Category Archives: Employment

NC unemployment rate drops due to labor force exodus, Greensboro News Record accurate report, November 22, 2013, 8 percent unemployment rate, Labor force participation rate plummets 2 percent this year

NC unemployment rate drops due to labor force exodus, Greensboro News Record accurate report, November 22, 2013, 8 percent unemployment rate, Labor force participation rate plummets 2 percent this year

“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

“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.””...Greensboro News Record September 2, 2013

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

 

I heard a radio report yesterday misportray the drop in the NC unemployment rate to 8 percent as good news.

I was pleased to read that the Greensboro News Record provided an accurate report of the dismal jobs situation in NC.

From the News Record November 22, 2013.

“Unemployment rate drops, but fewer N.C. residents are working than a year ago”

“North Carolina’s unemployment rate fell to an even 8 percent in October, which makes for a positive headline.

But there’s a gloomier underside.
Total employment, according to “smoothed seasonally adjusted” numbers, was down from a year earlier, when the unemployment rate was 9.4 percent.

How could that be? Our labor force keeps shrinking. It’s smaller by 77,429, the N.C. Department of Commerce reports.”

“Addendum: “The state’s labor force participation rate — a key measure of labor utilization — fell steadily over that time to the lowest monthly figure recorded at any point since 1976,” John Quinterno says.”

Read more:

http://www.news-record.com/blogs/clark_off_the_record/article_4ba8cf74-539e-11e3-aeb0-001a4bcf6878.html

The labor force participation rate has fallen 2 percent this year!

The unemployment rate has dropped 1.5 percent.

You do the math.

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

CBS poll 7 percent satisfied with Obamacare, Nov 20, 2013, Obama disapproval rating 57 percent, 61 percent disapprove of Obamacare, More evidence from California of Obamacare impact

CBS poll 7 percent satisfied with Obamacare, Nov 20, 2013, Obama disapproval rating 57 percent, 61 percent disapprove of Obamacare, More evidence from California of Obamacare impact

“If you like your health care plan, you’ll be able to keep your health care plan.”…Barack Obama

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

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

 

 

CBS reported on a Obama Obamacare poll on November 20, 2013.

Clicking on the search results:

  1. Poll: Obamacare support, Obama approval sink to new lows – CBS 

    www.cbsnews.com/…/pollobamacare-support-oba…

    1 day ago

    Support for Obamacare has dropped 12 points in a month; Obama’s approval is on  At the same time, only 21 percent approve of the job congressional  This poll was conducted by telephone November 15-18, 2013 among  …”

Yielded:

“The page cannot be found

The page you requested cannot be found on the CBS News website.
The page may have been removed, had its name changed, or is just temporarily unavailable.”

Therefore, I present the entire “rectified” article from The Wayback Machine.

“Poll: Obamacare support, Obama approval sink to new lows”

 

“President’s approval rating plummets: How Obama will try to rebuild credibility
President Obama’s job approval rating has plunged to the lowest of his presidency, according to a new CBS News poll released Wednesday, and Americans’ approval of the Affordable Care Act has dropped it’s lowest since CBS News started polling on the law.

Thirty-seven percent now approve of the job Mr. Obama is doing as president, down from 46 percent in October — a nine point drop in just a month. Mr. Obama’s disapproval rating is 57 percent — the highest level for this president in CBS News Polls.

A rocky beginning to the opening of the new health insurance exchanges has also taken its toll on how Americans perceive the Affordable Care Act. Now, approval of the law has dropped to 31 percent – the lowest number yet recorded in CBS News Polls, and a drop of 12 points since last month. Sixty-one percent disapprove (a high for this poll), including 46 percent who say they disapprove strongly.

Republicans are nearly unanimous in their disapproval of the law, and now more than two-thirds of independents agree. Almost six in ten Democrats continue to support the law, but their support has dropped 16 points from last month – from 74 percent in October to 58 percent today. Support has dropped 11 points among independents and five points among Republicans.

More than a month after the health care exchanges opened, just one in 10 Americans think the sign-up for the exchanges has been going well. Instead, more than two-thirds think it’s not going well – including seven in 10 of those who have looked up information on the exchanges themselves.

And just a third of Americans are confident that the federal government’s healthcare website – HealthCare.gov – will be fixed by the December 1st deadline set by the Obama administration.

Thirty-four percent are at least somewhat confident, while almost two thirds are either not very or not at all confident. Fifty-five percent of Democrats are at least somewhat confident.

Just seven percent of Americans think the Affordable Care Act is working well and should be kept in place as it is. Far more, 48 percent, think there are some good things in the law, but changes are needed to make it work better, and another 43 percent think the law needs to be repealed entirely.

The president’s overall job approval rating has declined among many demographic groups since last month, including independents (a 12-point drop), men (down 9 points), and women (a 10-point drop). More women now disapprove than approve of the job Mr. Obama is doing as president.

When compared to recent two-term presidents, President Obama’s approval rating is similar to that of George W. Bush at this point in his presidency, but lower than the ratings of both Bill Clinton (58 percent) and Ronald Reagan (65 percent). In November 2005, 35 percent of Americans approved of the job President Bush was doing. That number mostly declined over the rest of his term, hitting a low of 20 percent in October 2008.

President Obama has also taken a hit on views of his honesty. During the presidential campaign last fall, 60 percent of voters said Mr. Obama was honest and trustworthy, but just 49 percent of Americans think that today.

Most Democrats (84 percent) say the president is honest and trustworthy, but most Republicans don’t think he is (77 percent). Independents are more divided in their assessments: 43 percent think President Obama is honest and trustworthy, but 53 percent don’t think he is.

