Category Archives: Jobs

Wendy’s minimum wage hike impact on employment, Businesses do not pay for taxes and minimum wage hikes employees and consumers do, Last minimum wage increase eliminated 300k jobs, Obamacare and Obama part time job economy will worsen

Posted on August 12, 2015 | 67 comments

Wendy’s minimum wage hike impact on employment, Businesses do not pay for taxes and minimum wage hikes employees and consumers do, Last minimum wage increase eliminated 300k jobs, Obamacare and Obama part time job economy will worsen

“The truth is, raising the minimum wage could be just about the worst thing he could do for the jobs market. We are already 7 million jobs in the hole, 7 million fewer jobs than when the President took office. Raising the minimum wage means employers whose businesses are struggling will simply get rid of jobs. They will cut workers. According to the Heritage Foundation, the last minimum wage increase eliminated 300,000 jobs”…Gerri Willis Fox News February 13, 2013

“One of the CBO’s most intriguing estimates is that by 2017 there will be 2 million fewer full-time jobs on the market than there would have been without Obamacare, and that figure could climb to 2.5 million by 2024.”…Market Watch February 4, 2014

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

 

 

We have Hillary Clinton talking about raising taxes, Obama and the left trying to raise the minimum wage and this all sounds great to low information voters.

The reality is that these measures kill jobs and hurt the very people they are supposed to help.

From Fox Business February 13, 2013.

“The truth is, raising the minimum wage could be just about the worst thing he could do for the jobs market. We are already 7 million jobs in the hole, 7 million fewer jobs than when the President took office. Raising the minimum wage means employers whose businesses are struggling will simply get rid of jobs. They will cut workers. According to the Heritage Foundation, the last minimum wage increase eliminated 300,000 jobs,

For a president who says he won’t sleep until everybody who wants a job has one, get some NoDoz because there are going to be some sleepless nights.

There are unintended consequences of a higher wage policy, but there is also the fact that the President inaccurately depicts the people on minimum wage. If you surmised from the President’s description that minimum wage workers were single mothers balancing a job at McDonald’s and caring for her children, you’d be wrong.  Most minimum wage workers aren’t adults but people 25 years of age and under, and 60% work part-time.

The true picture of the typical minimum wage worker is a high school or college student with a part-time job, balancing work with the demands of an academic life. Do they deserve a 14% pay hike?

According to the Heritage Foundation, people who are paid minimum wage typically live in households with incomes two or more times over the official poverty level. Non-economists refer to them as mom and dad.

Here’s what the President doesn’t understand that you probably do: minimum wage jobs are training positions. The employer contributes every bit as much to the worker in terms of training teaching job skills, good work habits, how to meet expectations, as the worker does. That’s why these folks aren’t getting top dollar. They are newbies.

The job market is full of people performing at different levels and they all don’t get paid the same amount of money! That is fair, right and good.

Oh, and by the way, two-thirds of minimum wage workers don’t earn minimum wage after a year. They get a raise!”

Read more:

http://www.foxbusiness.com/on-air/willis-report/blog/2013/02/13/obama-s-minimum-wage-job-killer

From Zero Hedge August 11, 2015.

“Wendy’s Explains What Happens When Fry Cooks Make $15/Hour”

“At the most basic level, the argument against hastily construed wage hikes is that forcing employers to pay everyone more will simply prompt companies to fire people or at the very least, curtail hiring. As one Burger King franchisee recently told CBS, “[fast food] businesses are not going to pay $15 dollars an hour [because] the economics don’t work in this industry. There is a limit to what you’re going to pay for a hamburger.”

With that in mind, we present the following commentary from Wendy’s most recent conference call with no comment:

Todd A. Penegor – Chief Financial Officer & Senior Vice President
Yeah. So we continue to see pressure on wages two fronts, one is minimum wages at the state level continue to increase, and as there is a war on talent to make sure that we’re competitive in certain markets. So we’ve made some adjustments to that starting wage in certain markets. The impact hasn’t been material at the moment, but we continue to look at initiatives on how we do work to offset any impact to future wage inflation through technology initiatives, whether that’s customer self-order kiosks, whether that’s automating more in the back of the house in the restaurant, and you’ll see a lot more coming on that front later this year from us.

