Category Archives: Employment

NC unemployment rate 9.7%, Near highest, Washington DC California Nevada worse hmmm, Dare county 19.1%, Obama and Democrats warm reception in NC?

Posted on April 23, 2012 | 147 comments

NC unemployment rate 9.7%, Near highest, Washington DC California Nevada worse hmmm, Dare county 19.1%, Obama and Democrats warm reception in NC?

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“New, more-accurate estimates show North Carolina’s unemployment rate stayed above 10 percent throughout 2011, falling to 10.2 percent in January in a key election battleground state, the state Commerce Department reported today.”…Greensboro News Record March 14, 2012

“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″

Pretend you are listening to Sheriff Andy Taylor of the Andy Griffith Show.

You know Barn, I was ponderin sumpin over the weekend. How come it seems like every time I turn around people is hootin and hollerin and carryin on sumpin fierce. Well I just got a hold of the Mayberry Gazette and would you know, them government fellas has come out with a new report and in that new report it mentions the fact that the unemployment rate in NC has plummeted to 9.7%. Land sakes! No wonder them folks has been celebratin. And Barn, wait til Barack Obama and the Democrats come to Charlotte for their convention. Why I bet the folks down there will give them a homecoming they’ll never forget. Accordin to the Gazette, folks around Charlotte should be rejoicin with these unemployment rates:

Mecklenburg 10%
Gaston 11.2%
Cleveland 11.1%
Scotland 17.5%

Why, it’s no small wonder people are grinnin like a possum.

I know we are mighty happy to have a 10.9% unemployment rate here.

And barn, would you look at this. Dare county, 19.1 %. Them folks have gotta be mighty proud (don’t tell nobody I own a ranch there).

End of show….or is it?

From the Jefferson Post April 23, 2012.

“N.C. unemployment improves to 9.7 percent in March”

“Despite Ashe County’s early year jobs slide, the unemployment numbers across the rest of the state improved between February and March according to seasonally adjusted data released by the N.C. Department of Commerce last week.

N.C.’s seasonally adjusted unemployment rate fell by .2 percentage points to 9.7 percent from February’s revised rate of 9.9 percent. The number of unemployed also decreased over-the-month, falling by 12,092 to 451,657.

“Since the start of the year, the rate has dropped three consecutive months,” said N.C. Department of Commerce Deputy Secretary Dale Carroll. “Over the year figures continue to show improving numbers with the private sector gaining more than 37,000 jobs. Finding North Carolinians work through our programs and services available at our local offices remains our priority.”

The number of people employed, seasonally adjusted, increased by more than 4,000 to 4,228,180 between February and March, and by 63,805 since March 2011. Year-over-year, the NC unemployment rate fell by .7 percent, from 10.4 percent in March 2011.

Over the month, the number of persons unemployed declined by 12,092, or 2.6 percent. The civilian labor force was relatively unchanged at 4,679,837.

Nationally, March’s unemployment rate decreased by .1 percent from February to 8.2 percent. The number of persons unemployed fell by 133,000, or 1 percent, while the civilian labor force declined by 164,000, or .1 percent.”

http://www.jeffersonpost.com/view/full_story/18325408/article-N-C–unemployment-improves-to-9-7-percent-in-March?instance=popular

NC has one of the worst unemployment rates in the nation. Below are the states with the highest unemployment rates. It is important to note that Illinois, Washington DC, California and Nevada are on the list.

41 ILLINOIS 8.8
42 SOUTH CAROLINA 8.9
43 FLORIDA 9.0
43 GEORGIA 9.0
43 MISSISSIPPI 9.0
43 NEW JERSEY 9.0
47 NORTH CAROLINA 9.7
48 Washington, DC 9.8
49 CALIFORNIA 11.0
50 RHODE ISLAND 11.1
51 NEVADA 12.0

http://www.bls.gov/web/laus/laumstrk.htm

Unemployment rates by NC county subject to revision in a few days.

http://www.wral.com/news/state/page/4879060/

 

147 Comments

Posted in Barack Obama, Charlotte, Citizen News, Citizens for the truth about Obama, CitizenWells, democratic convention, Democrats, Economy, Election 2012, Employment, Jobs, NC, News, North Carolina, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Obama lies on Oil Companies Taxes Profits and impact on consumers, Obama energy policy based on Chicago pay to play politics, Truth Team notification

Posted on April 3, 2012 | 57 comments

Obama lies on Oil Companies Taxes Profits and impact on consumers, Obama energy policy based on Chicago pay to play politics, Truth Team notification

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

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

“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″

The Truth team was created to keep the candidates honest. Once again I am here to help the Truth Team in their efforts. One of the candidates, Barack Hussein Obama has been spreading lies about oil companies and where the blame should be put for high gas prices.

From Business Week March 29, 2012.

“Obama Says Oil Profits Justify Ending U.S. Tax Breaks”

“President Barack Obama said oil company profits justify abolishing $4 billion in annual oil and natural gas subsidies and shifting those savings to research on clean-energy fuels.

With the Senate scheduled to vote on the matter later today, Obama again urged Congress to repeal the tax breaks. The measure is opposed by Republicans, who have the votes to block the legislation.

“It’s not like these are companies that can’t stand on their own,” Obama said in prepared remarks delivered in the White House Rose Garden. Last year, the three biggest U.S. oil companies took home more than $80 billion in profit, with Exxon Mobil Corp. collecting almost $4.7 million each hour, he said.

“And when the price of oil goes up, prices at the pump go up, and so do these companies’ profits,” he said. “Meanwhile, these companies pay a lower tax rate than most other companies on their investments — partly because we’re giving them billions in tax giveaways every year.”

Energy company subsidies are a staple of Obama’s re- election campaign rhetoric, meant to highlight the differences between himself and Republican presidential candidates and cast them as defenders of such spending as they propose cuts in health and other social programs to reduce a deficit forecast at $1.3 trillion this year.

In his Feb. 13 budget, Obama said existing tax “loopholes and expenditures” for the oil and natural gas companies amount to an unwarranted “preference” of these industries over others.

Criticism of Republicans
At Ohio State University March 22, Obama ridiculed Republican presidential candidates as the “flat Earth crowd,” who’d “rather give $4 billion in taxpayer subsidies to oil companies this year than to invest in clean energy.”

“We have been subsidizing oil companies for a century. That’s long enough,” he said.

Republicans today cited a March 3 Congressional Research Service report that found repealing $22.8 billion in tax breaks over five years would reduce the tax breaks for independent companies and, on a small scale, “would make oil and natural gas more expensive for U.S. consumers and likely increase foreign dependence.”

Senate Republican Leader Mitch McConnell of Kentucky, in an e-mailed statement, said Obama’s proposal is a political gambit in an election year and called the plan a “tax hike on American energy manufacturers” that he’d oppose.

