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The Good, And Bad News About US Jobs In One Chart
While we are tired of seeing various numbers and charts "explaining" the US employment situation as much as the next guy, here is just one final, and decidedly simple chart, summarizing precisely where the US job market stands.
- The good news: in April, 118.4 million Americans had a full-time job, the most since November 2008.
- The bad news: in April 9.8 million Americans were unemployed, 92 million people were out of the labor force, and 27.3 million people had part-time jobs. A total of 129.1 million, the most since ever.
Shown in context:
And some further context: Facebook allegedly has 202 million users in the US and Canada.
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But the good news for the not-so-good-news group is that they now have more free time to pursue their hobbies, like painting, poetry, and scavenging for food in dumpsters.
Oh yeah? And what if that's NOT what they're doing?
What if they just decided to give the finger to the economy, govt. AND all you taxpayers by working off-the-books? And finding they make more money with less paperwork and aggravation? What might something like THAT do to the economy?
Don't be so snarky, YOU could be eating out of that dumpster one day.
Don't be such a dumbass.
So a true metric of U6 would be about 48%.
That's alot of EBT.
Where do day traders figure in?
cut to the chase. we're going trans human. http://www.eupedia.com/science/what_the_future_will_look_like.shtml
Looks like that 47% figure just got bigger. Obama third-term anyone?
so, if you're working off the books, tearing down EBT, Section 8, and Medicaid, then I guess you really can afford that Cadillac Escalade.
Who's the smartest guy in the room here?
"Who's the smartest guy in the room here?"
The duty of every libertarian is to take back the ill-gotten gains of the State. Problem is that these "people" enable the State.
1 in 4 homeowners regrets buying a house (Redfin Survey)
“Instead of gaining equity, [our home] actually lost equity and I ended up literally paying someone to buy it just so I could get out from under it and save my credit score,” says Berry, who now rents her home. “I’m looking at retirement in 20 years and thinking about having to take out a 30-year mortgage now and worry about [the upkeep] drives me crazy.”
Berry isn't the only one suffering from homebuyer's remorse. One out of four homeowners admit they wouldn’t buy their home again if they had the chance, according to a recent survey by real estate brokerage Redfin.
http://finance.yahoo.com/news/homeowners-regrets-buying-a-house-redfin-1...
Or you can argue that one can get those "ill-gotten gains" to quicken the starving of the beast. Make it so it's more and more impossible to keep up - and quicken the inevitable destruction.
The figure for April 2014 is listed as 12.3% but multiplying by pi probably gives a more real result.
Actually Bemused you've just described what i've been doing since 2002. I have $1200 in cash and $700 in checks sitting here on my desk right now and instead of going to the bank I think im going to check out the latest porn, eat breakfast and go back to bed.
Fuck the US gov't.
And I really like the people that think they are patriots paying taxes. LOL. Actually I have no problem with taxes it's what the fucking criminals in DC do with them that is the problem.
I will say however 'most' people in the drop out category aren't doing what i'm doing and probably are in the dead zone. My dropping out was more self-inflicted I seen better opportunities before the crash to get the fk out as much as possible as sucking cock and kissing ass for a living just isn't for me. As if any of those fuckers are appreciative. Very few. Funny to listen to some old dude about how he was the shit at his company now retired, barely affording his pills and living in a fucking shack. Yes, you were very important I see that.
Save me the speech on tracing checks......I do pay 'some' taxes. There's no doubt why the fucking clowns at the top want to get rid of cash. I've pretty much came to the conclusion that almost anything they want is bad for the rest of us. These motherfuckers need their asses fried in a sea of fucking fire.
The way I look at this system is totally corrupt and one-sided from the top down all the while listening to a bunch of god-wannabe fuckheads trying to instill 'values' while they're fucking the entire world over. All I can say is monkey see monkey do. In this economy it is do or die.
I totally get it...I too, have lost all respect and confidence in our system. I've never been one to want to amass vast wealth. I wouldn't turn it down, but all I ever felt 'entitled' to is to have my own little corner, roof over my head, food on the table, and a few creature comforts. In return, I've always worked, willingly.
Apparently, I dream too big.
