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The Number Of Working Age Americans Without A Job Has Risen By Almost 10 Million Under Obama

Tyler Durden's picture





 

Submitted by Michael Snyder of The Economic Collapse blog,

That headline is not a misprint.  The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House. 

In January 2009, the number of "officially unemployed" workers plus the number of Americans "not in the labor force" was sitting at a grand total of 92.6 million.  Today, that number has risen to 102.2 million.  That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office.  So why does the "official unemployment rate" keep going down?  Well, it is because the federal government has been pretending that millions upon millions of unemployed workers have "left the labor force" over the past few years and do not want to work anymore.  The government says that another 347,000 workers "left the labor force" in December.  That is nearly five times larger than the 74,000 jobs that were "created" by the U.S. economy last month.  And it is important to note that more than half of those jobs were temporary jobs, and it takes well over 100,000 new jobs just to keep up with population growth each month.  So the unemployment rate should not have gone down.  If anything, it should have gone up.

In fact, if the federal government was using an honest labor force participation rate, the official unemployment rate would be far higher than it is right now.  Instead of 6.7 percent, it would be 11.5 percent, and it has stayed at about that level since the end of the last recession.

But "6.7 percent" makes Obama look so much better than "11.5 percent", don't you think?

The labor force participation rate is now at a 35 year low, and the only way that the federal government has been able to get the "unemployment rate" to go down is by removing hundreds of thousands of Americans out of the labor force every month.

Why don't they just get it over with and announce that they have decided that all workers immediately leave the labor force the moment that they lose their jobs?  That way we could have an unemployment rate of "0.0 percent" and Obama could be hailed as a great economic savior.

Of course the truth is that the employment crisis in the United States is about as bad now as it was during the depths of the last recession.

If you want a much more accurate reading of the employment picture in America, just look at the employment-population ratio.  The percentage of working age Americans that actually have a job continues to stagnate at an extremely low level.  In fact, the percentage of working age Americans that are employed has stayed between 58.2 percent and 58.8 percent for 52 months in a row...

Employment-Population Ratio 2014

Does that look like an "employment recovery" to you?

Because no matter how hard I squint my eyes, I just can't see it.

The percentage of Americans that actually have jobs should have bounced back at least a little bit by now.

But it has not happened.

And guess what?  Most people don't know this, but the U.S. economy actually created fewer jobs in 2013 than it did in 2012.  So the momentum of job creation is actually going the wrong way.

No matter how rosy the mainstream media makes things out to be, the reality on the ground tells an entirely different story.

For example, just check out the desperation that was displayed on the streets of New York City last week...

The line wrapped nearly around an entire city block on Friday as approximately 1,500 people waited in Queens for a chance to apply for a coveted union job as painters or blasters on bridges and steel structures.

 

The first few people on line had been there since 1 p.m. on Tuesday when the temperature in New York City was in the single digits.

The job that those desperate workers wanted to apply for only pays $17.20 an hour.

Of course that is far from an isolated incident.  Last week, I wrote about how 1,600 workers recently applied for just 36 jobs at an ice cream plant in Maryland.

We would not be witnessing scenes like these if the unemployment rate in America was really just 6.7 percent.

An article by Phoenix Capital Research does a good job of summarizing how useless the official government numbers have become...

Since 2009, we’ve been told that things have improved. The fact of the matter is that the improvement has been largely due to accounting tricks rather than any real change in reality.

 

Sure you can make unemployment look better by not counting people, you can claim the economy is growing by ignoring inflation, you can argue that inflation is low because you don’t count food or energy, but the reality is that all of these arguments are grade “A” BS.

 

We are now five years into the “recovery.” The single and I mean SINGLE accomplishment from spending over $3 trillion has been the stock market going higher. This is a complete and total failure. Based on the business cycle alone, the economy should be roaring.

 

What does it say that we’ve spent this much money and accomplished so little?

 

The word is FAILURE.

 

The media is lying about the economy. They have been for years. Even the BLS now admits that its methodologies are either inefficient (read: DON’T work) or outright wrong.

The cold, hard reality of the matter is that there has not been an economic recovery in this nation.

Anyone that tries to tell you that is lying to you.

And now the next major wave of the economic collapse is rapidly approaching.

The U.S. national debt is on pace to more than double during the eight years of the Obama administration and the Federal Reserve has been recklessly printing up trillions of dollars.  The long-term damage that they have done to our economy is incalculable.  But despite all of those extraordinary "stimulus" measures, the percentage of Americans that are actually working has not budged.

If we were going to have a recovery, it would have happened by this point.  In fact, this is all the "recovery" that we are going to experience.

From here on out, this is about as good as things are going to get.  As bad as you may think things are now, the truth is that this is rip-roaring prosperity compared to what is coming.

