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People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
The jobless, laborless recovery continues to steam on.
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Obi-Wan Yellenki: "This is the recovery you are looking for".
It would be good to see the data in graphs that go back beyond 1990
Your all missing the greatest part of this.
The FED itself has only two choices: Accept the published numbers and continue to unwind the QE, which will harm the (really weak) economy and US debt structure or OPENLY ADMIT that the gov't numbers are actually lies, and don't mean anything like they say, and stand pat on the QE.
Yellen gonna have a rough first day at the office.
She'll likely spend that first day on the job, on her knees like Bernanke and Greenspan used to spend every day, swallowing Banker spooge and saying "Thank You".
The revolving door means bankers get to take turns blowing each other.
What will 00-Yellen do?
We had a Summer of Recovery and now a Winter of Recovery, too bad they were 4 years apart.
What should be scaring the shit out of every one ....If one looks at Table A-1 (not seasonally adjusted) in the BLS report it shows a decline in the size of the civilian labor force from Dec 2012 to Dec 2013 of almost 500,000. With in that, the participation rate also declined from 63.4 to 62.6%. This is massive. So not only did the number of potential workers decline but the percentage of those working also declined Y/Y. Even assuming ADP is correct it signals job growth at ADP levels needs to double just to break even, much less catch up.
Good thing the total population isn't increasing. </sarc>
and the total hours worked per worker decreasing.
The Fed creates nothing real (only money). Therefore there is no real recovery. We have a "nominal" recovery...a recovery in name only.
We entered a Depression in 2008 and despite all the .guv propaganda, it is getting worse. Unemployment is accelerating. The ACA is fulfilling its design- to destroy what's left of the economy. Next, EBT cards for everyone except Party Members.
I think soon we will enter the era of Baghdad Bob; I can hear the tanks rumbling now.......
bullish! it must be because the vxx is down with the market!
ZH is going mainstream. Headline on Drudge report. Nice work Tylers.
drudge is lamestream?
so i see drudge is still running his website from 15 years ago. that's about the last time i visited that guy since he piqued with the Monica Lewinsky scandal.
http://blogs.marketwatch.com/behindthestorefront/2014/01/09/as-traffic-s...
Don't believe it for a minute. The bars were full!
This may be the last buying opportunity before going to the moon.....for fuck's sake, BUY THE FUCKING DIP!
If you are talk about Au, I agree.
I'm very envious of you... you got to bang Janet Leigh on a routine basis.
Yes, Janet was quite the screamer!
but only in the shower
Brutal! But accurate.
this seems kind of Bad. i wonder why i was under the impression we were in a Recovery?
http://marketwatch.com maybe the market will actually drop more than 100 points today..
and CNN says everything is going well!!!!!!!!!!!!!!!!....liars!.
actually, the clip i just saw showed the anchor going after an Obama lackey about the jobless benefits saying: why hasn't he done anything to spur investor confidense? (of course they both know he can't do shit, he's just a puppet for the banksters, and does what he's told every step of the way).
watching the guy squirm as if he thought he was getting softball questions was almost entertaining. it would be if it weren't all so appallingly predictable.
If you ever wondered what NAZI Germany was like, well, you are living in it now.
Just wait until the Russian Front get bad, then it will be even worse.
I had become a displaced employee in 2010, job went to india, I was making 6 figures. I have not worked on the books since then, by design. I am not paying into this criminal administration (been that way since 1933) I will do what ever it takes to not give them a nickel of my money or labor, am sick and tired of the kings and queens on this planet. Time to throw the trash out and give the planet back to the people. I am sure most that are not working may be thinking along the same lines....enough of this crap and pretend we are your friend and here to protect our asses. this shit has got to go!
I am calling for Civil Disobedience
Withholding payment of taxes is one of the quickest methods of overthrowing a government
Mahatma Gandhi
Yep. Start working under the table. Quit sending checks to the clowns.
The only thing that EVER changes tyranny that has been masquerading as the savior of society is to overthrow the masqueraders once and for all. So long as you all think you can play their game based on their rules depending on their system, the only guarantee is that you will LOSE.
Obamanation.
Greece unemployment dropped to 4% with a labor participation rate of 25%.
What is labor? Are people pushing paper sucking on the public teet considered "labor"? I'm afraid so.
The private sector is in no state to support this behemoth of government and public service they've created.
True labor is already working off the reservation.
