100 Million Americans Out of Work: Media Touts Unemployment at 3.8%, Nope Try 21.5%!

The May unemployment numbers are out and like all the previous reports the media is not being honest with Americans as they praise these bs numbers.

First and foremost this is NOT a bash on Pres Trump. His economic policies are in the right direction unlike the previous administration's, who did everything possible to hurt the economy in the name of social justice. Trump even pointed out last August the UE numbers are not accurate...

This site is about telling the truth regardless of who is in the White House, that said...

SHAME ON EACH AND EVERY economist, financial expert, political pundit/ activist ranting and raving over "3.8%", when 18-20+ mos ago you ALL were ripping the last admin over the number of Americans out of work. The same millions unemployed during the obama admin remain unemployed now.

The real UE rate when calculated the old correct way is 21.5% NOT 3.8%. Those following this site on this issue know ShadowStats is cited as the source for this info. They are not cooking up the numbers, ShadowStats is simply taking the same BLS numbers reported today and calculating the UE rate the way it use to be done factoring EVERYONE into the rate.

Yes, 100M Americans remain out of work, when you factor in those on and off the books as well as Americans who have jumped on disability because their UE benefits ran out. As a matter of fact, those out of the labor force increased (170K Americans) between April and May, from 95.745 to 95.915.

Businesses are closing, large retail chains like Sears are closing stores, Toys R Us is gone, jobs are still being lost, as businesses close, even though this report cites new jobs created.

Let me explain to you all what's happening:

- ABC Co has been in business for 5 years and has 100 employees

- XYZ Co has been in business for the same time and has the same number of employees, BUT is hiring another employee, for total of 101.

- Employee 1 at ABC Co is applying and will be hired by XYZ to fill that new job opening. XYZ's "new employee" will be counted in the unemployment/ jobs number report as a "new job created".

- ABC Co will have a few options with the loss of their employee:
  · They will either hire someone (ALREADY employed) from another company but will not be considered a new job creation.
  · Hire someone on the books unemployed
  · NOT hire anyone to fill that empty role, instead promote from within or spread the absent workers duties out to other workers.

What the jobs report number is not including are those people no longer counted in the jobs report, who are not being hired. Yes, some people on unemployment are being hired to lower the rate, but the masses who have been unemployed for years remain jobless, and honestly written off by EVERYONE.

The report is bunk, most of the people getting jobs are those ALREADY employed, switching jobs or companies. Read it again and let it sink in, because many of you know people who are out of work, yet you're hearing all this wonderful economic news, even though job losses continue.

The millions unemployed during the obama years didn't all of sudden find jobs or disappear since Jan 20th 2017. WE (yours truly is extreme long term unemployed) are still here looking for work, but NO ONE will hire us because we have been unemployed too long. That's it, that's our sin for being unable to find work. WE WANT JOBS but recruiters, headhunters, hiring managers and the like who pass us over because we're unemployed too long continue to add to that unemployment gap. Making matters worse the next bunch of recruiters, headhunters, hiring managers will use the same excuse not to hire us resulting in a NASTY circle.

So yes, I say SHAME ON EACH AND EVERY economist, financial expert, political pundit and activist who ranted and raved over the millions unemployed during the obama years, but have now gone silent since a changing of the guard in the Oval Office.

This economy is still weak, we're still taking on massive debt, a lot of the red flags from years past are showing up again. The US economy is on life support, it will crash. You've been warned.

Do not take my word on any of this. I come to these conclusions because I do my homework listening to people who are ringing the warning bell. I suggest you start following:

Jesse Columbo
Harry Dent
Danielle DiMartino
James Rickards
Peter Schiff
(There are many more but these people know what they're talking about.)

100 Million Americans Out of Work: The Media LIES, Trump Points Out Real Unemployment Remains High

 

While the media and many pundits do a victory dance over the newly released jobs report, claiming unemployment is at 4.3%, the fact of the matter remains millions of Americans are unemployed. Don't take my word for it, President Trump made that fact clear!

I want to get this fact out in the open first so there is no mistake or people take this post as a slam on Pres Trump. Yes, in the past similar unemployment pieces posted on this site were slams on obama, but that is because his policies and Congress' inaction contributed to the lack of job growth, actually they caused job loss!

