Monthly Archives: June 2014

May jobs report June 6, 2014, Jobs added replace jobs lost in recession?, US Labor Dept BLS orwellian data, Low information voters and reporters, CNN Market Watch reports

May jobs report June 6, 2014, Jobs added replace jobs lost in recession?, US Labor Dept BLS orwellian data, Low information voters and reporters, CNN Market Watch reports

“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

 

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

 

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

 

We not only have low information voters in this country we have low information reporters.

Yesterday the big jobs news was the alleged recovery of jobs lost during the recession.

From CNN June 4, 2014.
“U.S. soon to recover all jobs lost in crisis

Set your sights on this number: 113,000.

“That’s how many jobs the U.S. economy needs to hit its break-even point, to finally recover all the jobs lost in the financial crisis.
Get ready, because we’re about to get there this Friday.

That’s when the U.S. Department of Labor will release its May jobs report, and the outlook is rosy. Economists surveyed by CNNMoney expect the U.S. economy added 200,000 jobs in May.”

Read more:

http://money.cnn.com/2014/06/04/news/economy/jobs-report-recovery/

From Market Watch June 5, 2014.

“When the Labor Department releases the data on jobs created in May, the figures are expected to show that, for the first time, the total number of jobs has surpassed the level when the U.S. entered recession in December 2007. The U.S. is just 113,000 jobs away from the previous peak reached in January 2008. Economists polled by MarketWatch expect a 210,000 gain.”

Read more:

http://blogs.marketwatch.com/capitolreport/2014/06/05/u-s-on-the-verge-of-recovering-all-the-jobs-that-were-lost-during-the-recession/

At least Market Watch added this:

“And it’s important to note the U.S. population has grown by about 12.5 million people since 2008. Not all of them will be in the work force, but if the numbers on labor-force participation of that group are similar to what’s seen nationally, that’s another 6 million positions to fill.”

And thank God some of the public is paying attention.

From the Market Watch article comments.

“Wayne H1 hour ago
Government fuzzy math.
US Population:
7/8 304.09M
11/13 316.99M

Growth of 12.9M during Obama presidency

US Labor force participation:
01/08 66.2M
04/14 62.8M

Jobs shrunk 3.4M during Obama presidency

US household income:
12/7 $55,500
6/13 $52,100

Down $3,400

The reality is that fewer people are making less money to support even more people.

 

Seamus Brown2 hours ago
Hey MW, you missed this chart:

http://data.bls.gov/timeseries/LNS12300000

It tells the whole story, factoring in the falling participation rate.

Of course, we all know the truth is not your goal, is it?

 

Will O’My2 hours ago
@Seamus Brown
This is a good one also –
http://research.stlouisfed.org/fred2/series/EMRATIO
This data center has all the data for economics research, it is the Fed’s central data center.”

“Bill Johnson2 hours ago
Quick get the memo to all those extra people on food stamps that they need to cancel their benefit. They are employed again and didn’t even know it.

In the year 2000 we had 17,194,000 people on food stamps with a population of 282,162,411. In 2008 we had 28,223,000 people on food stamps. As of February of 2014 we have 46,177,144 people on food stamps. Our current population is 318,176,220 million.

This means that we went from having 6% to 14.5% of the population on food assistance in 14 years. What type of jobs are exactly being created here? What type of “progress” are we experiencing here? ARE YOU SICK AND TIRED OF IT YET!!?

Oh I know the answer, we will just keep expanding the gov’t some more. That will fix it because its obviously worked so well for us so far. Before you jump down the Democrats throats the Republicans get some of this blame too.

http://www.fns.usda.gov/pd/supplemental-nutrition-assistance-program-snap
http://www.census.gov/popclock/”

 

 

May 2014 job cuts highest in 15 months, Challenger Gray and Christmas report, Plans to reduce payrolls 52961, Job cuts up 31 percent from April, Technology sector highest

May 2014 job cuts highest in 15 months, Challenger Gray and Christmas report, Plans to reduce payrolls 52961, Job cuts up 31 percent from April, Technology sector highest

“The unemployment rate for 18-to-29-year-olds was 9.1% in April, which rises to 15.5% if you include those who have given up looking for work,”
“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate,”
“For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The home ownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

 

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

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

 

 

From Challenger, Gray and Christmas June 5, 2014.
“2014 May Job Cuts: 52,961 Highest Monthly Total in 15 Months”

“Job cuts climbed to the highest level in more than a year, as US-based employers announced plans to reduce payrolls by 52,961 in May, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

May job cuts were up 31 percent from 40,298 announced layoffs in April. It was the second consecutive increase in monthly job cuts and the largest one-month total since February 2013, when 55,356 job cuts were recorded.