When I lost my job in 2010, I noticed an attitude that I had never seen before. It's like everybody suddenly became a hard-ass sociopath. I had been out of work before, but never saw this kind of reaction from the general public to the unemployed. Well, I got sick of being a leper, and decided to remove myself from as much as possible. I will NEVER be a wage-slave again. I will NEVER pay 'payroll taxes', and will only pay sales taxes on the few things I still buy retail. No credit cards, and bank only what is needed for current expenses. Took a nice bankruptcy "flea bath", and washed a pile of vermin down the drain. Minimal participation in this economic charade.
The talk of the 'patriotic paying of taxes' has no emotional effect anymore. When you have been marginalized, cast-off and disregarded, you don't have a stake in the system. So why support it? Why feel guilty about taking what you need from that system? I paid into it for many decades, but when I needed it I was made to feel like a "taker?" Fine, I'll just help myself to some of what I paid, and be on my way. But don't anyone come waving the flag at me, because that scrap of cloth doesn't mean what it used to. What little I HAVE I'm keeping.
Care to share with me what has $1900 sitting on your desk?
I don't wish to know if it isn't legal (and I hope that it is, but have no moral opinion whatsoever if it isn't).
Sorry for being nosey, but I am always curious as to what someone more clever than myself might enlighten me with. And, no, I am not being sarcastic in my inquiry.
Anticipating a "go pound salt up your arse" relpy,
JennieWadeguy
Binge watching Breaking Bad. Entertainment, but also partly educational for those who want in the meth game.
SUMMARY OF 90%+ OF ZH Articles (time saver tip):
- All govt 'stats' are a lie. The economy is getting worse, and will continue to do so. Politicians lie . . . its their nature & they can't help themselves, even if they wanted to do so.
- The bankster fiat debt instrument based 'economy' is doomed to fail (for the majority of people). Debt grows to the point where the real economy is destroyed by it. It is a system designed to take all from the many and give to the parasite few.
- Crazy psycho neo-cons run 'U.S.' foreign policy and they seem to want to rule the world. (Some of them come up with all sorts of geo-political 'reasoning' for this - at bottom, its the lust for power.) Who knows what the result of that might be ?
- The psychos in charge will try to do Anything to maintain their racket . . . . Anything. . . . and beyond what most people would imagine.
- More people are aware of the psycho oligarchs game plan than at any time in human history. Whether that will make a difference is to be seen. The vast majority of fat, dumb, & happy Americans are completely unaware of the Big Picture. But the course of world events may not be decided by Americans. Other major players on coming on the scene.
- The world doesn't have to run this way. It does so because most cannot imagine it doing so in any other way. They plead for their rights and ask for some solution on the debt - - while not looking more deeply into whether they have to permission at all.
i've been on zh for 5.5 years now. and this is one of the best short summaris i've ever seen.
you could have added.
-----all prices are being rigged, especially gold, so buy gold.
@teslaberry - thank you, I appreciate it.
I enjoy reading ZH articles and the commentary from others. The point I was trying to make is that the ZH articles reflect what's going on in the world and, IMO, these are the themes that keep coming up. - - - For example, we can pretty much bet that there will be more government statistics put out in the future and that they will also be based on lies. We can pretty much bet that the 'supreme' court will make more rulings which give justification for restricting Americans liberty. We can pretty much bet that secret negotiations will be conducted that undermine American sovereignty. All part of their plan.
I agree about gold price fixing. They are completely obvious about it now.
P.S. - please pardon the typos & grammar errors in the post above. I tried to correct them but was blocked. Maybe the software does that after people have voted ? I'm not sure on that. But I think readers will be able to figure the meaning intended.
"Maybe the software does that after people have voted ?"
From what I've seen, you can't edit after someone has replied to your post. I think everybody is used to typos and grammar slipups and don't care if the meaning is clear, so it's all good.
HardAssets
I wasn't sure if your first comment was sarcasm or not. Nevertheless ZH consistently offers the other side of the pablum dished out everyday by most of the tightly controlled press.
" Yer either wit' us or yer agin' us" doesn't make for long term foreign policy. And fast food jobs hardly will create the income based consumer demand touted by our "well-meaning" overlords.