The Parties in Congress

Both major parties in Congress are viewed negatively. Just 26 percent of Americans approve of how the Democrats in Congress are doing their job, down five points from last month and the party’s lowest approval measure since January 2012. At the same time, only 21 percent approve of the job congressional Republicans are doing, and 73 percent now disapprove — a slight drop from last month.

______________________________________________

This poll was conducted by telephone November 15-18, 2013 among 1,010 adults nationwide. Data collection was conducted on behalf of CBS News by Social Science Research Solutions of Media, Pa. Phone numbers were dialed from samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups may be higher. Interviews were conducted in English and Spanish. This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.”

http://web.archive.org/web/20131120184257/http://www.cbsnews.com/8301-250_162-57613067/poll-obamacare-support-obama-approval-sink-to-new-lows/

From Zero Hedge November 20, 2013.
“The “Obamacare Shock” – One California Employer’s Terrifying True Story”

“My company, based in California, employs 600. We used to insure about 250 of our employees. The rest opted out. The company paid 50% of their premiums for about $750,000/yr.

Under obamacare, none can opt out without penalty, and the rates are double or triple, depending upon the plan. Our 750k for 250 employees is going to $2 million per year for 600 employees.

By mandate, we have to pay 91.5% of the premium or more up from the 50% we used to pay.

Our employees share of the premium goes from $7/week for the cheapest plan to $30/week. 95% of my employees were on that plan. Remember, we used to pay 50% now we pay 91.5% and the premiums still go up that much!!

The cheapest plan now has a deductible of $6350! Before it was $150. Employees making $9 to $10/hr, have to pay $30/wk and have a $6350 deductible!!! What!!!!

They can’t afford that to be sure. Obamacare will kill their propensity to seek medical care. More money for less care? How does that help them?”

Read more:

http://www.zerohedge.com/news/2013-11-20/obamacare-shock-one-california-employers-terrifying-true-story

 

 

 

 

 

BLS October 2012 jobs numbers faked by Obama controlled Census Bureau, .3 percent plunge, Reliable Sources claim, Employee told to make up information from higher up

BLS October 2012 jobs numbers faked by Obama controlled Census Bureau, .3 percent plunge, Reliable Sources claim, Employee told to make up information from higher up

“President Obama said in his inaugural address that he planned to “restore science to its rightful place” in government. That’s a worthy goal. But statisticians at the Commerce Department didn’t think it would mean having the director of next year’s Census report directly to the White House rather than to the Commerce secretary, as is customary. “There’s only one reason to have that high level of White House involvement,” a career professional at the Census Bureau tells me. “And it’s called politics, not science.””
“The Bureau of Labor Statistics also uses the Census to prepare the economic data that so much of business relies upon. “If the original numbers aren’t as hard as possible, the uses they’re put to get fuzzier and fuzzier,” says Bruce Chapman, who was director of the Census in the 1980s.”…WSJ February 10, 2009

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

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

 

From the NY Post November 18, 2013.

“Census ‘faked’ 2012 election jobs report”

“In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.”

“I’ve been suspicious of the Census Bureau for a long time.

During the 2010 Census report — an enormous and costly survey of the entire country that goes on for a full year — I suspected (and wrote in a number of columns) that Census was inexplicably hiring and firing temporary workers.

I suspected that this turnover of employees was being done purposely to boost the number of new jobs being report each month. (The Labor Department does not use the Census Bureau for its other monthly survey of new jobs — commonly referred to as the Establishment Survey.)

Last week I offered to give all the information I have, including names, dates and charges to Labor’s inspector general.
I’m waiting to hear back from Labor.

I hope the next stop will be Congress, since manipulation of data like this not only gives voters the wrong impression of the economy but also leads lawmakers, the Federal Reserve and companies to make uninformed decisions.

To cite just one instance, the Fed is targeting the curtailment of its so-called quantitative easing money-printing/bond-buying fiasco to the unemployment rate for which Census provided the false information.

So falsifying this would, in essence, have dire consequences for the country.”

Read more:

http://nypost.com/2013/11/18/census-faked-2012-election-jobs-report/

From Citizen Wells  November 3, 2012.

US employers added 171,000 jobs in October. Whoopie!

Did they mention the planned almost almost 48,000 job cuts. Or the other job losses or the average work week?

The stated unemployment rate of 7.9 percent is nothing to write home about either. Especially since the U6 rate, which includes those still seeking employment, is 14.6 percent.

From One News Now November 2, 2012.

“Unemployment rate number labeled ‘deceptive’”
“The October unemployment rate inched up to 7.9 percent from 7.8 percent in September. But Dan Celia of Financial Issues Stewardship Ministries continues to insist this final pre-election look at the job figures is fictitious.

At the same time, U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought.

The Labor Department’s last look at hiring before Tuesday’s election sketched a picture of a job market that is gradually gaining momentum after nearly stalling in the spring. However, it is the highest unemployment rate of any incumbent president since Franklin D. Roosevelt.

Meanwhile, Mitt Romney says the one-tenth-of-a-point increase in the unemployment rate to 7.9 percent is, quote, “a sad reminder that the economy is at a virtual standstill.””

“Dan Celia of Financial Issues Stewardship Ministries continues to insist this final pre-election look at the job figures is fictitious.

“I will remain in the camp — until I can have proven to me mathematically otherwise — that a 7.9-percent unemployment rate is a ridiculously fabricated, deceptive number about the unemployment rate,” he says. “We still have nowhere near those in the labor participation rate that we had in January of 2009, nothing close to it. It did go up, as would stand to reason; it went up two-tenths of one percent. That only means that it must have gone up a lot more than that …. I’m really being cynical here, but [they] couldn’t control it or spin it, so they had to add at least two-tenths of one percent, [which is] one of the reasons why unemployment went up to 7.9 percent.”

