Skip to comments.What is Going On With Jobs? We are not just talking about a bad month.
Posted on 01/14/2014 6:57:12 AM PST by SeekAndFind
Everyone agrees that the employment report last Friday was very bad. Unemployment went down to 6.7 percent, but that was because the Household Survey showed that 347,000 people left the labor force in December while only 144,000 found jobs. In a healthy growing economy you are supposed to get the work force increasing faster than the actual employment, as people join the labor force confidently looking for work.
If you look at the data for the five years since President Obama was inaugurated, you can see that we are not just talking about a bad month. It's all bad, from the giddy inauguration to the latest vacation in Hawaii.
The chart shows the seasonally adjusted percent participation of the civilian population in the labor force and percent of the civilian population actually employed. You can see that for the last four years the employment of Americans has chugged along at about 58.5 percent of the civilian population. Meanwhile the labor force has steadily declined. More and more Americans have given up looking for work.
Now we know why people have always worried about witches: the president cast a spell to tell the oceans to stop rising and instead he got the labor force to retreat.
This is surprising to anyone paying attention to the mainstream media. After all, the president has pivoted again and again to jobs. You would think that all those speeches would have made a difference.
So here we are, at the end of five years of Obama. The U.S. population is 317 million, according to the Census Bureau; the "Civilian noninstitutional population" is 246 million, the "Civilian labor force" is 155 million, and the "Employed" is 145 million according to the Bureau of Labor Statistics. That's your Hope and Change for you.
(Excerpt) Read more at americanthinker.com ...
Like someone else recently said, when I heard Obama was going to focus on jobs, I didn’t realize he meant he was going to make it harder to get one.
It’s all part of the plan to drag this country down.
What’s going on with jobs?
This is an easy question to answer with America’s manufacturing base a mere shadow of its former self.
Jobs are relegated to the ‘on hold’ file due to the importance most politicians place on the expansion of big government. This, of course, includes both parties as they’re in bed with each other as any American with a functioning brain knows.
Most of the government agencies tacked on subsequent to 1913 should be abolished. Especially Education and EPA.
Until corporate taxes are reduced to zero and the abominable agencies that prey on businesses abolished the decline of America will continue. In fact, it will speed up!
The only shovel-ready job Obama ever created is Jay Carney’s.
When people begin to realize that Obama hasnt screwed up...that what has and is happening, wasnt a mistake...The way the country is going is right in line with his (and his handlers) plans... All this unemployment, poverty, racial turmoil was all planned carefully and brought to fruition by this regime... This WAS NOT an accident!!!!!
Once the real American people realize this and have had enough, well have to stand and deliver...It wont be pretty or fun...but it will be neccessary....
They all went to Red China and other Third world pits. Red China has over 100 million workers in their manufacturing sector alone.
Free Traitors have ruined this country.
Employers are using automation and process refinements to restructure their businesses to PERMANENTLY run on fewer people.
Not going to take the risk of future Obamacare mandates, paid time-off mandates, living wage ballot initiatives, or anything of the sort.
RE: Employers are using automation and process refinements to restructure their businesses to PERMANENTLY run on fewer people.
Time for an automation tax (HEH HEH )
Why would anyone hire right now? I was kinda surprised to see a jobs section in the Sunday Coupon News.
RE: I was kinda surprised to see a jobs section in the Sunday Coupon News
Just curious... what kind of jobs are being advertised?
Americans have been outsourced for over an entire generation.
Bring back American jobs now.
It looked like mostly nurses and drivers. I didn’t get too involved. Just curious.
So, people are sitting on their butts and cheating the system.
We need to do something quick that all politicians can agree with - like giving amnesty to 30 million or so illiterate illegal aliens so those figures will look better!
BS. Germany has some of the most advanced manufacturing facilities in the world and they don't have unemployment problems like we do. And German workers make a lot more than American workers.
You mean the remedial economist? Too busy with his/her blind insight on a recipe thread.
The true unemployment rate is 22 to 24%, 92 million are out of the workforce. That’s over 20% right there. Subtract 4% for frictional unemployment from the 6.7%, and you are at 23%, conservatively.
I stand corrected....my point is the info about it we receive is bu!!$!(T!!!
Don’t we need 150,000 new jobs per month just to keep up with the birth rate?
I’ve always wondered what the actual employment rate is? How many people are actually working? All people not some arbitrary number. Kids, retired, disabled, you know. All people. Bet the number is less than 50%. Why does it matter? Cause then realistically you have 50%(or less) supporting the other 50%(or more).
“I stand corrected....my point is the info about it we receive is bu!!$!(T!!!”
Not only is in a complete fabrication (admissions made AFTER the election was over), but this was known prior to the election.
Almost all of the important numbers the world used to depend on are cooked. Libor? Unemployment? Inflation?
They are all either manipulated or cooked.
This is why Buffett’s manipulation of bond ratings is no big deal. Triple ZZZ worthy mortgages were backing AAA rated mortgage backed securities as early as 2003. Moody’s was the ‘gold standard’ of those ratings agencies, and AIG would take a look at their price chart for insurance on AAA rated securities and sell it to you cheap.
They should have had a clue when everyone and their mother was buying it, but from their desk, it looked like it was raining money.
It’s why nobody at AIG was implicated in anything criminal after it was all over. There were plenty that thought AIG was stupid after the fact, but can you imagine AIG raising their rates on AAA rated bond insurance to JUNK rates?
