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In The Past 7 Years America Added 17 Million People, And Zero Full-Time Jobs
Submitted by Chris Hamilton via Hambone's Stuff blog
Amazing Math from the Bureau of Labor Statistics
According to the most recent Bureau of Labor Statistics release, the UE (unemployment) rate fell to 5.5% as of February. The last time the UE rate was this low was May of 2008.
What I’m fascinated by is the fact that the US population grew from February 2008 to February 2015 by 16.8 million persons, or a 5.5% increase in total population, and on a net basis, not a single one of those 16.8 million persons got a FT (full time) job… while a net 2.7 million were lucky enough to get a (or multiple) PT (part time) job.
This means that 14.3 million persons, or 4.4% of the current US population, were added without a single job among them (chart below). This makes for fascinating math when a 4.4% increase of the total US population without jobs can nearly halve the UE rate down to 5.5%, equal to 2008’s UE rates?!?
The recent BLS data are considered "strong employment reports" and are taken as such booming harbingers of economic accomplishment that the Federal Reserve feels rates need to begin their long awaited hikes.
Just to avoid some confusion on this 16.8 million population growth…this does not mean there was a baby boom over this period…quite the opposite as a flat birth rate has been offset by an even faster declining death rate (the baby boom and older generations are living much longer than previous generations…thus the pig through the python population growth).
And just to make sure this isn’t cherry picking data…below is non-seasonally adjusted raw data from the Bureau of Labor Statistics back to ’08 showing rising PT jobs and declining FT jobs.
To add perspective we back it up to ’00…and note that over the entire period the US created 7.6 million net new FT jobs and (4 million net PT jobs). But not a single net FT job since prior to Feb ’08.
I’m pretty confident to say that the stagnant household income data is simply noting the loss of higher quality FT jobs with benefits being replaced with lower quality, lower hour, little to no benefits PT jobs.
I’m sure economists will try to explain away the above raw data as the demographic shifts of retiring baby boomers…but that old chestnut isn’t exactly supported by the data (below). Population growth and jobs growth since ‘07 is clearly in the 55+ year old segment (+17 million population, +7 million employees) while the 25-54 year old working core is shrinking (-1 million population and even faster declines in employment of -5 million).
The chart below highlights the substitution of debt creation for the breakdown of jobs creation (and note the unwillingness to tax ourselves now versus willingness to indebt our future generations).
And below you can see the impact of the falling 25-54 year old segment from '07 onward…resulting in declining mortgage debt, oil consumption, and general economic activity...and the substitution of debt in place of growth.
So you decide, strong jobs data, out and out propaganda, or something in between!?!
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it just occurred to me they may be lying to us
Audit the FED, Fort Knox, AND the BLS. Oh, and Yellens gender.
Audit and END the Fed, Fort Knox, and the BLS. FIFY
(Yellen doesn't have a gender. It's a gnome grafted down here from somewhere in the vicinity of Uranus.)
Unemployment dropped to 5.5%...
#WINNING
Been particlulary low and dropping fast in the deep inner cities what with the birth/death adjustments around bonfire and riot time.
17 million?
Does that mean it's easier to get laid?
Did Hambone finally count the 22 million illegals? If not, then his numbers are way too polly for me...
I'm honestly surprised anybody believes any of the economic data produced by the government. It has become so transparently false, just like the other lies from the regime.
And, those 22 million legals are now referred to as "Americans-in-waiting" by the regime who will soon be showering them with tens of thousands of dollars in free money.
Forward (over the cliff)!
before audit any pointless shit that will display you false documents, you'd better shoot monkey the 1st and make a revolution before your guns get confiscated.
Good grief. No NET full time jobs.
Thousands of full time jobs were lost - mostly productive sector.
Thousands of full time jobs were added - government and fellow travelers.
So THAT'S why obama made the immigration executive order, to dilute the number of unemployed.