 


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Mon, 01/13/2014 - 18:50 | Link to Comment fonestar
fonestar's picture

Maybe if more Americans would virtualize their careers and stopped waiting for the second coming of Detroit making V8 cars things would improve?

Mon, 01/13/2014 - 18:53 | Link to Comment Deathrips
Deathrips's picture

Working on a plan, but cant figure it out..cause teachers taught them how to repeat information..not think or plan.

 

/s/ or not to /s/, that is the question.

 

RIPS

Mon, 01/13/2014 - 18:53 | Link to Comment negative rates
negative rates's picture

We had to change the rules so you wouldn't complain about it, worked so far.

Mon, 01/13/2014 - 18:59 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

In Russia, citizen is at least to pretend work (government is pretend pay), but in USSA, citizen is do nothing and is expect auto deposit to bank account. This is final step of absolute serfdom, accomplishment even is not Lenin, Stalin, Kruschev, Breshnev, Andropov, Gorbechev, Yeltsin, Putin et al is can conceive.

Mon, 01/13/2014 - 19:04 | Link to Comment Haywood Jablowme
Haywood Jablowme's picture

Is it wrong that Pelosi gives me a boner?  I would love seeing her and Billary carpet munching one another's man-ginas.

Mon, 01/13/2014 - 19:08 | Link to Comment NemoDeNovo
NemoDeNovo's picture

I might NEVER be able to get that image out of my mind..........

Tue, 01/14/2014 - 03:50 | Link to Comment Notarocketscientist
Notarocketscientist's picture

Think of that next time you are getting down with a hotty and you want to extend your performance time

Mon, 01/13/2014 - 19:18 | Link to Comment markovchainey
markovchainey's picture

Oh Goddess!  Please!  Remove this image from my brain!

Mon, 01/13/2014 - 19:41 | Link to Comment stant
stant's picture

well they can both hang thier strapon out the window and claim they fucked the world. thats closer to my mental image

Mon, 01/13/2014 - 20:11 | Link to Comment FredFlintstone
FredFlintstone's picture

No, she's pretty hot. Fit and trim. Probably has a Brazilian wax. Probably doesn't like to swallow though.

Mon, 01/13/2014 - 20:23 | Link to Comment Winston Churchill
Winston Churchill's picture

You are one sick MF.

Tue, 01/14/2014 - 00:21 | Link to Comment Rockatanski
Rockatanski's picture

What if they just scissored? 

Mon, 01/13/2014 - 19:04 | Link to Comment fonestar
fonestar's picture

Boris is realize too that physical labourer bear grudge against modern world for not be as dumb self?

Mon, 01/13/2014 - 19:23 | Link to Comment Boris Alatovkrap
Boris Alatovkrap's picture

Bear grudge is when Putin is wrestle Ursus arctos beringianus and defeat in humiliation. 

Mon, 01/13/2014 - 19:41 | Link to Comment insanelysane
insanelysane's picture

Boris is 100% correct.  Obama and crew found the weak link with communism.  In communism, there is a working class that is required to work in exchange for something from the government.  The workers get unhappy with the exchange of work for the pittance of goods and overthrow the government.  In USSA, there is no working class.  There is a free shit army on an infinite number of weeks unemployment.  They really can't complain to the government because they are getting a pittance but aren't doing any labor what so ever. 

Mon, 01/13/2014 - 19:44 | Link to Comment eclectic syncretist
eclectic syncretist's picture

fonestar is phony.  Doesn't see Obama wants everyone to quit working and go with his incentivation program to have multiple kids and stay at home watching government sponsored TV.

Mon, 01/13/2014 - 20:09 | Link to Comment FredFlintstone
FredFlintstone's picture

"government sponsored TV"... Jerry Springer is government sponsored? I can believe that.

Mon, 01/13/2014 - 19:06 | Link to Comment James_Cole
James_Cole's picture

The cold, hard reality of the matter is that there has not been an economic recovery in this nation.

Of course there has been, look at the Dow. The point is it's been an economic recovery that's benefitted very few. Seems like America has fully embraced the tale of two cities days.

What is it Rubio said about driving through rich neighbourhoods as a kid? "We'll be joining you soon" lol that lie is getting harder to sell that's the main difference.

It's a big club and if there was any doubt before, now the folks know for sure - they ain't in it!

Mon, 01/13/2014 - 19:10 | Link to Comment NemoDeNovo
NemoDeNovo's picture

It's a big club and if there was any doubt before, now the folks know for sure - they ain't in it!

 

RIP George Carlin

Mon, 01/13/2014 - 19:45 | Link to Comment insanelysane
insanelysane's picture

I don’t want to belong to any club that would accept me as one of its members.

