Category Archives: Government

Government

Putin deposed in Russian coup?, Israeli former ambassador to Russia signs of coup, Stroke health issues dead?, Security chief general Viktor Zolotov killed?, Putin not seen in public in 10 days

Putin deposed in Russian coup?, Israeli former ambassador to Russia signs of coup, Stroke health issues dead?, Security chief general Viktor Zolotov killed?, Putin not seen in public in 10 days

 

 

From Haaretz March 15, 2015.

“Israel’s former ambassador to Russia: ‘There are signs of a coup’

Zvi Magen believes army factions or wealthy businessmen could be behind President Vladimir Putin’s disappearance.”

“Russian President Vladimir Putin was last seen in public on March 5, and in Russia there are increased fears he is the victim of an attempted coup by security organizations and the Russian army.

Israel’s former ambassador to Russia, Zvi Magen, told Haaretz he believes “there are many signs of a coup. The movement of the army around the Kremlin indicates that there is a change in government, or that an attempt at a change in government is being carried out.”

Magen believes those responsible for the potential coup are “branches or factions in the army who are working together or against one another, or wealthy businessmen, many of whom worked in these organizations. They could only be people who are free to walk around the corridors of the Kremlin.”

He says possible reasons include the ongoing sanctions imposed by the West on those close to the Kremlin, sanctions “that harm them personally. I don’t believe there’s a controversy there surrounding policy. They’re protecting their own interests.””

Read more:

http://www.haaretz.com/news/world/.premium-1.647001

From the Russian Monitor March 11, 2015.

(translated into English)

“Putin stroke?”

“Mail “Russian Monitor” received a letter signed by an anonymous employee of the Central Clinical Hospital of President Administration (CDB) in Moscow, in which he reported that the staff of this elite Moscow hospital to which “attributed to” the top management of the Russian Federation, circulate rumors that Vladimir Putin a few days ago was diagnosed with ischemic stroke. The source said that directly to the CDB President not hospitalized.”

http://rusmonitor.com/u-putina-insult.html

From Radio Free Europe March 15, 2015.

“News Analysis: Three Scenarios For A Succession In Russia”

“For a decade and a half, Vladimir Putin has sat at the top of a closed, hierarchical, and personality-based political system that allows for no competition.

As a result, opinion polls in Russia routinely show the public sees “no alternative” to Putin’s leadership.

So what would happen in Russia if Putin suddenly and without warning left the political stage? Over the last few days, we have seen the anxiety that even the rumor of such an event can produce in Russia and around the world. If Putin is the guarantor of stability in Russia, then does a scenario without Putin automatically imply instability — even violent instability?”

“The Constitutional Scenario”

“So if Putin unexpectedly left the scene and the constitution were followed to the letter, Prime Minister Dmitry Medvedev would return to the Kremlin and a competitive election would take place in three months.”

“The Consensus Scenario

Of course, such a smooth and legal transition of power is unlikely in Russia.

In Soviet times, political heavyweights wrestled behind the scenes until a successor emerged through some unfathomable communist alchemy.

More recently, when President Boris Yeltsin decided to retire, political insiders reached a consensus and produced the unimaginable candidacy of Vladimir Putin as his successor. They then used a combination of their financial, administrative, and media resources to get him elected.”

“The Conflict Scenario

But what if consensus can’t be reached?

Under Putin, the political system has become more personalized and centered around the president himself, who has balanced conflicting parties. And he has almost certainly stifled all discussion of what could or should happen in a post-Putin era.

But the divisions in Putin’s inner circle, always latent, have become more manifest with the Ukraine crisis and have intensified since the February 27 assassination of opposition figure Boris Nemtsov.

“Now the conflict between the clans has become very seriously intense,” says journalist and analyst Raf Shakirov. “It is obvious that different groups are pushing for different paths.”

The main fault line, he says, is between “hawks” who have become ascendant due to the Ukraine crisis and Russia’s showdown with the West and a “liberal group” responsible for the economy who would prefer a thaw at home and a rapprochement abroad.”

