More College-Educated Millineals Are Jobless & Living In Poverty Than Any 20th Century Generation At Same Age

Another Obama Record… More College-Educated Millineals Are Jobless & Living In Poverty Than Any 20th Century Generation At That Age – Gateway Pundit

Another record!

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Forbes reported:

It’s not all good news, though. The Pew found that both the share of college-educated 25 – 32 year-olds unemployed and those living in poverty is greater than any other generation of the 20th century at the same age. And while salaries for college grads have grown by $7K over the last 40 years, median earnings for those 25 – 32 have been stagnant for decades, even as the cost of education has soared. Other data from the University of Waterloo actually shows Millennials underearning their parents at the same age.

As well, there are important limits to the Pew’s research to consider. Their data only includes Millenials who were employed full-time during the previous year, regardless of education level. In essence, they’re only surveying those Millennials for whom education has actually paid off as to their views on education. It’s easy to say that education is a worthwhile investment if your degree has actually benefited you in the form of gainful, career-oriented work. Absent from the discussion and from the Pew’s somewhat heartening news are the attitudes of the millions of recent college grads who are unemployed or underemployed, like the 15% of 2013 grads who fall into one of those camps, or the 36% working jobs that don’t require their degrees.

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*VIDEO* Mash-Up: Barack Obama’s Weekly Address – The Minimum Wage


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Leftist Nightmare Update: Public Sector Cuts Part-Time Shifts To Bypass Obamacare

Public Sector Cuts Part-Time Shifts To Bypass Insurance Law – New York Times

Cities, counties, public schools and community colleges around the country have limited or reduced the work hours of part-time employees to avoid having to provide them with health insurance under the Affordable Care Act, state and local officials say.

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The cuts to public sector employment, which has failed to rebound since the recession, could serve as a powerful political weapon for Republican critics of the health care law, who claim that it is creating a drain on the economy.

President Obama has twice delayed enforcement of the health care law’s employer mandate, which would subject larger employers to tax penalties if they do not offer insurance coverage to employees who work at least 30 hours a week, on average. But many public employers have already adopted policies, laws or regulations to make sure workers stay under that threshold.

Even after the administration said this month that it would ease coverage requirements for larger employers, public employers generally said they were keeping the restrictions on work hours because their obligation to provide health insurance, starting in 2015, would be based on hours worked by employees this year. Among those whose hours have been restricted in recent months are police dispatchers, prison guards, substitute teachers, bus drivers, athletic coaches, school custodians, cafeteria workers and part-time professors.

The Times would like to hear from Americans who have signed up for health care under the Affordable Care Act.

Mark D. Benigni, the superintendent of schools in Meriden, Conn., and a board member of the American Association of School Administrators, said in an interview that the new health care law was having “unintended consequences for school systems across the nation.”

In Connecticut, as in many states, significant numbers of part-time school employees work more than 30 hours a week and do not receive health benefits. “Are we supposed to lay off full-time teachers so that we can provide insurance coverage to part-time employees?” Mr. Benigni asked. “If I had to cut five reading teachers to pay for benefits for substitute teachers, I’m not sure that would be best for our students.”

In Medina, Ohio, about 30 miles south of Cleveland, Mayor Dennis Hanwell said the city had lowered the limit for part-time employees to 29 hours a week, from 35. Workers’ wages were reduced accordingly, he said.

“Our choice was to cut the hours or give them health care, and we could not afford the latter,” Mr. Hanwell, a Republican, said. The city’s 120 part-time employees include office clerks, sanitation workers, park inspectors and police dispatchers.

Mr. Hanwell said that new rules issued by the Internal Revenue Service this month did not address the city’s fundamental concerns about the cost of providing health insurance.

Lawrence County, in western Pennsylvania, reduced the limit for part-time employees to 28 hours a week, from 32. Dan Vogler, the Republican chairman of the county Board of Commissioners, said the cuts affected prison guards and emergency service personnel at the county’s 911 call center.

In Virginia, part-time state employees are generally not allowed to work more than 29 hours a week on average over a 12-month period. Thousands of part-time state employees had been working more than that, according to the state personnel agency.

Virginia officials said they could not extend coverage to part-time wage workers because of the expense. Health benefits cost the state an average of more than $11,000 a year per employee.

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For months, Obama administration officials have played down reports that employers were limiting workers’ hours. But in a report this month, the Congressional Budget Office said the Affordable Care Act could lead to a reduction in the number of hours worked, relative to what would otherwise occur.

Jason Furman, the chairman of the president’s Council of Economic Advisers, reaffirmed the White House view that the law was “good for wages and incomes and for the economy over all.”

Since Mr. Obama signed the health law in March 2010, the private sector has added more than eight million jobs. But in the public sector, the picture is different.

Government employment at the federal, state and local levels is lower today than in March 2010, by a total of 698,000 jobs, the Labor Department says. And in a recent survey, the National Association of State Budget Officers found that “states plan to reduce the number of full-time employees again” this year.

It is not entirely clear how private employers will respond, but as some government officials point out, businesses at least have the option of passing along some of the additional costs to consumers.

In Indiana, Daniel T. Tanoos, the schools superintendent for Vigo County, which includes Terre Haute, said, “The school system has no way to increase prices as a private business can.”

To hold down the work hours of school bus drivers, Vigo County has reduced field trips for children and cut back transportation to athletic events. School employees who had two part-time jobs totaling more than 30 hours a week – for example, bus driver and basketball coach – were required to give up one of the jobs.

The Obama administration says “there is absolutely no evidence” of any job loss related to the Affordable Care Act. And the Congressional Budget Office says “there is no compelling evidence that part-time employment has increased” as a result of the law.

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But economists tend to focus on the private sector, which employs more people and has been adding jobs, unlike the public sector.

Republicans in Congress like Representatives Tim Griffin of Arkansas, Mike Kelly of Pennsylvania and Todd Young of Indiana said they knew of public employers in their states that had restricted the hours of part-time employees.

Authors of the health care law wanted more people to have insurance, Mr. Griffin said, but he asked: “What did they get? No insurance and less pay. Genius! That’s a genius federal program right there.”

Community colleges depend heavily on part-time faculty members, who teach about 45 percent of all courses, according to the American Association of Community Colleges. The association praised the new rules, saying they would allow many community colleges to avoid the expense of providing health benefits to part-time faculty members.

However, the denial of benefits irks some instructors.

