Showing posts with label cooking the books. Show all posts
Showing posts with label cooking the books. Show all posts
Monday, October 31, 2016
Obama 'Admin' Spends $3.6 Billion to Give $70 Billion in food stamp Benefits.
Obama 'Admin' Spends $3.6 Billion to Give $70 Billion in food stamp Benefits. HT :JudicialWatch.
Not only does the government spend a breathtaking $70 billion a year to give a record number of people food stamps, it wastes billions more to administer the bloated welfare program.
Some states spend a lot more than others to distribute the free food vouchers and the discrepancies are downright outrageous.
The government dedicates $3.6 billion annually just to administer food stamps (renamed Supplemental Nutrition Assistance Program—SNAP to eliminate stigma), according to a federal audit that includes mind-boggling figures.
For instance, California, the state with by far the largest food-stamp roll, spends a lot more than the national average to execute the federal nutrition program. Hmmm.....I wondered a long time what Canadian PM Trudeau meant with 'Growing the economy from the heart' ...i think i finally figured it out. Read the full story here.
Thursday, October 20, 2016
According to Pentagon data, the only money it spent in Syria from 2009-15 went to buying 150-odd teapots.
According to Pentagon data, the only money it spent in Syria from 2009-15 went to buying 150-odd teapots. (ToI).
In some odd news, The Bureau for Investigative Journalism based in the UK says that Pentagon data shows that the only money spent in Syria for six years was on Turkish teapots.
Source:
Make tea not war? According to #Pentagon data, the only money it spent in Syria from 2009-15 went on buying 150-odd of these Turkish teapots pic.twitter.com/vq51BFRLRU— The Bureau (@TBIJ) October 20, 2016
Saturday, June 7, 2014
"CHANGE" - 37.2%: Percentage Not in Labor Force Remains at 36-Year High, at that time, Jimmy Carter was president.
"CHANGE" - 37.2%: Percentage Not in Labor Force Remains at 36-Year High. HT: CNSNews.
The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.
In December, April, and now May, the labor force participation rate has been 62.8 percent. That means that 37.2 percent were not participating in the labor force during those months.
Before December, the last time the labor force participation rate sunk as low as 62.8 percent was February 1978, when it was also 62.8 percent. At that time, Jimmy Carter was president.
In April, the number of those not in the labor force hit a record high of 92,018,000. In May, that number declined by 9,000 to 92,009,000. Yet, the participation rate remained the same from April to May at 62.8 percent.
When President Barack Obama took office in January 2009, the labor force participation rate was 65.7 percent. By the beginning of 2013, the start of Obama’s second term, it had dropped to 63.6 percent. Since January 2014, when the participation rate was 63.0,it has continued to decline, hitting a 36-year low of 62.8 percent in May.
People in the civilian noninstitutional population who did not have a job and did not actively seek one in the last four weeks are considered “not in the labor force.” The number of Americans not in the labor force has climbed by 11,480,000 since Obama took office, rising from 80,529,000 in January 2009 to 92,009,000 in May 2014.Hmmm.....Reminds me of those 'Shovel ready jobs'.
Sunday, September 8, 2013
"Magical Numbers" - Number of Gov’t Workers Up 324,000 in One Month – Private Sector Down 278,000.
"Magical Numbers" - Number of Gov’t Workers Up 324,000 in One Month – Private Sector Down 278,000.HT: CNS.
The number of workers employed by the government went up 324,000 between July and August while the number of workers in the private sector declined 278,000, according to the Bureau of Labor Statistics (BLS).
In the employment numbers released today, the BLS shows there were 20,041,000 government workers in July 2013. In August, that number had climbed to 20,365,000 – an increase of 324,000 people on the government payroll.
That’s government employment level, seasonally adjusted, for male and female workers ages 16 and over.
At the same time, July to August 2013, the workforce in the private sector fell from 113,164,000 to 112,886,000 – a decline of 278,000.
Those are seasonally adjusted, private industry workers, ages 16 and over.