CeliaLong-term unemployment, according to Celia, still remains high.

“The U6 unemployment rate, that is the number of unemployment [plus] those still looking for jobs, is 14.6 percent,” he explains. “It did go down one-tenth of one percent. [But] there are still 23 million people struggling to find a job. There’s an 8-million job gap … between what the president said we would have at this time, compared to what we really have …. [That’s a] gap that I’m sure you’re not going to hear anyone talk about.”

He also predicts another aspect of the unemployment picture that likely will not be talked about very much.

“One of the big numbers here this week, today, was that hours worked per week did not change [dramatically]. It went down a tick [to] 34.4 hours per week,” he notes. “That is not a good forward-looking number, and that is some cause for concern.”

And what about the number of new jobs reported Friday?

“We are still staying on track of consistently adding close to 150,000 private sector jobs per month, which by the way this year is consistent with a do-nothing, just under two-percent GDP growth. That’s consistent. That’s about where it ought to be,” he offers.

“[But] just so you know, we need about 350,000 [new private sector jobs] average per month to really have any kind of a growing economy — which, by the way, is impossible to have in a two-percent GDP growth.””

http://onenewsnow.com//ap/politics/unemployment-rate-inches-up-again

From Market Watch November 1, 2012.

“Planned layoffs jump up in October: Challenger”

“Led by the automotive sector, planned job cuts jumped up 41% in October to almost 48,000, the highest level since May, outplacement consultancy Challenger, Gray & Christmas said Thursday. “The final three months of the year tend to see heavier downsizing activity as companies make year-end adjustments to meet earnings goals and to prepare for the new year,” said John Challenger, chief executive officer of Challenger, Gray & Christmas. “Certainly, the deluge of weak third-quarter earnings reports that resulted from declining sales here and abroad does not bode well for workers as 2013 approaches.” Job cuts in October were up 12% from last year.”

http://www.marketwatch.com/story/planned-layoffs-jump-up-in-october-challenger-2012-11-01

From GOPUSA October 31, 2012.

“Malkin: The Obama Layoff Bomb”

“In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that “(m)uch of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter of 2009.” Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame — bravely and squarely — right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.

Last week, Ohio-based auto parts manufacturer Dana Holding Corp. warned employees of potential layoffs amid “looming concern” about the economy. President and CEO Roger Wood specifically mentioned the walloping burden of “increasing taxes on small businesses” and the need to “offset increased costs that are placed on us through new laws and regulations.”

Case in point: Obamacare. The mandate will cost Dana Holding Corp., which employs some 24,500 workers, “approximately $24 million over the next six years in additional U.S. health care expenses.” As Ohio Watchdog blogger Maggie Thurber reported, the firm’s Toledo area corporate offices laid off seven white-collar employees last Friday; company insiders told her more were on the way. They are not alone.

On Tuesday, Consol Energy issued a federally mandated layoff disclosure announcing its “intent to idle its Miller Creek surface operations near Naugatuck, W.Va.” The move will affect the company’s Wiley Surface Mine, Wiley Creek Surface Mine, Minway Surface Mine, Minway Preparation Plant and Miller Creek Administration Group, all in Mingo County, W.Va. Despite state approval, cooperation with the U.S. Army Corps of Engineers and myriad other agencies, and a stellar safety record, Obama’s EPA dragged its feet on the permit approval process. The impasse has forced layoffs of 145 Consol Energy employees that will hit at the end of the year. They are not alone.

In August, Robert E. Murray, founder and CEO of Murray Energy Corporation in Ohio, blasted the White House anti-coal agenda for the layoffs and closure of his company’s mine. He told Obama water-carrying CNN anchor Soledad O’Brien that “the many regulations that (Obama) and his radical appointees and the U.S. EPA have put on the use of coal, there are dozens of them and collectively by his own energy administration, have closed 175 power plants.” As O’Brien barked at her guest about purported environmental objections, Murray explained that “we cannot get permits for these mines. They are delaying the issuance of permits. If you can’t get the permit, you can’t have the mine. … I created those jobs, and I put the investment in that mine. And when it came time to lay the people off, I went up personally and talked to every one of them myself to lay them off. It’s a human issue.”

And it’s an innovation issue, too. As I reported in February, Obamacare’s impending 2.3 percent medical device excise tax has already wrought havoc on the industry:

Stryker, a maker of artificial hips and knees based in Kalamazoo, Mich., is slashing 5 percent of its global workforce (an estimated 1,000 workers) this coming year to reduce costs related to Obamacare’s taxes and mandates.

Covidien, a N.Y.-based surgical supplies manufacturer, recently announced layoffs of 200 American workers and plans to move some of its plant work to Mexico and Costa Rica, in part because of the coming tax hit.

Mass.-based Zoll Medical Corp., which makes defibrillators and employs some 1,800 workers in the U.S. and around the world, says the medical device tax will cost the company between $5 million and $10 million a year.

This July, Indiana’s Cook Medical Inc. shelved plans to open five new plants because of the imminent medical device tax hit. They are not alone.

The heads of Koch Industries, Westgate Resorts and ASG Software Solutions have all separately informed their employees of prosperity-undermining Obama economic politics. Left-wing groups have lambasted the executives for exercising their political free speech.

