Tag Archives: Jobs report

The Definition of Success…

BernankeandobamaLooking at some fresh numbers today, and as always I’m a little confused by the “Lame Stream Media” portrayal of our current economic posture. For starters, nearly 23 million households and 48 million individuals partake of the “Snap” (Supplemental Nutrition Assistance Program). Now these numbers in and of themselves expose the Obama Administration’s  claims of any “recovery” for what they are, carefully contrived deception (with the help of a complicit media), designed to instill a false sense of progress. I also looked at some video from the past week and heard even a few “Conservative” economists characterizing 175,000 jobs created as a “moderate” pace. Now putting aside the fact that number will likely be revised down in the coming week, the reality is that about 200,000 is more traditionally “moderate” in terms of job creation, with 300,000 a sign of true momentum.  I’m simply having a hard time understanding why we continue to revise reality for the sake of this Administrations’ efforts.

The hard truth is our economy remains a shell of its former being. Housing numbers are driven by unsustainable Fed rates propped up by monopoly money, with the DJIA hanging precariously on Bernanke’s every syllable. Companies large and small continue to hire part-time to offset the impending cost of Obamacare and crippling regulation. The class warfare gap has never been wider with more and more people receiving some form of government assistance. Local governments are literally going bankrupt, an unthinkable occurrence one never would have imagined in this country. And most regrettable, our focus is now compromised by the myriad of scandals plaguing President Obama’s second term. This is always what happens when we substitute flawed ideology in place of “truth and reason”.

Posted in "Patriot64", America, Class Warfare, Economy, Green Energy, Health Care, Media, National Debt, Political Correctness, Politics, Rhode Island Local, Right vs. Left, Socioeconomic, Taxes, Unemployment, Unions | Tagged , , , , | Leave a comment

It’s the labor force stupid…

Dept_-of-LaborListening to the “lame Stream Media” hype the latest jobs numbers would be laughable if weren’t so damn irresponsible. Well as I always say, let’s look at “the numbers within the numbers”.

CNS did a very good job hashing it all out so we can see the very real and troubling disparities plaguing our economy and labor force. Unfortunately, we don’t have enough respectable journalists willing to put aside their “Obama-love” for just a minute and report the truth. And so that task falls to those of us willing to embrace the facts, and they are pretty much these:

– the number of Americans designated as “not in the labor force” in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February, (and there goes your jobs added last month…)

– The fact is that the labor participation rate in our country remains at a record low 63.5%. Just to put that into perspective, when Barack Obama took office, the labor participation rate was 65.7%.

– The U6 unemployment rate, which measures those who are unemployed and underemployed, is 14.3%.

– The jobs that are being added to our economy are part-time, rather than full-time jobs. According to the Household Survey, the number of full-time jobs declined by 77,000 from 115,918, to 115,841 while the number of part-time workers rose from 27,467, to 27,569, or 102,000 jobs.

– The number of Americans out of work for more than 27 weeks rose in February by 89,000, going from 4.7 million to 4.8 million.

Now don’t take my word for it, and save your ridiculous rhetoric. Get off your behinds and do the numbers yourselves. I know it’s easy to simply attack the messenger and believe the lie, but what good does that do our kids???

This message brought to you by someone who actually gets it…

Source – http://www.bls.gov/news.release/pdf/empsit.pdf

Source – http://cnsnews.com/news/article/record-89304000-americans-not-labor-force-296000-fewer-employed-january

Source – http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased

 

 

Posted in "Patriot64", America, Fred Comella, Jobs, Media, Politics, Right vs. Left, Socioeconomic, Unemployment | Tagged , , | Leave a comment

“The Obama Curve”…

“The Obama Curve”

Okay, so can we finally acknowledge what the job numbers really and truly are? Of the 800 thousand plus households polled in the so-called “family survey”, most are underemployed. This means they have taken any part-time work out there to pay the bills. This also mean that folks with once sought after qualifications are helplessly adrift on the “Obama recovery” ocean. This brings me to my next point.

Every credible economist not on the Obama Campaign payroll will tell you, we must create North of 200,000 new full-time positions just to keep up with the rate of college graduation and population demographics. The U.S. economy created less than 120,000 jobs last month, and has been right around that number consistently for months now. This brings me to my last and probably most sobering stats.

More than 600,000 Americans who are able to work have simply given up and left the job market, lowering the percentage of labor force participation, an index measured by you guessed it, the federal government, from about 66.2 when President Obama took office to 63.6 percent now. When these hard figures are calculated back into the jobless numbers, which are actually a reflection of the “family survey”, the real unemployment numbers look more like about 13.9 percent.

So you tell me… Who is lying to who Mr. Axelrod??

Posted in "Patriot64", America, Campaign 2012, Class Warfare, Economy, Election 2012, Jobs, Politics, Right vs. Left, Socioeconomic, Unemployment | Tagged , , , | Leave a comment

Good news…

Still stinging from the Patriots embarrassing loss to the Giants Sunday night, I have decided to move past my disappointment with Mr. Brady for the moment and do some news.

The jobs report is on the tongues of every pundit out there, so I’ll throw in yet another two cents. Republicans are going to have to accept the reality that the latest jobs numbers are damn good news in some ways. If we analyze the Bureau of Labor Statistics numbers for the last quarter, and extrapolate out the trend going back to about the fall of 2009, we can clearly see some movement in the right direction in the areas of Science and technology, engineering, construction and services, to include a pretty good uptick in retail for fiscal 2010-2011. It is noteworthy that in a recovery that has muddled along at what can only be described as a snail’s pace, these types of “numbers inside the numbers” do show improvement. What I mean by this, is putting aside for a moment that the work force has shrunk considerably, and that 24 million Americans remain significantly “underemployed”, the U.S. economy is doing what the U.S. economy always and eventually does, rolling over and coming about, despite whatever Washington is doing to “muck it up”. Some of my readers may recall my writing on this very notion around the time of the great “stimulus debate”.

Appropriately however, I think the Republicans should do their own homework and not get caught bad mouthing any good we can take from very bad times. There is plenty to focus on in the areas of inflation, fuel costs, European financial chaos, our own debt here at home, and how these factors will inevitably impact future jobs reports. But the fact remains that many who have struggled to find work to feed their families and hold on to their homes have found it, and this is absolutely good news…

Posted in "Patriot64", America, Campaign 2012, Congress, Economy, Fred Comella, Jobs, Right vs. Left, Socioeconomic | Tagged | Leave a comment