BLS – Page 3 – The Burning Platform

WHAT DO WE DO NOW?

As this vitriolic, unpredictable, outrageously entertaining presidential campaign enters its final stages I find myself pondering what happens next. I was reminded of the last scene in the 1972 movie, The Candidate. The movie is about a young untested non-politician candidate for U.S. Senator in California who puts his fate in the hands of a veteran political operative and overcomes a double digit polling deficit to win a huge upset victory. His entire focus during the campaign was to win. In the final scene of the movie he is standing among the celebrating campaign staffers and the fawning press corp. with a befuddled look on his face. He grabs his political consultant campaign manager and pulls him into a room. As the press break into the room he asks, “What do we do now?” The question goes unanswered and the movie ends.

The chattering class on the boob tube is enthralled and aghast at every seizure, collapse, and deplorable comment by the two most disliked presidential candidates in U.S. history. The establishment and their corporate media mouthpieces are perplexed and irate that Donald Trump has overcome their propaganda campaign to be leading in the polls with 51 days to go. He is a non-politician who was behind by double digits in the polls a month ago. He hired professional political operatives who have molded his message, while his opponent has been lying about her health, lying about selling access while Secretary of State, and denigrating blue collar middle class Americans in campaign speeches. The momentum is clearly in his favor and absent a major gaffe during the debates he could win an unlikely come from behind victory in November.

Continue reading “WHAT DO WE DO NOW?”

THE ANTI-CINDERELLA MAN (PART TWO)

In Part One of this article I made a fact based case that most Americans are experiencing an economic depression on par with the Great Depression of the 1930’s. In Part Two I will compare and contrast two very different men who raised the spirits of the common man during difficult economic times. As we approach the perilous portion of this Fourth Turning, it will take more than hope to get us through to the other side.

Cinderella Man

Likening Braddock to Trump might seem far-fetched, until you think about parallels between the economic conditions during the 1930’s and today, along with the deepening mood of crisis, despair and anger at the establishment. Braddock’s career coincided with the last Fourth Turning. James J. Braddock was born in 1905, to Irish immigrant parents Joseph Braddock and Elizabeth O’Toole Braddock in a tiny apartment on West 48th Street in New York City. His life personified that of a GI Generation hero. One of seven children, Jimmy enjoyed playing marbles, baseball and hanging around the old swimming hole on the edge of the Hudson River as a youngster. He discovered his passion for boxing as a teenager.

Braddock refined his skills as an amateur fighter and in 1926 entered the professional boxing circuit in the light heavyweight division. Braddock overwhelmed the competition, knocking out multiple opponents in the early rounds of most fights. As a top light heavyweight, he stood over six feet two inches, but seldom weighed over 180 pounds. But his powerful right hand was no match for opponents that weighed close to 220 pounds. His star was ascending. He earned a shot at the title in 1929. On the evening of July 18th 1929, Braddock entered the ring at Yankee Stadium to face Tommy Loughran for the coveted light heavyweight championship. Loghran avoided Braddock’s deadly right hand for 15 rounds and won by decision. Less than two months later the stock market crashed and the country plunged into the Great Depression.

Continue reading “THE ANTI-CINDERELLA MAN (PART TWO)”

THE ANTI-CINDERELLA MAN (PART ONE)

There are several movies I will watch every time they are aired on one of my generally useless 600 cable channels. They all have the same thing in common – a compelling character portrayal which keeps you riveted and mesmerized by how the protagonist deals with adversity and circumstances beyond their control. The movies I can’t resist include: The Godfather I & II, The Green Mile, Shawshank Redemption, Apocalypse Now, and Patton. Another captivating movie, which didn’t do well at the box office, is Cinderella Man. The portrayal of Depression era heavyweight boxing champion James J. Braddock by Russell Crowe is inspirational, with a rousing and improbable victory by the champion of the common man. While watching this great movie a few weeks ago I found myself equating the themes to the current presidential campaign.

The Greater Depression

Braddock was an inspiration to all downtrodden demoralized Americans during the Great Depression. The parallels between the 1930’s Great Depression and today’s Greater Depression are uncanny, despite the propaganda emitted by the establishment politicians, media and banking cabal that all is well. The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930’s.

Continue reading “THE ANTI-CINDERELLA MAN (PART ONE)”

Actually, The US LOST 1,030 Million Jobs in July (Teachers’ Summer Break)

Guest Post by Anthony Sanders

To better understand the July Jobs report, one has to understand the seasonal adjustments that the Bureau of Labor Statistics employs.

Nonfarm payroll jobs added in July on a seasonally adjusted basis were +255,000 in July. But the raw or NON seasonally adjusted numbers were -1,030,000 jobs. Or 1.03 million jobs lost.

nfpnsasa

Notice in the above chart that you get big downward dips in the nonfarm payroll numbers in January and July. And it repeats every year. For January, this is the release of seasonal employment for the holidays. For July, this is the transformation to summertime employment, mostly for teachers. Local government education NSA fell by -1,093,000 in July. Total PRIVATE jobs added amounted to +85,000.

