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US LOST 2 MILLION WORKERS IN 2013
Breitbart ^ | Jan 10, 2014 | By Mike Flynn

Posted on 01/10/2014 12:54:38 PM PST by Jim Robinson

Friday's December jobs report was a major disappointment, showing the economy gained just 74k jobs last month. Economists had expected the economy to gain around 200k jobs. The unemployment rate, however, dropped to 6.7% as 347k frustrated job-seekers gave up and left the labor force. We are in an upside-down world where a drop in the unemployment rate is a bad sign for the economy.

The overall labor force shrunk dramatically last year. In December 2012, 155.4 million workers had a job or were actively looking for one. Last month, though, 154.9 million were in the labor force, a drop of over 500k Americans.

It is important to remember that the population grew last year. The US adult population grew by around 2.5 million people. If the labor force were the same percentage of the adult population as last year, 2 million more adults would have jobs or be actively looking for employment. Their disappearance is a drag on the economy.

(Excerpt) Read more at breitbart.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 0homocare; bhoeconomy; corruption; fraud; homoelectus; jobs; laborforce; layoffs; maybealittlebloooooo; obama; obamacare; obamalies; obamanomics; socialism; teacher; unemployment
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1 posted on 01/10/2014 12:54:38 PM PST by Jim Robinson
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To: Jim Robinson

Who cares? Breads and circuses for all!!

(/sarcasm)


2 posted on 01/10/2014 12:56:37 PM PST by TomServo
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To: Jim Robinson
“Did I do that?”

~Obama

3 posted on 01/10/2014 12:57:53 PM PST by PATRIOT1876
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To: Jim Robinson

Well, we’re about to get 50 million from you-know-where.


4 posted on 01/10/2014 12:58:09 PM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: Jim Robinson

The economic headwinds of previous years formed this winter’s Polar Vortex, don’t you know.......


5 posted on 01/10/2014 12:58:40 PM PST by edpc (Wilby 2016)
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To: Jim Robinson

Well then, let’s get that Amnesty passed!! /s


6 posted on 01/10/2014 12:59:08 PM PST by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: Jim Robinson

Looks like the Marxist/Socialist 0bama hasn’t run out of other peoples money yet but it’s getting close.


7 posted on 01/10/2014 12:59:55 PM PST by jazusamo ([Obama] A Truly Great Phony -- Thomas Sowell http://www.freerepublic.com/focus/news/3058949/posts)
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To: Jim Robinson
Nobody lost 2 million workers. The Obama regime simply airbrushed them away.

Report after report has told us how housing is picking up, the economy is growing and things are finally getting on track, and yet Obama is forced to extend unemployment benefits. Why? The number of people on welfare programs and disability are at an all-time national high. Why?

All around us, anecdotally, we continue to see the result of a bad economy, but the unemployment is magically down to 6.7%!

No, these people were not lost, Obama simply had no more use for them politically and it was expedient to airbrush them out of the official statistics.

8 posted on 01/10/2014 1:00:47 PM PST by Obadiah (I Like Ted.)
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To: Jim Robinson

I wonder who will get the first platinum EBT card for life?


9 posted on 01/10/2014 1:02:56 PM PST by Dr. Ursus
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To: Jim Robinson

I don’t think any of us doubt the fact that O came to destroy America through finances, jobs, and to create a ‘single payer system’ through Obama care.

I doubt the left ever intended the website to work right, it’s a great reason to move to single payer system in their minds, as Harry Reid said they would.

The jobs reports are so bogus in how they are created by gov’t ignoring those no longer collecting unemployment and those taking part time jobs that had full time jobs, etc.

Sad our country is being destroyed daily by the enemy within, while they lie about it.

Thank you Mr. Robinson for FR.


10 posted on 01/10/2014 1:03:20 PM PST by Kackikat
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To: Jim Robinson

They were lost in the Obama triangle.


11 posted on 01/10/2014 1:05:33 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Jim Robinson

With any skill, this year will mark the end of Obama’s senate control.


12 posted on 01/10/2014 1:06:08 PM PST by Viennacon
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To: Jim Robinson
Raise the import tariffs and offset it with income tax reductions. The stores are full of Chinese made stuff while Americans sit unemployed. This would:
13 posted on 01/10/2014 1:08:41 PM PST by DannyTN (A>)
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To: Dr. Ursus

Some already have. It is not intended to be, but when Jamal murders Shaquinta her EBT card becomes lifelong.


