Category Archives: Jobs

NC January unemployment rate 5.4 percent LOL, May 2008 comparison showed over 5 percent plummet in participation rate, Jan data not available yet, LAUS data being rectified, BLS 2015 redesign

NC January unemployment rate 5.4 percent LOL, May 2008 comparison showed over 5 percent plummet in participation rate, Jan data not available yet, LAUS data being rectified, BLS 2015 redesign

 

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”

 

***  UPDATE BELOW  ***

The January 2015 employment data for NC was announced March 17.

Several days ago I attempted to access the LAUS, Local Area Unemployment Statistics, for North Carolina.
I got this message :

“Due to maintenance this site is temporarily unavailable. 

You can access our data using one of our other available applications:
AccessNC OR NCWorks

If you need to contact us please call 919.707.1500.”

The next day I called, was transferred to a specialist & left a message.

I have received no return call.

From the US Labor Department BLS.

“What does the LAUS 2015 Redesign entail?

The 2015 LAUS Redesign includes improved time-series models for the census divisions, states, select substate areas, and the balances of those states; an improved real-time benchmarking procedure to the national Current Population Survey (CPS) estimates; an improved smoothed seasonal adjustment procedure; and improved treatment of outliers.

Non-modeled area estimation improvements include: updated Dynamic Residency Ratios (DRR); more accurate estimates for all-other employment; more accurate estimation of agricultural employment; and improved estimation of non-covered agricultural unemployment. Handbook estimation is now done at the county level instead of at the Labor Market Area (LMA) level, which better reflects local conditions. The Redesign also introduces estimation inputs from the American Community Survey (ACS) to replace inputs that were previously obtained from the decennial census long-form survey.

In addition, 2010 Office of Management and Budget (OMB) delineations for metropolitan areas, metropolitan divisions, and micropolitan areas and new LAUS small labor market areas will be implemented with the 2015 LAUS Redesign.

How often does LAUS conduct major redesigns to its methodology?
Typically every 10 years.

When will the LAUS 2015 Redesign changes be implemented?
The 2015 Redesign is being implemented with the publication of January 2015 estimates.”

“Why is LAUS making these program improvements?

Some issues have been identified with the 2005 methods of estimation at the state and substate levels that affect accuracy and analysis of the estimates. Because LAUS is committed to producing high-quality data, it must conduct research and improve its methods and procedures. Moreover, when data sources cease to exist, it must find new sources to replace them. The 2015 state and substate estimation approaches generate more accurate and reliable estimates.”

“How will the LAUS 2015 Redesign affect historical comparisons?

For the census divisions, states, and balance of states, the entire historical series from January 1976 forward will be replaced with estimates based on the redesigned models. For the five modeled metropolitan areas and divisions, the plan is to re-estimate back to 1990. For the remaining substate areas, the re-estimation with the new methodology will be carried back to 2010. Hence, many areas can be expected to display breaks in series between 2009 and 2010.”

http://www.bls.gov/lau/2015redesignqa.htm#Q02

I can’t wait to see the “rectifications.”

I have criticized NC Governor Pat McCrory as well as Obama.

From Citizen Wells February 5, 2015.

From the State Of the State speech February 4, 2015.

“As I said, two years ago, our unemployment rate was the fifth highest in the nation. So we all rolled up our sleeves, made the tough decisions, and as of today, the private sector has created nearly 200,000 new jobs. We went from the 5th highest in unemployment to the 23rd lowest, and now we’re even beating South Carolina. Despite this tremendous accomplishment there are still a lot of communities, small businesses, and individuals that are hurting, and there is still much work to be done. Therefore, my administration’s focus will be on five areas that have the greatest impact on our people. ”

“Much of the drop in the unemployment rate in NC came from people dropping out of the labor force.

From Citizen Wells December 21, 2014.

“Despite what you may have read from the low information mainstream media, baby boomers retiring are not the cause of the drop in the labor force in NC or US.

Do the math or read prior articles at Citizen Wells.

Lack of jobs is the problem.

From May of 2008 to November of 2014, the labor force participation rate plummeted 5 percent in NC. The unemployment rate is the same.””

“Greensboro News Record February 5, 2015.

“The unemployment rate in the Greensboro-High Point metro area decreased to 5.3 percent in December 2014, compared with 6.9 percent in December 2013, according to a report from the N.C. Department of Commerce.”