The gov better raise minimum wage because we the number of unemployed exponentially increasing the actual market wage for unskilled labor is approaching $2/hour. Unleash the kraken that is unlimited immigration.
from kitco:
“It was a clearly weak number in terms of creating jobs – only a few compared to the consensus,” said Robin Bhar, metals analyst with Societe Generale. “That was bearish for the economy, bearish for the dollar and therefore positive for gold. So we’ve seen gold spike higher.”
Still, some might be surprised gold did not jump more than it did.
“Muddying the waters is the unemployment rate, which fell…,” Bhar said. “So it’s puzzling as to what the market will take from this report. It’s a very mixed report.”
I'm finally getting the feeling that we are approaching the end of this fantastic charade. but who the fuck knows.
In 1978, there were still plenty of households where husbands worked and wives took care of the kids. Back then, just before the prime rate started its ascent to the stratosphere thanks to Fed chair Volcker's ruinous monetary policies, there was a viable middle class. Most 9-5 jobs came with health insurance and defined pension plans. Prices for everyday items were low (gasoline was 60 cents a gallon), the taxload was much less, credit card interest rates were 12% and housing costs had just started going up. So, one wage earner in the family was enough in most parts of the country. Now, both husband and wife have to work to meet living expenses, so every potential worker wants to be in the workforce. The problem now is that 30 years of offshoring jobs and of getting rid of defined pensions creates a situation where older people without company pensions work until they drop and many of the jobs we still have pay chump change wages.
Yup and we are returning to the natural order of things although albeit with much longer life spans. More and more elderly will work until they either die or are physically/mentally incapiated and until to hold employment.
When you actually get past the participation issues and into the actuarial numbers, it is possible to make SSI sustainable although SSI disability is another issue. What isn't an easy fix is Medicare and assisted elderly living facilities costs which are Medicaid's single biggest expenditure and continuning to mount.
HurryRead will make sure checks will be sent out on time.
And Obamas spouting the new 'end poverty' program today. Worthless mofo. As they all and were are.
I bet the only thing he is good for is blowing reggie's flute.
NO, no NO !!! The only way out of this mess is to turn up the printing press, destroy savings and investment, steal all of the pension funds, decimate all asset classes, kill the job market and put everyone on subsidized subsistence entitlements.
Then, with everyone in poverty and doing nothing, you will have a level playing field.
Yes, pure soviet socialism at last!
More evidence that we've never actually recovered from the 'Great Recession,' just hit bottom and then started a pattern of tepid and iregular growth, apparently better known as 'Winning the Future.' Yay.
I prefer to call it Bernanke's Depression, since he was the expert on economic depression who managed to create this mess with his comrades in arms.
Besides nobody even remembers who alan Greenspan is anymore, you'd think he was dead from his book sales.
Alan Greenspan raped the country for decades and then it collapsed and not a single Fed economist saw it coming. and these assholes are in charge of fixing what they don't understand.
we are boned.....
The above chart is the best to show sheeple that that funny gut feeling they have is very real.
"Yeah, unemployment is 6.7%, unless you are looking for a job, that is."
Is it fair to conclude that all the Fed's horses and all the Fed's men have saved and enriched the banks and their boyz, and nothing else?
Humpty Dumpty took a shit on the housing market and all the kings men can't seem to put it back together again.
That could be the stench that has enveloped our economy or it could be the rotting corpse of liberty buried in Washington D.C. that offends the senses.
The labor force participation rate of men has been falling since the 1950s where it was over 90%.
It doesn't seem to be a good indicator of anything.
It does seem to indicate why there is a severe shortage of private fishing holes.
Heh, and that explains why there's no fish in 'em either. I been slippin' in for awhile.
Something is very wrong. One of my silver stocks is up 6% today. Did China declare war on Japan or something?
Anyone who dares speak of the U-6 will be reported to a government official for retraining.
It can't be a good thing, but I can't really make much sense out of these charts given the huge change since 1978 in women working, and its unclear what age limits they have on who should be participating, etc.
Plus, the kind of contract work I mostly do, I probably have hardly ever shown up on these charts as working or not working despite having worked most of the time for decades and being a taxpayer in good standing. And it's been an increasing trend for people to do temp and contract work, and when it shows working that's misleading because it's temp, and when it shows not working it's because as an independent you don't file paper with the BOL. Blech.
High "Quality" troll invades ENENEWS
the troll says all the Plutonium in Hawaii is "background" it was always there, just that no one was looking for it. Complete bald faced lie, the Plutonium went up 2900% to 3500% based on original pre Fuku EPA monitoring, and EPA results after Fukushima.
