Posts Tagged ‘Unemployment’

Trump Trumps Never-Trump

The Perpetually Re-elected Progressive Elite, the Corporations Once Known as the Mainstream media, and their pet poodle pundits make fun of Trump by calling him a “Reality TV Star.”  They just don’t get it. Half the country wishes they were reality TV Stars.  They say he is brash, uncouth, and disrespectful to the army of political hacks he has been and will confront. They just don’t get it. People want someone who will stand up for the Country Party in the face of the Government Party that has controlled both major parties for so long.

The list of disconnects between the imperial rulers in Chicago-on-the-Potomac and the great unwashed out here in fly-over country is massive.  It is easily more than enough to define a complete breakdown in the social contract of a limited government.  A social contract forged in the Declaration of Independence and enshrined in the Constitution which defines the legitimacy of the current regime.

The Progressive megaphones tell us this is the strongest economy in American History and that President Obama is the greatest chief executive of modern times.  They even fantasize about the “Obama Boom.”  Working people laugh when you try to sell them this obvious propaganda. The government tells us that we have reached full employment.  Anyone who reads should know that over ninety-three million able bodied Americans no longer work and only a little over 150 million are working.  Yet the government tells us there is 5% unemployment when the numbers say it is closer to 40%.  Our leaders tell us there is no inflation no matter how many trillions of fiat dollars they print, and all of us who shop for our own food, buy our own clothes, or pay utility bills know otherwise.

They tell us we won the war in Iraq.  We may have won it by the time King George II left but since Prince Obama got his hands on it ISIS tells us we haven’t.  Our leaders say we have won in Afghanistan.  Everyone in the world knows that the minute we leave the Taliban roll right back into Kabul and the sock puppets we have been supporting all these years as the leaders of a democratic Afghanistan will be flying to Switzerland in 747s filled with American taxpayer’s cash.  We are told Obamacare is a great success. Anyone who had insurance before it started knows that if you like your doctor you can keep your doctor has to be tempered by increased fees, increased deductibles, increased co-payments, and decreased covered services.

They tell us and they tell us and they tell us, we just don’t believe them anymore.

If these belchers of beltway bromides think every day working Americans swallow any of this they have seriously underestimated our intelligence, our interest, and our attention spans.

I have the opportunity to travel the country throughout the year.  I take what some call back roads, the secondary roads that parallel America’s vast Interstate system and that still goes through small towns instead of bypassing them and homogenizing everywhere in to anywhere.  I try to stop at Mom-and-Pop restaurants and take every opportunity possible to talk with people about the issues of the day.  Here’s what I find, Trump, Trump, Trump.

I believe the polls are skewed.  Perhaps people don’t want to say they are for Trump because they know the pollsters will look down on them as simple country bumpkins, racists, or reactionary supporters of old dead white guys.  Perhaps they are talking to those who are at home when the workers are busy working.  Whatever the reason I believe, and I predict that Trump is going to beat Hillary like a drum.  He is going to win in a landslide, and he is going to drag the Republican Party that tried to reject him along for the ride.  I am predicting that due to his wave election coattails the Republicans will increase their majorities in the House and the Senate.

What is the cause of this phenomenon?  Generations of politicians who run as outsiders and who become insiders as soon as they enter the moral and patriotic black hole and before they start swirling in the DC drain to their life-time pensions.  Generations of politicians who sold us out in so-called free trade deals that gave others a free pass into our markets while keeping their own locked to us.  Generations of politicians who have spent us into oblivion, printed more money that there is paper, and borrowed so much money from other nations that we are now the world’s greatest debtor.

So who is to blame for the coming over throw of the twin headed bird of prey that is the Government Party of Power: the politicians themselves. Living in their bubble asking why those who have no bread don’t eat cake they have no idea of what is coming.  Their pollsters are polling themselves and providing the information their paymasters want to see.  And all the while out here in the Heartland a tsunami is brewing that will wash them all away.

To paraphrase what Phil Ochs said so long ago,

In tattered tuxedos they faced the new heroes
And crawled about in confusion
All the hands raised, they stood there amazed
In the shattering of their illusions

Many of the nattering nabobs of negativism who dominate the 24 hour news cycle have been waiting expectantly for Trump to make one mega-gaff that will destroy his campaign.  To hear them crow you would believe he made it when he resurrected the phrase, “America First.”

