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: 235K Jobs Added is "Nothing Burger", Millions Remain Unemployed

Many conservative outlets are doing a victory dance over today's jobs report where 235,000 jobs were created and unemployment rate is at 4.7%. Sorry to bust your bubble but this is a nothing burger, there are still over 100 MILLION people out of work and the unemployment rate is still sitting around 22-23%!

Look at that chart how the "official" and U6 have dropped, that's because of people who left the labor force!

94,190,000 out of the labor force
+7,528,000 unemployed
=101,718,000 Americans out of work... the govt's numbers not mine!

The same people praising today's news ignored the rest of the same report that shows 7.5M are unemployed, which means there are as many people on the books today unemployed as those who lost jobs during the economic crash! That means there was no economic recovery.

Let's be honest about "jobs created". Person "1" going from Job "A" to Job "B" is just moving one person from a job to another that's being recorded as job creation. People with jobs are the ones getting jobs for the most part! Those of us on the sidelines, people like myself who DEFINE the "Forgotten Man", aren't even being considered for jobs, including part-time jobs.

Here ya go, I with a 4 year business degree (bc "you have to go to college") and 20+ years work experience, got shot down for a part-time job at CarMax...

4yr biz degree frm .@TempleUniv .@foxschool YEARS of solid work experience&I dont even get an offer to interview for PT job .@CarMax! pic.twitter.com/acBTdwTzud

— SavingtheRepubliccom (@BMartin1776) March 1, 2017

235K jobs being filled isn't going to cut it and frankly with the direction technology is going many jobs just aren't coming back! How could they, when we have this to look forward to...

...and then this (no thanks to the unions and unreasonable people out there demanding $15/hour for unskilled work (I warned you this was coming))

As technology advances there will be fewer jobs for people! You might need someone in the truck cab to manage things while the auto-pilot is running today but eventually AI will advance where you won't need anyone in the cab. Same goes for Flippy, might need someone making sure everything is going fine but eventually a machine will be there to do it all. Heck machines will be building machines and then what!?

We need to bring all the manufacturing back to the US that has been shipped overseas to save what jobs we can. Govt needs to get out of the way of innovation so new jobs can be created to replace those lost not returning or replaced by machines.

Obviously people want to project happier times under Pres Trump but burying the truth is irresponsible and unacceptable. Because of the "good guy"/ "do the right thing" gene, I'm compelled to say the things others won't...

The economy is not rocking, things are not better, the national debt is still at $20 TRILLION and growing (the Pres plans to spend another trillion in infrastructure spending), poverty is still high etc etc. We're still broke America, still borrowing money to keep things afloat and still in a stealth depression. All the bad economic numbers pointed out during obama's reign of terror still remain under Trump. "Yea but the DOW is at record levels!" Uh heh, the bigger the DOW gets the worst things will be when the bubble bursts...

Obama Hiding the Truth About His Failed Presidency

Obama had his hour of self-praise about all the wonderful things he did for the US, touting his "legacy". By the way all the other Presidents gave a farewell speech from the Oval Office, yet this guy has to do it in an arena?! You know why? Because he's an attention junkie, he loves having crowds cheer for him. Sorry to bust your bubble but he's not going away after the 20th.

You heard the fantasy now for the truth and why a few like myself do not believe any of the talk of economic recovery, even now with Trump coming in.

Hannity just touches on a few economic indicators, there are far more and the numbers are quite scary. Check out the USDebtClock and you'll see how screwed we really are. Even within that, all the games being played by the banks isn't even being covered or the Fed printing money at will. FTR I've be warning about the this stealth depression we're in regardless of who won Nov 8th. Trump, Hillary, Cruz, Sanders the final economic bubble to burst is going to come no matter what or who is in office.

As for obamacare and foreign policy, as Hannity outlines, they are no better.

Healthcare costs and access to doctors took a major hit under Darth Hussein's™ signature piece of legislation. It was nothing but a pack of lies for power, control and wealth redistribution.

Thanks to obama treating ISIS like the JV team they grew unchallenged in the middle east like a cancer destroying everything in their path. They've spread their influence globally and now because of the carnage they've created an uncontrollable migration of middle eastern people to the west that ISIS fighters have infiltrated where they attack at will.

