Category Archives: Employment

October Labor Dept jobs lies continue, Jobs vs people employed, 74K fewer white Americans employed in 2015, Hispanics gained 130K employments in October, ADP report show 182K jobs added in Oct, Orwellian lies continue

October Labor Dept jobs lies continue, Jobs vs people employed, 74K fewer white Americans employed in 2015, Hispanics gained 130K employments in October, ADP report show 182K jobs added in Oct, Orwellian lies continue

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

From the US Labor Department November 6, 2015.

“THE EMPLOYMENT SITUATION — OCTOBER 2015

Total nonfarm payroll employment increased by 271,000 in October, and the
unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau
of Labor Statistics reported today. Job gains occurred in professional and
business services, health care, retail trade, food services and drinking
places, and construction.”

“The civilian labor force participation rate was unchanged at 62.4 percent in
October, following a decline of 0.2 percentage point in September. The employment-
population ratio, at 59.3 percent, changed little in October and has shown
little movement over the past year. (See table A-1.)”

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

ADP reported 182,000 jobs added in October.

Who can you trust?

You can trust Citizen Wells to report the facts.

You can also trust your eyes by simply going to the US Labor Department website and looking at the historical tables.

Look at the numbers employed by race for 2015 and for the change from September to October.

These are people employed, not mythical jobs.

You will find:

From January 2015 to October, there were 74,000 fewer white Americans employed.

For one month, there were 130,000 more Hispanics employed

How does this match up with the euphoria already happening in the mainstream media and financial markets.

 

Obamacare nightmare unaffordable, Higher premiums and deductibles, Job losses part time jobs, School closes, MIT economist Jonathan Gruber lack of transparency and stupidity of American voter allowed Obamacare to be passed

Obamacare nightmare unaffordable, Higher premiums and deductibles, Job losses part time jobs, School closes, MIT economist Jonathan Gruber lack of transparency and stupidity of American voter allowed Obamacare to be passed

“If you’ve got health insurance we’re going to work with you to lower your premiums by $2,500 per family per year.”…Barack Obama

“Blue Cross and Blue Shield of New Mexico has requested rate increases averaging 51 percent for its 33,000 members. The proposal elicited tart online comments from consumers.”

““Our enrollees generated 24 percent more claims than we thought they would when we set our 2014 rates,” said Nathan T. Johns, the chief financial officer of Arches Health Plan, which covers about one-fourth of the people who bought insurance through the federal exchange in Utah. As a result, the company said, it collected premiums of $39.7 million and had claims of $56.3 million in 2014. It has requested rate increases averaging 45 percent for 2016.”…NY Times July 3, 2015

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

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

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

 

Obamacare sticker shock.

Well there should have been.

First clues?

The biggest liar ever to occupy the White House was pushing it and the IRS is involved.

For 2016 there will be a penalty up to $ 695 per uninsured household member.

But that may be the good news.

In June of 2015 MIT economist Jonathan Gruber, a paid Obama consultant, explained out Obamacare was passed.

“lack of transparency”
“the stupidity of the American voter”

Obamacare reality shock.

Citizen Wells has been reporting about the rising premiums and impact on jobs from Obama care.

From Citizen Wells August 8, 2015.

“Blue Cross now seeking 34.6% rate hike in NC for ACA plans

Insurer is scrapping June request for 25.7% increase

Blames Affordable Care Act for driving up costs”

https://citizenwells.com/2015/08/08/nc-blue-cross-raises-obamacare-premiums-34-6-percent-obama-lies-healthcare-dies-affordable-care-act-driving-up-costs-replaces-june-request-of-25-7-aca-customers-use-expensive-services-for-chronic/

From Citizen Wells March 10, 2015.

“‘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.”

5.2 million full time employments lost Obama’s first year, Part time jobs created, Job myths lies exposed, Media lies, Whitehouse lies, Obamacare created more full times jobs?…let the drug testing begin, Gallup CEO Jim Clifton right

From Zero Hedge October 26, 2015.

“What was supposed to be affordable remains painfully unaffordable for the lowest rung of the employment pyramid.

Here is the actual math as experienced by both the abovementioned Mr. Sewell of Golden Corral restaurants, and his mostly minimum-wage employees.

He employs 1,800 people at the 26 Golden Corral franchises he owns in six Southern and Midwestern states, and previously offered insurance only to his salaried management staff. In January, when the employer mandate took effect, he made the same insurance plan, with a bigger employer contribution, available to all employees working an average of 30 or more hours a week.

Running the math on his plan — a typical one for the restaurant industry — illustrates why a number of low-wage workers are falling through gaps in the Affordable Care Act.

The annual premium for individual coverage through the Golden Corral Blue Cross Blue Shield plan is $4,800. Mr. Sewell pays 65 percent for service workers, leaving them with a monthly cost of $140.

The health care law defines affordable employer-sponsored insurance as that priced at 9.5 percent or less of an employee’s annual household income for individual coverage. (Because employers do not know how much money their workers’ relatives make, there are several “safe harbors” they can use for compliance, including basing their calculation on only their own employees’ wages.) Mr. Sewell’s insurance meets the test, but $65 per biweekly paycheck is more than most of his workers are willing — or able — to pay for insurance that still carries steep out-of-pocket costs, including a $2,500 deductible.

And this is where Obamacare’s employee mandate fails for a vast majority of US workers.”

Read more:

http://www.zerohedge.com/news/2015-10-26/latest-obamacare-fiasco-most-low-income-workers-cant-afford-affordable-care-act

From the Times Free Press October 14, 2015.

“Tennessee county closes schools, cites Obamacare as reason

Classes in a small, financially struggling school district in northern Tennessee have been canceled until officials can find a way to generate more revenue.

