Skip to comments.More bad news on the employment front
Posted on 05/10/2014 8:47:29 AM PDT by Kaslin
Working age population way up. Actual number of people working down.
Applications for U.S. unemployment aid fell this week to 319,000. Last week the number was 344,000. Now you might think that’s good news, but it’s not. What matters when you look at this number is the rolling four-week average, which the Labor Department says is up 4,500. That means we’re still looking at about 325,000 people a week filing for unemployment claims.
When you’re supposed to be in a recovery, you don’t have anywhere near that number filing for unemployment. But a real recovery doesn’t see quarters of 0.1 GDP growth like the one we just had.
Now the Obama Administration is trying to blame the snow, which is a curious thing to say in the same week when they also tried to tell us global warming is lurking at our door.
But it also doesn’t wash because they trend far predates the one harsh winter we just had. Since 2007, the U.S. population has added more than 8 million people to the working age population. But in that same period, the total number of people working is down by a half million.
You can’t blame the snow for that. Maybe they could blame . . . George W. Bush!
Or maybe they could realize that their own policies – from taxes to regulation to ObamaCare to massive deficit spending – are hindering economic growth and hampering the process of job creation. Then again, if your agenda is the expansion of government and not private sector wealth creation, why would you care?
4 week average of 325,000 new unemployment claims——followed by 288,000 new jobs.
1,300,000 new unemployed——minus 288,000 new jobs.
We are still in the negative for 1,012,000 jobs.
Anyone got different math???
The author assumes obama and his ilk want the country to recover.
Their words say they do.
But every single action they’ve taken says they don’t.
Huh? Your joking aren't you? The last thing that Herman Cain assumes it that arrogant pos occupant of 1600 Pennsylvania Ave and his ilk wanting the country to to recover.
He knows they don't and has said so many times
That arrogant pos occupant of 1600 Pennsylvania Ave ignores the President Bush didn’t have a Republican Congress. The rats were in charge of both houses
Your jobs went to China.
Millions of American jobs, have been sent to China.
China makes everything.
Phone menus instead of real people.
Voicemail and MS Word instead of secretaries and typists.
Self-serve checkouts instead of cashiers.
ATM’s instead of bank tellers.
Ships are about to be sent across the ocean without crews.
The list goes on and on, and increases every year.
People are being eliminated from the workforce or commoditized.
You think homo sapiens existed by languishing for almost two hundred thousand years waiting for iPhones and other life-complicating crap to finally be invented?
What lovers of technology don't realize, is that there is a hidden price for their technology toys, which is increasingly destroying their livelihood and then their freedom.
“4 week average of 325,000 new unemployment claimsfollowed by 288,000 new jobs. 1,300,000 new unemployedminus 288,000 new jobs. We are still in the negative for 1,012,000 jobs. Anyone got different math???”
Yes, most going on unemployment are replaced in the job they are leaving. Separately, the 288,888 number is the net increase in jobs. There are x# of new jobs offest by y# of positions eleminated which equals the net new or lost jobs.
If 1 million people a month were being laid off, than it would be a front page story.