A Record 100 Million Americans Not Working

The Bureau of Labor Statistics (BLS) jobs report for December counted 74,000 jobs created last month. That was less than half the 200,000 new jobs expected.

Nevertheless, the BLS reported those 74,000 new jobs as reducing at least what it calls the U3 unemployment rate by three tenths of a percentage point, from 7.0% to 6.7%. That was because 347,000 workers fled the work force altogether last month, and so were no longer counted as unemployed.

Those 347,000 workers leaving the workforce altogether were almost 5 times (4.689) the 74,000 new jobs created. But the BLS, and the New York Times, still count that as headline unemployment plummeting on net to 6.7% from 7.0%. In fact, all of the decline in the U3 headline unemployment rate since President Obama entered office has been due to workers leaving the work force, and therefore no longer counted as unemployed, rather than to new jobs created.

Those 347,000 for December, 2013, however, are still out there not working, and suffering. Indeed, they joined a near record of more than 102 million Americans not working in December, all still out there and suffering without jobs. Those 102 million Americans are the human face of an employment-population ratio stuck at a pitiful 58.6%. In fact, more than 100 million Americans were not working in Obama’s workers’ paradise for all of 2013 and 2012….

By Peter Ferrara – Forbes –

Rothschild’s $500 Trillion: Not On Forbes’ 500 List!

“Are you fighting for your servitude as if for your salvation? Then you have been well-deceived. You have been sheeple-compromised. Your thoughts are not your own. Your actions are not your own. You are in all ways a conditioned puppet who is under the delusion that it is free, and the psychopaths of the world are your uncompromising puppet masters.” –Gary ‘Z’ McGee, Waking Times

Every few months for the last couple of years, a new story pops up declaring the “official” wealth gap — the one most public sources will admit to — is getting wider and wider at a faster and faster rate.

This is the real economic crisis.

The wealth gap in America, for example, is insane these days.

Just 10 percent of Americans own 91 percent of the nation’s stocks and mutual funds, according to economist Edward Wolff (Table 7). Most of the remainder is held by a “middle class” that is steadily losing ground. The bottom 60 percent is almost entirely shut out (Table 2).

Stock owners, some of whom made billions of dollars last year, can defer their income taxes indefinitely, pay a reduced capital gains tax when they decide to cash in, or pass on the capital gains tax-free to their heirs…

$2 of every $5 owned today was created in the last five years, most of it from the financial markets, and almost all of it going to the richest 10 percent.

Unfathomably, the richest 1 percent took anywhere from 95 percent to 116 percent of the new income gains after the recession. Yes, 116 percent, because almost everyone else went backwards. Median wealth dropped about 40 percent from 2007 to 2013.

And it just keeps getting worse. Remember that big report that came out last year about how the 85 richest people in the world — only 85 people — own as much wealth as the bottom 3.5 BILLION poorest? This isn’t set up to let more people get in the club fake American Dream style either. Only people who are still asleep believe that.

No, the elite are closing ranks. The report about the 85 versus 3.5 billion came out in January 2014. It was quickly followed up by a new report just a couple months later that it was down to a mere 67 people… sixty-seven people… who own more than the bottom half of everybody in the whole entire world.

By Melissa Melton – Activist Post –