Read more:

http://www.rferl.org/content/russia-succession-scenarios/26899859.html

White Americans lowest employment gains under Obama, Hispanics Asians Blacks higher, Just over 1 million added Jan 2009 to 2015, Many millions more of white Americans without jobs, 2.8 million white employments lost in 2009, Much of gains part time

White Americans lowest employment gains under Obama, Hispanics Asians Blacks higher, Just over 1 million added Jan 2009 to 2015, Many millions more of white Americans without jobs, 2.8 million white employments lost in 2009, Much of gains part time

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“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 

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

 

 

The following data comes straight from the US labor Department.
It covers the time frame of January 2009 to January 2015. The first 6 years of the Obama Administration.

6 Year Employment

Net Gain     Lost in 2009

White

1,172,000    2,812,000-

Black

1,590,000      644,000-

Asian

1,934,000      157,000-

Hispanic/Latino

4,511,000         85,000-

Bet you didn’t know that!

Is the mainstream media, including Fox, reporting this?

Still think we should give out citizenship & work permits to illegals?

Obama met with Mexicans President Felipe Calderon in Washington, Monday, Jan. 12, 2009.

obama-calderon

Suggested caption:

Mi empleo es su empleo.

From the NY Daily News June June 13, 2013.

“U.S. percentage of non-Hispanic whites hits all-time low of 63%”

“The percentage of non-Hispanic white people in the U.S. population has reached an all-time low: 63%. That is 197.7 million white people out of 313.9 million Americans.

In 2000, whites were 69% of the population. In 1980, they made up 80%. But now white deaths outpace white births by 12,419, and the U.S. is on track to becoming a majority-minority country by 2043, according to data from the U.S. Census Bureau.

“This is the first time there has ever been an overall non-Hispanic white natural decrease in the U.S.,” demographer Kenneth Johnson told Bloomberg.

Nearly half of American children younger than 5 are minorities, and the number of minorities under 18 is expected to surpass the number of white children by 2019. The total minority population has grown 21 times faster than the white population.”

Read more:

http://www.nydailynews.com/news/national/percentage-non-hispanic-whites-hits-all-time-63-article-1.1371772

Share this info with Rush Limbaugh, Sean Hannity, Glenn Beck and anyone else who may give a damn.

 

 

Citizen Wells letter and warning to Edward Snowden, Do not return to Obama Justice Department controlled US, Avoid America until Obama leaves White House, There is no justice with Obama, One North Carolinian to another

Citizen Wells letter and warning to Edward Snowden, Do not return to Obama Justice Department controlled US, Avoid America until Obama leaves White House, There is no justice with Obama, One North Carolinian to another

“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”

 

Citizen Wells to Edward Snowden.

I will make this short and sweet.

As one North Carolinian to another.

Truth seeker to truth seeker.

Under no circumstances should you return to the US as long as Obama is in the White House.

It was scary enough before Obama took control of the White House and Justice Department in January 2009.

The bias in US courts of all levels in 2008 was surprising and scary.

I will not burden you with details but there are plenty on this site.

However, the fact that numerous Justice Department attorneys assisted Obama with keeping his records hidden should be enough to frighten you.

Scan this website for court and Justice Department references.

If you have any questions do not hesitate to contact me.

At your service Wells.

God bless.

 

Feb 2015 43k fewer white American jobs, 354k more not in labor force, 96k more employed and we added 295K jobs???, Common core math used?, George Orwell was right, Mainstream media lies continue to protect Obama

Feb 2015 43k fewer white American jobs, 354k more not in labor force, 96k more employed and we added 295K jobs???, Common core math used?, George Orwell was right, Mainstream media lies continue to protect Obama

“In February 2015 there were 43,000 fewer white Americans employed, 354,000 more not in the labor force, 96,000 more employed and we added 295,000 jobs? Was Common Core math used?”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

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

 

The headlines read:

“U.S. labor market flexes muscles as February payrolls soar”

“Nonfarm payrolls increased 295,000 last month”

Yet, if you simply look at the data from the US Labor Department you find:

43,000 fewer Whites employed in Feb!!!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

There were 250,000 more Hispanic/Latino workers employed since December 2014.