““The state’s labor force shrunk 0.2 percent in November, losing 13,534 people. Over the past year, the labor force has shrunk 0.7 percent, for a reduction of 31,665 people.

A shrinking labor force will drive down the unemployment rate because fewer people are looking for work.””

“From the Center for Immigration Studies August 2014.

“An analysis of government data by the Center for Immigration Studies shows that, since 2000, all of the net increase in the number of working-age (16 to 65) people holding a job in North Carolina has gone to immigrants (legal and illegal). This is the case even though the native-born accounted for 61 percent of growth in the state’s total working-age population.””

https://citizenwells.wordpress.com/2015/02/05/nc-governor-pat-mccrory-speech-on-employment-misleading-big-unemployment-rate-lie-greensboro-news-record-article-record-numbers-leave-labor-force-percent-of-population-working-plummets-immigrants/

The primary reason that the unemployment rate has dropped is due to the plummet of the labor force participation.

From Citizen Wells January 29, 2015.

“NC labor force participation rate plummets 5.3 percent since May 2008, Reason for unemployment rate drop, Reason for drop in claims, No more employees left to lay off, NC ninth most populous state”

https://citizenwells.wordpress.com/2015/01/29/nc-labor-force-participation-rate-plummets-5-3-percent-since-may-2008-reason-for-unemployment-rate-drop-reason-for-drop-in-claims-no-more-employees-left-to-lay-off-nc-ninth-most-populous-state/

From Citizen Wells December 21, 2014.

“Despite what you may have read from the low information mainstream media, baby boomers retiring are not the cause of the drop in the labor force in NC or US.

Do the math or read prior articles at Citizen Wells.

Lack of jobs is the problem.

From May of 2008 to November of 2014, the labor force participation rate plummeted 5 percent in NC. The unemployment rate is the same.

From NC Spin December 20, 2014.

“North Carolina’s jobless rate fell to 5.8 percent in November, the lowest since May 2008, as the state’s economy gains force in the second half of the year.”

https://citizenwells.wordpress.com/2014/12/21/nc-labor-force-participation-rate-plummets-5-percent-from-may-2008-to-november-2014-unemployment-rate-same-baby-boomers-retiring-not-cause-of-labor-force-drop-lack-of-jobs-causes-younger-people-to/

 

***  Update 3/21/2015 10:10 AM  ***

From the NC LAUS

“This application is expected to be available on March 24, 2015.”

 

 

 

 

Janet Yellen jobs lies, Obama lies, Media lies, Yellen employment growth strong and touts stated unemployment rate, Gallup CEO Jim Clifton correct, Dictionary states lie is anything that gives or is meant to give a false impression

Janet Yellen jobs lies, Obama lies, Media lies, Yellen employment growth strong and touts stated unemployment rate, Gallup CEO Jim Clifton correct, Dictionary states lie is anything that gives or is meant to give a false impression

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Two people with vast knowledge of US employment have made statements in the past several years.

Keith Hall ran the Bureau of Labor Statistics from 2008 to 2012.

From the Atlanta Journal Constitution August 5, 2013.

“The July government employment report released Friday showed the job market treading water.”And a closer look at one of the two measures the Labor Department uses to gauge employment suggests that part-time work accounted for almost all the job growth that’s been reported over the past six months. …” ‘Over the last six months, of the net job creation, 97 percent of that is part-time work,’ said Keith Hall, a senior researcher at George Mason University’s Mercatus Center. ‘That is really remarkable.’”

Read more:

http://www.ajc.com/weblogs/kyle-wingfield/2013/aug/05/obamacare-economy-35-part-time-jobs-every-new-full/

Jim Clifton is the CEO of Gallup.

From Gallup February 3, 2015.

“The Big Lie: 5.6% Unemployment”

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.

There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.

And it’s a lie that has consequences, because the great American dream is to have a good job, and in recent years, America has failed to deliver that dream more than it has at any time in recent memory. A good job is an individual’s primary identity, their very self-worth, their dignity — it establishes the relationship they have with their friends, community and country. When we fail to deliver a good job that fits a citizen’s talents, training and experience, we are failing the great American dream.”

Read more:

http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

Jim Clifton was attacked and ridiculed.

But Clifton was correct.

Websters New World College Dictionary

“The official dictionary of the Associated Press”
Lie definition (noun)
“anything that gives or is meant to give a false impression.”
So why does Janet Yellen, Obama the liar in chief and the media continue to tout the “low” unemployment rate.