First used as the name of a widely based organization that sought to keep us out of World War Two.  Then it was used in the nineties by Pat Buchanan in his prescient campaign to save America from the one-worlders.  The left has done their best to make this a catch phrase for defeat because they hate not only what it says but what it implies.  The Elite political class has sought to make it an unutterable phrase condemned by political correctness and exiled because in their minds to even say America First is to defile their one world religion.  They may believe they have tarnished the concept with 75 years of negative propaganda and indoctrination but still 57% of American citizens believe in America First, they want an America First foreign policy, an America First trade policy, and an America First immigration policy.  They want an America First president.

My prediction: After all is said and done, after all the dust settles, after Crooked Hillary goes home to lick her wounds, after the neo-con talking heads and their K-Street financiers realize the prize has slipped from their hands it will end up that Trump Trumps Never-Trump.

Dr. Owens teaches History, Political Science, and Religion.  He is the Historian of the Future @ © 2016 Contact Dr. Owens  Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens


Why They Lie To Us

There are some things that are more than uncomfortable, they are almost unbearable.

One of those things is poverty.  They say if all you have ever known is poverty it isn’t so bad because you don’t know any better.  I always think that people who say that have never been poor.  Since from time immemorial there has always been someone who has it better and if not there is always the iron clad law of “The Grass is always greener in someone else’s pasture.”

When Glug the caveman dragged himself back to his little efficiency cave and tried to feed his wife and kids with the little rabbit he was able to kill and his neighbor Gork in his sprawling Mammoth Cave compound next door feasted his family and the local witch doctor on prime rib of mastodon you can bet Glug knew the difference even though he had never experienced the difference.

However there is something even worse than being poor.  That is being poor again.

Another of those nearly unbearable things are people who lie to your face over and over and over and they continue to lie to your face even when they know you know they are lying?

However there is something worse than this.  That is being so pliable that you never call them on the lie.  Maybe it is because you have never taken the time to investigate their statements enough to recognize a lie.  Perhaps it is because you have heard the lie all your life and you have merely accepted it as fact.  Or could it be because standing up and telling liars they are lying takes moral courage, internal fortitude and backbone.

As Lenin, Adolf Hitler, his propaganda Minister Joseph Goebbels and many other totalitarians, utopians and other statists have often said, “A lie told often enough becomes the truth.”  This is the operational dictum our Elites seem to be operating on.  From every mouthpiece and source the lies are trumpeted over and over.  From the classroom to the newsroom, from the debate to the campaign, from the courthouse to the capital over and over the party line goes forth.

Our Elites appear to operate on principles gleaned from George Orwell’s 1984, such as;  “And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. ‘Who controls the past’ ran the Party slogan, ‘controls the future: who controls the present controls the past.’”   They use words in the same fashion as Orwell’s Ministry of Truth, “War is peace. Freedom is slavery. Ignorance is strength.”

And our Elites’ dual headed party of power seems to have adopted the guiding philosophy of Orwell’s Party. “The Party seeks power entirely for its own sake. We are not interested in the good of others; we are interested solely in power. . . . Power is not a means; it is an end . . . not power over things, but over men. . . . In our world there will be no emotions except fear, rage, triumph, and self-abasement. . . . There will be no loyalty, except loyalty toward the Party. There will be no love, except the love of Big Brother. . . . Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a human face forever.”

Every candidate and commentator whenever they refer to illegal immigration they base their profundities on the figure 11 million illegals.  Whether they were for them or against them this was the figure everyone agreed on.  Listen to the news.  Read the newspapers.  Tune in to the endless campaign commercials.  Listen to a lecture in a public classroom and this is the number you will hear every day, all day, and at least twice on Sunday.  It might be 11 million living in the shadows.  It might be 11 million who need to be deported.  It might be 11 million who are doing the jobs Americans won’t do.  Whatever the context, it is always the same number.  So no matter how the world seems to have changed around us the number leveled off at 11 million. War is peace. Freedom is slavery. Ignorance is strength.

The interesting thing about that number is that it hasn’t changed since 2005 and even then so-called experts on counting the uncountable thought there could be as many as 20 million.  Have people stopped coming?  Does the immigration service run the country with the efficiency of security guards at an overcrowded Walmart; no one comes in unless someone else leaves?