It is worse than that.

From Citizen Wells March 6, 2015.

“Job growth “pretty darn good”, eh?

Here is another employment fact.

Last year, 2014, the US Labor Dept. claims a gain of 3,464,000 jobs and a gain in employment of whites of 1,626,000 whites.

See anything wrong with those numbers?

From Citizen Wells March 5, 2015.

“ADP just reported 212,000 jobs added.

Regardless of the number, the lies about the job situation and economy will continue from the Obama Administration and Obama controlled mainstream media.

Did you know that 5,088,000 jobs were lost during Obama’s first year in office?

(From the US Labor Dept.)

Jan 796,000-
Feb 703,000-
Mar 824,000-
Apr 684,000-
May 355,000-
Jun 467,000-
Jul 325,000-
Aug 217,000-
Sep 227,000-
Oct 201,000-
Nov 6,000-
Dec 283,000-

And in 2010.

Jun 130,000-
Jul 64,000-
Aug 39,000-
Sep 49,000-

Recession over June 2009???

From Citizen Wells March 2, 2015.

“Here is the truth:

Job recovery of what jobs?

It is questionable if we have recovered the jobs lost prior to Obama taking office.

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

New entrants to the labor market, those turning 16, netted by deaths yields at least 9 million new workers.

The US Labor Dept. states that we have approx. 15.5 million more in the labor force since January 2009.

4.7 million migrants were given work permits and God only knows how many more illegals entered the country.

There was an increase of over 12 million not in the labor force since Obama took office.

This is one reason that millennials are having a tough time.

Of the jobs touted in the article above for last year, 1.3 million went to Hispanic/Latinos. Almost as much as White Americans.”

https://citizenwells.wordpress.com/2015/03/06/february-2015-employment-reports-are-lies-march-6-2015-who-getting-jobs-part-time-low-paying-jobs-white-americans-getting-short-changed/

If you have a subscription to or would just like to get the truth from the following, let them know you are displeased.

From Reuters March 6, 2015.

“U.S. labor market flexes muscles as February payrolls soar”

“The unemployment rate dropped two-tenths of a percentage point to 5.5 percent, the lowest since May 2008, slipping into territory that some Fed officials consider consistent with full employment.

“The labor market is on a roll. This should ease fears at the Fed that the global downturn and sharp drop in oil prices are materially disrupting the U.S. economic outlook, and keep the Fed firmly on course for a June lift-off,” said Scott Anderson, chief economist at Bank of the West in San Francisco.”

Read more:

http://www.reuters.com/article/2015/03/06/us-usa-economy-idUSKBN0M20E620150306

From the AP via Charlotte Observer March 6, 2015.

“A strong jobs report shook up the financial markets on Friday.

U.S. employers added 295,000 jobs last month, the government said. That was more than economists were expecting and, combined with a drop in the unemployment rate, raised the likelihood of the Federal Reserve raising interest rates sooner than had previously been expected.”

Read more:

http://www.charlotteobserver.com/news/business/national-business/article12823157.html

From Fortune March 6, 2015.

“Dow drops 300 points as a strong jobs report brings rate hike fears”

Read more:

http://fortune.com/2015/03/06/stocks-plunge-jobs-report-rates/

From the WSJ March 6, 2015.

“Employers added 295,000 jobs in February and the unemployment rate dropped to 5.5%, suggesting continued strength in the labor market. The economy has now added at least 200,000 jobs for 12 straight months, the longest streak since 1995. Economists reacted to the details of the Labor Department’s report, released Friday, and what it means for the Federal Reserve as it debates when to start raising interest rates.

