Record 95,102,000 Americans not in labor force; unemployment

Record 95,102,000 Americans not in labor force; unemployment

Postby admin » Sun Jan 29, 2017 7:41 pm

Record 95,102,000 Americans not in labor force; unemployment rate more like 30%. The reality of the unemployment situation inside the U.S. is much grimmer than any politician or bureaucrat would ever want to admit.
by Joseph Jankowski
January 8, 2017

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The “official” unemployment rate (U3) released each month is, to put it in the most straight-forward way possible, a completely misleading and politicized statistic.

The U3 unemployment rate, which is one of 6 ways the U.S. Bureau of Labor Statistics calculates the amount of people out of work, is defined as the “total unemployed, as a percent of the civilian labor force.”

This is the 4.7% number which came out today and the statistic that soon-to-be former President Barrack Obama has boasted so proudly over.

You remember this, right? …

Obama: “I took an economy that was about to go into a Great Depression, and we’ve now had a little over six years of straight economic job growth, an unemployment rate that’s down below 5 percent, and incomes that have gone up and poverty that has gone down.”


Well, today we found out that a record number of Americans are not in the labor force and are not even looking for a job, the same way it was when Obama first stepped into office.

The final jobs report of Obama’s presidency revealed that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009.

In December, according to the Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November.

Hmmm…

They said the unemployment rate was 4.7%! How can that be! The U.S. population is only about 325,340,300 people!

As explained above, the “official” number only calculates the number of unemployed persons as a percent of the civilian labor force.

So, let’s now take the amount of folks who are not in the labor force and get the percentage of the population that this group accounts for. (I’ll use a calculator just so I know Obama never lied to me!)

95102000 is what % of 325340300?
Calculate
Answer:
29.23%


*GASP

The reality of the unemployment situation inside the U.S. is much grimmer than any politician or bureaucrat would ever want to admit.

And just to highlight how bad the situation is, those people counted as “not in the labor force” qualify to be a part of that statistic because they are no longer looking for work.

It is unrevealing statistics like the U3 unemployment rate that allows politicians to grandstand and pose as your leader.
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Re: Record 95,102,000 Americans not in labor force; unemploy

Postby admin » Sun Jan 29, 2017 7:46 pm

Enormous, humongous November trade deficit drags economy down. History shows that a country that for decades sells off its manufacturing ecosystem lays off millions and keeps wages stagnant for the rest ends up with a Trump finger on the nuclear button.
by Dave Johnson
January 8, 2017

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The U.S. Census Bureau reported Friday that the November trade deficit was $45.2 billion. This is up $2.9 billion from a revised $42.4 billion in October.

Exports fell 0.2% to $185.5 billion from the prior month while imports climbed 1.1% to $321.1 billion.

The trade deficit in goods increased $3.4 billion to $66.6 billion.

Again, these enormous, humongous trade losses were in a single month.

According to a Wall Street Journal report on the November trade deficit,

The U.S. trade deficit widened again in November, creating a likely drag on overall economic growth as the year ended.

[. . .] Forecasting firm Macroeconomic Advisers on Wednesday said it expects GDP to expand at a 2.2% pace to end the year, a marked slowdown from the third quarter.


An analysis from the Coalition for a Prosperous America (CPA), CPA Economic Analysis: International Trade Has Depressed U.S. Economy Since 1982, explains how trade deficits resulting from Wall Street’s “free trade” ideology has been dragging down our economy,

A careful look at one of the Obama Administration’s best-known economic documents in favor of free trade is revealing: the study that the Administration claims supports free trade actually found that since 1982 the impact of free trade on the U.S. economy was negative, not positive. Free trade has actually reduced economic growth since 1982!

… Productivity gains between 1982 and 2002, according to their own data (see Table 2.4, pg. 82 of their study) were exactly zero. Well not exactly. In fact, productivity gains delivered between 1947 and 1982 totaled $634 billion. Productivity gains between 1982 and 2002 totaled negative $1 billion.

[. . .] A trade deficit indicates that U.S. consumers and businesses are buying more goods and services from abroad than foreigners are buying here. That has a contractionary effect on the economy because it reduces demand for American products, GDP and employment. The U.S. has been running a growing trade deficit since 1975, which reached $531 billion last year.

The second is the unemployment created by the negative impact of trade policy on certain industries. Economists have shown that many workers made unemployed by import competition often don’t find new jobs for many years, and some never do.


Economists use a lot of words to explain that buying more than you sell is bad for your long-term prospects. It might be great for a few “investors” at the top – for a while – but history shows that a country that for decades sells off its manufacturing ecosystem, devastates communities like Detroit and entire regions like the “rust belt,” lays off millions and keeps wages stagnant for the rest ends up with a Trump finger on the nuclear button.
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