Russia's power and influence had grown thanks to lil barry where Putin's intentions can clearly be seen to control the flow of oil to Europe, befriend enemies of the US.

Iran regardless of the nuclear agreement became $150b richer and continues their nuclear weapons program.

China continues to manipulate currencies, is building up their military for war, launches countless cyber attacks at the US and obama did nothing.

The list of "accomplishments" by this failed president can go on and on. Obama is by far the worst president in US history. PEOTUS has his hands full for sure and you can bet obama is leaving plenty of surprises / headaches as he trashes everything on the way.

Thank You Pres Obama For Proving You've Lied About the Jobs Reports!

The arrogance of this clown never ceases to amaze me. While praising his success in office, in this final presidential address of 2016, obama just admitted he has done very little for job and economic growth.

As the communist party's boyking takes this victory lap, he says 800,000 jobs were being lost per month as the US teetered going into a depression when he took office. Now ask yourself, does this man, his admin and party EVER TAKE CREDIT since 2008 for creating "800K+" jobs per month when they brag about "jobs created/ saved" or this alleged economic recovery? NEVER! They do however run to the fake news media touting "125k", "150","180k" or whatever the number is, still far less than avg 800K/ mo lost, whenever a jobs report has been released! If we lost 800k a month that has resulted in 7.9 million jobs lost apprx from 2008-2010, logic dictates that many would have to be created ea month during a similar time period. Official unemployment numbers still dance around 7-8 million (7.4) Americans currently unemployed. Soooo there are just as many people on the books today unemployed as those who lost jobs during the economic crash. If we're in a recovery and have all this job creation that he brags about why are so many still unemployed[incl yours truly]?

Now granted the bleeding didn't last all 8 years, which is why most economic experts have said the magic number for economic growth and employment rate to come down should be around 400K per month (close to where they were during Bush era), but others argue less. Regardless has obama or any of the regime lackeys ever bragged with that figure? NOPE! And while his majesty takes this victory lap bragging about jobs created he left out the fact that people no longer in the labor force has been climbing, to where we now how over 100 million Americans out of work! As for those millions of new jobs created, many were filled by people who already have jobs and the one they left was never replaced, duties were delegated out to other workers.

As smart as these people running things are, they are just as stupid and gullible. You would think someone would say something to keep the story straight and make some sense after 8 years, but this clown doesn't care. It's all about optics and first impressions, to hell with facts. The fact is there is no economic recovery, the country NEVER came out of the recession. Unemployment, poverty, food stamp rolls etc etc are all still at dangerous highs whether the power elite want to admit it. We are in the eye of a stealth depression storm, propped up with cooked economic numbers and the federal reserve printing money like we are the Weimar Republic 2.0.

If you dismiss everything I've said here fact remains there are just as many people unemployed now as those who lost their jobs during the crash proving obama lied about all the jobs reports. This govt has cooked the books to delay the inevitable. It doesn't matter who the next POTUS is either. The economic tsunami coming is unavoidable, Trump as POTUS or not.

So there you have it, Happy New Year and thank you barack for proving you're a LIAR!

Sorry can't help myself, it's that "good gene" I have, I'm compelled to tell the truth...

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

Feds Say Jobs Rate Drops 4.9% as 425K Americans Have Left Labor Force

Another jobs report is out demonstrating time and again there is no recovery, no job or economic growth. None of the lies that comes out of this administration about the state of the US economy is good. Only the US govt could say the unemployment rate dropped to 4.9% from 5%, while reporting 425K people have left the labor force in the "same breath"!

Per the Bureau of Labor Statistics, this is the govts numbers. The same govt you know who cooks the books as it is to make things look good...

94,609,000 Americans aren't in labor force
+7,787,000 Americans are unemployed
=102,396,000 Americans out of work

To put those numbers into perspective...

94,609,000 NOT IN LABOR FORCE...
Population of:
Australia: 23 M
UK: 64 M
Switzerland: 8 M
Total: 95 M#JobsReport

— Texas Guy (@Collinsdw) November 4, 2016

... that's a lot of people looking for work! If you think this analysis is bs then answer this simple question: How can the unemployment rate remain around 4.9-5% while more people are out of work?