The troll story, and the EPA data are here
http://nukeprofessional.blogspot.com/2014/01/high-quality-troll-invades-...
These numbers confirm my long held beiief that there has been no true recovery.....or only on WS. The proof of this lies in the commodities numbers....there has never been a true recovery without commodities doing well - right now they are in the bargain basement. I have been long gold/silver mining stocks for years and watched as the fake climb of blue chips made me look rather foolish......I just can't buy into such a patently fake 'recovery'....well I know they can keep manipulating longer than I can stay solvent but these numbers may be the harbinger of realisation, even in the hallowed halls of WS and Washington, that 'you can fool some of the people some of the time.....'.
Snow goose hunting season begins Jan. 16 with a daily bag limit of 25 birds.
Maybe the unemployed can get up off of the couch, grab a gun and go and 'feed' themselves.
25 birds can keep one's belly full for a couple of months, no problem.
You know what happens if 92 million people decide to go snow goose hunting? We have a multitude of Cheney repeats and the extinction of snow geese.
Hey Doc. I still laugh about that! you should (if youhavent already) catch Lewis Black's schtick about that. https://www.youtube.com/watch?v=94w2Aon7vE4&list=PL20837AE86B434324
92 million out of the work force, gave up. Forget about the Establishment right wing ideologues trying to paint them all as welfare queens with 5 kids by 5 different fathers. If 10% of that 90 million , or 9 million men and women are as desperate for work to provide for their families and keep those families together like my personal hero, Cinderella Man, Jersey Jim Braddock was, then none of us are allowed to rest until the American worker goes back to work. 18.5 million foreclosures v. $17 trillion in bankster bailouts. The poor , the voiceless and the common man are our grass roots champions. Mitch Mc Connell and John Cornyn need to go.
No matter what.
Hell, they all need to go!
Like, yesterday.
The new jobs are so well paying that women can choose to stay home to raise kids.
At my expense. Whose yo daddy? Uncle Ben. Whose yo mamma? Auntie Jan.
Gives the Fed an excuse to raise QE again... "See we tried to cut QE but the economy is still too weak..."
The problem really stems from the plight of the working class. Between the idiotic unilateral trade liberalization, the massive influx of cheap labor that begins in the early '70s due to quadrupling immigration quotas and massive illegal immigrationg being tolerated, the costs of labor regulation and unions we've destroyed the economics of labor at the low end in this country. Couple disincentives for women to marry due to welfare rules and we've created a perfect storm of destruction of an entire class of people in this country. And of course wages are on a 'ladder' so depressed working class wages drag down middle class wages to some degree.
Couple this with rigged monetary policy and ridiculous capital markets intventions and what you have is a "free market" that is distorted and gamed only for the benefit of an elite, but done so in a way that allows them to maintain the pretense that they are "helping" the poor. You have to get that the people doing this are not consious of it. I mean, does anyone here actually think Obama understands the actuall free markets? Or even Yellen who sees it as a Keynesian engine for her to dump gas in?
Consider another angle. How did we get here, really? Who is voting in these clowns? Hmmm, it all started back with Woodrow Wilson - and wait, isn't that around when women got the vote? Debt goes up, the Daddy State explode, consumer culture becomes front and center - and remember, not only are women the majority of the population and voters who gave us Obama twice, they also control 80% of household spending. You see, what we really have is a democracy run amok because we have ecomically ignorant people in doing the voting. Women routinely score terribly on basic tests of economic knowledge, and they do worse as they become more educated - not so for men.
Hang on - don't think this is woman bashing. I'm a big fan of woman, but ask yourself, can you even have rational economic discussions with any of them? I have 5 sisters, a daughter - and I tell you, I cannot. They lose interest and seem to dismiss me as some kind of unenlightened being. And it's women who have given us the leviathan of todays govt and it's voracious appetite to "fix" everything. Think about what I'm saying - don't just react. Consider that almost all the comments here are from men. Consider how it all comes apart at the seams as women assert themselves in the west, and feminize all the institutions of our society. Tell me I'm not pointing to something important - I'd actually love to be wrong. But most men I listen to or speak with innately get that we are committing economic suicide. Just sayin'...
Is that why Yellen looks more like a guy ?
NO, It her penis and testicles that make her look like a guy.she borrowed them from Hillary, who got them from Bill after a Blue Dress fiasco a few years ago....
