About That "Jobs Improvement" Under President Obama

Tyler Durden's picture

We have heard much from the propaganda machine just how much better the jobs situation has gotten under president Obama three years into his term. We would like to interject with two very simple charts...

Chart 1

Chart 2

h/t John Poehling

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Yen Cross's picture

And that means DO Do dukie. The 99er's get killed on 3-31. I have to piss. have agood weekend.

markmotive's picture

Real unemployment is near 20%. If people knew this there'd be blood in the streets (at least figuratively).

So (in real terms) are we going down the secular bear market route like in Japan? The fundamentals in Japan were terrible and each suckers rally subsequently came crashing down...


reader2010's picture

Blood? I thought your flag there is full of the blood of the Chinese peasantry.

Matt's picture

yes, 750 new jobs servicing military hardware is definitely a sign of an improving economy, not a sign of increased warfare.

The President is extremely aware higher oil prices are bad, so we are actively seeking to secure more oil through humanitarian missions to help democratize MENA, and create more jobs in the military and support industries.

Or maybe I'm too cynical.

wintermute's picture

Unemployment could be 40% but there will not be riots while the food stamp debit cards still buy the monthly groceries.

JW n FL's picture

as long as un-employment is extended.. food stamps are passed out.. "We the People" can maintain our Danzig wiff da Starz / Jerry Springer TiVo schedule along with un-limited amounts of fatty snacks.. all is well in the World. Better to sit home on our fatasses and watch the World Burn than to get up and plant a garden just in case.. God Bless America, even the stupid Americans.

sun tzu's picture

Don't forget MTV and the real opiate of the masses - sports.

Haywood Jablowme's picture

Unemployment could be 40% but there will not be riots while the food stamp debit cards still buy the monthly groceries.

+ 1oz agreement here but all bets are off once wonder bread gets to $10 a loaf but by that time anyway, we'll be heading into WWIII to even really give a shit.


StychoKiller's picture

Are the funbux placed on EBT cards adjusted for inflation by the CPI?

(It's the screwin' they're gonna get for the screwin' they got!)

dark pools of soros's picture

let's start a ZH snap based payday loans outfit..  we can even put whiskey & cigs in milk & egg cartons and sell at the desk all while grabbing interest on their future payouts


frontrun the end of the world

snowball777's picture

You're a humanitarian...in the way that people who eat veggies are vegetarian.

dark pools of soros's picture

just doing my job as a soul sucking vortex

Spalding_Smailes's picture

Recently, pilot studies were begun to determine the extent to which illegal aliens were filing for unemployment benefits. Several SESAs are participating in the study in cooperation with the Immigration and Naturalization Service (INS) and with technical assistance from ETA. In two sites the studies were initiated after the INS found evidence that an illegal alien apprehended for deportation was collecting benefits at the time the individual was apprehended. The preliminary findings indicate potentially widespread abuse of the unemployment insurance program by illegal aliens.

While only a small stage of individuals filing initial claims are aliens, the preliminary findings from the pilot studies show that a substantial number of these aliens (as high as 40%) are verified by INS as being illegal aliens who are not authorized to work. In many cases, the alien registration number on the claimant's document was not on file with INS, indicating the immigration document was counterfeit. In other cases, the documents may have been altered because the name, date of birth, or sex on the claimant's card did not agree with the data in INS records.

In the case of aliens apprehended for deportation, the INS estimates that between 10 to 15 percent have a social security number in their possession. Several SESAs matched the social security numbers of illegal aliens deported from their States over a period of several months with UI benefits payment records for the last 3 Years, and in some cases wage records. A number of deported aliens (as high as 25 percent) had recent claims activity and, in some cases, claims were currently filed under the social security number of the deported alien.


unununium's picture

Um, anyone who get UI benefits paid UI premiums.  So did their employer.

You make a good case that employers should do a better job policing who they hire.

ImNotExposed's picture

Always good to read a comment that is based on fact rather than emotion or abject stupidity. There's also the frisson at the thought of over-imbibing as well. Have a good weekend, yourself.

