Category Archives: Newspapers

Greensboro Guilford County NC working poor, Labor Day carries a different meaning, Unemployment lingering at 9 percent or higher, Part time jobs and no health care

Greensboro Guilford County NC working poor, Labor Day carries a different meaning, Unemployment lingering at 9 percent or higher, Part time jobs and no health care

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“However … health insurance rates and benefit coverage plan costs have continued to increase. As a result of those increases, county employees have experienced a pay decrease that has grown larger each year.”…Guilford County Interim Manager Sharisse Fuller

“If you like your health care plan, you can keep your health care plan.”…Barack Obama

 

 

A good article from the front top page of the Greensboro News Record September 2, 2013.

“For the working poor, Labor Day carries a different meaning”

“After years of area unemployment lingering at 9 percent or higher, Labor Day is a time of appreciation for those who have held on to a job.

But for many of Greensboro’s employed, a job hasn’t been enough to lift them to economic stability.

The U.S. Dept. of Agriculture keeps data on “food insecurity” — essentially, when a family has faced significant periods where it didn’t have enough to eat.

According to a report by Feeding America based on the agriculture department’s data in addition to that of the U.S. Census Bureau, 33 percent of the 95,480 people in Guilford County who are food insecure have incomes too high to qualify for federal nutrition programs commonly known as food stamps.

Yes, it’s true. You can be food insecure, but ineligible for food stamps.”

“In the Triad, a number of studies have ranked the area among the nation’s worst in terms of poverty and food hardship.”

““You have the people that were barely making it with 40 hours. Now, they’re below 30 hours and have the same household bills,” Sturdivant said. “And at the end of the day, if they go out and get another part-time job, they still won’t have insurance.””

Read more:

http://www.news-record.com/news/local_news/article_6078cd82-11cc-11e3-9e01-0019bb30f31a.html

 

Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“The NC Labor Force Participation Rate plummeted 1.2 percent from Jan to June 2013.”...Citizen Wells

“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″

You are being lied to.

Before I chastise and correct the national media and the misleading ADP jobs report from yesterday and misleading BLS initial claims report from this morning, I am compelled to address the jobs reporting in NC first.

From the Greensboro News Record July 31, 2013.

“Area unemployment rate shows some improvement”

“The unemployment rate in the Greensboro-High Point metro area continued to improve steadily in June to 9.7 percent compared with 10.4 percent in June 2012, according to state figures.

But 0.7 percentage points is only a moderate improvement in the employment picture and not a dramatic step towards full recovery, said economist Andrew Brod, a senior research fellow at UNCG.

“Given how weak this recovery is, that’s great, but it’s sort of damning with faint praise,” Brod said.”

“Continuing claims for unemployment spiked 52 percent from 84,699 for the week ending June 29 to 128,739 for the week ending July 6.

The increase of 44,040 continuing claims is the largest in North Carolina in more than a decade, said David C. Ribar, an economics professor at UNCG.

The figure represents the number of people who have not dropped out of the system because they are still eligible for benefits or they haven’t found jobs.

But the spike had a simple explanation, said Larry Parker, a spokesman for the state division: Thousands of people who lost their benefits on July 1 continued to file for them out of habit.”

Read more:

http://www.news-record.com/news/article_8e9c55fc-f927-11e2-ae70-001a4bcf6878.html

In fairness to the News Record, they did not paint a completely rosy picture.

And 9.7 % unemployment is nothing to shout about.

But the article stated that unemployment had dropped .7 percent from 2012.

What the article did not mention is the fact that the Labor Force Participation Rate in NC dropped .7 percent as well.

Look it up.

http://esesc23.esc.state.nc.us/d4/LausSelection.aspx

Wall Street chumps believe jobs numbers, Market Watch chumps article, Media and financial sites mislead investors, US Labor Dept BLS numbers reveal horrible jobs situation

Wall Street chumps believe jobs numbers, Market Watch chumps article, Media and financial sites mislead investors, US Labor Dept BLS numbers reveal horrible jobs situation

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“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

 “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 July 29, 2013.