John William Ivankoe – JPMorgan Securities LLC
Okay, understood. I mean there is obviously a lot of discussion of wage prices, wage costs and that there would be increased pricing at the franchise level to offset those increased wages, especially in markets like New York for example that are going to see some very severe increases in wage costs. So can you juxtapose the franchisees’ desire and/or need to take pricing at the store level with what sounds like an increased focus overall for the brand on value, can those two things be achieved simultaneously?

Emil J. Brolick – President, Chief Executive Officer & Director
Yeah, John, this is Emil. And our franchisees, I find them to be very astute business people, and they have a great sense of their trade areas where their restaurants are and a great I think understanding of what the competitive environment is in terms of their capacity to price. I think the reality is that what you will see in like some of these markets, the New Yorks, where there is these very significant increases, is that they will be – our franchisee will slightly likely look at the opportunity to reduce overall staff, look at the opportunity to certainly reduce hours and any other cost reduction opportunities, not just price. There are some people out there who naively say that these wages can simply be passed along in terms of price increases. I don’t think that the average franchisee believes that, and there will have to be other consequences, which is why we have pointed out that unfortunately we believe the some of these increases will clearly end up hurting the people that they are intended to help.”

Read more:

http://www.zerohedge.com/news/2015-08-11/wendys-explains-what-happens-when-fry-cooks-make-15hour

 

 

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Clintons, Economy, Employment, Jobs, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Unemployment

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Female job gains since 2007 taken by immigrants, US born women lost 64k jobs, Foreign born women gained 1 million jobs, 25 million foreign workers hold jobs inside the United States, First 6 years of Obama 75 percent of employment went to Hispanics

Posted on August 10, 2015 | 43 comments

Female job gains since 2007 taken by immigrants, US born women lost 64k jobs, Foreign born women gained 1 million jobs, 25 million foreign workers hold jobs inside the United States, First 6 years of Obama 75 percent of employment went to Hispanics

“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

 

 

Citizen Wells has been warning you.

All of those so called job gains under Obama, many of which are part time, low paying jobs, don’t add up to employment for US born citizens.

Just yesterday we reported that the monthly jobs added don’t add up at all, unless you use Orwellian math.

“Let’s examine the latest jobs report.

“Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today.”

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

For the rest of the data we will access the same US Labor Dept. Historical tables.

Change from June to July:

Total employed + 101,000

White – 62,000 (you read that right, minus)

Black + 33,000

Asian + 21,000

Hispanic – 27,000

See anything wrong with that?

215,000 jobs added???

It gets worse.

Change from January to July:

Regardless of which revision to the monthly jobs report that you use, if you add up the mythical jobs added from February to July 2015 you get well over 1.2 million.

How does this square with the employment changes from the US Labor Dept?

Total employed + 639,000

White – 155,000 (you read that right, minus)

Black + 463,000

Asian + 211,000

Hispanic + 69,000

See any problems there?”

Monthly US Labor Dept. jobs data not matching employment, Where are Donald Trump Rush Limbaugh Sean Hannity??, 6 month comparison reveals total employment only up 639k, White employment down 155k, Financial markets react to flawed monthly data

Using the same US Labor Dept. Historical charts that the Washington Examiner used below, you will find that under the first 6 years of Obama, 75 percent of employment gains went to Hispanics.

From the Washington Examiner August 7, 2015.

“Jobs shock: 100% of female employment gains taken by foreigners since 2007

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.

The jobs data released by the Bureau of Labor Statistics showed gains in the “employment level” among “foreign born women” and losses among “native born women.”

The charts show that 9.041 million foreign-born women held jobs in December of 2007 compared to 10.028 million today – or a gain of roughly 1 million jobs.

In contrast, 59.322 million U.S.-born women held jobs in December of 2007 compared to 59.258 million today – or a loss of nearly 64,000 jobs.

