April unemployment rate, US Labor Dept., May 2, 2014, Labor force participation plummets and jobless rates still high, Part time jobs, Financial markets react to false data

April unemployment rate, US Labor Dept., May 2, 2014, Labor force participation plummets and jobless rates still high, Part time jobs, Financial markets react to false data

“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

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

“According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.”…Zero Hedge April 29, 2014

 

 

***  Update 9:00 AM  ***

Here we go again folks. SOS, just another day.

The unemployment rate dropped .4 percent to 6.3 as did the labor force participation rate drop .4 percent to 62.8 percent.

The labor force dropped by 806,000.

***  Update 9:15AM  ***

The BLS is showing a seasonally adjusted drop in labor force of 988,000.

***

The US Labor Dept. will report on the April unemployment rate this morning.

Those of us paying attention, with at least minimal math skills, understand that the stated unemployment rate has become a joke.

Yet, for years, the financial markets and market reporters have taken the drop in the unemployment rate as good news.

Nothing could be further from the truth.

To sum up the reality of the situation, record numbers have dropped out of the labor force, not because they intended to retire, but because jobs were not available, and many who did get or retain jobs found themselves working one or more part time jobs.

More part time instead of full time jobs is a direct consequence of Obamacare and the Obama economy.

When you read the US Labor Dept report and see the latest unemployment rate, consider the following facts.

Remember, the Democrats took control of both houses of Congress in January 2007. This is rarely reported.
………………………..January 2007……January 2009…….March 2014
Not in labor force………..77,506,000……..80,529,000………91,030,000
Could only find part time….. 1,186,000……..1,671,000……….2,697,000
Participation Rate………………66.4………….65.7……………63.2
Unemployment Rate………………..4.6…………..7.8…………….6.7

 

See any problems there?

Remember also that part time jobs are counted the same as full time.

There are 10,501,000 more people not in the labor force now than when Obama took office in January 2009.

The stated unemployment rate has dropped 1.1 percent.

The labor force participation rate has dropped 2.5 percent.

There are 1,026,000 more people who could only find part time work now than when Obama took office.

We just discovered that 20 percent of American families have no one employed.

No wonder that we have record food stamp usage.

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52 responses to “April unemployment rate, US Labor Dept., May 2, 2014, Labor force participation plummets and jobless rates still high, Part time jobs, Financial markets react to false data

  1. May 2, 2014

    “Blockbuster: Huge Crime Committed; Senior Congressman Admits Obama ID Fraud Cover-Up”

    “Lord Monckton: I don’t know where Obama was born but I do know the Obama birth certificate document on the White House website is virtually certain to be a forgery. A huge crime has been committed against the American people and nobody will lift a finger to do anything about it. Talked with senior US Congressman and he admitted they all know Obama is not who he says he is but they are afraid to address it due to leftist ridicule. Speaker Boehner also blocking Obama ID fraud investigations…

    Michael Shrimpton: There is now a serious legal strategy on the table. Giving evidence in Chris Strunk’s case that will be heard this month at the NY Supreme Court. Plan to subpoena records for U.K. case. Obama’s bogus Connecticut social security number… Force Obama DNA test like Clinton… Obama is lawyering up…”

    http://www.birtherreport.com/2014/05/blockbuster-huge-crime-committed-senior.html

    Audio excerpt:

  2. From >>> September 9, 2012

    “TEA Party Power Hour” – Mark Gillar

    “Sheriff Arpaio’s Commander Mike Zullo Blames John Boehner For Congressional Inaction On Obama!”

    Go to 18:22

  3. From >>> October 12, 2011

    “Rep. Posey Spokesman: Media Ridicule Stopping Us From Addressing Obama’s Identity Fraud”

    [audio at link]

    http://obamareleaseyourrecords.blogspot.com/2011/10/rep-posey-spokesman-media-ridicule.html

  4. citizenwells

    *** Update 9:00 AM ***

    Here we go again folks. SOS, just another day.

    The unemployment rate dropped .4 percent to 6.3 as did the labor force participation rate drop .4 percent to 62.8 percent.

    The labor force dropped by 806,000.