Clay County Director of Schools Jerry Strong said the school board made the decision Thursday night after struggling with budget concerns for three years. He said the district doesn’t have enough money to pay for partially unfunded government mandates.

“Clay County’s inability to generate the revenue to offset the mandates is what’s caused this to come to a head,” he said. “The straw that broke the camel’s back was really the Affordable Care Act for us and it has made it very difficult for us to have our employees properly covered and meet the mandates of the law.”

Read more:

http://www.timesfreepress.com/news/local/story/2015/oct/14/tennessee-county-closes-schools-cites-obamacare-reason/330504/

From the Washington Post July 3, 2014.

“We are seeing more part-time jobs because employers can’t afford to pay the Obamacare premiums for employees who work more than 30 hours a week. How many Americans will leave the workforce for good? How much lower will the labor force participation rate drop? In other words, how much more dependency will the Obama presidency create?”

Read more:

http://www.washingtonpost.com/blogs/post-partisan/wp/2014/07/03/the-insiders-this-months-jobs-headlines-dont-tell-the-true-story/

From Zero Hedge June 26, 2015.

“America’s Obamacare Nightmare Is Just Beginning”

“So, the debate will intensify over the primary issue: costs. In every state, the fundamental components of state health-care costs—the demographics, the underlying costs of care delivery and the competitiveness of the markets—are juiced up by expensive federal benefit mandates and individual and group insurance rules and regulations. These all drive costs skyward. As my Heritage colleagues have demonstrated, this regulatory regime forces young people to pay up to 44 percent more in premiums. Washington’s subsidies simply try to hide the true costs of the law; they don’t control them.

The law remains unworkable. The complicated insurance subsidy program itself has been a mess. H&R Block reported that about two thirds of subsidy recipients had to repay money back to the government because they got bigger than allowable subsidies. With the individual mandate, the administration has been granting lots of exemptions to insulate most of the uninsured from any penalty. That’s rather predictable; after all, even candidate Barack Obama argued that an individual mandate was unfair and unenforceable.

As for the employer mandate—another fractured cornerstone of Obamacare—the administration has delayed it for one year. Even liberal supporters now want to repeal it, fearing damage to the labor markets.

And what about those big “savings” from the Medicare payment reductions? They were earmarked to help cover the costs of the insurance subsidies. Yet the Medicare Actuary and the CBO have both routinely dismissed the massive Medicare payment cuts as either unrealistic or unsustainable.”

Read more:

http://www.zerohedge.com/news/2015-06-26/guest-post-americas-obamacare-nightmare-just-beginning

If I were the new president, the first thing I would do is immediately disconnect the IRS from our healthcare system and then begin methodically to dismantle Obamacare concurrently with providing basic healthcare services for lower income Americans.

Of course not requiring employers to provide health care combined with a real job creating environment would go a long way to fixing our jobs and economy crisis.

 

 

 

 

 

US economic depression worse than Great Depression, Rush Limbaugh Zero Hedge Citizen Wells warnings, Millenials and most Americans unaware, Economy propped up by national debt which has reached critical mass, More native born Americans not working

US economic depression worse than Great Depression, Rush Limbaugh Zero Hedge Citizen Wells warnings, Millenials and most Americans unaware, Economy propped up by national debt which has reached critical mass, More native born Americans not working

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“U.S. food banks are expected to give away about 4 billion pounds of food this year, more than double the amount provided a decade ago, according to Feeding America, the nation’s primary food bank network. The group gave away 3.8 billion in 2013.
While reliance on food banks exploded when the economy tanked in 2008, groups said demand continues to rise year after year, leaving them scrambling to find more food.”…Associated Press August 13, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

We are in an economic depression worse than the Great Depression.

The Orwellian White House arm of Big Brother, mainstream media, has been bombarding you with the “good news” that the recession ended in 2009.

Does 2,812,000 fewer white Americans employed in 2009, the first year Obama was in office, sound like a recession end to you?

Does 267,000 fewer white Americans employed in 2015 so far sound like a booming economy?

Like the Great Depression we have record numbers not in the labor force.

We have record numbers receiving government assistance and food banks scrambling to feed the hungry.

Unlike the Great Depression, most Americans are unaware of the severity of our economic emergency.

Why?

There are 2 primary reasons.

Government spending that has created a national debt reaching critical mass, i.e. a level that cannot be lowered due to high interest service.

Of course the Orwellian media and White House press.

From Rush Limbaugh October 14, 2015.

“Millennials Are Coming of Age in a Depression — They Just Don’t Know It

RUSH: I mentioned to you last week that I had a story about how what we are living through right now is actually worse than the Great Depression and why nobody knows.”

“Jim Quinn, The Burning Platform blog. We find everything here, folks. “Why This Feels Like a Depression for Most People.” You read this, and you can figure out why the Millennials are weird or strange or feel that way, because they have come of age in a depression that nobody will call that. Now, none of this in this story is new to those of you who have been regularly listening to this program. But it is well thought out and presented here. I found at the Zero Hedge blog.

“Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression.” Wait. Should we make that assumption? Do you think everybody has seen those pictures? You have, so you think everybody else has. Yeah, I’ve seen ’em. You know those old black-and-whites with men standing in soup lines with hardly any clothes, and it’s freezing cold. All these black and white still shots. Some film. You’ve seen it, right?

“Everyone has seen the pictures of … the Great Depression. When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you’ve lost your mind. They will immediately bluster about the 5.1% unemployment rate…” A depression? What are you talking about! See the unemployment rate? It’s 5.1%.

They’ll tell you about “record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts” involved. “The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is” why? Let me just ask you, and let me give you a number. Do you know what the number…? At the peak of the Depression, at the height, do you know what the number of unemployed were?

