Showing posts with label unemployment. Show all posts
Showing posts with label unemployment. Show all posts

Saturday, July 20, 2013

BLS number is BS

http://www.nypost.com/p/news/business/bls_number_is_bs_jaKS2Nc8Yu2TrnETK2bXEM
Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe.

And he should know.

Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate.

“Right now [it’s] misleadingly low,” says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent.

Monday, May 7, 2012

Two Charts Exposing America's Record Shadow Welfare State

http://www.zerohedge.com/news/two-charts-exposing-americas-record-shadow-welfare-state
..."this is the new stealth stimulus program - so far in 2011, nearly one million Americans have applied for disability and year-to-date, 333k have actually enrolled (covering 539k family members). In total, more than five million people have been added to disability coverage since President Obama took over three years ago." The punchline will make all those who adore (insolvent) welfare states shake with giddy delight: "So look - either safety standards at work have eroded dramatically or the "99%" have found a creative way to milk the system and turn the economy into a quasi welfare state"...
...the BLS assumes that any amount up to the total 53 million people, is not in the labor force as they have other "wefare" based forms of government handouts and see no need at all to look for a job. Is there any wonder why US unemployment is realistically 20% if not much higher? 

Monday, January 30, 2012

This Is Europe's Scariest Chart

http://www.zerohedge.com/news/europes-scariest-chart
Some may be surprised to learn that while Portugal, and Greece, are quite bad, at 30.7% and 46.6% respectively, it is Spain where the youth unemployment pain is most acute: at 51.4%, more than half of the youth eligible for work does not have a job!

San Francisco Fed Admits Bernanke Powerless To Fix Unemployment Problem

The title says it all.  Even the financial elite are acknowledging their failures.

http://www.zerohedge.com/news/san-francisco-fed-admits-bernanke-powerless-fix-unemployment

Wednesday, October 5, 2011

Announced U.S. Job Cuts Rise 212% From Year Ago, Challenger Says

More bad employment news--just enough to get the Plunge Protection Team to gin up the SP500 futures.  And more reason for Blackhawk Ben to implement QE 3.0.

All half-kidding aside, the blogosphere has rejected the economic cheerleading from the status quo for several years.  Now that the financial elite and complicit media have submitted to the dark truth, rest assured they will put to good use the ongoing financial crisis. 

http://www.businessweek.com/news/2011-10-05/announced-u-s-job-cuts-rise-212-from-year-ago-challenger-says.html