  5. citizenwells

    “Unemployment rate falls, but for wrong reasons”

    http://money.cnn.com/2014/05/02/investing/april-jobs-report/

  6. citizenwells

    988,000 more in one month not in labor force. Seasonally adj from BLS.

  7. citizenwells

    “And so the BLS is back to its old data fudging, because while the Establishment Survey job number was a whopper, and the biggest monthly addition since January 2012, the Household Survey showed an actual decline of 73K jobs. What is much worse, is that the reason the unemployment rate tumbled is well-known: it was entirely due to the number of Americans dropping out of the labor force. To wit, the labor force participation rate crashed from 63.2% to 62.8%, trying for lowest since January 1978! And why did it crash so much – because the number of people not in the labor force soared to 92 million, the second highest monthly increase ever, or 988K, only ‘better’ than January 2012 which curiously was the one month when the establishment survey reported a 360K “increase” in jobs.”

    http://www.zerohedge.com/news/2014-05-02/one-million-people-dropped-out-labor-force-april-participation-rate-plummets-lowest-

  8. citizenwells
  9. citizenwells

    “Paychecks have actually become leaner since the recession ended. Real median weekly earnings for full-time wage and salary workers during the first three months of this year were down 3% from the end of the recession, according to the government’s most recent quarterly report.”

    http://www.marketwatch.com/story/lower-wage-industries-make-up-half-of-annual-job-gains-2014-05-02?link=MW_home_latest_news

    This is an improving economy???

  10. oldsailor81

    CW…….
    Would you say that in this case DOWN becomes UP when a liberal becomes associated with the facts. As I have said so many times ….OVEREDUCATED WORDSMITHS. har har When people leave the workforce the unemployment declines. NO CRAP DICK TRACEY!

  11. oldsailor81

    CW……One thing is absolutely certain, our fearless leader knows how to beat organised labor at their own game. har har……just vreate a hell of a lot of unemployment! ………by, and by people will work for pennies per hour…..just to be able to have something to EAT. But when food processing in America grinds to a halt, HELL ON EARTH WILL BEGIN.

  12. oldsailor81

    typo vreate=NO CREATE= yes

  13. oldsailor81

    CW…….
    You do a whale of a job on getting the facts in front of us all. THANX

  14. Drudge Report is my home page, so this AM the first thing I see is the headline, 800 K quit labor force in April . Then the eye falls down to the first article on the right, unemployment plummets to 6.3%.
    Quite clever of Drudge, imho. The problem is that most low-information folks don’t have a clue as to what’s going on.

    Thanks to CW’s research and expose, we DO know what’s going on – the same tactics as in Orwell’s “1984”. Just to put it bluntly, bad people in government have to fuzzy up and fudge the figures in order to cover up how bad they – themselves, as well as conditions – really are. This is the worst type of lying and deception. God WILL hold them accountable.

  15. oldsailor81

    CW
    Do you think that the CCP are waiting for the start of the thing in Britain against Shrimpton to begin?That would be an ideal time to release the DOCUMENTED,and CERTIFIED FACTS to the public. Soetoro’s GOON squad would be so busy fighting on one front,that they would be forced to ignore the other front, at which point the legal harpoon could hit it’s,intended mark. There will be liberals jumping out of windows of scyscrapers to keep from being prosecuted. All CCP needs to do is supply Britain with the facts that they have amassed. My guess is that they have also ALREADY learned of the legal validity of the Lucas Smith BC. Simply because if it is CERTIFIED by the HONCHO at Mombassa. Britain’s records will acknowledge who was the honcho at Coastal Provincial in August 1961. If the signature is the same as that on Lucas Smith’s copy…….GAME OVER for Soetoro.

  16. Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil.

    Though a sinner do evil an hundred times, and his days be prolonged, yet surely I know that it shall be well with them that fear God, which fear before Him:

    But it shall not be well with the wicked, neither shall he prolong his days, which are as a shadow; because he feareth not before God.

    Ecclesiastes 9:11-13

  17. oldsailor81

    CabbyAZ
    10-4 right on!