And this is not the only example.

Think of the Vietnam War.  It ended in 1973 with the Paris Peace Accords.  Henry Kissinger won the Nobel peace Prize for negotiating this peace.  In these accords North Vietnam acceded to our demands, they stopped fighting and returned the known and acknowledged POWS.  In 1973 America won the Vietnam War: all combat troops left and for the United States the war was over.

For two years the South Vietnam we had fought to protect stood as an independent nation.  They held a democratic election, the opposition won, and there was a peaceful transfer of power.  Then in 1975 after so many former anti-war and anti-government agitators had been elected what was then called the Watergate Congress made it abundantly clear that no matter what happened we would not support or even re-supply the South the North invaded.  The dispirited southerners threw down their guns and surrendered.

Every time the Vietnam War is mentioned in print, in class, on TV, or radio we are told it was a debacle, we lost, it was a mistake, and we are regaled with photos of people hanging from helicopters trying to escape the victorious communists or of bulldozers pushing planes off aircraft carriers.  The problem with these pictures are that the people hanging from the helicopters were our South Vietnamese allies whom we had abandoned to the communists and the planes being pushed off the decks of our carriers were South Vietnamese jets and we were trying to make room for more to land who were fleeing the collapse we had caused.

If we left in 1973 as victors of the Second Vietnam War and the Third Vietnam War ended in 1975 how do you lose a war if you aren’t there?

Other lies that are force fed to a silent nation:

Women are a minority.

Illegal Immigrants only take the jobs Americans won’t do.

The national debt is sustainable.

There is no inflation.

Unemployment is ___%

The Supreme Court issues settled law.

Due to the restraint of time and space this list is not meant to be all inclusive.

How long will we sit silent as we are fed these lies?  What happens if we sit for too long?  We eventually tune them out or we come to act as if what we are spoon fed is true. Either way the Elites win as We the People are forced to pay taxes to hire teachers to indoctrinate our own children in the lies.

We all know that the truth is the truth and non-truth is the lie.  Yet because of political correctness, peer pressure, and the uniformity of the media megaphone we know that some truths must never be said and some lies are repeated endlessly.

Looking to the examples given to us in Orwell’s 1984:

“Freedom is the freedom to say that two plus two makes four. If that is granted, all else follows.”   And, “For, after all, how do we know that two and two make four? Or that the force of gravity works? Or that the past is unchangeable? If both the past and the external world exist only in the mind, and if the mind itself is controllable – what then?”

Why do they lie to us? Because it advances the agenda, maintains the power of the Elites and because we allow it go on this raises the same question, “What then?”

Dr. Owens teaches History, Political Science, and Religion. He is the Historian of the Future @ © 2015 Contact Dr. Owens Follow Dr. Robert Owens on Facebook or Twitter @ Drrobertowens / Edited by Dr. Rosalie Owens


More Than 92 Million Americans Remain Out Of Labor Force

Job Seekers Look For Work At Career Fair In Detroit

More Than 92 Million Americans Remain Out Of Labor Force

WASHINGTON (CBSDC/AP) — Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. (Actual number is 12.3%) The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a jobas unemployed.
The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March.
The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force, which includes an aging population that is continuing to head into retirement.
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“The labor force participation rate fell by 0.4 percentage point to 62.8 percent in April. The participation rate has shown no clear trend in recent months and currently is the same as it was this past October. The employment-population ratio showed no change over the month (58.9 percent) and has changed little over the year,” the bureau said in a statement.
The number of unemployed Americans decreased by 733,000 to 9.8 million last month.
“The number of long-term unemployed (those jobless for 27 weeks or more) declined by 287,000 in April to 3.5 million; these individuals accounted for 35.3 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 908,000,” the press release stated.
Employers have now added an average of 238,000 jobs the past three months, up from 167,000 in the previous three.
“Not only is job growth continuing, but it is accelerating,” said Patrick O’Keefe, director of economic research at the accounting and consulting firm CohnReznick.
Sal Guatieri, an economist at BMO Capital Markets, said the surge in hiring “signals that American companies are optimistic the economy will snap back smartly after the largely weather-related slump in the first quarter.”
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The fall in the unemployment rate was due mainly to the exodus of people who stopped looking for work. O’Keefe said he was surprised by the 806,000 drop in the number of Americans either with a job or seeking one. But he noted that that figure is volatile from month and month and that during the first three months of 2014, nearly 1.3 million people had poured into the labor force.
The White House posted on its blog that businesseshave added more than 9.2 million jobs over the past 50 months.
“The employment data can fluctuate from month-to-month, and while this month’s report happens to be above expectations, it is still broadly consistent with the recent trends we have been seeing in the labor market,” Jason Furman, chairman of President Barack Obama’s Council of Economic Advisers, wrote on the White House blog. “The President continues to emphasize that more can and should be done to support the recovery, including acting on his own executive authority to expand economic opportunity, as well as pushing Congress for additional investments in infrastructure, education and research, an increase in the minimum wage, and a reinstatement of extended unemployment insurance benefits.”
House Speaker John Boehner called the jobs report “troubling.”
“[W]hile it’s welcome news that more of our friends and neighbors found work in the past month, this report also indicates more than 800,000 Americans left the workforce last month, which is troubling,” Boehner said in a statement. “We need more robust economic growth if we’re going to help the millions who remain unemployed get back on their feet.”