Monday, January 14, 2013
These 11 States Now Have More People On Welfare Than Are Employed, NINE of them have majority Democrat party affiliation.
These 11 States Now Have More People On Welfare Than Are Employed, NINE of them have majority Democrat party affiliation.(Forbes).(PA)."Death Spiral," proclaims a chain mail that an Austin reader brought to our attention Dec. 21, 2012.
That’s the headline on a U.S. map with 11 states highlighted and accompanying text that says, "These 11 states now have more people on welfare than they do employed."
We found the same message and map posted on blogs, discussion groups and Facebook. Even Texas’ attorney general tweeted about it Jan. 7.
The “death spiral” phrase and the 11 highlighted states — Alabama, California, Hawaii, Illinois, Kentucky, Maine, Mississippi, New Mexico, New York, Ohio and South Carolina — appear in a Nov. 25, 2012, Forbes column, and the map appears onscreen during a Nov. 29 Fox Business “Varney and Co.” report on the commentary piece.
But the criteria used to identify Forbes’ “death spiral” states were not as simple as welfare and employment.
Forbes investment strategies editor Bill Baldwin wrote that those 11 states were “at high risk of a fiscal tailspin” because they had many people who received money from the government but maintained policies that “chase out the private-sector jobs that support all that spending.”
Baldwin reached his conclusion by comparing “makers” and “takers.” For this purpose, he wrote, “a taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.” Then he factored in an index that downgrades states for “large debts, an uncompetitive business climate, weak home prices and bad trends in employment.”
The results, he said, showed states that were “danger spots for investors.”Hmmmm......What interested me in that post was the Party affiliation by state so here you Have it:
Party affiliation by state: Democrat - Republican Percentage
Alabama, 37% - 50%
California, 47% - 34%
Hawaii, 52% - 28%
Illinois, 49% - 35%
Kentucky, 47% - 40%
Maine, 45% - 39%
Mississippi, 43% - 43%
New Mexico, 43% - 39%
New York, 51% - 31%
Ohio 44% - 40%
South Carolina 37% - 47%
But the criteria used to identify Forbes’ “death spiral” states were not as simple as welfare and employment.
Forbes investment strategies editor Bill Baldwin wrote that those 11 states were “at high risk of a fiscal tailspin” because they had many people who received money from the government but maintained policies that “chase out the private-sector jobs that support all that spending.”
Baldwin reached his conclusion by comparing “makers” and “takers.” For this purpose, he wrote, “a taker is someone who draws money from the government, as an employee, pensioner or welfare recipient. A maker is someone gainfully employed in the private sector.” Then he factored in an index that downgrades states for “large debts, an uncompetitive business climate, weak home prices and bad trends in employment.”
The results, he said, showed states that were “danger spots for investors.”Hmmmm......What interested me in that post was the Party affiliation by state so here you Have it:
Party affiliation by state: Democrat - Republican Percentage
Alabama, 37% - 50%
California, 47% - 34%
Hawaii, 52% - 28%
Illinois, 49% - 35%
Kentucky, 47% - 40%
Maine, 45% - 39%
Mississippi, 43% - 43%
New Mexico, 43% - 39%
New York, 51% - 31%
Ohio 44% - 40%
South Carolina 37% - 47%
Sunday, October 7, 2012
ILLUSION OF RECOVERY – FEELINGS VERSUS FACTS - U.S. Real Unemployment is 42%!
ILLUSION OF RECOVERY – FEELINGS VERSUS FACTS - U.S. Real Unemployment is 42%!(TBP).
The last week has offered an amusing display of the difference between the cheerleading corporate mainstream media, lying Wall Street shills and the critical thinking analysts like Zero Hedge, Mike Shedlock, Jesse, and John Hussman. What passes for journalism at CNBC and the rest of the mainstream print and TV media is beyond laughable. Their America is all about feelings. Are we confident? Are we bullish? Are we optimistic about the future? America has turned into a giant confidence game. The governing elite spend their time spinning stories about recovery and manipulating public opinion so people will feel good and spend money. Facts are inconvenient to their storyline. The truth is for suckers. They know what is best for us and will tell us what to do and when to do it.