These #'s include all persons permenently living in the US...legally or illegally
The #s explain why half of all immigrants to the United States over the last fifteen years are on welfare.
Depends on the answer to the age old question... What came first? The chicken or the egg?
You parents did do the birds and bees thing with you?
Sexual reproduction involves a spermazoa and an egg.
Evolved way before chickens, even before the Fed.
Your welcome.
I stayed at a Holiday Inn last night and hit the Easy Button and am Zero Hedge reader.
Be careful there. Remember that most of those new 17 million are under the age of seven. Of course they don't have jobs, have you ever tried to get a six year old to do chores?
From the article above...
Just to avoid some confusion on this 16.8 million population growth…this does not mean there was a baby boom over this period…quite the opposite as a flat birth rate has been offset by an even faster declining death rate (the baby boom and older generations are living much longer than previous generations…thus the pig through the python population growth).
In other words, there are no more babies now than a decade ago...there are far more 55+ year olds as that is the segment of the population that is growing.
I am glad to see the birth rate flat. In fact I know that the rate of marriage is going down year after year.
That is good news for men's rights. The fastest way to destroy your life, is to get married, then the .gov sees you as an ATM...ripe for a divorce and financial ruination.
Stay single young man. Stay FREE!
here is another big problem;
our population growth rate which used to be around 3% is now under 1%--care to guess why economic growth is slow?
add to it that the growth in population is at lower end -socially, economically and education wise.
now the kids out of school who stil live at home--how is their family formation going?
we have too many problems to fix
the difference between whites and monkeys... when short on money, white do not fuck like animals to keep busy so do not suddenly have a tribe to raise in the home.
racist ? maybe, then what, that's reality, fuck you, blue pillers.
Doesn't the EBT check get bigger for every incremental mouth?!? It's almost as much moral hazard as giving a cop indefinite paid time off after killing a citizen.
Ur is your (stop texting me ur)
"Fort Knox,"
LOL, what gold.
Doesn't matter because the US dollar is backed by the full faith of the military and nuclear arsenal.
The US will just print and monetize debt until the rest of the world demands better.
In bartertown, faith is filth, yogibear.
Well it could be wose we could be running out of slaves like Denmark and Japan.
Oh, we'll just import some more...
You will need a pigeon sexer to audit that.
Y'all leave Mr Janet Yellen's balls outta this.
It's all true. It's just "SEASONALLY ADJUSTED truth".
If they're just gonna make shit up-we the people oughta fire them
"Some of them like to lie. Some of them like to be lied to." -- Annie Lennox, paraphrased.
Has someone looked at Hillary's mail server for the missing jobs?
Illegals
The point isn't so much that BLS fakes its numbers. The point is the futility of believing ANY self-reporting - by government or anyone else, but especially by government. Because they also have power of decree enforcement, their 'statistics' should be treated as propaganda and assumed to be lies as a matter of course. ALL governments are 'China', especially those hosting a rothschild 'central bank'.
The way people hang on these government reports and their waste-of-time speeches, it's like they're listening to some kind of religious leader. No wonder these moron bureaucrats and criminal bankers think they're 'god'. I swear national governments have become monster churches, preaching by propaganda, enforcing their shifting 'morality' by decree. Without even any nifty bells & smells or the inspiring deities.
Speaking to one of my buds the other day (He's catching on slowly, but getting there) and he was somewhat taken aback by the magnitude of Brian Williams' deceit. Asked me if I was, at all. Said what else does one expect from the MSM? Or a governmental agency. Hmmm?
Sad but true, apparently.
Now, how do I install that server here at home so that.....
Here's a NOVEL idea... Let's 'audit':
- The FED
- Israel's nuclear arsenal
- The bricks of gold that are stashed under 'Rothschild Blvd' in TEL AVIV
on the same day!
WAIT! ~ Mine is a SINGULAR VOICE... Let's therefore 'VOTE' on it...