Leisure studies prof rebukes Republicans for liking jobs, lauds Obama for unemployment

A professor of leisure studies at the University of Iowa has written a 1,278-word essay excoriating Republicans for criticizing both unemployment caused by Obamacare and unemployment generally.

Also, there is such a thing as a leisure studies major at taxpayer-supported American universities.

The essay by Benjamin Kline Hunnicut, entitled “Why Do Republicans Want Us to Work All the Time?
Hunnicut begins by admitting that the Congressional Budget Office has forecast that the Affordable Care Act “will effectively reduce the U.S. work force” by 2.5 million jobs “over the next decade.”

He then criticizes Republicans for calling 2.5 million lost jobs undesirable

“The president’s critics, in high dudgeon, are fulminating about lay-abouts and scofflaws actually choosing to work less than what God intended, predicting a host of ills that will supposedly befall the nation, from moral turpitude to economic ruin,” Hunnicut writes.

The leisure studies professor then lays out his vision of the “American Dream,” which largely involves Americans forgoing their desires “to consume bigger houses, fancier clothes” and “faster cars.”

He suggests that society would improve if people would focus on the kind of happiness he enjoys instead of “acquiring more stuff.” Specifically, he says Americans should “devote more and more of our lives to the ‘pursuit of happiness.’”
For Hunnicut, the “pursuit of happiness” includes “the increase of knowledge,” “the enjoyment of nature,” “increasing delight in the marvels of the human spirit” and “expanding our awareness of God.”

Hunnicut does not explain how people will sit around idly and also pay for these pursuits. However, he does co-opt a large number of dead historical figures on his own behalf including John Maynard Keynes, Ralph Waldo Emerson, Henry David Thoreau, W. K. Kellogg and Henry Ford.

The specialist on spare time laments the fact that Americans who have full-time jobs “now average about five weeks longer on the job each year than” in 1976. He claims that “median incomes are stagnating,” too.

Hunnicut calls this set of facts “one of the great mysteries of the modern age.” After a cursory rejection of a couple possible explanations, he suggests: “Work is now viewed as an economic end in itself rather than a means to better purposes. Work for more work has become the organizing principle of society, embodied in public policy and in the politician’s mantra: JOBS, JOBS, JOBS.”

The expert on vacation science also wants a “sustainable alternative to perpetual economic growth.”

As far as Hunnicut’s own job as a full-time leisure studies professor, students at the University of Iowa give him mediocre marks at the website Rate My Professors.

Happy students say Hunnicut “opens your eyes and truly connects the dots in the grand scheme of things.”

More critical students call Hunnicut an “awful teacher” who is “very boring” and “really confusing.” Another student summarily calls him “the worst teacher I had at Iowa.”

“This guy sucks,” says still another student, “but I enjoy the comb over.”

