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America's 'Real' Labor Market Exposed In 1 Simple Chart
Unemployment rate plunging? Job creation surging? Sure doesn't feel like that across America... this is why...
Structural Unemployment!!
So now you know why The Fed is ignoring all the headline data... they see the rot below the Shangri-La surface that panglossian prats on CNBC spew every day.
h/t @Not_Jim_Cramer
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Is the chart U-6?
Learned a new word today "panglossian"
Had to look that one up
: marked by the view that all is for the best in this best of possible worlds : excessively optimistic
It was the syhpalist word that they coud think off. But we nose about that.
Better yet, read Voltaire's "Candide". It is the cynic's primer.
It doesn't matter much if it is U-3 or U-6. You'd think that U6 would be at least a bit further off from a .99 or .98 correlation from U3 because it is supposed to capture more variables, but it's not. I can go back and derive a relationship between U3 and U6 , then at any given time, you give me U3 and I can use that to tell you what U6 is with astonishing accuracy. U6 is just as fabricated as U3. You are being lied to with those statistics, Mr. Glow. This is true even if they are accuratly measuring what they claim to be measuring. The definitions of the statistics are bunk, and it is those definitions that are the bedrock of the lies.
Employer: Okay, you're hired.
Employee: What's the job pay?
Employer: I'll pay you what you're worth.
Employee: Sorry, but I can't work that cheap.
Guy walked into the local welfare office to pick up his check. He marched straight up to the counter and said,
'Hi. You know, I just HATE drawing welfare. I'd really rather have a job.'
The social worker behind the counter said, 'Your timing is excellent. We just got a job opening from a very wealthy old man who wants a chauffeur and bodyguard for his beautiful daughter. You'll have to drive around in his Mercedes, and he'll supply all of your clothes. Because of the long hours, meals will be provided. You'll be expected to escort the daughter on her overseas holiday trips and you will have to satisfy her sexual urges. You'll be provided a two-bedroom apartment above the garage. The salary is $200,000 a year.'
The guy, wide-eyed, said, 'You're bullshittin' me!'
The social worker said, 'Yeah, well . . you started it.'
That's "drop dead gorgeous daughter", right? LMAO Bollixed!
Funny how "what you're worth" is correlated with how desperate the next guy is and has zero correlation with "how much you produce".
When technology allows one man to produce as much as ten, how does the better man add value?
Go ahead, work twice as hard as me. But if I get paid fifty cents per hour then you are "worth" one dollar per hour. Winning? Don't explain it to me, tell a Chinaman.
Minimum wage = $400 per week.
Minimum mortgage = $400 per week.
Minimum rent = $300 per week.
Hmmmmm, food or housing, food or housing ... which shall it be?
What about clothing?
I'm surprised anyone works for minimum wage when it cannot keep them alive. How do they survive? Ponzi finance?
If the idea of a business is to make a profit then the idea of a job is to survive. Why don't the numbers add up?
When your competitor is willing to work for Ponzi Finance, either you go broke or you work for Ponzi-er Finance. Hard work only works to a certain extent. After that you need to get very friendly with your local bankster.
If your mortgage costs $400/week you are buying a $280k home. Not exactly a hovel.
In my city, the cheapest house in the cheapest suburb has been $250k for the last eight years. That's right. $250k for a shitty house in a shitty suburb far from anywhere and it WILL need repairs ... or demolishing.
Or perhaps I need to get friendly with a few realtors. Maybe they can show me some bargains-that-never-get-advertised.
Move in with your parents, if they haven't already moved in with theirs.
Not Jim Cramer sure would be a refreshing CNBS alternative to the one imposed on viewers all day long.
Krauthammer: jihad now in dangerous 'third stage' -- are we paying attention or watching cat videos?
http://tinyurl.com/ptucuv9
Dood! Thanx for that link which has another link to Tara Reid bowling in a skimpy bra!
Outstanding! Now, do you think she has had a silicone job?
Statistically, you are still more likely to be murdered by your own government, than "terrorists."
Fuck Krauthammer, and the ballistic missile he rode in on.
Hourly earning are currently $24.57 which works out to just over $51,000 a year (without the cost of benefits for such jobs). A lot of back-slapping is going on, touting the 250,000+ jobs and the over three million jobs created this year. At the mentioned hourly rate, this would be over $153 Billion a year in payrolls!
The average hourly rate includes the monthly paychecks of CEOs, Bankers, star athletes, and movie stars! The decline is from squeezing the wages of 90% of working Americans, many taking jobs to barely survive.
It is difficult to understand what the Fed and Charlie Evans think they can do about this and raise private sector wages that are mostly half of the average hourly wage for full time jobs. Fed policies distort the markets and prevent real political solutions where ultimately the answers to job creation and income inequality lie. The Feds and Washington need to pay attention to the lives of all people in the real world instead of their "models", "data" and jargon. And, of course, their master on Wall Street - who own them, and their revolving door job and wealth creation opportunities for themselves and their cronies!
Their hourly wage rate is NOT $25 an hour, Thank you very much!
The intent is to let them starve.
That is why you use the median hourly wage which is around $17 which equates to about $35,000 per year if you are lucky enough to be employed full time.
The custodian and bus driver jobs pay 15.42 in my school district to start full time and they are always hiring.
I have to say the only people making Big purchases (like house remodeling, new cars, etc) in my area are mostly Gubmint employees. I read somewhere (I think USA Today) that said Gubimnt employee salaries are about $132k a year so that makes sense.
" real political solutions "
You believe in unicorns too?
Only if you see no difference between "real" and unicorn!
I know the difference between a "real political solution" and a unicorn.
One doesn't exist except in fantasy land
The other is sort of like a horse with a horn projecting from its forehead
Looks like someone is lying to some folks...
Lie like you mean it Biatchez!