-Groucho Marx

Mon, 01/13/2014 - 20:46 | Link to Comment Ignorance is bliss
Ignorance is bliss's picture

Love that quote.

Mon, 01/13/2014 - 20:14 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

Didn't Obama promise a stockbroker in every pot?

I'm saving a fortune in taxes since  I took a 33% salary cut and doubled my hours worked.

Recovery/Depression they are now two words that mean the same thing. 45 million people on food stamps are hungry for an economic recovery that will never happen.

Bernanke,Greenspan, Yellen, these will be the curse words of our children. Barrack will be as popular as Adolph as a childs name. Obama will become a code word for a bowel movement.

I just took a great big Obama, don't go in the bathroom for awhile.

If you like your depression, you can keep your depression.

Mon, 01/13/2014 - 20:28 | Link to Comment Winston Churchill
Winston Churchill's picture

Think it was a pawnbroker in everybodys hovel.

Tue, 01/14/2014 - 00:50 | Link to Comment Falling Down
Falling Down's picture

I've used that, "gotta leave the Obamas off at the pool".

Tue, 01/14/2014 - 13:01 | Link to Comment teolawki
teolawki's picture

I would prefer a banker in every pot. Boiling oil should do quite nicely.

Mon, 01/13/2014 - 19:10 | Link to Comment lakecity55
lakecity55's picture

"Under my Administration, the Bullshit will pile so high you'll need a Soyuz to stay above it, 'cause I also killed the US space program."

Mon, 01/13/2014 - 22:38 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Boris is said comment here leaves me of questions:

In Russia, citizen is at least to pretend work (government is pretend pay), but in USSA, citizen is do nothing and is expect auto deposit to bank account.

Expected of me, USSA US citizenism, do show up for work, some task tendings make, contingency on this then payment biweekly is auto deposit. Is question on this, what is my wrongdoing? Similar with Boris is have time to better spent on mine copper, projects of garage science and tinker is better my time spend. How is continue auto deposit and do change USSA US citizenism expectation are contingent on me is do nothing?

This is final step of absolute serfdom, accomplishment even is not Lenin, Stalin, Kruschev, Breshnev, Andropov, Gorbechev, Yeltsin, Putin et al is can conceive.

Is question on this, was Comrade Chernenko is have conceive this accomplishment in 13 months term between Andropov and Gorbachev, or do you are saying of something else?

Mon, 01/13/2014 - 19:57 | Link to Comment Deathrips
Deathrips's picture

TYLER/s and all,

 

Check this out.

 

Discover card, that I use for small inventory in my business, just sent me a home loan approval!!! A full approval. I have a 3 figure balance and pay off every month. Liar Loans are back...rinse repeat. My dog needs a loan. Maybe yours too? The american dream Home Ownership aka clearing crap of insolvent balance sheets. Muppet slaughter comming 2014. I can picture all those kids with high student loan balances, up to their nose in credit card debt getting these offers and thinking someone is helping them out. Picture MR and Mrs barely hanging on living off 401k and CC thinking this is a godsent. This is some fucked up shit.

 

When they offer a non recourse 10% incentive to buy a home ( really take a loser off their books)...i might consider loading up on a 3M home and sit there for 4 years disputing the note...meanwhile living for free. My real question is..what could I buy with all that money they will "GIVE" to me.

 

Make it simple. Its another bank bailout. They want to double tap the consumer. Give them credit to buy overvalued crap, then print more money and tax them.

 

Monday coctails .... Here comes the RIPPER>

 

RIPS.

Mon, 01/13/2014 - 18:53 | Link to Comment The Gooch
The Gooch's picture

With all due respect, STFU.

 

Mon, 01/13/2014 - 19:14 | Link to Comment TeamDepends
TeamDepends's picture

It can't:  Once bit, never shy.

Mon, 01/13/2014 - 18:57 | Link to Comment ncdirtdigger
ncdirtdigger's picture

What kind of uniform do bitcrap miners wear?

Mon, 01/13/2014 - 19:02 | Link to Comment fonestar
fonestar's picture

Silicon coloured silk polo shirts, Google glasses and Devo hats to protect from falling bytes.

Mon, 01/13/2014 - 19:05 | Link to Comment The Gooch
The Gooch's picture

You would fare well in a machine shop "making stuff".

Mon, 01/13/2014 - 19:13 | Link to Comment NemoDeNovo
NemoDeNovo's picture

LOL, you jest.  PhoneStar is gonna mine their way to the Promised Land, no sweat equity required.  This is the new 'meriKa, just sit back and let the money Rain Down, bitchez!!!

 

Ok rant over I feel better now

Mon, 01/13/2014 - 19:25 | Link to Comment fonestar
fonestar's picture

It's not about manufacturing physical things anymore.  

I'll just sit and grin... the money will roll right in.

