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Old 08-05-2012, 09:36 AM
Franc Tireur Franc Tireur is offline
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The Employment In The United States Is Lower Than It Was During The Last Recession

Did you know that a smaller percentage of Americans are working today than when the last recession supposedly ended? But you won't hear about this on the mainstream news. Instead, the mainstream media obsesses over the highly politicized and highly manipulated "unemployment rate". The media is buzzing about how "163,000 new jobs" were added in July but the unemployment rate went up to "8.254%". Sadly, those numbers are quite misleading.

According to the Bureau of Labor Statistics, in June 142,415,000 people had jobs in the United States. In July, that number declined to 142,220,000. That means that 195,000 fewer Americans were working in July than in June. But somehow that works out to "163,000 new jobs" in July. I am not exactly sure how they get that math to add up. Perhaps someone out there can explain it to me. Personally, I find that the "employment rate" gives a much clearer picture of what is actually going on in the economy.

The employment to population ratio is a measure of the percentage of working age Americans that actually have jobs. When it goes up that is good. When it goes down, that is bad. In July, the employment to population ratio dropped from 58.6 percent to 58.4 percent. Overall, the percentage of working age Americans that have jobs has now been under 59 percent for 35 months in a row.

The following is a chart of the employment to population ratio in the United States over the past 10 years....

Well this game was played over and over again by the mainstream media that employments were added....165,000 jobs added...blah blah blah, this is the best joke ever.

Look how they worded the article:
According to the Labor Department report, U.S. employers added 163,000 jobs in July, the highest such figure since February, and one that outpaced expectations for the month.

Do you know that each month approximately 300,000 people retire according to this article:

10,000 Boomers to Retire Each Day for 19 Years

So my point is that 165,000 jobs are not even enough to replace the people retiring. I am not even talking about jobs shipped overseas.

What are your thoughts on this matter?
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Old 08-05-2012, 01:17 PM
billzo billzo is offline
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In January 2012, over 2.6 million jobs were actually lost. It is normal for the economy to shed jobs after Christmas. The Obama administration (which is in charge of the Department of Labor which produces the jobs figures) applied a 2.9 million job "seasonal adjustment" to the actual job losses to produce a HUGE! number of jobs created of 244,000 (or whatever). That figure was later revised upward to 275,000 jobs.

Anyone who knows anything about economics knows that the economy is slowest in January. It's the dead of winter, the Christmas spending binge is over, and all seasonal workers are let go. Yet, the economy magically created a humongous number of jobs during a normal period of economic dormancy.

Amazing, isn't it?

The fact of the matter is that the little job creation during the Obama administration has been weak, far below that required to accommodate population growth. Just that fact alone means the unemployment rate should be ticking up.

Another crucial fact is that millions of workers have dropped out of the workforce, which is why the unemployment rate has dropped from 10%. Adding back the dropouts, the real unemployment rate would exceed 10% easily. Add in the millions of illegal immigrants for whom Obama has declared amnesty and is helping get work permits, and the real unemployment rate is probably closer to 12%.

A shrinking workforce combined with population growth and immigration is not a good sign. One thing that is said is that the labor force is shrinking because of retirements. Really? If that is true, that is a very bad sign because the retiring workers are not being replaced.

The number of jobs in the economy is still going down no matter which excuse is used to explain it.

Last edited by billzo; 08-05-2012 at 01:25 PM.
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