“While some measures of the economy appear to have softened in recent months, it’s still full steam ahead for the jobs market. Although there’s still too much slack, much of which isn’t fully reflected in the headline unemployment rate, jobs are being created at a pace not seen since the late 1990s.””

Read more:

http://blogs.wsj.com/economics/2015/03/06/economists-react-to-the-february-jobs-report-full-employment/

Think you can trust Fox News?

From Fox News March 6, 2015.

“U.S. employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000.”

“Still, over the past 12 months, 3.3 million more Americans have gotten jobs. More jobs and lower gas prices have led many consumers to step up spending. That’s boosting the economy, offsetting sluggish economies overseas and giving employers the confidence to hire.”

Read more:

http://www.foxnews.com/politics/2015/03/06/us-added-25000-jobs-in-february-as-unemployment-rate-slips-to-55-percent/

Think again!

 

February 2015 employment reports are lies, March 6, 2015, Who getting jobs?, Part time low paying jobs?, White Americans getting short changed

February 2015 employment reports are lies, March 6, 2015, Who getting jobs?, Part time low paying jobs?, White Americans getting short changed

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

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

 

***  Important update below  ***

The Obama controlled mainstream has been busy lauding the job growth and laying the groundwork to blame lower jobs on the weather.

Here is one of many examples.

From Market Watch March 5, 2015.

“The U.S. probably produced 238,000 new jobs in February, according to economists polled by MarketWatch. That would mark a small decline from January’s preliminary 257,000 gain and larger drop from the brawny 336,000 monthly average since November. But it would still be pretty darn good and extend a streak of 200,000-plus increases to 12 months, the longest string of such gains since 1994-1995.

The unemployment rate, meanwhile, is seen dipping to 5.6% in February from 5.7% in January.”

“Bad weather can play havoc with early efforts to figure out how many jobs were created. In 2013, for example, the government initially said the economy created 236,000 jobs. That figure was eventually boosted to 314,000 — a 33% increase.

This winter the weather was unusually warm from November through early January before turning much worse. Extreme temperatures or heavy snow make it harder for people to get to work and lead to temporary work shutdowns.”

Read more:

http://www.marketwatch.com/story/4-things-to-watch-in-the-jobs-report-2015-03-05?dist=beforebell

Job growth “pretty darn good”, eh?

Here is another employment fact.

Last year, 2014, the US Labor Dept. claims a gain of 3,464,000 jobs and a gain in employment of whites of 1,626,000 whites.

See anything wrong with those numbers?

From Citizen Wells March 5, 2015.

“ADP just reported 212,000 jobs added.

Regardless of the number, the lies about the job situation and economy will continue from the Obama Administration and Obama controlled mainstream media.

Did you know that 5,088,000 jobs were lost during Obama’s first year in office?

(From the US Labor Dept.)

Jan 796,000-
Feb 703,000-
Mar 824,000-
Apr 684,000-
May 355,000-
Jun 467,000-
Jul 325,000-
Aug 217,000-
Sep 227,000-
Oct 201,000-
Nov 6,000-
Dec 283,000-

And in 2010.

Jun 130,000-
Jul 64,000-
Aug 39,000-
Sep 49,000-

Recession over June 2009???

From Citizen Wells March 2, 2015.

“Here is the truth:

Job recovery of what jobs?

It is questionable if we have recovered the jobs lost prior to Obama taking office.

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

New entrants to the labor market, those turning 16, netted by deaths yields at least 9 million new workers.

The US Labor Dept. states that we have approx. 15.5 million more in the labor force since January 2009.

4.7 million migrants were given work permits and God only knows how many more illegals entered the country.

There was an increase of over 12 million not in the labor force since Obama took office.

This is one reason that millennials are having a tough time.