Now, granted, the population of the country was less than it is today. There were 12.8 million Americans unemployed during the Great Depression. These were the men pictured in those soup lines. Today, there are 46 million Americans unemployed, and 94 million not working. Now, these 46 million people, these are the counted unemployed. This is the U-3 number. The counted unemployed represent 14% of the population. There are 23 million households on food stamps. There are 123 million households in America and 23 million of them are on food stamps. Therefore 19% of all households in America require food stamp assistance to survive.

In 1933, there were approximately 126 million Americans living in 30 million households. The government did not keep official unemployment records ’til 1940, but the Department of Labor estimated 12.8 million people were unemployed during the worst year of the Depression, or 24.9% of the labor force. We have the lowest labor force participation rate since 1977 in the country today. Sixty-two percent of the labor force is working; 38% not working. I’m gonna stop with the numbers ’cause numbers get confusing to keep track of when you’re hearing them and you don’t have them in front of you to look at. But why do you not see any soup lines?

What’s the difference between 1933 and today? Well, obviously, 1933, there were no food stamps. In 1933 there was no welfare. In 1933 there were no welfare debit cards. In 1933, if you were out of work, you didn’t eat. You had to stand in the soup line and depend on charity. In 2015, you can be among the 94 million not working and have a roof over your head, have a cell phone, a car, your home is probably air-conditioned, and you’re eating as much as you want.”

Read more:

Millennials Are Coming of Age in a Depression — They Just Don’t Know It

Why do I believe this depression is worse?

  • Again, may Americans are unaware of how bad the economy is.
  • We can’t keep spending to keep Americans and immigrants out of the work force.
  • There are more people living in cities with few survival skills such as growing food.
  • “We are being lied to on a scale unimaginable by George Orwell.”
  • We are one crisis away from collapse. Example: rapid rise in oil prices.
  • Obamacare will continue to destroy jobs, our health care system and business creation.

“But actually, he thought as he re-adjusted the Ministry of Plenty’s figures, it was not even forgery. It was merely the substitution of one piece of nonsense for another. Most of the material that you were dealing with had no connexion with anything in the real world, not even the kind of connexion that is contained in a direct lie. Statistics were just as much a fantasy in their original version as in their rectified version. A great deal of the time you were expected to make them up out of your head. For example, the Ministry of Plenty’s forecast had estimated the output of boots for the quarter at one-hundred-and-forty-five million pairs. The actual output was given as sixty-two millions. Winston, however, in rewriting the forecast, marked the figure down to fifty-seven millions, so as to allow for the usual claim that the quota had been overfulfilled. In any case, sixty-two millions was no nearer the truth than fifty-seven millions, or than one-hundred-and-forty-five millions. Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot. And so it was with every class of recorded fact, great or small. Everything faded away into a shadow-world in which, finally, even the date of the year had become uncertain.”…George Orwell “1984″

 

 

US depression is real, Orwellian media fools most Americans, White and native born Americans losing jobs to immigrants, Big brother of “1984” painted rosy economic picture just as Obama White House does

US depression is real, Orwellian media fools most Americans, White and native born Americans losing jobs to immigrants, Big brother of “1984” painted rosy economic picture just as Obama White House does

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“U.S. food banks are expected to give away about 4 billion pounds of food this year, more than double the amount provided a decade ago, according to Feeding America, the nation’s primary food bank network. The group gave away 3.8 billion in 2013.
While reliance on food banks exploded when the economy tanked in 2008, groups said demand continues to rise year after year, leaving them scrambling to find more food.”…Associated Press August 13, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

Citizen Wells has been warning you for many months that we have been in a recession and are rapidly entering a depression.

Don’t be fooled by the Orwellian media and White House blaming China for our current economic woes. They are just as, if not more, dependent on our economy as we are on theirs.

Don’t be fooled by comments that illegal immigrants are not taking jobs from native born Americans.

White and native born employment is down in 2015 and has been decimated under Obama.

Thanks to Zero Hedge for the following article dated October 8, 2015.

“Why This Feels Like A Depression For Most People”

“Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression.When you try to tell a propaganda believing, willfully ignorant, mainstream media watching, math challenged consumer we are in the midst of a Greater Depression, they act as if you’ve lost your mind. They will immediately bluster about the 5.1% unemployment rate, record corporate profits, and stock market near all-time highs. The cognitive dissonance of these people is only exceeded by their inability to understand basic mathematical concepts.

The reason you don’t see huge lines of people waiting in soup lines during this Greater Depression is because the government has figured out how to disguise suffering through modern technology. During the height of the Great Depression in 1933, there were 12.8 million Americans unemployed. These were the men pictured in the soup lines. Today, there are 46 million Americans in an electronic soup kitchen line, as their food is distributed through EBT cards (with that angel of mercy JP Morgan reaping billions in profits by processing the transactions).

These 46 million people represent 14% of the U.S. population. There are 23 million households on food stamps in a nation of 123 million households. Therefore, 19% of all households in the U.S. are so poor, they require food assistance to survive. In 1933 there were approximately 126 million Americans living in 30 million households. The government didn’t keep official unemployment records until 1940, but the Department of Labor estimated 12.8 million people were unemployed during the worst year of the Great Depression or 24.9% of the labor force. By 1937 it had fallen to 14.3% or approximately 8 million people.

The number of people unemployed during the 1930’s is an excellent representation of the number of households on government assistance during the Great Depression because 79% of all households were occupied by married couples with 4 people per household versus 48% married couple households today with 2.5 people per household. The unemployment rate averaged 19% during the heart of the Great Depression. Therefore, approximately 19% of all the households in the U.S. needed government assistance to feed themselves. That happens to be the exact percentage of households currently needing food stamps to feed themselves.

