Skip to comments.On The Right Track? Another Half Million Americans Fall Out of the Workforce
Posted on 12/07/2012 11:04:33 AM PST by Kaslin
RUSH: Now, remember when we were told, ladies and gentlemen, by the regime that the economy added 148,000 jobs in September? And do you remember we were told that the economy added 171,000 jobs in October, the unemployment rate was going below 8%? And do you also remember that I said at that time, "I don't believe this." And do you remember also that Jack Welch came out and said he didn't believe it and thought they were fudging the numbers and they lit into Jack Welch. Well even back then, the chief economist at Gallup didn't believe it, if you recall. They had entirely different numbers. But at the same time do you remember how we were more than mocked in the news media. We were lied about. We were impugned. I was, as a conspiracy theorist, for believing that the regime would doctor the numbers in their favor prior to the election.
Well, it turns out -- he-he-he-he -- we got the new numbers today. Guess what? He-he-he. It turns out that the regime's estimates were a little off after all. Yes, by about 49,000 jobs on the plus side they were wrong. October's jobless number, which was announced right before Election Day, was off by 33,000. Now, the revisions are in, and there were 33,000 fewer jobs created than we were told in the days immediately before the election. Now, you can be sure it was just an innocent mistake. I mean, anybody can make a mistake, especially if your bureaucratic job depended upon it.
The Labor Department says in its report today that Hurricane Sandy had no significant effect on unemployment, which, if I recall, calls into question all of the reports from the Drive-Bys over the last few weeks which did blame Hurricane Sandy for a huge uptick in unemployment claims. Look at all of the lies that we were told are now being revised. There are just two words to greet the unemployment news today, and they are "of course." "Of course." We were told 146,000 new jobs were created in November. More than a third of those were due to retail stores hiring for the holidays, i.e., they are temporary jobs. So how come that number is not seasonally adjusted? Why do they give us the raw number on that instead of seasonally adjusting that? I mean, if they're not gonna seasonally adjust for Christmas hiring, why do they seasonally adjust for anything?
These are just innocent questions that I have. I'm not trying to be threatening here. I'm not trying to make anybody nervous. As you probably have figured out by now, the unemployment rate went down to 7.7% because, and this is just stunning, folks, another 540,000 Americans have dropped out of the labor market. Half a million Americans are no longer calculated, what's called the labor force participation rate. So 540,000 people dropped out of the labor force. That's more than a half million people. So according to these numbers, every one person hired, 1.7 people gave up looking for work. And we're on the right track. Obama said just this week, we're poised to roar back. We're poised for our comeback. Gotta build on this, exactly right.
Of course, it's not all bad news out there. The unemployment rate for government workers plunged from an already low 4.2% in October. The unemployment rate now for government workers is 3.2%. In fact, federal, state, and local governments add 35,000 employees to their payrolls. Well, guess who's paying for them? You are. Government hiring swelled in October and in November, and now 3.8% unemployment, federal, state, local governments added 35,000 employees to their payrolls in November. In fact, all told, governments have managed to add five -- this is a stunning number. Now, keep in mind, we have lost 540,000 people from the labor force. Since July, all government -- state, local, federal -- have added 544,000 people to their payrolls.
Half a million Americans have left the private sector job market, thus the private sector job market universe has shrunk, and that's why the unemployment number goes down. So 544,000 people hired at the government level in all states, cities, local governments, what have you, and the exclamation point is, 73% of the new civilian jobs created in the US over the last five months are in government. Seventy-three percent of new jobs created in the last five months are in government. This is according to the regime's own numbers, the Bureau of Labor Statistics.
So it's clear to see exactly what's happening. The transformation in the country that's taking place. Money and people are being taken out of the private sector and transferred to the public sector, to the government.
In LibWorld, this is considered progress.
Living the high life buying lucky charms and loto tickets on your neighbors dime. (Ubama is punishing those of us who didn't vote for him)
Cloward and Piven would be proud of their apostle Barak
It will not.
These bare soviet stores will give way to our own personal American Holodomor.
Which is what Ubama and the leftists truly want. (Something which I don't think Rush fully understands or wants to understand)
Official numbers continue to drop, real numbers continue to rise...
I wasn't even alive when Eddie Murphy did that skit.
Oh, they would love to kill off all the recalcitrant conservatives, but they don't have the stones to do it themselves.
They seem to be hoping they can use Islamists to do the dirty work for them, then dispose of those handy tools when they are no longer useful.
It was funny then, but not so much now.
Yep, the leftist would like to do that.
Small obstacle, flyover country is still armed and defiant.
But it is sobering to read HR2751 FDA Food Takeover Bill passed in stealth during the 2010 Lame Duck Session. Very troubling. Almost no discussion of it, but it allow the Feds to take over all agriculture production in an emergency.
I had been tracking that bill under different names for years. It was finally sold to Congress using fear over poisoning of our imported food supply.
Don’t trust any of those b_tards.
The Cold Hard truth is that the Islamists are useing THEM!
The Muslim Brotherhood plays them (and many republicans) like a Violin. They know what they are doing and they have a plan.
I fully believe in the exact opposite of what you presented. The Brotherhood is using Ubama, Hilary et al(because they have a hatred of America too) to weaken us, then they will strike. Then some how the Leftists think they will spared.
We have Evil VS Evil here, but Something (Islam) will always beat nothing (Marxism).
Hell any achieving person who isn't on the Democrat Plantation.
Hey, I’d rather be a Muslim than a Socialist. At least I could finally live in a society that forced the likes Nancy Pelosi and Gloria Allred to shut up. :)
For a leftist, the ultimate goal is achieving the power necessary to use the state to exterminate your political opponents with impunity.
Anyhoo, times were tight and we'd (gladly) get some of the leftovers that the takers turned down....the end of the box might have been a little squashed, or something. No one pickier than people on welfare.
That gov't cheese was FANTASTIC! Had a bite to it like cheddar, but it melted evenly like Velveeta. I'd gladly purchase it in the store if I could get it.
Nancy Pelosi and Gloria Allred would be the first to the chopping block if their precious Muslim Brotherhood was in charge.
Tru Dat Homie
I am simply saying with these EBT cards the Ubama supporters don't feel the pain of his polices. You get you have your Lucky Charms and all the Fruits of working without actually working.
When in the old days you were given what you needed to survive and a Politician isn't very popular after 99 weeks of Powdered Milk and Pinto Beans.
Have you been reading about the latest stunt by some (Northeast, I think) politician where he'll live off of the "food stamp ration" of $4.32/day?
Sez me, I could eat pretty pretty well, by myself, on $30/week. Not too much filet mignon and caviar, but I'd not starve, either.
Multiply that out by 4 for my family and that's $120/week, which is fair bit more than my grocery budget is right now. And I eat pretty darn well.
In my lifetime, welfare has changed from "something that you were ashamed to be on" to "A hand up" to "A Hand Out" to "Hurry up wit dat govrmint check, dammit, and git back to work 'cause I needs mo!".
That's a fast slide, for only a couple of generations worth of looters.
But you are still right, $120 for a family of four is a nice chunk of change.
I remember when I was a Kid in the 90's $100 bucks was about the amount my mother spent on our family of Four.
We still spend the same amount today except we have more mouths to feed and it all comes out of our pockets.
But, the gravy train can't last and when it stops there will be HELL to pay.