I’m sure that somewhere there was a discussion about doing exactly that, and I’m sure that somewhere there’s a mid-level ex-AIG guy that tells stories about that to his buddies that don’t care, but think it is an amazing story.
I know a lot of ex-Enron and Dynegy guys that do that too.
The biggest danger hidden in automated trading models is that they depend upon all of these completely fabricated numbers.
Funny how the stock market tanked as soon as the year began. It’s like it was an agreement, but it really wasn’t. Everyone has run the numbers and Obamacare is going to gut it all. All of it.
Obamacare was SUPPOSED to fail. It was DESIGNED to do that, so that single-payer could ride in and save the day. At the end of it, the left will say, “It was ugly, but now everyone has healthcare - no harm, no foul.”
The stock market was propelled by the easiest money ever printed - period. Everything that was hooked into government business did well, and the stock went up.
Medium and small business - blood bath. If you are a big company, getting a loan is literally as easy as fogging a mirror - companies are taking out loans to pay bonuses, just because it is so cheap that you’d be crazy not to.
Medium and small business loans? Virtually non-existent. Where do 3/4 of all jobs come from? Small and medium business. Why do we use an unemployment rate that ONLY measures the number of people taking unemployment benefits?
Because it purposefully ignores a)companies that lay people off that can’t afford to pay unemployment, and thus it isn’t available to those laid off, and b) because if you only measure those taking benefits, it conveniently leaves those who have been out of work so long that their benefits have expired.
There’s a reason why the USG bought all the guns and ammo it could get its hands on - it is planning for a civil war. Those that are dependent on the government vs those paying for it.
The number you are interested in are the number of people privately employed in the United States.
Anyone on a government payroll doesn’t count as employed, if what you are interested in is finding the number of people upon whom the fisc of government depends.
I’m not trying to be harsh on folks employed by the government - it’s just math.
A government employee makes $50K, say. He pays, on the generous side, 50% of that in taxes to all government players (local, county, state, and federal). To fully fund “Mr. $50K”, it takes EIGHT guys the government doesn’t pay in order to ensure Mr. $50K’s salary isn’t paid with printed money.
It’s why the conversation about what the proper role, and our proper expectations as citizens, of the government is so crucial. It’s not a civics class lesson.
Every new power you give to government, every new mandate, every new piece of infrastructure, and every new protection requires revenue.
One thing Limbaugh is fond of saying is that there is no unifying set of beliefs in progressivism. For conservatives, there is (or was) - small government is the best government and rugged individualism and capitalism is what fueled the early American experiment (up until about 1930 or so).
He’s incorrect about progressives not having a unifying principle on their side. That principle is simple, and so seemingly innocuous, that as soon as you hear it, you understand why it is that your in-laws - god fearing, generally good people - end up voting for democrats without engaging their headgear.
The principle behind progressivism is - they believe, at bottom, that government can be, and largely still is, a force for good.
This is what they took away from Jefferson, Madison, and Franklin. They created the United States, and the US has done so much good, so quad era demonstratum.
They completely sailed over the bits about how this go around they were going to do the very best they could to guarantee that government would be permanently marginalized. In fact, the Constitution was their second choice - the Articles of Confederation preceded that, so deep was their distrust of strong central government.
‘Only what was necessary - only these 9 rights’, was the idea behind putting pen to paper and spelling out, specifically, the rights held by the government. Then they added the 10th amendment, which said, specifically, ‘if it isn’t spelled out in the first nine, then it is up to each state, individually.’
What brings together abortionists and child educators, union construction people and environmentalists, homosexuals and African-Americans is the idea that, at base, government, especially the US Government, is the best thing ever to happen to civilization.
The US government put a man on the moon. Won two world wars, and the Cold War. Killed bin Laden. Created the interstate highway system, and the internet. For anyone wondering why Jews all vote D? They also liberated the death camps when nobody in Europe would lift a finger, and then went the extra mile and carved out Israel for them in 1948. Nobody, in history, ever did as much for Jews as the US Government.
Today, the boomers, especially and ironically the boomers, don’t want to think of the government in any other way than as beneficent. They used to stick it to the man, and now they are the man, and without the man, they are going to die horribly sick, and poor.
So, lest any conservative get a better night’s sleep thinking that progressives are a basically divided, petty, and disorganized lot, they aren’t.
They, unlike we, all believe in EXACTLY the same thing - that government, especially the US Government, is one of the best things ever, in history, ever. They will die defending it, because in the end, none of the groups that make up progressivism believe they can live without it.
Reagan was an outlier. He was skilled at communicating why government was the problem.
Progressives aren’t stupid, so they created problems so big ONLY government could fix them. They bailed out Wall Street - twice. Everyone forgets the first ‘Too big to fail’ crisis - Long Term Capital Management in 1998. That was the first time the Federal Reserve stepped in to avert a bankruptcy that could potentially bring all the banks down.
As we speak they are planning the bailout of the medical insurance industry, which is going to make bailing out AIG look like a booger.
Create problems that require ‘Manhattan Project’ sized solutions and people will continue to crap nickels, literally, until the next big scary problem comes along that only gargantuan government can fix.
Thanks for the adjustment.
Just makes it even scarier. I hadn’t seen the ShadowStats number for unemployment. They came up with 23% as well.