Non-Farm Payrolls report.
Only 130,000 people left the labor force in February, gave up, and so were not counted.
But the unemployment rate differs greatly for people with different levels of education.
From Bill McBride at Calculated Risk, here’s the latest look at the differing levels of unemployment by level of educational attainment.
For those with a bachelor’s degree (blue line), the unemployment rate is below 4 percent.
For those with no college (purple line), the unemployment rate is around 8 percent.
The question of whether college is “worth it” continues to be hot. Those who believe it is worth it will find this data helpful, although some will say that college enrollment self-selects for the more talented, and thus the relationship between low unemployment and having a bachelor’s degree is more correlated, rather than causal.
February 1, 2013
Here is the headline:
157,000 jobs created —– 169,000 people gave up looking, so they weren’t counted.
Labor force participation rate, since Obama took office, 8.5 million Americans have left the labor force.
Since 4 years ago, 8.5 million jobs has vanished from America. The handout regime has handed out 8.5 million jobs — those former workers just now stay home.
If the labor was the same as it were when Obama took office.
Minority unemployment is now 18%.
So the math says what the lamestream is trying to tell you — It’s all a big lie.
And his spokes-kid goes out there and blames the other guy …
January 28, 2013
Unfortunately for the economy, which has ceased to correlate to the stock market courtesy of the Federal Reserve, the stock market and the underlying fundementals, in this case jobs, are now completely independent. The chart below shows that while the stock market may be at its pre-recession levels, the employment situation has only managed to recoup half the total lost jobs, and with 4 million jobs still to go before all the jobs lost are recovered, it is very likely that not even by the end of Obama’s second term will the economy have regained all the lost jobs since December 2007.
Naturally, the BLS has an explanation for the above chart. It wants the world to believe that while the US population was increasing by some 200K each month, this was offset by the surge of people not in the labor force – orange line below – which has increased by a record 9.6 million people in the past 5 years, or some 160K each month. The implication is that over the past 5 years, the US labor force – blue line below – increased by a tiny 1.6 million: a number designed with one thing in mind: to show a declining US unemployment rate. Because had the the Labor participation rate kept up with the US population, the US unemployment rate now would be about 11%: not quite as politically palatable as an unemployment rate below 8% for an incumbent president.
January 22, 2013
This is the rock that the Obama administration’s ship of state is going to founder on:
(Data via the Bureau of Labor Statistics.)
Looking alot like Greece.