Of the jobs touted in the article above for last year, 1.3 million went to Hispanic/Latinos. Almost as much as White Americans.”

https://citizenwells.wordpress.com/2015/03/02/job-recovery-a-lie-over-9-million-millennials-entered-job-market-2-8-million-fewer-white-americans-employed-in-obamas-first-year-4-7-million-migrants-given-work-permits-sloppy-reporting-bias-orw/

So, in 2009, Obama’s first year in office, we lost 5,088,000 jobs, added at least 1.5 million legal workers to the labor force and God only knows how many illegals.

Oh sure, the recession was over in June 2009 and the economy was well on the way to recovery….if you are on drugs,

Perhaps that explains it.”

https://citizenwells.wordpress.com/2015/03/05/february-2015-jobs-report-more-part-time-low-paying-jobs-jobs-lost-and-labor-force-growth-not-covered-illegals-exacerbate-already-bad-employment-scenario-recession-over-june-2009-over-5-million/

 

***  Update Mar 6, 8:50 AM  ***

Orwellian BLS data reality check.

ADP reported 212,000 jobs added 2 days ago.

The US Labor Dept. BLS just reported 295,000 jobs added.

But get this!

There were 96,000 more people employed.

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

There were 250,000 more Hispanic/Latino workers employed since December 2014 (Jan. number was “rectified” by BLS & why Dec was chosen).

43,000 fewer Whites employed in Feb!!!

 

 

 

 

 

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

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

 

 

I’ve got a news flash for IHS and Americans.

75 percent of Obama jobs, since he took office in January 2009, went to Hispanics and Latinos.

Straight from the US Labor Department.

This is one of the reasons millennials are hurting.

https://citizenwells.wordpress.com/2015/02/25/janet-yellen-millenials-a-mystery-citizen-wells-schools-yellen-student-debt-and-jobs-influx-of-illegals-impacting-job-market-75-percent-of-obama-jobs-went-to-hispanics-latinos-high-unemployment-r/

From IHS February 24, 2015.

“Hispanics Will Account for More Than 40 Percent of the Increase in U.S. Employment in the Next Five Years, IHS Study Says

Share of job growth will rise to more than 75 percent from 2020 to 2034”

“The Hispanic population will play an increasingly significant role in future U.S. employment growth, accounting for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million –according to a new study from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.

The IHS study, Hispanic Immigration and U.S. Economic Growth, projects that Hispanic employment growth will average 2.6 percent per year over the next 20 years. At the same time, growth of the non-Hispanic working age population will slow to near zero, and new non-Hispanic entrants to the labor force will barely offset retiring Baby Boomers. As a result, the Hispanic share of total U.S. employment will rise from 16 percent in 2014 to 23 percent in 2034.

Other key findings include:

  • Immigration will play a key role in future U.S. employment growth. By 2020, labor force growth is expected to slow to the point that the annual change in the labor force is roughly equal to the amount of net migration.
  • Despite a generally positive long-term economic outlook for Latin American countries, the U.N. projects continuing net outmigration from the 10 Latin American countries and Puerto Rico that are the primary countries of origin of the foreign-born U.S. Hispanic population.
  • According to U.S. Census Bureau assumptions about future Hispanic net international migration, the number of foreign born Hispanics will grow from 22 million in 2014 to over 29 million in 2034, and the foreign-born share of the Hispanic population will fall slowly over this period – from 39.7% to 34.8%.
  • The number of Hispanics that speak Spanish in the home will rise from 36.9 million in 2014 to 55.4 million in 2034.
  • Higher levels of immigration are conducive to stronger U.S. economic growth, and there are credible scenarios for higher levels of Hispanic immigration than assumed in the study’s baseline forecast.”

Read more:

http://press.ihs.com/press-release/economics-country-risk/hispanics-will-account-more-40-percent-increase-us-employment-n

 

 

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

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

 

 

Janet Yellen testified before congress today, February 24, 2015.