William J. Lipkin, an adjunct professor of American history and political science at Union County College in Cranford, N.J., said: “The Affordable Care Act, rather than making health care affordable for adjunct faculty members, is making it more unaffordable. Colleges are not giving us access to health care, and our hours are being cut, which means our income is being cut. We are losing on both ends.”

The American Federation of Teachers lists on its website three dozen public colleges and universities in 15 states that it says have restricted the work assignments of adjunct or part-time faculty members to avoid the cost of providing health insurance.

The University of Akron, in Ohio, has cut back the hours of 400 part-time faculty members who were teaching more than 29 hours a week, said Eileen Korey, a spokeswoman for the school.

“We have more than 1,000 part-time faculty,” Ms. Korey said. “Four hundred would have qualified for health insurance. That would add costs that we cannot afford.”

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Representative Sheila Jackson Lee – Batshit Crazy Or Just Plain Stupid?

Sheila Jackson Lee Wants Executive Order For Full Employment – Conservative Infidel

The honorable Congresswoman from Texas, who recently argued that welfare should be renamed to a transitional living fund, has another brilliant idea up her sleeve. Given the overwhelming success of the Patient Affordable Care Act in reducing premiums, providing high quality health care to all Americans, and improving the economy, Congressional democrats have established a “Full Employment Caucus” which aims to give every American who wants to work a job.

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According to Sheila Jackson Lee (D-TX) you’re either going to support it, or President Obama will use his Executive Powers to push it through without Congressional approval.

This one is straight out of the Communist Manifesto and like any good collectivist approach it will be mandated by our benevolent central leadership committee:

Democratic Rep. Sheila Jackson Lee said that the new Congressional Full Employment Caucus will “give President Obama a number of executive orders that he can sign.”

Jackson Lee added that writing up executive orders “should be our number one agenda.”

“We will be answering the call of all of America because people need work and we’re not doing right by them by creating work,” the Texas congresswoman said.

“I believe this caucus will put us on the right path and we’ll give President Obama a number of executive orders that he can sign with pride and strength”…

“In fact, I think that should be our number one agenda. Let’s write up these executive orders – draft them, of course – and ask the president to stand with us on full employment,” Jackson Lee added.

According to a recent commentary by Rep. Fredrica Wilson and Rep. John Conyers, who are part of the Full Employment Caucus, this is an absolute necessity in America because of the widening income inequality gap:

We need a movement for a full employment society.

Every American has a stake in stopping unemployment. So it’s time to kindle a new movement built on a simple vision: Every American who wants to work should have the right to either employment or training.

Someone may want to get in touch with these Congressional Representatives, because last time we checked, every legal resident and citizen who wants to work already has a right to work in the United States of America. That’s been the case for quite a while, but we understand if these Congressional democrats weren’t aware of it because it appears in an obscure little document called The Constitution of the United States of America.

Wilson and Conyers continue, in an attempt to educate us about how big government isn’t really big government, and this regulatory environment is necessary for the optimum functioning of capitalism:

A 21st Century New Deal would establish public trusts to create work opportunities and training programs in needed areas including construction, infrastructure repair, energy efficiency, education, health care, and neighborhood renovation.

Some of our conservative colleagues in Congress might call this approach “big government.” To the contrary, we know it’s the way to optimize free-market capitalism. When every person is trained, working, earning a salary, and contributing to the tax base, we have less need for government assistance and higher levels of consumer demand and investment. We therefore have less debt and more economic growth.

This sounds great on paper. Free health care and 100% employment always do. But as we’ve seen throughout history, it doesn’t always work out that way in the real world.

You cannot mandate full employment, otherwise you end up with mega-cities that lack people. Or, as was often done behind the Berlin Wall in the East Bloc during the cold war, tens of thousands of products would be built, only to be destroyed later because no one could afford to buy them. Everyone was employed, but the economies of these communist nations collapsed in on themselves because market participants were not free to do what the market demanded. They were forced to do what government demanded.

Here’s a thought for Sheila Jackson Lee and her Caucus colleagues. Since the idea is to establish a “New Deal” for the 21st century, perhaps we could get all of those folks on “transitional living funds” and instead of doling out thousands of dollars in government distributions to people who essentially sit on their butts all day waiting for their next check, we have those folks earn their keep. We’re already shelling out billions of dollars a year to cover their “salaries,” so why not do with welfare what Ms. Jackson Lee suggested by making it a truly transitional and temporary government assistance program?

Let’s transition those folks from their couches into actual productive human beings.

If you want a check from the government and you have two functioning arms and two functioning legs, then get to work!

Here’s an example of someone who’s itching to transition right now:

Shock Interview: Welfare Recipient: “I Get to Sit Home… I Get to Smoke Weed… We Still Gonna Get Paid”

While workers out there are preaching morality at people like me living on welfare, can you really blame us?

I get to sit home… I get to go visit my friends all day… I even get to smoke weed…

Me and people that I know that are illegal immigrants that don’t contribute to society, we still gonna get paid.

Our check’s gonna come in the mail every month. and it’s gonna be on time… and we get subsidized housing… we even get presents delivered for our kids on Christmas… Why should I work?

Ya’ll get the benefit of saying “oh, look at me, I’m a better person,” but when ya’ll sit at home behind ya’lls I’m a better person… we the ones gettin’ paid!

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*VIDEO* Black Chicagoans React To The State Of The Union Address – Obama, Just Quit!


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H/T Gateway Pundit

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Wall Street Financial Expert Says The Actual Unemployment Rate Is 37.2%

Wall Street Adviser: Actual Unemployment Is 37.2%, ‘Misery Index’ Worst In 40 Years – Washington Examiner

Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

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In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.

“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.

They added that “officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”

Then there is the Misery Index, which is a calculation based in inflation and unemployment, both numbers the duo say are underscored by the government. He said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.

“These tricks, along with a host of other dubious accounting schemes, underreport inflation by about 3 percent,” they wrote, adding that the official inflation rate is just 1.24 percent.

“Today, the Misery Index would be 7.54 using official numbers,” they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, “the current misery index is closer to 14.7, worse even than during the Ford administration.”

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Record 91.8 Million Americans No Longer In Labor Force… Fake Unemployment Rate Falls To 6.7 Percent

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels – Zero Hedge

Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

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And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.

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The jobless, laborless recovery continues to steam on.