But much of the time our brains are just behind our zipper, so who should we blame?
i liek me some wimmins too!
Nothing like a mentally tough, sweet, smart no-nonsense woman. Most of them are not built that way though. We need that soft caring, but not that soft decision making. It is hard enough to find guys that are capable.
From emotion comes reaction. From discipline comes resolve.
The brain has logic and emotion sections that cannot function together. Emotion overrides logic and visa versa. Women are more emotional than men but as smart or smarter. They are indecisive because of the struggle that exists between logic and emotion and they cannot make up their minds often times. Called sitting on the fence, its a woman's perrogative.
It was females that got the family and farming started back in the hunter/gatherer day. Men were too nomadic and aggressive but it was the females that were smart enough to understand the value of settling down and provided the foundation of societies. Men had a role also but it was females that levered to situation to settle down.
Today, the girls are pulling their own very well integrated into the workforce and still trying to keep family together. Perhaps they need a nudge though to get them out of indecision and off the fence so I have an idea.
Bravery Test. Print up some T-Shirts with: "Repeal the 19th".
Now the girls were smart enough to figure out there was a better way than nomadic life. Lets get them motivated and they can figure out a better solution to all this jobless mess. Once girls get their minds made up, history shows, best get out of the way.
I have never met a woman who could hold or primarily have any interest in economics except for shopping. And, I am the primary provider for the "shopping" part.
Sorry, but it is true.
"Women routinely score terribly on basic tests of economic knowledge, and they do worse as they become more educated - not so for men."
Really? Please cite credible sources in support of the above statement.
You aren't women bashing but your comments are sexist. In my experience both men and women equally are ignorant and naive when it comes to economics and their own personal study of the subject is highly correlated to their knowledge, so this observation runs counter to your above statement.
One thought for you: Would there be more war or less war if women were in charge? If less, how would that affect global economies and the well-being of humankind? Would money be the end-all, or would an elevated well-being for all mankind predominate? These are more rhetorical questions and need no answers but I think you get the idea.
As for individual financial success, in my circles those that have obtained less education have become wildly successful beyond comprehension. These are the rare types that are visionary, work hard and have a passion for what they do. These are the people that turn failing companies into successes, are smart enough to grow their businesses without incurring any debt, and live far below their means to stay off the radar. These are both men and women and their success has nothing to do with education, it has to do with being business savvy. America needs more people like these that provide and create good-paying jobs and aren't afraid to take risks.
You should all note that cattle are sedate and peaceful as the amble up the ramp to be slaughtered. AKA US citizens ambling up the ramp to be a generation of peasants to the elite.
Kina,, worked in a slaughterhouse and they are peaceful til they smell blood,, hence cattle prods, DHS hollow points come to mind here.
How can this economy keep humming along at this pace with so many unemployed? Where do they get the dough?
They make it up.
Well, let's see. You used to be able to get one of them there benefit cards. Darn you JPMorgan.
No real money equals no real jobs.... Can I collect my Nobel Prize for Economics, now?.....
Alright, are you ready? We'll just stick our hand into the hat and pull out the name of the lucky winner.....and..... well I'll be darned. It is Krugman again. What a lucky bastard.
wow 1978 - maybe Obama's(D) second term will be the expected Jimmy Carter(D) equivalent where even the Acorn masses become so desperate that they look to vote republican in a last ditch throw in the towel move.
Tip from a former Real Republican(tm) for the future Desperate Dems(tm) otherwise known as Reagan Democrats - don't fall for the Chris Christie image alterations that the old media are shoving on you. He is NOT - enough said.
So much is screwed up now its hard to imagine what else could be screwed up in the next two years.
Oh, and by the way, those 16million americans who receive SSDI and SSI benefits, who will never work again, ever, even if they wanted to ... we don't count those folks in our calculation. Makes the numbers look bad you know, and we can't have that now can we.
People are going to get a shock when they suddenly realise their USD is worth next to nothing.
I can't wait until me neighbor begins crapping his Obama supporting progressive ass pant. Pass the popcorn and scotch and lets get this on already !
The new economy job......NO F'en JOB....
When we reach 300 million the FED will have done its job...
Hat tip from Larry Kudlow to ZH just now for "getting this story right".
I saw that too! If Kudlow is semi-mainstream and ZH gets a shout out there, what can it mean? Too bad, that yesterday he was so certain that rates just have to go higher...
Obama - The Great Unemployer.