Continue reading “Actually, The US LOST 1,030 Million Jobs in July (Teachers’ Summer Break)”

SOME PERSPECTIVE ON THE “FANTASTIC” JOB NUMBERS

It certainly looks like the establishment is making an all-out push to get Crooked Hillary elected. The liberal, in the bag, mainstream media is hyperventilating at each faux pas supposedly being committed by Trump. The vitriolic attacks by faux journalists on the establishment propaganda media outlets is off the charts, as 90% of these worthless talking heads, bimbos and scribblers are Democrats.

Anyone with two brain cells knows the government (aka establishment) falsifies data to achieve their agenda. They manipulate, seasonally adjust, modify, and massage the data to achieve a happy ending for the people who pay their salary. Shockingly, with three months left before the election, the employment numbers are soaring, according to the numnuts at the BLS.

Does this awesome data pass the smell test? Let’s see. GDP has been growing at 1.2% for the last year, even using the manipulated inflation deflator. In reality, GDP is really negative. Announced layoffs by the biggest companies in the US, according to Challenger, Grey and Christmas were up 19% in July versus June. The very same government reporting 255,000 new jobs in July also had to report payroll withholding taxes, which can’t be faked easily. July receipts were down 1% versus last year. According to the BLS 2.7 million more Americans were employed this July versus last July. How could tax withholding receipts possibly fall? They couldn’t. Someone is lying.

Continue reading “SOME PERSPECTIVE ON THE “FANTASTIC” JOB NUMBERS”

Fed Cornered: Core CPI Jumps Near 4 Year Highs As Rent Rises At Fastest Rate In 9 Years

If the government is admitting inflation is running at a 4.8% rate over the last three months, then you can double that to get the real rate. With wages growing at 2.5%, do you understand why most of the country is pissed off as they become more impoverished every day?

When you see unemployment supposedly below 5%, unemployment claims at three decade lows, inflation running at 4.8%, corporate profits near record levels, Wall Street reporting billions in profits, and politicians expounding upon our resilient economy, why is Janet Yellen keeping rates at .25%?

If these economic figures were true, the Fed should have short term rates at 2% or higher.

Could it be the emergency level interest rates have nothing to do with the economy and everything to do with enriching her banker benefactors and the corporate establishment?

by Tyler Durden

Jul 15, 2016 8:59 AM

Twitter Facebook Reddit

Just as we warned, the gas price ‘base effect’ is pressuring consumer price indices higher (Energy +1.3% MoM – up for 3rd month in a row) but even Core CPI rose more than expected (+2.3% vs 2.2% exp) back near its highest since April 2012. Shelter costs rose 0.3% MoM (but 3.5% YoY – the highest since July 2007), along with increases in education, medical care, and airline fares also sent consumer prices broadly higher. Between surging PPI and this, The Fed is increasingly cornered (and as we nopted last night, running out of excuses).

“We’re starting to see upward pressure on the inflation numbers,” Jim O’Sullivan, chief U.S. economist at High Frequency Economics Ltd., said before the report. “It reinforces the case for the Fed to resume tightening, though they’re highly risk averse right now.”

Core Cpi back near cycle highs…

Continue reading “Fed Cornered: Core CPI Jumps Near 4 Year Highs As Rent Rises At Fastest Rate In 9 Years”

MORE BLS BULLSHIT

Here we go again. The MSM is screaming about the FANTASTIC job growth in June. They fail to mention the May numbers were reduced to 11,000 jobs. It’s likely the Verizon strike has screwed up their little seasonally adjusted data models they use to fake the monthly numbers.

How come the MSM isn’t reporting the Household Survey numbers? It seems they are in major disagreement with the Establishment Survey. The fake unemployment rate actually jumped from 4.7% to 4.9%. Let’s look at some facts from the Household Survey that are getting buried by the feckless mainstream media:

Only 67,000 more Americans were employed versus May. Slightly less than the 287,000 being reported by the MSM.
The number of unemployed SOARED by 347,000, as people previously classified as not in the labor force suddenly decided to join the labor force. I wonder why? I wonder when the other 94.5 million people not in the labor force will decide to join the labor force?
Our booming economy has created a grand total of 23,000 new jobs since January. WINNING!!!
There are currently 223,000 less people employed than there were in March. That’s certainly an inconvenient factoid.
The employment to population ratio has fallen for four straight months and at 59.6% is near three decade lows.
In the first six months of 2016, the good old birth death excel spreadsheet adjustment has added 509,000 phantom jobs from all the companies opening for business. There are more companies closing than opening, so this number is completely false and is likely NEGATIVE 500k or more.
If 287,000 jobs were added, indicating strong demand, why did wages rise a pitiful 0.1% and the workweek hours remained flat? Because the 287,000 is a made up lie by the BLS. Wages have risen by 2.6% in the last year, below the true rate of inflation. Shit jobs pay shit wages.