Read more:

Obamanomics: Unemployment Falls Because Nobody’s Looking For Work

by Ben Bullard

According to the Bureau of Labor and Statistics, the American economy added 74,000 jobs in December of 2013 – and yet the unemployment rate still managed to fall from 7 percent to 6 percent.
How can that be? Because nobody’s looking for work.
The civilian labor force in December shrank again, this time from 155.3 million to 154.9 million people. By percentage, that means the current 62.8 percent participation rate in today’s labor force is the lowest it’s been since 1978.
Meanwhile, there are now 91.8 million people not participating in the labor force – an all-time high that shows no sign of slowing down. About half a million people dropped out of the labor force in December alone, far outpacing the meager 74,000 added jobs.
The employment-to-unemployment ratio sits stagnantly at 58.6 percent to 41.4 percent. For all of 2013, the economy grew by an average of 182,000 jobs each month – more than double the December figure. And the matrix of 74,000 new December jobs can’t be envied for its quality. The retail sector was responsible for 55,000 of those jobs – 24,000 of which were in food and clothing stores.
In fact, if the labor force had held steady at its 2009 level of 162 million – before a “post-recession” decline that saw an additional 7 million people drop out – the actual unemployment rate would now stand at 10.8 percent. But the BLS doesn’t use workforce dropouts to tally unemployment, even though people who don’t have jobs and aren’t looking for work are, by definition, unemployed.

More Than 101 Million Working Age Americans Do Not Have A Job

What a Waste: $3.3B Paid Out in False Unemployment Claims in 2011

unemployment line
Imagine being unemployed and still being able to build a lakefront home, all you need is a little taxpayer money. Private investigator Bernie “The Bug” Soldate says he’s seen that, and worse, while trailing fraudsters who are making false unemployment claims.
“This guy, who was collecting in Connecticut, built a home on a lake– it was a palace,” Soldate says. “He wasn’t looking for work, he was just building his home.”
Soldate tells the story of another claimant that had files of accomplices in human resources departments who was in an arrangements with to bilk the system. This fraudster was on his second round of unemployment and had notes to “call Ted, and remind him that if the [government] calls to say I went to him looking for work and was wonderful, but wasn’t a good fit for the job.”
“People in HR departments would sign him off as looking for work when he wasn’t because they were his friends,” he says. “This is just the tip of the iceberg– people get more and more creative.”
According to a recent study, unemployment fraudsters are costing the government billions of dollars. The St. Louis Federal Reserve reports $3.3 billion out of a total $108 billion was paid out in fraudulent unemployment claims in 2011. What’s more, $2.2 billion went to people who are actually still working.
Current unemployment insurance is provided for up to 26 weeks, but can be collected for longer if state unemployment rates are higher– for an additional 13 weeks. During the recession lawmakers extended benefits for up to 99 weeks, however this ended in September 2012.
James Sherk, senior policy analyst at the Heritage Foundation, says pre-recession, unemployment benefits were being paid out at around $40 billion a year. Post- recession the program has nearly tripled to more than $100 billion, making the opportunity for fraud to occur even greater.
“The aggregate amount of fraud has gotten worse, because the program is bigger,” Sherk says. “These [fraudulent claims] are being paid out at higher rates than the $1.6 billion we are paying for the Job Core training program for at-risk youth.”
Sherk does point out, that while $3.3 billion is still a huge number, its roughly just 3% of the total amount being paid out.
“It’s still an enormous amount of money,” he says.
Who is Benefitting and How?
The St. Louis Fed reports those earning the lowest, at $300 a week and less, were paid out $210 million of these fraudulent claims. Half a billion went to those earning $900 a week or more.
Soldate says many of these claims come from people working in manual labor, mainly construction, who can easily find work that pays under the table.
“They collect unemployment and continue to do side jobs on their own,” he says. “They’re easy to watch [for investigators] because we can see them easily.”
What’s more, these fraudsters will actually give their employers bogus social security numbers. So it appears to payroll department that they are legitimate, but when push comes to shove, they aren’t who they claim to be.
“They will collect their paycheck, and when all is said and done, they are not who they say they are,” he says.
And convicted felons? They’re cashing in too. Sherk says those behind bars will have their family or friends file claims, and then collect while actually serving time.
“Being a convicted felon doesn’t make you eligible for this,” he says. “The focus [from the government] over the past few years has been to get the money out the door and to the people.”
Finally those who have actually found work will ride out their 26 weeks or more of unemployment and just not alert the government that they have a new job, Sherk says.
“They were people who legitimately qualified for benefits, but then wait awhile to tell the government that they have a job in the first place,” he says.
How Can the Government Fix It?
The Labor Department, which declined to comment for this story, directed to its recent efforts in providing grants to states to bolster their Unemployment Insurance Program integrity. In September 2012, $169.9 million was awarded to 30 states to enhance their programs
To cut down on the amount of wasteful spending, Soldate says the government needs to follow up on received tips. He says,many times disgruntled exes will report their former flames to companies or the government for this type of fraud, but it isn’t always followed up on.
“The government [may] realize enough of them are doing it, but don’t have the manpower or means to come out and investigate a claim of that nature.”
Sherk says having a greater vetting process is also essential to curbing this type of fraud.
“What needs to be done to fix this are more intensive requirements,” he says. ” By definition, this shouldn’t be happening.”