We are now supposedly five years into an economic recovery. The unemployment rate, according to the government, has fallen from 10% to 5.1%. Maybe a comparison to the the Great Depression in 1937, five years after the worst of it, would reveal some truth. It is not easy to do an apples to apples comparison because very few women worked outside the home in 1937 and the average life expectancy in the 1930s was 60 years old. Today, the majority of women are theoretically in the work force and the average life expectancy is 78 years old. In 1937 only 5% of the population was over 65 years old versus 13% today.

There were approximately 55 million Americans in the labor force in 1937, according to the DOL, and approximately 47 million of them were employed. So 85% of the eligible work force was working. There was no BLS to massage, manipulate, seasonally adjust, or fake the data to make things appear better than they were in 1937. Edward Bernay’s Propaganda techniques and methodologies weren’t perfected for a few more years. According to Census information there were 52 million Americans between the ages of 18 and 44, along with another 21 million between the ages of 45 and 64 in 1937. So even considering that very few women worked and many people died by the age of 60, we had a workforce of 55 million out of an age eligible population of 73 million at a maximum. That yields a participation rate of 75%.

These facts reveal the utter falsity of the propaganda drenched duplicitous data dumped by the BLS on behalf of vested interests who have captured our government and have an agenda requiring the public to be kept in the dark regarding their own dire financial situation. No matter how you slice the data, it reveals an absolute parallel to the situation during the Great Depression. There are 251 million Americans of working age and only 149 million are employed, of which 20 million are part-time and 8 million are self employed. Only 59% of working age Americans actually work. The BLS has the cajones to declare that only 157 million of the 251 million working age Americans are actually in the labor force.

This outrageous assumption flies in the face of all reasonableness, facts, and truth. In 1937, even with women not working outside the home and very few people living past 65 years old, the participation rate was 75%. Today, with the majority of women capable and willing to work and older Americans working well into their 60s, the BLS actually expects a critical thinking person to believe the participation rate is only 62.4%, the lowest since 1977. It’s a pure and simple despicable lie. The true participation rate should exceed the rate in 1937, based on the facts. Using the 75% participation rate today, yields a true unemployment rate of 21%, not the preposterous 5.1% shoveled by the bullshit artists at the BLS. The 21% rate ties very closely to the figure arrived at by John Williams at Shadowstats. An unbiased assessment of the facts reveals unemployment numbers and people on government assistance numbers that match or exceed those of the Great Depression.”

Read more:

http://www.zerohedge.com/news/2015-10-08/why-feels-depression-most-people

“But actually, he thought as he re-adjusted the Ministry of Plenty’s figures, it was not even forgery. It was merely the substitution of one piece of nonsense for another. Most of the material that you were dealing with had no connexion with anything in the real world, not even the kind of connexion that is contained in a direct lie. Statistics were just as much a fantasy in their original version as in their rectified version. A great deal of the time you were expected to make them up out of your head. For example, the Ministry of Plenty’s forecast had estimated the output of boots for the quarter at one-hundred-and-forty-five million pairs. The actual output was given as sixty-two millions. Winston, however, in rewriting the forecast, marked the figure down to fifty-seven millions, so as to allow for the usual claim that the quota had been overfulfilled. In any case, sixty-two millions was no nearer the truth than fifty-seven millions, or than one-hundred-and-forty-five millions. Very likely no boots had been produced at all. Likelier still, nobody knew how many had been produced, much less cared. All one knew was that every quarter astronomical numbers of boots were produced on paper, while perhaps half the population of Oceania went barefoot. And so it was with every class of recorded fact, great or small. Everything faded away into a shadow-world in which, finally, even the date of the year had become uncertain.”…George Orwell “1984″

US companies slashing jobs and buying back stock further impacting consumerism, Citizen Wells warning of white employment decimation, Most jobs created under Obama part time and low paying, Immigrants rewarded at native born and economy expense

US companies slashing jobs and buying back stock further impacting consumerism, Citizen Wells warning of white employment decimation, Most jobs created under Obama part time and low paying, Immigrants rewarded at native born and economy expense

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Anybody listening, watching?

Citizen Wells has been warning you for many months about the decimation of white American, native born, jobs under Obama.

We have been constantly bombarded, in Orwellian, “1984” fashion about all the jobs created and strengthening economy.

Even the mainstream media cannot prop up the latest numbers.

And now we have another problem that cannot be ignored. And it will become a self fulfilling prophecy. Further affecting consumer spending.

Companies slashing employees and buying by stock.

From Market Watch October 2, 2015.

“Companies are cutting jobs and buying back stock at the same time

How would you feel if the company that just laid you off said it was spending millions of dollars, or even billions, to buy back its stock?

At least you wouldn’t feel lonely.

U.S. companies announced 205,759 job cuts during the third quarter, the most since the third quarter of 2009, just after the Great Recession, according to data provided by outplacement company Challenger, Gray & Christmas Inc. In September, the number of announced job cuts was nearly double what it was at the same time last year.

On Friday, the Labor Department released a stinker of a September jobs report.

At the same time, share repurchases announced by U.S. companies during the third quarter remains around the highest levels in at least the last decade, according to data provider Dealogic Ltd. In September, companies authorized buybacks totaling $243.4 billion, more than seven times the amount announced in the same month a year ago, Dealogic said.

One might think these corporate actions are mutually exclusive, but as the chart above shows, many companies are doing both. In fact, some companies have even announced job cuts and share buybacks in the same news release.”

“Industry expects said that often times, money used for stock buybacks comes from retained earnings—saved from the past—while layoffs reflect concerns about the future outlook for growth. When times are tough, however, it’s a different story.