It is a big lie!!!

Janet Yellen in her FOMC presentation repeatedly referred to the “low” unemployment rate in the context of strong employment growth as well as the number of “jobs” being added.

“We have seen continued progress toward our objective of maximum employment. The pace of employment growth has remained strong, with job gains averaging nearly 290,000 per month over the past three months. The unemployment rate was 5.5 percent in February; that’s three-tenths lower than the latest reading available at the time of our December meeting.”

http://www.federalreserve.gov/mediacenter/files/FOMCpresconf20150318.pdf

Obama has a long well documented tradition of lying.

The mainstream media is controlled by Big Brother Obama.

So why is Yellen lying?

Let’s examine US employment in the short term and over Obama’s 6 year tenure.

All of this data can be found at the US Labor Dept. BLS site.

The latest report was for February 2015.

The Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000  gain in employment.

And Whites had 43,000  fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Does Yellen consider this strong employment growth?

That does not even cover new entrants into the labor force.

Remember, there are approx. 4 million people turning 16 each year in the US. This is from people living here and does not count illegals.

From Obama’s first 6 years.

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

Read more:

https://citizenwells.wordpress.com/2015/03/18/janet-yellen-fomc-press-conference-march-18-2015-pace-of-employment-growth-has-remained-strong-continued-progress-toward-maximum-employment-of-whom-illegal-aliens-job-gains-averaging-nearly-290k/

What about people losing their job?

Averaging 300,000 initial claims each week seems to be a victory to those in government and the media.

From Zero Hedge March 19, 2015.

“After some ‘stability’ in the last few weeks, initial jobless claims in the major shale states has started to rise again with Texas the most impacted for now. Overall initial jobless claims rose very modestly to 291k, but leaves the 4-week average above 300k for the 2nd week in a row – the first time in over 6 months.”

http://www.zerohedge.com/news/2015-03-19/initial-claims-hold-worst-levels-6-months-shale-state-joblessness-re-surges

I have been concerned for some time that we are not getting the full impact of these numbers.

From the BLS.

Unemployment insurance (UI) programs are administered at the state level and provide assistance to jobless people who are looking for work. Statistics on the insured unemployed in the United States are collected as a by-product of state UI programs. Workers who lose their jobs may file applications to determine if they are eligible for UI assistance. These applications are referred to as “initial claims.” Claimants who meet the eligibility requirements must file “continuing claims” for each week that they seek benefits.

Data on initial and continuing UI claims are maintained by the Employment and Training Administration, an agency of the U.S. Department of Labor, and are available on the Internet at http://workforcesecurity.doleta.gov/unemploy/claims.asp.

While the UI claims data provide useful information, they are not used to measure total unemployment because they exclude several important groups. To begin with, not all workers are covered by UI programs. For example, self-employed workers, unpaid family workers, workers in certain not-for-profit organizations, and several other small (primarily seasonal) worker categories are not covered.

In addition, the insured unemployed exclude the following:

  1. Unemployed workers who have exhausted their benefits.
  2. Unemployed workers who have not yet earned benefit rights (such as new entrants or reentrants to the labor force).
  3. Disqualified workers whose unemployment is considered to have resulted from their own actions rather than from economic conditions; for example, a worker fired for misconduct on the job.
  4. Otherwise eligible unemployed persons who do not file for benefits.

Because of these and other limitations, statistics on insured unemployment cannot be used as a measure of total unemployment in the United States. Indeed, over the past decade, only about one-third of the total unemployed, on average, received regular UI benefits.”

http://www.bls.gov/cps/cps_htgm.htm

The number of people who have lost jobs and in some cases fallen by the wayside may be much higher than we thought.

I hope to report more on this soon.

I know that the mainstream media is not reporting this.

Are Rush Limbaugh, Sean Hannity, Glenn Beck or your favorite talk radio host reporting these facts?

Let me know.

 

 

 

 

 

Janet Yellen FOMC press conference March 18, 2015, Pace of employment growth has remained strong, Continued progress toward maximum employment, Of whom illegal aliens?, Job gains averaging nearly 290k per month, Slack in labor market continues to diminish, OMG what the hell is wrong with Yellen?

