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The US Labor Market Is In A Full-Blown Depression
Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010... and 2009 (because contrary to what purists may believe, the only way to inflate away unsustainable debt in a growth-free economy is by destroying the currency), and manic pattern chasers have crawled out of their holes proclaiming the death of the bear market after a two day bounce, what is happening in the actual economy, no longer reflected by the market, has once again been pulled back to the backburner. Which is sad, because while ever fewer people reap the benefits of artificial, centrally-planned S&P rallies, the rest of the population suffers, and what is worse: hope for a quiet, middle-class life is now an endangered species. Nowhere is this more evident than in the following list from David Rosenberg which summarizes how, quietly, the US labor force slipped back into a full-blown depression.
From David Rosenberg:
One Sick Labor Market
There were so many disturbing elements to the May jobs data that we're not sure we can do justice to the litany of disappointments (with some help from our friends at the Investor's Business Daily):
- The share of long-term unemployment is at its highest level since the Great Depression (42%).
- Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.
- 45 million Americans are on food stamps — one in seven residents.
- 47% of Americans are on some form of government assistance.
- The employment-to-population ratio for 25-54 year olds is now 75.7%, lower than it was when the recession supposedly ended in June 2009.
- The number of people not in the labour force has swelled eight million since the recession ended; absent that effect, the unemployment rate would be 12% right now (about the same as President Obama's election chances would be).
- The number of people confident enough to leave their jobs fell 11% in May
for the second month in a row to 891k, the lowest since November 2010. - The ranks of the unemployed who have been looking fruitlessly for work for at least 27 weeks jumped 310k in May, the sharpest increase since May 2011.
- The unemployment rate for males aged 16-19 is 27% and for males between 20 and 24 it is 13%. Draw your own conclusions from a social (in)stability standpoint.
- One in seven Americans are either unemployed or underemployed.
- Only one in six of the youth are working full-time and three-in-five are living with their folks or another relative (as per the NYT).
- A mere 16% of the 2009-2011 graduating class has found full-time work, while 22% are working part-time. Even those hired from 2006-08, just 23% are working full-time.
- According to a poll cited in the NYT, just 14% of high-school grads today believe they will have a more successful financial future than their parents Line of the day, as depressing as it is, comes from an 18-year old: "Thank God I had a buddy at Burger King who could help me out". Fast-food has emerged as the fast-growing industry in a country once led by technology. Even tech now is fuelled more by companies that produce nifty consumer gadgets and feed our narcissistic needs than those who focus on improving the nation's capital stock which is the ultimate trailblazer for productivity growth and durable gains in our standard-of-living.
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me right now
If you are part of the 1%, why would you even care about starting a yoga studio? To me that's such a middle class / upper middle class / lower upper class niche market, flooded with hot chicks and douchebag guys... but hey, there is nothing wrong with dreaming, unless you don't have the fire to make your dreams come true.
I'd say that start up businesses that cater to the middle / upper class will more than likely fair better in a shitty economy, simply because these guys have some money / savings and or credit to piss through... so even if they have zero income, they still have the "credit" to buy stupid shit or get daddy to pay for it.
Poor people would buy a yoga book at goodwill for 25 cents and learn the postures, then train these rich cunts how to do it and charge them out the ass to do it. Knowledge is power. Money is power. A person with knowledge and money, is indeed very powerful in a world of fools.
yes :S
Massage parlor is better.
hot yoga is booming and has been for 10+ years. The demo is girls in their 20's-30's and daytime women in their 60's. Women do it as a substitute for the gym.
There is no shortage of yoga instructors, to me the hot yoga is the thing, wierd stuff like the hanging yoga is a fad.
I do hot yoga and that's what I would offer
I live in a weathy suburb and there's no hot yoga studio here just in the city, I think the could sustain its own studio tho(2 colleges, lots of housewives,e tc)
It's an election year, do you honestly expect anything more than bullshit and propaganda?
no unions, no middle class. No way of fixing it now so either sell junk items or uber luxury.
‘In 1958 Robert Welch founder of John Birch Society disclosed in a speech that America is going to be destroyed from within. Mr. Welch goes on to tell how this will be done and destroying our liberties’.
Click here Starting @ 3min, you can begin debating over viable solutions offered back in 1958.
10 Steps to destroy the Republic.
Food for thought!
Not too sure about the penultimate comment!
penultimate is such a great word
It is the penultimate word.
Marxist termites are ever patient as they chew away the foundation.....
the fascist termites are working right along side the marxist ones.
Federal income taxes on both individuals and business are lower than in 1958.
Wild inflation? I been hearing that government deficits and trade deficits cause inflation for 30 years. Now the federal government deficit is several tims what the entire federal budget used to be. The result is supposed to be drastically higher interest rates from what I was taught. Instead interest rates are negative after inflation. Why? Beats me but it seems to be the government's doing - not in accordance with the Birch plan which says they want wild inflation.
There hasn't been significant government wage and price control since Nixon. In fact it's decreased. They used to control trucking and airplane rates. No more. Any attempt to control drug prices paid by government insurance has been declared illegal.