“Whenever a company is laying off employees, something is not going the way it wanted it to,” said Dr. Michael McDonald, a professor at Fairfield University’s Dolan School of Business, in a phone interview with MarketWatch.

When a company is buying back stock and laying people off as its share price is falling, it could be viewed as “defensive” move, he said.”

Read more:

http://www.marketwatch.com/story/companies-are-cutting-jobs-and-buying-back-stock-at-the-same-time-2015-10-02

From Rush Limbaugh October 2, 2015.

“There Is No Economic Recovery

RUSH: There’s also economic news out today on the jobs market. Once again, I predicted this. No surprise here. There is no economic recovery, zip, zero, nada, and there has not been for seven years. And Wall Street is practically now admitting it, and the Federal Reserve, by saying, “Well, I guess we can cease all this talk about raising interest rates.” There have been a lot of people seemingly waiting for interest rates to be raised by the Fed, because that would mean, wow, the economy is really exploding. Except it isn’t, it hasn’t even been close. We’re now over 94 million Americans not working. The labor force participation rate is nearing an all-time low in this country.”

“Now the economic news, finally. You know, for the past three or four years we’ve had to put up with a lying, stinking media, ignoring repeated bad news on the economy — be it wages or hours worked or full-time employment, unemployment, jobs in general, or whatever — and then on the rare occasion where a month would feature some in-and-of-itself good news, then that would be reported and built up into massive, great, year-round news that’s happening.

“The economy’s finally rebounded! The recovery is taking place! Job creation’s ongoing!” It was all lies. This economy… From Obama’s first year in office — when he first did the stimulus, the Porkulus bill — there has not been economic expansion, and more and more people have been leaving the workforce. People’s hours have been converted from full time to part time so that employers comply with Obamacare.”

“It was the lie.

It’s the creation of an illusion because people realize that perception is reality, and if you report enough to create a perception there’s a robust economy happening out there and a robust recovery, even people not experiencing it will believe it because, well, they see it on TV. So when the Fed says, “Well, I guess we can’t raise interest rates,” what that means is that there is no economic activity. Now, the jobs numbers this month are like 60,000 below analysts’, experts’ expectations or whatever.

But the fact of the matter is that month to month it’s been a game of the media working with jaundiced numbers provided by the government. The overall truth is there hasn’t been any economic recovery. The evidence is everywhere. Millennials can’t find jobs, Millennials, college graduates, can’t find careers. More and more people are living at home. The job market’s being flooded with illegal immigrants, which is depressing wages. I mean, there’s not one decent economic sign out there.”

Read more:

http://www.rushlimbaugh.com/daily/2015/10/02/there_is_no_economic_recovery

From Citizen Wells October 2, 2015.

“Citizen Wells has been warning you for many months.

The employment situation, despite the best efforts of the White House and mainstream to lie to you, is bad and getting worse.

White Americans, who still compose approx. two thirds of the working age population, have been decimated in employment under Obama.

White employment fell 135,000 in September.

White employment fell 267,000 since January.

The labor force participation rate fell to 62.4 percent the lowest since 1977.

A record 94.6 million Americans are not in the labor force.

A meager 142,000 “jobs” were created in September.

August “jobs” were revised downward 37,000 to 136,000.

We are closer to being in a depression that the recession we have been in.”

White employment down 267K in 2015, 142K “jobs” added, Participation rate plummets to Oct 1977 level, Americans not in labor force at record 94.6 million, August jobs revised down 37K to 136K

From Zero Hedge October 2, 2015.

“The US Has Added Three Times More Foreign-Born Workers Than Native-Born Since December 2007

If you thought the headline jobs print was bad, wait till you see this.

While we will show the quality of the jobs shortly (you guessed it: waiters and bartenders jumped, manufacturing workers tumbled), with the presidential elections, in which immigration has become the key topic coming up, a far more relevant issue is the spread between “native-born” workers (as defined by the BLS), and “foreign-born.” Expect the September data to provide much fodder for the upcoming republican and democratic debates.

But before we show what happened, here is a quick glance at the breakdown between full and part-time jobs in September. According to the BLS, 53,000 part-time jobs were added in September. The offset: a drop of 185,000 full-time jobs. Welcome, once again, to the part-time recovery we first profiled in December 2010.”

Read more:

http://www.zerohedge.com/news/2015-10-02/native-born-american-jobs-plunge-foreign-born-workers-rise-part-time-workers-surge

 

 

 

 

 

White employment down 267K in 2015, 142K “jobs” added, Participation rate plummets to Oct 1977 level, Americans not in labor force at record 94.6 million, August jobs revised down 37K to 136K

White employment down 267K in 2015, 142K “jobs” added, Participation rate plummets to Oct 1977 level, Americans not in labor force at record 94.6 million, August jobs revised down 37K to 136K

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

 

Citizen Wells has been warning you for many months.

The employment situation, despite the best efforts of the White House and mainstream to lie to you, is bad and getting worse.

White Americans, who still compose approx. two thirds of the working age population, have been decimated in employment under Obama.

White employment fell 135,000 in September.

White employment fell 267,000 since January.

The labor force participation rate fell to 62.4 percent the lowest since 1977.

A record 94.6 million Americans are not in the labor force.

A meager 142,000 “jobs” were created in September.

August “jobs” were revised downward 37,000 to 136,000.

We are closer to being in a depression that the recession we have been in.

