Category Archives: Unemployment

NC July unemployment rate rises to 8.9 percent, Labor Force Participation Rate plummets 1.4 percent since Jan 2013, NC tied for third worst unemployment rate

Posted on August 20, 2013 | 48 comments

NC July unemployment rate rises to 8.9 percent, Labor Force Participation Rate plummets 1.4 percent since Jan 2013, NC tied for third worst unemployment rate

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

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

 

 

From the Raleigh News Observer August 19, 2013.
“NC jobless rate rises in July to 8.9 percent”

“The unemployment rate in North Carolina inched higher in July, the first uptick in the closely watched economic indicator since January.

The state’s seasonally adjusted unemployment rate rose one-tenth of a percentage point to 8.9 percent last month, according to data released Monday by the state Department of Commerce’s Labor and Economic Analysis Division.

“It was a disappointing month,” said Mekael Teshome, a PNC Financial Services Group economist.

Although the jobless rate was seven-tenths of a percentage point lower than it was a year ago, North Carolina’s unemployment rate is tied with Rhode Island for the third-worst in the nation. Only Illinois, at 9.2 percent, and Nevada, where the unemployment rate is 9.5 percent, have higher unemployment rates.

The national unemployment rate for July was 7.4 percent, an improvement from June’s 7.6 percent.

“I think we have a story of two North Carolinas,” Teshome said. “We have some really strong areas in the state – the Triangle area, Charlotte – but then other parts of the state are struggling to get back on their feet from the Great Recession. Overall, the state’s recovery has been pretty modest.”

Teshome said that the decline in the labor force by 12,208 workers was particularly disconcerting. The labor force encompasses workers who have a job plus unemployed workers who are actively seeking a job.

“When people are dropping out of the labor force, it’s a sign that they are less confident about their job prospects,” he said. “So people are discouraged and leaving the labor force.”

The labor force in July sunk to its lowest level since February 2012, said Allan Freyer, public policy analyst for the nonprofit N.C. Justice Center’s Budget and Tax Center.

“That shows we are going in the wrong direction,” Freyer said.”

Read more:
Now for the real news.

The Labor Force Participation Rate plummeted 1.4 percent From January to July 2013.

This is huge news.

Ask your local TV News or Newspaper why they are not reporting this.

Check it for yourself here:

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

 

 

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

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Initial claims data misleading, August 15, 2013, US Labor Dept, Lowest since 2007?, Increased part time workers lowers layoffs, Total claiming benefits in all programs increased

Posted on August 15, 2013 | 78 comments

Initial claims data misleading, August 15, 2013, US Labor Dept, Lowest since 2007?, Increased part time workers lowers layoffs, Total claiming benefits in all programs increased

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

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

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

 

 

Once again the US Labor Department reported fewer initial claims.

One report I heard on the radio stated that the number of initial claims was the lowest since October 2007.

Is this comparing apples and oranges?

From the US Labor Dept. August 15, 2013.

“UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
SEASONALLY ADJUSTED DATA

In the week ending August 10, the advance figure for seasonally adjusted initial claims was 320,000, a decrease of 15,000 from the previous week’s revised figure of 335,000. The 4-week moving average was 332,000, a decrease of 4,000 from the previous week’s revised average of 336,000.”

“The total number of people claiming benefits in all programs for the week ending July 27 was 4,586,860, an increase of 65,906 from the previous week. ”

Read more:

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

Reporters are comparing the latest initial claims with those from 2007.

Consider the following comparisons between October 2007 and the latest 2013 numbers.

Part-Time for Economic Reasons, All Industries
Oct 2007 4,325,000

July 2013 8,245,000
U6

Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

Oct 2007 8.4 %

July 2013 14.0 %

Not in Labor Force, Want a Job Now

Oct 2007 4,131,000

July 2013 6,862,000

An increase in part time workers is bound to affect the initial claims report.

Think about it.

With part time workers you can easily cut back hours without laying them off. And Obamacare is creating more part time workers.

From NBC News August 13, 2013.

