Posted on 01/10/2014 12:54:38 PM PST by Jim Robinson
Friday's December jobs report was a major disappointment, showing the economy gained just 74k jobs last month. Economists had expected the economy to gain around 200k jobs. The unemployment rate, however, dropped to 6.7% as 347k frustrated job-seekers gave up and left the labor force. We are in an upside-down world where a drop in the unemployment rate is a bad sign for the economy.
The overall labor force shrunk dramatically last year. In December 2012, 155.4 million workers had a job or were actively looking for one. Last month, though, 154.9 million were in the labor force, a drop of over 500k Americans.
It is important to remember that the population grew last year. The US adult population grew by around 2.5 million people. If the labor force were the same percentage of the adult population as last year, 2 million more adults would have jobs or be actively looking for employment. Their disappearance is a drag on the economy.
(Excerpt) Read more at breitbart.com ...
Thanks. Tuned into the re-air, but must have tuned in too late.
Small biz is a good barometer of the economy and employment.
Impeachment File for “B. Hussein Obama,” aka Barry Soetoro, a documented legal citizen of the Sovereign Nation of Indonesia.
Doubt it; the RINOs are such wimps that they’ll rubber stamp Obama and if the newly elected Senate tries to put a stop to this insanity, Holder’s people will hold the nation hostage through threats of burning our cities to the ground.
Not that our major cities couldn’t use a little ‘refreshing.’
I once read “The Obsolete Employee” and I am now certain that this will become a future trend, hiring out work that needs to be done and it’s gonna get brutal out there.
It’ll never happen; Holder’s ‘people’ will burn the nation to the ground and our politicos are too gutless to give the orders needed to maintain full stability in their states.
WELCOME TO FR!
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Ted Cruz is fond of saying “You lose 100 % of the battles that you do not fight.”
Our sorry Congressional RINOs have perfected this guaranteed form of losing to an art form!
Since, on average, only 20 % of a population participates in a major Revolution, it seems that your statement is 80 % correct, so far - - - .
If the GOP is looking to pass amnesty of illegals, I don't think they have any intention of taking back the Senate. The party is controlled by Lefties, even though conservatives outnumber them - they are perfectly fine with Democrats controlling things.
Crime rates are going up everywhere. In my neighborhood in NW Houston it’s almost doubled. Not far from me an illegal broke into a home in broad daylight and raped the woman in front of the kids. It may be time to start breaking some eggs so we can make some omelets.
The conservative position is no tariffs and no income taxes.
Pass a constitutional amendment top repeal income taxes at all levels (local, state, national, and international (via nuclear warfare if necessary)). Institute a consumption tax to pay for the legitimate (drastically scaled down) needs of government. Institute an immigration policy designed to gently suck the brains out of the rest of the planet.
It sounds like a wise parent will train his children to have his own business or trade.
That’s probably always been true.
Being honest, we know that employment has NOT improved. Supposedly, the FED was holding off on easing QE until employment improved.
They know as well as we do that the employment situation has not really improved.
Their plan was to pull back on QE, which as we know has inflated the stock market but held down their benchmark inflation items (not the inflation that matters to people food, fuel, and consumer goods costs.)
So, with a terrible economy, near record numbers of people not working, and record people on food stamps and unemployment, Bernanke wanted a course that would deflate the stock market, cause the national debt payment to skyrocket, and cause general inflation to rise. Bernanke gets replaced by Yellen. She supposedly still likes the QE route. The other Fed directors don’t, supposedly, but she’s Barack’s pick.
Will she reinstitute QE to keep the stock market humming until after the mid-term elections, or will she begin the easing which will tumble the economy? I think it depends on if she supports Hillary, and whether it’s better to let the blood flow in 2014 or to hold it off until 2017.
The economy is terrible, but masked by an inflated Stock Market and chicanery with employment numbers and other government numbers. To let inflation go crazy would impoverish the lower middle and middle middle classes.
What is their game? Do they want revolt, the justification for a coup, a convention rewriting the Constitution, or just to suck off immense wealth and power for themselves?
If the wealthy and powerful can get rid of that pesky need to play within the rules of elective government in a republic, then that might be their endgame. But they know that a new aristocracy will also have intrigue until one emerges as the top dog. Perhaps they believe that will be them. Perhaps they want a ruler, whether called the “dictator of the proletariat” or simply Your Highness. Perhaps they want this in an eventual one world system.
What I’m convinced of, though, is that they want radical changes in this system and the current power structure. Economic policy is one way, they think, to bring the current system to its knees and eventually to its waterloo.
A tariff is a consumption tax. A tariff in theory can be a useful tool, although government can never be trusted with it. I think city governments should be allowed to build border walls and impose city level import taxes, but mainly because I hate cities and wish them big gov misery.
Fixed.
Your original post is so un American it's funny.
Thanks JimRob.
The only tariffs that are Constitutional are import duties on goods from other countries. Tariffs between states, cities are unconstitutional.
My husband is as well. Even with his ME degree and oil field experience—nothing. The companies he has talked with are all in a “wait and see” mode. We are praying that the new year brings new opportunities.
Prayers for you!
I wish I could laugh, cuz that's funny.
The unemployment rate is currently defined as those people collecting unemployment benefits. When the benefits run out, you are "no longer seeking employment."
The real unemployment rate is probably between 17-25%. My experience in looking for work at various times during the last five years confirms that. It's absolutely brutal out there.
Let's call the employment collapse what it is, "The Obamacare Dividend."
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