Resist.
www.zazzle.com/FirstPrinciples?rf=238518351914519699
Obama is doing just what his tenders wanted of him, flood the system until it collapses. The problem will be that his tenders dont understand the real American mentality, we wont be breaking down the doors for the Marxists progressives to take care of us, we will be breaking down their door to charge them with sedition and treason then we will hang them. It is easier to accomplish a task sometimes than it is to predict an outcome of what you have accomplished. The law of unintended consequences is something that Liberals are terrible at taking into account. The Cloward and Piven strategy that the left is using will lead to a horrible ending, just not the ending they want.
And the sooner the better.
Drudge Rules!
Unless you haven't heard, the objective of all of this is one world government which is not a bad idea given the recent world wars and pending ones of the atomic variety.
In my humble opinion, the mistake that most great modern economic and political thinkers make is that they believe that each of the great powers is fighting the other when in fact they have made many secret agreements which will keep things going until they have achieved their collective goals.
The various conflicts are just costly hubbub.
With the supposedly "peaceful" One World Government conspiracy, which in its previous disguise was creating all the past international wars, everything in the future will be "Civil Wars".
+1
So let me get this straight.
Millions of people are unemployed, the economy is going nowhere, 4 million people lose their health coverage, the IRS is used to audit political enemies of the president and the media is freaked out because a few thousand New Yorkers were suck in a traffic jam in NJ.
Amazing! This is a distraction folks to keep your eyes off the failures of this government.
It works on leftards.
What's the unemployment rate in Eastasia?
If you have your job you can keep your job.
....oh fuck, wait...
Let me get this straight, more the people stop looking for jobs, the lower is the unemployment rate.
So all we have to do is wait till no one is looking for a job because no jobs are available, then according to the current method of calculation we will have full employment. The fact that participation labor rate will go through the floor will have no consequences whatsoever on the economy.
Politicians are best at barking crap. Economic calculations and interpretations are not exactly their strong points.
The true extent of slowdown in the world economy can be judged by the data points which are not subjected to adjustments by the government. Eg. Change in Electricity and Fuel consumption, Ratio of working population to the total population of a country, Miles driven, Baltic Dry Index, Change in commercial Rental Rates etc
www.marketoracle.co.uk/Article40231.html
FYI - Larry Kudlow uses this on his show tonight, mentioning Zero Hedge twice.
Sha-bing!!!
Go ZH!!!
Ok, which is it? Have a job and support the status quo via taxes, or don't have a job so I won't support the status quo via taxes?
I see both opinions expressed on ZH.
I see people bad-mouthing the FSA then turn right around and say quit your job so you won't support the status quo with taxes.
I would never advise someone to not work so they don't pay taxes. Working and paying taxes isn't the problem.
A nation of heavily armed gutless sheep who won't rise up and stop the tyranny. That's the problem.
Sure it'll collapse on its own eventually. But we'll go down with it. Gold, silver, bitcoin, guns, stored food, none of that stuff will help you.
I don't care anymore. 3/4 of my life is behind me. I can live that last 1/4 under fascism, communism, 2nd world, 3rd world, whatever America becomes. If it gets intolerable I don't need to finish out that last 1/4, I'll just cut it short, as will many others in the last 1/4 of their lives.
You young folks want any sort of decent future in America, you better get off your lazy gutless sheep asses and get control of this govt.
That's all I have to say about it.
"heavily armed gutless sheep" are sheep. Sheep or not, being armed against the Military National Security State which is armed from the IRS to the Post Office to the Agriculture Dept. to the TSA, FBI,CIA,NSA,etc, is hopeless. Brains not arms will have to beat this beast down. Young and old, those of us who are "awake" will have to act, when the time comes. In the mean time read Hans-Hermann Hoppe "What Must Be Done" to get rid of the Tyranny from the bottom up.
Armed American vastly outnumber USG human drones.
If TSHTF, how many USG drones are going to want to get shot at for that ever-decreasing value in their paycheck?
95,000+ reads so far. and this is only January 10th. Thanks, Drudge.
If you like your job, you can apply for another one just like it.
If you like your job, you can follow it to the People's Republic of China and learn to live on 30$ a month.
On the upside they too have Obamacare, on the downside it works just about as well as it does in the states.
Yellin's plan is to put $16 trillion on the Seattle Seahawks tomorrow -8 points; then put the winnings on The Denver Broncos Sunday -9 1/2. Debt vanishes, and Janet's a heroine.