Note: For all you fuddy duddys out there, this is only THIRST MUTILATOR [the circus CLOWN], attempting to introduce COMEDY into your lives...
Oh the web we weave, when we FIRST practice to deceive.
BLS is the Joel Osteen of propaganda?
Amen!
And send in your check before the next ad break is over. We'll send you your very own certificate of indulgence.
We should at least get some funny hats out of the deal...
Mylar or tinfoil?
Galvanized steel with mesh, for up scale taste in fashion.
Your choise.
Damn all those 14m babies who didn't get jobs!!
EBT babies, baby!!!
Obama is Jesus, he takes one job, and magically turns it into two . . . or more jobs.
If everyone just "shares" their job at a business that the "business owner didn't create" and signs up for "obama care that someone else will pay for" and gets an "obama phone" paid for by higher phone bills for everyone else, and if everyone uses the new "neutral internet" with high taxes and if everyone goes and takes out a "student loan" to go to school to study Marxism . . . the country should be fine . . . what could possibly go wrong?
Just get everyone on EBT, Food-Stamps, Snaps, Obama Phone, Welfare, Disability, Social Security, Assisted Housing, Low Income Energy Assistance , Temporary Assistance, Permanent Assistance, General Assistance to Indians, Medical General Assistance, Medicaid , "Healthy Start", Adoption Assistance, Abortion Assistance, Refugee Assistance, Homeless Assistance , and god - knows what else exists . . . and everything will be fine . . . just get everyone to sign up , why work?
Why beat around the bush, if we are just going to sell out the next generation completely , might as well just pack all the new borns into a crate and send them to china as future slave labor, half of America is aborted anyway . . . just ship all the unwanted babies to china, because thats who they will be working for regardless of where they live in the future anyway, America can be a net exporter of babies for Foxcon to use on production lines assembling terminators for the Chinese invasion.
Just like the Denmark commercial we should have a "Doit for America" campaign, be a sport will ya? send your unwanted child to this address for processing! and in return The U.S. Govt will send you 50k in the mail, its what your child would of been on the hook for anyway! so just doit! for America!
http://postimg.org/image/kamqzetov/
Hey Man!You forgot the BIGGEST WELFARE QUEEN OF ALL---CORPORATE WELFARE---magnitudes greater that the welfare you lament. Look DEEPER...
If you train an entire population to be dependent.
You really have bigger problems than one guy pillaging everyones retirement.
Change/Growth starts from the bottom up.
90,000,000 ~100,000,000 unemployed people on benefits is a bigger problem than 20 or so families with an unlimited credit line backed by govt and central banks, I just wish the people that own this country actually gave a shit about it.
Under Bush II the taxes corporations paid as a percentage of their earnings fell well below the long term trend...and under Obama is at a post WWII low...half of what it was under Reagan and Clinton...and this is trillions of dollars being retained by corporations.
The unfortunate thing about this is it has not created any net jobs among corporations since '00 in the US, nor has it translated to higher capex spending...however it has led to more stock buybacks and very nice pay structure for corporate leadership.
Check the link...
http://econimica.blogspot.com/2015/02/fundamentally-flawed-chapter-35-taxes.html
War fill fix that problem in a jiffy.
Unfortunately, you may be right. I want my grand children to learn all they can, work hard and be respectful of others. I hope everyone else has the same philosophy. Enough is enough.
My gradparents fought in WW2. I used to attend victory parades with them back when one could gather enough veterans together and have a walk, while listening to their stories. Now those holidays the veterans are gone. Dead or confined to their beds. The holidays are just as pointless as Christmas. BBQ and fireworks and different colored ribbons. All bullshit!
The meaning - completely gone. The sense of appreciation for what we have and the memories of horror - all wiped clean. "Never again" replaced by "where to next".
The current and the next generations, I think, need their own reminder of what real war is, so they could value what they have a little better. I don't want war, but I see it as something inevitable.