WCFieldssucker

“Never give a sucker an even break or smarten up a chump”
— W.C. Fields in You Can’t Cheat an Honest Man

“On Wall Street, business as usual thrives on investor ignorance. It is not in its interest to have more astute clients.”

http://www.marketwatch.com/story/10-ways-wall-street-played-you-for-a-chump-2013-07-29

No mention of the real jobs situation in this country.

Market Watch, financial sites and the media in general are playing investors for chumps.

From Market Watch July 28, 2013.

“Half full or half empty? Jobs and GDP differ
Economy improving by one measure, slowing by another”

“GDP says U.S. growth is subpar, but the monthly jobs report suggests the economy is on the upswing. What’s an investor to do?

Put a bit more trust in the forward-looking employment figures. More people working means more jobs are available, more cash is going to consumers, more money is being spent — and more companies are hiring to keep up with demand.

The headline number on gross domestic product, by contrast, looks at growth through the rear-view mirror and often paints a misleading picture of the economy. A high growth rate could be the result of one-time factors soon to fade; a low GDP reading could mask the economy’s true strength.”

http://www.marketwatch.com/story/half-full-or-half-empty-jobs-and-gdp-differ-2013-07-28

The GDP numbers are more accurate and do match the real jobs situation.

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“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 U-6 number was 14.3 percent for June 2013.

NC unemployment rates increase in 87 counties, All 14 NC metro areas increased unemployment, July 2, 2013, Greensboro High Point metro unemployment rate 9.4 percent in May

NC unemployment rates increase in 87 counties, All 14 NC metro areas increased unemployment, July 2, 2013, Greensboro High Point metro unemployment rate 9.4 percent in May

“If I had my choice I would kill every reporter in the world but I am sure we would be getting reports from hell before breakfast.”… William Tecumseh Sherman

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

From the Greensboro News Record July 2, 2013.

“Unemployment in the Greensboro-High Point metro improved only slightly in May, continuing a painfully slow climb out of the recession.

Unemployment dropped 0.3 percentage point to 9.5 percent, compared with May 2012, the N.C. Department of Commerce, Division of Employment Security reported Tuesday. The rates are not adjusted for seasonal patterns.

The state’s rate for May was 8.9 percent.

North Carolina has pockets of strong employment, including the Asheville, Durham-Chapel Hill and Raleigh-Cary metros.

But 41 rural counties still have unemployment rates above 10 percent.”

“Unemployment improved in all three counties in the Greensboro-High Point metro:

* In Guilford County, the rate dropped by 0.2 percentage points to 9.4 percent in May compared with May, 2012.

* In Rockingham County, the rate dropped by 0.9 percentage points to 10.1 percent.

* In Randolph County, the rate dropped by 0.5 percentage points to 9.3 percent.

Unadjusted month-to-month numbers in May compared with April appear to show a dramatic increase in unemployment for the Greensboro-High Point metro: 8.9 percent in April to 9.5 percent.

But adjusted month-to-month numbers show a modest decrease from 9.5 percent in April to 9.4 percent in May.”

Read more:

http://www.news-record.com/news/article_eda10cce-e328-11e2-bfb2-001a4bcf6878.html

The article seems to be attempting to paint an improved employment picture compared to 2012.

But wait a minute.

Here is the report from the NC ESC, Employment Security Commission.

“Unemployment rates (not seasonally adjusted) increased in 87 of North Carolina’s counties in May, decreased in 12 and remained the same in one. All 14 of the State’s metro areas experienced rate increases.”

http://www.ncesc1.com/PMI/Rates/PressReleases/County/NR_May2013_County_M.pdf

Compare the ESC report to the News Record article.

It appears to me and another well informed gentleman that I know, that since Warren Buffett’s Berkshire Hathaway purchased the News Record,  the reporting on jobs and the economy has been watered down.

From Citizen Wells June 29, 2013.

“The labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

It gets worse.

The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.