Overall, nearly 25 million foreign workers, men and women, hold jobs inside the United States, according to a Senate immigration expert.”

http://www.washingtonexaminer.com/jobs-shock-100-of-female-employment-gains-taken-by-foreigners-since-2007/article/2569824?utm_campaign=Washington%20Examiner:%20Washington%20Secrets%20PMI&utm_source=Washington%20Examiner:%20Washington%20Secrets%20PMI%20-%2008/07/15&utm_medium=email

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Orwellian, The Case Against Barack Obama, Unemployment

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Monthly US Labor Dept. jobs data not matching employment, Where are Donald Trump Rush Limbaugh Sean Hannity??, 6 month comparison reveals total employment only up 639k, White employment down 155k, Financial markets react to flawed monthly data

Posted on August 9, 2015 | 35 comments

Monthly US Labor Dept. jobs data not matching employment, Where are Donald Trump Rush Limbaugh Sean Hannity??, 6 month comparison reveals total employment only up 639k, White employment down 155k, Financial markets react to flawed monthly data

“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 

“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″

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

 

 

Why are the financial markets reacting to flawed monthly data from the US Labor Dept. instead of employment trends over several or more months from the same source?

Why is the media, including conservative media, regurgitating the monthly fictional jobs data as if it were the gospel truth?

Where are Donald Trump, Rush Limbaugh, Sean Hannity and others on this Orwellian misportrayal of reality?

Most of us paying attention know that the monthly jobs data from the US Labor Dept. does not reflect reality.

We know this from the enormous numbers of people who have dropped out of the labor force, economic indicators and hunger around us.

We also know this because of the record number of millenials and other age groups who have been forced to live with family and friends.

Let’s examine the latest jobs report.

“Total nonfarm payroll employment increased by 215,000 in July, and the unemployment rate was unchanged at 5.3 percent, the U.S. Bureau of Labor Statistics reported today.”

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

For the rest of the data we will access the same US Labor Dept. Historical tables.

Change from June to July:

Total employed + 101,000

White – 62,000 (you read that right, minus)

Black + 33,000

Asian + 21,000

Hispanic – 27,000

See anything wrong with that?

215,000 jobs added???

It gets worse.

Change from January to July:

Regardless of which revision to the monthly jobs report that you use, if you add up the mythical jobs added from February to July 2015 you get well over 1.2 million.

How does this square with the employment changes from the US Labor Dept?

Total employed + 639,000

White – 155,000 (you read that right, minus)

Black + 463,000

Asian + 211,000

Hispanic + 69,000

See any problems there?

The financial markets, the Fed are making decisions based on the flawed monthly data and it keeps getting reported.

People on this site often ask what can I do.

My answer: help get the word out, help counteract the Orwellian lies we are constantly being bombarded with.

From the US Labor Department on how they conjure up these numbers.

“1. Why are there two monthly measures of employment?

The household survey and establishment survey both produce sample-based estimates of employment, and both have strengths and limitations. The establishment survey employment series has a smaller margin of error on the measurement of month-to-month change than the household survey because of its much larger sample size. An over-the-month employment change of about
100,000 is statistically significant in the establishment survey, while the threshold for a statistically significant change in the household survey is about 400,000. However, the household survey has a more expansive scope than the establishment survey because it includes self-employed workers whose businesses are unincorporated, unpaid family workers, agricultural workers, and private household workers, who are excluded by the establishment survey. The household survey also provides estimates of employment for demographic groups.”

“5. Does the establishment survey account for employment from new businesses?

Yes; monthly establishment survey estimates include an adjustment to account for the net employment change generated by business births and deaths. The adjustment comes from an econometric model that forecasts the monthly net jobs impact of business births and deaths based on the actual past values of the net impact that can be observed with a lag from the Quarterly Census of Employment and Wages. The establishment survey uses modeling rather than sampling for this purpose because the survey is not immediately able to bring new businesses into the sample. There is an unavoidable lag between the birth of a new firm and its appearance on the sampling frame and availability for selection. BLS adds new businesses to the survey twice a year.”

“Reliability of the estimates

Statistics based on the household and establishment
surveys are subject to both sampling and nonsampling error.
When a sample, rather than the entire population, is
surveyed, there is a chance that the sample estimates may
differ from the true population values they represent. The
component of this difference that occurs because samples
differ by chance is known as sampling error, and its
variability is measured by the standard error of the estimate.
There is about a 90-percent chance, or level of confidence,
that an estimate based on a sample will differ by no more
than 1.6 standard errors from the true population value
because of sampling error. BLS analyses are generally
conducted at the 90-percent level of confidence.