 

October 2, 2015 September jobs report White House and damned media still lying to you, The reason main street first and now Wall Street are collapsing, People employed not mythical jobs is the real news, White Americans decimated under Obama

October 2, 2015 September jobs report White House and damned media still lying to you, The reason main street first and now Wall Street are collapsing, People employed not mythical jobs is the real news, White Americans decimated under Obama

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

The US Labor Department will come out with the September “jobs” report this morning. Once again the mainstream media including Fox and even Zero Hedge will blindly follow the cues about the mythical jobs that were created last month.

We know that most of the jobs created under Obama are part time, low paying jobs and this correlates well with the growth in Hispanic employment which correlates with the influx of illegal immigrants.

Why did no one, aside from Citizen Well,s report the over 130,000 drop in white employment in the first 6 months of 2015 and the decimation of white employment since Obama took office?

I got this data from the US Labor Dept.

People employed by ethnicity. Not mythical jobs.

There has been much written here about this. Search on employment to read more.

From Citizen Wells September 4, 2015.

““Total nonfarm payroll employment increased by 173,000 in August, and the
unemployment rate edged down to 5.1 percent, the U.S. Bureau of Labor Statistics reported today.”

There was an increase in 23,000 white American employment in August.
However, white employment is down 132,000 since January!!!

***

***  Update 9:10 AM  ***

Almost 1.5 million more white Americans dropped out of labor force since Jan.

White employment to population ratio down .3 percent since Jan.

White labor force participation rate down .6 percent since Jan.

***

Regardless of the unemployment rate and jobs data provided by the US Labor Department this morning, September 4, 2015, the real employment situation can also be found in their data.

White employment.

WhiteEmployment

Hispanic employment.

HispanicEmployment

I found this article by Business Insider from February 10, 2011.

“No One Looking At This Chart Could Possibly Call It A Recovery”

“Currently the problem in the US jobs market mainly lies with, what I call, the maintenance rate. This is the minimum monthly job creation rate that our enormous system–our economy and government with its revenues and liabilities–must have in order to maintain itself as population grows. Getting lost in the weeds, therefore, of monthly unemployment rates is a waste of time. After having lost 8+ million jobs from the top of the last expansion, nitpicking one’s way through the additions, revisions, and changes to the presumed size of the work force misses the point. And that’s this: any month in which the US does not create at least 125,000 jobs, from a systemic point of view, is negative. It’s less than zero.”

“Now you know why annual government budgets have blown out into the the trillions: the economic flows normally provided by a functioning economy are now provided through unemployment checks, food stamps, FDR style spending and other distributions. In short, the “economy” cannot be experiencing a recovery when, after 10 years of population growth and growth in future liabilities, the number of people employed is hovering around levels last seen in 2002-2004. Whether you chose to look at just Non-Farm Employment, or Total Employment, the US Labor Market is essentially flat-lining since a deep trough was reached in late 2009, early 2010.

Those who would make sweeping claims about a recovery in the entire economy should place these two charts shown here in their printed columns, along with the fact that the US population has grown by over 25 million people since the year 2000.”

Read more:

http://www.businessinsider.com/when-recoverys-just-a-word-2011-2

The referenced study from above was retrieved from the WayBack Machine.

Why was it scrubbed?

From the Brookings Institute February 4, 2011.

“The traditional unemployment rate does not fully capture the extent of labor underutilization in our economy. In addition to the 14 million Americans who are officially counted as unemployed (the jobless who are still actively looking for work), there are over 11 million Americans who either want to work but have given up looking, or who are underemployed in the sense that they are working part time because full-time work is unavailable. These additional workers are less visible but are undoubtedly victims of the recent recession.”

“The Hamilton Project explores the monthly “job gap” based on the employment numbers—or the number of jobs the economy needs in order to return to return to pre-recession employment levels while absorbing the 125,000 people who enter the labor force each month.

The annual revision to the historical payroll numbers released with the January report paint an even starker picture for the job gap this month, increasing it to 12.4 million jobs.

The chart below shows the evolution of the job gap since the start of the Great Recession in December 2007. The thick line in the chart below shows the net number of jobs lost since the Great Recession began.

The broken lines display the date by which the jobs gap would be closed under alternative assumptions about the rate of job creation going forward. If the economy adds about 208,000 jobs per month, the average monthly rate for the best year of job creation in the 2000s, then it will take until July 2023 to close the job gap. At a more optimistic rate of 321,000 jobs per month, the average monthly rate for the best year of the 1990s, the economy will reach pre-recession employment levels by May 2016. ”

https://web.archive.org/web/20110209104602/http://www.brookings.edu/opinions/2011/0204_jobs_greenstone_looney.aspx

From Zero Hedge September 2, 2015.

“Exposing The Lie Behind The “Strong Jobs Recovery” In One Chart”

“With all eyes glued to Friday’s payrolls report, we thought it worth reiterating some ‘facts’ about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers.

Indeed, the stagnation in nominal wage growth is consistent with the weakness in the employment/population (E/P) ratio. That said, even the E/P ratio may be overstating the health of the jobs market.

After dropping to three-decade lows in the wake of the Great Recession, the E/P ratio, has barely improved since the fall of 2013, reversing only about one-fifth of its decline from its pre-recession highs.””

US Labor Dept. employment charts reveal no jobs recovery for native born Americans, September 4, 2015, Low wage part time jobs going to immigrants, Business Insider warning from 2011, Economic flows provided through unemployment checks food stamps FDR style spending

 

9.4 million more Americans below poverty line since economic crisis, 132K fewer white Americans employed in 2015, This is recovery?, White labor force participation rate down .6 percent since Jan, More job lies coming Friday, “1984”

9.4 million more Americans below poverty line since economic crisis, 132K fewer white Americans employed in 2015, This is recovery?, White labor force participation rate down .6 percent since Jan, More job lies coming Friday, “1984”

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Citizen Wells began warning you in 2008 that we were entering the age of Big Brother and “1984.”