  18. citizenwells

    “Wake Forest Baptist Medical Center announced Thursday that they are laying off approximately 350 employees.
    The job cuts are to help close the increasing gap between growing expenses and declining reimbursement from federal and state health insurance and other revenue sources, according to a press release.
    Here in North Caroline we got the first part of that with the cuts but we did not get the expanded Medicaid program.

    “At the end of the day the Affordable Care Act is just reforming payments, it’s not really reforming health care,” said John McConnell, CEO of Wake Forest Baptist. “That job is left up to institutions like ours to figure out how we drive up quality and drive down cost.””

    http://myfox8.com/2014/05/01/wake-forest-baptist-medical-center-to-cut-350-jobs/

    Most of the news stories did not link the cuts to Obamacare. Rush Radio (local talk radio) did.

  19. citizenwells

    oldsailor.
    I have been guessing but decided to be patient.

  20. citizenwells

    “Patience is a virtue.”

  21. oldsailor81

    Soetoro could legally change his name in 500 foreign countries,as often as he wants,BUT if he is NOT A LEGAL CITIZEN OF THE US the name change will MAKE NO DIFFERENCE …..AT ALL……..but the fact remains that if he had no legally valid BC then it is probable that there has NEVER been a LEGALLY EXECUTED name change. If that is accurate then it is doubtful that Soetoro is even a US citizen…..of any status whatsoever. Which makes a hell of a lot of our slimey politicians, including Mzzzzzzzzzzzzz.Important, guilty of perpetrating treason against America. You don’t need a Phd to comprehend this.

  22. oldsailor81

    CW ……..
    You are right….patience is a virtue. But I am still keeping my powder dry.

  23. oldsailor81

    CW……Re10:13 AM
    ………they gotta keep the lights on somehow!……so 350 innocent folks are OUT THE DOOR…………THANK YOU SOETORO!

  24. citizenwells

    Someone has to be left to administer the “lethal injections.”

  25. HonorFirst

    WooHoo, finally, Boehner considering a select committee to investigate Benghazi…Rumor is that Trey Gowdy is being considered to head the committee..Fantastic! Congressman Gowdy is a no nonsense prosecutor who can cut to the chase, disseminate the BS from facts and has a unique style in determined questioning. If anyone can pry the truth from a known liar, it is him….

  26. John in Illinois

    Why will they NOT ask the question: “Why and what were the amb and others (over 30 I heard) doing at that compound to begin with?”
    They were running guns for Al Queda——>thats TREASON , aiding and abetting the enemy !!!! Remember Brennen is the new CIA guy and he loves muslims also.

  27. citizenwells

    Rush echoing this site on jobs.

  28. The demons in league with the evil one now laugh as his demise from power begins. They now patiently await escorting him to their realm.

  29. Simple question: if the economy is so great, why is the federal reserve still loaning money to the big banks at 0% and printing $65 BILLION a month?

  30. bob strauss

    Allen West says Barack Obama is a “pathological liar” and a “spoiled brat”:

    http://www.capitalisminstitute.org/west-slams-obama/

  31. bob strauss

    BREAKING: Trey Gowdy is going to head up the “Select Committee” investigation of Benghazi… this could lead to impeachment:

    http://www.capitalisminstitute.org/trey-gowdy-investigates/

  32. oldsailor81

    When you mix 70% logical reasoning with 30% educated guessing,unfortunately both are hearsay in a courtroom. Conversely if we had somebody with 50% of Orly Taitz’s drive,and eqipped with the gonads of a bull elephant,Soetoro would have already been prosecuted,and awaiting sentence.

  33. oldsailor81

    Bob Strauss………
    Do you think that Trey Gowdy might be the BULL ELEPHANT! He doesn’t seem to worry about ruffling FEATHERS. har har.

  34. oldsailor81

    If Trey Gowdy heads up an investigation, Boehner could find himself between a rock, and a hard place. I personally believe that he might well have been the source of a lot of the impedance regarding the investigation right along.

