Initial claims lowest in 15 years?, Look at percent of population working!, Get rid of enough employees and claims go down, Citizen Wells challenge to Orwellian and low information reporters in media
“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in September at 7.1 million. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job.”…US Labor Dept. September 2014
“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
“And if all others accepted the lie which the Party imposed
–if all records told the same tale–then the lie passed into
history and became truth. “Who controls the past,” ran the
Party slogan, “controls the future: who controls the present
controls the past.”…George Orwell, “1984″
You are reporting that initial claims were the lowest in 15 years with a straight face and you are not on drugs , you really believe it and you are not part of the Obama camp Orwellian media.
How about giving the public the damn truth!
Just this morning I wrote.
“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”
“Do not be fooled by low information biased media.
Those folks dropping out of the labor force are not mostly older baby boomers.
They are younger people who have given up on finding jobs.
Many of them are not drawing unemployment pay and are not counted in the unemployed numbers.
They also cannot be laid off.
NC is the ninth most populous state and is representative of what is taking place in the US.
Many states have been hit even harder.
From Citizen Wells January 15, 2015.
“Forget the unemployment rate. If you remove enough people from the labor force you will achieve full employment and a low unemployment rate. We have that scenario now. In fact one state, West Virginia, has a labor force participation rate below 50 percent yet the unemployment rate is 6.3 percent.
See what I mean?
Old Abe Lincoln once said “you can’t fool all of the people all of the time.””
The plummet of the labor force participation rate in NC, other states and the US is big news and should be more widely reported.
The percentage of the population working is also important and in some ways more significant.
Since the big news today was the lowest so called initial claims number in 15 years let’s go back to January 2000 and compare the employment to population percent from then to now.
Jan 2000 64.6
Dec 2014 59.2
That’s a plummet of 5.4 percent!
Jan 2000 65.1
Dec 2014 56.5
That’s a plummet of 8.6 percent !!!
So much for the improved economy and jobs situation.
I warned you we were in the age of Big Brother and “1984.”