But they have remained silent while the White House corruptocrats bribed federal defense contractors into delaying federally mandated layoff disclosures before the election. In a memo now being investigated on Capitol Hill, Obama promised to cover the legal fees of Lockheed Martin and other defense contractors if they ignored legal requirements to inform workers in advance about so-called sequestration cuts to the military’s budget scheduled to kick in next year.

Truth suppression is a time-honored Obama tactic, of course. Remember: The administration and its Democratic allies on Capitol Hill attempted to punish Deere, Caterpillar, Verizon and ATT in 2010 for disclosing how the costs of Obamacare taxes were hitting their bottom lines — even though they were simply following SEC disclosure requirements. The White House also tried to silence insurers who dared to inform their customers about how Obamacare was driving up premiums. Not this time.

The administration’s bully boys don’t have enough whitewash and duct tape to cover up the past, present and future devastation of the president and his economic demolition team.”

http://www.gopusa.com/commentary/2012/10/31/malkin-the-obama-layoff-bomb/?subscriber=1

https://citizenwells.wordpress.com/2012/11/03/obama-jobs-data-november-3-2012-7-9-percent-unemployment-record-high-14-6-percent-actual-jobs-gained-jobs-lost-net-far-below-needed-obama-layoff-bomb/

Obama so called economic recovery hurts people just as Obamacare does, Behind economic and jobs reports are real people, Part time low paying jobs, Food stamps, Good jobs lacking

Obama so called economic recovery hurts people just as Obamacare does, Behind economic and jobs reports are real people, Part time low paying jobs, Food stamps, Good jobs lacking

“millions of Americans are getting or are about to get cancellation letters for their health insurance under Obamacare, say experts, and the Obama administration has known that for at least three years.”…NBC News October 29, 2013

 “The “real” unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics”…CNS News November 8, 2013

“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. As for the third message, it referred to a very simple error which could be set right in a couple of minutes. As short a time ago as February, the Ministry of Plenty had issued a promise (a ‘categorical pledge’ were the official words) that there would be no reduction of the chocolate ration during 1984. Actually, as Winston was aware, the chocolate ration was to be reduced from thirty grammes to twenty at the end of the present week. All that was needed was to substitute for the original promise a warning that it would probably be necessary to reduce the ration at some time in April.”…George Orwell, “1984″

 

I often tell my friends and associates that much of what we discuss is not about politics or ideologies.

It is about people.

I have tried to keep the real news about the economy and jobs in front of people.

The real economic news is scary, but like the impact of Obamacare, it is the human side that is the scariest.

Here are two articles from Zero Hedge that tell part of the story.

“Guest Post: Meet One Of The Victims Of The “Economic Recovery””

“Have you ever cried yourself to sleep because you had no idea how you were going to pay the bills even though you were working as hard as you possibly could?  You are about to hear from a single mother that has been there.”

“What you are about to read is an open letter to Barack Obama that has gone absolutely viral on the Internet in recent days.  It is a letter that a single mother named Yolanda Vestal posted on her Facebook page, and it has really struck a nerve because countless other young parents can clearly identify with what she is going through.  The following is the text of her letter…

Dear President Obama,

 

I wanted to take a moment to say thank you for all you have done and are doing. You see I am a single Mom located in the very small town of Palmer, Texas. I live in a small rental house with my two children. I drive an older car that I pray daily runs just a little longer. I work at a mediocre job bringing home a much lower paycheck than you or your wife could even imagine living on. I have a lot of concerns about the new “Obamacare” along with the taxes being forced on us Americans and debts you are adding to our country. I have a few questions for you Mr. President.

 

Have you ever struggled to pay your bills? I have.

 

Have you ever sat and watched your children eat and you eat what was left on their plates when they were done, because there wasn’t enough for you to eat to? I have.

 

Have you ever had to rob Peter to pay Paul, and it still not be enough? I have.

 

Have you ever been so sick that you needed to see a doctor and get medicine, but had no health insurance because it was too expensive? I have.

 

Have you ever had to tell your children no, when they asked for something they needed? I have.

 

Have you ever patched holes in pants, glued shoes, replaced zippers, because it was cheaper than buying new? I have.

 

Have you ever had to put an item or two back at the grocery store, because you didn’t have enough money? I have.

 

Have you ever cried yourself to sleep, because you had no clue how you were going to make ends meet? I have.

 

My questions could go on and on. I don’t believe you have a clue what Americans are actually going through and honestly, I don’t believe you care. Not everyone lives extravagantly. While your family takes expensive trips that cost more than most of us make in two-four years, there are so many of us that suffer. Yet, you are doing all you can to add to the suffering. I think you are a very selfish and cold hearted man, who does not care what is best for the people he was elected by (not by me) to represent, but more so out for the glory of your name attached to history. So thank you Mr. President, thank you for pushing those of us that are barely staying afloat completely under water and driving America into the ground. You have made your mark in history, as the absolute worst and most hated president of the United States. God have mercy on your soul!

 

Sincerely,

 

Yolanda Vestal

Average American

These are the kinds of emotions that millions of American parents are wrestling with on a daily basis.  Many of them are working as hard as they possibly can and yet still find themselves unable to adequately provide for their families.”

Read more:

http://www.zerohedge.com/news/2013-11-12/guest-post-meet-one-victims-economic-recovery

 

“”It’s Not Just Harder To Get A Job – It’s Harder To Get A Good Job””

“For many in the US, as WSJ reports based on the bifurcated ‘recovery’ in the US, the recession never ended, “we’re still in it… it feels like like we’re still in it and it’s getting worse.” Simply out, America’s jobs recovery is proceeding on two separate tracks – a pattern that is persisting far longer than after past economic rebounds and lately has been growing worse. For those with decent jobs, wages are rising, albeit slowly, and job security is the strongest it has been since before the recession. But many others – the young, the less educated and particularly the unemployed – are experiencing hardly any recovery at all.”