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Jobs Report Is Fraud, Greatest Ponzi Scheme In History Continues

Jobs Report Is Fraud, Greatest Ponzi Scheme In History Continues – The Blaze

I am a small businessman at “ground zero.” I don’t need Obama, the Fed, economists, or the media to tell me how the economy is doing. I live it. And I’m telling you, we’re all being lied to. The economy is not getting better, it’s getting worse.

Back in late 2007 and early 2008, I publicly predicted (numerous times) that we were entering the deepest recession since the 1929 Great Depression. At the exact moment I wrote about this, Fed Chairman Ben Bernanke was testifying in front of Congress that the economy was fine, we were not in recession, and there was little threat of a serious economic decline. It turned out he was dead wrong about everything. A small businessman always knows.

In my national bestselling book, ”The Ultimate Obama Survival Guide“ I predicted all of this: the decline of the economy, the death of jobs, the disaster of Obamacare, and the murder of the middle class. It’s all happening in front of our very eyes.

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In this Aug. 1, 2013, photo, a “Now Hiring” sign hangs in front of a new McDonald’s restaurant under construction in Tempe, Ariz. Photo Credit: Ross D. Franklin/AP

Here’s what I know. We have a jobs disaster. The numbers are sobering. Yet the mainstream media is reporting the November jobs report as if “happy days are here again.” Every media headline reports a “fantastic jobs report.” And, establishment D.C. Republicans are so dumb they accept government manipulated numbers as “fact.”

The truth is…it’s all a lie. Obama propaganda. A massive cover up. A Ponzi scheme aided and abetted by the Obama-adoring, Kool-Aid drinking mainstream media.

First, are the numbers even real? We recently found out in that in the run-up to the 2012 Presidential election, Census Bureau employees purposely reported hundreds of thousands of new jobs that did not exist. They created a false narrative that the economy was improving to fraudulently re-elect Obama. What makes you think that’s not still happening?

Why would you believe the jobs report from the same government that told you, “If you like your health insurance, you can keep it” “Obamacare will make your insurance rates go down”? and more recently, “the Obamacare web site is fixed.” All lies.

Why would you believe anything coming from an Obama administration so corrupt that it sent the IRS to intimidate a stage-4 cancer victim within days of his appearance on “Fox News” criticizing Obamacare.

But, let’s assume the 7 percent November unemployment number the national media has made its headline is accurate. Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent? The U6 measures unemployment combined with underemployment, a stat that every expert agrees is the more accurate picture of true unemployment. If a Republican was President, the 13.2 percent figure would be trumpeted in every headline.

Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent?

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But, this is only the start of the Ponzi scheme. Assuming that over 200,000 new jobs were created in November, why doesn’t the media report on what kind of jobs are being created? Are these jobs that pay enough to live a middle class lifestyle and feed your family, or crummy part-time jobs that don’t even allow employees to eat without receiving food stamps? The answer of course is the latter.

Once analyzed in detail, November’s jobs numbers will undoubtedly be exactly the same as the rest of 2013. Respected economist and author John Lott reported recently that 96 percent of the jobs created in this Obama economy since January are crummy part-time jobs.

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Bonnie Altwerger sits for a job interview with Jessica Cortes as she looks for part time work at Carter’s Children’s Wear during a job fair at Sawgrass Mills on October 11, 2013 in Sunrise, Florida. As the holiday season approaches many of the roughly 50 retailers at the job fair including Banana Republic, J.Crew Factory, Victoria’s Secret and Calvin Klein are starting to hire people for seasonal work as well as continuing to look for qualified full time employees. Photo Credit: Joe Raedle/Getty Images

Respected billionaire businessman and publisher Mort Zuckerman disagrees. He says only 88 percent of the jobs created this year under Obama are crummy part-time jobs.

No matter which figure you believe, the Obama “recovery” is a mirage. This economy is only doing well if you want a job at McDonalds.

Even worse for taxpayers, of the few full-time jobs created, almost half are government jobs.

Folks, Obama is using your taxpayer money to create government jobs that actually hurt the economy and raise your taxes. Your typical government employee collects more money in retirement than they made while working. Every government job is a gigantic net loss for taxpayers. This is a disaster. This is one of the major factors for how America wound up $17 trillion in debt – with a massive unfunded liability for government employee pensions. We desperately need private sector jobs, not government jobs.

We desperately need private sector jobs, not government jobs.

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But this is no mistake. Obama is brilliant. He wants more and more government jobs – because government employees will always protect their jobs by doing Obama’s bidding (including reporting fraudulent jobs numbers at the Census Bureau, or persecuting Obama’s critics at the IRS). And, of course, they will always vote loyally Democrat and pay union dues (which turn into bribes that fund Democrat candidates).

How bad is the private sector economy? A new study shows 41 of 50 states have lost private sector jobs under Obama.

But even that doesn’t tell the full story. I’ll make an educated guess that 80 percent of the few private sector jobs actually created under Obama belong to Big Business. Obama’s policies have purposely rewarded his backers in big business, while gutting small business, the economic sector where Americans can achieve upward mobility. If you want people to be self sufficient, reward and encourage small business. If you want people to become dependent on government, create a “crony capitalist” system that puts government in bed with big business.

Small business drives the American Dream. Like my father, who went from butcher to butcher store owner, and then put his two children through Ivy League university. Jobs at McDonalds, Home Depot and WalMart are a place to get a start, but only a socialist like Obama (whose goal is to make everyone dependent on big government by wiping out the middle class), would consider creating low-paying jobs for big business a success. Next of course, Obama dreams of giving amnesty to 10 to 15 million illegal immigrants, guaranteeing (due to competition) nothing but low wage jobs for decades to come.

Lastly, the biggest media scam of all is allowing Obama to report unemployment as “improving,” when the major reason for an improved unemployment number is due to people dropping out of the labor force to go on welfare, food stamps and disability. In October, a record 932,000 people simply stopped looking for work.

That’s what causes each month’s “drop” in unemployment. It isn’t jobs, it’s lost souls giving up because it’s impossible to find a job in Obama’s America, or it pays more to sit at home collecting welfare.

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In this Thursday, Nov. 14, 2013, file photo, Jimmetta Smith, of Lithonia, Ga., right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)

Facts don’t lie:

Along with the U6, the real unemployment number that matters is the Labor Force participation Rate. It is at the lowest level since the 1970’s.

The population of America has increased by 16 million in the past seven years, but there are 1.1 million less people working.

More Americans now receive entitlements than work full-time.