The drones at this government propaganda agency relentlessly massage the data until they achieve a happy ending. They use a birth/death model to create jobs out of thin air, later adjusting those phantom jobs away in a press release on a Friday night. They create new categories of Americans to pretend they aren’t really unemployed. They use more models to make adjustments for seasonality. Then they make massive one-time adjustments for the Census. Essentially, you can conclude that anything the BLS reports on a monthly basis is a wild ass guess, massaged to present the most optimistic view of the world. The government preferred unemployment rate of 8.3% is a terrible joke and the MSM dutifully spouts this drivel to a zombie-like public. If the governing elite were to report the truth, the public would realize we are in the midst of a 2nd Great Depression.Read the full story here.
Hmmmm.......Flashback May 2012 : MFS - The Other News U.S. Population - less than 50% of the total population works.
Saturday, October 6, 2012
Friday, October 5, 2012
"Rabbit Foot Obama?" - The Odd September Unemployment Rate: When Good Surveys Produce False Results.
"Rabbit foot Obama?" - The Odd September Unemployment Rate: When Good Surveys Produce False Results.(Heritage).J.D. Foster, Ph.D.
What’s behind the seemingly sudden drop in the unemployment rate?
While the economy stumbles along, no one would expect a sudden jump in employment. Job growth has averaged about 100,000 per month over the past six months, roughly consistent with other economic indicators suggesting slow growth. But the Labor Department reported today the unemployment rate fell from 8.1 percent in August to 7.8 percent in September, which makes a full half-point drop since July.
These results suggest something very strange is going on with the household survey. In this hyper-political season, some who should know better and some who know little at all are suggesting the Obama Administration is playing games with the numbers. This is almost certainly not the case. The professionals at the Bureau of Labor Statistics would never stand for it, and like all good bureaucrats, they have ways of getting the truth out. Something strange is going on, but not politics—rather, statistics caused this little rhubarb.
The federal government runs two main jobs surveys. The payroll survey queries employers and is more reliable mostly because it is a fairly large sample. The second survey queries households and is much smaller, but provides a different look at the employment picture. The household survey also generates the unemployment rate. Typically, the two surveys disagree somewhat month-to-month, but track fairly well with one another over longer periods of time, because over longer periods of time, the small size of the household survey matters less and less.
Because they are samples, there are margins of error around the reported figures, just as political polls are reported with margins of error. The larger the sample, the smaller the margin of error, but what this really means is that with a substantial probability, the true figure lies within the margin of error.
Probabilities are not certainties, however. If a survey reports a margin of error with a 90 percent probability, this also means that one time out of 10, the correct figure will be much lower or much higher. Even a 99 percent probability means that one time out of 100, the true figure will be much different than the reported figure. One time out of 100 means about once every eight years for a monthly survey.
What seems to have occurred with the September household survey is that one time in 100. The household survey, a relatively small sample, reported an astounding 418,000 jobs jump in the labor force at a time when it has been steadily shrinking, and the survey reported an 873,000 jobs jump in employment at a time when the economy is stumbling.
To be sure, there are instances when the household survey’s result can jump, as when the government gears up for the decennial census or when the Labor Department resets the entire series. Aside from these understood anomalies, none of which apply today, the last time the household survey showed such a huge jump in employment was in 1983 during the Reagan-era economic boom. Today’s economy does not look much like the Reagan boom.
The September household survey is one to set aside to wait for a more reliable report next month, which will almost certainly reverse the odd results from September.
If it does, then we have both confirmation of the power of statistics and of the weakness in the economy. If the next household survey is like the September survey, however, then we will know the Obama Administration was playing games with the numbers as alleged. The odds against two such anomalous reports back-to-back are not 100 to 1, but 10,000 to one, or about once in 800 years.Hmmmm.......Once in 800 years just before the elections.......Talk about 'Lucky Rabbit Foot'?Read the full story here.
Tuesday, June 5, 2012
Record Number Of US Households On Foodstamps, 79K increase in the month of March.