Brendan Buck, a spokesman for House Republican Speaker John Boehner, said today in an e-mail that the president is giving a speech “with gas prices at $3.92 per gallon, calling for policy that would make gas more expensive and increase foreign dependence on oil. You wouldn’t believe it, right? Yet this is happening.”

Ending such breaks would reduce the deficit by $41 billion over a decade, according to Obama’s budget for fiscal 2013.

Subsidies were worth $24 billion for the five largest oil companies operating in the U.S., including Irving, Texas’s Exxon Mobil Corp. (XOM) (XOM) and Chevron Corp. in San Ramon, California, Senate Democrats said.”

http://www.businessweek.com/news/2012-03-29/obama-says-oil-company-profits-justify-ending-u-dot-s-dot-tax-br

Let’s begin with profits.

Combined, US oil companies are huge and employ millions of employees. Of course their profits will be large numbers.

Also, we want them to make a profit so that they can keep the gasoline and other petroleum products flowing and people working. If they fail, so does our economy.

And how big are the oil company profits?

Net profit margins:

Oil & Gas Refining & Marketing 3.00 %

Oil & Gas Pipelines 6.00 %

Compare these profit margins to other industries.

http://biz.yahoo.com/p/sum_qpmd.html

What about taxes?

First, the corporate tax rate in the US is near or at the top in the world.

US oil companies pay enormous amounts of taxes. How does this compare to one of Obama’s pay to play buddies GE? Check this out for yourself.

Here is the really important point about raising taxes on oil companies and other companies.

Companies (corporations, LLC’s, partnerships, sole proprietors) do not pay taxes!

Consumers pay for the tax increases.

Taxes are part of the cost of doing business.

A tax increase to a company results in some combination of the following:

Product and service price increases.

Employee and hours cutbacks.

Reduced hiring.

Does any of this sound familiar?

The Obama administration has been responsible for rising gas prices and they are now trying to raise them more.

Of course this has impacted food prices and jobs.

Sound familiar?

57 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Jobs, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Obama taxes, Offshore Drilling, Pay to play politics, The Case Against Barack Obama, United States, US economy, Washington DC, white house

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Obama energy policy pay to play, Reward supporters, Punish taxpayers, Commerce Department imposes new import fees on solar panels made in China

Posted on March 22, 2012 | 24 comments

Obama energy policy pay to play, Reward supporters, Punish taxpayers, Commerce Department imposes new import fees on solar panels made in China

“If some politicians have their way, there won’t be any more public investments in solar energy,” …Barack Obama

“Obama’s energy policy is pay to play”…Citizen Wells

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. His heart sank as he thought of the enormous power arrayed against him, the ease with which any Party intellectual would overthrow him in debate, the subtle arguments which he would not be able to understand, much less answer. And yet he was in the right! They were wrong and he was right. The obvious, the silly, and the true had got to be defended. Truisms are true, hold on to that! The solid world exists, its laws do not change. Stones are hard, water is wet, objects unsupported fall towards the earth’s centre. With the feeling that he was speaking to O’Brien, and also that he was setting forth an important axiom, he wrote:

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

Wasn’t the argument that we needed to become more energy independent, not reward Obama’s supporters?

Let’s face it. At this point in time, the Chinese are going to make solar cells and panels at a lower cost than we are, with or without tariffs.

A good friend of mine approached me several months ago and asked if I was concerned about the Chinese subsidizing their solar cell production. I looked and him and exclaimed. Absolutely not! Let the Chinese bring the cost down, which they have. That will lower the cost here and put more people to work installing them, fuel ancillary industries and reduce our dependence on foreign oil.

Instead, Obama and his administration have rewarded his supporters such as Solyndra at the cost of taxpayer dollars. Then the American manufacturers fail and they along with Obama blame the Chinese.

It’s the Chinese stupid. This should have been factored in to manufacturing decisons and energy policies. The Chinese are a known factor. They didn’t just show up yesterday.

A smart, taxpayer friendly solution would be to work with the Chinese. If they can make the solar cells (and they can) cheaper, let them. Let them lower the price at their expense and learn from their technology like the Japanese did with us. At some point in time it may make sense for the US to manufacture solar cells. Regardless, in a reality based decision platform, “let’s make lemonade out of lemons.”

From The LA Times March 20, 2012.

“U.S. sets new tariffs on China solar panels”

“The U.S. Commerce Department has imposed new import fees on solar panels made in China, finding that the Chinese government is improperly giving subsidies to manufacturers of the panels there.

The Commerce Department said Tuesday it has found on a preliminary basis that Chinese solar panel makers have received government subsidies of 2.9 percent to 4.73 percent. Therefore the department said tariffs in the same proportions will be charged on Chinese panels imported into the U.S., depending on which company makes them.

The tariff amounts are considered small, but the decision could ratchet up trade tensions between the U.S. and China. Several U.S. solar panel makers had asked the government to impose steep tariffs on Chinese imports. They are struggling against stiff competition from China as well as weakening demand in Europe and other key markets, just as President Barack Obama is working to promote renewable energy.

“Today’s announcement affirms what U.S. manufacturers have long known: Chinese manufacturers have received unfair … subsidies,” Steve Ostrenga, CEO of Helios Solar Works in Milwaukee, Wis., said in a statement. The company is a member of a group called the Coalition for American Solar Manufacturing.

On the other side, some U.S. companies argue that low-priced Chinese imports have helped consumers and promote rapid growth of the industry.”

“The U.S. and China are two of the world’s biggest markets for solar, wind and other renewable energy technology. Both governments are promoting their own suppliers in hopes of generating higher-paid technology jobs.

The U.S. manufacturers’ complaints have been amplified by the controversy surrounding Solyndra Inc. — a California-based solar panel maker that filed for bankruptcy protection after winning a $500 million federal loan from the Obama administration.

Solyndra’s failure embarrassed the administration and prompted a lengthy review by congressional Republicans who are critical of Obama’s green energy policies. Solyndra has cited Chinese competition as a key reason for its failure.

U.S. energy officials say China spent more than $30 billion last year to subsidize its solar industry. Obama said in November that China has “questionable competitive practices” in clean energy and that his administration has fought “these kinds of dumping activities.” The administration will act to enforce trade laws where appropriate, Obama said.”

Read more:

http://www.latimes.com/business/la-fi-china-solar-20120320,0,2891514.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fbusiness+(L.A.+Times+-+Business)

 

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Posted in 1984, Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Employment, Energy, Government, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, Pay to play politics, Presidential candidate, The Case Against Barack Obama, US economy, Washington DC, white house

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Obama change in gas and food prices, Higher gas prices threaten economy, Jobs added?, Millions of jobs and job seekers lost, WON Whip Obama Now

Posted on March 17, 2012 | 68 comments

Obama change in gas and food prices, Higher gas prices threaten economy, Jobs added?, Millions of jobs and job seekers lost, WON Whip Obama Now

“If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know…you might want to think about a trade-in.”…Barack Obama
“This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people,”…Barack Obama

“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″

Obama Change

Gasoline and food price facts for Truth Team and interested Americans.