Mon, 01/13/2014 - 19:34 | Link to Comment Colonel Klink
Colonel Klink's picture

Fonestar will just sit and spin....as Obama slide right in him.

Fixed it for you Fonestar.

Mon, 01/13/2014 - 19:35 | Link to Comment James_Cole
James_Cole's picture

It's not about manufacturing physical things anymore.  

Can't tell if you're joking or not. 

Mon, 01/13/2014 - 19:42 | Link to Comment NemoDeNovo
NemoDeNovo's picture

I don't think its a Joke, sadly 

Mon, 01/13/2014 - 19:47 | Link to Comment James_Cole
James_Cole's picture

Computers, conjured by wizards & run on magic! 

Mon, 01/13/2014 - 19:48 | Link to Comment fonestar
fonestar's picture

The service-based economy has provided a plethora of great careers for people who would otherwise have few marketable skills.  What is needed is the patience to sit all day, learn lingo about the cloud and virtualization and of course convince your employers that you provide rare and essential skills to your organization.

Mon, 01/13/2014 - 19:57 | Link to Comment James_Cole
James_Cole's picture

The service-based economy has provided a plethora of great careers for people who would otherwise have few marketable skills.

Right, marketable skills like 'lingo' as opposed to unmarketable skills like being able to make physical things.

Let us not forget, the cloud is of course run entirely on lingo and has no physical component to consider, yet another modern day miracle! 

Mon, 01/13/2014 - 22:55 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

What is needed is the patience to sit all day, learn lingo about the cloud and virtualization and of course convince your employers that you provide rare and essential skills to your organization.

That is absolutely one of the best descriptions I've ever seen of the bullshit-based economy. +1

I'm totally serious.

The chumps who actually learn the skills to run the technology are then expected to do the work. The great careers are for those who learn the lingo and deliver the Grade-A Bullshit®. They end up as VPs to whom the chumps report, take credit for the chumps' successes, blame the chumps for any failures, and are paid at least ten times what any chump makes.

Mon, 01/13/2014 - 19:45 | Link to Comment The Gooch
The Gooch's picture

By "money" you mean?

Mon, 01/13/2014 - 20:03 | Link to Comment fonestar
fonestar's picture

BITCOIN!!

Mon, 01/13/2014 - 19:29 | Link to Comment sessinpo
sessinpo's picture

Actually, I picture fonestar plug into the matrix just like the movie. He is no Neo.

Mon, 01/13/2014 - 19:05 | Link to Comment Skateboarder
Skateboarder's picture

No matrix neck implant? I thought that was the hot, new shit.

Mon, 01/13/2014 - 19:28 | Link to Comment akak
akak's picture

You will be assimilated into the bitcoin hive mind.
 
Your species will adapt to serving Satoshi, and your biological and technological uniqueness will be added to the Blockchain.

Resistance is futile.

Mon, 01/13/2014 - 23:08 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Yet, once again, Blockchain bitcoinism citizens can not self indict.

This kind of 'fonestarist' comments points at something: the quasi certainty achieved by Blockchain bitcoinism.

But once again, self indiction can not be performed. All that mighty intellect, deeply trained, and saddled by Blockchain bitcoinism, fall victim (victimhood is high among Blockchain bitcoinism citizens) of a bias declared and fabricated by one of their reverated idols, Satoshi Nakamoto, that is of prototyped Blockchain bitcoinism citizen chairsman...

You can be sure that anytime that be Blockchain bitcoinism citizens will use their power to avoid self indiction.

Mon, 01/13/2014 - 23:28 | Link to Comment akak
akak's picture

Indeedwise, the mettle of the eternal nature of Blockchain 'bitcoin' citizenism lies in the blobbing-up of the bubblemania means, just that.  Monolizing the preaching means to beyond and into the most of all.  Seeking of symmetry in progrationalizing of pseudo-'fake libertarianism' of bitcoin citizenism fableizing.  Shaking hands with the NSA man and calling him noble father.

Have to give a dunghand to them, though, Blockchain 'bitcoin' citizenism citizens are best at ushering in the New World Odor of completely trackable currencies.  But hey, as they say, you can lead a lamb to slaughter but you can't make him not stink.

 

Mon, 01/13/2014 - 23:58 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Alas, yes, and yes, alas, the requirement for an exterior.

Blockchain bitcoinism can not stand for itself. It needs an exterior to prop it. Nothing can be answered to internally, it has to be referenced to an exterior.

Funny when you recall that Blockchain bitcoinism has a global aim, meaning that it has to erase the exterior to fulfill its potential.

Just for the fun, lets see if some Blockchain bitcoinism citizens are creative, would be surprise but hey give them a chance, be a kind soul or something like that.

