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...

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

---

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

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.

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: 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.