K
@Kayman - thanks for your comments. I could have worded my first comment much better. I meant to say that the same theme comes up in various articles because TPTB keep doing the same things in pursuit of their agenda.
IMO ZH is among the best sources for info out there because they offer a view not found in mainstream or other media. The commentary is great. When an article is posted with lots of holes in it, people jump on it a.s.a.p. and give their reasoning. Regards, -
Gold is being shorted like a midget in a room with fun house mirrors. And being suprpressed worse than slaves during Turners revolt.
Stack up on the gold, silver, maybe even the BTC is you can. Diversify, realistically. Stay away from the stock market. Invest in what you know. It's suicide to simply bank your cash in the bank or give it a hedge fund manage and expect it to work for you anymore because those knuckleheads are just following the herd rather than doing their work (what you paid them for) and are looking for the quick flip.
The funny thing is sound investment will continue to make money. It's the lemmings that following Jim Cramer (gags) that's got the markets twisted. I actually can't stomach to watch that guy anymore, it's insane. Oh yea, the FED too.
the days of our grand parents saving and living are gone. Now, you spend it soon as you get it because you can always borrow more.
No,they are on the free shit train
And the REAL question is......how many of those jobs in the full time category pay a living wage....and/or allow the employee NOT to have to go on some subsidized state or federal program in order to get by for themselves or the family ?
I think that whittles down that number substantially.
We are now in the no longer have anyone in the household as employed because we reitred on May 1. We both have worked for over 50 yrs.
Facefuck
Twitt
Obamaphone
All free for the gimmedats
Off topic:
Good Idea, huh, Michelle.
LAGOS, Nigeria (AP) — A leader of a protest march for 276 missing schoolgirls says Nigeria's First Lady abused them, expressed doubts there was any kidnapping and accused them of belonging to the terrorist network blamed for the abductions. Then she ordered two of them arrested.
Saratu Angus Ndirpaya of Chibok town said State Security Service agents drove her and protest leader Naomi Mutah Nyadar to a police station Monday after an all-night meeting at the presidential villa in Abuja, the capital. She said Nyadar remains in detention. Police could not be reached for comment.
Ndirpaya says First Lady Patience Jonathan accused them of fabricating the abductions to give Nigeria's government and her husband "a bad name."
So if the numbers are bigger that only means BEAT EXPECTATIONS!!
So... the 118 million are supporting the 129 million... how long does that work?
It may be even worse than that. Out of the 118 million working, how many of those are government jobs?
There will be an Event Horizon that us plebes won't see coming due to the shadiness of our vision. The tipping point has surely been passed.
............dig in faster.
I had this thought over the weekend; that the traits that make someone a good free market capitalist, ability to produce something of value to society, are the same traits that would make someone a good communist. Unfortunately, the percentage of people possessing these traits are less than 100% so that neither free market capitalism nor communism can be successful.
The diffence being that the Capitalist is FREE to choose whatever value they want to produce for whomever on their own terms while the communist is not and instead dictated what to do by a bogus authority.
You seem to have missed the fundamental element of each.
Capitalism versus Communism is fundamentally a moral issue, not economic.
But the good news is that we have become Italy. Hop on your Vespa.
"2-4 generations living together in a single residence"
In that case, I gotta get back to work. That's a deal-breaker for me. I'm not into hearing Grandma and Grandpa gettin' frisky through the bedroom wall. Pretty sure they don't want to hear me, either. Extreme .gov corruption I can deal with, but not that.
"That's a deal-breaker for me. I'm not into hearing Grandma and Grandpa gettin' frisky through the bedroom wall." -----NoDebt
Being as how age takes it's toll, you'll more likely be disturbed hearing their dentures rattling around in the glass. Small comfort, I know.
Over 4 million...at the federal level.
https://www.opm.gov/policy-data-oversight/data-analysis-documentation/federal-employment-reports/historical-tables/total-government-employment-since-1962/
Plus how many are feeding at the MIC tax dollar swine buffet.
and that is the right answer! is 25% a good estimate>... recovery is just a feel good for those in government jobs getting a pay cheque, hoping the sticky tape holds it all together until they retire/die
About 17 million are full-time government employees (I believe this includes most military personnel, but I'm not sure exactly which).
