Total Non-Farm Payrolls (Source: St. Louis FED)
MORE HERE :
http://www.americanthinker.com/blog/2011/03/the_dark_side_of_yesterdays_un.html
The dark side of yesterday’s unemployment numbers
EXCERPT:
Upon closer scrutiny though, there is another factor contributing to the drop that is not necessarily good news: The official size of the U.S. labor force is shrinking.
The Bureau of Labor Statistics publishes the “Labor Force Participation Rate” each month, along with a litany of other metrics that are used to give us the headline jobs number and the unemployment rate. The government’s definition of the labor force is all individuals 16 years of age and older, who are employed or seeking employment. It does not include students; retirees; anyone with unreported income, or “discouraged” workers.
The participation rate is the comparison of the “labor force,” those looking for work or employed, and everyone else. That ratio is currently 64.2 percent seasonally adjusted, and 63.9 percent non-seasonally adjusted, the same level as last month. Both of those percentages are currently running at 27-year lows, meaning the percentage of Americans not working or even trying to join the work force is at a near three-decade high.
The last time the participation rate was above 66 percent - the 10-year average - was in August 2008.
Close to the same number of Americans who got jobs last month - 192,000 - stopped looking for work. And for all the celebrating being done by Obama supporters over the minuscule drop in unemployment and barely break even job creation, the fact is those jobs are not spreading evenly across the country. The Midwest is still a disaster area economically, all aspects of the housing industry are still at depression levels, the deficit is still a dagger aimed at America’s heart, and Obama still doesn’t have any ideas on how to address any of it.
How do they count people that are hired to replace those that retire?
It appears as though BIG “Labor” has launched its attack against the American people in order to get their Kenyan a second term.
Have to trust in the truth the people see every day and keep faith they won't despair as the Left desires.
Total Non-Farm Payrolls (Source: St. Louis FED)
This is just more Rick Santelli troublemaking.
After all, he is the one who started that whole Tea Party mess by calling for a Chicago Tea Party.
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If it were not newly PC write this, I would say he has put a BIG target on his back and has moved into the ‘crosshairs’ now.
He might kick of some other kind of ‘party’ revolt.
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:)
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Careful, Rick, you might get some late night visitors of the Chicago Thuggery version.
Given the clear finagling of statistics that has been present througout the course of this near-depression, one has to wonder why such a reduction in one fell swoop was required.
Up to this point, flirting with but just below an official U3 rate of 10% has sufficed. They’re really, really anxious to avoid any admission of that rate, nationally. On a state level, sure, quite a few are. My home state, NC, has been above 10% more often than below since late 2008.
There must be a big hit to the numbers coming down the pike, and they’re making room for it ahead of time, imho. Now, what might cause politically motivated government statisticians to begin anticipatory reductions in labor force statistics?
They are cooking the books.
what do you expect from a phony president? phony president =phony numbers =phony unemployment. Gee America I need to be re-elected I will save the economy.
In the future Scenario 1 - November 8, 2012 America has a real economic problem since Feb 2011 Obama has had two sets of books, phony book and the real book. Welcome to Obamastan formerly the USA. The nations language is now Arabic and everyone must become a Muslim.
In the future Scenario 2 - November 8, 2012, the election results are in Obama has meet with a resounding defeat. The nation calls for Obama to be arrested and incarcerated immediately, Sarah Palin, Michelle Bachmann are asked to implement a new government. Obama proclaims ‘I am not a crook, it is George Soros’s fault he made me do it, I owed him lots of money. Joe Biden steps down immediately. All Democratic US Senators are defeated, all democratic US house representatives are defeated. The state of illinois vows to rid Illinois of anything to do with barack Obama.
Schools across america are striving to have the name Barack Obama removed from the school building immediately.
In every state across the union local and state elections have outstanding results. The 2010 election was only an inkling of what was to come. Voters voted in a new Amendment Birth certificates, college transcripts are required by all presidental candidates. Voters voted on the immediate repeal of ObamaCare, Nancy Pelosi and Harry Reid entire assets frozen by the CBO.
BLS is not the Bureau of Lies and Scams.
Watch Treasury bonds and the dollar. You’ll see unemployment really go up after trading partners demand austerity measures in the USA.
Bump!
Bump