Janet Yellen FOMC press conference March 18, 2015, Pace of employment growth has remained strong, Continued progress toward maximum employment, Of whom illegal aliens?, Job gains averaging nearly 290k per month, Slack in labor market continues to diminish, OMG what the hell is wrong with Yellen?

“Why does Janet Yellen keep misrepresenting the jobs situation and quoting the big lie of the unemployment rate?”…Citizen Wells 

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

Jenet Yellen is answering questions as I write this and read the

Transcript of Chair Yellen’s FOMC Press Conference Opening Statement March 18, 2015.

“We have seen continued progress toward our objective of maximum employment. The pace of employment growth has remained strong, with job gains averaging nearly 290,000 per month over the past three months. The unemployment rate was 5.5 percent in February; that’s three-tenths lower than the latest reading available at the time of our December meeting. Broader measures of job market conditions—such as those counting individuals who want and are available to work but have not actively searched recently and people who are working part time but would rather work full time—have shown similar improvement. As we noted in our statement, slack in the labor market continues to diminish. Meanwhile, the labor force participation rate—the percentage of working-age Americans either working or seeking work—is lower than most estimates of its trend and wage growth remains sluggish, suggesting that some cyclical weakness persists. So considerable progress clearly has been achieved, but room for further improvement in the labor market continues.

We continue to expect sufficient underlying strength in economic growth to support ongoing improvement in the labor market. After averaging about 2-1/2 percent over 2014, growth of real gross domestic product appears to have slowed in the first quarter of this year, in part reflecting a moderation in household spending. In addition, the recovery in the housing sector remains subdued and export growth looks to have weakened. Looking ahead, however, the Committee continues to expect a moderate pace of GDP growth, with robust job gains and lower energy prices supporting household spending.”

“This assessment of the outlook is reflected in the individual economic projections submitted for this meeting by the FOMC participants. As always, each participant’s projections are conditioned on his or her own view of appropriate monetary policy. The unemployment rate projections over the next few years and in the longer run are generally a bit lower than the December projections. At the end of this year, the central tendency for the unemployment rate stands at 5.0 to 5.2 percent, in line with participants’ estimates of the longer-run normal unemployment rate. Committee participants generally see the unemployment rate declining a little further over the course of 2016 and 2017.”

http://www.federalreserve.gov/mediacenter/files/FOMCpresconf20150318.pdf

There is only one explanation for Janet Yellen’s irresponsible statements about the employment situation in the US.

She is either on drugs or being scripted by the Obama camp.

She can’t be that stupid.

She keeps quoting the unemployment rate, in fact I just heard her refer to it.

Jim Clifton, the CEO of Gallup calls it a lie!

It is!!!

And her touting the recent job gains.

The US Labor Dept. BLS reported 295,000 job gains for February 2015.

It also reported that there were only 96,000 more employments and in fact 43,000 fewer white employments.

Zero Hedge and Citizen Wells are questioning these Orwellian claims.

From Citizen Wells March 18, 2015.

Wall Street and main street had better be worried about the real state of the economy and the jobs crisis in this country.

Yesterday Zero Hedge questioned the monthly jobs data from the US Labor Dept. BLS.

“Something Strange Is Going On With Nonfarm Payrolls”

“Falling wages aside (a critical topic as it singlehandedly refutes the Fed’s bedrock thesis of no slack in a labor force in which there are 93 million Americans who no longer participate in the job market) going back to the original topic of which economic factors are prompting the Fed to assume there is an economic recovery, without exaggeration, all alone.

Is there nothing else that can validate the Fed’s rate hike hypothesis? Well… no.

Below is a selection of the economic data points that have missed expectations in just the past month.

MISSES

  1. Personal Spending
  2. Construction Spending
  3. ISM New York
  4. Factory Orders
  5. Ward’s Domestic Vehicle Sales
  6. ADP Employment
  7. Challenger Job Cuts
  8. Initial Jobless Claims
  9. Nonfarm Productivity
  10. Trade Balance
  11. Unemployment Rate
  12. Labor Market Conditions Index
  13. NFIB Small Business Optimism
  14. Wholesale Inventories
  15. Wholesale Sales
  16. IBD Economic Optimism
  17. Mortgage Apps
  18. Retail Sales
  19. Bloomberg Consumer Comfort
  20. Business Inventories
  21. UMich Consumer Sentiment
  22. Empire Manufacturing
  23. NAHB Homebuilder Confidence
  24. Housing Starts
  25. Building Permits
  26. PPI
  27. Industrial Production
  28. Capacity Utilization
  29. Manufacturing Production
  30. Dallas Fed
  31. Chicago Fed NAI
  32. Existing Home Sales
  33. Consumer Confidence
  34. Richmond Fed
  35. Personal Consumption
  36. ISM Milwaukee
  37. Chicago PMI
  38. Pending Home Sales
  39. Personal Income
  40. Personal Spending
  41. Construction Spending
  42. ISM Manufacturing
  43. Atlanta Fed GDPNow