  35. bob strauss

    oldsailor81 | May 2, 2014 at 3:05 pm |

    Bob Strauss………
    Do you think that Trey Gowdy might be the BULL ELEPHANT! He doesn’t seem to worry about ruffling FEATHERS. har har.
    *****************************
    I am not sure of the procedure, but if any of these investigations require the use of the DOJ, and Holder, they will be DOA. Any prosecution will have to jump the hurdles of the DOJ and the Judges, and the usurper. The system is so corrupted it may no longer function as designed.

  36. bob strauss

    oldsailor81 | May 2, 2014 at 3:18 pm |

    If Trey Gowdy heads up an investigation, Boehner could find himself between a rock, and a hard place. I personally believe that he might well have been the source of a lot of the impedance regarding the investigation right along.
    ***********************
    Gowdy needs to be made aware of the Sheriff Joe Arpaio investigation. Maybe he can more easily get to the bottom of the matter when he finds out about the usurper, credentials and his affiliation with the Muslim brotherhood.

  37. bob strauss

    Obama DOT Bill Gives Fed Regulators Power to Enter Your Property and Inspect Your Cars

    http://dailycaller.com/2014/05/01/federal-regulators-could-be-empowered-to-enter-private-property-to-inspect-vehicle-fuel-economy/

  38. oldsailor81 …. responding to your comment at 10:01 a.m. I agree with your theory…. I had the same thoughts…

  39. bob strauss

    Issa: “The American People Have Learned You Cannot Believe This White House. You Cannot Believe This President”

    http://www.thegatewaypundit.com/2014/05/rep-darrell-issa-the-american-people-have-learned-you-cannot-believe-this-white-house-you-cannot-believe-this-president-video/

  40. bob strauss

    Sworn to Silence: Law Enforcement Can’t Talk About This Tool They Use Every Day
    May. 2, 2014 1:36pm Elizabeth Kreft

    A California technology company got into the business of creating “essential intelligence solutions for law enforcement” that “enhance policing efforts.”

    But to work with them, you have to keep your mouth shut.

    Vigilant Solutions provides helpful systems for law enforcement that lead to good arrests — but they don’t want to talk about it.

    Vigilant Solutions has positioned itself as a transparent support operation for law enforcement — employing a very specific tool, the National Vehicle Location Service and a facial recognition service — but the user agreement each agency must sign makes it very clear: Vigilant doesn’t want media attention.

    “You shall not create, publish, distribute, or permit any written, electronically transmitted or other form of publicity material that makes reference to LEARN or this Agreement without first submitting the material to LEARN-NVLS and receiving written consent from LEARN-NVLS,” the document states, according to Wired.

    LEARN stands for Law Enforcement Archival and Reporting Network and is Vigilant’s online portal where license plate data and images are aggregated and analyzed for law enforcement to access. The agreement continues: ”This prohibition is specifically intended to prohibit users from cooperating with any media outlet to bring attention to LEARN or LEARN-NVLS. Breach this provision may result in LEARN-NVLS immediately termination of this Agreement upon notice to you [sic].”

    “This prohibition is specifically intended to prohibit users from cooperating with any media outlet…”

    Their legalese sounds a more like a mafia pact than “making intelligence readily accessible and easy to use,” as their mission statement touts.

    Founded in 2008, Vigilant began by a serving a market in data tracking; they sold Automatic License Plate Reader systems to companies for commercial purposes, like repossession companies and bounty hunters.

    But as their set of data grew, they realized they could open up another pool of clients by marketing to law enforcement agencies.

    “Data shared to NVLS by law enforcement is available free of charge via a LEARN account … the data remains the property of the agency and is governed by the data retention policy set by that agency. The data is accessible only to law enforcement users, and is not shared or used by Vigilant Solutions in any way.”

    Vigilant says its largest pool of data is harvested by commercial sources — most notably Vigilant’s subsidiary, DRN (Digital Recognition Network) — which TheBlaze has highlighted in the past.

    According to Vigilant’s website, “This pool of LPR data totals over 1.8 billion detections and grows at a rate of almost 70 million per month. This data is available via an annual subscription and greatly enhances an agency’s investigative reach.”

    The numbers now reach well above 2 billion captured plates.

    Vigilant also offers a tool called FaceSearch to improve law enforcement field validation of identities and assist with supervision for parole, probation or registered sex offenders.

