Thread: 92,594,000: AMERICANS NOT WORKING HITS RECORD...

92,594,000: AMERICANS NOT WORKING HITS RECORD...

http://www.drudgereport.com/

as the crowd chants USA USA USA

Were Number 1; Were Number 1

Dumb Asses... If you voted for these crooks; you deserve all that's coming your way

Once we go over 50% not working then we simply become Greece.

http://www.alipac.us/f9/rush-limbaug...ve-ove-301921/

We Spent $3.2 Trillion… and Haven't Put a DENT in REAL Unemployment

Submitted by Phoenix Capital Research on 05/04/2014 14:21 -0400

• Bear Market
• Federal Reserve
• Recession
• Unemployment

The financial media are gaga over the alleged great jobs numbers from last week.

We’ve been over this saga many times. The methodology for calculating jobs gains is not even close to accurate. The unemployment rate is now a marketing gimmick rather than an accurate economic metric.

Indeed, here are some staggering statistics that indicate just how messed up the US economy is right now.

· The labor participation rate is the lowest since 1978.
· There are over 90 million Americans without a job right now.
· An incredible 20% of all American families do not have a single member who is employed.
· There are over 47 million Americans on food stamps.

There is simply no way to spin these numbers. The US Federal Reserve has spent over $3.2 trillion and generated virtually no real job growth (accounting for population growth).

See for yourself:



When you account for how the potential labor pool has grown, the number of employed Americans has gone almost nowhere but down since the 2008 recession “ended.”


At the end of the day, spending money doesn’t create real job growth. An employer only hires someone if they believe that the person’s output will have a net benefit for the firm (meaning the money the person’s output brings in is larger than the money the firm pays them for their work).

That’s what creates a sustainable job. Spending money just to create some position where a person sits at work 50% of the time doing nothing is of no real long-term value to the economy, the person, or the firm.

In simple terms, the great attempt to prop up the US economy through spending and printing money is at an end. The world takes a long time to catch on to these changes, but the shift has already begun. It’s now just a matter of time before stocks figure it out.

This concludes this article, swing by www.gainspainscapital.com for a FREE investment reports Protect Your Portfolio, which outlines how to protect your portfolio from bear market collapses.

Best Regards

Phoenix Capital Research

http://www.zerohedge.com/contributed...l-unemployment

This Is What a Government Going Broke Looks Like

Do you ever get the impression that the Congressional Budget Office (CBO) is trying to tell us something? The CBO publishes numeous reports on matters
Reason Magazine

Story at the Page Link:

http://reason.com/blog/2014/04/29/th...going-broke-lo

NumbersUSA


With a record 92 million Americans remain out of the labor force, should Congress be trying to double immigration?

COMMENT with yes or no...

The Regime’s Recovery Con

May 5, 2014 by Bob Livingston

UPI

Ah, the happy glow of phony numbers and a compliant mainstream media.
Following the release of Friday’s jobs report, Bloomberg’s headline simply beamed “Hiring in U.S. Kicks Into Higher Gear as Unemployment Plunges.” All is now rosy in the Obama recovery.
“Stocks rose on the improving jobs picture and Treasury yields climbed,” Bloomberg proclaimed. Sorry to bear the news, but it’s all as farcical as the phony money the Federal Reserve is pumping out.
Bloomberg highlighted a 288,000 gain in employment. But you have to read way down to see that the labor force shrank by more than 800,000 in April. Funny math Bloomberg is using. 288,000 minus 800,000 equals negative 512,000. Only in the sociopathic world of government doublespeak does such a huge negative equal a positive.
That’s a far cry from a gain in employment, and it’s reflected in the labor force participation rate, which dropped to 62.8 percent. Labor force participation is the share of working-age people in the labor force. It hasn’t been this low since 1978. That means that 92,594,000 “workers” are not workers. That’s an all-time record. What April really saw was 988,000 drop out of the labor force, the second highest total ever.
President Barack Obama and his minions proclaimed recovery summer in 2010. At the time, the labor force participation rate was 65.2 percent.
Blessed recovery. Just imagine if things weren’t going well where we’d be.
Looking deeper in the numbers (thanks to Zerohedge.com for doing the dirty work) we see what a con job the regime is doing with the statistics. The Bureau of Labor Statistics’ Household survey showed an actual decline of 73,000 jobs. All this while the number of people who currently wanted a job remained unchanged at 6,146,000.
And here’s some more depressing news about America’s depression: The average number of jobs added per month since the peak of the depression (February 2010) is 172,000. But the average number of people who have dropped out of the labor force each month since that time is 175,000.
And what’s more, the “recovery” is not translating into more jobs for workers under age 55. Workers aged 16-54 – note this includes the most productive sector, those aged 25-54 – lost 259,000 jobs in April. Only those aged 55 and above showed a net gain, according to the BLS.
For women, things are even worse. The Obama regime’s war on women workers has driven the number of females 16 and older not in the workforce up to a record 55,116,000. That’s an increase of 428,000 over March.
Workers 55-69 gained 174,000, likely indicating two things: older workers are unable to retire because they’ve spent their life savings (what hasn’t been lost to inflation) just surviving the depression, and they’re now forced to work to support their grown children who can’t find work.
In 16 million out of a total of 80 million U.S. homes, not one person is working and there is no income beyond a government check. That’s 20 percent of all households that are being supported off the backs of a declining number of American workers.
But never mind though, Obamaphiles ensure us that all those jobs lost at the opening of the “George Bush recession” have been recovered.