Read more:

http://www.zerohedge.com/news/2013-11-12/its-not-just-harder-get-job-its-harder-get-good-job

 

Washington Post lies about baby boomer impact on labor force participation rate, More young people enter job market than retire, Older folks continue working, Intentional lie sloppy reporting or cover for Obama?

Washington Post lies about baby boomer impact on labor force participation rate, More young people enter job market than retire, Older folks continue working, Intentional lie sloppy reporting
or cover for Obama?

“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 “real” unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics”…CNS News November 8, 2013

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

Is the repeated emphasis by the Washington Post on the impact of baby boomers on the plummeting  force participation rate an intentional lie or just sloppy or biased reporting?

Intentional or not it is a lie.

Citizen Wells first criticized the Washington Post on May 9, 2012 for this false report.

“The Washington Post on May 4, 2012 posted a very misleading article titled “The incredible shrinking labor force.” Is this another example of sloppy or biased journalism or both?”

“The verbage in the top right corner looked suspicious, ”As the most recent recession hits the workforce, larger numbers of baby boomers begin to retire.” Yesterday I called the Bureau of Labor Statistics and discovered that they had not placed those words there. It was the work of the Washington Post.

So why did the Post superimpose that wording about baby boomers on the graph?”

“Critics of the Obama administration have been quick to seize on this as the real reason for the falling unemployment rate. In February, the Republican National Committee released a research note on “The Missing Worker,” arguing that “over 3 million unemployed workers have called it quits due to Obamanomics.”

Economists say the story is considerably more complicated. For one thing, the trend predates President Obama. And while part of the story is clearly that the labor force is shrinking because the bad economy is driving workers out, another significant factor is that baby boomers are beginning to retire early — a trend that has worrying implications for future growth.”
“But a number of economists are arguing that the recession is distracting people from the real story — long-run demographic trends that have nothing to do with the current economy. Baby boomers are starting to retire en masse, which means that there are fewer eligible American workers.”

https://citizenwells.wordpress.com/2012/05/09/washington-post-misrepresents-labor-force-participation-rate-unemployment-rate-blamed-on-baby-boomers-selective-quoting-post-receives-4-orwells/

On September 6, 2013 the Washington Post reported.

“So why is the labor force dropping? There are a couple big factors going on here. Older Americans are retiring, younger Americans are going back to school, and many workers have been discouraged by the weak U.S. economy. Here’s an updated breakdown:

1) The aging of America. One big reason the participation rate dropped involves long-run demographic trends that have nothing to do with the current economy. Baby boomers are starting to retire en masse, which means that there are fewer eligible American workers.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been steadily declining as the baby-boom generation has been retiring.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/06/the-incredible-shrinking-labor-force-again/

On November 8, 2013 the Washington Post once again listed older workers retiring first as a cause of the drop. They did, however, add some clarification as if to back off of their position.

“So what’s up with that broader trend? Why has the participation rate been dropping in recent years? There are a couple big factors going on here. Older Americans are retiring, younger Americans are going back to school, and many workers have been discouraged by the weak U.S. economy. Here’s an updated breakdown:

1) The aging of America. One big reason the participation rate dropped involves long-run demographic trends that have little to do with the current economy. Baby boomers are starting to retire en masse, which means that there are fewer eligible American workers.

Demographics have always played a big role in the rise and fall of the labor force. Between 1960 and 2000, the labor force in the United States surged from 59 percent to a peak of 67.3 percent. That was largely due to the fact that more women were entering the labor force while improvements in health and information technology allowed Americans to work more years.

But since 2000, the labor force rate has been declining steadily as the baby-boom generation has been retiring. ”

“So what’s going on? One theory is that the weak job market is causing people to simply give up looking for work — they’re crumpling up their resumes and going home. A recent paper (pdf) from the Boston Fed suggested that these “non-inevitable dropouts” might even account for the bulk of the decline.”

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/11/08/the-u-s-labor-force-is-still-shrinking-rapidly-heres-why/

I am going to make this real simple.

Let’s ignore immigrants increasing our work force for the moment.

The baby boomer generation is known for it’s size. However, due to the growth in the US, recent generations are even larger.

Let’s take the example of those turning 65 in 2014, born in 1949 and those turning 22 in 2014, born in 1992. I chose age 22 to account for college even though some of them entered the work force earlier, if they could find a job.

There were  3.56 million people born in the US in 1949. 85 % or 3.026 million are alive.

There were 4.08 million people born in 1992. Probably at least 4 million still alive.

Let’ assume that all of the people who turn 65 next year retire.

That is still a net gain of about a million potential workers.

As we all know, all of those people do not stop working unless they cannot find a job.

From the CBO.

“The resulting rise in the projected rates of labor force participation for older people is noteworthy. For men ages 62 to 64, CBO projects that the rate of labor force participation will rise from about 52 percent in 2012 to about 55 percent in 2022. For men ages 65 to 69, the projected rate rises from about 37 percent in 2012 to about 41 percent in 2022. The changes for women are similar: The projected rate of labor force participation for women ages 62 to 64 rises from about 44 percent to about 48 percent, and for women ages 65 to 69, the projected rate increases from about 28 percent to about 32 percent. In 2022, the FRA will be 67 only for people age 62 or younger in that year. As that group ages and the FRA gradually becomes 67 for all older people, CBO projects that the labor force participation rate for older people will continue to increase, although at a slower pace.”

http://www.cbo.gov/publication/43834

That’s right. You read it correctly.

