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 –

Gallup CEO: Full-Time Jobs Number Lowest It’s Ever Been

Gallup CEO and Chairman Jim Clifton doubled-down on his comments earlier in the week on the misleading Obama unemployment rate.

Obama says the unemployment rate is 5.6% which is very misleading.

Clifton went on America’s Newsroom today to explain the misleading government numbers. (Video included)

“The number of full-time jobs, and that’s what everybody wants, as a percent of the total population, is the lowest it’s ever been… The other thing that is very misleading about that number is the more people that drop out, the better the number gets. In the recession we lost 13 million jobs. Only 3 million have come back. You don’t see that in that number. “

The real Obama unemployment rate is above 10%

By Jim Hoft – The Gateway Pundit –

The US Retail Industry is Collapsing

Shopping malls across America are going to look a whole lot emptier soon. An exodus of giant retailers is beginning with the announcement of hundreds of store closures and thousands of people newly unemployed.

The first of January, I broke with my usual tradition and wrote not about positive resolutions, but about the impending rockslide of the US economy. And “rockslide” is an apt word: as one thing starts rolling down the mountain, it will pick up other things until a veritable avalanche of other businesses and people are affected and rolling pell-mell right alongside.

Last year, we saw announcements of the expected closure of some retail giants….

Unfortunately, it didn’t stop there. This morning, a World News Daily report announced:

Macy’s is closing 14 of its 790 stores across the country.

JCPenney is closing 39 of its stores and laying off 2,250 workers.

Sears has been around for 122 years, but it, too, is closing 235 under-performing stores.

C. Wonder, the preppy retailer, is going out of business, closing all 11 of its U.S. stores in the next few weeks.

Wet Seal is closing 338 retail stores while dealing with bankruptcy proceedings. Nearly 3,700 full- and part-time workers will be unemployed.

Aeropostale, suffering from declining sales, closed 75 stores during the holiday season, which runs from November through January. And in 2015, they expect to close an additional 50 to 75 stores.

RadioShack, which is negotiating with lenders to gain approval to shutter 1,100 stores, said last month that it closed 175 locations in 2014. (source)

Even holiday sales, normally high, plummeted this Christmas….

By Daisy Luther – FromTheTrenchesWorldReport.com

OUR CHILDREN ARE RED, WHITE AND SCREWED

By Dave Hodges – The Common Sense Show –

….There was a time that a child could produce a mediocre track record in high school, not go to college, but were able to work in a factory or a department store and climb the ranks and subsequently live a life of wonderful opportunities.

With 86% of our 1968 based manufacturing gone to overseas markets, those days of second chance opportunities are gone forever.

When the Blinders Come Off

My soon-to-14 year old son is showing signs of asking questions befitting an adult perspective of our present political and economic situation. I am not bashful about identifying the misdeeds of our government when I am writing or broadcasting. Also, I know that I have the intellectual capacity to explain to my son how bad things have become in terms he can understand. However, I have found that I am lacking the skill and knowledge to explain to my son just how bad things are without taking away his hope for the future.

I am running out of time to begin to formulate a dialogue with my son as I know that I will have to say something and say it very soon. Just the other day, my son made fun of Obama and his nation of birth, Kenya. As my readers and listeners will tell you, I don’t pursue the “birther issue” a s a point of emphasis in my advocacy. Yet, my son is keenly aware of this issue. Last night as we were driving home from play that we attended, my son offhandedly said “the rich control Obama and he controls us like a dictator”. In other words, he is getting his education about the New World Order from sources from “OTP” (i.e. other than parents). I asked him where he got that information and he said “some of the kids at school say Obama is a member of Illuminati and it is all over Youtube”. Life was so much easier when I controlled most of his access to information. I knew that this day would come, but I am finding that I am not prepared with ready made answers about how the world really works. Most adults don’t know how the world works….

Figures may lie and liars may figure, however, there are some numbers that cannot be ignored and they serve to underscore the increasing sense of hopelessness that is creeping across the country.

During 2011, 53 percent of all Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed.

At this point about half of all recent college graduates are working jobs that do not even require a college degree.

The number of Americans in the 16 to 29 year old age bracket with a job declined by 18 percent between 2000 and 2010.

Incomes for U.S. households led by someone between the ages of 25 and 34 have fallen by about 12 percent after you adjust for inflation since the year 2000.

In 1984, the median net worth of households led by someone 65 or older was 10 times larger than the median net worth of households led by someone 35 or younger. Today, the median net worth of households led by someone 65 or older is 47 times larger than the median net worth of households led by someone 35 or younger.

In 2011, SAT scores for young men were the worst that they had been in 40 years….

 
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