TwelfthVulture's picture

This is just racist.

Hollow_Point's picture

Why then, when you were in the senate, didn't you make a law to supply easy jobs for your people instead of easy financing for houses your people clearly could not afford?

bob_dabolina's picture

Because having a job and living in a house demeans my people. My people should not have to work, that is demeaning to them.

Yen Cross's picture

Take your passive aggresive DO-Do some where else. Da bloshita! I don't play your crapola!

bob_dabolina's picture

I regrettably am disinclined to acquiesce to your request.

Most humble appologies.

Yen Cross's picture

(Dis--inclined)   You understand  prefix and suffix? Aquiesse: A fragrance or candle to help me relax. Request. How does an acquiesent request pertain to a pronoun in first person? It seems to be an adjective or verb phrase/ NO?

Calmyourself's picture

Wow, you are dumb..  You got industrial dumb down..

Fish Gone Bad's picture

Humor translates very poorly on the internet.  This looks like just some Friday night "sword play" from people who apparently really need a hug.

StychoKiller's picture

Or, maybe they just need to get a room!  And no, I do NOT want to know who gets the handcuffs or ball-gag!

Yen Cross's picture

Ok, I'll calm myself. It was a long week. More commodity based than industrial, though.

ImNotExposed's picture

Wow! "Da bloshita" conjures up about zero Google hits. That's like getting a Bacon Number of 9. You must be like 89 sheets to the wind.

Yen Cross's picture

You actually Googled that? I'm impressed. Thanks for the compliment!

unununium's picture

The charts are clear, 5 percentage points were lost from the peak in the late 1990's to the beginning of the Obama administration. 

Since the administration took office, one more percentage point was lost.  It was lost in the first year, as the trajectory remained unchanged from 1/2009.  It stabilized in the second year.

The charts are clear. 


Yen Cross's picture

Tarp, qe-1, qe-2 and light. Debt ceilings and godzilla government. Care to debate further?

nmewn's picture

"It demeans my people."

Yeah, now Holder has that "little" ATF issue goin on south of the border that they were trying to lay the blame entirely on US citizens not more than six months ago.

Whoopsie, butter trigger finger...LOL.

pods's picture

But there would not be as big of a problem to fix without the ATF being involved.

Make work program for the FEDs.


nmewn's picture

"Make work program for the FEDs."

Seems so...nice job huh?...our tax dollars at work.

"One e-mail noted, "958 killed in March 2010 ... most violent month since 2005." The same e-mail notes: "Our subjects purchased 359 firearms during March alone," including "numerous Barrett .50 caliber rifles."...

"Senior agents including Dodson told CBS News they confronted their supervisors over and over.

Their answer, according to Dodson, was, "If you're going to make an omelette, you've got to break some eggs."



And, because nobody asked (on this slight diversion from the topic at hand)...one of the guns that was allowed by the US government to go to Mexico was used to kill a US government employee who was trying to keep illegals from being robbed as they tried to enter our country illegally...some of the good guys were armed with & utilized non-lethal beanbags on orders...friggin insanity.

"But Terry's brother, Kent Terry, said the other agents who were there that night told him that they were instructed to use the non-lethal beanbags first. It's a policy that doesn't make sense to Kent Terry."



Bananamerican's picture

"There was so much opposition to the gun walking, that an ATF supervisor issued an e-mail noting a "schism" among the agents. "Whether you care or not people of rank and authority at HQ are paying close attention to this case...we are doing what they envisioned.... If you don't think this is fun you're in the wrong line of work... Maybe the Maricopa County jail is hiring detention officers and you can get $30,000 ... to serve lunch to inmates..."


