Home > Federal, National > Unemployment the real story; So called Payroll tax cut – Welfare State Scam/ a McGovern redux?; Federal workforce up, Public Unions-the Democrats small army and Money machine; Communists, Greece, a delusional lazy President, failed stimulus, and Spending- the Sequester farce

Unemployment the real story; So called Payroll tax cut – Welfare State Scam/ a McGovern redux?; Federal workforce up, Public Unions-the Democrats small army and Money machine; Communists, Greece, a delusional lazy President, failed stimulus, and Spending- the Sequester farce

December 6, 2011

Unemployment Drops Amidst Worker Discouragement

 

Half of Unemployment Rate Decline Due to People Giving Up Job Search, Labor Data Show

By Matt Cover December 2, 2011

(CNSNews.com) – Half of the 0.4 percent decline in the nation’s unemployment rate is due to people giving up hope of finding a job and leaving the labor force altogether in November, government data and CNSNews.com calculations show.

In the month of November, 315,000 people left the labor force altogether, the Bureau of Labor Statistics (BLS) reported on Friday. The unemployment rate, reported today, has declined by 0.4 percent – from 9.0 in October to 8.6 percent in November.

However, had those 315,000 people not left the labor force, the unemployment rate would have been 8.8 percent – 0.2 percent higher than the officially-reported 8.6 percent rate for November.

The unemployment rate went down for two reasons: the economy created 120,000 jobs and 315,000 people left the labor force in November. If those who had left the labor force are added back into it and added to the ranks of the unemployed – because they do not have jobs – the small decline in the unemployment rate is cut in half – to 0.2 percent.

In October, the size of the labor force was 154 million people and 13.9 million were unemployed. In November, the labor force was 153.9 million people and 13.3 million were unemployed.

Other BLS data show the true jobless nature of the current economy. Despite the 120,000 jobs added in November, the overall population grew by 172,000, meaning that there are not enough jobs being created to keep up with population growth. Those 172,000 people went right into the ranks of those who are not in the labor force at all, a figure which rose to 86.6 million in November, up 487,000 during the month.

Secondly, the number of those who “want a job now,” according to the BLS, rose 192,000 in November, going from 6.4 to 6.55 million people in November.

Unemployment decreases, mostly because people are just giving up

The unemployment line is dwindling, but not for the reason we hoped…

CASSANDRA GARRISON NEW YORK
Published: December 02, 2011 1:34 p.m.
 
At first glance, the most recent unemployment numbers offer a glimmer of hope. We added 120,000 new jobs in November, and the unemployment rate showed an tiny improvement as well, moving from 9 percent to 8.6 percent in a month, according to the Bureau of Labor Statistics.Before we break out the happy dance (as we often do when it comes to positive economic news) let’s take a moment to examine the cold, hard facts. The sad truth underlying the newest labor statistics is that many have simply stopped looking for work altogether, which is reflected by a sharp drop in the labor market: About 487,000 people without jobs have given up even trying to find work. And if you’re not trying to find work, you’re not counted in unemployment numbers.

FOX Business
estimates the unemployment rate is closer to 18 percent when you factor in adults working part-time because they can’t get full-time jobs and college graduates who are working jobs below their skill levels.Further, FOX Business predicts we’ll be faced with this harsh reality for a while. To get the unemployment rate to 6 percent in the next three years, the country would need to add 13.1 million jobs. Safe to say, at the rate we’re going, it doesn’t look like that’s going to happen.Merry Christmas, everyone!
 
RELATED:
 
Bill Tatro:Liars Figure and Figures LieIt’s pure magic. As people continue to be discounted, the base will diminish and the unemployment rate will decline. Hooray! By Election Day, nobody will be working, but the unemployment rate will be an acceptable 6%.

Star Parker:Payroll Tax “Cut” Just Another Welfare State Scam Last year a one year cut in the payroll taxes that working Americans pay to finance Social Security was enacted in the name of so-called economic “stimulus.” But, like the rest of the economic stimuli that have come from Washington over the last three years, the only thing that has been stimulated is the growing hole of national debt into which we sink deeper and deeper.
 
Obama Abandons Middle Class and Embraces Welfare State

“The Left lies” — Stephen Green

Trifecta looks at Obama’s decision to pander to the beneficiaries of the nanny state. Is Obama making a big mistake by turning his back on working and middle class Americans? Is this a huge electoral opportunity for the GOP? Find out.

Krauthammer – Obama’s “tax cut” a McGovern redux?
Calling the proposed Obama tax cut a “phony” job creator Krauthammer reminds us that McGovern tried to buy votes the same way by offering everyone $1,000 and was laughed out of town. McGovern lost in a landslide and that is exactly what is going to happen to Obama. The “tax holiday” went down in the senate 51-49 over disagreement in how to pay for it.