Men ages 62 to 64:  rate of labor force participation  about 52 percent in 2012.

Men ages 65 to 69:   37 percent in 2012.

Once again I am compelled to award the Washington Post 4 Orwells.

Jobs report November 8, 2013, AP and mainstream media protect Obama, Blame shutdown, Pre and post shutdown data paints gloomy job picture, Labor force participation rate and part time jobs

Jobs report November 8, 2013, AP and mainstream media protect Obama, Blame shutdown, Pre and post shutdown data paints gloomy job picture, Labor force participation rate and part time jobs

“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

“Approximately 1 million more people could only find part time employment since Obama took office in January 2009.”…Citizen Wells August 2013

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

The AP and mainstream have come to the aid of Obama prior to the release of the October jobs report. They have been preparing us for gloomy employment data by blaming it on the shutdown. While the employment data could be minimally skewed by the government shutdown, data prior to and after the shutdown reveals the truth about Obama’s economy.

From the Greensboro News Record November 7, 2013.

(The print edition heading was: “Jobs report will reflect shutdown”)

“Why a spike in October unemployment may not be so bad”

“The jobs report for October due out Friday may be bleak. It might even be scary. The unemployment rate could jump by the most in three years. Hiring may slow from an already weak pace.

Don’t panic.

The ugly figures will reflect the government’s partial shutdown, which coincided with 16 days in October. The trends for the job market will likely reverse themselves in coming months.

“It’s going to be a very messy report, and I don’t think we think should take it at face value,” said Jennifer Lee, an economist at BMO Capital Markets.
Economists warn that the unemployment rate could surge as high as 7.5 percent from 7.2 percent in September. That would be the steepest one-month rise since 2010.

The number of jobs added in October could slow to roughly 120,000 from the 148,000 added in September. That isn’t healthy. In the first nine months of this year, the average job gain was 180,000.

The shutdown will be mostly to blame. But its effect on the data won’t be easy to tease out. Economists have all but thrown up their hands trying to forecast Friday’s figures or to suggest what they might mean. However the numbers turn out, the distortions mean the monthly jobs data will be less useful in gauging the economy’s health than they normally are.

“We have much less confidence in these numbers than usual,” economists at Bank of America Merrill Lynch wrote in a note for clients.
Why the confusion?”

Read more:

http://www.news-record.com/news/local_news/article_199cdf62-4745-11e3-8138-001a4bcf6878.html

Pre shutdown data

………………………………………………. Jan 2009           Aug 2013

Labor force participation rate                 65.7                      63.2

Employment-population ratio                 60.6                     58.6

Want a job now                                               5700K                 6285K
not in labor force

From the Independent Review Journal September 19, 2013.
“5 Years Later: 16 Stats That Put Any Liberal’s Claim That Our Economy Is Healthy to Shame”

  • There are 12.6 percent more part time jobs and 4.6 percent fewer full time jobs.
  • Even with part time workers being counted the stated unemployment rate is 7.3 percent instead of 5 percent.
  • The labor force participation rate has plummeted 3 percent.
  • The average length of unemployment has risen from 17.7 weeks to 37 weeks.
  • Median household income has dropped $ 5,000.

http://www.ijreview.com/2013/09/80348-16-stats-put-claim-economy-healthy-shame/

From the former US Labor Dept. BLS chief Keith Hall August 5, 2013.

“The July government employment report released Friday showed the job market treading water.”And a closer look at one of the two measures the Labor Department uses to gauge employment suggests that part-time work accounted for almost all the job growth that’s been reported over the past six months. …” ‘Over the last six months, of the net job creation, 97 percent of that is part-time work,’ said Keith Hall, a senior researcher at George Mason University’s Mercatus Center. ‘That is really remarkable.’”Hall is no ordinary academic. He ran the Bureau of Labor Statistics, the agency that puts out the monthly jobs report, from 2008 to 2012. Over the past six months, he said, the Household Survey shows 963,000 more people reporting that they were employed, and 936,000 of them reported they’re in part-time jobs.” ‘That is a really high number for a six-month period,’ Hall said. ‘I’m not sure that has ever happened over six months before.’ “”
“How, then, to explain what’s happened since January? Back to the McClatchy article and Hall, the former BLS chief:

“Hall speculated that the implementation of the Affordable Care Act, shorthanded as Obamacare, might be resulting in employers shifting workers to part-time status to avoid coming health care obligations.”

http://www.ajc.com/weblogs/kyle-wingfield/2013/aug/05/obamacare-economy-35-part-time-jobs-every-new-full/

Recent Job News.

From The Economic Collapse Blog October 14, 2013.

“#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.

#10 The labor force participation rate is the lowest that it has been in 35 years.

#11 As I mentioned the other day, the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 Incredibly, only 47 percent of all adults in America have a full-time job at this point.”

http://theeconomiccollapseblog.com/archives/22-reasons-to-be-concerned-about-the-u-s-economy-as-we-head-into-the-holiday-season

ADP October 2013 Employment Report.

“According to ADP National Employment Report findings, the U.S. private sector added a total of 130,000 jobs during the month of October, well below the average of the last twelve months. Small business growth was down from the previous month, while payrolls among large enterprises showed an increase.”

– Carlos Rodriguez, president and chief executive officer of ADP

Download the Press Release

View This Month’s Small Business Report

Change in Nonfarm Private Employment (in thousands) Tweet this chart

 

Read more:

http://www.adpemploymentreport.com/2013/October/NER/NER-October-2013.aspx

“U.S. planned layoffs rise in Oct -Challenger”

“The number of planned layoffs at U.S. firms rose 13.5 percent in October on cuts in the pharmaceutical and financial sectors, a report on Wednesday showed.