Pedestrians help push a motorist who ran out of gas Friday into a station in downtown Los Angeles, where prices topped $5 per gallon. / Damian Dovarganes / Associated Press

I have located several versions of an AP article on gas prices and the economy.

From the AP March 16, 2012.

“Higher gas prices threaten economy if they persist”

“Inflation remains tame throughout the U.S. economy, with one big exception: gas prices.

Those higher prices haven’t derailed a steadily improving economy. But if they surpass $4 or $5 a gallon, experts fear Americans could pull back on spending, and job growth could stall, posing a potentially serious threat to the recovery.

And the longer prices remain high, the more they could imperil President Barack Obama’s re-election hopes.

A few weeks ago, economists generally agreed that the economy was in little danger from higher gas prices as long as job growth remained strong. But fears are now mounting that gas prices could begin to weaken consumer confidence.

The average pump price nationwide is $3.83 a gallon. Energy analysts say it’s bound to climb higher in the weeks ahead.

“It’s a thorn in the side of the consumer and businesses,” said Chris Christopher, an economist at IHS Global Insight. The economy this year “would have been better and stronger if we didn’t have to deal with this.”

So far, higher prices aren’t undermining the economic recovery, which is getting a lift from strong job creation. It would take a big jump — to around $5 a gallon — before most economists would worry that growth would halt and the economy would slide into another recession.

That’s because an improving economy is somewhat insulated from any threat posed by higher prices at the pump.

The risk is that gas prices could eventually slow growth by causing some people to cut spending on other goods, from appliances and furniture to electronics and vacations. Gasoline purchases provide less benefit for the U.S. economy because about half of the revenue flows to oil-exporting nations, though U.S. oil companies and gasoline retailers also benefit.

Many American businesses suffer, too. They must pay more for fuel and shipping and for materials affected by high oil prices, such as petroleum-based plastics. Profit margins get squeezed.

Even if prices ease after the summer driving season, don’t expect gasoline to fall below $3 a gallon. The government estimates that this year’s average will be $3.79, followed by $3.72 in 2013.

Most economists accept a rough guideline that a 25-cent rise in gas prices knocks about 0.2 percentage point off economic growth.

Gas prices also have an outsize impact on consumer confidence, Christopher noted. It’s a high-frequency purchase. Consumers notice the price whether they’re filling up or driving past a gas station.

Along with the unemployment rate and stock market levels, gasoline prices heavily determine how Americans see their financial health.

That effect was evident Friday when a decline was reported in the Thomson Reuters/University of Michigan index of consumer sentiment. The result surprised some economists who had assumed that higher stock prices and lower unemployment would lift consumer sentiment.

The Michigan report showed that “gasoline worries … are outweighing stock market gains and job growth” when it comes to influencing consumer attitudes, said Michael Hanson, an economist at Bank of America Merrill Lynch.

The price of gasoline has climbed 17 percent since the year began — to a national average of $3.83 a gallon. That’s the highest ever for this time of year. A month ago, it was $3.52.”
http://www.google.com/hostednews/ap/article/ALeqM5jCwE51Rb2hl34tObtft80XI1pKhA?docId=8d2a58e51da64b07b23f1f6bad04b2b6

From above:

“So far, higher prices aren’t undermining the economic recovery, which is getting a lift from strong job creation. It would take a big jump — to around $5 a gallon — before most economists would worry that growth would halt and the economy would slide into another recession.”

Which country are they referring to? As evidenced recently in NC and reported here, the NC unemployment rate was adjusted upward to above 10 percent.

Also as reported here several times.

Inflation has been downplayed as well. Anyone visiting a grocery store for the past several years has watched food prices skyrocket, mostly due to rising gasoline prices.

From America’s North Shore Journal March 17, 2012.

The Bureau of Labor Statistics (BLS) keeps track of the average retail price for a number of common items as a U.S. city average. Let’s take a look at a few. We used the price for the month President Obmam was inaugurated, January 2009, and the last month of data available, December 2011. The items are sorted in descending order by the percentage increase of the price during the Obama administration.

    Obama Obama
Item Unit Jan 2009 Dec 2011 I/D Perc
Gasoline, unl reg gal $1.787 $3.278 $1.491 83.44%
Fuel oil, #2 gal $2.509 $3.777 $1.268 50.54%
Ground beef lb $2.357 $2.921 $0.564 23.93%
Sugar, white lb $0.569 $0.703 $0.134 23.55%
Bacon. Sliced lb $3.730 $4.550 $0.820 21.98%
Cookies, Choc chip lb $3.114 $3.682 $0.568 18.24%
Spaghetti & macaroni lb $1.131 $1.306 $0.175 15.47%
Eggs, A lrg doz $1.850 $1.874 $0.024 1.30%
Electricity kwh $0.126 $0.127 $0.001 0.79%
Lettuce, iceberg lb $0.944 $0.947 $0.003 0.32%
Milk, whole gal $3.575 $3.565 -$0.010 -0.28%
Potatoes, white lb $0.676 $0.666 -$0.010 -1.48%

CPI Food 2009-2011

http://northshorejournal.org/whip-inflation-now

WON (whip inflation now)

Whip Obama Now

68 Comments

Posted in Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Deficit, Democrats, Economy, Election 2012, Employment, Financial crisis, Government, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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CBO real Truth Team, Unemployment rate 15 percent, Obama deficits, 1.2 trillion 2012, Obamacare costs rise and causes millions to lose employer insurance

Posted on March 16, 2012 | 73 comments

CBO real Truth Team, Unemployment rate 15 percent, Obama deficits, 1.2 trillion 2012, Obamacare costs rise and causes millions to lose employer insurance

“And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it’s going up at the level of inflation, maybe just slightly above inflation, we’ve made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That’s why we did it.”…Barack Obama

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America’s debt.”…Barack Obama

“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.”…George
Orwell, “1984”

Real unemployment rate 15 percent.

From the CBO February 2012.

“The rate of unemployment in the United States has
exceeded 8 percent since February 2009, making the past
three years the longest stretch of high unemployment in
this country since the Great Depression. Moreover, the
Congressional Budget Office (CBO) projects that the
unemployment rate will remain above 8 percent until
2014. The official unemployment rate excludes those
individuals who would like to work but have not searched
for a job in the past four weeks as well as those who are
working part-time but would prefer full-time work; if
those people were counted among the unemployed, the
unemployment rate in January 2012 would have been
about 15 percent. Compounding the problem of high
unemployment, the share of unemployed people looking
for work for more than six months—referred to as the
long-term unemployed—topped 40 percent in December
2009 for the first time since 1948, when such data began
to be collected; it has remained above that level ever
since.”

http://www.cbo.gov/sites/default/files/cbofiles/attachments/02-16-Unemployment.pdf
Obama budget deficits

From the CBO March 2012.

