The MSM will be crowing about unemployment claims falling this week, even though the more important 4 week moving average went up. But that isn’t the story. They don’t want to let you know the story. The chart below reveals the truth. One year ago 3.7 million people were receiving emergency or extended benefits – also known as the 99 week club. Today, there are only 2.5 million receiving emergency or extended benefits. That means that 1.2 million people have fallen off the unemployment train in the last 12 months. Most of them did not get jobs. Many are realizing they are suddenly disabled after watching a “How to get on SSDI” commercial on their 72 inch HDTV.
The fact is that these people were getting checks of between $300 and $400 per week and now they’re not. They were spending this money and artificially propping up retail sales. There has been $22 billion of spending knocked out of the economy with their departure from the unemployment rolls. Now you know why McDonalds had its first decrease in sales since 2003 last month. When you remove the artificial stimulus from the economy, you see the truth. And it ain’t pretty.
I wonder where all those people are being classified by Obama and the BLS?
FBD says:
Eventually you will see this MSM headline —- “Great News!! NO new unemployment claims were filed this week!!!”
The bad news? That’s because the entire country is now unemployed.
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9th August 2012 at 10:32 am
Nonanonymous says:
There is an inverse relationship between the decrease in the unemployment rate and the SSI rate, allowing for new unemployment claims.
Unsustainable? Nah!
The employment rate is the only one that matters, unless you’re a socialist, which at last check, we are.
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9th August 2012 at 11:28 am
J. Thomas says:
How long does it take to make a decision. I applied June 4 and keep waiting for a decision. I hve been told that an email would be sent to a supervisor to expedite a decision on my claim. Still nothing
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9th August 2012 at 11:32 am
AWD says:
Thank God more people are getting on disability than are getting jobs. Otherwise Obama might not get another 4 year pass.
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9th August 2012 at 12:09 pm
THE REAL UNEMPLOYMENT PICTURE » Bullion Insiders says:
[...] The Burning Platform Be Sociable, Share! Tweet by chowwg Posted on August 10, 2012 This entry was posted [...]
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9th August 2012 at 12:11 pm
Colma Rising says:
“Now you know why McDonalds had its first decrease in sales since 2003 last month.”
-Administrator
Sorry McStockholders…. Your sausage biscuit while still yummy has lost its magic since I stopped getting shit-faced. That was all me.
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9th August 2012 at 12:22 pm
Runald McDungald says:
“McDonalds had its first decrease in sales since 2003 last month”
See what happens when fast food starts selling healthy salads?
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9th August 2012 at 12:24 pm
Jimi d says:
I have been alive 53 years now. I have lived through the ‘recession of the 1990′s that did not exist’ and that destroyed my own finances and caused me to lose my familie home – all because of the ‘RTC’ ( Solving the crises, restoring the TRUST). In the 1974 gas crises I have, as a 14 year old child had to steal diesel fuel with my younger brothers to pour into our home heating oil tank in order keep my family from sleeping in the cold, and I stole gasoline so my mom and dad to get to work to keep us fed. I cannot be fooled by the shit bag fraudulent government statistics any more. For I am a REAL PERSON LIVING OUT HERE IN THE REAL WORLD AND I SEE WHAT IS REALLY GOING ON. !
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9th August 2012 at 12:36 pm
Chatham Police says:
Jimi d, do you live in New Jersey? If so, we will be paying you a visit soon. There is no statute of limitations on Gas Theft in our great state.
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9th August 2012 at 12:40 pm
Chattam Chief of Police says:
Dear Mr. Administrator,
Please rat out Jimi d like you did that rat-bastard, Stucky. We want his IP Address and phone number immediately.
Your cooperation is expected and appreciated.
Joey “Big Dog” Gambini
Chattham Chief of Police
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9th August 2012 at 12:56 pm
Persnickety says:
@Gambini: you need to learn how to spell your town’s name first. Is it Chattam, like in your username? Or Chattham, like you signed the message? Or Chatham, like one might find on a map? Inquiring minds want to know!
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9th August 2012 at 1:36 pm
Administrator says:
Chattam Chief of Police
I ratted out StuckinNJ because he was a known terrorist and a danger to me and the general public. Did you know he once threatened to come to my house and beat me up because I posted pictures of dead Muslim babies? He was truly a menace. Thank you for hunting him down like the mangy cur he was and throwing him into prison without charges.
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9th August 2012 at 2:00 pm
Zarathustra says:
I ratted out Stucky cause he was stalking me. I kind of regret it now after seeing his sexy moobs.
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9th August 2012 at 3:08 pm
THE REAL UNEMPLOYMENT PICTURE « Silver For The People – The Blog says:
[...] google_color_bg = ""; google_color_text = ""; google_color_url = ""; google_ui_features = "rc:0"; theburningplatform.com / By Jim Quinn / August 9, 2012The MSM will be crowing about unemployment claims falling this week, [...]
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9th August 2012 at 6:22 pm
KaD says:
It’s so bad people are dying for work: http://www.zerohedge.com/news/occuping-wall-street-dying-work
Imagine you are driving to work this morning in Las Vegas (yes, you are one of the select few locals who has a job that does not involve relying on the strip’s ever declining gambling revenues or flipping a house to John Paulson in the second, and far shorter, coming of the regional housing bubble, with poppage imminent), and you observe what appears to be a man who hung himself below a billboard saying “Dying for Work.”
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9th August 2012 at 7:47 pm
On the Road Again says:
FBD, Chatham Police, and Chatham Chief of Police eat shit.
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9th August 2012 at 12:19 am
Jimi d says:
Yeh, like “On the Road Again” said – eat shit Chattham police Chief and mind your own business! I am sure there are plenty of thieves in Newark to chase down – you needn’t worry yourself with a little gasoline and diesel from forty years ago. I do not live in the state of N.J., never did and don’t ever intend to.
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9th August 2012 at 6:42 am
Jimi d says:
In addition Mr. Chattham police chief – Having referred to yourself as “BIG DOG” tells me all that I need to know about your personality type.
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9th August 2012 at 6:45 am