Theoretically that would work, but it would create enormous counter-party risks that could jeopardize global banking systems which have not been sufficiently stress tested under this specific scenario.
Therefore she will punt and run the inkjet printers overtime creating fiat from the quantum nothingness of the universe, mustering yet more currency from thin air.
Abbra Ka-Fucking Dabra...
From David Stockman:
“Gold is the only money that can neither be destroyed or created by the rogue central banks which maraud the global economy. So naturally they see gold as the ‘barbarous relic,’ or as the enemy of politically-controlled monetary central planning.
And yet we can see over and over, going all the way back to the (late) 1960s, on the eve of when Nixon finally closed the gold window, that it was the free market in gold that time and again told policymakers that they were on the wrong track -- that they were attempting to create free lunches, and that it couldn’t be sustained. And yet I think we are in the same environment again today.” KWN, D. Stockman interview.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/11_Da...
I read that series of interviews, elsewhere he says it's gonna blow this year.
Long concrete bunkers.
You are stupid. LFPR falling as baby boomers increasingly reach retirement age. Not a sign of weak economy just a demographic fact. This is not discouraged workers leaving. It's people retiring. At least 70 or 80 percent. You are being inflammatory
If that were true, then the retiring boomers would be replaced with up-and-coming 20-somethings. In reality, the jobs of the retiring boomers are being eliminated. Since the population is rising by approximately 1 percent per year, we need to create about three million jobs per year, or 250k per month. We are falling behind in terms of job creation, and have been for several years. This fact is not inflammatory, it is a symptom of a major crisis...
The unemployment rate must be understood. The rate is acceleration. When the rate is positive, unemployment is increasing. An unemployment rate that decreases but still remains positive still indicates increasing unemployment just a slower rate of acceleration. A negative unemployment rate would indicate employment is growing.
This can be seen in the data from two [2] sources:
US Bureau of Labor Statistics bls.gov/web/empsit/ceseeb1a.htm
US Census Bureau Population Clock census.gov/popclock/
Using these two sources, you can see the staggering numbers of unemployed.
For example, from the December 2013 Population Clock;
1 person every 17 seconds, 3.53 people every minute, 211.76 people every hour, 5,082 people every day, 1,855,059 new people per year; divided by 12 months is 154,588 people per month. These are new mouths showing up every month. The people per second keeps changing resulting in 155,000 to 200,000 per month new population.
From the the Bureau of Labor Statistics: December 2013 Non Farm Payrolls 136,877,000
Private Employment 115,020,000 36%
GovtEmploy 21,857,000 7%
Unemployed 180,464,000 57%
US Population 317,349,000 100%
Certainly some of the unemployed are children, retirees, prisoners, infirmed, etc. What is revealing is so few workers provide for the needs of so many. Private employment is heavily encumbered with government contracts that while showing up in the private employment figures still represents money taken from others and funding private employment.
With government funding private employment via contracts, the 36% private employment could be as low as 25% of the US population is actually taking all the risk and paying all the bills for the entire 317 million. Government employed and its component in private employment is a blight on this nation as no other. I am in no way bashing the unemployed whether willful, too young or old, or infirmed. Unemployed is a real component of total US population that needs to decrease.
Obama will be remembered historically as a "politically hazardous asteroid" that impacted the Earth.
Memo to self: Start building America. Stop feeding on America.
That is true, any rate above zero is an indicator that there are more people than jobs.
If the rate was negative, that would indicate that there are more jobs than people.
The goal should be 0 to negative 1% unemployement, meaning that the economy is growing and every individual is needed.
The sad fact about the real world is, that even if you had more jobs than people, there would still be a lot of useless people out there that would not fit in.
The unemployed should simply view their current situation as an extended vacation. Relax, smell the roses, watch the games and contemplate the meaning of life.
Bloomberg reports this?!
We've become paralyzed spider food! http://shutupnsing.wordpress.com/2014/01/11/the-final-nail/
The sad fact is: If we don't get manufacturing (Real base product Steel, Plastics, Rubber) for export back to this country we will fail as did Mao until Deng came around. He understood that base Need! Japan understood when W Edwards Deming explained accessing work competitively from the world. S. Kporea understood the success of japan and copied.
We need jobs for high school kids that won't train to be Computer experts! Do this, get MFG for exporting base product back into America or we will fail! There is a path but it involve deep changes in Federal Government thinking!
Which is why I pay no attention to the unemployment figures. If they calculated it as it really stands, unemployment would probably triple or quadruple.