The jobs report will come out this Friday and it is assured that it will contain more Orwellian reports of job gains.

Citizen Wells has been reporting on the more realistic number, the number of people employed and how it has fluctuated since Obama took office in January 2009. Especially the number of white Americans employed. You know, what was approx. two thirds of the US population.

You are aware from the reports here that the employment situation is horrible.

You also have awareness from paying attention and observing the impact on your family and those around you.

I know that I have.

The food banks that see record numbers of recipients and are constantly seeking more food.

The people who cannot find work or are working multiple part time jobs.

The record number of young people living with family members,

From Zero Hedge September 27, 2015.

“What Recovery? 9.4 Million More Americans Below Poverty Line Than Pre-Crisis

According to Janet Yellen, we are still on pace to raise rates in 2015. While the rate hike was supposed to happen this month, it got derailed by the August market selloff, volatility in China, lackluster work force numbers, and a variety of other factors.

Despite the Fed continuing to kick this down the road, they continue to claim that we are in the middle of an ongoing recovery. There’s just one problem with that: things are getting worse than pre-crisis levels for millions of the poorest Americans.”

“It’s true that the wealthiest 10% of Americans have finally seen their household incomes rise above the levels last seen in 2007. It’s also true that median incomes have “recovered” from the worst of the 2008 disaster. Median earners were -8.1% worse off in 2011, and now they are only -6.5% worse off according to most recent data for 2014 released by the U.S. Census Bureau last week.

However, when we look at the lowest 10% of income earners, the situation is much more precarious. In 2011, the bottom 10% of households were -9.0% worse off in terms of income than they were pre-crisis. Since then, it hasn’t gotten any better: they now are making -11.6% less income than they were in 2007.

Possibly even more concerning is the fact that the amount of Americans living below the poverty line has soared since 2007. There are now 9.4 million more people that can claim to be a part of this unfortunate group, and the total contingent living below the poverty line now makes up 14.8% of all Americans. This is also an increase from the 12.5% figure from before the Great Recession.”

Read more:

http://www.zerohedge.com/news/2015-09-27/what-recovery-94-million-more-americans-below-poverty-line-pre-crisis

From Citizen Wells September 4, 2015.

“There was an increase in 23,000 white American employment in August.
However, white employment is down 132,000 since January!!!

***

***  Update 9:10 AM  ***

Almost 1.5 million more white Americans dropped out of labor force since Jan.

White employment to population ratio down .3 percent since Jan.

White labor force participation rate down .6 percent since Jan.

***

Regardless of the unemployment rate and jobs data provided by the US Labor Department this morning, September 4, 2015, the real employment situation can also be found in their data.

White employment.

WhiteEmployment

Hispanic employment.

HispanicEmployment

I found this article by Business Insider from February 10, 2011.

“No One Looking At This Chart Could Possibly Call It A Recovery””

Read more:

US Labor Dept. employment charts reveal no jobs recovery for native born Americans, September 4, 2015, Low wage part time jobs going to immigrants, Business Insider warning from 2011, Economic flows provided through unemployment checks food stamps FDR style spending

 

 

Jan Hatzius Goldman “Fed Should Think About Easing”, Recent events have largely sealed the case against a rate hike next week, We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions

Jan Hatzius Goldman “Fed Should Think About Easing”, Recent events have largely sealed the case against a rate hike next week, We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton 

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

Several months ago when I engaged in an email debate with Jan Hatzius of Goldman regarding the employment situation and impact of baby boomers, I came to the conclusion that he and other economists were too entrenched in the theoretical realm of economies to see the reality of the economy and employment in the US.

Are Jan Hatzius and Goldman finally facing a reality check on the real condition of the economy?

From Zero Hedge September 12, 2015.

“Is Yellen About To Shock Everyone: Goldman Says The “Fed Should Think About Easing””

“What a difference a little over a year makes.

Back in January 2014, just after the Fed announced the tapering of QE (because, you know, the “date-dependent” Fed would never be tapering if the economy wasn’t improving, right?) the propaganda machine went into overdrive, with Wall Street’s pet economist, not to mention the NY Fed’s key “outside advisor”, Goldman Jan Hatzius preaching that the long awaited recovery had finally arrived.

This is how the tabloid pseudo-finance website Business Insider characterized his call at the time: “Goldman’s top economist, Jan Hatzius, just said the words we’ve been wanting to hear for five years. He believes the economy is now growing at an above-trend pace.””

“For what it was worth, we disagreed with Hatzius, noting that this would simply be the second time in five years Goldman has jumped the “recovery” shark after its dramatic reversal in December 2010 when as QE 2 was ending, Goldman once again sought to boost wholesale confidence by going fundamentally bullish and saying “This outlook represents a fundamental shift in the thinking that has
governed our forecast for at least the last five years.”

Fast forward a little over a year when we learn that Goldman was once again wrong (for what it’s worth, naturally Business Insider was too).

First it was in April of 2015 – some 16 months after his “bold” prediction – that the same “above trend growth”-forecasting Hatzius said we “do not have much confidence in the inflation outlook and believe that the right policy would be to put hikes on hold for now.”

But… what happened to above trend growth?

Then in the first week of June, Hatzius once again hedged saying “Our forecast remains that the Fed policy committee will hike rates at the September meeting, but …this remains a close call. There is a strong risk management case for delaying liftoff.” In other words, the market determines Fed policy, not the economy, despite the reflexive lies to the opposite.

Then just two weeks later, on June 18, Hatzius having long given up on his “above trend growth” forecast changed his tune again, and now said he expected a December rate hike instead.