14 posted on 01/10/2014 1:10:28 PM PST by 17th Miss Regt
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To: DannyTN
Not a good idea. Read up on the Smoot-Hawley Tariff and how that made the depths of the Great Depression worse.

I'd rather have streamlined business regulations and a much simpler, more business-friendly tax code to really stimulate real business growth in the USA. In effect, make American businesses way more competitive in the export market.

15 posted on 01/10/2014 1:12:10 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: Viennacon
With any skill, this year will mark the end of Obama’s senate control

Where do you think that Obamacare money went?

To Democrats. To 2014. For elections.

Uncontested voter fraud and 500million dollars means the Republicans will be wiped out in 2014.

16 posted on 01/10/2014 1:14:54 PM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: RayChuang88

Smoot Hawley wasn’t passed until 2 years into the Great Depression.

And at that time imports were only equal to 5% of GNP. There is no way that tariffs caused or even contributed greatly to the Great Depression.

Today, imports are equal to 16% of GNP and 23% of Americans are unemployed.


17 posted on 01/10/2014 1:17:42 PM PST by DannyTN (A>)
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To: Jim Robinson

Alien abductions


18 posted on 01/10/2014 1:18:50 PM PST by FreeAtlanta (Liberty or Big Government - you can't have both.)
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To: FReepers

Click The Pic To Donate

Support FR, Be A Building Block

19 posted on 01/10/2014 1:21:32 PM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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That’s right. It’s the employment numbers that matter.

The MSM is the greatest threat to the Country!


20 posted on 01/10/2014 1:26:03 PM PST by Gene Eric (Don't be a statist!)
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To: Dr. Ursus

Membership has its rewards.


21 posted on 01/10/2014 1:26:56 PM PST by cornfedcowboy
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To: Jim Robinson
During the last recession (which was short) the media flogged "jobless recovery" even into the time when the economy was growing vigorously.

This time, we really do have a jobless recovery, if you can call this miserable economy a recovery, and I don't recall seeing the phrase once in the media.

22 posted on 01/10/2014 1:27:28 PM PST by colorado tanker
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To: Jim Robinson

Bush’s Fault! [/sarc]


23 posted on 01/10/2014 1:29:36 PM PST by Repeal 16-17 (Let me know when the Shooting starts.)
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To: colorado tanker

There is no recovery. Just the fed propping up the markets with counterfeit money trying to prevent total collapse on Obama’s Marxist watch. The bill will come due in full when the phony money bubble inevitably bursts.


24 posted on 01/10/2014 1:33:37 PM PST by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: cripplecreek

Good one...


25 posted on 01/10/2014 1:33:57 PM PST by DoughtyOne (ZERO is still zero, and John Kerry is a mock-puppet!)
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To: Jim Robinson

Whoopee!! Summer of Recovery IV!!

Biden’s three-letter word - “JOBS”!!

What’s Jay-Z and Beyonce say? That’s what’s important.

Even some idiot Obama voters have to be getting smacked in the face with this crashing economy.

Not that I expect many to wake up, mind you....


26 posted on 01/10/2014 1:39:00 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: RayChuang88; DannyTN
"Not a good idea. Read up on the Smoot-Hawley Tariff and how that made the depths of the Great Depression worse."

But don't read from the last ten years of rhetoric vomited by opinion columnists sponsored by the most influential constituents (those who also sponsor the media). Start here for some facts.

President Hoover signed the Smoot-Hawley Bill in June of 1930. Investments and GDP were declining steeply before Smoot-Hawley passed. GDP increased in 1934, while Smoot-Hawley was still in effect.

Not only was Hoover a Republican, but Smoot and Hawley were also Republicans. The onset of WWII wasn't the cause of the upturn, as the economy was reviving long before that.

Gross Domestic Product (ref. 1929 dollars in millions)

Year    GDP

1929   101,444
1930    91,513
1931    84,300
1932    70,682
1933    68,337
1934    74,609
1935    85,806
1936    95,798
1937   103,917
1938    96,670
1939   103,736
1940   112,961
1941   126,237

Source: National Bureau of Economic Research, NBER Series 08166.



Compensation from before World War I through the Great Depression

by Robert VanGiezen and Albert E. Schwenk
Bureau of Labor Statistics

John T. Dunlop and Walter Galenson, eds., Labor in the Twentieth Century (New York, Academic Press, 1978), p. 30.