This BLS report proves the feds are misleading the public about the current true unemployment rate which is and has been holding at 22-23% for years. (When calculated correctly).



The UE rate is just shy of being at Great Depression era levels (25%), yet obama and Hillary Clinton are campaigning today praising the report!

These economic reports in fact show a stagnant economy in the eye of the storm of a stealth depression. When the markets finally give those in power will not be able to hide the truth we all know let alone stop the economic collapse. Are you aware the stock market has been dropping for 9 consecutive days, the longest in 36 years?!

Weekend Reading: Markets Send A Warning: https://t.co/DpRF2jYhGv by @LanceRoberts $SPY $SPX $DIA $QQQ pic.twitter.com/5qj3CXUluX

— Jesse Colombo (@TheBubbleBubble) November 4, 2016

The powers that be keep news like this quiet and have been lying to us for years if not decades as they prop up our economy with printed money and tweaked economic numbers.

Spend your money wisely America, buy what you need, buy things of quality because all that paper money is going to be worthless when the final bubble bursts!

100 Million Americans Out of Work: Unemployment Rate Remains Unchanged NOT AT 4.9% BUT 23%!

As America goes into the Labor Day weekend the govt released employment numbers showing no growth and pushing a deceptive claim the unemployment (UE) rate remains unchanged at 4.9%.

94,391,000 out of the workforce
+7,800,000 on the books unemployed (fed UE rate 4.9% is based on)
= 102,191,000 million Americans out of work

These are the federal govt's BLS numbers STR did not make them up. These numbers continue to prove without a shadow of doubt the US economy continues to flat-line. There is no economic recovery as pres obama claims. 151K jobs were created in August, when we need to see at the least 400K per month, is not an indicator of recovery. The majority of jobs being created are part-time no thanks to this admins anti-capitalist position via taxes, regs (ie EPA) and the damaging after-effects of obamacare.

The real unemployment rate of 23% continues to sit just under the Great Depression era level of 25%. Take a look at this graph as the number of people who left the workforce increased the govt UE rates decreased.



Those who are long term unemployed the jobs you had are not coming back. Companies have learned to operate with a smaller staff after the 2008 crash, assigning more responsibilities/ duties/ work to those who are fortunate enough to keep/ have a job. Businesses have wised up removing the middleman going direct to customer to cut costs and remain competitive in a down economy. There are less jobs available, people are making less, paying more because we are in a stealth depression.

This will never be admitted or acknowledged because, as explained numerous times here, to just say the economy is in a depression would cause financial markets to collapse.

It is the equivalent of telling a family a loved one on life support who is brain dead is showing signs of recovery giving them hope. If you tell them the truth their world will obviously fall apart. Same is true with this govt and the economy. They keep saying the economy is weak but we're in a recovery to give people hope when they should really be preparing for a fall when economic bubbles finally burst.

Student loan debt is in the trillions. Exactly how are students going to pay their debt back when the job they're being trained for in college doesn't exist?

The Fed has lent out entirely too much money at 0% interest rates devaluing the dollar for years! Because of that we've had a small boom in housing but remember people are buying homes who are just able to make the payment at 2-3%, what happens when rates go up to get all that printed money out of circulation?

The stock market is hitting new highs, but who is making all this money? It's not like how it was in 2000 (mind you that blew up). Some argue the new highs are a result of companies buying back their own stock to boost prices. Many companies also have high valuations because they're sitting on a pile of money, they're not re-investing into new business and employees but for whatever is coming down the road.

The US is now $19.5 TRILLION in debt and that's just the tip of the iceberg. When you factor in unfunded liabilities, Social Security on its way to zero etc we're in a ton of economic trouble.



There is NO WAY to fix this problem, a reset is inevitable we just don't know when because the Fed and leaders keep doing stupid things like Quantitative Easing, aka printing money, to delay a major economic crash. They should have let the walls come down in 2008, instead they made matters worse.

Posting about this is like beating a dead horse at this point. Either you know this economy is in shambles and a day of reckoning is coming (as econ experts are warning) or you believe everything is sunshine and rainbows while the world burns around you.