On Obamacare

Obama’s White House told us, “you can keep your health plan if you like your health plan.” Further affronting fact, they’ve claimed that Obamacare is not forcing you to pay for other people’s abortions. The law, they continue to insist, is working perfectly for all Americans.
Of course, Jay Carney pointed out last week that the Administration doesn’t have any real Obamacare numbers; but any numbers that don’t put a positive spin on the healthcare law are wrong.
One in three ACA enrollees had not paid their premium by April 15. But Obama continues to claim the debate on Obamacare is over and the law is working.
If by “working” he means it’s destroying the health insurance industry, doctor-patient relationships and middle class job opportunities, I guess he’s right.
Thanks to Obamacare, on Jan. 1 the top marginal tax rate went from 35 percent to 39.6 percent. The top income payroll tax jumped from 37.4 percent to 52.2 percent. Capital gains taxes – which is money already taxed once – went from 15 percent to 28 percent, taxes on dividends leapt from 15 percent to a whopping 39.6 percent, and estate taxes jumped from zero to 55 percent. And Obama wants more.

On the Bundy Ranch

I’ve documented for you Senator Harry Reid’s criminality. Here are couple more tidbits that have come to light.
Reid’s interest in Bundy’s land goes beyond transnational green energy boondoggles and the Dry Lake Solar Energy Zone. It seems that Reid is in possession of 93 acres of land near the Bundy Ranch that sit on the path of a future development and a freeway interchange.
Also, the BLM may have violated posse comitatus in its standoff with Bundy and his supporters. The website Uncle Sam’s Misguided Children, a site run by Marine veterans with ties to the intelligence community, spotted at least one U.S. Army Special Forces member among the government-backed thugs threatening Bundy and his supporters.
Remember that Reid said in reference to the Bundy standoff: It’s not over. Las Vegas police officers claim they’re doing all they can to identify any of the militia in the crowd that may have pointed a gun at law enforcement.
Demonstrating the double standard that is a police state; LEOs are free to aim guns at civilians without consequence but go all apoplectic when guns are pointed back by free Americans.

The reality you won’t hear from Obama’s media lapdogs

The whole U.S. economy is a stack of cards hanging on lies and money printing. The stock market is an expanding bubble of insolvency. There is still time – though the window is closing — thanks to the manipulators to buy silver. It’s still under $20 an ounce. That’s a bargain. You need it in your possession. Now!
The President can only tout his failing healthcare overhaul as a success by pretending that evidence to the contrary is invalid.
“We dispute their numbers. We don’t have hard, concrete numbers, but we dispute them,” Carney said last week.
Besides, Obama likes to say, the Affordable Care Act is the law of the land, so get over it. (Last time I checked, the 2nd Amendment is another, much older, law of the land.)
Meanwhile, The Administration is using the same strategy to deflect an even more transparent failure on the part of his Administration: the terror attacks that led to the loss of American life in Benghazi, Libya.
Last week, former White House National Security Council spokesman Tommy Vietor responded to Fox News’ questions about newly publicized White House documents that prove a coverup took place, saying, “Dude, this was like two years ago.”
Based on statements by these spokespuppets, the Obama message is really quite simple: This Administration will be held accountable for no failure and will answer to no criticism, evidence notwithstanding. And as we’ve witnessed with the events that unfolded at Bundy Ranch, the government vows consequences for any American who dares challenge its corruption by exercising the very rights put in place to the keep tyranny at bay.