For example, the confidence interval for the monthly
change in total nonfarm employment from the establishment
survey is on the order of plus or minus 105,000. Suppose the
estimate of nonfarm employment increases by 50,000 from
one month to the next. The 90-percent confidence interval on
the monthly change would range from -55,000 to +155,000
(50,000 +/- 105,000). These figures do not mean that the
sample results are off by these magnitudes, but rather that
there is about a 90-percent chance that the true over-themonth
change lies within this interval. Since this range
includes values of less than zero, we could not say with
confidence that nonfarm employment had, in fact, increased
that month. If, however, the reported nonfarm employment
rise was 250,000, then all of the values within the 90-percent
confidence interval would be greater than zero. In this case,
it is likely (at least a 90-percent chance) that nonfarm
employment had, in fact, risen that month. At an
unemployment rate of around 6.0 percent, the 90-percent
confidence interval for the monthly change in unemployment
as measured by the household survey is about +/- 300,000,
and for the monthly change in the unemployment rate it is
about +/- 0.2 percentage point.”

Click to access empsit.pdf

 

 

 

 

 

 

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Posted in 1984, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, George Orwell, Jobs, Labor Department, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Orwell, Orwellian, The Case Against Barack Obama, Unemployment

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US Labor Dept. jobs data bombshell, August 7, 2015, More white Americans employed in July 2006, Downward spiral of white jobs from Clinton to Obama, Center for Immigration studies warning of jobs going to immigrants

Posted on August 7, 2015 | 25 comments

US Labor Dept. jobs data bombshell, August 7, 2015, More white Americans employed in July 2006, Downward spiral of white jobs from Clinton to Obama, Center for Immigration studies warning of jobs going to immigrants

“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

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells 2015

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

 

***  Update 8:33 AM  **

62,000 fewer white Americans employed in July!!!

Before the release of the so called jobs report for July 2015, historical data from the US Labor Dept. reveals:

There were more white Americans employed in July 2006 than July 2015.

The white civilian noninstitutional population grew by over 10 million.

The gains in white employment during the first 6 years of their administrations are as follows:

Clinton – approx. 9.5 million.

Bush – approx. 4.5 million.

Obama – approx. 1.2 million.

Don’t take my word for it, check it for yourself.

From the Center for Immigration Studies.

“All Employment Growth Since 2000 Went to Immigrants
Number of U.S.-born not working grew by 17 million”

“Government data show that since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal). This is remarkable given that native-born Americans accounted for two-thirds of the growth in the total working-age population. Though there has been some recovery from the Great Recession, there were still fewer working-age natives holding a job in the first quarter of 2014 than in 2000, while the number of immigrants with a job was 5.7 million above the 2000 level.

All of the net increase in employment went to immigrants in the last 14 years partly because, even before the Great Recession, immigrants were gaining a disproportionate share of jobs relative to their share of population growth. In addition, natives’ losses were somewhat greater during the recession and immigrants have recovered more quickly from it. With 58 million working-age natives not working, the Schumer-Rubio bill (S.744) and similar House measures that would substantially increase the number of foreign workers allowed in the country seem out of touch with the realities of the U.S. labor market.”

“Among the findings:

The total number of working-age (16 to 65) immigrants (legal and illegal) holding a job increased 5.7 million from the first quarter of 2000 to the first quarter of 2014, while declining 127,000 for natives.

In the first quarter of 2000, there were 114.8 million working-age natives holding a job; in the first quarter of 2014 it was 114.7 million.

Because the native-born population grew significantly, but the number working actually fell, there were 17 million more working-age natives not working in the first quarter of 2014 than in 2000.

Immigrants have made gains across the labor market, including lower-skilled jobs such as maintenance, construction, and food service; middle-skilled jobs like office support and health care support; and higher-skilled jobs, including management, computers, and health care practitioners.”

Read more:

http://cis.org/all-employment-growth-since-2000-went-to-immigrants

How does letting in a flood of illegal immigrants, most of whom will work for the lowest amount, increase the average wage in the US?

 

 

25 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Labor Department, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama

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ADP July 2015 185k jobs added, June revised downward, 47k fewer jobs than July 2014

Posted on August 5, 2015 | 22 comments

ADP July 2015 185k jobs added, June revised downward, 47k fewer jobs than July 2014

“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

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells 2015

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

 

 

From ADP August 5, 2015.