Prepare for the worst hope for the best.

Biden Announces Obama Admin's DOT $2.45B "Loan" to Amtrak

Joe Biden announced that the obama admin's Dept of Transportation will "loan" Amtrak $2.45B to buy "28 new trainsets for the high-speed Acela train between Washington through New York and into Boston" and rehab aging rails and stations. I say "loan" because this is more or less a bailout for a failing govt run project. Amtrak was a failing business the feds took over and has always been in the red, so the American people will never see a return on the "loan"! It's insultin got call this a loan. Ask a bank if they would ever loan a failing business $2.45B who shows no signs of ever turning a profit aka ability to pay the loan back?! You wont because no bank would ever make such a loan.

This govt is constantly bailing out failures at the American taxpayers expense. We're broke folks, the more they lend worthless printed money which results in devaluing of the dollar, the worse things will be when the economy finally blows up.

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Biden announces $2.45 billion federal loan to Amtrak
by Allie Malloy and Betsy Klein | CNN
Washington (CNN)Vice President Joe Biden on Friday is set to announce a $2.45 billion loan to Amtrak from the Department of Transportation, the largest loan in the department's history.

Biden's office announced the new loan at his namesake Joseph R. Biden Jr., Train Station in Wilmington, Delaware, his office said in a statement.
The $2.45 billion will be used to purchase 28 new trainsets for the high-speed Acela train between Washington through New York and into Boston. The money will also be used to rehabilitate railroad tracks and upgrade four stations, including Washington's Union Station and Baltimore's Penn Station..more

With $20 Trillion in Debt, Trump Says It's Time to Borrow More

Trump has been very vocal about the mountain of debt DC has piled on the American people, criticizing all parties responsible including obama (who doubled it) and Clinton (who wants to spend even more). The $20 trillion ($19.4) in US national debt is just on the surface there is another est $60 trillion in total US debt and $103 trillion in unfunded liabilities. The nations "economic recovery" is the weakest since 1949. All this and much more Trump is well aware of.

Today on CNBC Trump said now is the time to borrow more because rates are so low?!

TrumpTrain the US is broke we are borrowing money and an extremely dangerous level, can you please explain his position because it sounds a lot like when Joe Biden said "we have to go spend money to keep from going bankrupt"?

Before you answer you do understand borrowing more money simply means printing more which only devalues the dollar even more than it is already! Again Trump is well aware of this, he attacks China for doing it, so why call for economic actions that will only take us deeper into the hole?

100 Million Americans Out of Work: Unemployment Rate "Drops to 4.7%" as Record Number of Americans Remain Out of Labor Force

Saving the Republic

For the doubters out there let's get the math out of the way.
These numbers are based on the govts Bureau of Labor Statistics, STR didn't make them up!

94,708,000 Americans out of the labor force
+7,400,000 Americans on the books listed as unemployed
= 102,108,000 Americans out of work!

Now keep in mind this number doesn't include those who are using their disability insurance (at record levels) after their unemployment benefits ran out!

If the economy, according to obama, is in a recovery...



... and we've been saved from another depression then why are over 100 million Americans still out of work? Why did only 38,000 people find a job in May? Why are Americans bringing home less money now than they did 8 years ago? Obama just this week bragged about job creation and how well the US is doing but let's be honest those jobs "created and saved" are part-time jobs being filled by Americans who already have a full-time job or 1-2 part-time jobs because there is no full-time work available.

Now for that employment rate of 4.7% the imperial obama regime will brag about, it's a joke since another 450,000 left the workforce and were not factored in(as always). The true unemployment rate continues to hold at 23%...



FYI the highest the UE rate was during the Great Depression was 24.9% in 1933.

So why are people bringing home less and no full-time jobs available? I'll tell you why as I have been saying repeatedly here for years:

There is no economic recovery. We were not saved from an economic depression because we are in fact in the eye of a storm of a stealth depression that will get worse.

What nation in history has ever pulled itself out of a depression when it produces nothing? All the great economic scholars would laugh to hear a debtor nation whose economy is based on service is proclaimed by its leader to be in full recovery with less than 1% GDP growth for the quarter.

Spend your money wisely America. There is absolutely nothing saying we couldn't end up like Venezuela!