So, once Blockchain bitcoinism has spread everywhere, that there is no more exterior so to speak, how will Blockchain bitcoinism citizens kick the can when ask simple questions about Blockchain bitcoinism?

Mon, 01/13/2014 - 19:21 | Link to Comment XAU XAG
XAU XAG's picture

And the 2013/14 Golden Globe awards for the best comedy posts goes to...........................................................................................

 

lonestar! Alias fonestar

Mon, 01/13/2014 - 19:26 | Link to Comment akak
akak's picture

Now we know what happened to MillionDollarBonus.

He became .... MillionDollarBitcoin, aka Fonestar!

Mon, 01/13/2014 - 19:49 | Link to Comment XAU XAG
XAU XAG's picture

@akak

 

you mean lonestar gets a million $ for posting his shit!

 

Still could not post that shit he peddles for any amount of $

 

Gold or silver................that could be another story

 

Mon, 01/13/2014 - 19:59 | Link to Comment fonestar
fonestar's picture

I do not get paid for posting anything!  

I believe in making my money the good ol' fashioned way... spyware, spam and identity fraud.

Mon, 01/13/2014 - 20:02 | Link to Comment akak
akak's picture

I tend to believe your latter statement, at least.

Mon, 01/13/2014 - 20:12 | Link to Comment fonestar
fonestar's picture

I actually got my SIM reader and cloning equipment off of Silk Road.

Mon, 01/13/2014 - 20:12 | Link to Comment XAU XAG
XAU XAG's picture

fonestar quote

 

"I believe in making my money the good ol' fashioned way... spyware, spam and identity fraud."

 

@lonestar

 

Yes I think most on here have realised you are a fraudster!

Mon, 01/13/2014 - 20:21 | Link to Comment fonestar
fonestar's picture

I'm just a young buck hustling in a world of bytes.

Mon, 01/13/2014 - 20:28 | Link to Comment XAU XAG
XAU XAG's picture

@lonestar

 

In my part of the world I have a saying for youg bucks & does

 

You still havent got the cradle marks off your arse.......and know nothing yet!

Mon, 01/13/2014 - 18:50 | Link to Comment NuckingFuts
NuckingFuts's picture

Work is for bitchez..... I mean suckers

Mon, 01/13/2014 - 18:57 | Link to Comment fonestar
fonestar's picture

It's time for Americans to roll up their sleeves and sit down in front of their keyboards.

Mon, 01/13/2014 - 19:07 | Link to Comment The Gooch
The Gooch's picture

MOLON FOXCONN

Mon, 01/13/2014 - 19:42 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Foneystar phonestar 66 until broker reveal you lost all $10 you had gambled on bitcoin and Bernanke.

Mon, 01/13/2014 - 19:10 | Link to Comment mess nonster
mess nonster's picture

I haven't had a "job" (defined as giving my SS# to the IRS so they can take a chunk of my poaycheck without me ever seeing it.), since 1992. 

Fuck the system, drop out, learn how to make or fix things people need, cash only, oh, did I say, fuck the system?

Mon, 01/13/2014 - 19:34 | Link to Comment Mr Pink
Mr Pink's picture

I dropped out 2 years ago. Working 6 days a week to finance their drone strikes wasn't what I dreamed about as a child

Mon, 01/13/2014 - 19:44 | Link to Comment XAU XAG
XAU XAG's picture

@mess nonster

Started in 1989 ............thier is always a way around a system

Mon, 01/13/2014 - 19:46 | Link to Comment fonestar
fonestar's picture

what's a job?

Mon, 01/13/2014 - 22:44 | Link to Comment RafterManFMJ
RafterManFMJ's picture

Yes.

I enjoyed your post and applaud you... But for those of us trying to learn, what work are you doing? How about some general pointers?

Mon, 01/13/2014 - 18:55 | Link to Comment Caveman93
Caveman93's picture

Transitory?

Mon, 01/13/2014 - 19:01 | Link to Comment TeamDepends
TeamDepends's picture

Anecdotal.

Mon, 01/13/2014 - 20:19 | Link to Comment TheMerryPrankster
TheMerryPrankster's picture

Nascent

Mon, 01/13/2014 - 18:57 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Just close your eyes, tap your heels together three times and repeat after me.

"There's no place like Obama place, there's no place like Obama place."

Mon, 01/13/2014 - 19:17 | Link to Comment NemoDeNovo
NemoDeNovo's picture

Wastin' away in Obamaville....... 

 

http://youtu.be/xEYFFiEnUjQ

 

#ObamaPhones 4 Life!!!! 

Mon, 01/13/2014 - 18:57 | Link to Comment akak
akak's picture

The total number of bitcoins has ALSO risen by almost 10 million under Obama.

Coincidence, or conspiracy?