  41. oldsailor81

    Hi kwajcat………..
    Always great to see you back. Boy you don’t know how much I would like to spend a couple of months just lying on the beach at Kwaj. As for the Soetoro game, you only need to apply a little logic. There is at least a 50% chance of being right. Much better odds than the lottery. Nothing quite like fighting on multiple fronts. Cost Hitler the war. Even his Supermen could not fight a war on multiple fronts. The US is the ONLY country on Earth who has been successful in a multi theatre war. Many of our young people havn’t even thought of this fact. I personally think that the nextworld war will be one having far more fronts than WW2………perhaps upwards of 5 or even 10, and overwhelming force will be required at each. With a seriously eroded quality,and quantity of out military forces it is very likely that we will LOSE such an engagement.

  42. bob strauss

    Allen West: The States Must Stop Barack Obama

    Former congressman and retired Lt. Col. Allen West has offered his support for the growing movement to call an Article V Convention of the States.

    http://www.capitalisminstitute.org/states-must-stop-obama/

  43. bob strauss

    Issa: “Worst liar since Richard Nixon”
    **********************
    Benghazi Investigation: It’s Not Often Obama Gets Slammed Like This On Live TV
    “You cannot believe what the President says….” video…

    http://www.westernjournalism.com/issa-american-people-learned-believe-white-house-says/

  44. bob strauss | May 2, 2014 at 3:50 pm |

    Hi Bob,

    If I’m not mistaken, a Sheriff’s Kit has been delivered to every Congresscritter.

    Gowdy has one; he knows. They all know.

  45. Philo-Publius

    Yes SueK….they ALL KNOW.

  46. bob strauss

    SueK | May 2, 2014 at 8:32 pm

    Hi Sue,
    I hope so, and I hope the “kit” comes into play. The usurper lawyering up is a good sign, would love to be a fly on the wall.

  47. Hi Philo and Bob,

    Yes, they were delivered by volunteers who personally went to D.C. and presented the kits.

    Bob, you have to ask yourself why barky has hired a *criminal* defense attorney, one of the best.

    As it’s been mentioned here at CWs’ previously, these slimeballs aren’t admitting to anything (and will continue to send stock letters to those who write them on the subject), because it would implicate them in the cover up. As we all know, a politician these days does not take the job to serve their constituents; they take the job to get reelected and do whatever they damn well please once they’re in there, regardless of what the people want. It’s a racket. This is exactly why I support term limits 100%.

    Many have asked how Sheriff Joe and Mike Zullo’s pending info release is different from their previous releases and that’s an easy one to answer: This time, there’s a criminal investigation running parallel to the document fraud investigation; this will be huge! While I believe that the document fraud is enough to bring down this ‘administration,’ the criminal investigation goes much deeper and is international in nature. I don’t think that this can be ignored…

    Not sure America and the world are ready for what’s to come. Powder is dry.

  48. Whistleblower
  49. bob strauss

    IF YOU DON’T READ THIS, YOU HAVE MORE MONEY THAN YOU NEED!!

    Oil !!!

