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US economy adds just 160,000 jobs in April – further sign of a slowdown
5.6.16.
All this public money stolen by the Fed and nothing to show for after 8 years. The Fed used public money to rescue failed Capitalists and Crooks, Wall Street and Big Banks. Inflated stock market and housing market that is all you got. The Fed has been fooling Americans since 2008. Economic recovery is a lie!!!!
Does anyone still believes in this so called recovery?
The numbers are heavily adjusted. They always seasonally adjust the numbers downward from February through May or June because of the heavy seasonal layoffs in winter and the re-hiring in the spring. Over 400K jobs were added in the household survey and 1 million more were added in the business survey.
US economy adds just 160,000 jobs in April – further sign of a slowdown
5.6.16. The economy lost 562,000 jobs. Can anyone else do the math?
All this public money stolen by the Fed and nothing to show for after 8 years. The Fed used public money to rescue failed Capitalists and Crooks, Wall Street and Big Banks. Inflated stock market and housing market that is all you got. The Fed has been fooling Americans since 2008. Economic recovery is a lie!!!! The facts back you up on this statement. 65.7 percent down to 62.8 percent in 8 years of dumbo.
Does anyone still believes in this so called recovery?
The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March -- and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement.
When President Obama took office in Janaury 2009, the labor force partipation rate was 65.7 percent, after hovering in the 66-67 percent range for much of the George W. Bush presidency.
The recession inherited by the Obama administration officially ended in June 2009, but the labor force participation rate continued to drop during Obama's two terms, hitting 62.4 percent in September 2015, its lowest point in 38 years.
Your charts could use a little explaining. Can you help out?
The first one shows Labor Participation Rates start in 1960 around 59% when women mostly stayed home to raise babies. Today it's around 63% after peaking above 67% in the early 2000's which is surprising because most women I know work outside the home, unless the husband has a killer job. How does "employment-population ratio" relate to the first set of numbers?
The second chart shows that real family income has dipped by about a hundred bucks since 2000. What would that chart look like if it went back to 1960?
Job participation is % in the "working years" age group. Employment to population includes everyone.
The chart below shows median household income. The small increase since the '70s is primarily due to an increase in the workers per household.
The chart below doesn't show medians, but it is a good illustration of the massive increase in disparity that occurred ~1980 to the present.
Note that the numbers are averages for each segment, not percentiles. So when they show top 1% or top 10% that averages everyone in that segment. In other words it makes incomes look less disparate than they actually are. In fact you need to be at ~99.9%ile before you see a demographic that matched productivity gains in this period.
US economy adds just 160,000 jobs in April – further sign of a slowdown
5.6.16.
All this public money stolen by the Fed and nothing to show for after 8 years. The Fed used public money to rescue failed Capitalists and Crooks, Wall Street and Big Banks. Inflated stock market and housing market that is all you got. The Fed has been fooling Americans since 2008. Economic recovery is a lie!!!!
Does anyone still believes in this so called recovery?
Problem is they weren't capitalist and we don't have capitalism. People just use that as an excuse. If we had a capitalist system the banks would have failed, gotten no bail out, and the perps would be in jail. Under capitalism, the market would have rid itself of all this bad paper and we'd be recovered by now.
No recession. Business is moving along, slowly but surely. Wage growth has been puny, since the crooks, gubmint and the rest of the usual suspects made off with most of the plunder. Not my fault people will work for $10/hr, and not the 1%ers fault either. Small businesses run by ordinary people are all too happy to accept cheap labor.
We have been in recession, depression actualy the entire time since 2008 and the Fed has been masking this fact with zero interest rates and QE1, QE2, QE3, printing money and devaluating our currency.
You all have been fooled by the Fed, you just don't know it yet. The recovery is a lie, illusion created with debt.
Has the dollar been devalued? Its trading higher than pre-QE.
Problem is they weren't capitalist and we don't have capitalism. People just use that as an excuse. If we had a capitalist system the banks would have failed, gotten no bail out, and the perps would be in jail. Under capitalism, the market would have rid itself of all this bad paper and we'd be recovered by now.
Exactly, thank you for your post. What we have today is more socializm, but socialism for the rich only. The Fed has been rewarding and bailing out the Rich who own most assets in America, including stocks. The Fed has also been bailing out and rewarding the irresponsible debtors and speculators in order to save and protect the banks.
The reckless and irresponsible debtors got a break with lower interest rates and in reality those people should be bankrupt by now. The responsible ones who save and live without speculations have been destroyed, elderly folks who worked entire life and saved, who wanted to live on safe income collecting interest on their own life savings have been destroyed and even forced to gamble with their money in risky markets.
The FED has a choice to make in 2016 and the clock is ticking. You see our leaders are allergic to the idea that life can be hard. They want to be popular. This is a flaw of democracy, perhaps a fatal flaw. Popularity breeds corruption; softness; the inability to tell the truth. If you tell the truth in a democracy, you will probably lose your job. I'm not anti-democratic; it is the best system we know; but it is not perfect. When you get honest statesmen, democracy can work. When you get professional politicians, they allergy to truth becomes fatal.
So here we are, living with the lie that everything is ok and debt doesn't matter.
The FED had two choices in 2008;
1) tell the truth, and begin raising rates, to limit debt, and move toward the next Business Cycle.
2) lie and steal and force down rates and pretend that inflated debt was growth, and pretend that inflated debt was not inflation.
In 2016 we are still faced with the same choices. The FED seems unwilling to risk the deflation of the asset bubbles they created. Yes, they raised interest rates once. But now they seemed unwilling to continue on this path, fearing it would hurt stocks. So, unless we get Volcker again, we are going to rationalize (reason is a form of rationalization) 'stability' again and may even take the Negative Interest Rate Path. If we do, gold will soar and inflation (hyper-inflation) will take over. Central banks will panic at the breadth of the inflation and rates in every country will soar. There will be major defaults.
So either we raise rates now and deal with our debt or we continue to live in denial, go negative on rates, destroy US Dollar, our currency, bring hyper inflation, finaly raise rates to 20% and over and experience full blown depression and debt destruction.
Either choice is taking us to depression and hard times ahead. That is what happens when you don't raise interest rates on time and think you can have real economic growth with lower and lower rates + debt.
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Facts are clear.