“In large part this reflects the fact that seven FOMC participants are now projecting zero or one rate hike this year, a group that we believe includes Fed Chair Janet Yellen…. We had viewed a clear signal for a September hike at the June meeting as close to a necessary condition for the FOMC to actually hike in September, because we did not believe that the FOMC would want to surprise markets on the hawkish side when they raise the funds rate.”

Of course, if the economy had grown at an “above trend pace” since his January 2014 call, the Fed would have to be at 1% or higher by now.

Just to make sure nobody is surprised next week when Yellen does not hike and unleashes a massive relief rally, Hatzius added that a September rate hike announcement this Thursday “shouldn’t be close”, and as we showed previously, unveiled 7 reasons why. Amazing how Goldman’s narrative changes with every month.

And then, the humiliation was complete last night when the same Jan Hatzius, having long-forgotten his January 2014 prediction, in a note previewing the US economy in “September and Beyond” had this to say:

In our view, the recent events have largely sealed the case against a rate hike next week. Fed officials have made clear that “data dependent” policy refers to incoming economic news as well as factors that could impinge on the outlook—including changes in financial conditions…. The news on wage and price inflation, however, has been softer than generally expected a few months ago…. most of the inflation shortfall relative to the Fed’s 2% target is due to more persistent factors, including continued labor market slack.

We expect modest downward revisions to GDP growth in 2016 and 2017 in light of tighter financial conditions.
Hm… maybe Jan meant below-trend growth?

And here we get to the punchline, because Goldman which originally expected a September rate hike, then pushed it to December in June, is now fairly confident that there may not be a 2015 rate hike at all!”

Read more:

http://www.zerohedge.com/news/2015-09-12/yellen-about-shock-everyone-goldman-says-fed-should-think-about-easing

As reported at Citizen Wells September 4, 2015, white employment is down 132,000 since January 2015.

US Labor Dept. employment charts reveal no jobs recovery for native born Americans, September 4, 2015, Low wage part time jobs going to immigrants, Business Insider warning from 2011, Economic flows provided through unemployment checks food stamps FDR style spending

White House aka big brother August 2015 employment situation report vs reality (truth), 13.1 million jobs added over 66 straight months??, Obama et al have exceeded lies of “1984”, White American employment up 1.14 million under Obama, Hispanics gained most

White House aka big brother August 2015 employment situation report vs reality (truth), 13.1 million jobs added over 66 straight months??, Obama et al have exceeded lies of “1984”, White American employment up 1.14 million under Obama, Hispanics gained most

“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015

“All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.”…Washington Examiner August 7, 2015

“We are being lied to on a scale unimaginable by George Orwell.”…Citizen Wells

 

 

George Orwell conjured up government lies emanating from Big Brother and the Ministry of Plenty in “1984” but his imagination could not touch the lies and mechanisms for spreading them employed by the Obama Administration and their lackeys the mainstream media.

From WhiteHouse.gov September 4, 2015. (have your barf bags handy)

“The Employment Situation in August

Summary: In August, the economy added 140,000 jobs, extending the longest streak of private sector job growth on record.

Our economy has now added 8.0 million jobs over the past three years, a pace that has not been exceeded since 2000. And while the economy added jobs at a somewhat slower pace in August than in recent months, the unemployment rate fell to 5.1 percent—its lowest level since April 2008—and the labor force participation rate remained stable. Our businesses have now added 13.1 million jobs over 66 straight months, extending the longest streak on record. In addition, hourly earnings for American workers continued to rise. But there’s more work to do to ensure that America’s domestic momentum can continue to offset some of the headwinds from the global economy. That starts with avoiding self-inflicted wounds: Congress needs to pass a budget that reverses the sequester and avoids shutting down the government. But it’s also why the President is committed to pushing Congress to increase investments in infrastructure as part of a long-term transportation reauthorization, open new markets with expanded trade, and raise the minimum wage.”

1. The private sector has added 13.1 million jobs over 66 straight months of job growth, extending the longest streak on record. Today we learned that private-sector employment rose by 140,000 in August, below the recent pace. Despite the monthly volatility in employment growth, long-term trends remain strong. The unemployment rate declined to 5.1 percent, its lowest level since early 2008, while the labor force participation rate remained stable. Wages continued to rise, with average hourly earnings for all private-sector workers up 2.2 percent over the past year.

Jobs chart August 2015

 

https://www.whitehouse.gov/blog/2015/09/04/employment-situation-august

Reality

From the US Labor Department.

From January 2009 to August 2015.

White American employment up 1.14 million.

WhiteEmploymentObama

Hispanic employment up 4.549 million.

HispanicEmploymentObama

From Zero Hedge September 2, 2015.

“Exposing The Lie Behind The “Strong Jobs Recovery” In One Chart

With all eyes glued to Friday’s payrolls report, we thought it worth reiterating some ‘facts’ about US employment data. As ECRI notes, the sustained decline in the official jobless rate – now approaching the Fed’s estimate of “full employment” – is a misleading indicator of labor market slack. The data shows that the so-called jobs recovery has been spearheaded by cheap labor, with job gains going disproportionately to the least educated — and lowest-paid — workers.”

Read more:

http://www.zerohedge.com/news/2015-09-02/exposing-lie-behind-strong-jobs-recovery-one-chart

From Zero Hedge September 2, 2015.

“New Record In Waiters And Bartenders Masks First Manufacturing Drop In Over 2 Years”

“Putting this all together, since the start of the Second Great Depression, the US economy has lost 1.4 million manufacturing workers, but has more than made up for this with the addition ff 1.5 million waiters and bartenders.”

Read more:

http://www.zerohedge.com/news/2015-09-04/first-drop-manufacturing-workers-over-2-years-offset-new-record-waiters-and-bartende