Skip to comments.Jobs Crisis Far Worse Than Official Data Show, Former Official Says
Posted on 07/20/2013 6:34:29 PM PDT by Innovative
While it barely got mentioned by the mainstream media mob, Hall says the plunging employment-to-population ratio leads him to believe the real rate of unemployment is much higher than 7.6% perhaps 10.6%.
Hall notes that June's 58.7% employment-to-population ratio is actually lower than when the recession began at the end of 2007.
"And according to our biggest job creators, small business owners, government is playing a big role in holding back the economy," he added.
Sadly, despite ample evidence their policies have failed, President Obama and the progressive wing of the Democratic Party plunge recklessly ahead with their plans to regulate, tax and control the economy to death.
(Excerpt) Read more at news.investors.com ...
This disregards the hiring which companies are doing, in other countries.
American jobs, are being sent to foreign countries.
Bring back American jobs.
"Similarly, we prefer to believe that the dynamic, entrepreneurial, 4% to 5% GDP growth economy that existed in the past is poised to return after a few more months of QE. To reach this conclusion one must ignore the ugly reality of what we have become. The staggering growth in government debt, the persistence of high unemployment, the stifling effects of new rounds of anti-business regulations, the existence of dangerous asset bubbles, and our dependence on zero percent interest rates and continuous Federal Reserve purchases of treasury and mortgage debt qualify our current economy as a walking zombie."
Bring back American jobs and STOP programs like H1B, where instead of sending jobs to India, Indians are brought here to take our IT jobs.
In January of 2013, we had roughly 135 million government and private sector workers.
I ran the numbers and we should have at least 175 million workers if traditional job growth were still taking place in the U. S.
7%? 10%? Try 23% unemployment. That’s a fairly accurate number. It includes those who gave up.
What isn’t addressed, is the underemployment. How many people are working in jobs where one of the following two situations exist?
1. They work far fewer hours at the same hourly rate they used to get.
2. They make far less per hour, but work nearly 40 hours per week.
I would wager that upwards of 50% of our population is either not working, or making about 50 to 75% of what they did pre 2000.
Here’s a link to the figures I’m mentioning here.
We’ve been in a full fledged DEPRESSION for a while, but between the government lying about employment, and the media covering for their boy, no one will acknowledge it. The only real stats you can believe that begin to show the depth of the problem are those showing the explosion of people on foodstamps. Bernanke has been covering everything by printing and pumping money at historic rates.
Sadly, the Republican aristocracy wants the same.
OBAMAS LIAR JAY CARNEY SAYS IMMIGRATION REFORM WILL RAISE WAGES AS PRESS BUSTS OUT IN LAUGHTER
TPNN - TEA PARTY NEWS NETWORK ^ | July 19, 2013 | Matthew Burke
Posted on Friday, July 19, 2013 6:12:52 PM by SaveOurRepublicFromTyranny
“.......Yet, Obama plans to visit Warrensburg on Wednesday to talk about the economy......”
This is a small college town, that has Vicki Hartzler, Republican, US House Rep, that defeated that so called conservative Ike Skelton.
Obama did not win Missouri in either of his two elections. Something weird is afoot.
Big government intends to pass amnesty after the Congress takes their August recess. And it appears the claim will be about improving the economy. Course I cannot help what the race pimps Rev Jackson and Sharpton will have to say about this fix.
The figures have always disregarded foreign hiring.
Give it a rest.
Unionize, price yourself out of the market, and deal with the consequences.
Funny thing, delusional union types, when setting their own value, always guess astronomically high. Several times what they are actually worth.
I suspect that I am far from the only person in the workforce that is ridiculously underemployed with little chance to move up to a level in line with my qualifications and experience. I have spent several years trying to move up to the next level where I work, but the company restructured job classifications and the next level was brought down to me. The people who were at the next level are facing major pay cuts if they don’t move to the new next level, so of course they will get preference over me.
The obastard administration is lying to us?! I’m shocked!!! /dripping sarc
...despite ample evidence their policies have failed, President Obama and the progressive wing of the Democratic Party plunge recklessly ahead with their plans to regulate, tax and control the economy to death.
Sorry, but that's awry. President You Didn't Build That's and the Democratic [sic] party's policies have not failed. They're succeeding very well. Their plans "to regulate, tax and control the economy to death" are right on schedule.
Their goals have nothing to do with recovery from the Obama Depression and everything to do with destroying American constitutionalism and law, freedom, capitalism, individualism, exceptionalism, et cetera. That's what Marxists do!
True 23% unemployment, yet Zero and Mooch can take a $100 MILLION DOLLAR VACATION IN AFRICA.
If these people had even half a conscience, they'd evict themselves from our White House.
They may be enjoying the ride now, but in the backs of their minds, in the depths of those clinkers they call their souls, they know payback’s gonna be a cast-iron beach.
Very hot, too...
Re: “The figures have always disregarded foreign hiring.”
But not when the foreigners come here to work.
About 500,000 new Green Cards are issued each year.
About 300,000 new work visas are issued each year.
About 1 million new citizens are created each year.
The number of low skill, low education LEGAL workers in the USA has gone up dramatically in the last 15 years.
The number of low skill, low education JOBS in the USA has gone down significantly in the last 15 years.
More workers + fewer jobs = lower pay + higher unemployment.
Well said, brother... The reckoning is coming...
Great media coverup, we are in a depression and have been for quite some time, long enough for the govt to enlist more of the population on dependency. When this is almost complete they will make an anouncement and the throngs of depenedent will have to bow to thier new masters or go hungry
Obamacare is the biggest problem here. If you knew costs associated to a given service were going to increase suddenly by 200%, would you continue said servive or mitigate the risk to your business by seeking an alternative to the service?
Bring back American jobs under these circumstances? Not going to happen.
“President You Didn’t Build That’s and the Democratic [sic] party’s policies have not failed. They’re succeeding very well. Their plans “to regulate, tax and control the economy to death” are right on schedule.”
Truer words were never spoken... Sad to say, you hit the nail on the head, as they say.
IMO these circumstances exist, because we have 40 million people out of work. In addition we have 20 to 35 million foreign nationals here taking up slots.
So what do our elected officials do to help you two and others? Well, they ignore you because the plight of the illegal immigrant is so sad and must be addressed immediately.
Besides, they don’t even acknowledge your status. They address the unemployment 7.bullshit figure and remark that this economy is really turning around.
Funny how the libs and RINOs can't seem to find the common denominator, or draw the obvious conclusion from that picture.
It’s almost as if there were a Tower of Babel thing going on here.
There hasn’t been a confounding of language, but there has certainly been a confounding of simple logic.
You just touched on the evidence of it. Simply amazing...