Record Number Of US Households On Foodstamps, 79K increase in the month of March.(ZH).Last month, when the USDA released the latest foodstamps numbers for the month of February, there was some hope that following a third month of declines, we may just have seen the peak of US foodstamp usage and going forward we would only see the number decline.
Sadly, the latest numbers refutes this: in March a total of 46,405,204 persons were at or below poverty level and thus eligible for foodstamps, a 79K increase in the month. Yet while many individuals have learned to game the system, and this numbers at the peak may fluctuate, when it comes to the far more comprehensive and difficult to fudge “households on foodstamps” number, there was no confusion: at 22,257,647, the number of US households receiving the “SNAP treatment” rose to an all time high, even as the benefit per household dropped to the second lowest ever. At least all these impoverished believers in hope and change have FaceBook IPO profits to look forward to. Oh wait.Read the full story here.
Friday, June 1, 2012
"Cooking the Books!" April 2012 - Between January 2009, when Obama took office, and March 2012, there has been a net decline of 740,000 jobs for both men and women.
"Cooking the Books!" April 2012 - Between January 2009, when Obama took office, and March 2012, there has been a net decline of 740,000 jobs for both men and women.(Factcheck).On the campaign trail, Mitt Romney has been hammering a statistic that “over 92 percent of the jobs lost under this president were lost by women,” evidence, he says, that President Obama’s policies amount to a “war on women.” Romney’s statistic is accurate, as far as it goes. But it’s not the whole story.
Looking back at the whole recession, men have lost many more jobs than women. But the biggest job losses for men came earlier in the recession, and recovery for men has come faster than it has for women.
With Romney under attack from the Obama campaign for policies it says are anti-woman (such as Romney’s opposition to abortion rights and support for federal de-funding of Planned Parenthood), Romney has tried to turn the tables, pointing to a statistic that shows the unemployment rate for women is recovering more slowly from the recession.
Here’s what Romney said in a Fox News interview on April 11 (at about the 5:45 mark):
Romney, April 11: He [Obama] has lost 800,000 jobs during his presidency. And by the way, do you know what percentage of those jobs lost were lost by women? Over 92 percent of the jobs lost under this president were lost by women. His policies have been, really, a war on women.Romney’s statistic is accurate. It’s true, according to data from the Bureau of Labor Statistics, that between January 2009, when Obama took office, and March 2012, there has been a net decline of 740,000 jobs for both men and women, and that among women there has been a net loss of 683,000 jobs. The Romney campaign did the math and calculated that 92.3 percent of the jobs lost under Obama were lost by women.
Now June 2012 - 766,000 More Women Unemployed Today Than When Obama Took Office. (CNSNews).The number of American women who are unemployed was 766,000 individuals greater in May 2012 than in January 2009, when President Barack Obama took office, according to data released today by the Bureau of Labor Statistics.
In January 2009, there were approximately 5,005,000 unemployed women in the United States, according to BLS. In May 2012, there were 5,771,000.
The BLS derives its employment statistics from an overall number it calls the civilian non-institutional population. This includes all Americans 16 or over who are not on active duty in the military and who are not in an institution such as a prison, mental hospital or nursing home. From this civilian non-institutional population, BLS determines a subset it calls the civilian labor force, which includes all members of the civilian non-institutional population who are either employed or have made specific efforts to find work in the past four weeks. People who are not employed and who have not sought work in the past four weeks are considered by the BLS to have dropped out of the labor force.
Unemployed people are those who are in the labor force but do not have a job—despite having looked for one in the past four weeks. The unemployment rate is the percentage of the overall civilian labor force that does not have a job—that is, who have sought a job in the past four weeks and not found one.
In January 2009, according to BLS, the unemployment rate for American women was 7.0 percent. In May 2012, it was 7.9 percent.
When Obama took office in January 2009, the female civilian non-institutional population was 121,166,000. In May 2012, it hit 125,788,000—an increase of 4,622,000 since January 2012.