This whole friggin' country is corrupt

nmewn's picture

"This whole friggin' country is corrupt"

No...I've long held that we are fine...it's they who are pretty much fucked ;-)

Fish Gone Bad's picture

Alex, I'll take guns for $1000 </humor>

Michael's picture

Yeah and 52% of black babies aborted annually is not demeaning somehow?

nmewn's picture

No one sees it because it's right in front of them.

dexter_morgan's picture

somewhere, hambone is smiling

Calmyourself's picture

Yes, that is interesting isn't it..  Six months ago regular US citizens were selling guns to Mexican mafia members at gun shows according to ATF and now we find out the ATF is supplying the Mexican Drug mafias with straw purchased guns and not arresting them but letting the guns be used and distributed throughout the cartel with no possibility of ever confiscating them.  When does Sen. Grassley (may ethanol rust his tank) take down acting Director Melson and the rest of the rejects at ATF?

nmewn's picture

From everything I've read most (this is a important distinction) of the arms comes from south of them through Guatemala via Honduras.

Texas and other border state Mom & Pop gun shops are not in the habit of stocking grenades, rocket launchers & bazookas that are being used by the cartels in Mexico...probably much to the surprise of the denizens of NY & LA...LOL.

What caught my interest in all this is when Hillary went off on a ridiculous tirade that 90% of the guns used in crimes in Mexico come from here (a lie) and then Mexico's President had the gall to stand in MY House of Representatives and berate my country.

What I discovered was that most of the "military grade" small arms (AK''s, M16's etc.) that were recovered after cartel crimes had one thing in common.

Most were not retail guns.

These can be an armory selling to a foreign country and then "someone" in that foreign country selling them to the cartels or direct sales and then theft from Mexican armories.

On Hillary's well publicized lie of 90% of drug cartel guns come from the US.

She was citing a report from Mexico's Attorney General who said they had recovered between 30,000 & 29,000 guns used in crimes in 07-08 respectively. Of those recovered, only one third were submitted by Mexico for a trace to source.

Of those, around six thousand total, according to ATF testimony under oath count, 90% were traced to the US, so it's 5,400.

We now know she either can't read or can't subtract which embarasses her present occupation I would say ;-)

But my theory is more sinister.

It is that she, or they, set about to prove that 90% of drug cartel guns come from the US...and this is what you get. 

Dead people. Dead public servants.

A theory to be sure...and I wear my bias against these people on my sleeve for their past actions, deeds & words.

DaveyJones's picture

I can't believe Hillary is a lying hypocrite. I mean surely anyone who hung around her cheating husband for thirty years and then held herself out as a model strong woman would know how to be consistent. :/ 

nmewn's picture

It's like a never ending nightmare of stupidity Davey...on both sides.

Bush came in as a social conservative and left as a conservative socialist...LOL...and I fully expect Barry, who came in as a marxist with a God complex, to leave as a mere mortal crony capitalist, kinda like Buffet...it's the theater of the absurd really.

Senator Grassley is another one, with his ridiculous pushing of ethanol subsidies through an Agriculture Department who's budget has bloated up 112% over the last ten years...straight out of our pockets to theirs.

A pox on both their houses until they get their act together...but the lay of the land is changing, as at least a discussion is being had about shrinking government and cutting budgets.

Removing their power to confer privilege on the select few, at the expense of all, is a good start...that means paring it's size back and the money they take out of the real economy.

Now, if we could just have something even remotely resembling an enforcement arm of the SEC, a realistic energy policy of independence and a few other things we might just pull this whole freedom thingy off ;-)

DaveyJones's picture

it's like the cross dressing whore olympics

Estrella's picture

We give our Border Patrol agent's beanbag shotguns and the ATF gives drug cartel members AK-47s. What am I missing?

High Plains Drifter's picture

Its called United Nations, agenda 21. Its kind of a border but we are now under NAFTA , North American Free Trade Agreement. The new world order does not care about national identities and national borders, if it is not in their plan. If they did, the flow of mexicans would stop. As can be seen, nobody is doing anything about what is happening on the border because they don't care about it.

Confused's picture

Whats the bigger issue, illegals coming over, or jobs that were sent to china? Lets face it, the illegals aren't doing jobs that could have been outsourced (which American were).

Unless of course, you can figure out a way to have the Chinese do our manual labor as well........