“This report by the Congressional Budget Office (CBO) presents an analysis of the proposals contained in the President’s budget request for fiscal year 2013. The analysis is based on CBO’s economic projections and estimating techniques (rather than the Administration’s) and incorporates estimates by the staff of the Joint Committee on Taxation for the President’s tax proposals.1

In conjunction with analyzing the President’s budget, CBO has updated its baseline budget projections, which were previously issued in January 2012. Unlike its estimates of the President’s budget, CBO’s baseline projections largely reflect the assumption that current tax and spending laws will remain unchanged, so as to provide a benchmark against which potential legislation can be measured. Under that assumption, CBO estimates that the deficit would total $1.2 trillion in 2012 and that cumulative deficits over the 2013–2022 period would amount to $2.9 trillion.”

http://www.cbo.gov/publication/43083

Obamacare cost

From the Amrican Enterprise Institute March 15, 2012.

“CBO: Obamacare could cost $2.1 trillion through 2022”

“According to a new government report, it turns out that more people than first expected will end up getting healthcare through the subsidized insurance exchanges and Medicaid rather than through their employers:

In the original analysis of the impact of the legislation, CBO and JCT estimated that, on balance, the number of people obtaining coverage through their employer would be about 3 million lower in 2019 under the legislation than under prior law. As reflected in CBO’s latest baseline projections, the two agencies now anticipate that, because of the ACA, about 3 million to 5 million fewer people, on net, will obtain coverage through their employer each year from 2019 through 2022 than would have been the case under prior law.

The results acknowledge that if a business chooses not to offer insurance coverage under the ACA, some workers might enroll in Medicaid or CHIP or be eligible to receive subsidies through the insurance exchanges. And as a result, the cost of those programs would increase.

Right now, the updated baseline CBO forecast sees the gross cost of Obamacare through 2022 as $1.8 trillion, a number which includes this new estimate of employee coverage. When you include new taxes, the net cost is $1.3 trillion. (Back in 2010, the ten-year, gross cost was a mere $940 billion, as the bill was structured to back end spending. But now instead of six years of spending estimates, we have nine.)

But under one CBO-JCT scenario, the gross costs through 2022 could be $2.1 trillion if even more businesses than expected decide not to offer health insurance and more people need government subsidized coverage.

But no worry, say the government bean counters, $386 billion in addition taxes (for a total of $895 billion) will cover the difference. First, there would be higher penalty payments by employers and individuals. Second, since health benefits are generally not taxed but wages and salaries are, a shift in the mix of compensation would raise federal revenues.”

http://blog.american.com/2012/03/cbo-obamcare-could-cost-2-1-trillion-through-2022/

Obamacare causes millions to lose employer coverage.

From human Events March 16, 2012.

“The latest revelation, reported at The Hill, is that ObamaCare could cause up to 20 million Americans to lose their health care coverage. There is a “tremendous amount of uncertainty” in the forecast, which is just what our fragile Obamanized economy needs right now, but 20 million is the CBO’s worst-case estimate. Maybe it will only be 3 to 5 million people.

The CBO is actually being very, very conservative in its damage estimates, as industry groups think ObamaCare will nuke closer to 50 million employer-provided policies over the next decade. Amusingly, the CBO points to RomneyCare in Massachusetts as “one piece of evidence that may be relevant” to its projections, as “employment-based health insurance appears to have increased since that state’s reforms.” It will be super awesome to hear Romney debate this with Obama.

ObamaCare kills health insurance by dumping so many mandates on employers that it becomes attractive for them to escape by dropping insurance coverage altogether. Even the CBO’s worst-case projections are underestimating the effect this will have on health insurance, in years to come. What do you think will happen to insurance companies that swiftly lose millions of customers to the “public exchanges?” What will happen to the prices they charge to their diminished customer base… and how will that, in turn, influence other businesses trying to decide whether dropping coverage makes sense?

It is nevertheless significant that the Congressional Budget Office, with its typical static-analysis caution, is predicting that ObamaCare might create a number of uninsured that dwarfs the uninsured population it was ostensibly created to help. If Obama’s true agenda is to destroy private health insurance and clear the way for a socialized medicine takeover, everything is proceeding according to plan.”

http://www.humanevents.com/article.php?id=50264

 

73 Comments

Posted in Americans, Barack Obama, Budget, Citizen News, Citizens for the truth about Obama, CitizenWells, Congress, Deficit, Economy, Employment, Government, Health Insurance, Healthcare bill, Jobs, Lies, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, ObamaCare, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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NC unemployment worse than reported, Over 10 percent, North carolina fourth highest, Economy worse than first thought, Truth Team notification

Posted on March 14, 2012 | 25 comments

NC unemployment worse than reported, Over 10 percent, North carolina fourth highest, Economy worse than first thought, Truth Team notification

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“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″

“And you shall know the truth, and the truth shall set you free.”…Jesus, John 8:32

We told you so.

Citizen Wells, Rush Limbaugh and others criticized the stated unemployment rate from the past several months. I knew from my math background and cursory examination of the data that the reported rates were wrong and the economy much worse.

However, I am confident that the Truth Team is on top of this. As part of my efforts to work with the Truth Team to make certain that the candidates quote the correct numbers, I gave them a heads up several weeks ago.

From Citizen Wells February 16, 2012.

“NC Truth Team, Citizen Wells provides facts for Obama Truth Team and Republicans, North Carolina jobs unemployment hardships, No more lies”

““While the job market showed signs of growth last year, both Guilford and the state ended 2011 with more people unemployed than was the case the previous
December.

In Guilford , nearly 24,500 didn’t have jobs; statewide, the number surpassed 446,000.

And both the county and the state ended the year with jobless rates of 9.9 percent. That’s equal to or higher than the rates a year earlier.”

“At the current rate of growth–adding 8,300 annually–it will take 3.5 years–or until 2016–to regain the positions lost during and after the Great recession.

“Looking ahead, Quinterno said he expects more of the same this year.

“Absent robust job growth, joblessness and associated hardships will remain widespread,” he wrote. “2012 could well be the fifth consecutive year of negative or minimal job growth in North Carolina.””

“The employment picture is much bleaker.”

““The weak job growth recorded during 2011 did little to replace the jobs lost earlier in the business cycle. Since the onset of the “Great Recession,” North Carolina has lost, on net, 295,300 positions, or 7.1 percent of its payroll employment base. The maximum job loss recorded during the business cycle occurred in February 2010, when the state had 323,000 fewer jobs (-7.7 percent) than it did 26 months before. Since that time, North Carolina has netted 27,700 positions (+0.7 percent), for an average monthly gain of nearly 1,300 jobs. While the state’s economy added more jobs in 2011 than in 2010 (+19,600 versus +5,400), the growth was too weak to materially alter the employment situation. Even if the annual level of job growth were to triple, it still would take roughly five years to close the current jobs gap, holding all else equal.”