Mon, 01/13/2014 - 19:06 | Link to Comment TeamDepends
TeamDepends's picture

No one noticed him stealing the tips off the tables, pretending to work there.

Mon, 01/13/2014 - 19:12 | Link to Comment Skateboarder
Skateboarder's picture

It's a coinspiracy.

Mon, 01/13/2014 - 19:19 | Link to Comment q99x2
q99x2's picture

In my case Obama wasn't the reason I'm not working. It was Bitcoin.

YeeeeeeeeHaaaaaaaaa.

Mon, 01/13/2014 - 19:16 | Link to Comment shepherd
shepherd's picture

I'm sure Hitler is invovled.

 

Yeeehaaa!

Mon, 01/13/2014 - 19:30 | Link to Comment akak
akak's picture

"Hitler" is just a Jewish conspiracy.

Mon, 01/13/2014 - 20:56 | Link to Comment shepherd
shepherd's picture

Kinda like the FED?

Mon, 01/13/2014 - 19:19 | Link to Comment nmewn
nmewn's picture

Is it too late to digitally transform all my fiat so I know its safe from the prying eyes of the NSA? ;-)

Mon, 01/13/2014 - 18:57 | Link to Comment Greenskeeper_Carl
Greenskeeper_Carl's picture

As long as all these Bennie biz keep getting accepted throughout the world, and as long as oil is sol in dollars, this can and will continue for years. We will all be saying the same shit next year. This will be a long, slow decay.

Mon, 01/13/2014 - 18:58 | Link to Comment 10mm
10mm's picture

Im afraid the reset will be ugly.

Mon, 01/13/2014 - 18:58 | Link to Comment lakecity55
lakecity55's picture

Must...destroy....moar....jobz....help, Reggie!

Mon, 01/13/2014 - 18:59 | Link to Comment Frozen
Frozen's picture

And to think, thats with an 85- sorry, 75B/month sticksave liquidity injection

Mon, 01/13/2014 - 19:00 | Link to Comment Bawneee Fwank
Bawneee Fwank's picture

FSA adding new recruits daily!!!

Mon, 01/13/2014 - 19:12 | Link to Comment Rentier
Rentier's picture

This is why they won't extend unemployment benefits...they can't!  They need to keep the leeches off the rolls so looks like things are getting better and keep the 'dream alive'.

Mon, 01/13/2014 - 19:39 | Link to Comment sessinpo
sessinpo's picture

Rentier   "This is why they won't extend unemployment benefits...they can't!  They need to keep the leeches off the rolls so looks like things are getting better and keep the 'dream alive'."

Comment:

You are joking rignt? If not you obviously don't understand the blue/red pill.

Republicans are happy to have as many dependent on government with Republicans in control.

Mon, 01/13/2014 - 19:22 | Link to Comment sethstorm
sethstorm's picture

Thank the private sector.

Mon, 01/13/2014 - 19:25 | Link to Comment q99x2
q99x2's picture

Doesn't war usually happen around this time of the centrury.

Most everyone I meet seems like they just can't wait to fight.

 

Mon, 01/13/2014 - 19:29 | Link to Comment Everybodys All ...
Everybodys All American's picture

How anyone could have expected a different outcome is beyond me.

Mon, 01/13/2014 - 19:32 | Link to Comment JuliaS
JuliaS's picture

"Under Obama" - that's a little misleading. How about "under Bernanke" or "under Geitner" or under any other person holding the actual power as oppose to being skilled at announcing the policy off a teleprompter?

Mon, 01/13/2014 - 19:51 | Link to Comment Everybodys All ...
Everybodys All American's picture

Obama is the president and the only thing holding him back from any responsibility are those who voted for him. Thanks for the confirmation.

Mon, 01/13/2014 - 20:30 | Link to Comment JuliaS
JuliaS's picture

I voted for Ron Paul, so I have no idea what you're getting at.

Mon, 01/13/2014 - 19:34 | Link to Comment Atomizer
Atomizer's picture

The futuristic imbeciles who continue to develop robots will find, that the assigned robots to fix your working robots will rebel. How? A string of software commands embedded within the software. In fact, we could use your facial recognition, voice tones to have the robot act in a defense mode.

 

Let’s play out a scene, you come into office with a gun. Threaten to kill me because your shareholder promises haven’t been met. The event is recorded, he dies. The artificial drone acted as programmed. There was no fuzzy logical learning mode. Just a of string code to protect the inventor from harm.  

 

When the upcoming individual declares his new race of robots to replace humans… We will all sit back and watch his/her glory until the robot code is triggered. This new quadrillionire will die during his speech, from his so called creation. Just remember, a computer can only do what you input. A robot is no different.

 

Mon, 01/13/2014 - 20:03 | Link to Comment FredFlintstone
FredFlintstone's picture

Whatever you are atomizing is being inhaled by some upvoters. I must be dense, I don't understand.