Dunlop and Galenson, p. 27.

Year Unemployment rate

1923-29

3.3

1930

8.9

1931

15.9

1932

23.6

1933

24.9

1934

21.7

1935

20.1

1936

17.0

1937

14.3

1938

19.0

1939

17.2

1940

14.6

1941

9.9

1942

4.7


"I'd rather have streamlined business regulations and a much simpler, more business-friendly tax code to really stimulate real business growth in the USA. In effect, make American businesses way more competitive in the export market."

I would, too, but big, government-linked import interests aren't going to reverse their decades of work in local governments at outlawing new, small production shops (outlawing potential competition). Only one of their many efforts against new, potential, domestic competition.


27 posted on 01/10/2014 1:40:37 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: DannyTN

How did U.S. exports do during this same period?


28 posted on 01/10/2014 1:58:09 PM PST by 1rudeboy
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To: Jim Robinson

Rush Limbaugh: I want him to fail.

Looks like Limbaugh is NOT getting his wish.


29 posted on 01/10/2014 2:12:48 PM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: 1rudeboy
"How did U.S. exports do during this same period?"

Our exports are dwarfed by our imports. So it doesn't really matter if exports get hurt some.

At the start of the Great Depression, exports were equal to 4% of GNP. Volume dropped by less half. However because world wide prices had crashed for all products, the dollar value of the decrease was greater. Also note that throughout the roaring 20's, a period of great economic progress, our tariffs were about 22%. The Smoot Hawley tariff was on top of that.

During the Jeffersonian trade embargo, in which almost all international trade was stopped. The price of goods normally imported rose by 30%. But the price of goods normally exported fell by 30%. So there were offsetting price effects in the economy.

30 posted on 01/10/2014 2:20:41 PM PST by DannyTN (A>)
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Comment #31 Removed by Moderator

To: Jim Robinson; Liz

US LOST 2 MILLION WORKERS IN 2013
__________________________________

How careless...

isn’t it a good thing the US gained 1.3 Million under 30 illegal alien DREAMers ???

do I really need to /s ???


32 posted on 01/10/2014 2:34:47 PM PST by Tennessee Nana
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To: DannyTN

Right, so export powerhouse that we were, when the dollar value (note, not %of GDP) fell by two thirds, it was insignificant.


33 posted on 01/10/2014 2:37:25 PM PST by 1rudeboy
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To: 1rudeboy
"Right, so export powerhouse that we were, when the dollar value (note, not %of GDP) fell by two thirds, it was insignificant.

During the Great Depression prices fell, which means the dollar value increased. The dollar bought more, just nobody had dollars.

34 posted on 01/10/2014 2:46:12 PM PST by DannyTN (A>)
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To: 1rudeboy
"Right, so export powerhouse that we were, when the dollar value (note, not %of GDP) fell by two thirds, it was insignificant.

During the Great Depression prices fell, which means the dollar value increased. The dollar bought more, just nobody had dollars.

35 posted on 01/10/2014 2:46:12 PM PST by DannyTN (A>)
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To: Jim Robinson

I’m one of them.


36 posted on 01/10/2014 2:47:03 PM PST by SueRae (It isn't over. In God We Trust.)
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To: DannyTN
I'm really not interested in playing "let's move the goalposts, today."

I simply was wondering if you thought that the crash in U.S. exports was insignificant also.

37 posted on 01/10/2014 2:48:01 PM PST by 1rudeboy
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To: 1rudeboy
"I simply was wondering if you thought that the crash in U.S. exports was insignificant also."

Yes, again volume only decreased by less than 50% so we are talking about GNP being down 2% due to exports. But GNP was off 46% in industrial production. So exports were not significant.

The drop in exports did get blamed a little for being the straw that broke the camels back with the banking failure. Banks had been weak and growing weaker ever since the stock market crash in '29. Some blamed the failure of loans to exporters for being the final straw. But we didn't have any lender of last resort like the Federal Reserve or any thing to prop up the banks during a liquidity run. A liquidity run started in Europe and quickly spread to the U.S. and the banking system collapsed, taking many businesses down with it. The fact that a small proportion of loans went bad due to the drop in exports was more coincidental than a serious impact.