More Americans are on food stamps than population of Spain or Greece.

The 46 million Americans in poverty is twice as large as the population of Syria.

The truth is America is experiencing an “Obama Great Depression.” Obama is the greatest jobs killer in U.S. history. And things will only get worse from here. Or did you think a bad economy with no jobs would get better now that Obamacare has been unleashed on the nation?

Obama has attacked business with $1.8 trillion in new regulations for 2014, massive new Obamacare taxes, dramatic increases in the cost of health insurance, and to top it off- millions of individuals and small businesses are losing their insurance altogether. And in the midst of this, you thought the economy would improve? You believed the lies, fabrications, and manipulations coming from this administration? I have a bridge to sell you in Brooklyn.

Things are getting worse, not better. But Obama, the Fed, government economists, and the Obama-adoring mainstream media can’t tell you the truth. Or we’d have rioting, unrest, and perhaps even revolution in the streets. So they just keep lying and denying, while sending out government checks like candy to soothe the masses.

So the greatest Ponzi scheme in world history continues unabated.

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President Barack Obama’s Complete List Of Historic Firsts (Doug Ross)

President Barack Obama’s Complete List Of Historic Firsts [Updated] – Doug Ross Journal

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LAW AND JUSTICE

• First President to Violate the War Powers Act (Unilaterally Executing American Military Operations in Libya Without Informing Congress In the Required Time Period – Source: Huffington Post)

• First President to Triple the Number of Warrantless Wiretaps of U.S. Citizens (Source: ACLU)

• First President to Sign into Law a Bill That Permits the Government to “Hold Anyone Suspected of Being Associated With Terrorism Indefinitely, Without Any Form of Due Process. No Indictment. No Judge or Jury. No Evidence. No Trial. Just an Indefinite Jail Sentence” (NDAA Bill – Source: Business Insider)

• First President to Refuse to Tell the Public What He Did For Eight (8) Hours After Being Informed That a U.S. Ambassador Was Facing Imminent Death During a Terror Attack (Source: Mediate)

• First President to Lie About the Reason For an Ambassador’s Death, Blaming it on an Internet Video Rather Than What He Knew to be the Case: the Al Qaeda-linked Terror Group Ansar al-Sharia (Source: House Oversight Committee, et. al.)

• First President to Have an Innocent Filmmaker Thrown in Jail After Lying About the Cause for a Deadly Attack on U.S. Diplomats, Using the Filmmaker as a Scapegoat (Source: CNN)

• First President to Use the IRS to “Unfairly Target Political Enemies” as Well as pro-Catholic and pro-Jewish Groups (Source: Sen. Ted Cruz)

• First President to Unlawfully Seize Telephone Records of More than 100 Reporters to Intimidate and/or Bully Them (Source: Associated Press)

• First President to Witness a Single Cabinet Secretary Commit Multiple Hatch Act Violations Without Acting, Speaking Out, Disciplining or Firing That Person (Source: New York Times)

• First President to Personally Lobby Senators to Violate Senate Rules and Destroy the Filibuster Through “The Nuclear Option” to Consolidate More Executive Power (Source: Wall Street Journal)

• First President to create his own propaganda news network and “bypass journalists… [having] developed [his] own network of websites, social media and even created an online newscast to dispense favorable information and images” (Source: Associated Press)

• First President to Barricade Open-Air Government Monuments During a Partial Government Shutdown (Source: Rep. Steve Stockman)

• First President to Have His Attorney General Held in Criminal Contempt of Congress For His Efforts to Cover Up Operation Fast and Furious, That Killed Over 300 Individuals (Source: Politico)

• First President to claim Executive Privilege to shield a sitting Attorney General from a Contempt of Congress finding for perjury and withholding evidence from lawful subpoenas (Source: Business Insider)

• First President to Issue Unlawful “Recess-Appointments” Over a Long Weekend – While the U.S. Senate Remained in Session (against the advice of his own Justice Department – Source: United States Court of Appeals)

• First President to Fire an Inspector General of Americorps for Catching One of His Friends in a Corruption Case (Source: Gawker)

• First President to “Order a Secret Amnesty Program that Stopped the Deportations of Illegal Immigrants Across the U.S., Including Those With Criminal Convictions” (Source: DHS documents uncovered by Judicial Watch)

• First President to Sue States for Enforcing Voter ID Requirements, Which Were Previously Ruled Legal by the U.S. Supreme Court (Source: CNN)

• First President to Encourage Racial Discrimination and Intimidation at Polling Places (the New Black Panthers voter intimidation case, Source: Investors Business Daily)

• First President to Refuse to Comply With a House Oversight Committee Subpoena (Source: Heritage Foundation)

• First President to Arbitrarily Declare an Existing Law Unconstitutional and Refuse to Enforce It (Defense of Marriage Act – Source: ABC News)

• First President to Increase Surveillance of American Citizen Under the Patriot Act by 1,000 Percent in Four Years (Source: NBC News)

• First President to Demand a Company Hand Over $20 Billion to One of His Political Appointees (BP Oil Spill Relief Fund – Source: Fox News)

• First President to Have a Law Signed By an ‘Auto-pen’ Without Being “Present” (Source: The New York Times)

SCANDALS

• First President to publicly announce an enemies list (consisting of his opponents campaign contributors; and to use the instrumentalities of government to punish those on the list – Source: Heritage Foundation)

• First President to Attempt to Block Legally-Required 60-Day Layoff Notices by Government Contractors Due to His Own Cuts to Defense Spending – Because The Notices Would Occur Before the Election. (Source: National Journal)

• First President to Intentionally Disable Credit Card Security Measures (in order to allow over-the-limit donations, foreign contributions and other illegal fundraising measures – Source: Power Line)

• First President to send 80 percent of a $16 billion program (green energy) to his campaign bundlers and contributors, leaving only 20% to those who did not contribute. (Source: Washington Examiner)

• First President to Propose an Executive Order Demanding Companies Disclose Their Political Contributions to Bid on Government Contracts (Source: Wall Street Journal)

• First President to issue an Executive Order implementing a “Racial Justice System”, a system that tries to achieve “racially equivalent outcomes” for crimes (Source: Daily Caller)

• First President to Leak Confidential IRS Tax Records to Groups Aligned Politically With Him for Partisan Advantage (Source: The Hill Newspaper)

• First President to Use the EPA to Punish Political Enemies and Reward Political Allies (Source: Competitive Enterprise Institute)