Read more:

The American workforce collapses on top of the young

by John Hayward

Here’s a simple media analysis tool for you: if you hear a “news report” describing the March unemployment report as good news in any way, you are listening to a propaganda operation, a political organ of the Democrat Party, not a “news organization.” Make a note, and treat all further “news” from this source with great suspicion, at least until you receive word of large-scale staff turnovers.

There is absolutely nothing to celebrate about a month in which a mere 88,000 jobs were created – far below the level needed to keep pace with population growth, and even farther below the “expert” projections of 200,000 new jobs. Not after long years of merciless unemployment and anemic GDP growth, with numerous world crises and the job-smashing avalanche of ObamaCare on the horizon. This economy is nowhere near strong enough to face the challenges that are coming, and there really aren’t any good surprises to hope for.

At the same time job creation went off a cliff, an astounding 496,000 people departed the workforce entirely. Workforce contraction is one of the big under-reported stories of the Obama era. Just about every monthly “reduction” in the official unemployment number has been “achieved” due to people giving up and ceasing their search for work, which takes them out of the equation. And this situation is not improving. The official unemployment rate just “dipped” to 7.6 percent, but if we still had the same size workforce that existed just one year ago, it would be 8.3 percent. Barack Obama has given the America of 2013 the workforce of 1979. Forward!

Obama apologists love to mumble about “demographics” when forced to confront the workforce collapse. It would seem reasonable to suppose that some of the people exiting the job market are retirees. The Baby Boom is reaching its golden years, a demographic tsunami that will soon annihilate the social programs we’ve been told not to think too carefully about. As they get older, they stop working.

But demographic shifts are not nearly enough to explain the timing or magnitude of the workforce decline. If they were, we would expect to see a low unemployment rate among young people, drafted into companies to replace the retiring cohort. In a healthy economy, large numbers of jobs would not vanish from attrition when a senior employee retires, particularly given that retirees remain consumers. The money they spend throughout their retirement should be creating job demand. Obama is a great believer in the consumer-driven economy, isn’t he?

Instead, we’ve got crushing unemployment among the young. The overall unemployment rate for ages 18-29 is 11.7 percent, rising to 12.6 percent for Hispanics, and 20.1 percent for African-Americans. And they’ve been dropping completely out of the workforce in horrifying numbers, too. Generation Opportunity, which studies employment trends among young people, says that “If the labor force participation rate were factored into the 18-29 youth unemployment calculation, the actual 18-29-unemployment rate would rise to 16.2 percent.”

And that’s not all. Contrary to the “aging population equals workforce decline” spin, ZeroHedge says we actually have an “age-bifurcated jobs market” in which older workers are actually doing far better than young people:

Since the arrival of Obama, the US workforce has been effectively split into two separate job markets: those 54 and younger (condolences) and those 55 and older. Specifically, since January 2009, the number of jobs created has been focused solely on the gerontocratic component of the US labor pool, those aged 55 to 69 (or more – gray line below), and who can no longer afford to retire as expected thanks to Bernanke’s genocidal ZIRP policies which have made a mockery of savings.

These older workers have seen a grand total of 4.02 million cumulative jobs created. Everyone else (or those 54 and younger – red line below)? A grand total of 2.8 million jobs lost, and now deteriorating once more, with those in the prime work demographic of 25-54 having lost the most jobs, 2.2 million, since the coming of Obama.