I can't help myself- in my experience - 'never again' has been replaced by 'never heard of it'. Nothing on you - just saying
The level of apathy in the West amazes me (particularly in Australia!). Speaking with "The Russian Relative" and these points were made:
1. America has NEVER had a really MAJOR war on American soil;
2. All past Major wars have been "elsewhere", so once the American population get fed up of the reporting, they simply "change channel". Out of sight, out of mind;
3. Lack of domestic exposure to the infrastructure devastation of warfare means no real understanding of such consequences;
4. Popularisation of the "Sense of Invincibility" via Hollywood, etc. Repetitive "programming" to embed the meme that "The US Always Wins";
5. Development of the "US is Always Right" mindset. Exaggeration of US achievements whilst denigrating / suppressing reportage of the achievements of others, especially others who might pose a "threat" to the US status quo;
Interesting stuff, and demonstrates the "difference in thinking". Make of this what you will . . . .
I hear what you're saying. But there places that still keenly remember "the war of northern aggression"
The Russian Relative is an idiot.
A war was fought several times on American soil, including the one that cemented our divorce from taxaholic, King George, and the little skirmish that lasted 4 years that the tyrant, despot, and war criminal, Abe Lincoln, decided to wage to stop the folks from doing precisely what the first war with the British was all about: divorce from the tyrant Abe Lincoln.
1.2 million men and their families were killed or mentally and physically ruined by Sherman, McClelland, and Grant, Lincoln's accomplices. Reconstruction of the Southern cities ravaged by the northern soliders, might make Atlanta a poster child for infrastructure devastation.
Vietnam was admittedly a monstrous failure that saw one POTUS leave office in disgrace.
That list is an unnecessary inaccurate one that puts the Russian Relative in the pantheon of Propagandists.
I agree. Most Americans can't even remember the promises from the last election, much less an accurate recall of history scores of years past and the sacrifices of prior generations.
Whooaaaa on the BBQ.
There is still an honored and sacrosanct case to be made for slow cooked brisket of prime beef, Carolina BBQ, and wild Boar Roast, with all the trimmings like hush puppies, sweet potato fries, and potato salad.
Let's not get so cynical that even the weekend meat roast must be scuttled.
Even in war, maybe more so, BBQ will never die.
Your grandmothers fought in WWII?
Impressive.
Confucious say: in a sinking boat you do NOT ADD BALLAST.
'If you want pretty nurse, you got to be patient.'
U apparently haven't seen the latest TDB headlines (to kick off hilary's run for the rose garden, and a seat in the cum sticky chair in the Oral Office, vacated by her partner in crime) that we have had more jobs created this month since 7 years ago.
No one told me there would be math on the quiz. I'm still stuck in VooDoo Economics. Thousand points of light - stay the course. God I miss the good ol days
Now I need a drink!
You're way behind!
dont' forget that best of all..........TRICKEL DOWN
There you go using math again......
believe it or not....the only place where 2+2=4 is in math. It does not exist anywhere else.
Unlucky contracting alien here.
Brought to you by the same morons that have implemented common core. It's not about real information, but rather quantity of crap that can be pitched that matters.
We have a nation that routinely elevates morons to positions of political power. Opportunities for malignant narcissists abound.
I can feel the trickle-down. It's like a warm golden shower.
Our population is exploding and people don't seem to care. Oh its ok its LEGAL immigration. Well the population of the US in the 60s was about 230 million today its 320 million many from immigration. that almost 100 million people. Look at Canada, UK, Australia all just added a few million. Canada had about 20 million in the 60s now its 35. Sure who wants to live in Canada right? But many do they just have a more sensible immigration policy as do just about every other country. I say shut the door to legal immigrants or we are looking at becoming the next India or China with hundreds of millions of poor people.
Don't know why?
It's because the system is packing up the stocks of unemployed-ready-for-war folks, before the next WW turn, the IIIrd chapter, this way the US will have loads to spare in the nuclear exchange...