Last month’s total was 46 percent higher than the 36,398 job cuts announced in May 2013.
To date, employers have announced a total of 214,600 planned job cuts in 2014, which is 2.3 percent fewer than the 219,560 job cuts tracked in the first five months of 2013.

The heaviest downsizing in May occurred in the technology sector, where computer firms announced plans to cut payrolls by 18,799. Hewlett-Packard, which has announced several large-scale workforce reductions in recent years, revealed plans to cut as many 16,000 workers in its ongoing efforts to “reengineer the workforce to be more competitive.”

The May total for the computer industry was the largest since May 2012, when cuts reached 27,754, due primarily to another large job-cut announcement from Hewlett-Packard.”

Read more:

http://www.challengergray.com/press/press-releases/2014-may-job-cuts-52961-highest-monthly-total-15-months

 

2014 How Housing Matters Survey, Over half US adults difficulty paying mortgage or rent, MacArthur Foundation report, Renters and owners paying more than 30% of their income on housing

2014 How Housing Matters Survey, Over half US adults difficulty paying mortgage or rent, MacArthur Foundation report, Renters and owners paying more than 30% of their income on housing

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

“Nearly half of U.S. companies are reluctant to hire full-time employees because of the ACA. One in five firms indicates they are likely to hire fewer employees, and another one in 10 may lay off current employees in response to the law.

Other firms will shift toward part-time workers. More than 40 percent of CFOs say their companies will consider switching some jobs to less than 30 hours per week or targeting part-time workers for future employment.”…Duke University Fuqua School of Business December 11, 2013

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

 

 

 

From the MacArthur Foundation June 3, 2014.

“Housing Challenges Real For Many Americans, Finds 2014 How Housing Matters Survey”

“During the past three years, over half of all U.S. adults (52%) have had to make at least one sacrifice in order to cover their rent or mortgage, according to a new survey of housing attitudes released today by MacArthur. Such sacrifices included getting an additional job, deferring saving for retirement, cutting back on health care and healthy foods, running up credit card debt, or moving to a less safe neighborhood or one with worse schools.

The How Housing Matters Survey, the second annual national survey conducted by Hart Research Associates, found that while there are some indicators that the American public’s views about the housing crisis are shifting toward the positive, large proportions of the public are not feeling the relief: seven in 10 (70%) believe we are still in the middle of the crisis or that the worst is yet to come.”

“Renters and owners paying more than 30% of their income on housing – an established benchmark of financial distress — have had to make many of these sacrifices at even higher rates. Some 62% of distressed owners and 3 in 4 distressed renters (74%) have made at least one of these tradeoffs in the past three years. Among those indicating distress in paying their rent or mortgage, 27% have stopped saving for retirement, 23% have cut back on health care, and 23% have accumulated credit card debt.

While economists and housing experts say the housing crisis is behind us, large proportions of the American people are not feeling the relief. Very high proportions of the public (70%) continue to believe that we are still in the midst of the housing crisis (51%) or that the worst is yet to come (19%). Only 25% believe “the housing crisis is pretty much over.” The public in 2014 is only slightly more optimistic than it was one year ago, when 77% believed we were still in the middle of the crisis or that the worst was yet to come. More than two in five adults (42%) believe the housing market today continues to be a serious problem.”

Read more:

http://www.macfound.org/press/press-releases/housing-challenges-real-many-americans-finds-2014-how-housing-matters-survey/

 

Obama anti American energy policy aims to shut down more coal plants, Obama and stupid biased mainstream media continue global warming lies, Antartica lies exposed

Obama anti American energy policy aims to shut down more coal plants, Obama and stupid biased mainstream media continue global warming lies, Antartica lies exposed

“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 
“The news media really “blew it” and provided an astounding demonstration of their monumental political bias and climate science incompetence in their reporting about this Antarctica related climate story.”…Larry Hamlin, Watts Up With That, May 28, 2014

“The (American) press, which is mostly controlled by vested
interests, has an excessive influence on public opinion.”… Albert Einstein

 

 

From Fox News June 2, 2014.
“Obama to announce controversial emissions limit on power plants”

“The Obama administration is set to announce a rule Monday to limit carbon emissions in thousands of fossil-fuel burning plants across the country, a cornerstone of President Obama’s climate-change agenda and his first-term promise to reduce such emissions by 17 percent by 2020.

The Environmental Protection Agency will ask existing plants to cut pollution by 30 percent by 2030, according to people familiar with the proposal who shared the details with The Associated Press on condition of anonymity, since they have not been officially released.

The draft rule, which sidesteps Congress, will go into effect in June 2016, following a one-year comment period. States will then be responsible for executing the rule with some flexibility.