Here’s the graph ZeroHedge refers to, which throws that age-bifurcated job market into stunning, sharp relief:


This is not a demographic shift moving older people out of the working population. It’s a combination of older people who can’t afford to retire, plus employers desperate to retain experienced employees, even as they shed jobs to survive in Obama’s economy. Thanks to ObamaCare, the cost of labor is skyrocketing. The law gives employers hard, cold reasons to reduce the number of full-time employees. Why gamble on untested, inexperienced young people when you can hang on to senior staffers, who are nervous about retirement?

And remember, our huge student-loan bubble means a lot of younger people are delaying entry into the workforce, both when seeking first jobs and when attempting to build more serious careers. High employment among twentysomethings mixes with that mountain of student-loan debt to tell a very sad story.

I also find myself wondering how the dissolution of the traditional family plays into the high unemployment among young people. It might prove difficult to gather the data needed to prove it out, but I wonder how much kids are suffering from the absence of a father who can prevail on personal or business connections to help them find that first job, begin an apprenticeship, or begin a career. Moms can do those things too, of course, but there’s no doubt that the single-parent family leaves kids with one less parent to open doors for them. And those parents are often younger, and working less stable, shorter-term jobs. The connections needed to give their children a hand into the job market are less common than they used to be. A powerful, subtle network that once helped young people interface with the job market has gone offline.

A growing population should bring more opportunities. Each new person is both a provider of labor, and a consumer of goods and services. All have needs, and all have something to offer in return. It is profoundly disturbing to watch so many people slide off the grid, year after year, becoming dependents instead of participants. And bringing them back into the workforce will not be easy – anyone who has suffered long-term unemployment can tell you how tough it can be to get back into the game, when your resume has gaps months or years wide. When the job market does come back, experienced workers will have a great advantage over young people.

But it might not be coming back any time soon, because Barack Obama dragged America so far to the Left that the effective strategies for a true, healthy recovery – tax cuts, de-regulation, privatization, and above all the repeal of ObamaCare – are unthinkable. The political class won’t even discuss the things we should be doing. All we can do is wait for the next round of excuses from sweaty political hacks and their public-relations teams in the “news” room.

FUNNY NUMBERS AGAIN -Government's 'headline' statistics hide true conditions

The real unemployment rate for December 2012 is closer to 23 percent, not the 7.8 percent reported by the Bureau of Labor Statistics, according to economist John Williams.

Williams, author of the Shadow Government Statistics website, argues that the federal government manipulates the reporting of key economic data for political purposes, using methodologies that tend to mask bad news.

In the BLS news release Jan. 4, the unemployment rate for December 2012 was reported to have remained unchanged at 7.8 percent.

Williams recreates a ShadowStats Alternative unemployment rate reflecting methodology that includes the “long-term discouraged workers” that the Bureau of Labor Statistics removed in 1994 under the Clinton administration.

The BLS publishes six levels of unemployment, but only the headline U3 unemployment rate gets the press. The headline number does not count “discouraged” unemployed workers who have not looked for work in the past four weeks because they believe no jobs are available.

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Williams has demonstrated that it takes an expert to truly decipher BLS unemployment statistics. For instance, in Table A-15, titled “Alternative measures of labor underutilization,” the BLS reports what is known as “U6 unemployment.”

The U6 unemployment rate is the BLS’s broadest measure. It includes those marginally attached to the labor force and the “under-employed,” those who have accepted part-time jobs when they are really looking for full-time employment. Also included are short-term discouraged workers, those who have not looked for work in the last year because there are no jobs to be had.

Since 1994, however, the long-term discouraged workers, those who have been discouraged for more than one year, have been excluded from all government data.

While the BLS was reporting seasonally adjusted headline unemployment in December 2012 was only 7.8 percent, it was also reporting the broader U6 seasonally adjusted unemployment in December 2012 was 14.4 percent.

In his subscription newsletter, Williams contended the “headline changes” reported by BLS for the December 2012 unemployment rate of 7.8 percent “lack statistical significance.”

“To the extent that there is any significance in the monthly reporting,” he said, “it is that the economy is not in recovery, and that unemployment has made a new high, at a level that rivals any other downturn of the post-Great Depression era.”

The only measure BLS reports to the public as the official monthly unemployment rate is the headline, seasonally adjusted U3 number.

Williams calculates his “ShadowStats Alternative Unemployment Rate” by adding to the BLS U6 numbers the long-term discouraged workers, those workers who have not looked for work in more than a year but still consider themselves to be unemployed.