• First President to Send Millions in Taxpayer Dollars to His Wife’s Former Employer (Source: White House Dossier)

• First President to Openly Use the Department of Justice to Intimidate Political Opponents and Threaten Companies to Donate to His Campaign (Source: Peter Schweizer, Extortion)

• First President to Direct His Census Dept. to Make Up Favorable Employment Data In Run-Up to His Reelection Campaign (Source: New York Post)

• First President to Have His Administration Fund an Organization Tied to the Cop-Killing Terrorist Group, the Weather Underground (Source: National Review)

ECONOMY

• First President to Preside Over a Cut to the Credit Rating of the United States Government (Source: Reuters)

• First President to Bypass Congress and Implement the DREAM Act Through Executive Fiat (Source: Christian Science Monitor)

• First President to Move America Past the Dependency Tipping Point, In Which 51% of Households Now Pay No Income Taxes (Source: Center for Individual Freedom)

• First President to Increase Food Stamp Spending By More Than 100% in Less Than Four Years (Source: Sen. Jeff Sessions)

• First President to Spend a Trillion Dollars on ‘Shovel-Ready’ Jobs – and Later Admit There Was No Such Thing as Shovel-Ready Jobs (Source: President Obama during an early meeting of his ‘Jobs Council’)

• First President to Threaten Insurance Companies After They Publicly Spoke out on How Obamacare Helped Cause their Rate Increases (Source: The Hill)

• First President to Abrogate Bankruptcy Law to Turn Over Control of Companies to His Union Supporters (Source: Wall Street Journal)

• First President to Propose Budgets So Unreasonable That Not a Single Representative From Either Party Would Cast a Vote in Favor (Sources: The Hill, Open Market)

• First President Whose Economic Policies Have the Number of Americans on Disability Exceed the Population of New York (Source: CNS News)

• First President to Sign a Law Requiring All Americans to Purchase a Product From a Third Party (Source: Wall Street Journal)

• First President to Sue States For Enforcing Immigration Laws Passed by Congress (Source: The Arizona Republic newspaper)

• First President to See America Lose Its Status as the World’s Largest Economy (Source: Peterson Institute)

• First President to redistribute $26.5 billion of the taxpayers’ funds to his union supporters in the UAW (Source: Heritage Foundation)

• First President to Threaten an Auto Company (Ford) After It Publicly Mocked Bailouts of GM and Chrysler (Source: Detroit News)

• First President to Run a Record 5 Straight Years of Deficits for the Disability Trust Fund (Source: CNS)

• First President to Attempt to Bully a Major Manufacturing Company Into Not Opening a Factory in a Right-to-Work State (Boeing’s facility in South Carolina – Source: Wall Street Journal)

ENERGY POLICY

• First President to Endanger the Stability of the Electric Grid by Shutting Down Hundreds of Coal-Fired Plants Without Adequate Replacement Technologies (Source: National Electric Reliability Corporation – PDF)

• First President to Have His EPA Repudiated by a Federal Judge for “Overstepping Its Powers” When They Attempted to Shut Down Coal Operations in Appalachia (Source: Huffington Post)

• First President to be Held in Contempt of Court for Illegally Obstructing Oil Drilling in the Gulf of Mexico (Source: Politico)

NATIONAL SECURITY AND WORLD AFFAIRS

• First President to Lie Repeatedly to the American People About the Murder of a U.S. Ambassador and Three Other Diplomatic Personnel for Purely Political Reasons, Rewriting a “Talking Points” Memo No Fewer Than a Dozen Times to Avoid Referencing a Pre-Planned Terror Attack (Source: ABC News)

• First President to Openly Defy a Congressional Order Not To Share Sensitive Nuclear Defense Secrets With the Russian Government (Sources: ABC News, Rep. Michael Turner)

• First President to Leak Highly Classified Military and Intelligence Secrets to Hollywood In Order to Promote a Movie That Could Help His Reelection Campaign (Source: Judicial Watch)

• First President to Renounce the Monroe Doctrine of National Security in the Western Hemisphere (Source: Wall Street Journal)

• First Nobel Peace Prize Winner to State “I’m Really Good At Killing People” (Regarding His Drone Strikes) (Source: Business Insider)

• First President to Snub the Vatican by Closing U.S. Embassy (Source: Washington Times, “Obama’s call to close Vatican embassy is ‘slap in the face’ to Roman Catholics”)

• First President to Terminate America’s Ability to Put a Man into Space (Sources: USA Today, ABC News)

• First President to press for a “treaty giving a U.N. body veto power over the use of our territorial waters and rights to half of all offshore oil revenue” (The Law Of The Sea Treaty, Source: Investors Business Daily)

• First President to send $200 million to a terrorist organization (Hamas) after Congress had explicitly frozen the money for fear it would fund attacks against civilians (Sources: American Thinker, The Independent [UK])

MISCELLANIA

• First President to Insert Himself into White House Biographies of Past Presidents (Source: The New York Times).

• First President to Complete 150 Rounds of Golf in Less Than Five Years in Office (Source: Yahoo! News)

But remember: he will not rest until all Americans have jobs, affordable homes, green-energy vehicles, and the environment is repaired, etc., etc., etc.

Click HERE For Rest Of Story

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Jobless Rate May Have Been Rigged – Investigation Underway As Data Falsification Suspected

Warning: Jobless Rate May Be Rigged – New York Post

The most curious thing of all about the November jobs report released on Friday was the huge drop in the unemployment rate – and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification.

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On Nov. 19, I broke the news in my column that the Census Bureau, which collects data that goes into the jobless rate on behalf of Labor, had caught one of its enumerators fabricating interviews in 2010.

The culprit said back then (and to me during an interview) that he was told to do so by Census supervisors who were in the position to instruct others to make similar fabrications.

In fact, a source who I haven’t named but who is familiar with the Census data accumulation process has told me that falsifications have been occurring on a regular basis.

The Census Department surveys that went into the November jobless rate actually took place during the week that included Nov. 5 instead of the normal Nov. 12 week.

The Labor Department did put in a note about the survey week change in its November report.

But it should also have included another line that said: “The data for the unemployment rate may have been compromised. Lots of people are looking into the matter right now. We’ll get back to you on whether you should believe these numbers or not.”

Why didn’t the Labor Department include a note like that? A source who knows the department well says the concept of data being falsified is so unprecedented that the bureaucrats just don’t know how to react.

