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

100 Million Americans Out of Work: Unemployment Rate Rises to "5%", 29K Manufacturing Jobs Lost

Another bogus jobs report is out claiming the unemployment rate has risen to "5%". This number like all the others touted by this destructive deceptive administration is wrong. When calculated properly taking into account all who are out of work the UE rate is and has been holding at 23% (depression era level)

IMG

The Bureau of Labor Statistics reported:
93,482,000 Americans are not in labor force
8,000,000 Americans are officially on the books as unemployed
=101,482,000 Americans out of work. (this does not factor in those who are working the system going on disability (hit record levels), as their UE benefits have run out)

For you naysayers or those who will say "bullshit" STR did not make these numbers up they come from the same regime whom YOU cheer for claiming low unemployment. The US would have to be creating 400K new jobs each month for any dent to be made and show true economic growth. That is of course impossible for a nation that is no longer a manufacturing super power as the number of mfg jobs continues to decline with another 29,000 lost.

STR has been posting on this for quite sometime, it is like beating a dead horse. There is no economic recovery there never was. We are in the eye of the storm of a stealth depression where experts like Peter Schiff and Harry Dent are/ have been warning economic catastrophe is on the horizon which will dwarf the 1930's and the smack to the back of our heads in 2008.

Time and again I have cited how social entitlement programs have replaced the imagery of the Great Depression's unemployment and food lines. People remain just as down and out today as they were then. Yes, many are doing well today, just as many weathered the storm in the 1930's. Some people lost everything others got a nice wake up call, but you need to understand all these programs the govt has set up are unsustainable. The US is broke, the fed has been printing money to pay the bills making the US dollar worthless. It's just a matter of time until this all comes apart.

A nation built on service and retail establishments cannot survive in the the long term. We must become a manufacturing giant that we once were. The only way that happens is to get govt out of the way allow the free-market to operate as it once did. Get rid of the taxes, regulations, EPA standards that will allow companies to set up camp in the US vs outsourcing overseas to nations that use slave labor. No hitting product made overseas with tariffs will not solve the problem it will actually accelerate it and make the nightmare financial experts are warning about to happen sooner.

We have to innovate and unleash entrepreneurs to turn this country's economy around for any chance to survive economic disaster on the horizon. We're going to crash, the question is how hard will we hit!?