“ADP National Employment Report: Private Sector Employment Increased by
185,000 Jobs in July
ROSELAND, N.J. – August 5, 2015 – Private sector employment increased by 185,000 jobs from June to July according to the June ADP National Employment Report® . Broadly distributed to the public each
month, free of charge, the ADP National Employment Report is produced by ADP® , a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private
employment each month on a seasonally-adjusted basis.”

“Payrolls for businesses with 49 or fewer employees increased by 59,000 jobs in July, half of the June number. Employment among companies with 50-499 employees increased by 62,000 jobs, down from 78,000 the previous month. Employment gains at large companies – those with 500 or more employees
– increased sharply from June, adding 64,000 jobs in July, up from 34,000. Companies with 500-999 added 17,000 jobs after adding 28,000 jobs in June. Companies with over 1,000 employees added 47,000 jobs, almost eight times the weak 6,000 added the previous month.

Service-providing employment rose by 178,000 jobs in July, down from 216,000 in June. The ADP National Employment Report indicates that professional/business services contributed 42,000 jobs in
July, down from June’s 61,000. Trade/transportation/utilities grew by 25,000, just over half of the previous month’s 47,000. The 10,000 new jobs added in financial activities was a drop from last month’s 16,000.”

ADPChange-in-Nonfarm-Private-Employment-July-2015

http://adpemploymentreport.com/2015/July/NER/NER-July-2015.aspx

 

 

 

22 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs

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Homeownership Drops To 48 Year Low, Median Rent Soars To All Time High, White american employment decimated under Obama, 63.4 percent home ownership rate lowest since 1967, Fewer white americans employed now than 2007

Posted on July 28, 2015 | 31 comments

Homeownership Drops To 48 Year Low, Median Rent Soars To All Time High, White american employment decimated under Obama, 63.4 percent home ownership rate lowest since 1967, Fewer white americans employed now than 2007

“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

“For now, the absence of young adults from the housing market continues to put a dent in the homeownership rate, which dropped to 64.8% in the first quarter, compared with 65.2% in the fourth quarter of 2013, according to U.S. Census statistics. The rate was as high as 69.2% in the fourth quarter of 2004. For those younger than 35, the rate has fallen noticeably faster. It slipped to 36.2% in the first quarter, from 36.8% in the fourth. The homeownership rate for this group was as high as 43.6% in the second quarter of 2004.”…Market Watch May 12, 2014

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

 

 

We keep driving this point across.

It explains a lot.

White American employment has been decimated under Obama.

There were more white Americans employed in 2007 than now.

Whites make up approx. 2/3 of the US working age population.

From Zero Hedge July 28, 2015.

“US Middle Class Stays Dead: Homeownership Drops To 48 Year Low; Median Asking Rent Soars To All Time High

Three months ago, just as the last Census Homeownership and residential vacancy report hit, Gallup released its latest survey which confirmed just how dead the American Dream has become for tens if not hundreds of millions of Americans.

According to the poll, the number of Americans who did not currently own a home and say they do not think they will buy a home in “the foreseeable future,” had risen by one third to 41%, vs. “only” 31% two years ago. Non-homeowners’ expectations of buying a house in the next year or five years were unchanged, suggesting little change in the short-term housing market.

As Gallup wryly puts it, “what may have been a longer-term goal for many may now not be a goal at all, and this could have an effect on the longer-term housing market.””

“Earlier today, the US Census released its latest homeownership data, which confirmed that for what is left of America’s middle class, owning a home has become virtually impossible, with the homeownership rate plunging from the lowest level since 1986, or 63.7%, to just 63.4% the lowest reading since the first quarter of 1967.

Three months ago, when compiling this data we said that “at this rate, by the end of the 2015 and certainly by the end of Obama’s second term, the US homeownership rate will drop to the lowest in modern US history.” That moment, as shown on the chart below, came far sooner than ever we had expected. The only question is whether the lowest homeownership print on record reported in 1965 and standing at 62.9% will be taken out in the next 2 quarters or in early 2016.”

homeownership rate Q2 2015

“Yes, it is safe assume that the imminent lowest homeownership print in US history may be the “bottom.”
Still, the ongoing death of the middle class is not bad news to everyone: landlords, of which private equity firm Blackstone recently became the biggest in the US, are reaping unseen profits courtesy of runaway inflation in at least one item: rent.