I think states have more power relative to federal than in 1958. For one thing they all have enacted huge new revenue sources and get most of their own money.
Our educational system doesn't really teach anything effectively. Using that as a means of indoctrination into some NWO would fail miserably.
War is horrible. Don't know myself but my nephew told me so after his two weeks in Iraq led to life long disability at a taxpayer cost of 4 million plus not counting equipment, etc. Benefit was?
Most American people would surrender themselves to Kim Kardashian, McDonalds or Apple. Pretty much the wimpiest people on earth despite their many guns. When was the last US general strike?
I think I bought a burger from the guy in the photo.
Or is this simply the new face of "Fries with that?"
His name is Pierre. He is French after all. When I worked there in high school. his Parliaments would drop into whatever was underneath him at the time, including your burger.
Figures: the burger in question was awful.
sorr y but this site can no
longer be navigated . sac, what is it?
is it being devoured? a form of de - struction of
speech consumption?
time. zone parted
sorr y but this site can no
longer be navigated . sac, what is it?
is it being devoured? a form of de - struction of
speech consumption?
time. zone parted
I propose that all USA agencies abandon using an eagle as symbol of their power.
Eagles are free and noble unlike our us govt...instead I propose the symbol be changed to a condom.....
a "CONDOM" because it more accurately reflects the government's political stance...A condom allows for... INFLATION...HALTS PRODUCTION...DESTROYS THE NEXT GENERATION...PROTECTS A BUNCH OF DICKS...and gives you a sense of security while you're actually being ...SCREWED...
Lol
Yeah I knows it's an old joke...
POTOS Seal should be Pennywise the dancing clown.
A condom... now there's an idea
Without endless amounts of fiat debt expansion to keep the ponzi and propaganda going, at the core America is composed of a bunch of hicks, spics, and nigs who would gladly blow each other's brains out.
... for a few dollars or a bowl of soup.
Mechanic neighbor has been at the same 4 man garage for 28 years. He is working 3 day work weeks more often than not. We ain't seen nothing yet. Know your neighbors, feed the squirrels corn over the winter. They may make you a mighty fine stew some day when you need it. Lead and silver budget also recommended.
Apple is looking for help
Sweatshops Are Good for Applehttp://www.scribd.com/doc/95395223/Sweatshops-Are-Good-for-Apple-and-Fox...
(sent from my iPhone)
The labor markets are fine--if you happen to be an African or Latino immigrant.
Not sure about the Africans, but the labor market is good for the Latinos because the majority of them work their asses off.
The majority of legal immigration is from Africa--the majority of illegal immigration is from Latin America. Do you work your ass off more if you are a legal immigrant or an illegal immigrant?
I did a major project for The Department of Homeland Security prior to the economic downturn and was able to get hundreds of workers in there without papers. All you had to do was fill out a waiver that showed the unemployment rate below a certain level and that there was not enough skilled workers wanting those jobs.
Today you can only get American citizens on U.S. government projects. The private sector is still hiring non citizens just like when the economy was booming. Not sure these private sector hiring managers realise the risk they are taking on.
That's normally considered fraud.
President Of Estonia Slams Paul Krugman: 'Smug, Overbearing & Patronizing'
http://www.huffingtonpost.com/2012/06/06/estonia-krugman-toomas-hendrik-...
Things such as this are why I like Twitter.
Don't mess with Estonia http://youtu.be/JKiTA48agFo
Ha! Australia is going gangbusters on the goverments stat fudges, first the GDP fudge from hell now this:
0141 GMT [Dow Jones] Australian jobs creation soars during May when some 38,900 jobs were created, even as the jobless rate ticked higher. The participation rate rose to 65.5% from 65.2%,
Despite their bond market pointing towards doomsday.
Over to you Asia, more USD buying? Governments are now betting against the market with bullsh*t overload.
Nasty.
ES now 60 points off Sunday night's lows, wow!!!
Nice to see you.
Roller coaster is running, hold on to your cotton candy and caramel corn.
Yes, it goes up, and goes down, and up again and down again - but is made of wood and hasn't been inspected in a while.
(pssst! termites!)
Since the whole world is "left of center"....shooting for the center is shooting way to the left ! Remember, half the bell curve is missing....there is no libertarian equivalent to North Korea ! Monedas 1929 MDB Wanna Be But For Insufficient Talent Capital I Make My Own Weird Little Niche
But The Bernanke's Beige Book today reported everything is just hunky dory.....and the European financial problem was laid to rest today as further evidenced by the soaring stock market.
Rosenberg better start listening to the news...tune into CNBC...get a grasp of what is really happening...quit peddling this doomsday stuff.
Maybe, just maybe, someday someone might figure out that gutting fair trade policies and deregulating to the no-regulations-needed-here financial system wasn't such a great idea. I won't hold my breath.
Get back to work, and sweat some more.
You're fretting, you're sweating,
but did you notice you ain't getting?
You're not getting anywhere!
http://www.youtube.com/watch?v=ijiazWlawUY
Sold my biz in 2006 (lucky) guy that bought it is going under. I sit and watch the pelicans fishing from my balcony. I never want to have another employee ever again and I'm only 52. No predictability=no investment. The 1% can have the game, I took my chips and checked out and I am not alone. So be it. Rombama will be no better. Same Fed, Same Tax code, Same immigration non-policy, same military complex, blah blah blah.