“Current Economic Situation and Outlook

Since my appearance before this Committee last July, the employment situation in the United States has been improving along many dimensions. The unemployment rate now stands at 5.7 percent, down from just over 6 percent last summer and from 10 percent at its peak in late 2009. The average pace of monthly job gains picked up from about 240,000 per month during the first half of last year to 280,000 per month during the second half, and employment rose 260,000 in January. In addition, long-term unemployment has declined substantially, fewer workers are reporting that they can find only part-time work when they would prefer full-time employment, and the pace of quits–often regarded as a barometer of worker confidence in labor market opportunities–has recovered nearly to its pre-recession level. However, the labor force participation rate is lower than most estimates of its trend, and wage growth remains sluggish, suggesting that some cyclical weakness persists. In short, considerable progress has been achieved in the recovery of the labor market, though room for further improvement remains.

At the same time that the labor market situation has improved, domestic spending and production have been increasing at a solid rate. Real gross domestic product (GDP) is now estimated to have increased at a 3-3/4 percent annual rate during the second half of last year. While GDP growth is not anticipated to be sustained at that pace, it is expected to be strong enough to result in a further gradual decline in the unemployment rate. Consumer spending has been lifted by the improvement in the labor market as well as by the increase in household purchasing power resulting from the sharp drop in oil prices. However, housing construction continues to lag; activity remains well below levels we judge could be supported in the longer run by population growth and the likely rate of household formation.”

http://www.federalreserve.gov/newsevents/testimony/yellen20150224a.htm

From CNN February 24, 2015.

“Janet Yellen: Millennials are a mystery”

“Millennials are a bit of a mystery to Janet Yellen.

The head of the U.S. Federal Reserve said Tuesday that the behavior of millennials — which typically refers to a generation of people born in the 80s and 90s — has top economists scratching their heads.

“I think we’re just beginning to understand how the millennials are behaving,” Yellen said before the Senate Banking Committee. “They’re certainly waiting longer to buy houses; to get married. They have a lot of student debt. They seem quite worried about housing as an investment. They’ve had a tough time in the job market.”

As the economy continues to gain strength, Yellen said she expects more millennials to buy homes and start families. “But,” she quipped, “we’ve yet to really see how this is going to affect that generation.””

Read more:

http://www.cnn.com/2015/02/24/politics/janet-yellen-capitol-hill-preview/index.html?iid=EL

“top economists scratching their heads.”

Janet Yellen apparently does not have a firm grasp of the impact of the economy on millennials.

Chief economist at Goldman Sachs, Jan Hatzius must not either.

Several weeks ago I corrected his statement about baby boomers impacting the drop in the percent of the population employed.

https://citizenwells.wordpress.com/2015/02/08/economist-jan-hatzius-baby-boomer-impact-debate-with-citizen-wells-drop-in-percent-of-population-working-email-debate-both-agree-not-enough-jobs-2-percent-allegation-in-cnbc-interview/

The problem with the percent of population employed is the increase of people over 16 in this country.

The US Labor Dept. states that we have approx. 15.5 million more since January 2009.

Those turning 16 each year netted by those dying adds approx. 1.5 million a year which totals 9 million since 2009.

From The Daily Caller February 23, 2015.

“But Obama has used his power over the immigration agencies to minimize enforcement of immigration laws. Since 2009, Obama’s senior deputies have repeatedly instructed his immigration agencies to reduce enforcement of immigration laws. For example, since 2009, his aides have given work-permits and temporary residency to 4.7 million migrants, including illegal immigrants, tourists, guest-workers and students.

That 4.7 million is in addition to the annual inflow of 1 million legal immigrants. Roughly 4 million American youths enter the workforce each year.”

Read more:

http://dailycaller.com/2015/02/23/federal-judge-new-illegal-immigrants-must-be-released/

So, there you have it.

At least 9 million native born Americans being added to the labor force and immigrants taking native born American jobs.

There was an increase of over 12 million not in the labor force since Obama took office.

The youngest members of the workforce, 16 and above will be hit the hardest by immigrant workers.

And all of those jobs that Obama bragged about and Janet Yellen and others referred to….

Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!

There were approx. 1.8 more people employed in the last 6 months. 50 percent of those, approx. 900,000, were Hispanic/Latino.

From CNS News February 17, 2015.

“Census Bureau: 30.3% Millennials Still Living With Their Parents”

Read more:

http://www.cnsnews.com/news/article/ali-meyer/census-bureau-303-millennials-still-living-their-parents

From the Economic Policy Institute May 1, 2014.

“This paper’s title, The Class of 2014, is admittedly something of a misnomer, as we do not yet know the labor market outcomes of these soon-to-be graduates. However, the outcomes of recent high school and college graduates provide a good sense of the labor market conditions the young men and women graduating this spring will face. This briefing paper examines the labor market that confronts young graduates who are not enrolled in further schooling—specifically, high school graduates age 17–20 and college graduates age 21–24. We look at young graduates who are not enrolled in further schooling in an attempt to focus as closely as possible on the labor market outcomes of those who are starting their careers. ”

“Key findings include:”

  • “In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.
  • Unemployment and underemployment rates among young graduates are improving but remain substantially higher than before the recession began.
    • For young college graduates, the unemployment rate is currently 8.5 percent (compared with 5.5 percent in 2007), and the underemployment rate is 16.8 percent (compared with 9.6 percent in 2007).
    • For young high school graduates, the unemployment rate is 22.9 percent (compared with 15.9 percent in 2007), and the underemployment rate is 41.5 percent (compared with 26.8 percent in 2007).
  • Overall unemployment rates of young graduates mask substantial disparities in unemployment by race and ethnicity. The unemployment rates of blacks and Hispanics are substantially higher than the unemployment rates of white non-Hispanics, for both young high school graduates and young college graduates.
  • The large increases since 2007 in the unemployment and underemployment rates of young college graduates, and in the share of employed young college graduates working in jobs that do not require a college degree, underscore that the current unemployment crisis among young workers did not arise because today’s young adults lack the right education or skills. Rather, it stems from weak demand for goods and services, which makes it unnecessary for employers to significantly ramp up hiring.
  • The long-run wage trends for young graduates are bleak, with wages substantially lower today than in 2000. Since 2000, the real (inflation-adjusted) wages of young high school graduates have dropped 10.8 percent, and those of young college graduates have dropped 7.7 percent.
  • The erosion of job quality for young graduates is also evident in their declining likelihood of receiving employer-provided health insurance or pensions.
  • Graduating in a bad economy has long-lasting economic consequences. For the next 10 to 15 years, those in the Class of 2014 will likely earn less than if they had graduated when job opportunities were plentiful.”

Read more:

http://www.epi.org/publication/class-of-2014/

 From Market Watch February 18, 2015.

“High student debt equals fewer home buyers”

“Going to college usually leads to better jobs and better pay, but it’s also left many people dangerously in debt and unable to buy a house years after they leave school.

A pair of reports in the past two days illustrate the point. The percentage of student loans at least 90 days overdue rose to 11.3% from 11.1% in the final three months of 2014, the New York Federal Reserve said Tuesday.

While delinquencies have fallen from a record 11.8% in 2013, they are still almost twice as high as they were 10 years earlier.

Then on Wednesday the government reported that construction of new homes fell slightly to a 1.06 million annual pace in January. While sales have been rising gradually, they still aren’t increasing nearly as fast as expected almost six years into an recovery. And the percentage of buyers purchasing their first home is still unusually low.

In a fully functioning economy, housing starts should be running around 1.4 million to 1.8 million a year, analysts estimate.

Clearly the weight of student loans is too heavy for many young people to buy a single-family home. Many can’t qualify for a loan in an era of tougher lending standards or afford the monthly cost of a mortgage.”

Read more:

http://www.marketwatch.com/story/high-student-debt-equals-fewer-home-buyers-2015-02-18

Janet Yellen, which part of the millennial reality do you not understand???