“Businesses claim Obamacare has forced them to cut employee hours”

“Employers around the country, from fast-food franchises to colleges, have told NBC News that they will be cutting workers’ hours below 30 a week because they can’t afford to offer the health insurance mandated by the Affordable Care Act, also known as Obamacare.
“To tell somebody that you’ve got to decrease their hours because of a law passed in Washington is very frustrating to me,” said Loren Goodridge, who owns 21 Subway franchises, including a restaurant in Kennebunk. “I know the impact I’m having on some of my employees.”
Goodridge said he’s cutting the hours of 50 workers to no more than 29 a week so he won’t trigger the provision in the new health care law that requires employers to offer coverage to employees who work 30 hours or more per week. The provision takes effect in 16 months.”
“The White House dismisses such examples as “anecdotal.” Jason Furman, chairman of the president’s Council of Economic Advisors, said, “We are seeing no systematic evidence that the Affordable Care Act is having an adverse impact on job growth or the number of hours employees are working. … [S]ince the ACA became law, nearly 90 percent of the gain in employment has been in full-time positions.”

But the president of an influential union that supports Obamacare said the White House is wrong.

“It IS happening,” insisted Joseph Hansen, president of the United Food and Commercial Workers union, which has 1.2 million members. “Wait a year. You’ll see tremendous impact as workers have their hours reduced and their incomes reduced. The facts are already starting to show up. Their statistics, I think, are a little behind the time.”

In a letter to Democratic leaders on Capitol Hill, Hansen joined other labor chieftains in warning that the ACA as presently written could “destroy the foundation of the 40-hour work week that is the backbone of the middle class.”

NBC News spoke with almost 20 small businesses and other entities from Maine to California, and almost all said that because of the new law they’d be cutting back hours for some employees – an unintended consequence of the new law.”

Read more:

https://mail.google.com/mail/ca/?shva=1#inbox/14081e4e38ba3548

 

 

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Obama Obamacare create 110 part time jobs for every new full time job since March, Keith Hall former BLS chief, Employers cut back on workers hours, Fewer hours no insurance

Posted on August 5, 2013 | 131 comments

Obama Obamacare create 110 part time jobs for every new full time job since March, Keith Hall former BLS chief, Employers cut back on workers hours, Fewer hours no insurance

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

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

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

 

From the Atlanta Journal Constitution August 5, 2013.

“Welcome to the Obamcare economy. From McClatchy:

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

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

‘There’s been so much talk about the effects of Obamacare on part-time work,’ he said. ‘This is such an unusual thing to see.’ ”
By “so much talk,” Hall of course was referring to the numerous stories of employers that are cutting back on their workers’ hours to avoid qualifying for Obamacare’s mandate to provide health insurance for them. Just yesterday, the AJC reported on the various ways local employers are trying to cope with the looming mandate (subscription to MyAJC required for link), including the decision by AAA Parking to move 250 full-time workers to part-time status. Many of the Americans affected by these business decisions are, of course, the very people Obamacare was supposed to help.

In fact, we can get even more specific than the January-July numbers Hall outlined.

Looking at the BLS data, the number of Americans working part-time for economic reasons — i.e., not because they want to work part-time — hit a multi-year low in March. Since then, part-time jobs have accounted for a whopping 99.1 percent of all jobs created. Over the past four months, on a net basis, just 9,000 full-time jobs have been added in the entire United States.

That means there have been 110 part-time jobs created for every one full-time job since March.”

Read more:

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

131 Comments

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Obama BLS jobs data recap August 3, 2013, Fact vs fiction, Employment data rectified as in 1984, Orwellian wordsmithing or outright lies?, Labor force dropouts part time workers and food stamps reveal truth

Posted on August 3, 2013 | 58 comments

Obama BLS jobs data recap August 3, 2013, Fact vs fiction, Employment data rectified as in 1984, Orwellian wordsmithing or outright lies?, Labor force dropouts part time workers and food stamps reveal truth

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

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

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

 

 

You are being lied to.

Don’t take my word for it.

Look it up.

This past week, we received the usual Orwellian reporting on jobs, unemployment rate, initial claims and the economy.

This Market Watch heading was typical.

“Payrolls disappoint,
but unemployment falls.”

No mention of the one month drop in the Labor Force Participation Rate or the huge drop since Obama took the White House in January 2009.

On Thursday the BLS reported initial claims were 326,000. No wonder. Think about it. Huge numbers have dropped out of the labor force.

And part time workers. You don’t have to fire them, just cut back on their hours.

From the BLS Employment Situation report for July 2013.
“Both the number of unemployed persons, at 11.5 million, and the unemployment rate, at 7.4 percent, edged down in July. Over the year, these measures were down by 1.2 million and 0.8 percentage point, respectively.”