Consider this:
If they were untrainable for ringing up the right price on a picture cash register, you are going to train them on weapons that go bang and a work week way more than 29.5 hours
Can't be in combat with Istuff.
They won't feel that they can put up with it.
I think we're already there.
Every time I have tried to square this circle, the cheerleader I'm trying to convince has told me that the boomers are definitely retiring and I'm reading the statistics wrong.
When all of it becomes painfully obvious I wonder if they'll own up to it, or will they plead ignorance (which for some reason is an excuse now)?
Is the population growth number based on legal or legal + illegals ? Pertinent question because then the illeagl immgration "debate" becomes even more mute.
Good point- maybe 'moot' (Sic?)
Mute might be a good point , once Military conscription begins with the readily available new 'Immigrant' list.
It will be the least they can do for the new country of their choice.
These #'s include all people in the US, legal and "residual foreign born" (or aka illegal.)
Chinese Birth Tourism- http://www.voanews.com/content/reu-federal-agents-raid-20-suspected-mate...
They'll be back soon - http://online.wsj.com/public/resources/documents/print/WSJ_-C001-2015030...
Manadarin anyone?
In Wash St where I live, go in to any big box store, especially Walmart or Costco and what you see is this: 80% Mexican...each couple has 3-5 kids with a baby in the shopping cart. They are getting PAID to crank out their 3rd world spawn. We are so screwed. We have to either A) retroactively roll back the anchor baby 14th amd (false interpretation of it) or B) their will be civil war C) or we will become Mexico...Pick one.
https://www.youtube.com/watch?v=NzspsovNvII
I eagerly await the celebration of cinco de mayo!
How much of the population growth is immigrants?
How much due to new births of existing legal US citizens rather than immigrants?
The first part of this article is dependent on the these answers, seems like fun with numbers. If all due to true population growth NOT immigrants, then do we really expect 5 year olds to get full time jobs?
I just watch the first few minutes of the bill mahar show. Before I got nausious and puked and switched channels. he was chearleading these employment numbers.
The sarcasm in this thread has been refreshingly funny I've enjoyed the read, but please no more pop math quizzes.
we had one party rule, be it dems be it gop, bush, obuma's 1st term. the told us they would FIX the border if only they had both houses and the white house, well they did have terms with that control..and the border is still wide open,
why one would think the .gov policy is never fix the border.
if that is the policy, then a citizen might ask, who does DC work for?
much like the FED, pouring money into off shore mega banks after 2008, makes one wonder who does the FED work for?
big part of the .gov budget is to spy on citizens, regulate travel (except across the southern border),tax and regulate..
why someone might come to the conclusion: that we are the target and enemy of .gov, tin foil hat anyone?
Bingo, you get the prize. You, the US Citizens, are the enemy (or soon will be). History has proven that this economic strategy will not continue. When SHTF, the elite must and will be protected.
Royal Ahold is once again downsizing. The target (again) are employess who are 50 plus years old. They are offering a package with the threat that if they don't take it, what happens in a few weeks will be worse. Those that took the package last time had to sign a waiver that the downsizing was not age discrimination.
Target is going to axe a shitload of people this week. The CEO claims that it will be over a 2 year period but my sources say thousands of job cuts imminent.
11,200 workers lost jobs when Target's CEO swung the axe at Wal-Marthttp://www.bizjournals.com/twincities/news/2015/03/05/target-layoffs-ceo...
200K X 12 X 7 = 16.8 Million people.
So yeah the math is what I had heard 2 years ago.
We have to add 200K in jobs just to keep up with population grow each month.
Adding 300K in jobs a month and pretending that is recovery doesn't work out at all.
So now we are sitting on 330 Million people, 147 Million working. Did we just rise to 99 Million Not Working? (0ver 16 years old BLS Data)
------------------------------------
15.5% Bankruptcy Rate per person over 20 Years for US Citizens (Snapshot in Time).