Employers announced 45,730 layoffs last month, up from 40,289 in September, according to the report from consultants Challenger, Gray & Christmas, Inc.”

http://www.reuters.com/article/2013/11/06/usa-economy-jobs-challenger-idUSN9N0H000520131106

US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008

US Economy major downturn imminent?, Why Obama loves shutdown diversion, Job cuts, Record participation rate drops, Largest drop in US economic confidence since 2008

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

“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo

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

Why is Obama so wrapped up in the government shutdown controversies?

It is another great diversion from one of his many failures.

From The Economic Collapse Blog October 14, 2013.

“22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season”

“Are we on the verge of another major economic downturn? In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well. Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling. Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months. Our economy has been in decline for a very long time, and that decline appears to be accelerating. There aren’t enough jobs, the quality of our jobs continues to decline, our economic infrastructure is being systematically gutted, and poverty has been absolutely exploding. Things have gotten so bad that former President Jimmy Carter says that the middle class of today resembles those that were living in poverty when he was in the White House. But this process has been happening so gradually that most Americans don’t even realize what has happened. Our economy is being fundamentally transformed, and the pace of our decline is picking up speed. The following are 22 reasons to be concerned about the U.S. economy as we head into the holiday season…

#1 According to Gallup, we have just seen the largest drop in U.S. economic confidence since 2008.

#2 Retailers all over America are reporting disappointing sales figures, and many analysts are very concerned about what the holiday season will bring. The following is an excerpt from a recent Zero Hedge article…”

“#9 The number of announced job cuts in September 2013 was 19 percent higher than the number of announced job cuts in September 2012.

#10 The labor force participation rate is the lowest that it has been in 35 years.

#11 As I mentioned the other day, the labor force participation rate for men in the 18 to 24 year old age bracket is at an all-time low.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 Incredibly, only 47 percent of all adults in America have a full-time job at this point.

#14 U.S. consumer delinquencies are starting to rise again.”

Read more:

http://theeconomiccollapseblog.com/archives/22-reasons-to-be-concerned-about-the-u-s-economy-as-we-head-into-the-holiday-season

Unemployment initial claims jump 66000, October 10, 2013 initial claims 374000, Planned job cuts in third quarter rise 25 percent over 2012, 10 companies with 75000 job cuts

Unemployment initial claims jump 66000, October 10, 2013 initial claims 374000, Planned job cuts in third quarter rise 25 percent over 2012, 10 companies with 75000 job cuts

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

“Between 2009 and 2012, the federal government recorded the largest budget deficits relative to the size of the economy since 1946, causing federal debt to soar. Federal debt held by the public is now about 73 percent of the economy’s annual output, or gross domestic product (GDP). That percentage is higher than at any point in U.S. history except a brief period around World War II, and it is twice the percentage at the end of 2007. “…CBO September 17, 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 US Labor Dept. October 10, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA

In the week ending October 5, the advance figure for seasonally adjusted initial claims was 374,000, an increase of 66,000 from the previous week’s unrevised figure of 308,000.”

http://www.dol.gov/opa/media/press/eta/ui/current.htm

From 247WallSt October 9, 2013.

“Ten American Companies Cutting the Most Jobs”

“Planned job cuts in the third quarter rose 25% from a year ago. With September jobs cuts up 19% from last year, it represented the fourth month in a row in which job cuts were higher than the same month last year. Despite the current trend, employers are on pace to cut roughly the same number of jobs that were cut last year.

According to data compiled by Challenger, Gray & Christmas, 10 companies alone have announced close to 75,000 job cuts this year, combined. This represents nearly 20% of all the announced cuts in 2013.”

Read more:

http://247wallst.com/special-report/2013/10/09/10-american-companies-cutting-the-most-jobs/?link=mktw

US employment data October 4, 2013, BLS statement, Gallup report, Payroll to Population Rate drops to 43.5 percent, More Americans taking part time jobs

US employment data October 4, 2013, BLS statement, Gallup report, Payroll to Population Rate drops to 43.5 percent, More Americans taking part time jobs

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

“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 the US Labor dept. BLS.
“Statement on release of September employment numbers”

“The Department of Labor issued the following statement about the September 2013 Employment Situation report:

“Due to the lapse in funding, the Employment Situation release which provides data on employment during the month of September, compiled by the U.S. Department of Labor’s Bureau of Labor Statistics, will not be issued as scheduled on Friday, October 4, 2013. An alternative release date has not been scheduled. The Employment Situation release includes the unemployment rate (from the household survey) and payroll employment (from the business establishment survey).””

http://www.dol.gov/opa/media/press/opa/OPA20132030.htm

From Gallup October 3, 2013.
“U.S. Payroll to Population Rate at 43.5% in September”

“The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, fell slightly to 43.5% in September, from 43.7% in August. P2P has declined more than a percentage point from the 45.1% found in September 2012.”

“The percentage of part-time workers wanting full-time work was 9.4% in September, up from 8.7% in August and from 8.6% last September. This suggests the decline in the unemployment rate is actually due to more Americans taking part-time jobs rather than gaining the full-time employment they want.”

“Gallup’s unadjusted and seasonally adjusted unemployment rates experienced month-over-month and year-over-year declines in September. However, Gallup’s P2P rate — the percentage of all adults in the U.S. population who are employed full time — fell slightly compared with August and is 1.6 points lower than it was in September 2012. This means fewer people are unemployed, but not because they found full-time jobs. The percentage of part-time workers wanting full-time work increased last month from August and from September 2012, suggesting that some of those who were unemployed left the workforce or found part-time work, but not the full-time jobs they are seeking.”