Want borrow my avatar?
While you play directly into their hands by doing so.
what else is there to do??
Three words... Student Loan Suicides
Should I vote for a Republocrat or a Democran?
I never noticed the U.S. market was in labor....I bet the U.S will need a Cesarian to survive
Would you like fries with that?
all the things you say make me think that U.S. is in recession, but are not.
Who lies?
http://agstock.blogspot.com.es/
jobs are ovverrated when yo got your 99 weeks and ebt to fall back on.
Teachers don't have that!
Like all that will matter when the bond market says NO MORE...
The reality for Americans is that they are going to have to travel overseas to find work like everyone else. Those that become mobile fastest will get the better jobs. There are so many opportunities for employment and business in many countries it just requires a change in thinking.
--
Oh yes, NATO absolutely will not let go until it has created several more wars via a the use of "false-flag-terrorism" massacres.
Doubt was being cast, by people all around the world, and especially in Syria, on the origisn of that last massacre, namely, who really did do it? Plus we saw Assad stand-up in public and say to the entire World that his Govt had absolutely nothing to do with such a, "great atrocity". "Not even monsters would carry out such an ugly crime" - Assad
But yet again, within just 24hrs ... presto! ... another very similar massacre pops up nearby ... same deal as before, ... supposedly and also allegedly 'western' (but really, Joo-controlled) 'Govts' immediately blamed Assad's army for this, when it's perfectly obvious that zero investigation of the facts has actually taken place, or may even be possible (after all, the very first casualty of any war, or in this case an insurgency, is the Truth), and these govts clearly have no tangible evidentiary basis for apportioning blame ... TO ANYONE!
But again, these alleged western 'leaders' are just immediately calling for a complete removal of the current Govt of Syria, by force if necessary, "... if these reports are true ..."!
They know that they don't know if such reports are true, or false, but they absolutely insist on speaking and acting as though these things are known, or at least these things should be assumed, and the onus place on the thus presummed guilty, to prove they are innocent!
But this is the lowest and rankest form of global propaganda attack and smear, by David Cameron. This is what a Webmaster/moderator would instantly recognise as a "Personal Attack".
Two can play that card David. Let's have a look; Cameron is a zionist, Cameron is bankster-puppet 'politician', Cameron is an active planner and hatcher of the Libyan war, and its scree of war crimes. And quite incidentally, Cameron just happens to be a joo. (and Sarkozy likewise, ... just happened to be a joo).
Cui Bono?
In reality, this is almost certainly a false-flag terrorism attack, staged for pure political intervention purposes, and performed by these western govt's militia-proxies.
i.e. a considered and deliberate provocation and assault on the peace of the whole world.
Clearly the 'west' will not get a new "We-Now-Bomb-You-Zone", in a deal or agreement with Russia and China, this time around the geopolitical mullberry-bush.
Thankfully the Russians and Chinese are awake to the recent manipulations of the UNSC in the Libya case, by NATO and the USSA.
So now this 'west' must push for direct actions OUTSIDE the (stupefyingly manipulated and generally frigged-with) formal UN Sickurity Council forum/process.
i.e. The US and NATO must and now more-or-less will declare war on Syria, almost but not quite 1939 style, via building a pretext that they can not just standby while terrible massacres of children occur ... for these NATO/Washinton vermin would dearly like to write themselves a moral blank-cheque to do a whole lot more of these, ASAP.
They won't call it that of course, but that's what its effect will be, or will become.
And Hillary and her fellow psycho-clowns will have to paint Moscow and Beijing as irresponsible vile ogres and next to complicit with these massacres, in order to get this line up in the 'western' (joo) media lie-factory(s).
And thus the needed polarisations of the, "us, verses the them", will be re-kindled towards the next great war and mega slaughter.
Who benefits?
(follow the money)
NOTE: It is important to realise that WWII was a patchwork of dislocated and physically isolated battle campaigns that waxed and waned in intensity, for several years. We are not seeing full state to state battle campaigns yet, but we are getting there, and ther patch work of isolated conflicts is there and it is growing, and the US/NATO AXIS is pushing to kick off Syria, then Iran, as we slip closer and closer to general war, by the month. Just today we read this:
--
That is a war between one nuclear-armed state against another nuclear-armed state.
AND FOR QUITE OBVIOUS REASONS, THIS HAS NEVER OCCURRED BEFORE TODAY.
Fortunately our 'Leaders' are exceptionally capable people who never make dumb mistakes or miscalculations of any sort, so we can completely trust them with this.
And also this one ;
--
That's pretty clear, no matter what Pakistan says or does, the USSA intends to attack Pakistan in every way which it sees fit, anywhere they want to. And note the re-emergence of the "war on Terror" paradigm within Panetta's quote.
I can almost smell the neo-con soup still on his breath!
Neo-Fascist No-Bell Peice Prise bitchez!
Thank businesses for doing everything to sabotage things- even if it ruins things for those that aren't doing anything wrong.