They had better figure it out soon. That drop in the unemployment rate might be the straw that sends the Fed into tightening mode.

Click HERE For Rest Of Story

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Leftist Fraud Update: Census Faked 2012 Election Jobs Report

Census ‘Faked’ 2012 Election Jobs Report – New York Post

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply – raising eyebrows from Wall Street to Washington.

The decline – from 8.1 percent in August to 7.8 percent in September – might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

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Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee – that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

Ironically, it was Labor’s demanding standards that left the door open to manipulation.

Labor requires Census to achieve a 90 percent success rate on its interviews – meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

Philadelphia filled the gap with fake interviews.

“It was a phone conversation – I forget the exact words – but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.

Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.

Interviews with some 60,000 household go into each month’s jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US.

Buckmon, it turns out, was a very ambitious employee. He conducted three times as many household interviews as his peers, my source said.

By making up survey results – and, essentially, creating people out of thin air and giving them jobs – Buckmon’s actions could have lowered the jobless rate.

Buckmon said he filled out surveys for people he couldn’t reach by phone or who didn’t answer their doors.

But, Buckmon says, he was never told how to answer the questions about whether these nonexistent people were employed or not, looking for work, or have given up.

But people who know how the survey works say that simply by creating people and filling out surveys in their name would boost the number of folks reported as employed.

Census never publicly disclosed the falsification. Nor did it inform Labor that its data was tainted.

“Yes, absolutely they should have told us,” said a Labor spokesman. “It would be normal procedure to notify us if there is a problem with data collection.”

Census appears to have looked into only a handful of instances of falsification by Buckmon, although more than a dozen instances were reported, according to internal documents.

In one document from the probe, Program Coordinator Joal Crosby was ask in 2010, “Why was the suspected… possible data falsification on all (underscored) other survey work for which data falsification was suspected not investigated by the region?”

On one document seen by The Post, Crosby hand-wrote the answer: “Unable to determine why an investigation was not done for CPS,” or the Current Population Survey – the official name for the unemployment report.

With regard to the Consumer Expenditure survey, only four instances of falsification were looked into, while 14 were reported.

I’ve been suspicious of the Census Bureau for a long time.

During the 2010 Census report – an enormous and costly survey of the entire country that goes on for a full year – I suspected (and wrote in a number of columns) that Census was inexplicably hiring and firing temporary workers.

I suspected that this turnover of employees was being done purposely to boost the number of new jobs being report each month. (The Labor Department does not use the Census Bureau for its other monthly survey of new jobs – commonly referred to as the Establishment Survey.)

Last week I offered to give all the information I have, including names, dates and charges to Labor’s inspector general.

I’m waiting to hear back from Labor.

I hope the next stop will be Congress, since manipulation of data like this not only gives voters the wrong impression of the economy but also leads lawmakers, the Federal Reserve and companies to make uninformed decisions.

To cite just one instance, the Fed is targeting the curtailment of its so-called quantitative easing money-printing/bond-buying fiasco to the unemployment rate for which Census provided the false information.

So falsifying this would, in essence, have dire consequences for the country.

Click HERE For Rest Of Story

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Related article:

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FLASHBACK 10/05/12: Jack Welch Questions Jobs Numbers – CNN

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The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.

“Unbelievable jobs numbers… these Chicago guys will do anything… can’t debate so change numbers,” tweeted Welch, the former CEO of General Electric (GE, Fortune 500).

Welch did not respond to a request for further comment. In an interview later in the day on MSNBC, he admitted that he had no evidence that the jobs numbers were manipulated, but said they “defy logic.”

The unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics’ survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.

Labor Secretary Hilda Solis criticized the conspiracy theories Friday.

“This is a methodology that’s been used for decades. And it is insulting when you hear people just cavalierly say that somehow we’re manipulating numbers,” Solis told CNN’s Richard Quest.

Welch wasn’t alone in raising questions about the jobs numbers.

Americans for Limited Government, a conservative group that has been a steady critic of the Obama administration, issued a statement that said the numbers the BLS “used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama’s campaign promises one month before the election, the conclusions are obvious. Anyone who takes this unemployment report serious is either naive or a paid Obama campaign adviser.”

iReport: Are you reluctantly taking a part-time job?

Conn Carroll, a senior writer at the conservative Washington Examiner suggested a slightly less nefarious form of manipulation of the data.

“I don’t think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect,” he tweeted. “Would love to see the partisan breakdown of the 873,000 Americans who say they got new jobs.”

BLS denied there was any manipulation of the data or anything out of the ordinary about the unemployment rate calculation.

“No political appointee is involved in the collecting, processing and analyzing of the data,” said Thomas Nardone, the associate commissioner for employment and unemployment statistics.

Nardone said the Council of Economic Advisers doesn’t get the numbers until Thursday afternoon, and that the Secretary of Labor he rself doesn’t see them until Friday morning.

Even some conservative economists defended the BLS’s integrity and legitimacy of the numbers.

“The jobs #’s may look fishy to some, but if you step back, it’s just a plow horse economy lumbering along,” tweeted Brian Wesbury, chief economist at First Trust.

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Click HERE For Rest Of Story

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Real Unemployment Rate Rises To 13.8%

Real Unemployment: 13.8% – CNS

The “real” unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics (BLS).

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Though the national unemployment rate is 7.3%, the “real” unemployment rate is a broader measure of the number of people in the United States, 16 and older, currently looking for jobs.

Known as the U-6 unemployment rate, this “real” unemployment figure, seasonally adjusted, includes the unemployed “plus all persons marginally attached to the labor force, plus total employed part time for economic reasons…”

The U-6 rate captures the fuller picture of people who are willing and able to work, but cannot find a job.

Since President Barack Obama has been president, the U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009 and the same rate in February, March, and April 2010. The U-6 rate did not fall below 14% under Obama until March 2013, when it hit 13.8%, the same rate for October 2013.

Click HERE For Rest Of Story

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Obama-Loving SEIU Unionists Strike Over Obamacare-Caused Job Cuts

SEIU Unionists Strike Over Obamacare-Related Cuts – Washington Examiner

Members of the Chicago-based Service Employees International Union Local 1 have gone on strike over recent job cuts by a janitorial company called Professional Maintenance.

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The reason for the cuts? The employer says it is because of the Affordable Care Act, also known as Obamacare. This is ironic since SEIU is a major supporter of the law.