“Estimates of the underemployment rate, a broader measure of labor under-utilization prepared by the US Bureau of Labor Statistics, indicate that 17.9 percent of North Carolina’s adjusted labor force was underemployed, on average, in 2011. That measure includes not only individuals who meet the formal definition of unemployment, but also those working part-time despite preferring full-time work and those marginally attached to the workforce. Over the year, the statewide underemployment rate rose by 0.5 percentage points, rising to 17.9 percent from a level of 17.4 percent in 2010.

Regardless of the exact measure used, a sizable amount of labor in North Carolina is currently sitting idle. Nearly 10 of every 100 members of the state’s labor force are unemployed (seasonally adjusted), while almost 18 of every 100 are underemployed. Moreover, the share of adult North Carolinians with a job has fallen sharply since late 2007. In December 2011, only 55.6 percent of working-age North Carolinians (seasonally adjusted) had jobs, a level no different from the one posted one year prior. This rate actually fell to a low of 55.3 percent near the end of 2011.Q3. At no other time since 1976 has the employment-to-population been as low as it has been in recent months (fig. 7). The current ratio also is well below the historical average rate of 63.6 recorded between January 1976 and December 2007.””

https://citizenwells.wordpress.com/2012/02/16/nc-truth-team-citizen-wells-provides-facts-for-obama-truth-team-and-republicans-north-carolina-jobs-unemployment-hardships-no-more-lies/

I would like to thank the Greensboro News Record for reporting this today, March 14, 2012.

“Update: N.C. jobless rate still above 10 percent”

“New, more-accurate estimates show North Carolina’s unemployment rate stayed above 10 percent throughout 2011, falling to 10.2 percent in January in a key election battleground state, the state Commerce Department reported today.

North Carolina’s jobless rate was the fourth-highest in the country in January, trailing California, Rhode Island and Nevada, which leads the nation with a 12.7 percent unemployment rate.

The report also pointed to some bright spots amid signs of slow improvement in the national economy. An additional 14,213 people were drawing paychecks in January. An extra 6,245 entered the workforce as previously discouraged or young workers started looking for jobs.

On the downside, nearly 8,000 more people were on unemployment rolls in January than in the previous month.

“These new data say the economy is improving, but it’s also saying the economy is worse than we first thought,” said James Kleckley, director of the Bureau of Business Research at East Carolina University.

The estimates were revised in an annual re-examination of available data coupled with U.S. Census information of people reporting themselves as working or unemployed.

The result was that earlier estimates of North Carolina’s unemployment rate dropping below 10 percent in December were revised upward. The new estimates are that the state’s unemployment rate was 10.4 percent in November and December before falling to 10.2 percent in January. The national average was 8.3 percent in January.

“What everything’s been saying is that North Carolina has been improving but not by leaps and bounds by any means,” Kleckley said. “This will make me have to rethink some of the other data. I didn’t expect it. I expected the unemployment rate to be a little lower.”

North Carolina lost more than 330,000 jobs by the time the national recession bottomed out in February 2010, state data showed Tuesday. Since then, the state has gained back about 80,000 jobs, or about a quarter of the jobs lost, John Connaughton, an economic forecaster at UNC-Charlotte.

In January, North Carolina employers added 17,000 more payroll jobs than they cut.

“We had a big January jump,” said Connaughton, who predicts the state’s businesses to add about 50,000 jobs this year.

“The issue here is I think the economy has turned a corner. 2012 is going to start to feel like a recovery for most people,” he said. “People are going to say, ‘Yep, things are getting better. I’ve got job opportunities. I’ve got options.’ ”

Tuesday’s report comes during an election year in which the economy and job prospects are expected to be a huge issue. President Barack Obama is targeting North Carolina as key to his re-election prospects. He narrowly won the state in 2008, reversing a generation of voters picking Republican presidential candidates.

With rising stock markets, increased manufacturing and other indicators pointing to a slowly improving U.S. economy, North Carolina residents have reported increasing optimism. An Elon University poll released last week found about two-thirds of state residents think the economy either will stay the same or get better in the months ahead. More than half of the poll’s respondents said the economy was the most important issue facing the state.

Small-business owners across the country reported increasing optimism for the sixth straight month in February, the National Federation of Independent Business said Tuesday. The hopeful forecast is spreading among North Carolina’s main-street business community, but it’s far too early to celebrate, NFIB state director Gregg Thompson said.

“It looks like things are finally turning around, but unless the pace of recovery picks up, it’ll be years before we’re back where we started,” he said.”

http://www.news-record.com/content/2012/03/13/article/nc_jobless_rate_still_above_10_percent

 

25 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Democrats, Election 2012, Employment, Lies, NC, News, Newspapers, North Carolina, Obama, Obama lies, Obama Nation, Obama records, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Truth Team unemployment facts, CNN Money Orwellian reporting, 8.3 percent unemployment, 227000 jobs added, How many jobs lost?, 476000 added to workforce?

Posted on March 11, 2012 | 47 comments

Truth Team unemployment facts, CNN Money Orwellian reporting, 8.3 percent unemployment, 227000 jobs added, How many jobs lost?, 476000 added to workforce?

“The past is whatever the records and the memories agree upon.
And since the party is in full control of all records, and in
equally full control of the minds of it’s members, it follows
that the past is whatever the party chooses to make it. Six
means eighteen, two plus two equals five, war is peace,
freedom is slavery, ignorance is strength.”…George Orwell, “1984”

“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.”…George Orwell, “1984”

“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″

As I promised recently, I am here to assist the Truth Team in keeping the candidates honest by reporting the facts

The Labor Department, Obama Administration, Mainstream media and Truth Team would have us believe that the alleged influx of 476,000 extra people in the labor force was the reason for the unemplyment rate not dropping. Retirement timing is affected by birth date and other more random events such as the economy and length of service and should be somewhat evenly dispersed during the year. The biggest labor entry events are graduation from high school, college or other schools. So where did the big influx of employees come from? Illegal aliens?

CNN Money gives one of it’s best theatric, Orwellian efforts to make the 8.3 percent (already manipulated by Orwell math) unemployment rate look normal and explained by population growth.

From CNN Money March 9, 2012.

“The economy added 227,000 jobs in February, but the unemployment rate didn’t change at all.
Woe is the White House — which would love to have the lowest rate possible heading into the general election.

Before Obama even took office, America had lost 4.4 million jobs. Track his progress since then.

But why didn’t the unemployment rate change if the economy added jobs?

The unemployment rate measures the percent of the labor force that is unemployed.

The unemployed are individuals who have actively looked for work over the previous four weeks. Looking for work can mean having a job interview, sending out resumes, or even something as simple as calling friends or relatives in hopes of finding a job.

The number of unemployed is then divided by the total labor force. And in February, the size of the labor force increased — possibly as discouraged workers started looking for work again.

As the labor force swelled, so did the number of new jobs necessary to drop the unemployment rate.

Behind the jobs recovery

Just take a look at the last two months for an example of how this works.

In February, 227,000 jobs were added and the unemployment rate didn’t change. Compare that to January, when the economy added 243,000 jobs and the unemployment rate dropped from 8.5% to 8.3%.