Mon, 01/13/2014 - 21:21 | Link to Comment Atomizer
Atomizer's picture

Give it time. Don't expect you to understand today..In the future, it will be clear. Probalaby fucked with your yaba yaba doo mind.

Bluntly said, we’re the good guys helping!

Mon, 01/13/2014 - 19:37 | Link to Comment Seasmoke
Seasmoke's picture

How many of those are white males ????

Mon, 01/13/2014 - 19:47 | Link to Comment eclectic syncretist
eclectic syncretist's picture

http://en.wikipedia.org/wiki/Historical_racial_and_ethnic_demographics_o...

Be careful!  You will be called racist for citing facts.

Mon, 01/13/2014 - 19:45 | Link to Comment shutdown
shutdown's picture

Is this why the USA imports two million people each year?

Mon, 01/13/2014 - 19:45 | Link to Comment Questan1913
Questan1913's picture
"The Number Of Working Age Americans Without A Job Has Risen By Almost 10 Million Under Obama"

 

 

It's OK because it keeps the Debt Cartel not only viable, but fat and sassy to boot.  Follow the money.  Every dollar the Federal Government borrows is an asset on someones balance sheet.

Mon, 01/13/2014 - 19:51 | Link to Comment Tenshin Headache
Tenshin Headache's picture

So the author says we need 100,000 jobs a month just to keep up with population growth. Seven years of that is 100,000 x 12 x 7 = 8.4 million.

After adjusting for population growth, 10 million becomes 1.6 million.

I don't think the BLS even knows what truth is any more, but this article does not help the cause of clarity, IMHO.

Mon, 01/13/2014 - 20:18 | Link to Comment Atomizer
Atomizer's picture

A last point, before SIRI we had honeypots of test sites. Each question was populated to develop a common answer. Only the human experience can aid in expanding artificial intelligence. Artificial intelligence can’t foster brainpower.  I really don’t give a FUCK if GOOGLE claims differentially. Ask Sergey Brin why his old methods of collecting data in a text box now requires a population to wear google glasses.

 

Watch his face and asshole pucker at once. Make sure you capture it with his google glasses before the asking question. Don’t forget to install the google glasses infrared facial feature mode[ red means lying mode]. A clown pitching a clown idea will be found out by his own deceitful lies.

Mon, 01/13/2014 - 20:28 | Link to Comment Big Corked Boots
Big Corked Boots's picture

With 10 million people, you could build an army.

Unfortunately, 0bama has built a constituency.

(invincible FSA, bitchez - join or die.)

Mon, 01/13/2014 - 20:34 | Link to Comment kjlowther
kjlowther's picture

Its disengenious to blame it all on the Obama administration as some posters would like you to believe. This administration has contributed to the issue through lack of reform (the Jobs Act just added more regulation) and any sort of meaningful policy. Adding costs to companies hardly encourages them to hire more American workers (payroll taxes, the (Un)Affordable Healthcare Act). The unemployment issue is structural: employers either aren't competitive enough to operate in the US due to cheaper centers offshore or its easier to do business elsewhere (not strangled by regulation/taxes); alternatively employees don't have the right skill sets to be hired.

Both parties, and the three branches of government are to blame for this mess. There are plenty of examples elsewhere in economic history that has tackled the issue of resolving high unemployment and most it revolves around less government, lower benefits and a more competitive and deregulated environment NOT the other way round. Until the Government starts acting that way rather than introducing more laws and higher taxes, the unemployment issue will stay.

 

Mon, 01/13/2014 - 20:57 | Link to Comment Atomizer
Atomizer's picture

Keep snorting your cocaine. Clinton worked with Greenspan on expanding your house ATM to create more uncollateralized debt holdings . George Bush got blamed. Then this Kenyan tells you to apply for a HEMP program under Federal Reserve ZIRP lending extensions.

Bill Clinton's drive to increase homeownership went way too far

http://www.businessweek.com/the_thread/hotproperty/archives/2008/02/clintons_drive.html

Mon, 01/13/2014 - 21:50 | Link to Comment kjlowther
kjlowther's picture

You're confusing the housing bubble with unemployment. What is your point?

Mon, 01/13/2014 - 23:15 | Link to Comment Westcoastliberal
Westcoastliberal's picture

Sorry Bud, but you sound like a Kool-Aid drinker.  I, for one, am totally pissed off with the lies this empty suit has spewed forth and although I was taken in & voted for the shmow in '08 I sure as hell didn't make that mistake again in '12 (didn't vote for Romney either, who would have been worse).