Tyler French, Local 1′s organizing director, told Mediatrackers Ohio the company claimed it had to cut its employees’ hours due to Obamacare mandates.

French did not believe the explanation, though, calling it the “latest excuse in a long line of many that we’ve seen from corporate America.”

But others throughout the organized labor movement have warned that such actions will be a direct consequence of the President Obama’s health care law.

At the AFL-CIO’s convention in Los Angeles earlier this month, Loretta Johnson, secretary-treasurer of the American Federation of Teachers, said it was already happening in her union.

“We are seeing employer after employer cut hours so as to avoid the 30-hour definition of a full-time job,” Johnson said. The AFL-CIO passed a resolution demanding either Congress or Obama fix the law to stop it from hurting union members.

Under Obamacare, once a person works more than 30 hours a week, that person counts toward the requirement that companies provide insurance if they have more than 50 employees.

SEIU enthusiastically backed Obamacare when it passed and remains a booster of the law today. Earlier this month, it announced that it was sending nurses, doctors and other health care professionals out to promote the law in 30 cities over the coming months.

Click HERE For Rest Of Story

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*VIDEO* Another Terrific Ted Cruz Speech – New Hampshire (08/23/13)


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PLEASE DON’T FORGET TO SIGN SENATOR TED
CRUZ’S PETITION TO DEFUND OBAMACARE

Dont Fund Obamacare
………………………Click on image above to sign petition.

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There Is No Jobs Recovery

There Is No Jobs Recovery – Conservative Intelligence Briefing

Today’s Gallup poll on global employment happens to touch on the same topic as my Washington Examiner column, published yesterday. There is no labor market recovery going on in the U.S.

At about 47 percent (the BLS figure, consistent with Gallup’s U.S. data), the U.S. is now just barely above the world average of 44 percent when it comes to the full-time employment rate, counting both employees and the self-employed.

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Since the 2008 crash, a lower percentage of Americans has been working for a living than at any point since the early 1980s – and it’s also a lower percentage than we’ve had for any sustained period since the 1970s. Full-time employment accounts for pretty much the entire loss. In terms of full-time jobs created, we’re just barely keeping up with population growth and making no serious progress toward what we once considered “normal.”

We’re going on five years with an unnaturally low employment rate, by historical standards. And the international comparison is quite unfavorable, when you consider that in several of the nations we’re being compared to, women don’t work.

So is the American dream dead? Or can we blame some or all of the policies of the last four years for preventing a recovery?

My column was an attempt to show how the topline jobs numbers (unemployment and net jobs created, most recently reported on Friday) have been grossly misleading, especially for the layman, as indicators of where the job market is:

We learned Aug. 2 that the economy produced 162,000 net new jobs in July. And the unemployment rate has also come down gradually (if not steadily) to 7.4 percent since it reached its peak of 10 percent in October 2009.

But the focus on these numbers leaves the layman at a loss, or even misleads him… [T]hey obscure things we need to understand to grasp the full picture. The first is that job creation doesn’t happen in a vacuum – it has to keep up with population growth.

It has barely done so over the last few years (as the accompanying chart shows), and we’re not closer to a return to previous levels.

A related problem with the other headline number – the unemployment rate – is that most or all of its decrease over the last few years is attributable to workforce attrition. As long as people keep giving up on finding work, it keeps going down.

One stat that is routinely ignored but perhaps more helpful is in the current climate is the employment-population ratio, which the Labor Department also publishes each month. You get this number by dividing the number of employed by the working-age population.

Obviously, this number took a huge hit amid the 2008 financial crisis (as the chart shows). But that was a long time ago. The more relevant question, now that we’re supposedly in a recovery, is what this ratio has been doing during the last four years. And as the accompanying chart shows, the answer is basically nothing.

When we talk about a “recovery,” we’re generally referring to a restoration of things to a previous condition. That isn’t happening in the job market. It hasn’t even started.

You can read it all here. I’m not the only person freaking out about this – when I filed the column on Friday night, I was unaware that The New York Times’ David Leonhardt had briefly touched onthis same topic, from a different angle.

Click HERE For Rest Of Story

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CRUZapalooza! Your Daley Gator Tuesday Afternoon Ted Cruz Video Overload


2012 Values Voter Summit Speech

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2013 Hillsdale College Commencement Speech

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Abolish The IRS

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2013 CPAC Keynote Speech

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2012 Faith & Freedom Coalition Speech

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Senate Gun Control Hearings

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2013 South Carolina GOP Silver Elephant Dinner Speech

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Senate Floor Speech On The Defunding Of Obamacare

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2012 Republican National Convention Speech

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Your Daley Gator Obamaconomy Update For Thursday

The One Chart That Shows Just How Stuck Our Economy Is – National Journal

The U.S. jobs picture is bleaker than the most recent jobs reports may make you think. The economy added 175,000 jobs last month, but at the rate things are going, it would take almost a decade to get back to prerecession employment levels. A Job Openings and Labor Turnover Survey report released Tuesday by the Bureau of Labor Statistics digs in on the bad news: The number of job openings in the U.S. actually fell by 118,000 in April to 3.8 million.

How bad can 3.8 million job openings be? The Economic Policy Institute looks at the number and sees that “the main problem in the labor market is a broad-based lack of demand for workers—and not, as is often claimed, available workers lacking the skills needed for the sectors with job openings.” To bolster this point, they put forward this chart:

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In every industry, the number of unemployed workers outpaces the number of job openings. To state the obvious: To get that disparity to dramatically shrink, we’ve got a long way to go.

Click HERE For Rest Of Story

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Confirmed: Obama Is The Worst Economic President Ever

Confirmed: Barack Obama Is… Worst. Economic. President. Ever. – Gateway Pundit

We already knew:

** Barack Obama is the worst jobs president since the Great Depression.
** Poverty is at its highest rate since 1960′s.
** America is experiencing its worst economic recovery ever.
** There are more Americans on food stamps than entire population of Spain.
** A record number of Americans are seeking jobs.
** Obama’s trillion dollar stimulus failed.
** Under Obama’s leadership we had four straight years of trillion dollar deficits.
** 8.8 million Americans are on disability.

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Now we can confirm that Barack Obama is the Worst Economic President in US history.

In fact, if President Obama could go back in time and find a way to double his GDP performance, he’d still hold the record for the worst economic president in the past 60 years.