So a pattern emerges: we have an economy in which jobs and only jobs are acting as if there is a strong recovery, while everything else is sliding, disappointing economists, and in fact hinting at another contraction (whatever you do, don’t look at the Fed’s internal model of Q1 GDP).

To be sure, economists these days are better known as weathermen, and so they are quick to blame every economic disappointment on the weather. Because, you see, they were unaware it was snowing outside when they provided their forecasts about the future, a future which should be impacted by the snowfall that day, and which they promptly scapegoat as the reason for their cluelessness. Yet one wonders: why didn’t the harsh snow (in the winter) pound February jobs as well? Recall last year’s payroll disappointments were immediately blamed on the weather which was just as “harsh” as this year. Why the difference?

And yet, today this rising “anomaly” between Nonfarm Payolls “data” and everything else, hit a crescendo, and some – such as Jim Bianco – have had it with the lies anomalies, which prompted him to ask the following:

Why Are Construction Jobs and Housing Starts Telling Different Stories? Is The Problem Non-Farm Payrolls

JobsHousingStarts

“Economists seem to start with the premise that the non-farm payroll data is correct and everything else needs to be dismissed by weather and other factors. Maybe we should ask why the non-farm payrolls number is different from everything else.”

Read more:

http://www.zerohedge.com/news/2015-03-17/something-strange-going-nonfarm-payrolls

Citizen Wells responded.

“You don’t have to be a rocket scientist or a math whiz to evaluate the data from the US Labor Department.

You just have to care and have basic math skills.

Sadly this is lacking in the mainstream media.

Even Fox News.

Some of the more blatant lies (yes Gallup CEO Jim Clifton was correct to call them lies), relate to the unemployment rate and it’s improvement and job growth.

For example, in February 2015 the Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000  gain in employment.

And Whites had 43,000  fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Did you know?

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

Since it is PI Day and Einstein’s birthday, I present some new data and a math lesson. Math that I understood by the fifth grade.

Below are the changes in employment by race during the first 6 years of the Obama Administration.

The ratio of employment added in 6 years over employment in Jan. 2009 is given with the resulting percent change over 6 years.

White

1,172,000 / 116,863,000 = .01 = 1 %

Black

1,590,000 / 15,481,000 = .103 = 10.3 %

Hispanic/Latino

4,511,000 / 19,794,000 = .228 = 22.8 %

Asian

1,934,000 / 6,606,000 = .293 = 29.3 %

How do you like those numbers?

Seen/heard them reported by the White House or mainstream media, Fox?

Our math capabilities have diminished in this country.

But our real problems are priorities and integrity.”

https://citizenwells.wordpress.com/2015/03/18/fed-jitters-or-jobs-economy-jitters-jobs-employment-crisis-being-ignored-no-recovery-evidence-in-real-jobs-numbers-personal-and-construction-spending-record-government-food-stamp-and-public-assistan/

 

 

 

Fed jitters or jobs economy jitters, Jobs employment crisis being ignored, No recovery evidence in real jobs numbers personal and construction spending record government food stamp and public assistance, Initial claims

Fed jitters or jobs economy jitters, Jobs employment crisis being ignored, No recovery evidence in real jobs numbers personal and construction spending record government food stamp and public assistance, Initial claims

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

From Market Watch March 18, 2015.

“U.S. stock futures down as Fed jitters intensify”

“U.S. stock futures began pushing south on Wednesday hours ahead of a statement from the U.S. Federal Open Market Committee, as investors grew nervous about whether the central bank will strike the right balance in setting the tone for its first rate hike in nearly a decade.”

“The smart money and the Fed: Stan Shamu, market strategist at IG, said in a note that many feel that Yellen will get it “absolutely right.” And he said the smart money will be looking to react to the results rather than trying to get ahead of the central bank’s moves.”