“The civilian labor force participation rate was 63.4 percent in July, little changed over the month.”

“Among the marginally attached, there were 988,000 discouraged workers in July, up by 136,000 from a year earlier.”

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

The  Labor Force Participation Rate dropped .1 percent in July. That is significant.

The increase of 136,000 discouraged worker from 2012 is certainly significant.

So, do you believe that the unemployment rate is 7.4 percent and that the jobs situation has improved since Obama took office in January 2009?

                                                                               Jan 2009          July 2013
Labor Force
Participation Rate                                                 65.7                    63.4
Employment
Population Ratio                                                   60.6                    58.7
Could only find
part time work                                                    1,676,000   2,665,000
Not in Labor Force                                         81,293,000  88,560,000
Not in Labor Force
Want a Job Now                                                5,866,000    6,862,000
Not in labor force
Discouraged                                                         734,000         988,000

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July unemployment rate August 2, 2013, ADP jobs report in sync with BLS, Initial claims reflect labor force dropouts, NFIB Trimtabs SurePayroll reports minimal or decreased July hiring

Posted on August 2, 2013 | 38 comments

July unemployment rate August 2, 2013, ADP jobs report in sync with BLS, Initial claims reflect labor force dropouts, NFIB Trimtabs SurePayroll reports minimal or decreased July hiring

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

You are being lied to.

*** Update 8:30 AM ***

July unemployment rate 7.4 %

Total nonfarm payroll employment increased by 162,000.

***  Attention: Once again, the labor force dropped .1 % !!!  ***

Labor Force Participation Rate 63.4 %.

The US Labor Department will release the July 2013 unemployment rate in a few minutes.

Regardless of what the rate is, it will be misleading due to the record drop in the Labor Force Participation Rate and increase in part time workers.

This comes on the heels of two jobs reports this week.

Yesterday, the BLS reported initial claims of 321,000, the lowest in 5 years. This number is a reflection of a smaller labor force and a smaller number of full time workers.

The biggest suspect report came from ADP.

“ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 200,000 JOBS IN JULY

ROSELAND, N.J. – July 31, 2013 – Private-sector employment increased by 200,000 jobs from June to July, according to the July 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 provider of human capital management solutions, in collaboration with Moody’s Analytics. The report is derived from ADP’s actual payroll data and measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. June’s job gain was revised upward from 188,000 to 198,000.
July 2013 Report Highlights*

View the ADP National Employment Report Infograph at http://www.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 200,000

 By Company Size
 Small businesses: 82,000
o 1-19 employees 51,000
o 20-49 employees 31,000
 Medium businesses: 60,000
o 50-499 employees 60,000
 Large businesses: 57,000
o 500-999 employees 7,000
o 1,000+ employees 50,000”

Read more:

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

There are several problems with the ADP report.

From the ADP methodology:

“Automatic Data Processing, Inc. (ADP) has joined with Moody’s Analytics in order to use ADP’s large payroll data set to predict private-sector employment prior to the release of the CES report.”

Read it for yourself.

SWAG may be too kind a word for this.

From NFIB, National Federation of Independent Business, July 31, 2013.
“NFIB Jobs Statement: Few Jobs and Poor Prospects”
“Chief economist for the National Federation of Independent Business (NFIB) William C. Dunkelberg, issued the following statement on July’s job numbers, based on NFIB’s monthly economic survey that will be released on Tuesday, August 13th. The survey was conducted in July and reflects the responses of 1,615 sampled NFIB members: graph

“July was another slow month for jobs among NFIB’s 350,000 owners, with the average increase in employment coming in at a negative 0.11 workers per firm, the third negative monthly reading in a row.”

http://www.nfib.com/press-media/press-media-item?cmsid=63483

From CNBC July 31, 2013.

“Big jobs number coming? Data firm TrimTabs says just 23,000”

“Before anyone gets too excited about job prospects for July, a data firm is reporting that payroll growth was much slower than expected.

TrimTabs estimated Wednesday that employment slowed to a trickle, with just 23,000 positions added for the month.”

“In June, the Bureau of Labor Statistics said the economy added 195,000, while TrimTabs put the number at a relatively close 182,000. In May, though, the disparity was far greater, with the government asserting 195,000 while TrimTabs estimated 135,000.”

“TrimTabs isn’t the only outfit with a dim view of July jobs, though.

