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Continue reading “America’s Disappearing Workforce”
Tag: labor force participation rate
FUNNIEST BLS REPORT EVER
Only a captured government drone could put out a report showing only 38,000 new jobs created, with the working age population rising by 205,000, and have the balls to report the unemployment rate plunged from 5.0% to 4.7%, the lowest since August 2007. If you ever needed proof these worthless bureaucrats are nothing more than propaganda peddlers for the establishment, this report is it. The two previous months were revised significantly downward in the fine print of the press release.
It is absolutely mind boggling that these government pond scum hacks can get away with reporting that 484,000 people who WERE unemployed last month are no longer unemployed this month. Life is so fucking good in this country, they all just decided to kick back and leave the labor force. Maybe they all won the Powerball lottery. How many people do you know who can afford to just leave the workforce and live off their vast savings?
In addition, 180,000 more Americans left the workforce, bringing the total to a record 94.7 million Americans not in the labor force. The corporate MSM will roll out the usual “experts” to blather about the retirement of Baby Boomers as the false narrative to deflect blame from Obama and his minions. The absolute absurdity of the data heaped upon the ignorant masses is clearly evident in the data over the last three months. Here is government idiocracy at its finest:
Number of working age Americans added since March – 406,000
Number of employed Americans since March – NEGATIVE 290,000
Number of Americans who have supposedly voluntarily left the workforce – 1,226,000
Unemployment rate – FELL from 5.0% to 4.7%
FOURTH TURNING – SOCIAL & CULTURAL DISTRESS DIVIDING THE NATION
I wrote the first three parts of this article back in September and planned to finish it in early October, but life intervened and truthfully I don’t think I was ready to confront how bad things will likely get as this Fourth Turning moves into the violent, chaotic war stage just over the horizon. The developments in the Middle East, Europe, U.S., China and across the globe in the last months have confirmed my belief war drums are beating louder, global war beckons, and much bloodshed will be the result. Fourth Turnings proceed at their own pace within the 20 to 25 year crisis framework, but there is one guarantee – they never de-intensify as they progress. Just as Winter gets colder, stormier and more bitter as you proceed from December through February, Fourth Turnings get nastier, grimmer, more perilous, with our way of life hanging in the balance.
In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I focused on the economic channel of distress which is likely to be the primary driving force in the next phase of this Crisis. In Part 4 I will assess the social and cultural channels of distress dividing the nation, Part 5 the technological, ecological, political, military channels of distress likely to burst forth with the molten ingredients of this Fourth Turning, and finally in Part 6 our rendezvous with destiny, with potential climaxes to this Winter of our discontent.
The road ahead will be distressful for everyone living in the U.S., as we experience the horrors of war, economic collapse, civil chaos, political upheaval, and the tearing of society’s social fabric. The pain and suffering being experienced across the globe today will not bypass the people of the United States. Winter has arrived and lethal storms are gathering in the distance. Don’t think you can escape. You can prepare, but this Crisis will reshape our society for better or worse, and you cannot sidestep the consequences or cruel environment we must survive.
Continue reading “FOURTH TURNING – SOCIAL & CULTURAL DISTRESS DIVIDING THE NATION”
FOURTH TURNING: CRISIS OF TRUST – PART 3
In Part 1 of this article I discussed the catalyst spark which ignited this Fourth Turning and the seemingly delayed regeneracy. In Part 2 I pondered possible Grey Champion prophet generation leaders who could arise during the regeneracy. In Part 3 I will focus on the economic channel of distress which is likely to be the primary driving force in the next phase of this Crisis.
There are very few people left on this earth who lived through the last Fourth Turning (1929 – 1946). The passing of older generations is a key component in the recurring cycles which propel the world through the seemingly chaotic episodes that paint portraits on the canvas of history. The current alignment of generations is driving this Crisis and will continue to give impetus to the future direction of this Fourth Turning. The alignment during a Fourth Turning is always the same: Old Artists (Silent) die, Prophets (Boomers) enter elderhood, Nomads (Gen X) enter midlife, Heroes (Millennials) enter young adulthood—and a new generation of child Artists (Gen Y) is born. This is an era in which America’s institutional life is torn down and rebuilt from the ground up—always in response to a perceived threat to the nation’s very survival.
For those who understand the theory, there is the potential for impatience and anticipating dire circumstances before the mood of the country turns in response to the 2nd or 3rd perilous incident after the initial catalyst. Neil Howe anticipates the climax of this Crisis arriving in the 2022 to 2025 time frame, with the final resolution happening between 2026 and 2029. Any acceleration in these time frames would likely be catastrophic, bloody, and possibly tragic for mankind. As presented by Strauss and Howe, this Crisis will continue to be driven by the core elements of debt, civic decay, and global disorder, with the volcanic eruption traveling along channels of distress and aggravating problems ignored, neglected, or denied for the last thirty years. Let’s examine the channels of distress which will surely sway the direction of this Crisis.