Read more:

http://www.marketwatch.com/story/us-stocks-futures-on-pins-and-needles-as-fed-waiting-nears-an-end-2015-03-18?link=MW_home_latest_news

Wall Street and main street had better be worried about the real state of the economy and the jobs crisis in this country.

Yesterday Zero Hedge questioned the monthly jobs data from the US Labor Dept. BLS.

“Something Strange Is Going On With Nonfarm Payrolls”

“Falling wages aside (a critical topic as it singlehandedly refutes the Fed’s bedrock thesis of no slack in a labor force in which there are 93 million Americans who no longer participate in the job market) going back to the original topic of which economic factors are prompting the Fed to assume there is an economic recovery, without exaggeration, all alone.

Is there nothing else that can validate the Fed’s rate hike hypothesis? Well… no.

Below is a selection of the economic data points that have missed expectations in just the past month.

MISSES

  1. Personal Spending
  2. Construction Spending
  3. ISM New York
  4. Factory Orders
  5. Ward’s Domestic Vehicle Sales
  6. ADP Employment
  7. Challenger Job Cuts
  8. Initial Jobless Claims
  9. Nonfarm Productivity
  10. Trade Balance
  11. Unemployment Rate
  12. Labor Market Conditions Index
  13. NFIB Small Business Optimism
  14. Wholesale Inventories
  15. Wholesale Sales
  16. IBD Economic Optimism
  17. Mortgage Apps
  18. Retail Sales
  19. Bloomberg Consumer Comfort
  20. Business Inventories
  21. UMich Consumer Sentiment
  22. Empire Manufacturing
  23. NAHB Homebuilder Confidence
  24. Housing Starts
  25. Building Permits
  26. PPI
  27. Industrial Production
  28. Capacity Utilization
  29. Manufacturing Production
  30. Dallas Fed
  31. Chicago Fed NAI
  32. Existing Home Sales
  33. Consumer Confidence
  34. Richmond Fed
  35. Personal Consumption
  36. ISM Milwaukee
  37. Chicago PMI
  38. Pending Home Sales
  39. Personal Income
  40. Personal Spending
  41. Construction Spending
  42. ISM Manufacturing
  43. Atlanta Fed GDPNow

So a pattern emerges: we have an economy in which jobs and only jobs are acting as if there is a strong recovery, while everything else is sliding, disappointing economists, and in fact hinting at another contraction (whatever you do, don’t look at the Fed’s internal model of Q1 GDP).

To be sure, economists these days are better known as weathermen, and so they are quick to blame every economic disappointment on the weather. Because, you see, they were unaware it was snowing outside when they provided their forecasts about the future, a future which should be impacted by the snowfall that day, and which they promptly scapegoat as the reason for their cluelessness. Yet one wonders: why didn’t the harsh snow (in the winter) pound February jobs as well? Recall last year’s payroll disappointments were immediately blamed on the weather which was just as “harsh” as this year. Why the difference?

And yet, today this rising “anomaly” between Nonfarm Payolls “data” and everything else, hit a crescendo, and some – such as Jim Bianco – have had it with the lies anomalies, which prompted him to ask the following:

Why Are Construction Jobs and Housing Starts Telling Different Stories? Is The Problem Non-Farm Payrolls

JobsHousingStarts

“Economists seem to start with the premise that the non-farm payroll data is correct and everything else needs to be dismissed by weather and other factors. Maybe we should ask why the non-farm payrolls number is different from everything else.”

Read more:

http://www.zerohedge.com/news/2015-03-17/something-strange-going-nonfarm-payrolls

Citizen Wells responded.

“You don’t have to be a rocket scientist or a math whiz to evaluate the data from the US Labor Department.

You just have to care and have basic math skills.

Sadly this is lacking in the mainstream media.

Even Fox News.

Some of the more blatant lies (yes Gallup CEO Jim Clifton was correct to call them lies), relate to the unemployment rate and it’s improvement and job growth.

For example, in February 2015 the Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000  gain in employment.

And Whites had 43,000  fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Did you know?

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

Since it is PI Day and Einstein’s birthday, I present some new data and a math lesson. Math that I understood by the fifth grade.

Below are the changes in employment by race during the first 6 years of the Obama Administration.

The ratio of employment added in 6 years over employment in Jan. 2009 is given with the resulting percent change over 6 years.