However, at the same time the female civilian non-institutional population was increasing, the percentage participating in the labor force was declining—following a long-term trend. In January 2009, 59.4 percent of women participated in the labor force, while in May 2012 it was 57.8.
Hmmmmmm..........Some one is seriously 'manipulating the statistics for electoral purposes, now WHO might that be?Read the full story here.
Tuesday, May 22, 2012
Obama 'officials' pressured contractors to change job loss figures, recordings reveal.
Obama 'officials' pressured contractors to change job loss figures, recordings reveal.(FB).Obama administration officials may have pressured government contractors to change job loss estimates associated with coal regulations, audio recordings reveal.
The tapes show that unnamed officials with the Office of Surface Mining Reclamation and Enforcement (OSM) asked government contractors to change their calculations of job losses associated with the Stream Protection Rule.
A preliminary draft of an environmental impact statement estimated that up to 7,000 coalminers could lose their jobs under the administration’s “preferred” regulation. After a leaked copy of the report went public, officials asked the contractors to compare job estimates to a model in which another regulation was enforced, rather than the real world numbers.
“It’s not the real world, this is rulemaking,” an OSM official tells a skeptical contractor on the recording.
“If we’re to assume [the 2008 rule] is enforced in the coal-producing states, this is a very small [impact],” the contractor replies. “But that, as you said, is not the real world, that’s pretending … I thought we were looking at what’s going to change in Kentucky, what’s going to change in Pennsylvania, what’s going to change in Ohio, what’s going to change in Wyoming.”
When a second OSM official makes light of the “theoretical discussion,” the contractor shoots back that “his [the OSM official’s proposed criteria] was theoretical, mine was practical.”
The agency fired the contractors studying the rule less than one month later.
The House Natural Resources Committee obtained the tapes from an unidentified third party after OSM provided heavily redacted transcripts—the exchange above, for example, was blacked out—and withheld the audio recordings.
Rep. Bill Johnson (R., Ohio) blasted the administration’s refusal to cooperate with the investigation.The rule, known originally as the Stream Buffer Zone Rule, was never codified and has been loosely enforced. George W. Bush signed an official Stream Buffer Zone rule in 2008 that maintained the 100-foot restriction, but also included more exemptions for mining companies to conduct operations within the barrier.
When Obama came into office, he ordered OSM to rewrite the rule to please his environmentalist base. OSM has spent more than $5 million studying the impacts of sediment run off and water protection and hopes to release an official rule proposal later this year.The committee released the tapes on Friday. OSM officials have until May 24 to respond to a second subpoena from the committee. Johnson pledged to continue pushing for transparency at the agency.
“We’re going to keep marching down this path,” he said. “We’re not going to stop until we get a full accounting of why the administration has chosen to rewrite this rule and why they are going about it in a speedy, haphazard way.”Hmmmmm...........Obama : ‘If someone wants to build a new coal-fired power plant they can, but it will bankrupt them because they will be charged a huge sum for all the greenhouse gas that’s being emitted.’ "Read the full story here.
Monday, May 14, 2012
"Forward" - Report says 230,000 unemployed losing benefits over weekend.
"Forward" - Report says 230,000 unemployed losing benefits over weekend.(TheHill).More than 230,000 unemployed workers will lose their jobless benefits this weekend as portions of federal programs expire across several states.
All told, 409,300 long-term unemployed Americans in 27 states will have lost upward of 20 weeks of federal unemployment benefits by this past Saturday, even as the many state jobless rates remain high, according to a new analysis by the National Employment Law Project (NELP).The latest batch of cuts affects 236,300 unemployed people in eight states — California (11%), Texas (7%) Pennsylvania (7.5%), Florida (9%), Illinois (8.8%) North Carolina (9.7%) Colorado (7.8%) and Connecticut (7.7%) — half of which have jobless rates above the 8.1 percent national average posted in April.
"A growing number of long-term unemployed workers are being left behind," said Christine Owens, executive director of the NELP.
"Job openings are not taking the place of these cuts,” Owens said.Hmmm.......Reality shows that only 44 % of the total U.S. population works.Read the full story here.