Channels of Distress
“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability – problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe
ANOTHER HYSTERICALLY FALSE BLS UNEMPLOYMENT REPORT
It’s that time of the month again, where the Bureau of Lies and Scams issues their latest manipulated, massaged, and falsified unemployment data to the willfully ignorant masses. The MSM will unquestioningly regurgitate the lies with breathless enthusiasm. The Wall Street hucksters will interpret any data as positive for the stock market.
The two headlines flashing across TV screens and websites are diametrically opposed, but none of the talking heads will reveal they can’t both be true. Here are the two headlines from Marketwatch:
U.S. economy adds 173,000 jobs in August
Unemployment rate falls to 5.1%
It is too bad that most Americans are so preoccupied with the latest App on their iGadget, frantically finalizing their fantasy football roster, or so dumbed down by our so called public education system, they have absolutely no clue that it is mathematically impossible for the REAL unemployment rate to fall when only 173,000 jobs are added. The only way this can happen is if the BLS blatantly lies and tells you that hundreds of thousands of working age Americans again decided their lives were so fulfilled and finances so solid, that they don’t want to work anymore. As we all know, this is complete and utter bullshit.
U.S. politicians and government apparatchiks are following the advice of Jean-Claude Juncker:
“When it becomes serious, you have to lie.”
Let’s dig into the BLS reported bullshit and extract some facts which will obliterate the government reported lies:
Continue reading “ANOTHER HYSTERICALLY FALSE BLS UNEMPLOYMENT REPORT”
MAN’S WORLD?
Men are too busy getting in touch with themselves, walking around in red high heels to support feminist agendas, and feeling guilty about their masculinity, to work. Women Power!!!!
Chart Of The Day: The Relentless 65-Year Decline In The Labor Force Participation Of Men
There are powerful domestic and international economic forces and welfare state policy impacts—-such as the huge increase in Social Security disability and food stamp recipients—– that are roiling labor force participation rates and weakening labor hours utilized and labor productivity. Yet the Fed is led by a clueless, paint-by-the-numbers Keynesian “conomist” who is trapped in a 1960s “full-employment” time warp.
Did she notice this over the last several decades?
Who needs to work when women have it under control? Men can just sit in the back of the boat, have a smoke, and let the wenches do the rowing. I can’t wait for Queen Hillary to ascend the throne. This chart will need to have a much lower scale.
SOMETHING WICKED THIS WAY COMES
Initial jobless claims are near record lows. The last time they were this low was in early 2000, just before the market meltdown/recession. They were almost this low in 2007, just prior to the last market meltdown/recession. They were almost this low in 1989 before a market sell-off/recession. A critical thinking person might ask how we could have so few jobless claims when GDP is negative.
A critical thinking person might ask how reported layoffs by major corporations could be at a four year high, but jobless claims are at record lows. Someone must be lying or the dramatically higher layoffs in the first four months of 2015 versus the first four months of 2014 haven’t filtered through to the made up government reports. Here are the facts from Challenger & Gray:
Falling oil prices contributed to a 68 percent surge in job cuts last month, as US-based employers announced workforce reductions totaling 61,582 in April, up from 36,594 in March, according to the latest report on monthly layoffs released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The April total was 53 percent higher than the same month a year ago, when 40,298 planned job cuts were recorded. It represents the highest monthly total since May 2012 (61,887) and the highest April total since 2009 (132,590). Year to date, employers have announced 201,796 planned job cuts, which marks a 25 percent increase from the 161,639 layoffs tracked in the first four months of 2014. This is the largest four-month total since 2010.
BREAKING BAD (DEBT) – EPISODE TWO
‘If you’re committed enough, you can make any story work. I once told a woman I was Kevin Costner, and it worked because I believed it’ – Saul Goodman – Breaking Bad
“As calamitous as the sub-prime blowup seems, it is only the beginning. The credit bubble spawned abuses throughout the system. Sub-prime lending just happened to be the most egregious of the lot, and thus the first to have the cockroaches scurrying out in plain view. The housing market will collapse. New-home construction will collapse. Consumer pocketbooks will be pinched. The consumer spending binge will be over. The U.S. economy will enter a recession.” – Eric Sprott – 2007
In Part One of this article I provided the background of how our current debt saturated economy got to this point of ludicrousness. The “crazy” bloggers, prophets of doom, and analysts who could do basic math were warning of an impending financial crisis in 2006 and 2007, which would be caused by the issuance of hundreds of billions in subprime slime by the Too Big To Trust Wall Street shysters. Subprime mortgages, auto loans, and credit card lines provided the kindling for the 2008 conflagration.