Because as homeownership falls, demand for rental housing is booming. The vacancy rate for rented homes in the U.S. fell to 6.8% in the first quarter from 7.5% a year earlier. It was the lowest first-quarter rate since 1986.

And the punchline, which should come as no surprise to anyone: the median monthly asking rent just rose to a record $803 across the US.”

Read more:

http://www.zerohedge.com/news/2015-07-28/us-homeownership-drops-48-year-low-median-asking-rent-rises-new-record-high

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Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama

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Obama lies white American employment dies, Obama boasts to University of Wisconsin students, 12.8 million jobs added, Only 1 million more whites employed since January 2009, Not back to pre recession levels or population growth

Posted on July 6, 2015 | 30 comments

Obama lies white American employment dies, Obama boasts to University of Wisconsin students, 12.8 million jobs added, Only 1 million more whites employed since January 2009, Not back to pre recession levels or population growth

“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

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells 2015

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

 

 

I am going to make this real simple for you.

Recently Obama, the liar in chief, boasted to students at the University of Wisconsin that he created 12.8 million jobs.

The following comes straight from the US Labor Department website.

White Americans employed.

January 2009: 116,863,000 .

June 2015: 117,942,000.

That’s just over a million.

December 2007: 120,003,000.

We are not even close to pre recession levels.

Nor have we provided for population growth.

From Zero Hedge July 3, 2015.

“Barack Obama Tells Another Whopper – He Did Not Create 12.8 Million Jobs”

“America is better off when President Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm. But the whoppers he just told the students at the University of Wisconsin are beyond the pale. Said our spinmeister-in-chief:

And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I came into office it was hovering around 10 percent. All told, we’ve now seen 64 straight months of private sector job growth, which is a new record — (applause) — new record —12.8 million new jobs all told.

“We are now 29 quarters from the pre-crisis peak and total non-farm labor hours utilized by the US economy are no higher than they were in Q4 2007. In other words, if you use a common unit of measure—–labor hours rather than job slots which treat coal-miners and part-time pizza delivery boys alike—–there have been no new units of employment at all. Our teleprompter reading President is actually tooting his own horn about recycled hours and “born again”  jobs and doesn’t even know it.”

“In short, we have gone through two business cycles and have essentially added zero new employment inputs to the US economy.  And that marks a sharp and devastating reversal of previous trends. In fact, the BLS’ own data convey an out-and-out crisis that the President should have been lamenting, not a cherry-picked simulacrum of growth based on born-again, apples-and-oranges jobs slots.

Thus, during the comparable 29 quarters after the 1990 business cycle peak (Q2 1990 to Q3 1997) non-farm labor hours had increased by 12% and during the same period of time after the 1981 peak (Q3 1981 to Q4 1988) labor hours expanded by 17 percent.  That’s what employment growth used to look like, and absolutely nothing like that has happened on Obama’s watch.”

Read more:

http://www.zerohedge.com/news/2015-07-03/barack-obama-tells-another-whopper-he-did-not-create-128-million-jobs

 

30 Comments

Posted in Americans, Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, illegal aliens, Illegal immigrants, Immigrants, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Unemployment

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June 2015 jobs report reveals impact on white Americans: 106k fewer employed in June 339k more not in labor force labor force participation drop of 3.3 percent during Obama admin, Part time jobs up 161k, Full time jobs tumble 349k, Hunger in America

Posted on July 2, 2015 | 29 comments

June 2015 jobs report reveals impact on white Americans: 106k fewer employed in June 339k more not in labor force labor force participation drop of 3.3 percent during Obama admin, Part time jobs up 161k, Full time jobs tumble 349k, Hunger in America

“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

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells 2015

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

 

 

The media reports continue to claim that we are adding jobs every month.

What they are not telling you, the truth, is that white Americans and young native born Americans are being decimated in the job market.

One of the reasons for this is the influx of illegal aliens who are in fact taking jobs from native born Americans.

And yes, Donald Trump is correct.

They are bringing crime and using our resources at taxpayer expense.