It gets worse.

The NC Labor Force Participation Rate dropped 3.7 percent since the Democrats took control of both US houses of congress in 2007.

It gets worse.

The NC Employment to population rate dropped 6.1 percent since the Democrats took control of both US houses of congress in 2007.”

NC unemployment rate 9.8 percent or higher, Labor force dropped 1 percent in 4 months, Since Democrats took congress in 2007 labor force dropped 3.7 percent, Employment to population rate dropped 6.1 percent

NC unemployment rate 9.8 percent or higher, Labor force dropped 1 percent in 4 months, Since Democrats took congress in 2007 labor force dropped 3.7 percent, Employment to population rate dropped 6.1 percent

“If I had my choice I would kill every reporter in the world but I am sure we would be getting reports from hell before breakfast.”… William Tecumseh Sherman

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

 

We celebrated the birthday of George Orwell last week.

How fitting.

Even though the unemployment data was accurately reported at Citizen Wells this past week it is important to reveal how bad the employment situation is in NC.

The stated unemployment rate was announced as 8.8 percent.

The Raleigh News Observer reported in the first paragraph.

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”

http://www.newsobserver.com/2013/06/21/2979886/nc-jobless-rate-falls-slightly.html

The Raleigh News Observer was the only major Newspaper in NC that I found reported the truth.

The labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

It gets worse.

The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.

It gets worse.

The NC Labor Force Participation Rate dropped 3.7 percent since the Democrats took control of both US houses of congress in 2007.

It gets worse.

The NC Employment to population rate dropped 6.1 percent since the Democrats took control of both US houses of congress in 2007.

“Due to the federal sequester legislation, the Mass Layoff Statistics program, funded by the US Department of Labor, has been eliminated. In addition, North Carolina’s Department of Commerce will no longer support the collection and publication of Announced Business Closings and Layoffs effective May 1, 2013. For questions please contact the Labor and Economic Analysis Division at 919-707-1500.”

How convenient!

http://esesc23.esc.state.nc.us/d4/AnnounceSelection.aspx

 

NC May unemployment rate worse than reported by North Carolina newspapers, June 21, 2013 articles, Drop in labor force not stated, 1 percent labor force drop in 4 months

NC May unemployment rate worse than reported by North Carolina newspapers, June 21, 2013 articles, Drop in labor force not stated, 1 percent labor force drop in 4 months

 
“If I had my choice I would kill every reporter in the world but I am sure we would be getting reports from hell before breakfast.”… William Tecumseh Sherman

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“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”

To fix a problem you must:

Be aware of the problem.

Understand the problem.

That is why the underreporting and misrepresentation of the unemployment rate in the US and NC must be exposed.

The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.

From Citizen Wells June 23, 2013.

“The Greensboro News Record on Friday June 21, 2013 regurgitated an AP report about the May unemployment rate in NC. The report was misleading and dishonest.

“NC jobless rate falls to 8.8 percent in May”

“North Carolina’s unemployment rate dropped to 8.8 percent in May from April’s revised rate of 8.9 percent, marking the fourth straight month of slow improvement in the measure of economic health for workers, the state Commerce Department said Friday.”

“Now I’m not a rocket scientist, but I can read.

So I went to the NC labor data website and found that the labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

Can’t the folks at the News Record or the AP read?”

http://citizenwells.wordpress.com/2013/06/23/nc-jobless-rate-falls-to-8-8-percent-in-may-greensboro-news-record-ap-labor-force-participation-rate-dropped-1-percent-dishonest-media-reports-dishonest-bernanke-report/

From Citizen Wells May 19, 2013.

“The Associated Press has always been a problem. A member “news” organization creates a report and it is regurgitated across the nation & world, in most cases without fact checking.

We have another example recently from the Greensboro News Record.

Is this because the Rhino Times just shut down?

Or because John Coleman, an economics professor at the Duke University Fuqua School of Business was quoted?

From the Greensboro News Record May 17, 2013.