Can there be any doubt the U.S. is a collapsing fascist state?

Note from the Editor: Round two of the financial meltdown is predicted to reach global proportions, already adversely affecting Greece, Spain and most of Europe. It appears less severe in the states because our banks are printing useless fiat currency. I’ve arranged for readers to get two free books—Surviving a Global financial Crisis and Currency Collapse, plus How to Survive the Collapse of Civilization—to help you prepare for the worst. Click here for your free copies.


http://personalliberty.com/regimes-recovery-con/

The Number Of Working Age Americans Without A Job Has Risen By 27 Million Since 2000

Submitted by Tyler Durden on 05/04/2014 12:40 -0400

• Barack Obama
• BLS
• Bureau of Labor Statistics
• Federal Reserve
• Great Depression
• Homeownership Rate
• John Williams
• Quantitative Easing
• Reality
• Recession
• recovery
• Unemployment
• White House

Submitted by Michael Snyder of The Economic Collapse blog,

Did you know that there are nearly 102 million working age Americans that do not have a job right now? And 20 percent of all families in the United States do not have a single member that is employed. So how in the world can the government claim that the unemployment rate has "dropped" to "6.3 percent"? Well, it all comes down to how you define who is "unemployed". For example, last month the government moved another 988,000 Americans into the "not in the labor force" category. According to the government, at this moment there are 9.75 million Americans that are "unemployed" and there are 92.02 million Americans that are "not in the labor force" for a grand total of 101.77 million working age Americans that do not have a job. Back in April 2000, only 5.48 million Americans were unemployed and only 69.27 million Americans were "not in the labor force" for a grand total of 74.75 million Americans without a job. That means that the number of working age Americans without a job has risen by 27 million since the year 2000. Any way that you want to slice that, it is bad news.
Well, what about as a percentage of the population?
Has the percentage of working age Americans that have a job been increasing or decreasing?
As you can see from the chart posted below, the percentage of working age Americans with a job has been in a long-term downward trend. As the year 2000 began, we were sitting at 64.6 percent. By the time the great financial crisis of 2008 struck, we were hovering around 63 percent. During the last recession, we fell dramatically to under 59 percent and we have stayed there ever since...

And the numbers behind this chart also show that employment in America did not increase last month.
In March, 58.9 percent of all working age Americans had a job.
In April, 58.9 percent of all working age Americans had a job.
Things are not getting worse (at least for the moment), but things are also definitely not getting better.
The month that Barack Obama entered the White House, we were in the midst of the worst economic downturn since the Great Depression and only 60.6 percent of all working age Americans had a job.
Since only 58.9 percent of all working age Americans have a job now, that means that the employment situation in America is still significantly worse than it was the day Barack Obama took office.
So don't let anyone fool you with talk of an "employment recovery". It simply is not happening. The official unemployment rate bears so little relation to economic reality at this point that it has essentially become meaningless.
Look, how in the world can we have an "unemployment rate" of just "6.3 percent" when 20 percent of all American families do n0t have a single member that is working?
Here is how that 20 percent figure was arrived at...

A family, as defined by the BLS, is a group of two or more people who live together and who are related by birth, adoption or marriage. In 2013, there were 80,445,000 families in the United States and in 16,127,000—or 20 percent–no one had a job.

