Posted on 05/04/2012 6:35:44 AM PDT by SeekAndFind
The recession is over. Our economy is growing. Everyone is employed.
Pay no attention to that man behind the curtain.
It is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to
88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
Labor force participation Rate:
People not in labor force:
I was surprised the CNN article on this openly said fairly on in the headline that the drop was due to people leaving the workforce.
Found this on Zero Hedge. Some additional charts and tables that show how BAD things are getting.
It it a EUROPEAN jobs recovery. that is, a SOCIALIST job recovery.
If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until February 2020—8 years—to close the jobs gap. Given a more optimistic rate of 321,000 jobs per month, which was the average monthly rate for the best year of job creation in the 1990s, the economy will reach pre-recession employment levels by April 2016—not for another four years.
Given an expectation of a BIG decline in the participation rate on November 2 (Friday prior to November 6), I’m expecting a big increase in the rate on October 26, October 19, perhaps October 12 as well...
Some bureaucrats are playing with the inputs to the unemployment rate with the understanding that most Americans will be mostly paying attention to that resulting number, and the media will carry that message in full force.
RE: I was surprised the CNN article on this openly said fairly on in the headline that the drop was due to people leaving the workforce.
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It’s coming to a point where one cannot ignore the labor participation rate any longer. The U6 figures will then figure more prominently.
You can’t put a happy face on the unemployment rate figures when PEOPLE REALLY ARE NOT WORKING.
At the rate this is going, we’ll have MORE PEOPLE DROPPING OUT OF THE WORKFORCE and by November, the unemployment rate approaching 7%.
But if you don’t have a job and know that your neighbor, college grad kid and friends don’t have a job either, eventually you’ll know the figures are BS.
Don't you mean volunteering in a community garden? Or is it an Agricultural collective?
The Fed’s unemployment statistics are about as phoney as the Fed’s CPI/inflation statistics. Phoney baloney.
Fortunately for Obaba and the new American Fascist Party (aka Democrats), with Dem voters, you really CAN fool all the people all the time.
Jeez! But we as a people have become dumbed down!
The 115K new jobs that were created was well below the 160K that analysts had expected.
And some of the internals are distressing too.
The public sector is ugly.
There were 15K public sector jobs lost, worse than the 5K that was expected.
That’s worse than last month, and that’s worse than the virtually flat level of jobs created than we saw two months ago.
Remember, two months ago we were hopeful that this meant that the public sector bleeding has stopped.
This is a big deal, since the public sector is what’s been creaming GDP and jobs.
What’s more, this news comes amid news that California is missing badly on its tax goals for April.
The fewer numbers of workers is what drops the unemployment rate, not fewer jobs.
Any sensible person can see the trend is impossible. Unless people are dying, retiring or leaving the country, that flatting of the chart starting in 2008 is as phoney as a 3 dollar bill. You can take the chart back to 1948 using the bls.gov website Top searches and see that what happened starting in 2008 is VERY unusual and has not happened in the recorded history of the bls statistics. In fact, data that goes back during and before the GREAT DEPRESSION showed an steady increase in American workers. But, Enter Obama, master magician and conman extraordinaire. Now our workforce starts disappearing for the first time in our history!!!!
No, we won’t.
The money to support Julia has to come from somewhere.
To quote Mr. Mom, “You’re doing it wrong.”
0bama's ugly face will be on TV and the idiot MSM announcer chosen to shill for him, will announce that his policies are working and unemployment is down! This will reach a crescendo right before the election, whether anyone gets hired or not.
Related to this is the fact that legal and illegal Mexicans and others from Central America have been returning to the motherland south of the border at rates that exceed the illegals heading north. And its not just illegal aliens heading home: I've read several articles over the last few weeks about young legal Indians and Chinese - some of whom were born here to immigrant parents -- moving to India and China because of the abundance of entrepreneurial opportunities.
If you are married and staying at home out of choice, then you should not be counted as unemployed. If you are retired and not seeking work, then you should not be considered unemployed.
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