Posted on 02/04/2011 10:24:33 AM PST by mojito
Probably the last chart to bury any doubt about just how truly horrible today's employment data was, comes from a little observed data metric: that showing the number of people who are not in the labor force, but who want a job now. The number just hit 6,643K, a jump of 431K from December, and the highest number in history. These are people that would send the unemployment rate to about 12.8% if they were in the labor force (and, as indicated, looking for a job). Nothing else needs to be said.
That reminds me. Who I really feel for are all the graduates with decent degrees who cant find work, yet they cannot claim bankruptcy to alleviate any of their debts. They take that debt with them to the grave. Thus, if they cannot claim bankruptcy, then states like CA do NOT have the right to bankruptcy either!
The only person I’ll be happy to be seeing unemployed is our dear leader, nobama.
Hey look, your post is number 57, just like the number of states in Obamaworld.
What I would like to know is where do they expect any recovery to come from? There has to be business activity to have that happen and if millions are unemployed, then it isn’t going to happen. I blame most of it on the misguided trade agreements such as NAFTA, GATT, and the WTO nonsense during the early 1990s. This is where neo-conservatives like Rushbo, Hannity, O. North, Liddy, and the rest said “free trade” was a good idea. Well, Karl Marx said the same thing in the Communist Manifesto. People like me begged the congress-criminals to cut off NAFTA as it would lead to massive unemployment. And the neocons sold us out just like the two party hacks.
So where is this stinking recovery coming from? If you haven’t noticed, consumer activity isn’t enough to push this economy. You also need a very healthy manufacturing and agricultural industry to make the economy work.
Now, if Donald Trump wants to put tariffs on Chinese and other foreign goods, then he should be running the government. It doesn’t make any sense to think that our system is going to protect us. They don’t obey their own laws. Geez, the whole thing is just too stupid.
“This country used to make things, and make things well.
We need to return to our production model and then buy our OWN things.”
That is a problem. We have placed the environment (or BS environmental propaganda) over real jobs. It used to be, that in our social clubs that the wife and I belong to, almost all of the business owners were small manufacturers. Tool and die types, or they just manufactured widgets. Those days are gone, with the manufacturing type business owners almost all retired, closed up, and moved on.
There was no need to pass the business on to their kids. The kids didn’t want the business. The unions here are too demanding, the environmental rules too strict, taxes in the state are insane, not to mention a regulatory committee rife with corruption and their own agenda for each facet of your business. Corrupt shake downs from local municipalities, federal taxes and tariffs imposed on nearly anything you import that is needed for your business, and the list goes on and on.
My wife and I watched like spectators, this phenomenon over the last few decades. We watched as the members of these groups transformed from those who ‘make things’ to those who ‘push around paper’. We watched as they became money managers and brokers.
Well, now even our social groups are dying off. We are watching another metamorphosis, one in which the members are not changing hats, they are just going away. Not everyone can be a banker or a money manager, especially if there is no money to manage. Not everyone can work at Home Depot if there are no homes being built. Not everyone can work at the restaurant if no one is going out to eat.
The US is fast going to become a resort nation to the Chinese, were we will all have a job in the service sector, catering to the wealthy foreigners who come here to visit. Or we will become government workers.
Those in the banking industry, those in finance, those in the market who didn’t like manufacturing because smokestacks are ugly, because they don’t like freight trains slowing down their commute in their BMW’s, those who think factories belong far out in the desert or better yet, Mexico, anywhere but NIMBY are soon finding that they do in fact need those manufacturing facilities.
Folks like that, the EPA supporters and the like, are getting what they wished for, but not in the manner in which they wished for it. In other words, yes, we have eliminated smoke stacks and manufacturing to ‘save the planet’, but at the same time, we are returning whole neighborhoods back over to nature. And since their fancy suit and tie job was to handle the money of the manufacturers, guess what, those fancy suit and tie jobs are going bye bye as well.
I almost think that we are near the point of no return, when it comes to manufacturing.
A good start would be public tarring and feathering of the enviro-types. Al Gore and those who enable the EPA would be a good start.
Democrats lie, they always lie, they would be defeated if many of the useless idiots who vote for them would open their eyes to see and their ears to hear.
Democrats are America’s worst enemies and have successfully destroyed America’s children and future prosperity.
“Real Unemployment Rate At 12.8%”
Wow that’s come down quite a bit.
I noticed when Laura Ingraham asked McConnell about “Comprehensive Immigration Reform”, he said seal the borders FIRST, and then we can discuss it. In other words, CIR is back on the table. Then he quickly changed the subject We need to clean house!
It took me 18 months to find a new job. The best suggestion I have is to work all the contacts you have. Friends, colleagues, former customers.
The job I got wasn’t posted publicly, I got an email from a former supervisor at my old job who now worked at the company telling me about the internal posting.
Yep. That's definitely the new lyrics the amnesty folks are singing. They think they're so clever.
And soon we will have the even bigger push for "comprehensive energy reform" with an "all of the above" solution, meaning we can throw billions/trillions more of taxpayer money at every hairbrained eco-friendly inefficient costly alternative to energy production (wherein their buddies just happen to have their trust funds invested).
Don't get me started on so-called "pension reform", LOL
You must live in NYS!!!
You must live in NYS!!!
I thought you were joking. I say that all the time.
close enough
Chicago suburbs
LOL!
(They LIE)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.