“North Carolina unemployment rate drops 8.9 percent”

“North Carolina’s unemployment rate fell to 8.9 percent in April _ the lowest in the state in four years.

The state’s unemployment rate was 9.2 percent in March.

“This is very encouraging for North Carolina,” said John Coleman, economics professor at Duke University’s Fuqua School of Business.”

http://citizenwells.wordpress.com/2013/05/19/nc-unemployment-rate-8-9-percent-greensboro-news-record-ap-article-quotes-duke-university-economics-professor-labor-force-participation-rate-dropped-3-percent-good-news/

I decided to check the reporting of the NC unemployment rate for May in other NC newspapers.

The Raleigh News Observer had the most accurate report.

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”

Read more:
Most of the other newspapers that I checked regurgitated the same AP article.
The 1 percent drop in the Labor Force Participation Rate in NC essentially means that the unemployment rate is 9.8 and not 8.8 percent. That also is an increase of .3 from the January 2013 rate of 9.5 percent.

NC jobless rate falls to 8.8 percent in May?, Greensboro News Record AP, Labor force participation rate dropped .1 percent, Dishonest media reports, Dishonest Bernanke report

NC jobless rate falls to 8.8 percent in May?, Greensboro News Record AP, Labor force participation rate dropped .1 percent, Dishonest media reports, Dishonest Bernanke report

“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

“Although the numbers are not directly comparable, local labor markets
across much of North Carolina began 2013 no differently than they
began 2012,” said Quinterno. “Simply put, unemployment rates remain
elevated across the state, and twice as many North Carolinians are
jobless and seeking work than was the case five years ago.”…SBN Strategies March 22, 2013

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

 

 

The Greensboro News Record on Friday June 21, 2013 regurgitated an AP report about the May unemployment rate in NC. The report was misleading and dishonest.

“NC jobless rate falls to 8.8 percent in May”

“North Carolina’s unemployment rate dropped to 8.8 percent in May from April’s revised rate of 8.9 percent, marking the fourth straight month of slow improvement in the measure of economic health for workers, the state Commerce Department said Friday.

“The headline is going to say that unemployment goes down a notch,” said Robert Whaples, chairman of the economics department at Wake Forest University in Winston-Salem. “But it’s not really that beautiful of a change from a month ago.”

North Carolina remains stuck with the country’s fifth-highest unemployment rate behind Nevada, Illinois, Mississippi and Rhode Island. The national rate rose from 7.5 percent in April to 7.6 percent in May.

The numbers show the total number of employed in North Carolina rose by about 1,000 people between April and May, while the total number of unemployed workers dropped by nearly 2,500, Whaples said. Equally meaningful is that even as the state’s population continues to grow, the number of people in the labor force _ people who are of working age who have a job or are looking for one _ dropped in May by about 1,400, signaling people are still dropping out and ending their job search, Whaples said.

The number of people employed in North Carolina has increased by more than 37,000 in the past year, but there are still more than 416,000 people listed as unemployed.”

“”That’s the good news. Our employment in this state has not fallen since the beginning of the recession. It hasn’t gotten better. It went down. It came back up. so we’re sort of back where we started,” he said. “The last few months haven’t been much. The last year, it’s been enough to keep up with population growth. But it could be worse.””

Read more:

http://www.news-record.com/news/north_carolina_ap/article_f2cad77b-33b3-5f27-914b-fb285076ebd9.html

Now I’m not a rocket scientist, but I can read.

So I went to the NC labor data website and found that the labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

Can’t the folks at the News Record or the AP read?

Don’t they care?

Or is this part of an agenda?

And what about Ben Bernanke stating that the US unemployment rate could fall to 6.5 percent in 2014.

That sounds dishonest to me.

Especially when the current US unemployment rate is 11.4 percent based on 2008 labor rates.

And when you use the May 2008 labor force rate for NC the current NC unemployment rate is 11.5 percent.

Don’t take my word for it.

Check it for yourself.

http://esesc23.esc.state.nc.us/d4/LausSelection.aspx