America the Lazy? Obama Accuses the US Of Being Lazy

“The man hasn’t had a private sector job in his life” — Allen Barton

~ ~ ~ ~ ~

And now for some additional perspective:

Using data from the Bureau of Labor Statistics, this chart shows the recent government-spending-fueled increase in federal employment. On net, since January 2008, federal employment has increased by 85,000 – counter to the movements of employment in state and local governments and in the private sector. In aggregate statistics such as the unemployment rate, this increase has obscured harsh private sector job losses.

Related Publications

Federal Spending Without & With Sequester Cuts

Veronique de Rugy | Nov 07, 2011

https://i2.wp.com/api.ning.com/files/a48KlZSuIPxfaRnL1MkdkAi*6dnTOjrjLuIIdw4cGxa33mgkxBe2vf7D8Cb*U7Q2vbMkGfqTe7sg6CNDm9LYP*d9Lv-4nH3a/112311d.png

And now for some more additional perspective:

Need an eye opening moment – here ya go:

Top All-Time Donors, 1989-2012 http://www.opensecrets.org/orgs/list.php

Who would have guessed that the American Unions contribute more than ten times more money to Democrats than Republicans? Of course most of this money should have been properly deposited in pension funds, but hey no problem – they know Obama will bail them out. (be sure to take a real special look at the “public unions” like AFSCME, the NEA, the SEIU; and ones like CWA who have very well known Communist ties!)

https://i2.wp.com/api.ning.com/files/c1G7Az98ZPz4RQHEY1xCkrWLwT3CLtTxoeLp8CxdJOeJksDxJuhxfQ9ow2PCH3-bumkCStb3-FGAefvn9G2xD9qyVGcpX*up/unions.jpg

And one more thing: Some things never change (well, except ACORN’s new names)

ACORN and The Working Families Party: Another Connection Manhattan Conservative on September 25th, 2009

And finally back to the present:

As the leftist/union recall war continues to be waged upon him: Gov. Scott Walker: Collective Bargaining Rights for Public Employees Are Expensive Entitlements “…collective bargaining rights for public employees: they are not rights, they are expensive entitlements.” — Gov. Scott Walker

Obama union bud praises Communist China – says free market dead
Frequent White House visitor and SEIU past president Andy Stern opined in the Wall Street Journal praising communism as an economic model. This is the Team Obama advisory group revealed. Obama is on video saying he wants to make SEIU’s agenda America’s agenda.

And of course there’s the cop hating, reverse racist black nationalist, and avowed communist (former Obama admin official) Van Jones Calls on Occupiers to Block Major Ports. Once again McCarthy was right. This treasonous individual is promoting rebellion, insurrection, fostering the potential for civil war, and is the very definition of a domestic threat!

Now Van Jones may not really like this guy, cause you know he’s really pasty white, but he loves his boss, and of course loves their politics:

Fresh off the wire: VP Biden: The U.S. ‘Stands in Solidarity’ with Greece by Erika Johnsen Townhall.com – This week, the rest of the world’s banks and financial leaders are flocking to bring advice and relief to the debt-soaked eurozone to help them find a way out of their current fiscal mess and prevent widespread financial calamity. Monday morning, Vice President Biden told Greek political leaders that the United States government is “standing with you in solidarity” as Greece negotiates a second, massivebailout package from other eurozone countries and the International Monetary Fund.

VP Biden: The U.S. 'Stands in Solidarity' with Greece

Do we really ‘stand in solidarity’ with a country that’s been run into the ground by self-declared socialists, refuses to adequately reform its profligate spending habits, and has tipped the entire eurozone into financial disaster? Greece has repeatedly refused to take the tough but necessary medicine, entrenched in their socialist ways by an entitled citizenry; even if we want to prevent the eurozone from failing, we should not be ‘standing in solidarity’ with them especially if it means gifting them even one penny. How ’bout no:

Biden, who traveled from Turkey, met with President Karolos Papoulias before starting talks with new Prime Minister Lucas Papademos and leaders of the main parties backing the country’s new coalition government.

“It is overwhelmingly in the interest of the United States that Greece work its way through this financial crisis and that it remain a strong and vital part of the European Union,” Biden said before beginning talks with Papademos.

Last week, the United States joined a coordinated effort by global central banks to provide relief to banks in the eurozone. …

“We are standing with you in solidarity as you meet some very difficult requirements from the IMF and European Union in this very difficult times,” Biden said.

“Difficult requirements”? I suppose Biden would see a sustainable, balanced national budget plan as a difficult requirement, since his boss’s administration seems to be modeling our own government after the Greek plan with alarming rapidity.

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