Read more:

http://www.gallup.com/poll/165227/payroll-population-rate-september.aspx

 

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

Obamacare crony capitalism hurts Americans employees helps attorneys medical companies, Lawyers top contributors to Obama in 2008, Health care providers and employers with part time workers benefit

“Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,””…UPS memo 

“Can we stop calling ObamaCare the Affordable Care Act now?”…Guilford College student

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

I began referring to Obamacare as a tax and control bill by at least March 26, 2010. It is certainly that.

But it is also another glaring example of Obama crony capitalism.

Obama rewarded his top 2008 industry contributor, lawyers and law firms, and one of his his largest crony groups, with no tort reform.

ObamaContributions

From Citizen Wells July 30, 2012.

“Doctor Shortage Likely to Worsen With Health Law”

“In the Inland Empire, an economically depressed region in Southern California, President Obama’s health care law is expected to extend insurance coverage to more than 300,000 people by 2014. But coverage will not necessarily translate into care: Local health experts doubt there will be enough doctors to meet the area’s needs. There are not enough now.

Other places around the country, including the Mississippi Delta, Detroit and suburban Phoenix, face similar problems. The Association of American Medical Colleges estimates that in 2015 the country will have 62,900 fewer doctors than needed. And that number will more than double by 2025, as the expansion of insurance coverage and the aging of baby boomers drive up demand for care. Even without the health care law, the shortfall of doctors in 2025 would still exceed 100,000.”

“The American Medical Association recognizes there are shortages in certain geographic areas and in certain specialties. Part of that is due to the aging population and a stagnant number of medical-school applicants.

But there are other significant reasons. They include the increasing costs of medical malpractice coverage, higher practice costs, lower insurance reimbursement rates and insurance-company restrictions resulting in less autonomy over how patients are cared for.”

“Cost of malpractice insurance forcing doctors to leave high-risk specialties

Lawyers benefit from huge damage awards”

“In New Hampshire, many physicians are leaving as malpractice insurance costs soar. Specialty physicians have experienced a 50 percent increase in premiums from five years ago. The average premium is now close to $100,000 for obstetricians and neurosurgeons.”

Read more:

https://citizenwells.wordpress.com/2012/07/30/obamacare-and-no-tort-reform-why-healthcare-costs-skyrocketed-why-there-is-a-doctor-shortage-obama-and-democrats-in-bed-with-attorneys-and-trial-lawyers/

I was surprised and pleased to find the following article from CNN October 5, 2012.

“Health care act’s glaring omission: liability reform”

“But for all of the Obama administration’s work in creating this 906-page federal law, there is one glaring omission that could decrease the costs of health care and help relieve the upcoming physician shortage.

Medical liability reform.

How could the Obama administration create such a comprehensive overhaul of health care without addressing this issue? Although not a panacea for the health problems in the United States, the need for physicians to practice defensive medicine in order to avoid potential litigation has far-reaching consequences.”

“It’s a well-known fact that family medicine physicians and even obstetrician-gynecologists are giving up the practice of obstetrics because of the excessive cost of malpractice insurance and the fear of potential lawsuits.”

“So why hasn’t the Obama administration included medical liability reform in the Affordable Care Act? I suspect that it comes down to dollars. Not health care dollars or insurance dollars but campaign donation dollars.

According to OpenSecrets.org, since 1990, the American Association for Justice, previously known as the Association of Trial Lawyers of America, has given 92% of its $36.8 million in contributions to Democrats.

The association is also a large contributor to President Barack Obama’s re-election campaign. It is opposed to malpractice tort reform, for obvious reasons, and I suspect that it may have played a significant role in the absence of malpractice liability reform in the Affordable Care Act.”

Read more:

http://www.cnn.com/2012/10/05/health/youn-liability-reform/index.html

From Zero Hedge September 28, 2013.

“Barack Obama promised to fundamentally transform America, and when it comes to health care he has definitely kept his promise.  Thanks to Obamacare, health care spending is up, health insurance premiums are up, the number of hours Americans are working is down and employer-based health insurance is becoming an endangered species.  Of course employer-based health insurance will not disappear completely any time soon, but it has been steadily shrinking for over a decade, and Obamacare will greatly accelerate that decline. “

“And this is a huge reason why the shift from full-time work to part-time work in America has accelerated this year.  Obamacare creates an incentive for companies to have more part-time workers and less full-time workers.  In fact, almost all of the jobs that have been “created” by the U.S. economy in 2013 have been part-time jobs.

But it is incredibly difficult to try to support a family on a part-time job.  Sadly, the quality of our jobs continues to decline rapidly and only 47 percent of all adults have a full-time job in America today.  This is only going to continue to get even worse under Obamacare.

As a result of these trends, more Americans are going to be forced to go out and buy health insurance “on the individual market”.  When they do, they are likely to be in for a really nasty surprise

 
 

Andy and Amy Mangione of Louisville, Ky. and their two boys are just the kind of people who should be helped by ObamaCare. But they recently got a nasty surprise in the mail.

“When I saw the letter when I came home from work,” Andy said, describing the large red wording on the envelope from his insurance carrier, “(it said) ‘your action required, benefit changes, act now.’ Of course I opened it immediately.”

It had stunning news. Insurance for the Mangiones and their two boys,which they bought on the individual market, was going to almost triple in 2014 — from $333 a month to $965.

The insurance carrier made it clear the increase was in order to be compliant with the new health care law.”

Read more:

http://www.zerohedge.com/news/2013-09-28/result-obamacare-employer-based-health-insurance-becoming-extinct