This time around the blame is going directly on the do nothing, useless, inept, incompetent, impotent Congress. Let's be honest the President for the most, be it Trump or obama, really can't do much to stimulate economic growth. They depend on Congress to create legislation for them to sign into law. Obama's economic policies hurt industry, Trump is taking action to grown industry. Now for those of you in doubt about Congress being useless, here's a simple test: did they pass the obamacare repeal they promised? No. These people are not taking the legislative action necessary to spark the economy, create jobs and reverse the massive economic bubble that will burst.

Per the Bureau of Labor Statistics:
6.981 million Americans are on the books unemployed for July, UP 4000 since June
94.657 million Americans are out of the labor force... when you factor in those on disability (gaming the system because their US benefits have run out) and people completely written off (like yours truly) who aren't factored in, there are far more than 100M Americans out of work.

The actual unemployment rate is 22%, and has been that way for far too long. It is just 3% away from being where UE was during the Great Depression!



Sorry to be party pooper but nothing has really changed in the last 8 mos. It's impossible to go from "the economy is going to collapse" prior to Jan 20, 2017 to "the economy is rocking" Aug 4! All the economic turmoil we've been facing remains. The national debt continues to climb $19.9T, spending is out of control, student debt is $1.5T, people have no savings, we are still in that eye of the storm of the stealth depression we've been in since the experts claimed we're in a "recovery".



Again this is not bashing Trump, it's bashing everyone in DC who is ignoring a major problem coming that will dwarf 2008. "The Stock Market is making new highs"... uh huh, why? Who is buying the stock? Institutions for the most part(they're playing the numbers), investors who can afford to lose some money, companies buying their own stock back. Again most Americans have nothing in the bank, their barely making it, so they aren't the ones buying Amazon @ $987/sh and Apple @ $156/sh. "Well people are buying new cars", yea you know why? Banks and auto lenders are doing subprime loans on cars and trucks that are going into default! Same problem we saw with subprime home loans is about to happen in the auto industry!

Do not take my word on any of this. I come to these conclusions because I do my homework listening to people who are ringing the warning bell. I suggest you start following:

Jesse Columbo
Harry Dent
Danielle DiMartino
James Rickards
Peter Schiff
(There are many more but these people know what they're talking about.)

To those out there bragging about the "great" economy, cool it because you're going to eat your words when the bubble bursts.

100 Million Americans Out of Work: Jobs Rate Drops Because Americans Have Given Up Looking for Work

Wow the jobs rate drops to 4.6%, the lowest it's been since 2007! A whopping 178,000 jobs were created in a country of 330million. That obama and his economic policies are working our great aren't they!?

Surely you don't believe what you're hearing about the state of the US economy? Curious America, is the FAKE NEWS media telling you why the rate dropped? Did they tell you another 446,000 Americans have given up looking for work? Those no longer included in the labor work force rose to 95,055,000.

For the hard-headed out there saying the economy is great and my numbers are wrong, no you are wrong. STR doesn't make these figures up, they come directly from the U.S. Bureau of Labor Statistics

95,055,000 Americans are NOT in the labor force
+7,400,000 Americans are unemployed (on the books)
= 102,455,000 Americans are out of work

As always this number is much higher if you factor in those who worked the system who are now receiving disability insurance which is at record levels.

The real unemployment rate remains at 23% just below where it was at the height of the Great Depression(25%).



I've been posting about the job numbers and state of the economy ad nauseum for years now. Things are not sunshine and rainbows, the state of the US economy is dismal. You cannot have job and economic growth in country whose economy has shifted to being service based vs manufacturing. We don't make anything here and until that happens the number of jobs available will continue to dwindle. With the onset of technology, robotics etc it will become even harder for people to find work. The people protesting #Fightfor15, aka $15'ers, cannot understand any of this. They don't realize their actions are only accelerating automation within the service industry as I warned last year!

Do not expect to see drastic changes under the incoming Trump administration either. Proposing to spend $1 Trillion on infrastructure from the start to already out of control spending is not going to help matters. We have a massive economic bubble powered by residential and commercial estate...

