We're back at full employment!!!! (Iran, ethic, companies, layoffs)
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Only 6 million of that 95 million figure what a job. The largest segment of the 95 million figure are retired people. Why would you add retired people or other people who don't want a job to the unemployment figure?
If you look at the non seasonally adjusted figure for April to May you see that around 110 thousand people returned to the workforce.
Retired personnel don't fall into that category - they're removed.
For more of this Thanks, Obama !!! news: "The U.S. economy added just 38,000 jobs in May, according to the Bureau of Labor Statistics — far fewer than the 160,000 that economists had anticipated. NPR business editor Marilyn Geewax called the number "shockingly low." The unemployment rate declined by 0.3 percentage points, the Bureau says, to 4.7 percent — but that can be attributed to people dropping out of the workforce, Marilyn says.
The number of workers who would like to work full-time but can find only part-time work increased by nearly half a million, to 6.4 million, the BLS says."
Retired personnel don't fall into that category - they're removed.
That is simply not true. Once you turn 16, as long as you are not institutionalized, you are either included as part of the labor force or not part of the labor force. If you are employed or looking for for work you are considered to be part of the labor force. If you are neither employed or looking for work then you are considered to not be part of the labor force.
Retired people who are not looking for work and are not employed therefore by definition are included in the Not in Labor Force (NILF)number. In fact they make up the largest segment of the (NILF) number.
If you want a job but are not looking then you are also included in the NILF number. The number of people who fall into that category are around 6 million.
Somehow you just exonerate any of the presidents who actually wrote NAFTA, also supported H1B's, etc etc...and blame the Democrats. And COMPLETELY ignore the people who voted on all of it-the house and the senate. Good golly theres some serious denial there.
Quick comment-all of this is your house and senate. Presidents are not all powerful dictators. Turns out they sign things, and run our military. But the house and senate manage most of the rest.
As we saw with Obamacare, lots of carrots and sticks are presented to reluctant elected representatives to secure their individual support for something the voters back home don't want, like NAFTA or Obamacare.
When failing to support a bill means something material will be lost (perhaps a new road or library), existing office holders understand that political opponents may use that in the next election to beat them over the head with what still may have been the right decision.
It becomes a damned if you do/damned if you don't situation.
Big money and big lies are a bad combination when the voting public is largely clueless and the consequences for elected representatives of doing the right thing are often less attractive than falling in line with the more willing corporate whores.
So I blame Clinton more than anyone else because he was controlling the carrots and sticks, but I also understand that Clinton is merely a symptom of the disease that is voter ignorance and apathy.
We are a "Free Trade" nation in a mercantilist world. We are getting beat like a drum on Memorial Day. We need to realize that the prosperity of ALL of us from the bottom to the top is dependent on seeing the world as it is not as our economic ideology demands.
What has been happening for the last 50 years has been a disaster for American workers and a never ending party for the top 5% of the investors. Our politicians, both Republican and Democratic, sold us out to the fewest and the wealthiest of our citizens and the international petroleum industry.
We have tried insane government contracting, investment in overseas tyrannies, being played by our petroleum companies in Arabia, Iraq and Syria and allowing crony monopolistic deals to dominate Wall Street. It has resulted in a poorer US then could have been.
I suggest we restore actual competitive real Free Market Capitalism to Wall Street as well as protecting American manufacturing and employment behind tariffs at least as high as the other countries. We need to renegotiate all the bad trade deals we have made since president Nixon sold us to the Chinese Tyrants. All this starts with realizing the current situation is not a "Free Market" in any shape or form.
Janet Yellen Speech Indicates Fed Will Rethink Interest-Rate Plans
PHILADELPHIA — The Federal Reserve has abandoned hope of raising interest rates at its next meeting in June, but Fed officials say they are still thinking seriously about raising rates in July or September.
Janet L. Yellen, the Fed’s chairwoman, who said a few weeks ago that she expected the Fed to raise its benchmark interest rate “in the coming months,” omitted those words from a Monday speech, indicating the reported weakness of job growth in May has caused the Fed to rethink its plans.
4.7% unemployment. Payrolls rise to 38,000. Thanks, Obama!!!
Whoa Nellie. YOu know that figure is phoney, right? You know it excludes those unemployed more than a year, which is more than half of the unemployed, right?
True unemployment is in double digits - thanks for nothing, Obama!!
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