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!?

100 MILLION Americans Out of Work: Pres Obama is LYING, Unemployment Rate is at Great Depression Era Level

This is one of the most disingenuous speeches pres obama has ever given. There is no other way to put it obama is flat out lying. No progress has been made economically when you write off people who have given up looking for a job. The unemployment rate (UE) of 4.9% obama takes credit for is only based on those people who are on the books, the actual true unemployment rate is 23% (22.9%)...



At it's height during the Great Depression the UE rate reached 25%!

By the govts Bureau of Labor Statistics numbers:

94,062,000 Americans are out of the work/ labor force
+ 7,800,000 Americans are officially on the books as unemployed
= 101,862,000 Americans are out of work

If you also factor a percentage of those on disability because their UE benefits ran out, so people applied and were granted disability benefits, the number of those out of work grows even higher!

Jobs continue to be moved over seas, the US went from being the central manufacturing hub of the world to now the central service provider. We make nothing here because companies cannot compete with nations who more or less use slave labor for production. Between that and the mountain of regulations, fees, fines and taxes how can any American company stay competitive on US soil?!

Have you taken note how bad the stock market has been swinging? For the record the market is down 2000 points where triple digit drops are triggered with just the slightest of bad news now (like today). The economy is a sick, dying patient who is becoming immune to antibiotics and adrenaline shots (quantitative easing, bailouts, money printing etc). Everything the SOB's in power are trying to get this economy running again are not working. Don't take my word for it look around are prices going up or down? Do you see businesses booming or closing up? Are you spending more or less, while trying to save every penny you can? The money you are able to save, how much interest are you making on it? Do you feel like you have job security or are keeping your eyes open just in case? Yes, gas prices are down but costs still continue to rise, and if you haven't heard obama wants oil companies to pay a $10 tax on every single barrel of oil for "climate change" (hoax) and transportation infrastructure.

Have we talked about interest rates remaining at/ close to zero for almost a decade?! This is unheard of and when the corrupt Fed finally moves rates up... well let's just say be prepared when hyperinflation kicks in.

Europe continues to give a glimpse into our future...

 

As argued the images of the 1930's depression have been replaced with unsustainable government programs. The food lines have been replaced with EBT/ Food Stamps and so on for everything else. This economic hole we're in isn't just a US thing, it's on a global scale now that all our economies are tied together. Citi is warning the global economy is in a "death spiral"....

Make no mistake about it, America is and has been in a stealth depression since (at least) 2008.

Glenn Beck Sounds Off on DOW Drop: Something Bad is Coming Our Way

We've been hearing the warnings from many financial experts and radio personalities like Beck that an economic collapse is on our horizon. When? No one knows but the out of control spending, printing of money, unsustainable entitlement programs etc bubble will eventually burst.

I'm no financial expert, this is just my opinion...

If you are invested in stocks and can get out of the market do it on days when it goes up,(at profit, to break even or take a small loss), do not panic sell on days like today where you take massive losses. What you have to keep in mind is that on top of the bad news and volatility there are people manipulating the stock market. Many investors lost money today but just as many made a lot of money too! The system is rigged in their favor which is just another reason Beck and others have said a restart has to come as things just cannot go on as they are. If you're going to play the market get in and out quickly and make sure you have trading stops in place, hedge your positions, to protect against a large drop.

You're better off investing in yourself and things you will need with the coming economic collapse. You can't eat worthless cash or frankly gold! If you have the gold bug consider buying silver instead, it's cheaper and will appreciate at greater percentage than gold. Put your money in things of quality that have value, learn a trade or skill. Food, water, meds, fuel, AMMO and other items that can be traded will have more value than a piece of gold!

No one knows when economic collapse/ restart will be but consider the last two trading sessions a warning shot across the bow. It should also be clear we are in no economic recovery, where a few experts will argue we are still in a recession. Those who frequent this site know I have been calling this a stealth depression. Only one economist has had the guts to come out publicly and say we're in a depression, when others start pushing that prepare for all hell to break loose.