U.S. housing prices are at the highest level since the crash: https://t.co/fMwxaFUsw9 = Housing Bubble 2.0 $XHB $IYR pic.twitter.com/R91beph1jR

— Jesse Colombo (@TheBubbleBubble) November 29, 2016

The $11-Trillion U.S. Commercial Property Bubble Is Ready To Pop: https://t.co/WQkQNKMHvN $IYR $VNQ $SPG pic.twitter.com/Rv1rmYnBbg

— Jesse Colombo (@TheBubbleBubble) November 18, 2016

... along with student loan debt topping $1.3Trillion on their way to bursting. As Harry Dent warned when the economic bubble bursts, it will be the final bubble to burst.

IF Pres-Elect Trump can bring manufacturing back to the US it could slow down the inevitable. But not if the level of debt which is much greater than the $20 trillion being thrown around isn't addressed. Offering financial favors and tax incentives to companies is not going to solve our problems, you're just moving money around from one pocket to the other. We need a new pocket full of money to tap into, a massive economic boom has to happen, otherwise Trump's plans are just pumping more useless drugs into a terminally ill patient.

Spend your money wisely folks. It's better to tie it up in assets than sit in a bank that may go under in which you could be on the hook to bail-in! Yea! You might want to find out if your bank is one who changed its terms

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U.S. Job Seekers Giving Up, Leaving the Workforce
by Suzanne O'Halloran | Fox Business
A job-seeker completes an application at a career job fair in Philadelphia, Pennsylvania, U.S. July 25, 2013. REUTERS/Mark Makela/File Photo
Reuters (Philadelphia Job Fair )

More Americans are kissing the workforce goodbye – not because they’re financially secure but because they can’t find a job. A record 95 million people are sitting on the sidelines opting not to work. As a result, the labor participation rate is stuck at 62.7%, a 40-year low.

“There are a certain percentage of people staying home,” said Dan North, economist at Euler Hermes, during an interview with FOXBusiness.com. “If benefits are great in some states, people will just stay home,” he noted. Those benefits may include welfare, food stamps and Medicare.

“It’s not that people are lazy, they are just not stupid,” Michael Tanner, senior fellow at the Cato Institute, which advocates limited government, tells FOXBusiness.com. Tanner, who studies poverty issues, also notes the federal welfare system is very complex and has around 70 programs, making it more complicated to fix...more

HSBC Issues Red Alert For Market Crash, Expert Says "Final Bubble to Crash"

HSBC has issued a red alert on the stock market for potential 1987 style sell-off coming. October is notorious for massive sell-offs and crashes that experts have been warning about. We are just about due, as these events tend to happen every 8 years (+/- 1-2yrs) frankly its amazing we've lasted this long. We are doomed to repeat history, to repeat and dwarf 1929 crash! The economy is beyond weak propped up with printed money loaned out at next to zero interest rates for far too long. Sooner or later the levy is going to give on this nightmare the Fed, central banks and all the banking institutions around the world have created.

IMO Deutsche Bank will be the trigger this time around as they take the roll Lehman held in 2008. These big banks have extended themselves far too much with derivatives Id argue to make matters worse through rehypothecation.


Financial expert Harry Dent warns economic bubble will be "final bubble to crash"...

Get your money out of the big banks engaged in monetizing debt type activities, seek out small local banks or even credit unions because when SHTF we will see a repeat of what was done in Cyprus globally by those institutions who over extended.

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RED ALERT — Get ready for a 'severe fall' in the stock market
by Bob Bryan | BusinessInsider
HSBC's technical-analysis team has thrown up the ultimate warning signal.

In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he had become on "RED ALERT" for an imminent sell-off in stocks given the price action over the past few weeks.

Gunn uses a type of technical analysis called the Elliott Wave Principle, which tracks alternating patterns in the stock market to discern investors' behavior and possible next moves.

In late September, Gunn said the stock market's moves looked eerily similar to those just before the 1987 stock market crash. Citi's Tom Fitzpatrick also highlighted the market's similarities to the 1987 crash just a few days ago. On September 30, Gunn said stocks were under an "orange alert," as they looked to him as if they had topped out..more