The difference?

In January, the labor force participation rate decreased by 0.3%. In February, it increased by 0.2%.

And that 0.2% increase in February translated to 476,000 extra people in the labor force, preventing a decline in the unemployment rate.

So it’s possible that an improving economy can actually cause the unemployment rate to remain static, or even rise, as more discouraged workers start mailing resumes.

Much has been made of how low — or high — the unemployment rate might be on Election Day, and whether a particular number will be enough to ensure a victory for President Obama, or sink his candidacy.

Of course, the unemployment rate is not the best measure of economic strength, but the number plays a large role in campaign trail rhetoric.”

“Assuming the labor force participation rate holds steady, and the population grows at the same rate it has over the previous year, the economy needs to add 149,288 jobs per month to get the unemployment rate to 8%.”

http://money.cnn.com/2012/03/09/news/economy/unemployment-election/

“and the population grows at the same rate it has over the previous year”

The only population event aside from aging (and that was explained above) that affects the labor force is immigration. Legal immigration is monitored and controlled. Are they implying that illegal aliens affected the workforce numbers?

Reread the CNN report and other reports you have heard lately after reading the following from the US Labor Department March 9, 2012.

“Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today.
Employment rose in professional and businesses services, health care and social
assistance, leisure and hospitality, manufacturing, and mining.

Household Survey Data

The number of unemployed persons, at 12.8 million, was essentially unchanged in February. The unemployment rate held at 8.3 percent, 0.8 percentage point below the August 2011 rate.”
“Both the labor force and employment rose in February. The civilian labor force
participation rate, at 63.9 percent, and the employment-population ratio, at 58.6 percent, edged up over the month. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.1 million in February. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In February, 2.6 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 1.0 million discouraged workers in
February, about the same as a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in February had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)”

http://www.bls.gov/news.release/empsit.nr0.htm

There is nothing in the above report that accounts for a 0.2% increase in  the labor force participation.

On February Citizen Wells presented an article on unemployment facts and used the graph from BarackObama.com

https://citizenwells.wordpress.com/2012/02/28/obama-jobs-lies-truth-team-facts-real-unemployment-picture-obama-vs-reagan-jobs-created-not-lost-touted/

I received an email recently from the Truth Team. I was pleased to see that they presented the same graph revealing the worsening employment situation since December 2007.

“Today we received some good news: Last month, American businesses added another 233,000 jobs. That means that after inheriting an economy that was shedding more than 750,000 jobs a month when the President took office, we’ve now had two straight years of job growth. While it’s certainly encouraging, we all know there’s much more that needs to be done.

If you haven’t seen it, check out this jobs chart, spread the good news, and encourage friends to stand with the President as he continues to fight for jobs:”

I am certain that the Truth Team will want the following important omission rectified:

The Democrats took control of congress in 2007. That is when the job situation began worsening.

Truth Team, no thanks necessary.

I just want to make certain that the candidates quote the correct information.

Also, I believe that CNN deserves at least 4 Orwells for their Orwellian presentation of Obama’s performance.

47 Comments

Posted in 1984, Americans, Barack Obama, Big Brother, Citizen News, Citizens for the truth about Obama, CitizenWells, CNN, Economy, Election 2012, Employment, George Orwell, Jobs, Lies, media, News, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, Presidential candidate, The Case Against Barack Obama, Unemployment, US economy, Washington DC, white house

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Truth Team real unemployment rate, NC jobs data, Stephanie Cutter, Truth about employment in US and North Carolina, Obama lies

Posted on February 14, 2012 | 102 comments

Truth Team real unemployment rate, NC jobs data, Stephanie Cutter, Truth about employment in US and North Carolina, Obama lies

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“”You’re a traitor!” yelled the boy. “You’re a thought criminal!””…George Orwell, “1984″

“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″

To:

Stephanie Cutter, Truth Team, et al.

First of all, I would like to thank you for your concerns about the truth about Obama statements and performance. I share those concerns and am happy to share facts with you. The truth.

Since the Democrat Party will be holding the 2012 convention in Charlotte, NC, I am certain that the Truth Team will want the correct figures for North Carolina employment.

Recently Citizen Wells has reported on unemployment in NC.

From Citizen Wells December 4, 2012.

“Jobless figures worst in 80 years”

“data released Thursday by the Employment Security Commission of North Carolina show that Guilford appears on it’s way to a third consecutive year with annual jobless rates in double digits.

Economists say that likely hasn’t happened since the Great Depression.

“I suspect we would have to go back to the 1930′s (to find that),” said Don Jud, professor emeritus at UNCG’s Bryan School of Business and Economics.””

https://citizenwells.wordpress.com/2011/12/04/nc-unemployment-worst-since-great-depression-uncg-and-government-spending-spree-other-peoples-money-obama-supporters-predictable/

From Citizen Wells February 11, 2012.

“While the job market showed signs of growth last year, both Guilford and the state ended 2011 with more people unemployed than was the case the previous
December.

In Guilford , nearly 24,500 didn’t have jobs; statewide, the number surpassed 446,000.

And both the county and the state ended the year with jobless rates of 9.9 percent. That’s equal to or higher than the rates a year earlier.”

“At the current rate of growth–adding 8,300 annually–it will take 3.5 years–or until 2016–to regain the positions lost during and after the Great recession.

“Looking ahead, Quinterno said he expects more of the same this year.

“Absent robust job growth, joblessness and associated hardships will remain widespread,” he wrote. “2012 could well be the fifth consecutive year of negative or minimal job growth in North Carolina.”

https://citizenwells.wordpress.com/2012/02/11/nc-job-growth-dismal-greensboro-news-record-february-11-2012-guilford-county-and-north-carolina-9-9-percent-unemployent-446000-jobless-statewide/

From South by North Strategies, LTD February 10, 2012.

“No Rebound For NC Job Market In 2011”
“North Carolina’s labor market experienced minimal payroll employment growth during 2011. Between December 2010 and December 2011, the state gained 19,600 more payroll jobs than it lost (+0.5 percent). Though the private sector netted 29,400 positions, a net drop of 9,800 government jobs erased one-third of the private-sector gain. With such weak growth, little progress was made against unemployment. Both the number of unemployed individuals and the share of the labor force that was unemployed rose in 2011. And, 2011 marked the fourth consecutive year of negative (2008 and 2009) or minimal (2010 and 2011) job growth in North Carolina.”

“Large Job Gap Remains

The weak job growth recorded during 2011 did little to replace the jobs lost earlier in the business cycle. Since the onset of the “Great Recession,” North Carolina has lost, on net, 295,300 positions, or 7.1 percent of its payroll employment base. The maximum job loss recorded during the business cycle occurred in February 2010, when the state had 323,000 fewer jobs (-7.7 percent) than it did 26 months before. Since that time, North Carolina has netted 27,700 positions (+0.7 percent), for an average monthly gain of nearly 1,300 jobs. While the state’s economy added more jobs in 2011 than in 2010 (+19,600 versus +5,400), the growth was too weak to materially alter the employment situation. Even if the annual level of job growth were to triple, it still would take roughly five years to close the current jobs gap, holding all else equal.