Illegal Aliens Outnumber Unemployed Americans

First off let's be clear the 9.6 million Americans unemployed are only those still on the books. This number does NOT factor in the 93 million who have left the workforce who have given up looking for a job. The two figures combined gives us well over 100 million Americans out of work. Now the 11 million plus illegals in the US are here as a result of the obama admin and progressives agenda to reshape US demographics and frankly create a new class of uneducated, uninformed, dependent, entitlement voters.

These detention centers illegal are being held at should not be resorts. The courts need to accelerate and streamline hearings to more or less send illegals back to their nation of origin. There is no reason for them to be here long-term, other nations like Mexico send illegal back almost immediately.

With so many Americans out of work it should be clear now why this regime and many in Congress and state govts are pandering to illegals. They can be easily controlled and convinced to keep the Washington cartel in power. US citizens have more or less been transformed into second class citizens and treated like an enemy. This govt has no intentions of doing anything to curb the volume of illegals invading the US. One party rule is the end goal and illegals are the gateway to that.

100 Million Americans Out of Work: Media Praises Unemployment Dropping to Lowest Since 2008

The crap media doesn't miss a beat! The propagandists touch on cooked govt employment numbers while focusing on wage equality as a distraction from the disastrous state of our economy. Wage growth is so poor because the economy remains to flatline. In all of these reports they all conveniently LEFT OUT THE RECORD 93 MILLION AMERICANS OUT OF WORK. So of course the unemployment rate dropped because they are not counting all the people who have left the workforce and given up looking for a job. When you couple that with those on the books unemployed and record millions on disability, because UE benefits ran out, there are well over 100 MILLION Americans out of work! The real UE rate calculated the old correct way is and has been holding at 23%...



Let's be honest most of the jobs being filled are part-time jobs since so many companies have had to cut back over high taxes, regs and of course obamacare!

GDP is pitiful, consumer debt remains high, Americans continue to live paycheck to paycheck, student debt topping over $1.2 trillion is a bubble on the verge of bursting and the media wants to focus on wage equality!

There has been no economic recovery America. We never came out of it and remain as I have argued now for years in a stealth depression.

Obama Takes Credit For Low Gas Prices and Improving Economy: You're Welcome

Everything that comes out of the campaigner in chiefs mouth is a lie. Unemployment is still sky high, Gallup's CEO came out blasting the job reports that the unemployment rate isn't 5.6% instead closer to 11%... but if you calculate the figure the old correct way it has been holding around 23%!



The deficit is out of control, heck he just presented a $3.99 TRILLION SPENDING budget! He may have cut the deficit under his watch but the deficit under his watch was higher to begin with. Here is the logic in simplest form to understand:
"Hey I spent $100 of money I didn't have last year but good news this year I only spent $50 of money I don't have!!"

Got it? That is exactly what he is doing when he brags about cutting the deficit. The guy never ran a lemonade stand, held a real job, ran a business with payroll to meet yet wants people to believe he is smarter than some of the best CEO's in the country!

The drop in oil is geopolitical to hammer the Russians among many other factors he left out he that had nothing to do with, which btw will not last (as he slipped in an escape hatch when they do go back up).

This speech in general is going to be a speech like many he has given the dem-progressives will regret for the false sense of economic prosperity & recovery they have pushed on the US. We're on our way to knowing what it felt like in the Weimar Republic but on a global scale, as the world is at a higher level of debt now than in 2007/08 before the crash! The US and many other nations have in fact been living in stealth depression, it is only a matter of time until everything blows up in our faces.

Go ask friends, family and co-workers if they have more money in their pocket and feel secure financially. Go ask people long term unemployed, completely written off by this admin AND Congress, if they agree with these packs of lies! It's not sunshine and rainbows folks, it's all just an illusion the power elite have created while they fill their coffers before SHTF.

Minister of Propaganda: Because of Obama's Policies, 'We Staved Off the Second Great Depression'

There is only one honest reply to the Minister of Propaganda... LIAR!

What kind of sick individuals praise writing off 100 million Americans out of work as a success? Yes, unemployment is down only because so many have given up looking for work, many no longer qualifying for benefits are not being counted.

What about the record 46,000,000 Americans receiving food stamps for 38 straight months? Or how about the 48,000,000 living in poverty? Is this something to brag about, that people do not have enough money for food and are living in poverty!? Does any of this sound prosperous to you?

