US companies slashing jobs and buying back stock further impacting consumerism, Citizen Wells warning of white employment decimation, Most jobs created under Obama part time and low paying, Immigrants rewarded at native born and economy expense
“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015
“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015
“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells
Anybody listening, watching?
Citizen Wells has been warning you for many months about the decimation of white American, native born, jobs under Obama.
We have been constantly bombarded, in Orwellian, “1984” fashion about all the jobs created and strengthening economy.
Even the mainstream media cannot prop up the latest numbers.
And now we have another problem that cannot be ignored. And it will become a self fulfilling prophecy. Further affecting consumer spending.
Companies slashing employees and buying by stock.
From Market Watch October 2, 2015.
“Companies are cutting jobs and buying back stock at the same time
How would you feel if the company that just laid you off said it was spending millions of dollars, or even billions, to buy back its stock?
At least you wouldn’t feel lonely.
U.S. companies announced 205,759 job cuts during the third quarter, the most since the third quarter of 2009, just after the Great Recession, according to data provided by outplacement company Challenger, Gray & Christmas Inc. In September, the number of announced job cuts was nearly double what it was at the same time last year.
On Friday, the Labor Department released a stinker of a September jobs report.
At the same time, share repurchases announced by U.S. companies during the third quarter remains around the highest levels in at least the last decade, according to data provider Dealogic Ltd. In September, companies authorized buybacks totaling $243.4 billion, more than seven times the amount announced in the same month a year ago, Dealogic said.
One might think these corporate actions are mutually exclusive, but as the chart above shows, many companies are doing both. In fact, some companies have even announced job cuts and share buybacks in the same news release.”
“Industry expects said that often times, money used for stock buybacks comes from retained earnings—saved from the past—while layoffs reflect concerns about the future outlook for growth. When times are tough, however, it’s a different story.
“Whenever a company is laying off employees, something is not going the way it wanted it to,” said Dr. Michael McDonald, a professor at Fairfield University’s Dolan School of Business, in a phone interview with MarketWatch.
When a company is buying back stock and laying people off as its share price is falling, it could be viewed as “defensive” move, he said.”
From Rush Limbaugh October 2, 2015.
“There Is No Economic Recovery
RUSH: There’s also economic news out today on the jobs market. Once again, I predicted this. No surprise here. There is no economic recovery, zip, zero, nada, and there has not been for seven years. And Wall Street is practically now admitting it, and the Federal Reserve, by saying, “Well, I guess we can cease all this talk about raising interest rates.” There have been a lot of people seemingly waiting for interest rates to be raised by the Fed, because that would mean, wow, the economy is really exploding. Except it isn’t, it hasn’t even been close. We’re now over 94 million Americans not working. The labor force participation rate is nearing an all-time low in this country.”
“Now the economic news, finally. You know, for the past three or four years we’ve had to put up with a lying, stinking media, ignoring repeated bad news on the economy — be it wages or hours worked or full-time employment, unemployment, jobs in general, or whatever — and then on the rare occasion where a month would feature some in-and-of-itself good news, then that would be reported and built up into massive, great, year-round news that’s happening.
“The economy’s finally rebounded! The recovery is taking place! Job creation’s ongoing!” It was all lies. This economy… From Obama’s first year in office — when he first did the stimulus, the Porkulus bill — there has not been economic expansion, and more and more people have been leaving the workforce. People’s hours have been converted from full time to part time so that employers comply with Obamacare.”
“It was the lie.
It’s the creation of an illusion because people realize that perception is reality, and if you report enough to create a perception there’s a robust economy happening out there and a robust recovery, even people not experiencing it will believe it because, well, they see it on TV. So when the Fed says, “Well, I guess we can’t raise interest rates,” what that means is that there is no economic activity. Now, the jobs numbers this month are like 60,000 below analysts’, experts’ expectations or whatever.
But the fact of the matter is that month to month it’s been a game of the media working with jaundiced numbers provided by the government. The overall truth is there hasn’t been any economic recovery. The evidence is everywhere. Millennials can’t find jobs, Millennials, college graduates, can’t find careers. More and more people are living at home. The job market’s being flooded with illegal immigrants, which is depressing wages. I mean, there’s not one decent economic sign out there.”
From Citizen Wells October 2, 2015.
“Citizen Wells has been warning you for many months.
The employment situation, despite the best efforts of the White House and mainstream to lie to you, is bad and getting worse.
White Americans, who still compose approx. two thirds of the working age population, have been decimated in employment under Obama.
White employment fell 135,000 in September.
White employment fell 267,000 since January.
The labor force participation rate fell to 62.4 percent the lowest since 1977.
A record 94.6 million Americans are not in the labor force.
A meager 142,000 “jobs” were created in September.
August “jobs” were revised downward 37,000 to 136,000.
We are closer to being in a depression that the recession we have been in.”
From Zero Hedge October 2, 2015.
“The US Has Added Three Times More Foreign-Born Workers Than Native-Born Since December 2007
If you thought the headline jobs print was bad, wait till you see this.
While we will show the quality of the jobs shortly (you guessed it: waiters and bartenders jumped, manufacturing workers tumbled), with the presidential elections, in which immigration has become the key topic coming up, a far more relevant issue is the spread between “native-born” workers (as defined by the BLS), and “foreign-born.” Expect the September data to provide much fodder for the upcoming republican and democratic debates.
But before we show what happened, here is a quick glance at the breakdown between full and part-time jobs in September. According to the BLS, 53,000 part-time jobs were added in September. The offset: a drop of 185,000 full-time jobs. Welcome, once again, to the part-time recovery we first profiled in December 2010.”