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View Full Version : Unemployment Falls to 9.0 Pct., Only 36K New Jobs




tangent4ronpaul
02-04-2011, 08:15 AM
http://abcnews.go.com/US/wireStory?id=12839866

This report SCREAMS the question: What definition did they redefine? Who did they stop counting as being unemployed?

36K jobs is PATHETIC! and would certainly not drop the unemployment percentage that much.

-t

Elwar
02-04-2011, 08:20 AM
I believe part of the unemployment bill last year they dropped the extension for unemployment benefits...

meaning a bunch of people fell off of the rolls, so they're no longer counted as unemployed

hazek
02-04-2011, 08:34 AM
The pot is slowly heating up.

teacherone
02-04-2011, 08:35 AM
Missing Workers: 4.4 Million Out Of Work And Forgotten (http://www.huffingtonpost.com/2011/02/04/missing-workers-44-millio_n_818314.html)

tangent4ronpaul
02-04-2011, 08:43 AM
Missing Workers: 4.4 Million Out Of Work And Forgotten (http://www.huffingtonpost.com/2011/02/04/missing-workers-44-millio_n_818314.html)

Indeed, when the government on Friday delivered its latest monthly snapshot of the labor market for January and calculated the unemployment rate, these people -- a group larger than the population of Los Angeles -- are not even counted. Some are sprinkled into the fine print, counted in categories such as "discouraged workers," but most are invisible.

Last December, the percentage of Americans who were either employed or actively looking for work fell to 64.3 percent, what economist Heidi Shierholz calls "a stunning new low for the recession." Shierholz estimates that 4.4 million Americans are left out of the Department of Labor's official unemployment count because they are too discouraged to continue seeking work.

"We have now added jobs every single month for a year," Shierholz said. "So you would think that there would be labor-force growth, these missing workers starting to come back in. Not only is that not happening, it's actually starting to go in the other direction. There's never been a pool of missing workers this large. It's not clear to me when they'll come back."

Good find! - thanks!

-t

HOLLYWOOD
02-04-2011, 10:44 AM
The US requires the creations of at least 150,000 new jobs each month to just break even on people entering the job market. That hasn't happened for years. Also the number of US citizens on Welfare and Food Stamps has increased over the month. Almost 44 million Americans are now collecting Food Stamps/Subsidies.

Also what is skewing the numerous are the numbers of seniors citizens and "Labeled retirees" still working. Just the amount of working over the age of 65 has double in the past 15 years.

The Bureau of Labor Statistics is a load of garbage propaganda and mix that with the polished BS out of Capital Hill... The most brilliant propagandist techniques.

Joseph Goebbels would be proud!

If you want to see the real stats look no further than the daily US Treasury report, but also take into account the depreciation of the dollar as we continue the FED's fiscal road: http://www.fms.treas.gov/dts/index.html

FOX Detroit stated yesterday the real unemployment rate of the city is 50%, and the city's 9 member board costs the taxpayers $13 million alone(2nd highest cost to the taxpayer of ANY US city). talk about these limousine liberals pulling another Bell, CA while unemployment in Detroit is the highest in the country.
http://cmsimg.detnews.com/apps/pbcsi.dll/bilde?Site=C3&Date=20110203&Category=METRO01&ArtNo=102030382&Ref=AR&Profile=1409

teacherone
02-04-2011, 11:44 AM
Canada: 10% of US population creates 300% as many jobs

69,000 (CDA) vs 36,000 (US)

Pericles
02-04-2011, 11:47 AM
I believe part of the unemployment bill last year they dropped the extension for unemployment benefits...

meaning a bunch of people fell off of the rolls, so they're no longer counted as unemployed
That ^

sailingaway
02-04-2011, 12:42 PM
With no more extensions in unemployment payments beyond the 99 weeks, just extension of the time to file if you are under 99 weeks, every month more people drop off of what they call 'unemployed.'

Brooklyn Red Leg
02-04-2011, 01:09 PM
Well, if massive inflation and/or hyperinflation hits us this year, its adios muchachos. We WILL look like Egypt, Greece and so many other countries. What makes it worse is the thumb screws are being set against the poor (I know this because, well, Im poor and living in such a place) where the local government is banning roadside panhandling. If it wasn't for a friends couch, I'd still be living in my car (which got the cops called on me). This situation is going to become untenable REAL QUICK if something doesn't turn this around, which we may have already reached the point of no return.

As others like Anti-Federalist have said, peaceful dissolution/secession is the only option. I don't want the streets of America running with blood cause, well, only a sociopath wants that and I'm just as likely as all of us here of being rounded up for being a "trouble maker".

HOLLYWOOD
02-04-2011, 01:33 PM
Zero hedge covered it before...

Hat's Off to the Federal Reserve and Federal Government for creating 360,000 minimum wage service jobs over the past 18 months.

Zippyjuan
02-04-2011, 01:50 PM
People who have given up looking for work are no longer considered unemployed. Then you get the ending of unemployment benefits for a large number of people- you have to say you are looking for work to get them in most places but when the benefits end you no longer need to make that claim so maybe a lot of them changed their designation from "looking" (which offered them benefits but no longer does) to "not looking".

Also the number of "new jobs added" is a survey of employers- the unemployment numbers is a survey of people so they are surveying different things. The winter weather is making the numbers more difficult too. We will have to wait a few months to see what is actually going on.

tangent4ronpaul
02-04-2011, 07:13 PM
http://cmsimg.detnews.com/apps/pbcsi.dll/bilde?Site=C3&Date=20110203&Category=METRO01&ArtNo=102030382&Ref=AR&Profile=1409

Until you get to Tx, that's a who's who list of socialist states.

-t

oyarde
02-04-2011, 07:20 PM
Until you get to Tx, that's a who's who list of socialist states.

-t

Yes .

oyarde
02-04-2011, 07:21 PM
And , socialism is too expensive ....

tangent4ronpaul
02-04-2011, 07:41 PM
actually, I shouldn't have included PA in there, but that state has it's own problems.

oyarde
02-04-2011, 08:05 PM
actually, I shouldn't have included PA in there, but that state has it's own problems.

But you can include Philly .

DamianTV
02-05-2011, 01:16 AM
http://www.youtube.com/watch?v=9ssIhiD8kKM

Updated Version:

http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

Michigan11
02-05-2011, 02:48 AM
Canada: 10% of US population creates 300% as many jobs

69,000 (CDA) vs 36,000 (US)

This! This is absolute evidence for anyone who is asleep in this country to wake up real quick.

Michigan11
02-05-2011, 02:57 AM
Well, if massive inflation and/or hyperinflation hits us this year, its adios muchachos. We WILL look like Egypt, Greece and so many other countries. What makes it worse is the thumb screws are being set against the poor (I know this because, well, Im poor and living in such a place) where the local government is banning roadside panhandling. If it wasn't for a friends couch, I'd still be living in my car (which got the cops called on me). This situation is going to become untenable REAL QUICK if something doesn't turn this around, which we may have already reached the point of no return.

As others like Anti-Federalist have said, peaceful dissolution/secession is the only option. I don't want the streets of America running with blood cause, well, only a sociopath wants that and I'm just as likely as all of us here of being rounded up for being a "trouble maker".

Man things really are falling apart out there right now. I personally don't think this is going past this year. I cannot believe what I am seeing and hearing lately on what people are making at jobs if they are so lucky to have one that is. This is getting very real. I trully feel for people that are stuck in this situation right now. This is not the country it was even a few years ago.