The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

[WallyWeaver]

A well written article tying together all of the facts we already know with some facts most of us are probably unfamiliar with. The final 8 lines are particularly disturbing, though.

WW.

The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

Unemployment Is Not Going Down

Michael Snyder

Economic Collapse

December 10, 2012

The mainstream media is heralding the decline of the official unemployment rate to 7.7 percent as evidence that the U.S. economy is improving. But it is a giant lie. The truth is that unemployment in America is not actually going down. The percentage of working age Americans with a job actually dropped slightly in November. During the last recession, the percentage of working age Americans with a job fell from about 63 percent to under 59 percent and it has stayed there for 39 months in a row. In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed. In November 2012, 58.7 percentof all working age Americans were employed. It is more then 3 years later, and we are in the exact same place! So how in the world are they able to pretend that the “unemployment rate” is going down steadily? Well, they get there by pretending that hundreds of thousands of unemployed workers “leave the labor force” each month. According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers “disappear” each month it is easy to get the “unemployment rate” to go down. But any idiot can see that there is something really funny about these numbers. Barack Obama has been president for less than four years, and during that time the number of Americans “not in the labor force” has increased by nearly 8.5 million. Something seems really “off” about that number, because during the entire decade of the 1980s the number of Americans “not in the labor force” only rose by about 2.5 million. At this point the official unemployment rate is so manipulated that it is of very little value at all.

But the mainstream media is just eating up this “good news”. They are very excited that the “unemployment rate” has fallen from its peak of 10.0 percent in October 2009 to 7.7 percent now…

But if unemployment was actually going down, we should be seeing the percentage of Americans with a job go up.

Unfortunately, that is NOT happening.

As I mentioned above, the “employment rate” fell below 59 percent during the last economic crisis and it has stayed there for 39 consecutive months…

So all of that stuff about the employment situation getting better is just a load of nonsense. The percentage of Americans with a job has stayed very, very steady since the end of 2009. It is almost as if someone has hit a “pause button” and won’t let unemployment get better or get worse.

This is the first time since the end of World War II that we have not seen the employment-population ratio bounce back in a significant way after a recession has ended.

To me, that is a very bad sign.

I also find it very interesting that the government revised the “job gains” for September and October downward in this recent report…

The government revised down job gains for September and October by a total 49,000. September’s additions were revised from 148,000 to 132,000 and October’s, from 171,000 to 138,000.

So it turns out that the glowing employment reports from those months that helped get Obama re-elected were really not that great after all.

The truth is that it takes somewhere between 100,000 and 150,000 new jobs a month just to keep up with the growth of the population. So at best we are treading water.

And who is “creating” those new jobs?

According to an analysis performed by CNSNews.com, 73 percent of the jobs “created” over the past 5 months have been “created” by government.

But government does not create real wealth.

Real wealth is only created by the private sector.

It would be very nice if I could report a major employment turnaround, but it simply is not happening.

Instead, we continue to see an increase in the number of Americans living in poverty.

If things are getting better, then why are organizations like the Salvation Army seeing record numbers of families coming to them for help this holiday season?

For much more on the continued growth of poverty in the United States, just see this article.

Sadly, an increasing number of Americans find themselves forced to turn to the government for assistance, and the cost of caring for all of them has become extremely expensive…

According to the Republican side of the Senate Budget Committee, welfare spending per day per household in poverty is $168, which is higher than the $137 median income per day. When broken down per hour, welfare spending per hour per household in poverty is $30.60, which is higher than the $25.03 median income per hour.

But if you think that things are bad now, you should brace yourself, because things are going to get even worse.

For example, how much worse will things get if a fiscal cliff deal is not reached and millions more Americans find themselves in desperate need of help? According to ABC News, more than 3 million Americans will lose unemployment benefits by the beginning of April if Congress does not do something…

Millions of unemployed Americans have another reason to worry about “fiscal cliff” budget talks that seek to avoid looming tax increases and dire spending cuts come January.

About 2.1 million people will stop receiving jobless benefits immediately if Congress doesn’t reauthorize federal unemployment insurance programs by year’s end. Another 1 million will lose benefits over the first three months of 2013.

2013 is already shaping up to be a very tough year.

But the mainstream media is not really talking about how the middle class is systematically being destroyed or about how our once great manufacturing cities are being turned into desolate wastelands.

They just want us all to be happy, but the cold, hard reality of the matter is that the U.S. economy no longer produces enough jobs for everybody and it never will again.

Both of our major political parties have fully embraced the emerging one world economic system which puts average American workers into direct competition for jobs with workers in third world countries where it is legal to pay slave labor wages.

Millions of good paying American jobs have been shipped to countries where workers work very long hours in absolutely horrific conditions for as little as 45 dollars a month.

Are you willing to work for 45 dollars a month?

Meanwhile, Americans that still do have jobs are piling up more debt than ever before. It appears that most people have not learned any lessons from the last major economic crisis. It has just been reported that consumer borrowing in the United States has hit a new record high…

Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.

The Federal Reserve said Friday that consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

Isn’t that lovely?

And of course the biggest offender of all is our federal government. They just keep borrowing money as if there was no tomorrow.

Link: http://12160.info/pa...-39-months-in-a-