Thursday, May 10, 2012
"Forward" - Obama's Latest Ad Touts $299 Million Stimulus 'Success' Of A Company That Downsized American Jobs And Outsourced A Factory To Hungary.
"Forward" - Obama's Latest Ad Touts $299 Million Stimulus 'Success' Of A Company That Downsized American Jobs And Outsourced A Factory To Hungary.HT: AstuteBloggers.Johnson Controls received $299 million in taxpayer-funded stimulus dollars to make electric batteries and open up two factories in the U.S. But instead of opening two American factories, as they expected, Johnson Controls only opened one, according to a report last year from the Washington Post, and that plant only operates at half-capacity. But never fear, Johnson Controls just announced last month that they will build a second plant after all... in Kecskemet, Hungary. That's from a story in the Milwaukee Business Journal. And it gets better. Demand hasn't been what they expected so Johnson Controls is going to layoff an unspecified number of workers at their corporate headquarters according to the Milwaukee Journal Sentinel. Oh, and it was just reported earlier this month by Kevin Kistler that the battery plant where Slagle works in Springfield Township was hit with a hefty fine from OSHA for exposing employees to an unreasonable amount of lead. So, to recap: Johnson controls got $299 million of taxpayer stimulus and it resulted in 1 factory at half-capacity, outsourced jobs to Hungary, corporate downsizing, and the company is being fined for potential lead poisoning. And this is the success story he is putting in his campaign ads.Hmmmm......Obama: "All the Choices We've Made Have Been the Right Ones"Read the full story here.
Obama Ad Claims to Have Helped Man Get a Job, but Man Claims Employment Since 2006
Obama Ad Claims to Have Helped Man Get a Job, but Man Claims Employment Since 2006.(WS).Matt Negrin of ABC reports that "A new ad by Obama tells the story of Brian Slagle, an autoworker in Ohio who says he was laid off and 'scared to death' until the president swooped in to save the industry." In the spot, Slagle says, "Obama stuck his neck out for us, the auto industry. ... He wasn’t going to let it just die, and I’m driving in this morning because of that, because of him." The ad is meant to praise Obama's auto bailout for saving jobs.Indeed, it appears, via Facebook, that Slagle is an employee at Johnson Controls, a Wisconsin company that "create[s] quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles," according to its website.
But the ad itself seems to be misleading. It is not because of Obama's auto bailout that Slagle has a job. In fact, Slagle has been employed with Johnson Controls since February 2006, according to his own Facebook page,Slagle has since taken down his employment information from his Facebook page, but not before these screenshots were taken.Read and see the full story here.
Labels:
Bailout,
Barack Hussein Obama,
cooking the books
Saturday, May 5, 2012
U.S. Population - less than 50% of the total population works.
U.S. Population - less than 50% of the total population works.(TECB).The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs!
According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate. In fact, this is one of the key ways that the government manipulates the unemployment numbers. The Obama administration would have us believe that the unemployment rate is going down and that that since the start of the last recession about as many Americans have left the labor force as we saw during the entire decades of the 1980s and 1990s combined. Of course that is a bunch of nonsense, but that is what the Obama administration would have us believe. The truth is that the percentage of working age Americans that are employed is just about the same right now as it was two years ago. It was incredibly difficult to get a job back then and it is incredibly difficult to get a job right now.
So don't believe the hype that things are getting much better. If you still do have a good job, you might want to hold on to it tightly, because there is not much hope that things are going to improve significantly any time soon. The first chart that I have posted below shows the total number of "officially" unemployed workers in America. According to the Federal Reserve, that number is currently 12,673,000. This chart makes it look like the employment picture in America is getting significantly better.... But if you dig deeper into the numbers you quickly see that this is not true. A lot of those workers that were formerly classified as "unemployed" have now been moved into the "not in labor force" category. Since the start of the last recession, the number of Americans not in the labor force has risen by more than 8 million according to the Obama administration. The total number of working age Americans not in the labor force now stands at 87,897,000.... So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.