Williams believes that his ShadowStats Alternative Unemployment measure most closely mirrors common experience.

“If you were to survey everyone in the country as to whether they were employed or unemployed, without qualification as to when they last looked for a job, the resulting unemployment rate would be close to the ShadowStats estimate,” Williams explained to WND.

The headline BLS unemployment rate has stayed relatively low, because it excludes all discouraged workers, Williams argues.

As the unemployed first become discouraged and then disappear into the long-term discouraged category, they also vanish from inclusion in the headline labor force numbers. Those workers still are there, however, ready to take a job if one becomes available. They are unemployed and consider themselves to be unemployed, but the government’s popularly followed unemployment reporting ignores them completely.

Here is a more complete unemployment table that includes the seasonally adjusted unemployment percentages for U3 unemployment, as well as the same for U6 unemployment, followed by the ShadowStats Alternative Unemployment rate for both December 2011 and December 2012:
Increasingly, critics like Williams believe the seasonally adjusted U3 numbers reported by the BLS as the official monthly unemployment rate do not give a reliable picture of the true magnitude of unemployment in the United States.

The definitions used by the BLS exclude from the calculation of the monthly U3 unemployment rate anyone who has not looked for work at any time during the past four weeks. Those workers are considered to be “discouraged” and “not in the labor force.”

In the U6 calculations, the discouraged workers are only those who have actively looked for work in the past year.

The BLS definitions don’t consider those who would look for work if there were a reasonable chance they could find employment.


Fed's Fisher says U.S. "drowning in unemployment"

RICHARDSON, Texas (Reuters) – The United States is “drowning in unemployment,” its economy is running at stall speed and inflation is “not a problem,” but easier monetary policy is not the answer, one of the Federal Reserve’s most hawkish policymakers said on Friday.
“We’ve had a recovery that is quite disappointing,” Dallas Fed President Richard Fisher told a group at the University of Texas at Dallas.
But without more certainty on tax policy and regulation, he said, “all the monetary accommodation in the world” will not get businesses hiring again.
The Fed this month said it would buy $40 billion in mortgage-backed securities each month to in an effort to boost employment, and pledged not to stop buying until the labor market improves substantially, as long as inflation remains under control.
The idea behind the program, known as quantitative easing, is to push down borrowing costs for home purchases and other investments, freeing up household cash. With consumers spending more, businesses are expected to boost hiring to meet the demand.
The trouble with that logic, Fisher said on Friday, is that businesses cannot make decisions about hiring as long as tax policy is in the air. Of particular concern is a raft of spending cuts and tax increases dubbed the ‘fiscal cliff’ that looms at the end of the year.
“A short-term fix to the fiscal cliff will do nothing but push out the envelope of indecision and we will continue to be plagued by high unemployment,” Fisher said.
Unemployment has been above 8 percent for more than three years; inflation is currently below the Fed’s goal of 2 percent.
Fisher, who opposed the new round of stimulus, said he agrees that the issue of the day is jobs and putting people back to work, but was concerned that the Fed could lose its focus on inflation.
“I do think that it would be a dangerous thing if we were to abandon containing inflation and inflation expectations to achieve employment targets,” Fisher told reporters after the speech. “We have to make sure that we carefully work on both fronts.”
Like some of his more hawkish colleagues, Fisher said his opposition to further easing also stemmed from worries over what will happen once the Fed needs to reverse course.
The Fed has kept interest rates at zero since December 2008, said it would likely keep them there through at least mid-2015, and bought more than $2.3 trillion in long-term securities to further lower borrowing costs. Many economists expect the Fed’s balance sheet to be well above $3 trillion by the time the current bond-buying program ends.
“We’ve never been here before so none of us know how we’re going to navigate out of this particular quadrant of the liquidity pool in this ocean of money. And what I’m concerned about is that we may be painting ourselves into a corner,” he said.
“We’ve done a lot … It’s not clear to me despite our theoretical ability to understand the tools very well, in practice, how we are going to get out of this.”
Fisher also said he was worried about “what it will look like” if the bond-buying program does boost the economy and rates start to rise, forcing the Fed to incur losses on its multitrillion-dollar portfolio of bonds.
In recent years the Fed has turned a hefty profit and sent most of the proceeds to the Treasury.
(Writing by Ann Saphir; editing by Chizu Nomiyama)

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