38 posted on 01/10/2014 3:00:24 PM PST by DannyTN (A>)
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To: DannyTN

If you decrease the “volume” of your weekly paycheck by “less than 50%” (whatever that means), will you notice?


39 posted on 01/10/2014 3:02:22 PM PST by 1rudeboy
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To: Jim Robinson

One bad economic report and the Fed called off the talk about “tapering” the money machine.


40 posted on 01/10/2014 3:16:57 PM PST by colorado tanker
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To: Jim Robinson

You and I discussed retirement at Thunderbird. You opened my eyes.

We’re all in that boat now.

As a youngster, I always wondered why the German populace allowed the monster to take power of their nation. Now I see.

Take care, brother.


41 posted on 01/10/2014 3:37:20 PM PST by glock rocks (If you like your health plan, you're a racist !)
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To: Gene Eric

Job creation stumbled in December, with the economy adding just 74,000 positions even as the Federal Reserve voted to take the first steps in eliminating its stimulus program.

The unemployment rate dropped to 6.7 percent, below economist estimates and due primarily to continued shrinkage in the labor force. The labor force participation rate tumbled to 62.8 percent, its worst level since January 1978.

http://www.cnbc.com/id/101326268


42 posted on 01/10/2014 4:02:45 PM PST by ilovesarah2012
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To: Jim Robinson

No problem.....just let ALL of the invaders stay and have all their friends and workers come join them, and we’ll have a lot more workers! (sarcasm, of course)


43 posted on 01/10/2014 4:05:02 PM PST by grania
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To: colorado tanker
One bad economic report and the Fed called off the talk about “tapering” the money machine.

The Fed never had any intention of slowing down the manufacturing of fake money. That was/is all smoke and mirrors. Just like all the BLS stats. Complete and utter BS.

Face it, logically, the Fed *can't* stop printing. No one is really buying US debt. For all practical purposes, the money the Fed is creating is financing US government debt. Fed stops and interest rates go up. The government can't finance the debt at real market levels.

They have painted themselves into a Catch 22 corner.....I love mixed metaphors.

44 posted on 01/10/2014 4:06:02 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Jim Robinson
"US LOST 2 MILLION WORKERS IN 2013..."

.... So the country lost 2 million workers in 2013 ..... and the unemployment rate dropped to 6.7% this month. This is obviously a winning strategy for the Obama Administration .... all they need to do now is lose another 2 million workers and the country will be at full employment status. And I bet they will reach their goal!!!

45 posted on 01/10/2014 4:37:17 PM PST by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: RayChuang88
I'd rather have streamlined business regulations and a much simpler, more business-friendly tax code to really stimulate real business growth in the USA. In effect, make American businesses way more competitive in the export market.

Yep. I agree. Adding more taxes on the American people is what liberals like to do and it's a bad idea. I am also suspicious that 2M people stopped looking for work. That makes no sense. How could the workforce decline to 1970s levels? There has been a lot of population growth since then. This corrupt administration is just trying to lower the unemployment rate thinking average people will not notice the finagling.

46 posted on 01/10/2014 5:16:49 PM PST by plain talk
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To: Jim Robinson

They aren’t broadly reporting that 55,000 of those 74,000 December jobs were December Christmas Season retail jobs. Heard that on Fox Business earlier this evening.

So, in reality there were 19,000 jobs created in December.


47 posted on 01/10/2014 5:20:57 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: edpc

Global climate change caused by antropogenic warming is the cause of 2 million jobs disappearing.

There was a snow storm and they got lost on their way to work.

It’s not my fault!


48 posted on 01/10/2014 5:23:02 PM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

Also...

OVER HALF JOBS ADDED IN DECEMBER WERE TEMPORARY
Breitbart
http://www.freerepublic.com/focus/f-news/3110467/posts


49 posted on 01/10/2014 5:23:46 PM PST by Gene Eric (Don't be a statist!)
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To: RayChuang88
Not a good idea. Read up on the Smoot-Hawley Tariff and how that made the depths of the Great Depression worse.

Ah the Smoot Hawley boogie man.

Imports during 1929 were only 4.2% of the United States' GNP and exports were only 5.0%. Monetarists, such as Milton Friedman, who emphasize the central role of the money supply in causing the depression, note that the Smoot-Hawley Act only had a contributory effect on the entire U.S. economy

50 posted on 01/10/2014 5:26:10 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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