They are expected to be allowed to require power plants to make changes such as switching from coal to natural gas or enact other programs to reduce demand for electricity and produce more energy from renewable sources.

They also can set up pollution-trading markets as some states already have done to offer more flexibility in how plants cut emissions.

If a state refuses to create a plan, the EPA can make its own.”

Read more:

http://www.foxnews.com/politics/2014/06/02/obama-to-announce-rule-to-limit-emissions-from-fossil-burning-plants-part-his/

From MSNBC May 12, 2014.
“Antarctica ice melt is ‘unstoppable’”

“Last week, President Obama warned that climate change is already here and not “some distant part of the future.” Now researchers at NASA and the University of California Irvine have found evidence that man-made global warming may have already caused some irreversible damage.

On Monday, NASA and U.C. Irvine released a joint report finding that a section of the West Antarctic Ice Sheet “appears to be in an irreversible state of decline, with nothing to stop the glaciers in this area from melting into the sea,” according to a statement on NASA’s website.

“The collapse of this sector of West Antarctica appears to be unstoppable,” said glaciologist Eric Rignot, one of the report’s lead authors, in the statement. “The fact that the retreat is happening simultaneously over a large sector suggests it was triggered by a common cause, such as an increase in the amount of ocean heat beneath the floating sections of the glaciers. At this point, the end of this sector appears to be inevitable.””

Read more:

http://www.msnbc.com/msnbc/west-antarctic-ice-sheet-melt-unstoppable

From Watts Up With That May 28, 2014.

“IPCC findings dispute ABC, CBS, NBC and BBC alarmist and flawed Antarctica sea level rise claims”

“IPCC report shows Antarctica has “negative contribution to sea level” over the 21st century

The recent ridiculous and scientifically flawed media claims of large Antarctica related sea level rise impacts due to “unstoppable” glacier ice loss supposedly reflected in two recent scientific papers looks even more absurd when these made up claims are compared against the Antarctica scientific findings of the UN IPCC AR5 WGI climate report.

Recapping the wonderfully informative reporting by the major “news” networks on May 12 about these two Antarctica ice loss studies we have:

NBC’s anchor Brian Williams asserting that these new studies reflect that sea levels would rise by 13 feet over the next 100 years because of the glacier ice loss which was caused by global warming and is unstoppable. Virtually nothing Williams said was reflected in what was contained in the new studies.

Williams failed to understand that the two studies did not say anything about sea level rise projections, made no mention that man made global warming was driving these glacier ice loss results and additionally appears to have ineptly borrowed his made up 13 foot number from a newspaper article (The Guardian which claimed a 4 meter sea level rise) which managed to confuse “feet” with “meters”. What impressive reporting by the NBC news anchor!!

But Williams was not alone in his zeal to invent the alarmist story line regarding the two new Antarctica studies. ABC’s anchor Diane Sawyer warned us that NASA had issued an “alert” about rising sea levels based on a 40 year study of glaciers in Antarctica that showed they were melting so fast is was unstoppable. She warned that low lying states like Florida would be hardest hit with sea level rise of 3 feet (another made up number) or more by 2100.”
“That’s right – the IPCC says that its Surface Mass Balance (SBM) models for Antarctica show that its projected future climate behavior causes sea level to decline not increase!

Furthermore it explains this finding by saying:

“Projections of Antarctic SMB changes over the 21st century thus indicate a negative contribution to sea level because of the projected widespread increase in snowfall associated with warming air temperatures (Krinner et al., 2007; Uotila et al., 2007; Bracegirdle et al., 2008).” (13.4.4.1)”

“Additionally the IPCC AR5 WGI report also shows that the huge Eastern Antarctica area which is the largest ice mass region with 90% of the continents total ice mass, is in fact gaining ice mass by noting the following:

“The recent IMBIE analysis (Shepherd et al., 2012) shows that the West Antarctic ice sheet and the Antarctic Peninsula are losing mass at an increasing rate, but that East Antarctica gained an average of 21 ± 43 Gt yr–1 between 1992 and 2011. Zwally and Giovinetto (2011) also estimate a mass gain for East Antarctica (+16 Gt yr–1 between 1992 and 2001).” (4.4.2.3)

The UN IPCC AR5 WGI report doesn’t support at all and in fact offers clear scientific evidence to the contrary which both refutes and embarrasses the alarmist sea level rise claims made by the major news media and their “star” anchors concerning their ludicrous reporting on the latest Antarctica ice loss studies.”

Read more:

IPCC findings dispute ABC, CBS, NBC and BBC alarmist and flawed Antarctica sea level rise claims