However, you must also consider all rentier/gov. contract/largesse/make-work jobs, as well as those in which public grants and federal funding play a major role, such as NGO and research institute jobs. Then there's also all compliance professionals, whose jobs exist solely because of government regulations necessitating them (many lawyers, all tax accountants, many paralegals, many CPAs, and many, MANY others).
I'd be shocked if the number of full-time employees not employed, effectively, by, or thanks to, continued local, state, and/or federal funding is more than 80 million.
So, it seems the MSM has finally found that there is a participation rate. Why? Because the dropping unemployment rate is puttting the stake through the heart of the banks' precious QE. Wait for the Fed to subtetly (or maybe not so subtetly) start turning it's attention to the participation rate because they have "so much more to do".
Shhhhhh.... don't disturb the president. He is focused like a laser .......on his putting.
At least Obama's caddy is employed full time.....
So of that 118 million how many are government jobs? Sounds like less than 100 million Americans are paying and supporting 150 million. How's your math America? How will this end well?
One does marvel at the strength of our economy to endure such a determined regulatory and confiscatory onslaught from the statists in D.C., destructive Fed policies and the years of general monkeyhammering from all quarters, and still continue to produce any signs of life. As this chart shows, it can't last, though.
Sorry just to clarify the situation. 118 million working + 129 million not working.
The rest of the population, ~70 million are.. under 18 and over retirment age or what? What is the "92 million people not in labor force" including?
Total us population as of 2012 = 313.9 million
118.4
+129.1
_________
= 247.5 million of working age. 313.9- 247.5= 66.4 million retired or unemployable. The useless eaters 92 million outnumber the unemployable by 1.5 times... That's some scary shit right there!
Question, where are the kids in yo maf.
If they're of working age then they're included in the 247.5 million figure...If not then in the 66.4 million category.
That's the good and the bad, but the ugly is that Yellin and Obama are the ones who have the job responsibility to correct this disastrous trend.
A hiccup in the Matrix will eventually send the useless eaters into revolt.
"The useless eaters 92 million" To be rounded up and sent to camp to be re-constituted. Pay attention please.
H......................how
O......................our
P......................prosperity
E.......................ended
Do they count the working from jail as employed? I suspect the number of true producers is much smaller.
It is better be on the Right than the Left!! What right?? right side of the Chart( 129.1M+)!!
Benefits:
a) More Government Handouts I can HOPE for!!
b) Less Stress!!
c) Unlimited Vacation!!
d) Less Tax!!
e) Privacy from IRS and NSA!!
f) More time with Kids!!
Not So Benefit.
a) Mortgage
b) Car Loan / Credit Card.
c) Wife( Really!!)
Unemployed = "unemployed" + not in labor force
"Not in labor force" is speaking by the terms of tyranny and should not be given credence.
Let us never speak of it again.
What if we include the (theoretical) 10k people a day who are retiring?
10k * 30 = 300,000 dropping out of the work force every month. I wonder how that is going to impact the economy. It may not be 10k/day now, but it will be that, and more in the coming years.
http://www.pewresearch.org/daily-number/baby-boomers-retire/
More people entering than retiring.
Entering the working-age cohort? Probably. Entering the full-time workforce? No.
Who can afford to retire? I expect to work until I drop dead, probably in my mid-eighties, halfway through saying 'welcome to Wal-mart' to a fifty year-old woman with one tooth wearing spandex and a tube top. All in an ultimately failed attempt to keep paying my tax bill on a house I have realized will never actually completely belong to me.
How's that for the new American Dream?
All time highs on every chart !!!
Through no fault of their own.
/sarc/
Still does not include those underemployed, working minimum wage jobs now after being laid off from high-paying jobs for twenty years, or just the decline in real wages even for those supposedly employed.
That would be about the equivalent of peeling about another 10+ million off the "employed" list, we are underproducing and underearning to that much greater extent.
Lies, damn lies, and fuckin outright bullshit.
That's all.
are these charts representing working-age americans?
That sucking sound Ross talked about. It keeps getting louder.
Let's see; 118 million working, but of those 30 million work directly for the government. So 25% of the people get paid better salaries with better benefits and the other 75% get to support the over 50 million using EBT cards and the 30 million that make more than they do.
May the odds be ever in their favor.