Data from the US Labor Department reveals the impact on white Americans.

There were 106,000 fewer white Americans employed in June.

There were 339,000 more not in the labor force.

Since Obama took control in January 2009, the labor force participation rate for whites has dropped 3.3 percent.

From Zero Hedge July 2, 2015.

“Part-Time Jobs Surge By 161,000; Full-Time Jobs Tumble By 349,000”

“While the kneejerk reaction algos were focusing on the +223K jobs number reported by the Establishment Survey, few if anyone notched that the Household survey reported a decline of 56,000 workers in June.

But what’s worse, is that according to this survey which according to some is far more reliable than its peer, the composition of the US labor force once again deteriorated rapidly with part-time jobs added in June surging by 161,000 while the number of full time jobs tumbled by 349,000.”

“Why is this a problem: because while the US still has 800k full-time jobs to go to at least regain the prior peak, during the same time period the US civilian, non-institutional population has risen from 232.9 million to 250.7 million: an increase of 17.724 million!”

full time vs potential workers_0

http://www.zerohedge.com/news/2015-07-02/part-time-jobs-surge-161000-full-time-jobs-tumble-349000

The media has been reporting about hunger in America but they won’t tell you why.

Now you know.

 

 

29 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, illegal aliens, Illegal immigrants, Immigrants, Jobs, Labor Department, Lies, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Unemployment

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Economic Policy Institute labor market report leaves out important facts, May to Feb 2015 and Dec 2007 comparisons, Hispanic Latinos big gains in employment, White Americans down almost 2 million employments since 2007, BLS data

Posted on June 23, 2015 | 54 comments

Economic Policy Institute labor market report leaves out important facts, May to Feb 2015 and Dec 2007 comparisons, Hispanic Latinos big gains in employment, White Americans down almost 2 million employments since 2007, BLS data

“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

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

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

 

 

From the Economic Policy Institute June 19, 2015.

“The Bureau of Labor Statistics’ May State Employment and Unemployment report showed most states continued on the generally positive—albeit somewhat unremarkable—track they’ve been on for the past year. Since May of 2014, all but one state (West Virginia) have added jobs, and unemployment has fallen in all but five states: Louisiana, North Dakota, South Carolina, South Dakota, and West Virginia. The only slight dark spot in recent trends is that, as with last month’s report, it appears the well of jobs from the oil and gas boom seems to be drying up. In states where growth from the boom has been explosive (North Dakota, Oklahoma), this slowdown still leaves them well ahead of the pack.

From February 2015 to May 2015, 38 states and the District of Columbia added jobs. Nevada (+1.3 percent), Rhode Island (+1.3 percent), and Maine (+1.0 percent) had the largest percentage gains. All three of these states showed some acceleration in job growth in recent months, although none of the three has yet to recover all the jobs they lost in the Recession. From February to May, 11 states lost jobs, with the biggest percentage losses occurring in North Dakota (-1.8 percent), Wyoming (-1.3 percent), and Oklahoma (0.6 percent). For the country as a whole, employment grew by 0.4 percent over the same period.

Unemployment fell in 25 states from February to May, with Washington (-0.9 ppt), Tennessee (-0.8 ppt), and Indiana (-0.8 ppt) experiencing the largest reductions. Washington state and the broader Pacific Region have had impressive labor market improvements over the past year, as Pacific states have increased employment and reduced unemployment faster than any other region of the country.”

Read more:

Steady-as-She-Goes for Most State Labor Markets in May

As far as I am concerned, this is just another lie, i.e., leaving one with a false impression.

Directly from the US Labor Department, BLS.

Hispanic Latino employment rose 147,000 from February to May of 2015 and 3,875,000 since December 2007.

White employment rose 56,000 from February to May 2015 and dropped almost 2 million since December 2007.

Why is no one else reporting this?

Contact Rush, Hannity or anyone else you prefer to get the truth out.

 

54 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, Labor Department, Obama, Obama administration, Obama lies, Obama Nation, Obama records, The Case Against Barack Obama, Unemployment

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Obama immigrant friendly crony friendly economy destroying native born American dreams, Gen X impact, White American jobs decimated, Consumers don’t have money to spend, Higher health care rent food costs and student debt

Posted on June 16, 2015 | 54 comments

Obama immigrant friendly crony friendly economy destroying native born American dreams, Gen X impact, White American jobs decimated, Consumers don’t have money to spend, Higher health care rent food costs and student debt

“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 

“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

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

 

 

You should know by now that over 30 percent of millennials live with family members due to the horrid jobs situation, higher rent costs and student debt.