Under normal circumstances we wouldn’t have seen such irrational, reckless, greedy behavior from Wall Street for another generation. But, Wall Street didn’t have to accept the consequences of their actions. They were bailed out and further enriched by their puppets at the Federal Reserve, the lackey politicians they installed in Washington D.C., and on the backs of honest, hard-working, tax paying Americans. The lesson they learned was they could continue to take excessive, reckless, unregulated risks without concern for losses, downside, or consequences.
In reality, the Fed and government have worked in tandem with Wall Street to create the subprime economic recovery. The scheme has been to revive the bailed out auto industry by artificially boosting sales through dodgy, low interest, extended term debt. With the Feds taking over the entire student loan market, they have doled out hundreds of billions to kids who don’t have the educational skills to succeed in college, in order to keep them out of the unemployment calculation.
That’s why you have a 5.7% unemployment rate when 41% of the working age population (102 million people) is not working. The appearance of economic recovery has been much more important to the ruling class than an actual economic recovery for average Americans, because the .1% have made out like bandits anyway. Who has benefited from the $650 billion of student loan and auto debt disseminated by the oligarchs in the last four years, the borrowers or lenders?
THERE GOES THE JOBS RECOVERY STORYLINE
The Wall Street jackoffs all expected an increase in jobs of 200,000 to 250,000 for August. I guess being off by 30% to 40% is considered accurate for an Ivy League educated economist making over $1 million per year. The manipulated, massaged, seasonally adjusted, excel spreadsheet employment data has been released for public consumption by our keepers. They will now tell you what you are supposed to believe regarding the fake numbers. Maybe the weather was too warm for hiring. Maybe it rained or didn’t rain. Maybe ISIS and the looming threat of terrorist attack is deterring employers from hiring. It couldn’t have anything to do with Obamacare, Federal Reserve policies, government regulations and taxes, or the fact that families have 40% less net worth today than they had in 2007.
It’s actually far worse than the reported headline. One survey says 142,000 jobs were added. Of course the BLS excel spreadsheet birth/death adjustment added 102,000 jobs to the calculation, the highest adjustment for August in history. We all know small businesses are hiring like mad before full implementation of Obamacare after the elections. The broader population survey shows that only 16,000 more people were employed in August than in July. The MSM is silent about that number. The sheep must be kept sedated.
And now for the best part. While reporting horrifically bad employment numbers, our beloved BLS drones also reported the unemployment rate dropping to 6.1%, the lowest rate in six years. Glory be!!! The economy must be booming and workers must be so ecstatic they are spending like there’s no tomorrow. What? Retail sales have been declining? How can this be? It sure smells like someone took a shit under the bed and won’t admit it. But let’s ignore the cognitive dissonance you are feeling and dig into the bullshit BLS numbers to get a few kernels of truth:
- The labor force participation rate fell to its 36 year low of 62.8%. There are 248.2 million working age Americans and only 146.4 million of them are employed. What are the other 101.8 million working age Americans doing? The labor participation rate in 2007 was over 66%. It was 67% in 2000.
- Here is a Common Core Math question for you. If the number of working age Americans goes up by 206,000 and the number of employed Americans only goes up by 16,000, how could the unemployment rate FALL from 6.2% to 6.1%? I know. That’s a real puzzler unless you can learn to think like a government lackey or a politician. You see, according to the BLS, in the midst of a supposed economic recovery, 268,000 Americans just willingly decided to leave the workforce because they no longer need a job. There are now 92.3 million people who are so financially well off that they have left the workforce and do not want a job. The laughability of these figures is off the fucking charts.
- Since the start of Obama’s economic recovery 6.5 million Americans have found jobs (mostly part-time and shitty service jobs), while over 10 million have left the workforce. Presto!!!! – an unemployment rate plunging from 10% to 6%. I love government math. I wish I could use it in my everyday life. I’d be a multi-millionaire without working.
To show you how warped and fucked up our economic system has become, as soon as the terrible employment numbers were released the stock market futures rallied. The greedy fucks and their HFT supercomputers feed off the carcasses of the middle class like vultures. We are living in an era of storylines. The Deep State attempts to paint the rosiest picture, while real people in the real world become more impoverished by the day. Every storyline is crushed by reality. It wasn’t the weather. There is no jobs recovery. There is no real GDP growth. QE and ZIRP have not benefited you or anyone not in the top .1%. Everything you are told by the government, Wall Street or the MSM is a lie. Will the sheep ever revolt? I don’t think so. The iPhone 6 is coming out next week and the NFL season kicked off last night. How about them Seahawks?
We’re doomed.