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Old 02-05-2012, 10:42 AM
 
4,513 posts, read 4,305,045 times
Reputation: 1517

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On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent.

That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news.

According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January.

So does this mean that our economic problems are over? Of course not.

A closer look at the numbers reveals just how fraudulent these employment statistics really are.

Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million.

That was the largest increase ever in that category for a single month.

That is how the federal government is getting the unemployment rate to go down.

The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore.

The labor force participation rate is the percentage of working age Americans that are either employed or that are unemployed and considered to be looking for a job.

The labor force participation rate peaked at a little more then 67 percent in the late 90s. Between 2000 and the start of the recent recession, it declined slightly to about 66 percent.

Since then, it has been dropping like a rock.

In January, the labor force participation rate was only 63.7 percent.

That is the lowest since May 1983.

In reality, the percentage of men and women in the United States that would like to have jobs is almost certainly about the same as it was back in 2007 or 2008.

So there is something fishy with the federal government pretending that millions of unemployed Americans have decided that they simply do not want jobs anymore.

The truth is that unemployment is not really declining at all.

The civilian employment-population ratio dropped like a rock during 2008 and 2009 and it has held very steady since that time.

In January, the civilian employment-population ratio once again held steady at 58.5 percent. This is about where it has been for most of the last two years.

Does that look like an "economic recovery" to you?

If the percentage of people that are employed is about the same as it was two years ago, does that represent an improvement?

If the employment situation in America was getting better, the civilian employment-population ratio would be bouncing back.

We should be thankful that our economy is not free falling like it was during 2008 and 2009, but we also need to understand why things have stabilized.

The federal government is spending money like there is no tomorrow.

During 2011, the Obama administration stole an average of about 150 million dollars an hour from our children and our grandchildren and pumped it into the economy.

Even though the Obama administration spent that money on a lot of frivolous things, it still got into the pockets of average Americans who in turn went out and spent it on food, gas, clothes and other things.

Without all of this reckless government spending, we would not be able to continue to live way above our means and our economic problems would be a lot worse.

But even with the federal government borrowing and spending unprecedented amount of money, our economy is still deeply struggling.

-New home sales in the United States hit a brand new all-time record low during 2011.

-The average duration of unemployment in America is close to an all-time record high.

-The percentage of Americans living in "extreme poverty" is at an all-time high.

-The number of Americans on food stamps recently hit a new all-time high.

-Currently an all-time record 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government.


In 1983, less than 1/3 of all Americans lived in a home that received direct monetary benefits from the federal government.

The percentage of Americans that have jobs is about the same as it was 2 years ago.

Considering how rapidly jobs are being shipped out of the United States, that is a good thing.

Things are about to get a lot worse.

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics?
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Old 02-05-2012, 10:51 AM
 
Location: Unperson Everyman Land
33,448 posts, read 21,810,302 times
Reputation: 9655
Quote:
Originally Posted by KRAMERCAT View Post
On Friday, the entire financial world celebrated when it was announced that the unemployment rate in the United States had fallen to 8.3 percent.

That is the lowest it has been since February 2009, and it came as an unexpected surprise for financial markets that are hungry for some good news.

According to the Bureau of Labor Statistics, nonfarm payrolls jumped by 243,000 during the month of January.

So does this mean that our economic problems are over? Of course not.

A closer look at the numbers reveals just how fraudulent these employment statistics really are.

Between December 2011 and January 2012, the number of Americans "not in the labor force" increased by a whopping 1.2 million.

That was the largest increase ever in that category for a single month.

That is how the federal government is getting the unemployment rate to go down.

The government is simply pretending that huge numbers of unemployed Americans don't want to be part of the labor force anymore.

The labor force participation rate is the percentage of working age Americans that are either employed or that are unemployed and considered to be looking for a job.

The labor force participation rate peaked at a little more then 67 percent in the late 90s. Between 2000 and the start of the recent recession, it declined slightly to about 66 percent.

Since then, it has been dropping like a rock.

In January, the labor force participation rate was only 63.7 percent.

That is the lowest since May 1983.

In reality, the percentage of men and women in the United States that would like to have jobs is almost certainly about the same as it was back in 2007 or 2008.

So there is something fishy with the federal government pretending that millions of unemployed Americans have decided that they simply do not want jobs anymore.

The truth is that unemployment is not really declining at all.

The civilian employment-population ratio dropped like a rock during 2008 and 2009 and it has held very steady since that time.

In January, the civilian employment-population ratio once again held steady at 58.5 percent. This is about where it has been for most of the last two years.

Does that look like an "economic recovery" to you?

If the percentage of people that are employed is about the same as it was two years ago, does that represent an improvement?

If the employment situation in America was getting better, the civilian employment-population ratio would be bouncing back.

We should be thankful that our economy is not free falling like it was during 2008 and 2009, but we also need to understand why things have stabilized.

The federal government is spending money like there is no tomorrow.

During 2011, the Obama administration stole an average of about 150 million dollars an hour from our children and our grandchildren and pumped it into the economy.

Even though the Obama administration spent that money on a lot of frivolous things, it still got into the pockets of average Americans who in turn went out and spent it on food, gas, clothes and other things.

Without all of this reckless government spending, we would not be able to continue to live way above our means and our economic problems would be a lot worse.

But even with the federal government borrowing and spending unprecedented amount of money, our economy is still deeply struggling.

-New home sales in the United States hit a brand new all-time record low during 2011.

-The average duration of unemployment in America is close to an all-time record high.

-The percentage of Americans living in "extreme poverty" is at an all-time high.

-The number of Americans on food stamps recently hit a new all-time high.