When Barack Obama tells you that "America is going back to work" he is lying to you.
The cold, hard reality of the matter is that there are millions of hard working Americans that have been sitting at home for years hoping that a new job will come along.
Back in 2007, approximately 10 percent of all unemployed Americans had been out of work for one year or longer.
Today, that figure is above 30 percent.
The average duration of unemployment in the United States today is about three times as long as it was back in the year 2000.
And according to a recent Wall Street Journal article, the number of announced job cuts is actually rising again....
Anyway all these numbers made my head spin and i was wondering what's the actual population of America?
May 4, 2012 U.S. Population: 313,478,000.
The Census marks the under-18 population at 73.9 million on July 1, 2011.
73, 9 under working age + 100,570,000 million working age unemployed Americans = 174,470,00 Million that don't work.
313,478,000 U.S. population - 174,470,000 not working = 139,008,000 working people, this means that only 44 % of the population works.Read the full story here.
Friday, May 4, 2012
Obama Gets a Disastrous Jobs Report, people Not In Labor Force Soar By 522,000.
Obama Gets a Disastrous Jobs Report, people Not In Labor Force Soar By 522,000. (WHD)(ZH).The Labor Department just reported that payrolls rose by 115,000 workers in April, a shockingly low number that signals continued serious economic weakness. Economists had expected about 170,000 workers to be hired, an amount that itself would have done little more than kept the economy on pace for sluggish growth. With the number coming in at only 115,000 – the smallest amount in six months – it appears the unemployment rate may be eventually headed back up and the slow 2.2 percent growth of the first quarter 2012 may be imperilled. The rate declined for now to 8.1 percent, but that was at least partly because 342,000 people left the workforce. Normally the economy needs to create about 150,000 jobs a month to keep unemployment from rising. The decline in unemployment may also reflect that March hiring was revised upward from 120,000 to 154,000, while February’s was revised up to 259,000 from 240,000. But the trend is clearly downward. This is a huge setback for the president, and if things don’t improve soon, a very bad omen for his reelection prospects. They’ll spin the 8.1 percent number at the White House, but they know they have a problem. At this point in a recovery, the economy should be pumping out jobs. Something is very wrong, and the president, who today will be speaking in Virginia about relative trivia like the student loan rate, has no idea what to do about it.
People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981.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%. Hmmmmm.......I wonder by how much the number of food stamp users went up?Read and see the full story here and here.
Monday, April 30, 2012
Clinton to unemployed: Obama's 'not Houdini', unemployed numbers disappearing Act not included.
Clinton to unemployed: Obama's 'not Houdini', unemployed numbers disappearing Act not included.(WE).Former President Bill Clinton told a group of wealthy donors not to regard people suffering in today's economy as a reflection of President Obama's record. "We are beating the clock," Clinton said while arguing that economic recovery under Obama has moved faster than it would under a Republican. "Why do I tell you this? Because somebody will say to you, 'maybe, but I don't feel better.' And you say, 'look, the man's not Houdini; all he can do is beat the clock,'" he instructed the donors. Clinton made the comments during a joint fundraiser with President Obama, a high-dollar event. Tickets to the dinner cost $20,000 a piece. Economist Robert Shiller this morning equated the contemporary American economy with that of the "late Great Depression."Hmmmm........He sure made a lot of 'unemployed' dissapear and Foodstamp users appear .Read the full story here.
Saturday, April 7, 2012
Real Unemployment rate is worse than numbers given by Obama machine.
Real Unemployment rate is worse than numbers given by Obama machine.(ZeroHedge).The unemployment rate drops to 8.2% for one simple reason: the number of people not in the labor force is back to all time highs: 87,897,000.
If Obama can get more people to drop out of the labor force he might have a descent unemployment number by election day.Read and see the full story here.
If Obama can get more people to drop out of the labor force he might have a descent unemployment number by election day.Read and see the full story here.
Saturday, February 4, 2012
GOP Rep. Allen West: Someone's 'playing around with' unemployment numbers
Labels:
cooking the books,
Foodstamps,
Unemployment
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