The economy is not booming, there was no recovery and we have NOT staved off the second Great Depression. The US is in fact in a stealth depression and has been for years. Countless times I have said that the economic numbers of today dwarf those of the 1930's that the food lines, job lines etc all images of the first Great Depression have been replaced with unsustainable social entitlement programs. The country is broke, this is a fact or are you not aware of the $18,093,530,000,000 national debt? Do you know that $7,500,000,000,000 of this number has been racked up under obama? The banks, big auto have all been propped up by govt bailouts. The Fed has pumped billions of printed/ digitized money into the economy which has in fact devalued the dollar while charging 0% interest on (printed) money loaned out. What you have here folks is a rubberband being stretched out beyond its tolerance and it will snap back. It's not a question of if but when, and when that happens all hell will break loose...

Earnest, obama, all the bobbleheads in DC for the State of the Union speech have all played a willful role in the destruction of this country. Instead of trying to slow things down and prepare they spend more under the guise of investment by taxing Americans to no end. The longer these idiots lie and delay the inevitable economic collapse the worse it will be for everyone.

Obama Claims 11 Million Jobs Have Been Created But...

... the truth is there are 11 million fewer Americans in the labor force!

It gets better from there folks 1 in 5 workers is an illegal or legal immigrant which will most definitely climb since emperor obama issued executive amnesty to 5+ million illegals. You do understand that all the stats coming from the govt on employment are completely incorrect now since that influx of illegals is not being factored in!? With no facts his majesty claims the majority of jobs created were full-time. This coming from a guy who lies incessantly, fact is most of jobs "created" are most likely people job hopping where job they landed is being counted as a new job created. Sorry going from full-time job A to B is not job creation. Also consider companies have backed off hiring full-time employees to reduce their exposure to obamacare penalties. These are facts that have been in the headlines for over a year. If we are in a recovery why are there still 100 million Americans out of work? Why does the Fed continue to keep interest rates at zero, while still pumping money into the system? The emperor conveniently leaves these facts and many others out from this last press conference for 2014. He also chose to take questions from a selective few instead of the typical front row of reporters who would normally call him out on these figures.

You don't need to be told all of this, you already know obama is lying pushing these false figures. So what should you do with vids like this accompanied by data showing otherwise? It needs to get out and explained in a simple manner to those who don't normally hear it. The messaging of conservatives has to change. We can share all this material amongst ourselves but that is preaching to the choir. Lies from his majesty need to get out to those he and his ilk pander to. Do you believe all the drones protesting for income equality understand their jobs are at risk with the influx of illegals coming into the US? A lot of the middle class, inner city and minorities have no clue what is coming and they'ss tell you they haven't felt any kind of an economic recovery. But if they are shown obama's policies are what is hurting this country they will eventually realize its not the big evil corporations that are to blame but what his majesty is doing to those companies is what limits opportunities. How many in the uninformed class know about the incentive built into obamacare for corporations to hire illegals over citizens? It's not he corporations fault they do what they are forced to do in order to stay in business.

We have done enough informing like minds we have to get the message out to those who are in the dark. We wake them up, show them their handlers are their problem not whitey, big corp or Wall Street things will change very quickly!

China Now Biggest Economy

Hows all that hopey changey working out for you America? Our economy is slipping, we remain in this recession err rather stealth depression because of the anti-business/ capitalist attitude coming from the obama imperial regime. While the regime is hammering US businesses with the highest corp taxes in the world, piles regs on year after year, forcing obamacare on the nation raising healthcare costs etc state capitalism aka communism is now No 1!

We are being beat out by a nation that produces cheap quality products who uses slave labor to produce the junk we will fight each other over every Black Friday that will end up in a dumpster years from now! They hack our networks steal products making cheap knockoffs where no one will do anything to put a stop to it. If you think DC will ever take action don't hold your breath. Because they cannot get spending under control we have massive debt, debt (approx $2 trillion) this govt has sold to China!

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It’s official: America is now No. 2
by Brett Arends | MarketWatch
Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

As recently as 2000, we produced nearly three times as much as the Chinese.

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade...more