-Currently an all-time record 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government.

In 1983, less than 1/3 of all Americans lived in a home that received direct monetary benefits from the federal government.

The percentage of Americans that have jobs is about the same as it was 2 years ago.

Considering how rapidly jobs are being shipped out of the United States, that is a good thing.

Things are about to get a lot worse.

I Can’t Take It Anymore! When Will The Government Quit Putting Out Fraudulent Employment Statistics?















In before the spin!



Here's the numbers.

Read 'em and weep...

http://data.bls.gov/pdq/SurveyOutputServlet
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Old 02-05-2012, 10:59 AM
 
Location: Lost in Texas
9,827 posts, read 6,194,480 times
Reputation: 3408
You will be amazed at the number that will come into this thread and try to sell the governments statistics as factual...
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Old 02-05-2012, 11:07 AM
 
Location: Long Island (chief in S Farmingdale)
19,671 posts, read 16,422,509 times
Reputation: 4243
This has already been debunked, in another thread, so you feel the need to post the same crap??

Getting It Wrong on the BLS Employment Report | The Economic Populist.

For a historical comparison, after the last census was incorporated into the data, about 1.1 million were added to the not in labor force between Dec 01 and Jan 02
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Old 02-05-2012, 11:12 AM
 
9,321 posts, read 4,989,329 times
Reputation: 3686
The only crap as you put is the misleading numbers that are being reporteted by this administration and being reported as golden by most all media outlets, including Fox. When you get close to the pile of gold, the odor is unmistakeable. B... S....
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Old 02-05-2012, 12:24 PM
 
Location: Ohio
22,238 posts, read 15,642,868 times
Reputation: 18761
Quote:
Originally Posted by Smash255 View Post
This has already been debunked, in another thread, so you feel the need to post the same crap??
Because you very obviously still don't get it.

You can spin it until you're blue in the face, but it does not alter the fact that your labor participation rate has declined from 67.3% to its present 63.7% over the last several years.

In plain ordinary no-spin, no Orwellian English, your labor force has declined by 5.4 Million, and whatever adjustments BLS made or didn't make doesn't alter that reality.

Another way of saying that is 5.4 Million Americans are permanently and forever unemployed just as I told you would happen 5 years ago.

And as I have been saying for the last year or so, I'm projecting a final labor participation rate of 62.8% when all is said and done.

No doubt you fail to grasp the graveness of the situation or the serious consequences that have arisen because of it.

The actuarial estimates made by Social Security and Medicare pertaining to the future solvency of those programs were predicated on a labor participation rate of 66.5% which you no longer have.

That means your economy will now grow at the predicted rates, and that neither Social Security nor Medicare will gain the revenues they projected they would to remain solvent, which will hasten the collapse of both programs.

It's so sad that you don't understand that, and sadder still that you are unable to set aside your political ideology for even one brief second to realize that you are hopelessly and utterly screwed.

Debunking the spin...


Mircea
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Old 02-05-2012, 12:31 PM
 
Location: Long Island (chief in S Farmingdale)
19,671 posts, read 16,422,509 times
Reputation: 4243
Quote:
Originally Posted by Mircea View Post
Because you very obviously still don't get it.

You can spin it until you're blue in the face, but it does not alter the fact that your labor participation rate has declined from 67.3% to its present 63.7% over the last several years.

In plain ordinary no-spin, no Orwellian English, your labor force has declined by 5.4 Million, and whatever adjustments BLS made or didn't make doesn't alter that reality.

Another way of saying that is 5.4 Million Americans are permanently and forever unemployed just as I told you would happen 5 years ago.

And as I have been saying for the last year or so, I'm projecting a final labor participation rate of 62.8% when all is said and done.

No doubt you fail to grasp the graveness of the situation or the serious consequences that have arisen because of it.

The actuarial estimates made by Social Security and Medicare pertaining to the future solvency of those programs were predicated on a labor participation rate of 66.5% which you no longer have.

That means your economy will now grow at the predicted rates, and that neither Social Security nor Medicare will gain the revenues they projected they would to remain solvent, which will hasten the collapse of both programs.

It's so sad that you don't understand that, and sadder still that you are unable to set aside your political ideology for even one brief second to realize that you are hopelessly and utterly screwed.

Debunking the spin...


Mircea
A key part of the reason the labor force has declined is the age brackets that traditionally have a larger portion of those who aren't in the labor force have increased at a higher proportion than others. Primarily those 55-64 (boomers) and those 16-24.
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Old 02-05-2012, 02:39 PM
 
Location: Great State of Texas
86,068 posts, read 76,108,114 times
Reputation: 27635
Quote:
Originally Posted by Smash255 View Post
A key part of the reason the labor force has declined is the age brackets that traditionally have a larger portion of those who aren't in the labor force have increased at a higher proportion than others. Primarily those 55-64 (boomers) and those 16-24.
Yup..once you hit 55 every American retires.
All kids go to college and stay there til they are 24 and do not work either.
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Old 02-05-2012, 02:41 PM
 
20,950 posts, read 17,119,154 times
Reputation: 10270
"Happy Days are here again!".....Oooooops.

Great job 0b0mba! Another record!
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Old 02-05-2012, 02:54 PM
 
Location: Long Island (chief in S Farmingdale)
19,671 posts, read 16,422,509 times
Reputation: 4243
Quote:
Originally Posted by HappyTexan View Post
Yup..once you hit 55 every American retires.
All kids go to college and stay there til they are 24 and do not work either.
Of course not, and the BLS survey does not suggest that either. However, what it does show (and has ALWAYS shown) is that those in those two age groups are less likely to be in the labor force.
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