Article V state legislature run Constitutional Convention. Amend the Federal gov out of existence, amend the Fed out of existence. Create a new central government that acts like the agent that the sovereign states created in 1791. Ain't gonna happen unless people get off their dead asses, contact their state legislator and demand an Article V. And, the people are going to have to closely oversee their legislatures to make sure that they don't get hijacked by banker criminals.
So... you want the legislators to allow themselves to be legislated out of a job that gives them power and perks, plus guaranteed lifetime benefits? Tell me again why it ain't gonna happen.
This would be the equivalent of asking permission to start a rebellion. Your forebears didn't say 'can we haz revolution preez', they just did it.
+1 for panglossian
The Labor Department’s ability to fudge numbers must have candy factories all over the U.S. drooling. Today’s upbeat jobs report is just another month of shuffling statistics around to get positive headline numbers. But when you actually dig down into the numbers, the fudge doesn’t taste as sweet.
http://www.globaldeflationnews.com/not-since-1977-has-the-labor-force-pa...
That's because it was literally extruded out the Hershey Highway.
The late 70's was when women started going to work in force...families found they needed extra income to support their lifestyles because inflation had been chiseling away at the family breadwinners income.
That preceded the credit explosion and the home equity orgy, both of which served to increase 'income' further to keep up.
Well, home equity loans are dead in the water, and even people who qualify for credit aren't interested, as they are tapped-out.
Now it looks like families are saying "Fuck this" and deciding to keep a parent at home to care for the kids, instead of sending both out to play an unwinnable game.
Good. I hope it continues. Drive this bloated economy back down to proper size...go back to the days of living within your means, on ONE income (or the equivalent)and making do, or doing without.
It was all a lie anyway. It was never intended that YOU would benefit from all that extra hard work...it was just to keep you THINKING you were keeping up so TPTB could skim you a little while longer, so that you could be taxed at higher levels. The extra money was never meant for YOU.
Now the game is over, and the money has dried up. So what? YOU lose nothing, since you weren't GETTING it to begin with. Let THEM cut back, tighten their belts, or better, hang themselves with them.
But too many idiots will still play along...demanding a bigger minimum wage which will net them NOTHING after taxes and increased fees suck it up. And should they suddenly realize this and complain, they'll be scorned, and told, "You GOT an increase, what more do you want?" And no one else will feel bad for them, and they'll all be exactly where they WERE with no hope of change now that they've all gotten "raises".
You CAN'T keep up, but their game is in getting you to keep trying.
I lived that chit and an historic point is that operation was preceded by 10 or more years of
running the womans lib psyops on the tv, everywhere on tv inundation, conditioning the slaves
into tax slave equality. And weaponized womans lib mind control too was utilized.
Everything the occult is running on tv, one has to connect that dots and ask what is the psyop
and how can I do the opposite of what the occult is programming.
You know the participation rate is generated by the BLS right? That's the government.
We have lied to some folks, Free Army shit has expended Bitchez (redline)
This also proves that Obama's free Community College for all will not help. The problem is not insufficient numbers of educated job seekers, or a skills mismatch, it is structural unemployment because of the damage to the economy from the policy response to the 2008 financial crash.
http://www.cepr.net/documents/publications/structural-unemployment-2012-...
So maybe Food Stamp Participation as % population is better measure of Unemployment Rate.
15% fits well with alternative measures that count discouraged workers.
Don´t you see?!? Foodstamps are distributed because the economy is doing great - Free Foodstamps for everyone !
And of course because the green shoots evolved into a thicket of prosperity we need to work less. So obvious...
So SNAP appears to be a leading indicator, but released 2 months behind everything else? Very interesting. It shows a roughly + 200k increase from Sept '14 to October '14. This is right about the time the continuing claims and not seasonally adjusted weekly claims began to rise again ( and have been rising since). I think unemployment has possibly bottomed, and is now beginning the upward trend we see leading to the next financial fuck all.
I always talk from a perspective of a decent income, and no one seems to understand me.
I am older and left pieces of my body in factories to get this far.
Really the people I work with are pretty bad so its not hard for me to be a star but I keep a low profile too,
more of a soldier and not a boss seems to suit me. They have no idea what I know but its the analogy if
you saved someones life proactively where they were unaware of it, they wouldnt give you the time of day.
If you fix something after the crisis, you can be a hero. Its a perception and expectations manipulation game
we have to play when surrounded by fools. We have to wait for them to ask for help and cant get recognized for
doing good otherwise. Most of them are fools, its amazing business and industry can accomplish
anything.
I think it is big time screwed, I dont know the true numbers of any of it, the bagdad bob economics is part of the
war on reality. There is a series of 4 Lindsey Williams videos with AJ recently on utube, suggesting that most operating tax
revenues come from oil. They are talking about major government bankruptcies very soon as it takes some time for
states and localities to do the accounting it may not be known until quarters are wrapped up end of March.
The oil takedown is the new world order takedown plan and it has to occur before election because they cant start the
agenda new all over again with a new administration.
So if chit is hitting the fan end of March is their next premise for the next qe but a qe already began by announcing the
purchase of T-bills, a week or two ago.
I am going to get my house now because credit may not be available much longer and it is a shelter for slaves to
maximize the irs collections form 433a national spending allowances, wrap your head around that. A rare shelter in
there is to put a large amount into convertible term ( in a private mutual company ) where the aggregate of payments
can be recouped by converting to permanent in the future, this is important because the confiscation form does not allow
a permanent whole life insurance, just term.
This is a distinction to clarify because COG was suggesting the IBC which I do and believe in but there is something
else to know about obamacare confiscatin form 433a.
This comes into play when slaves get a $10k obamacare tax penalty bill or any run ins with irs like a job loss,
divorce, bankruptcy etc.