BLS

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Why This Feels Like A Depression For Most People





These facts reveal the utter falsity of the propaganda drenched duplicitous data dumped by the BLS on behalf of vested interests who have captured our government and have an agenda requiring the public to be kept in the dark regarding their own dire financial situation. No matter how you slice the data, it reveals an absolute parallel to the situation during the Great Depression.

 
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Despite Surging Job Cuts, Initial Jobless Claims Tumble Back Near 42 Year Lows





Job cuts have already surpassed  last year's total, according to Challenger, Gray & Christmas with the highest annual total since 2009, when nearly 1.3 million layoffs were announced at the tail-end of the recession... so how does the government explain the fact that initial jobless claims have once again re-tumbled back to close to 42-year lows...

 
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What Happens To Our Economy As Millions Of People Lose The Habits Of Hard Work?





Simply put, job growth is not keeping pace with population growth--specifically, the growth of the labor force which is generally defined as the population between the ages of 18 and 64. So what happens to the economy as millions of people never acquire the habits of hard work or lose them due to chronic joblessness?

 
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Peter Schiff: The Fed Has Created A "Bad Is Good" Economy





The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. But the downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can't explain away. But rather than questioning the Fed's credibility in missing another forecast, most economists are lauding it for supposedly seeing weakness that others missed, which allowed it to wisely do nothing in September. But this is simply a continuation of the Fed's long-standing playbook: Talk the economy up through optimistic statements while continually holding off an actual rate hike that the Fed is concerned could undermine an economy teetering on the brink of recession.

 
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Lashed To The Zero Bound - The Fed's Ship Of Fools





If you don’t think financial markets have been utterly destroyed by central bank intrusion then how can you explain Friday’s 460 Dow point reversal higher after the post-NFP low? It was pure machine rage triggered by another implied “lower for longer” Fed policy signal. In short, we are now in an exceedingly dangerous phase of the central bank end game. They continue to pour gasoline on the first of financial speculation, yet smugly insist all is clear.

 
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The US Has Added Three Times More Foreign-Born Workers Than Native-Born Since December 2007





If you thought the headline jobs print was bad, wait till you see this.

 
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Payrolls Preview: Goldman Says 'Beat', Fed Regional Surveys Signal 'Huge Miss'





Goldman forecasts nonfarm payroll growth of 215k in September, above consensus expectations of 200k by about 0.3 standard deviations of a typical surprise. Noting that August payrolls were likely distorted downward by seasonal bias last month and may be revised up, Goldman expects the unemployment rate to remain flat at 5.1% (and earnings growth to slow). Howver, judging by the collapse in September's regional Fed surveys, today's "most important" payrolls data ever could be a massive miss.

 
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If You Work Here, Quit Before You Are Fired: The 20 Largest US Layoff Announcements Of 2015





For those eager to push aside the endless government propaganda and concerned about the rapidly deteriorating economy, here is a list of the Top 20 biggest private-sector job cut announcements of 2015. Our advice: for anyone who is still employed at any of the following corporations, if you can find a job elsewhere (because the "recovery" and all), do it before you too become a seasonally-adjusted pink-slip.

 
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Is This The Scariest Chart In America This Week?





Either, a) BLS payrolls data is entirely 'made-up', or b) US jobs are being created in some other regions than the six major Fed surveys. Either way, this chart will strike fear into the heart of Janet Yellen as she 'hopes" for some cover for her rate-hike... before the whole house of cards collapses...

 
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Zandi Says "We're Pumping Out Lots Of Jobs" As ADP Manufacturing Jobs Plunge Most Since Jan 2010





September isn't even over yet, but ADP already knows how many jobs were added for the full month of September: precisely 200K, which just happens to be the consensus expectation for Friday's NFP number.

 
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This Bear Is Just Waking From Hibernation





When you tell people in self denial the market could drop 40% in a few months, they think you are crazy. They declare this could never happen. They would get out of the market before it would fall vertically. Their memories are conveniently short as their normalcy bias and cognitive dissonance blind them to what happened over three months in 2008/2009. We wonder how many willfully ignorant investors can handle a 50% to 70% haircut in their 401k, especially if they are over 50 years old. We wonder how much angrier the populace will become when the current recession results in more job losses, bankruptcies and revelations of Wall Street malfeasance. Beware of the bear.

 
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Fourth Turning: Crisis Of Trust, Part 3





The solution is not to let politicians redistribute the wealth from the rich to the poor. Crony capitalism must be replaced by true free market capitalism, practiced with integrity, fairness, principled conduct, intelligence, and high moral standards. Profits generated by corporations are not evil, but seeking profits at any cost to society is reckless, shortsighted and immoral. Capitalism without capital is destined for failure. When corporate CEOs, Wall Street bankers, and shady billionaires exercise undue influence over the financial, political and judicial systems, their short-term quarterly profit mindset and voracious appetite for riches override the best interests of the people and create a sick, warped, repressive society. Today our system is in the grasp of psychopaths whose hubris and myopic focus on enriching themselves will ultimately be their downfall.

 
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Dear Janet Yellen, Here Is All You Need To Know About The US Economy: True Unemployment Is Over 12%





Dear Fed Chairwoman Yellen: if you are still confused why there is so much slack and so little wage growth in the US economy despite the 5.1% "reported" unemployment rate, here is the answer: instead of a 5.1% unemployment rate in August, the true unemployment rate in the "land of the free" has been rising ever since the financial crisis, and is above 12% for the past three years.

 
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The Second Bullard Rip Dips - They Do Ring A Bell At The Top





That’s what yesterday’s Bullard Rip was all about - it amounted to the bell at the top. In time it will become evident that the market is unable to break-out of the bubble finance channel it has established between 2075 and 2125 over the past year. When December comes around and the Fed has to explain the growing signs of global and domestic recession, the robo-machines will have grown themselves an altogether new set of programs. Namely, an algorithm that says any day the Eccles Building is open for business is a good day to sell.

 
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The Mystery Of The "Missing Inflation" Solved, And Why The US Housing Crisis Is About To Get Much Worse





Forget about a housing recovery: for the vast majority of Americans, the housing crisis is about to get worse. Much worse.

 
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