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Saturday, August 03, 2013

BLS CONTRIBUTES TO FUNNY FRIDAY

Those drones over at the BLS are absolutely hysterical. Job growth comes in 14% below the Wall Street shyster expectations and the prior two months were revealed to be 10% weaker than originally reported by the BLS drones and these morons have the balls to report that the unemployment rate dropped from 7.6% to 7.4%. The number of working age Americans went up by 204,000 and somehow the number of Americans in the workforce DECLINED by 37,000. It seems that 240,000 Americans LEFT the workforce in one month. How could this possibly happen in an economy that is supposedly growing? Wages are falling. The work week is falling. The new jobs being added are part-time fry cook jobs. The percentage of people in the work force fell and hovers at 30 year lows. The true numbers reflect an ongoing Depression for the real people.

Digging into the numbers reveals the falsity of the reported unemployment rate and the all out effort by the powers that be to keep the ignorant masses sedated:
41% of all the working age Americans are not employed.
35% of all working age men are not employed.
17% of 25 to 34 year old men are not employed.
14% of 35 to 44 year old men are not employed.
18% of 45 to 54 year old men are not employed.

The number of working age Americans grew by 2.4 million in the last year while the number of employed Americans grew by 2.0 million. But somehow the unemployment rate plunged from 8.2% to 7.4% over this same time frame. Orwell would be so proud of the BLS.

In a supposedly growing economy with jobs being created by Obama’s wise economic policies, there were 1.6 million working age Americans who decided they no longer needed a job and left the workforce. I guess they are getting rich flipping houses or borrowing to invest in the stock market.

The birth death excel model added another 52,000 of jobs supposedly created by small businesses, even though anyone with eyes can see that small businesses are closing at a record pace.

6 comments:

Anonymous said...

Don't forget under the Obama model moving unemployed people to disability has the same effect on unemployment as creating a job! That and government jobs is the only aspect of the economy that Obama has been able to grow.

Anonymous said...

AND Don't forget the decrease in workers who quit to draw 'free stuff", then get paid "under the table".

Beezer said...

You can't say that SBYnews is not earning its keep - we have been broadcasting these observations for over a year now.

We have less workers in this country now - than what we had 6 years ago - yet the US population is increasing.

What is even more startling information is that the majority of jobs being generated are low paying part time jobs - mainly in the fast food or services industry. The number of full time postions have dwindled dramatically. And the stats in Wicomico are even worse than than they are nationally.

Anonymous said...

On a scale of 1 to 10, Wicomico is a disaster..

Anonymous said...

I wonder if the people hired by Ob' & his hirelings to demonstrate are considered as "jobs."

Anonymous said...

We need Joe Albero to lead this county as executive! Run Joe run!