    > And we call this idiot our president
    >
    > Next time you have to fill up at $4.00/gallon, think of this!!
    >
    >
    > OIL – You better be sitting down when you read this!
    >
    > As you may know, Cruz Construction started a division in North Dakota just 6 months ago. They send every Kenworth (9 trucks) we had here in Alaska to North Dakota and several drivers. They just bought two new Kenworth’s to add to that fleet; one being a Tri Drive tractor and a new 65 ton lowboy to go with it. They also bought two new cranes (one crawler & one rubber tired) for that division.
    >
    > Dave Cruz said they have moved more rigs in the last 6 months in ND than Cruz Construction moved in Alaska in the last 6 years.
    >
    > Williston is like a gold rush town; they moved one of our 40 man camps down there since there are no rooms available. Unemployment in ND is the lowest in the nation at 3.4 percent last I checked.
    >
    > See anything in the national news about how the oil industry is fueling North Dakota’s economy?
    >
    > Here’s an astonishing read. Important and verifiable information:
    >
    > About 6 months ago, the writer was watching a news program on oil and one of the Forbes Bros. was the guest.
    >
    > The Bakken is the largest domestic oil discovery since Alaska’s Prudhoe Bay, and has the potential to eliminate all American dependence on foreign oil. The Energy Information Administration sm(EIA) estimates it at 503 billion barrels. Even if just 10% of the oil is recoverable( 5 billion barrels), at $107 a barrel, we’re looking at a resource base worth more than $5.3 trillion.
    >
    > “When I first briefed legislators on this, you could practically see their jaws hit the floor. They had no idea..” says Terry Johnson, the Montana Legislature’s financial analyst. However, a recent technological breakthrough has opened up the Bakken’s massive reserves, and we now have access of up to 500 billion barrels. And because this is light, sweet oil, those billions of barrels will cost Americans just $16 PER BARREL !!!!!!
    >
    > That’s enough crude to fully fuel the American economy for 2041 years straight.
    >
    > And if THAT didn’t throw you on the floor, then this next one should – because it’s from 2006 !!!!!!
    >
    > U. S. Oil Discovery – Largest Reserve in the World
    > Stansberry Report Online – 4/20/2006
    >
    > Hidden 1,000 feet beneath the surface of the Rocky Mountains lies the largest untapped oil reserve in the world. It is more than 2 TRILLION barrels. On August 8, 2005 President Bush mandated its extraction. In three and a half years of high oil prices none has been extracted. With this motherload of oil why are we still fighting over off-shore drilling?
    >
    > They reported this stunning news: We have more oil inside our borders, than all the other proven reserves on earth. Here are the official estimates: 8 times as much oil as Saudi Arabia
    > 18 times as much oil as Iraq
    > 21 times as much oil as Kuwait
    > 22 times as much oil as Iran
    > 500 times as much oil as Yemen and it’s all right here in the Western United States !!!!!!
    >
    > HOW can this BE? HOW can we NOT BE extracting this? Because the environmentalists and others have blocked all efforts to help America become independent of foreign oil! Again, we are letting a small group of people dictate our lives and our economy. WHY?
    > Jame Bartis, lead researcher with the study says we’ve got more oil in this very compact area than the entire Middle East, more than 2 TRILLION barrels untapped. That’s more than all the proven oil reserves of crude oil in the world today, reports The Denver Post.
    > Don’t think ‘OPEC’ will drop its price even with this find? Think again! It’s all about the competitive marketplace, it has to.
    >
    > Think OPEC just might be funding the environmentalists?
    >
    > Got your attention yet? Now, while you’re thinking about it, do this: Pass this along. If you don’t take a little time to do this, then you should stifle yourself the next time you complain about gas prices, by doing NOTHING, you forfeit your right to complain.
    >
    > Now I just wonder what would happen in this country if every one of you sent this to every one in your address book.
    >
    > By the way, this can be verified. Check it out at the link below !!!!!!
    > http://www.usgs.gov/newsroom/article.asp?ID=1911> ; Release Date: 03/14/14

  50. bob strauss

    I wonder if the Hawaii Dept of Health will honor a subpoena for the usurpers birth records from Trey Gowdy’s Select Committee?

  51. oldsailor81

    Bob Strauss………
    Don’t look for the oil companies to give back ONE SINGLE PENNY to the American people. If we fall for their TRAP we will end up in even worse straits than we are in now using Arab oil. Yes the Bakken is to an extent still an unproven amount of recoverable oil, which so far is only ESTIMATES. I have holdings in two of the drilling companies,and I watch their financial moves quite closely. There is now a completely new approach to fracture type of horizontal drilling,which is currently being tried out by one of the companies. It is a proprietary technology, and if successful will take a lot of the cost out of the drilling overall. It could fail as well! At present it is PROTOTYPE equipment. Everybody in it financially is OUT ON A LIMB,at this point. Both of these companies are subcontractors for some real behemouths of the industry. If anybody is thinking about investing I plead with you DO YOUR HOMEWORK….THOROUGHLY before you invest……..then PRAY. There are a number of scams being perpetrated as well. So far none of the state SEC bodies have done a damn thing to stop the scammers.

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