As fig. 3 shows, the job losses recorded during the Great Recession have proven more severe than the ones experienced during the 2001 and 1990-1991 recessions. At the height of the 2001 recession, the state shed 4.5 percent of its jobs base, while the comparable drop during the 1990-1991 recession was 1.9 percent. In both of those recessions, the job gap began to steadily close after the peak job losses were realized. That has not happened during the current cycle. In fact, since December 2009, payroll employment in the state has grown by just 25,000 positions, which has succeeded in lowering the job gap by only 0.6 percentage points.”

“Remember, too, that the job shortfall currently facing North Carolina is actually larger than the one caused by the destruction of jobs during the recession. Since December 2007, the number of working-age Tar Heels has increased by 362,100 (+5.2 percent) persons. This means that payroll employment in the state should have been growing at an average monthly rate of 0.11 percent per month just to keep pace with workforce growth. If one considers the jobs that should have been created over the last four years but were not, the gap facing the state is 518,000 positions (fig. 4). To close that gap by December 2015, holding all else equal, North Carolina would need to net 14,389 jobs per month for each of the next 36 months. At no point since 1990 has North Carolina sustained such a level of growth over so long a period.”

“Joblessness Remains Widespread

Weak job growth in 2011 did little to reduce the problems of unemployment and joblessness in North Carolina. The monthly number of unemployed Tar Heels (seasonally adjusted) averaged 449,679. Furthermore, the average number of unemployed persons rose over the year. On a quarterly basis, there was an average of 16,216 more unemployed persons (+3.7 percent) during 2011.Q4 than one year earlier.

In December 2011, the statewide unemployment rate equaled 9.9 percent, compared to 9.8 percent in December 2010. Throughout 2011, the monthly unemployment rate fluctuated between 9.7 and 10.5 percent. For the year, the average monthly rate was 10 percent, which represented an improvement over the 2010 average rate of 10.5 percent.”

“More Problems Than Simple Unemployment”

“While part of that decline may be attributable to changes in the structure of the workforce (e.g., more people of retirement age), part is likely tied to the decision of frustrated job seekers to abandon their searches. This suggests that joblessness is more widespread than reflected in the official unemployment rate.

Estimates of the underemployment rate, a broader measure of labor under-utilization prepared by the US Bureau of Labor Statistics, indicate that 17.9 percent of North Carolina’s adjusted labor force was underemployed, on average, in 2011. That measure includes not only individuals who meet the formal definition of unemployment, but also those working part-time despite preferring full-time work and those marginally attached to the workforce. Over the year, the statewide underemployment rate rose by 0.5 percentage points, rising to 17.9 percent from a level of 17.4 percent in 2010.

Regardless of the exact measure used, a sizable amount of labor in North Carolina is currently sitting idle. Nearly 10 of every 100 members of the state’s labor force are unemployed (seasonally adjusted), while almost 18 of every 100 are underemployed. Moreover, the share of adult North Carolinians with a job has fallen sharply since late 2007. In December 2011, only 55.6 percent of working-age North Carolinians (seasonally adjusted) had jobs, a level no different from the one posted one year prior. This rate actually fell to a low of 55.3 percent near the end of 2011.Q3. At no other time since 1976 has the employment-to-population been as low as it has been in recent months (fig. 7). The current ratio also is well below the historical average rate of 63.6 recorded between January 1976 and December 2007.”

“Perhaps the most troubling indicator of the economic hardships facing North Carolina’s households is the surge in the size of the state’s Food Stamp caseload. Between December 2010 and October 2011, the most recent month with data, the number of Tar Heels participating in the program grew by 7 percent, or 108,073 persons.”

“If recent trends hold, North Carolina’s labor market will not grow robustly in 2012. Even if job growth in the private sector accelerates, it is unlikely to pick up enough to put much of a dent in the problems of unemployment and underemployment. Economic hardships therefore should remain pronounced across much of the state. For the long-term unemployed in particular, their odds of returning will continue to fall, yet the tattered state of the nation’s safety net means that little help will be available for such individuals and their families.

Absent significant changes in economic conditions and public policies, weak job growth, high levels of joblessness, and pervasive economic hardships appear to be in store for North Carolina, with 2012 apt to mark the fifth consecutive year of negative or minimal job growth.”

http://www.sbnstrategies.com/archives/9798

Stephanie Cutter, Truth Team, et al, I have a strong background in Math, Computer Science and business, and as Donald Trump said, I went to some really good schools. So, if you have any difficulty with any of the facts presented here, or as we refer to it in NC, Truth, just let me know. I am at your service.

102 Comments

Posted in 1984, Barack Obama, Bill Clinton, Citizen News, Citizens for the truth about Obama, CitizenWells, Election 2012, Employment, George Orwell, Labor Department, Lies, Ministry of Truth, NC, News, North Carolina, Obama, Obama lies, Obama Nation, Orwell, Orwellian, Presidential candidate, The Case Against Barack Obama, Thought Police, Unemployment, US economy, Washington DC, white house

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Real unemployment rate, Obama lies exposed, Labor force decline, 24 million Americans unemployed or underemployed, 5 million Americans fled workforce

Posted on February 12, 2012 | 31 comments

Real unemployment rate, Obama lies exposed, Labor force decline, 24 million Americans unemployed or underemployed, 5 million Americans fled workforce

“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011

“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.”…George Orwell, “1984″

“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″

We have been warning of the Orwellian attempts by the Obama regime to paint a rosier picture of employment in this country for months.

From Citizen Wells December 3, 2011.

“The unemployment rate, derived from a separate survey of households, was forecast to hold at 9 percent. The decrease in the jobless rate reflected a 278,000 gain in employment at the same time 315,000 Americans left the labor force.

“While the rate is certainly a very favorable rate, I would highlight that a lot of it is because people pulled out of the workforce,” Eric Rosengren, president of the Federal Reserve Bank of Boston, said in a speech yesterday.”

“RUSH: I don’t want to be an I told you so, but I told you so, and I told you so five weeks ago.  Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming.  They’ve been blatantly saying so, based on their own unemployment data, which is not related to the Bureau of Labor Statistics reports.  It’s their own surveys; and in the last five weeks, occasionally they will say that their numbers that they come out with on a Wednesday or Thursday indicate that we’re getting very close to a Bureau of Labor Statistics unemployment number of under 9%.  I said, “The regime needs this, and when we finally get to under 9%, it will be eight-point-something, but the point-what won’t matter.  The only number that’s going to matter is the eight.”