There is exactly four months left until the presidential election. Expect more “positive” economic reports as the establishment will lie, cheat, and fake the data to get Crooked Hillary elected. Anyone with two functioning brain cells can see with their own eyes we are in the midst of an ongoing recession. But there are tens of millions of zombies who are distracted by their iGadgets, twitter, instagram, facebook, and the various adventures of Hollywood stars and professional athletes to notice what the ruling class is doing.

So it goes.

Jobs Report Huge Miss at 38,000 Jobs Added, Shrinking Workweek, Stagnant Real Wages

Guest Post by Jesse

“This election was lost four and five and six years ago and not this year. They didn’t start thinking of the poor old common fellow until they started out on the election tour.

The money was all appropriated for the top in the hopes that it would trickle down to the needy. Mr. Hoover was an engineer. He knew that water trickled down. Put it uphill and let it go and it will reach the driest little spot.

But he didn’t know that money trickled up. Give it to the people at the bottom and the people at the top will have it before night anyhow. But it will at least have passed through some poor fellow’s hands.

They saved the big banks, but the little ones went up the flue.”

Will Rogers, 5 December 1932

I said yesterday that ‘I have a hunch that gold and silver are being capped here for a reason. Maybe. It’s hard to tell with the non-linear Fed.’

And today I think that things are becoming clearer, as suspected. The Fed needs to raise rates to cool down the economy, in a pig’s eye. They want to raise rates for their own policy purposes, so they can lower them again when their latest paper asset bubble fails.

The common person may not understand all this, and the lessons from history. But the ‘experts’ most certainly should understand them, and quite frankly they do. They may not say so, they may never admit it, they may let themselves be convinced, and even convince themselves and quiet the nagging doubts, but at the end of the day they know exactly what they are doing, what they are abiding, what they are enabling if only by their silent acquiescence.

Continue reading “Jobs Report Huge Miss at 38,000 Jobs Added, Shrinking Workweek, Stagnant Real Wages”

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%

Continue reading “FUNNIEST BLS REPORT EVER”

HARD TIMES & FALSE NARRATIVES

The mainstream media mouthpieces for the establishment peddle false narratives, disingenuous storylines, and outright propaganda to keep the ignorant masses confused, oblivious to reality, misinformed, and passively submissive to the opinions of highly paid “experts” and captured fiscal authorities. The existing social order likes things just as they are.

They reap ill-gotten riches, wield unchecked power, and control the minds of the masses. They are the invisible government consciously manipulating the minds, habits and opinions of the multitudes in order to dominate society, control the levers of government, and accumulate obscene levels of wealth through manipulation of the currency and domination of the banking and corporate interests.

One of the false narratives being flogged by the establishment propaganda peddlers is the mass retirement of Baby Boomers causing the plunge in the employment to population rate from 64.4% in 2000 to 59.7% today. They need to peddle this drivel, because the difference between these two rates amounts to 12 million missing jobs. The employment to population ratio is currently at 1984 levels. Any critical thinking person with basic math skills realizes the government reported unemployment rate of 5% is an Orwellian farce.

Continue reading “HARD TIMES & FALSE NARRATIVES”

Consumer Prices Jump Most In Over 3 Years Amid Rising Gasoline, Rent Inflation

Even the liars at the BLS can’t cover-up the raging inflation in gasoline, natural gas, rent, medical expenses, and food. I thought Janet was waiting for a little inflation before raising rates. I guess she’ll need a new excuse not to raise rates as the CPI is rising at an annualized rate of 4.8% according to the bullshit artists at the BLS. It’s over 10% for people living in the real world.

Submitted by Tyler Durden on 05/17/2016 08:41 -0400

Headline CPI rose 0.4% MoM (above +0.3% exp) for the biggest jump since Feb 2013 but sadly at the same time, price-adjusted hourly wages slid 0.1% in April.

Following a small drop in March, from 8 year highs, Core (ex food and energy) Consumer Prices rose 2.1% YoY (as expected) abesent the effect of Gasoline’s huge 8.1% MoM surge.

Of course this is probably transitory but we note that rent inflation remains at 3.7% YoY – its highest since 2008 and definitively not transitory.

Continue reading “Consumer Prices Jump Most In Over 3 Years Amid Rising Gasoline, Rent Inflation”

LIES, LIES AND OMG, MORE LIES

It’s that time of year again. It’s open enrollment for health plans at my employer. They are biggest employer in Philly and have the most leverage possible with the insurance companies. They have such good leverage that my premiums are going up “only” 9.8% this year for a basic HMO plan. Based on what I hear from others, I should be thankful for just a 9.8% increase.

This isn’t a new development. Since I’ve been tracking all my expenditures using Quicken since 1991, I know exactly what my annual health insurance costs have been every year. Obamacare was passed in 2009 and began to be implemented in 2010. Obama declared that families could expect $2,500 of savings per year. I know for a fact my annual medical expenses were $2,000 higher in 2015 than they were in 2010.

Continue reading “LIES, LIES AND OMG, MORE LIES”