The Las Vegas Review Journal reported:

You don’t have to be a financial whiz to know that the economy isn’t good. Times are tough, and they’ve been tough for some time. The middle class has shrunk; wealth has diminished; poverty is up; and unemployment, especially for minorities, is nothing short of miserable.

But how bad is it, really?

Up until very recently, this was hard to quantify and thus became in large part a political argument. Today, however, enough time has passed that economists now have data points to scientifically put President Barack Obama’s economic policy in its proper place.

On the old legacy-o-meter, things aren’t looking good for Obama and his supporters, who so desperately wanted him to succeed…

…In an article for Investor’s Business Daily, Anderson writes: “Prior to Obama, the second term of President Bush featured the weakest gains in the gross domestic product in some time, with average annual (inflation-adjusted) GDP growth of just 1.9 percent … but average annual real GDP growth during Obama’s entire first term was less than half as much at a pitiful 0.8 percent.”

That performance will establish Obama firmly as the worst president ever on the economy.

Obama’s GDP growth is less than half as much as the worst president in the past 60 years.

Let that process slowly. That means that if President Obama could go back in time and find a way to double his GDP performance, he’d still hold the record for the worst economic president in the past 60 years.

Click HERE For Rest Of Story

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The Hidden Jobless Disaster (Edward P. Lazear)

The Hidden Jobless Disaster – Edward P. Lazear

The market tanked Wednesday on bad preliminary job news. And so, when Friday’s jobs report is released, the unemployment rate and the number of new jobs will come in for close scrutiny. Then again, they always attract the most attention. Even the Federal Reserve focuses on the unemployment rate, announcing on a number of occasions that a rate of 6.5% will indicate when it is time to start raising interest rates and winding down the Fed’s easy-money policies.

Yet the unemployment rate is not the best guide to the strength of the labor market, particularly during this recession and recovery. Instead, the Fed and the rest of us should be watching the employment rate. There are two reasons.

First, the better measure of a strong labor market is the proportion of the population that is working, not the proportion that isn’t. In 2006, 63.4% of the working-age population was employed. That percentage declined to a low of 58.2% in July 2011 and now stands at 58.6%. By this measure, the labor market’s health has barely changed over the past three years.

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Second, the headline unemployment rate, what the Bureau of Labor Statistics calls “U3,” uses as its numerator the number of individuals who are actively seeking work but do not have jobs. There is another highly relevant measure that captures what is going on in the economy. “U6″ counts those marginally attached to the workforce—including the unemployed who dropped out of the labor market and are not actively seeking work because they are discouraged, as well as those working part time because they cannot find full-time work.

Every time the unemployment rate changes, analysts and reporters try to determine whether unemployment changed because more people were actually working or because people simply dropped out of the labor market entirely, reducing the number actively seeking work. The employment rate—that is, the employment-to-population ratio—eliminates this issue by going straight to the bottom line, measuring the proportion of potential workers who are actually working.

During the past three decades the relation between unemployment and employment has been almost perfectly inverse. (See the nearby chart.) When the employment-to-population ratio rises, the unemployment rate falls. When the unemployment rate rises, the employment-to-population ratio falls. Even the turning points are aligned. Consequently, the unemployment rate has been a very good proxy for the employment rate. But that relationship has completely broken down during the most recent recession.

While the unemployment rate has fallen over the past 3½ years, the employment-to-population ratio has stayed almost constant at about 58.5%, well below the prerecession peak. Jobs are always being created and destroyed, and the net number of jobs over the last 3½ years has increased. But so too has the size of the working-age population. Job growth has been just slightly better than what it takes to keep the employed proportion of the working-age population constant. That’s why jobs still seem so scarce.

The U.S. is not getting back many of the jobs that were lost during the recession. At the present slow pace of job growth, it will require more than a decade to get back to full employment defined by prerecession standards.

The striking deficiency in jobs is borne out by the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. Despite declining unemployment rates, the number of hires during the most recent month (March 2013) is almost the same as it was in January 2009, the worst month for job losses during the entire recession (4.2 million then, 4.3 million now).

Why have so many workers dropped out of the labor force and stopped actively seeking work? Partly this is due to sluggish economic growth. But research by the University of Chicago’s Casey Mulligan has suggested that because government benefits are lost when income rises, some people forgo poor jobs in lieu of government benefits—unemployment insurance, food stamps and disability benefits among the most obvious. The disability rolls have grown by 13% and the number receiving food stamps by 39% since 2009.

These disincentives to seek work may also help explain the unusually high proportion of the unemployed who have been out of work for more than 26 weeks. The proportion of unemployed who are long-termers reached 45% in April 2010 and again in March 2011. It is still above 37%. During the early 1980s, when the economy experienced a comparable recession, the proportion of long-term unemployed never exceeded 27%.

The Fed may draw two inferences from the experience of the past few years. The first is that it may be a very long time before the labor market strengthens enough to declare that the slump is over. The lackluster job creation and hiring that is reflected in the low employment-to-population ratio has persisted for three years and shows no clear signs of improving.

The second is that the various programs of quantitative easing (and other fiscal and monetary policies) have not been particularly effective at stimulating job growth. Consequently, the Fed may want to reconsider its decision to maintain a loose-money policy until the unemployment rate dips to 6.5%.

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Thanks Barack… Shorter Work Week Equivalent To 500,000 Jobs Lost

Thanks Barack… Shorter Work Week Equivalent To 500,000 Jobs Lost – Gateway Pundit

The good news is the unemployment rate dropped to 7.5%. The bad news is that companies are cutting hours.

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In April the shorter work week was equivalent to 500,000 jobs lost.

Market Watch reported:

The April employment report exceeded expectations, with 165,000 jobs created and a welcome drop in the unemployment rate to 7.5%.

But there was a dark side to the report: Total hours worked fell sharply, and the total amount of money earned by U.S. workers actually declined from the month before.

“Aggregate weekly hours” is an obscure series of data in the jobs report, but it’s vital to understanding how strong the economy is performing. As the name implies, it measures the total number of hours worked, which is what matters for sizing up overall growth in the economy.

Usually, we focus just on the number of new jobs created and the unemployment rate, but the number of hours we work matters just as much, if not more, to our economic well-being…

…In April, companies hired 165,000 more workers, but they cut everyone’s hours (on average) by 12 minutes. That doesn’t sound like much of a decline, but spread out over the 135 million-strong work force, the decline in hours worked is the equivalent of firing more than 500,000 workers while keeping hours steady.

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