So if we live till 85 years old we have about 50% roughly 50% chance of going bankrupt. 15.5 X 3 = 46.5% (large error rate with 60 years of factors)
What does ZH Think about the Cost of Living, Jobs, Economy, and Health Care in Light of this???
1.7 Million People in US will Face Bankruptcy this year due to Medical Bills (Jim Cramer). 147 + 98 = 245 M working aged. 1.7 M / 245 M = .69% Bankruptcy Rate per year per person Minimum. A US Rate of .77% Bankruptcy rate per year per person is reasonable based on 1.7 M / 219.6 M aged over 25 years old.
20 Years Rate = 1.7 * 20 / 219.6 = 15.5% Bankruptcy Rate per person over 20 Years.
http://www.amednews.com/article/20130708/business/130709932/6/
http://www.debt.org/bankruptcy/statistics/ (Repeat Filers)
http://www.infoplease.com/us/census/data/demographic.html
http://quickfacts.census.gov/qfd/states/00000.html
- 60% of bankruptcies are due to medical bills.
- Younger patients had two to five times higher rates of bankruptcy than cancer patients 65 or older.
- Since the early 1990s, bankruptcy has been used with increasing frequency by older individuals. While more senior citizens are declaring bankruptcy, a decreasing percentage of filers are younger than 25.
------------------------------
---- Bankruptcy Rate --------
------------------------------
115.6 million = Total Households
2.63 people per Household
74.3 Million people under 18 years old
244.7 Million people over 18 years old
99.4 Million people under 25 years old
219.6 Million people over 25 years old
319 Million = Total Population (FRED)
245 Million = Total Population over 16 years old (BLS)
147 Million = Total Employed (FRED & BLS)
92 Million = Total Not in Labor Force (FRED)
98 Million = Total Not in Labor Force (BLS over 16)
Active Population: Aged 25-54: Males for the United States©
2013: 53,964,000.00000 Persons (+ see more)
Annual, Not Seasonally Adjusted, LFAC25MAUSA647S, Updated: 2014-02-05
http://research.stlouisfed.org/fred2/series/LFAC25MAUSA647S
------------------------------
---- Bankruptcy Rate --------
------------------------------
Discussion of this conclusion that we have a 15.5% Bankruptcy Rate per person over a 20 year period would include many things:
- Cost of Living in the USA is going up YOY, and will continue in Housing, Education, Health Care, Food, Taxes, Cost of Debt
- There is a Repeat Bankruptcy rate of like 16%
- 2005-2010 Sub-prime & Global Financial Crisis was an Event that weighs on figures, but we see repeated Crashes & Scandals
- Racketeering & Fraud are Systemic at some level in the USA
- Demographics changes, population increases, people get dumber about financial matters, people fall into debt faster these last 30 years
------------------------------
---- Bankruptcy Rate --------
------------------------------
"Jobless recovery" is Barry's specialty.
Send the disgruntled and victimized, negroid afro-americans to multi-cultural, multi-ethnic Tel Aviv -- the Schwartses will no doubt be welcomed to the ethnically and racially pure Unholy Land!
this is a stupid article
AUTHOR complains that new borns to 7 yr olds are not getting full time jobs.
Bring back the work houses.
Taken from the article above...
Just to avoid some confusion on this 16.8 million population growth…this does not mean there was a baby boom over this period…quite the opposite as a flat birth rate has been offset by an even faster declining death rate (the baby boom and older generations are living much longer than previous generations…thus the pig through the python population growth).
In other words, there are no more babies now than a decade ago...there are far more 55+ year olds as that is the segment of the population that is growing.
Guess what, about the same number of people entered the labor market.
Moar SS disability and EBT cards.
I'm wondering what effect Obama's illegal aliens policy is having on the household employment survey? As some seek legal status I wonder if they show up in the survey results? The program affects several million and his most recent expasion might ecourage some portion of the 300k involved to respond.