“Well, Happy Holidays. They don’t do Merry Christmas in the media.  But we’re back, it’s done, they got the headline: “Unemployment, 8.6%!” Now, the truth of the matter is — and Bloomberg News even points out that the only way — it’s a corrupt number.  It is a corrupt number. Folks, the number of people who have quit looking for work in the last few weeks is 315,000.  Those are the people have thrown up their hands after 99 weeks or more of being unemployed; and they’ve said, “I’m quitting.  I’m not looking.”  So they’re not counted.  Therefore, the universe of jobs available in the country is down by 315,000.  That is the labor force participation rate.  The labor force participation rate is a meager 64%.  It fell to 64% from 64.2%.  So the 0.2% drop equals 315,000 people leaving the workforce.

That means there are 315,000 fewer jobs to have, so the universe of jobs has been steadily shrinking.  What was the number of jobs created?  It’s 120,000 jobs.  It’s 120, 126,000, whatever. That’s in the ballpark.  That number of jobs created can lower unemployment rate 0.4%, almost one half of a percent? Creating 120,000 new jobs can do that?  That alone tells us how small the labor force participation rate is.”

https://citizenwells.wordpress.com/2011/12/03/unemployment-rate-lies-exagerations-obama-lies-315000-americans-left-the-labor-force-worst-jobless-figures-since-great-depression-in-nc/

From Forbes February 9, 2012.

“Don’t Be Fooled, The Obama Unemployment Rate Is 11%”

“When Barack Obama entered office in January, 2009, the labor force participation rate was 65.7%, meaning nearly two-thirds of working age Americans were working or looking for work.

When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%.

In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair.

The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either. They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty. But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week.

If they were counted, the unemployment rate today would be a far more realistic 11%, better reflecting the suffering in the real economy under Obamanomics.

Just last month, while the Bureau of Labor Statistics reported finding 243,000 new jobs, they also reported in the same release that an additional 1.2 million workers had dropped out of the work force altogether, giving up hope under Obama. If labor force participation had remained the same in January, 2012 just as it was the month before in December, 2011, the unemployment rate would have risen to 8.7% in January rather than supposedly declining to 8.3% as reported.”

“At the official end of the recession in June, 2009, America was 12.6 million jobs short of full employment. By January, 2012, we were 15.2 million jobs short, falling behind by another 244,000 in that month alone.

The time has come to begin to raise questions about the precipitous decline in the labor force assumed by BLS. Are the career bureaucrats there partial to President Obama, and favorable towards promoting his political chances for reelection? Or has the Obama Administration placed someone in a leadership slot over at the BLS or the unemployment statistics branch that is imposing this assumed sharp decline? Because of the oddness of this record setting decline, coinciding with President Obama’s ascension to office, these questions bear further investigation.”

“But even with the steep decline in labor force participation, the BLS report for January still shows some horrific numbers more than 4 years after the start of the recession. Besides the 12.8 million unemployed, another 8.2 million were “employed part time for economic reasons.” The BLS explains that “These individuals were working part-time because their hours had been cut back or because they were unable to find a full-time job.”

Another 2.8 million “wanted and were available for work, and had looked for a job sometime in the prior 12 months,” but “were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.”

That makes nearly 24 million Americans unemployed or underemployed. The unemployment rate in January counting them is not 11%, but 15.1% as reported by the BLS, a depression era level of unemployment.

For blacks, the unemployment rate was still 13.6%, even assuming another 350,000 African Americans dropping out of the labor force in January alone. For Hispanics, 650,000 were assumed to drop out of the work force in January alone, but the Hispanic unemployment rate was still in double digits at 10.5%.

For teenagers, the unemployment rate was still 23.2%, even though an additional 400,000 were assumed to have dropped out of the work force in January alone. For black teenagers, the unemployment rate was still nearly 40%.

Media and political discussions of Obama’s economic record suffer from at least two fundamental fallacies. One is that Obama’s record is to be measured by the progress made since the trough of the recession. Since that trough was so bad, of course the period since the trough is going to show some marked improvement. More important is how does that improvement compare to the prior peak before the recession? Have we caught up yet, and then continued to grow beyond that prior peak?”

“When President Obama entered office in January, 2009, the recession was already in its 13th month.  His responsibility was to manage a timely, robust recovery to get America back on track again.  What he gave us instead, with his outdated, throwback, Keynesian economics, is the worst economic recovery since the Great Depression.  A recovery now, way too little, way too late, cannot go back and change that record.  For that record of American suffering and despair, the voters will now hold Obama accountable.”

http://www.forbes.com/sites/peterferrara/2012/02/09/dont-be-fooled-the-obama-unemployment-rate-is-11/

Thanks to commenter Zach.

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Election 2012, Employment, Financial crisis, Government, Jobs, Lies, News, Obama, Obama lies, Obama Nation, Obama records, Orwellian, Presidential candidate, The Case Against Barack Obama, Unemployment, United States, US economy, Washington DC, white house

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NC job growth dismal, Greensboro News Record, February 11, 2012, Guilford County and North Carolina 9.9 percent unemployent, 446000 jobless statewide

Posted on February 11, 2012 | 43 comments

NC job growth dismal, Greensboro News Record, February 11, 2012, Guilford County and North Carolina 9.9 percent unemployent, 446000 jobless statewide

“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.”…George Orwell, “1984″

“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″

Charlotte, NC is hosting the Democrat Convention in NC this year. The North Carolina State Motto is “Esse quam videri”, to be rather than to seem. The
Greensboro News Record presented the article below, once again on the same front page as a UNC University System tuition hike article, just as they did a few
weeks ago. I was pleased to see the News Record reporting on the negative jobs situation in NC but this was not presented by them on the internet, therefore
I was compelled to pick up the slack. I didnt want to “Videri quam esse”, you know, seem rather than be. For some reason the News Record does not make all of their print articles readily available on the internet. They must have a good reason, although I cannot discern it.

More Obama good news.
From the Greensboro News Record February 11, 2012.
“Outlook for job growth muted”

“Guilford County and North Carolina share a dubious distinction. Over the past 12 years, neither has logged any job growth.

Put another way, there were fewer people working statewide and countywide in December 2011 than in December 1999.”

“And the suffering continues.

While the job market showed signs of growth last year, both Guilford and the state ended 2011 with more people unemployed than was the case the previous
December.

In Guilford , nearly 24,500 didn’t have jobs; statewide, the number surpassed 446,000.

And both the county and the state ended the year with jobless rates of 9.9 percent. That’s equal to or higher than the rates a year earlier.”

“At the current rate of growth–adding 8,300 annually–it will take 3.5 years–or until 2016–to regain the positions lost during and after the Great recession.

“Looking ahead, Quinterno said he expects more of the same this year.

“Absent robust job growth, joblessness and associated hardships will remain widespread,” he wrote. “2012 could well be the fifth consecutive year of negative or minimal job growth in North Carolina.”

http://www.news-record.com/

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, democratic convention, Economy, Election 2012, Employment, Jobs, Lies, NC, News, Newspapers, North Carolina, Obama, Obama lies, Obama Nation, Presidential candidate, The Case Against Barack Obama, Unemployment, Washington DC, white house

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