But you're right on the "both parties are guilty meme".  The entire bunch needs to go to hell and not come back.  Unless you've bent over for the right people there's not a chance you'll be elected in the U.S.  After all, the enemy is counting the votes. And I currently have a Senator who wants all the NSA spying to continue.  She doesn't/won't get it that (1) it's unconstitutional, and (2) they're not doing to fight terror, but to usher in the Fascist one-world government they have planned for us.  I won't be voting for her either.

And another reason no one mentions for the lack of jobs is all the rampant consolidation over the last two decades.  No antitrust laws, no problem, which means many fewer good-paying jobs.  And the off-shoring continues unabated, in fact they want moar (TPP).  Makes me want to puke.

Sorry for the rant, but my family and I have been seriously impacted by all this and as I said, I'm totally pissed off!

Tue, 01/14/2014 - 14:17 | Link to Comment kjlowther
kjlowther's picture

"Kool aid drinker", no. I think the American voter has been betrayed by their representatives, including the current POTUS. My point is that its the cummulative damage from self-interested parties over the past decade or two (or three or four - take your pick) that has led the US to the mess its in today (deficit spending, subsidies to corporates, pork barrel politics, union appeasement, the Federal Reserve - take your pick or add to the list). I've owned and run businesses in Australasia, Europe and the US. The US is the most expensive and difficult environment that I've operated in. The unemployment issue is structural, its something that monetary policy can't fix. Its expensive to hire people, its expensive to run a business, and taxes are the highest I've experienced (and I was in the UK before this). This is not a competitive economy by any stretch of the imagination - its overregulated and rigged for the big players who can afford the armies of lawyers and specialists to get around the rules. So you're right to be pissed. My point was you can't just blame Obama (personally I can't stand him), and as much as most of this board hates him, the rest of the political establishment have a lot of questions to answer (about their lack of honesty and accountability).

Mon, 01/13/2014 - 20:47 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

In the spirit of the upcoming Olympic Games - "We broke a record, we broke a record!!!! USA! USA! USA! USA!.....

Mon, 01/13/2014 - 21:50 | Link to Comment Emergency Ward
Emergency Ward's picture

A sign of the times -- Uniformed Government Employees caught on tape get away with murder

-- http://discussions.latimes.com/20/lanews/la-me-ln-live-verdict-in-kelly-...

Mon, 01/13/2014 - 22:47 | Link to Comment RafterManFMJ
RafterManFMJ's picture

I just had a brain storm - Imma ask Siri to find me a job! EZ street here I come.

Mon, 01/13/2014 - 22:58 | Link to Comment Westcoastliberal
Westcoastliberal's picture

These are some of the strongest words I've seen yet here on ZH and that's saying something.  So this is the "new normal" or WORSE! As Scooby Doo would say "Duh-o"

Tue, 01/14/2014 - 11:39 | Link to Comment Atomizer
Atomizer's picture

Not really. Computers sales are down, tablets are low profit margins, and smartphones are the best in collecting data. With Google glasses, you can recreate a new market for anti-theft/hacking software. Imagine me standing in front of you. You cannot read or steal my glass information, because I have the latest firmware installed.

 

Once again, no new ideas in technology. Just people who pretend to recreate a new product and resell the solutions to problems that already exist.

 


Edit: Future MSM headline stories

  • Today, the city of Scottsdale AZ lost LTE connection. Many residents woke up surprised to not being able to log onto googles glasses. Public officials ask that everyone remain at home until the problem is resolved.
  • 1.7 million google glasses user’s in Chicago received a deadly virus today. Public officials ask that you turn off your glasses to avoid being exposed by other users.
  • Many merchants in NYC are experiencing service outages. Public officials ask that google glass users refrain from making any purchases. Outages are expected to be restored within the next several hours.

 

 

Mon, 01/13/2014 - 23:23 | Link to Comment the grateful un...
the grateful unemployed's picture

now who is the shiftless, unemployed n****r ?

Tue, 01/14/2014 - 00:34 | Link to Comment Rockatanski
Rockatanski's picture

I think its safe to say that barry is following the cloward-piven strategy. 

Google it if you havent heard. 

Tue, 01/14/2014 - 03:40 | Link to Comment Notarocketscientist
Notarocketscientist's picture

The line wrapped nearly around an entire city block on Friday as approximately 1,500 people waited in Queens for a chance to apply for a coveted union job as painters or blasters on bridges and steel structures.

 The first few people on line had been there since 1 p.m. on Tuesday when the temperature in New York City was in the single digits.

 

That's it?  Did you see how many people were at your local Walmart for Black Thursday?    Very obviously there is no unemployment problem in America - as that would demonstrate :)

Tue, 01/14/2014 - 04:44 | Link to Comment kurt
kurt's picture

What say we all get together and apply for a job. 

A multi-million man movement, should move the numbers and get some attention, rip the veil.

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