White

1,172,000 / 116,863,000 = .01 = 1 %

Black

1,590,000 / 15,481,000 = .103 = 10.3 %

Hispanic/Latino

4,511,000 / 19,794,000 = .228 = 22.8 %

Asian

1,934,000 / 6,606,000 = .293 = 29.3 %

How do you like those numbers?

Seen/heard them reported by the White House or mainstream media, Fox?

Our math capabilities have diminished in this country.

But our real problems are priorities and integrity.”

https://citizenwells.wordpress.com/2015/03/14/pi-day-31415-aka-3-14159265359-math-skills-and-integrity-needed-for-us-media-horrible-us-jobs-situation-misportrayed-as-strong-white-americans-gain-1-percent-employment-under-obama-lowest-of-all/

 

 

 

Zero Hedge asks what is going on with monthly BLS data, Citizen Wells response, Feb 2015 295k jobs yielded 96k employments, 43k less white employments, 354k labor force dropouts, White House and media lies about jobs and economy

Zero Hedge asks what is going on with monthly BLS data, Citizen Wells response, Feb 2015 295k jobs yielded 96k employments, 43k less white employments, 354k labor force dropouts, White House and media lies about jobs and economy

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Don’t forget, each January the Labor Dept. “rectifies” the employment data.

From Zero Hedge March 17, 2015.

“Something Strange Is Going On With Nonfarm Payrolls”

“Let’s start with the basics: why is there a majority consensus that the Fed will hike rates after it removes its “patient” language tomorrow? One simple reason: non-farm payrolls. As reported earlier in the month, following the report of March’s expectations smashing 295,000 jobs added, there have now been a 13 consecutive months of 200K+ payroll months…”

“So a pattern emerges: we have an economy in which jobs and only jobs are acting as if there is a strong recovery, while everything else is sliding, disappointing economists, and in fact hinting at another contraction (whatever you do, don’t look at the Fed’s internal model of Q1 GDP).

To be sure, economists these days are better known as weathermen, and so they are quick to blame every economic disappointment on the weather. Because, you see, they were unaware it was snowing outside when they provided their forecasts about the future, a future which should be impacted by the snowfall that day, and which they promptly scapegoat as the reason for their cluelessness. Yet one wonders: why didn’t the harsh snow (in the winter) pound February jobs as well? Recall last year’s payroll disappointments were immediately blamed on the weather which was just as “harsh” as this year. Why the difference?

And yet, today this rising “anomaly” between Nonfarm Payolls “data” and everything else, hit a crescendo, and some – such as Jim Bianco – have had it with the lies anomalies, which prompted him to ask the following:
Why Are Construction Jobs and Housing Starts Telling Different Stories? Is The Problem Non-Farm Payrolls”

JobsHousingStarts

“So, instead of asking why everything else is showing an abnormal – and rapid – slowdown in the US economy (and blaming everything on snow) is it about time that everyone – the Fed included – finally asks:just what is going on with the “data” that is reported every month by the Bureau of Labor Statistics?”

Read more:

http://www.zerohedge.com/news/2015-03-17/something-strange-going-nonfarm-payrolls

From Citizen Wells March 14, 2015.

“You don’t have to be a rocket scientist or a math whiz to evaluate the data from the US Labor Department.

You just have to care and have basic math skills.

Sadly this is lacking in the mainstream media.

Even Fox News.

Some of the more blatant lies (yes Gallup CEO Jim Clifton was correct to call them lies), relate to the unemployment rate and it’s improvement and job growth.

For example, in February 2015 the Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000  gain in employment.

And Whites had 43,000  fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Did you know?

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

Since it is PI Day and Einstein’s birthday, I present some new data and a math lesson. Math that I understood by the fifth grade.

Below are the changes in employment by race during the first 6 years of the Obama Administration.

The ratio of employment added in 6 years over employment in Jan. 2009 is given with the resulting percent change over 6 years.

White

1,172,000 / 116,863,000 = .01 = 1 %

Black

1,590,000 / 15,481,000 = .103 = 10.3 %

Hispanic/Latino

4,511,000 / 19,794,000 = .228 = 22.8 %

Asian

1,934,000 / 6,606,000 = .293 = 29.3 %

How do you like those numbers?

Seen/heard them reported by the White House or mainstream media, Fox?

Our math capabilities have diminished in this country.