So if one out of every five families is completely unemployed, then why is the official government unemployment rate not up at Great Depression era levels?
Could it be that the government is manipulating the numbers to make them look much better than they actually are?
Why don't they just go ahead and get it over with? They can just define every American that is not working as "not in the labor force" and then we can have "0.0 percent unemployment". Then we can all have a giant party and celebrate how wonderful the U.S. economy is.
And don't be fooled by the "288,000 jobs" that were added to the U.S. economy last month. For workers under the age of 55, the number of jobs actually dropped by a whopping 259,000.
If we were using honest numbers, the official unemployment rate would look a lot scarier. John Williams of shadowstats.com has calculated that the unemployment rate should be about 23 percent. I don't think that is too far off.
Meanwhile, the quality of the jobs in our economy continues to go down. The House Ways and Means Committee says that seven out of every eight jobs that have been "added" to the economy under Barack Obama have been part-time jobs. But you can't raise a family or plan a career around a part-time job. To be honest, it is very hard for a single person to even survive on a part-time wage in this economic environment.
As the quality of our jobs goes down, so do our incomes. The median household income has declined for five years in a row, and the middle class is falling apart.
Without middle class incomes, you can't have a middle class. Considering what we have been watching happen, it should be no surprise that the homeownership rate in the United States has dropped to the lowest level in 19 years or that the number of Americans receiving money from the government each month exceeds the number of full-time workers in the private sector by more than 60 million.
For many more statistics like this, please see my previous article entitled "17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine".
At a gut level, most Americans understand that things are much worse than they used to be.
The Pew Research Center recently asked people what "class" they consider themselves to be. The results were shocking.
Back in 2008, only 25 percent of all Americans considered themselves to be "lower middle class" or "poor".
Earlier this year, an astounding 40 percent of all Americans chose one of those designations.
We are in the midst of a long-term economic decline, and no amount of propaganda is going to change that.
But based on the "happy numbers" being trumpeted by the mainstream media, the Federal Reserve is slowly bringing their quantitative easing program to an end.

When quantitative easing is finally totally cut off, we shall see how the financial markets and the U.S. economy perform without artificial life support.

Personally, I don't think that it is going to be pretty.

http://www.zerohedge.com/news/2014-0...7-million-2000

Labor Day Has Been Rendered Completely Meaningless (Happy Serf Day)

Posted on September 4, 2011 by George

Labor Day … Or Serf Day?

As I noted in 2008:

A highly-regarded economist (Michael Hudson, Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Training and Research, and who is a former Wall Street economist at Chase Manhattan Bank who also helped establish the world’s first sovereign debt fund) said:

“You have to realize that what they’re trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions. They’re not trying to make the economy more equal, and they’re not trying to share power. Their greed is (as Aristotle noted) infinite. So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage. The Road to Serfdom is not government sponsorship of economic progress and rising living standards, it’s the dismantling of government, the dissolution of regulatory agencies, to create a new feudal-type elite.”

In 2009, Foreign Policy magazine ran an article entitled “The Next Big Thing: Neomedievalism“, arguing that the power of nations is declining, and being replaced by corporations, wealthy individuals, the sovereign wealth funds of monarchs, and city-regions.

The Government Continues to Destroy Jobs … Not Create Them

Despite pretty words and psuedo-jobs programs, government policy is unrelentingly destroying American jobs – instead of creating them – by:

• Encouraging companies to ship them abroad

• Sending a large percentage of the funds for bailed out banks abroad

• Encouraging mergers

• Paying banks to park their excess reserves, instead of deploying them as new loans to Main Street

• Encouraging redistribution of wealth upwards to the top .1% wealthiest

• Enacting policies which (1) turn a blind eye to Wall Street fraud, (2) prop up the too big to fail banks, asset prices and leverage at any cost, and (3) spend stimulus money on the military and huge Wall Street firms, instead of on average Americans

(And no, Obama is not being misadvised; he simply has different priorities from the average American).

Labor Day Has Been Rendered Completely Meaningless

As Mark Provost has points out – the rich love high unemployment. Because all branches of government and the Federal Reserve are wholly captured by the top .1% (and see this, this and this), they are not very motivated to decrease unemployment.
And as David Rosenberg notes:

The “labor share of national income has fallen to its lower level in modern history … some recovery it has been – a recovery in which labor’s share of the spoils has declined to unprecedented levels.”

Indeed, the government has made it official policy to protect the fat cats instead of helping the little guy.
Due to Americans’ passivity in the face of those who act like lords, Labor Day has been rendered completely meaningless.

http://www.washingtonsblog.com/2011/...rfs-day-2.html