Gen X, Generation X, has also been hit by the Obama economy.

From Main St. June 8, 2015.

“Gen X, the leading edge of which will turn 50 next year, with the youngest hitting 35, are facing the reality of their looming retirement prospects. And so far, there is much room for improvement.

Gen X was roiled by the Great Recession, losing nearly half (45%) of their wealth. Now, a new study by Northwestern Mutual reveals that Gen X is compounding that major setback with the poorest financial habits of the four generations surveyed. Most respondents characterized themselves as spenders rather than savers, making them the generation most likely to havemore debt than savings.

Almost four in 10 (37%) admit they do not “at all feel financially secure,” an outlook more pessimistic than any other generation, even the often money-challenged Millennials.”

https://www.mainstreet.com/article/mtv-generation-faces-retirement-wake-up-call

If you have been reading Citizen Wells you know that White Americans have been decimated in the job market since Obama took the White House in January 2009.

As of a few months ago, 75 percent of the employments added went to Hispanics and Latinos.

From Zero Hedge June 11, 2015.

“All of this is cast against a subpar (or perhaps “non-existent” is the better term) economic recovery wherein weak demand has curtailed spending and investment, leading directly to lackluster wage growth. This of course, makes it still more difficult for would-be buyers to make a down payment and indeed it says quite a bit about the state of the economy when homeownership rates continue to hit multi-decade lows even as Fannie and Freddie are now backing loans with down payments as low as 3% while FHA has cut premiums at the same time.

If you’re a millennial, the situation is even more desperate. As we’ve documented extensively, new graduates are having a difficult time finding jobs that are commensurate with their education. College degrees have become so commonplace that they have largely ceased to differentiate candidates from one another and on top of that, many young job seekers are discovering that their $35,000 educations did not provide them with the skills sets employers are looking for. Speaking of $35,000 educations, student loan debt is perhaps the biggest impediment to homeownership for young Americans.

Combine a 14% U-6 unemployment rate for 18-29 year olds with soaring rents and a housing market that’spricing out young adults in many of the nation’s most desirable locales and you have the recipe for historically low homeownership rates for millenials. A new study by The Urban Institute has more on homeownership by age group:”

HomeOwnershipRates

http://www.zerohedge.com/news/2015-06-11/millennials-homeownership-dream-dying

From Zero Hedge June 15, 2015.

“Last week the government reported personal income and spending for April. After months of blaming non-existent consumer spending on cold weather, shockingly occurring during the Winter, the captured mainstream media pundits, Ivy League educated Wall Street economist lackeys, and Keynesian loving money printers at the Fed have run out of propaganda to explain why Americans are not spending money they don’t have. The corporate mainstream media is now visibly angry with the American people for not doing what the Ivy League propagated Keynesian academic models say they should be doing.”

“Despairing mothers, unemployed fathers, impoverished grandmothers, and indebted young people are supposed to feel lucky because they aren’t starving to death like the wretched Greeks. We do have one thing in common with the Greeks. We’ve both been screwed over by bankers and corrupt politicians. Did you know you’ve been given a free ride by your friends at the Federal Reserve? Did you know that zero interest rates and $3.5 trillion of Quantitative Easing (aka money printing) were implemented to benefit you? According to Hilsenrath, the Fed lending money at 0.25% to their Wall Street bank owners, who then allow you to borrow from them at 15% on your credit card, represents a free ride for you. Are the subprime auto loan borrowers, who account for 30% of all auto sales, paying 13% interest getting a free ride?”

Read more please:

http://www.zerohedge.com/news/2015-06-15/consumers-are-not-following-orders

 

 

 

54 Comments

Posted in Barack Obama, Citizen News, Citizens for the truth about Obama, CitizenWells, Crony Capitalism, Economy, Employment, Jobs, Obama, Obama administration, Obama lies, Obama Nation, Obama records, Pay to play politics, The Case Against Barack Obama, Unemployment

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