But our real problems are priorities and integrity.”

https://citizenwells.wordpress.com/2015/03/14/pi-day-31415-aka-3-14159265359-math-skills-and-integrity-needed-for-us-media-horrible-us-jobs-situation-misportrayed-as-strong-white-americans-gain-1-percent-employment-under-obama-lowest-of-all/

 

 

 

 

PI day 3/14/15 aka 3.14159265359, Math skills and integrity needed for US media, Horrible US jobs situation misportrayed as strong, White Americans gain 1 percent employment under Obama lowest of all races, Media lies

PI day 3/14/15 aka 3.14159265359, Math skills and integrity needed for US media, Horrible US jobs situation misportrayed as strong, White Americans gain 1 percent employment under Obama lowest of all races, Media lies

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Today is PI day, 3/14/15.

It is also Albert Einstein’s birthday.

I began life as a math major.

That is one of the reasons I have reported so much on the real jobs situation in the US and have questioned people such as Goldman Sachs chief economist Jan Hatzius.

But you know what, I could have done this in the fifth grade.

You don’t have to be a rocket scientist or a math whiz to evaluate the data from the US Labor Department.

You just have to care and have basic math skills.

Sadly this is lacking in the mainstream media.

Even Fox News.

Some of the more blatant lies (yes Gallup CEO Jim Clifton was correct to call them lies), relate to the unemployment rate and it’s improvement and job growth.

For example, in February 2015 the Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000  gain in employment.

And Whites had 43,000  fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Did you know?

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

Since it is PI Day and Einstein’s birthday, I present some new data and a math lesson. Math that I understood by the fifth grade.

Below are the changes in employment by race during the first 6 years of the Obama Administration.

The ratio of employment added in 6 years over employment in Jan. 2009 is given with the resulting percent change over 6 years.

White

1,172,000 / 116,863,000 = .01 = 1 %

Black

1,590,000 / 15,481,000 = .103 = 10.3 %

Hispanic/Latino

4,511,000 / 19,794,000 = .228 = 22.8 %

Asian

1,934,000 / 6,606,000 = .293 = 29.3 %

How do you like those numbers?

Seen/heard them reported by the White House or mainstream media, Fox?

Our math capabilities have diminished in this country.

But our real problems are priorities and integrity.

 

 

 

White Americans lowest employment gains under Obama, Hispanics Asians Blacks higher, Just over 1 million added Jan 2009 to 2015, Many millions more of white Americans without jobs, 2.8 million white employments lost in 2009, Much of gains part time

White Americans lowest employment gains under Obama, Hispanics Asians Blacks higher, Just over 1 million added Jan 2009 to 2015, Many millions more of white Americans without jobs, 2.8 million white employments lost in 2009, Much of gains part time

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”

 

 

The following data comes straight from the US labor Department.
It covers the time frame of January 2009 to January 2015. The first 6 years of the Obama Administration.

6 Year Employment

Net Gain     Lost in 2009

White

1,172,000    2,812,000-

Black

1,590,000      644,000-

Asian

1,934,000      157,000-

Hispanic/Latino

4,511,000         85,000-

Bet you didn’t know that!

Is the mainstream media, including Fox, reporting this?

Still think we should give out citizenship & work permits to illegals?

Obama met with Mexicans President Felipe Calderon in Washington, Monday, Jan. 12, 2009.

obama-calderon

Suggested caption:

Mi empleo es su empleo.

From the NY Daily News June June 13, 2013.

“U.S. percentage of non-Hispanic whites hits all-time low of 63%”

“The percentage of non-Hispanic white people in the U.S. population has reached an all-time low: 63%. That is 197.7 million white people out of 313.9 million Americans.

In 2000, whites were 69% of the population. In 1980, they made up 80%. But now white deaths outpace white births by 12,419, and the U.S. is on track to becoming a majority-minority country by 2043, according to data from the U.S. Census Bureau.

“This is the first time there has ever been an overall non-Hispanic white natural decrease in the U.S.,” demographer Kenneth Johnson told Bloomberg.

Nearly half of American children younger than 5 are minorities, and the number of minorities under 18 is expected to surpass the number of white children by 2019. The total minority population has grown 21 times faster than the white population.”

Read more:

http://www.nydailynews.com/news/national/percentage-non-hispanic-whites-hits-all-time-63-article-1.1371772

Share this info with Rush Limbaugh, Sean Hannity, Glenn Beck and anyone else who may give a damn.