Small-business payroll firm SurePayroll said hiring actually decreased 0.1 percent for the month.”

Read more:

http://www.cnbc.com/id/100928017

In case you have forgotten.

From the BLS, Bureau of Labor Statistics, March 22, 2013.
“Mass Layoffs Data Discontinued |
On March 1, 2013, President Obama ordered into effect the across-the-board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all “measuring green jobs” products. The final release of Mass Layoffs Statistics data will occur on June 21st, with publication of the May 2013 data.”

Welcome to the age of Big Brother.

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

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Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

Posted on August 1, 2013 | 8 comments

Greensboro NC metro unemployment rate 9.7 percent and better?, Berkshire Hathaway owned News Record article, Labor force dropped .7 percent from 2012

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“The NC Labor Force Participation Rate plummeted 1.2 percent from Jan to June 2013.”...Citizen Wells

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

You are being lied to.

Before I chastise and correct the national media and the misleading ADP jobs report from yesterday and misleading BLS initial claims report from this morning, I am compelled to address the jobs reporting in NC first.

From the Greensboro News Record July 31, 2013.

“Area unemployment rate shows some improvement”

“The unemployment rate in the Greensboro-High Point metro area continued to improve steadily in June to 9.7 percent compared with 10.4 percent in June 2012, according to state figures.

But 0.7 percentage points is only a moderate improvement in the employment picture and not a dramatic step towards full recovery, said economist Andrew Brod, a senior research fellow at UNCG.

“Given how weak this recovery is, that’s great, but it’s sort of damning with faint praise,” Brod said.”

“Continuing claims for unemployment spiked 52 percent from 84,699 for the week ending June 29 to 128,739 for the week ending July 6.

The increase of 44,040 continuing claims is the largest in North Carolina in more than a decade, said David C. Ribar, an economics professor at UNCG.

The figure represents the number of people who have not dropped out of the system because they are still eligible for benefits or they haven’t found jobs.

But the spike had a simple explanation, said Larry Parker, a spokesman for the state division: Thousands of people who lost their benefits on July 1 continued to file for them out of habit.”

Read more:

http://www.news-record.com/news/article_8e9c55fc-f927-11e2-ae70-001a4bcf6878.html

In fairness to the News Record, they did not paint a completely rosy picture.

And 9.7 % unemployment is nothing to shout about.

But the article stated that unemployment had dropped .7 percent from 2012.

What the article did not mention is the fact that the Labor Force Participation Rate in NC dropped .7 percent as well.

Look it up.

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

8 Comments

Posted in 1984, Citizen News, Citizens for the truth about Obama, CitizenWells, Economy, Employment, Jobs, NC, News, Newspapers, North Carolina, Orwell, Unemployment

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Wall Street chumps believe jobs numbers, Market Watch chumps article, Media and financial sites mislead investors, US Labor Dept BLS numbers reveal horrible jobs situation

Posted on July 29, 2013 | 90 comments

Wall Street chumps believe jobs numbers, Market Watch chumps article, Media and financial sites mislead investors, US Labor Dept BLS numbers reveal horrible jobs situation

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

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

 

From Market Watch July 29, 2013.

WCFieldssucker

“Never give a sucker an even break or smarten up a chump”
— W.C. Fields in You Can’t Cheat an Honest Man

“On Wall Street, business as usual thrives on investor ignorance. It is not in its interest to have more astute clients.”

http://www.marketwatch.com/story/10-ways-wall-street-played-you-for-a-chump-2013-07-29

No mention of the real jobs situation in this country.

Market Watch, financial sites and the media in general are playing investors for chumps.

From Market Watch July 28, 2013.

“Half full or half empty? Jobs and GDP differ
Economy improving by one measure, slowing by another”

“GDP says U.S. growth is subpar, but the monthly jobs report suggests the economy is on the upswing. What’s an investor to do?

Put a bit more trust in the forward-looking employment figures. More people working means more jobs are available, more cash is going to consumers, more money is being spent — and more companies are hiring to keep up with demand.

The headline number on gross domestic product, by contrast, looks at growth through the rear-view mirror and often paints a misleading picture of the economy. A high growth rate could be the result of one-time factors soon to fade; a low GDP reading could mask the economy’s true strength.”

http://www.marketwatch.com/story/half-full-or-half-empty-jobs-and-gdp-differ-2013-07-28

The GDP numbers are more accurate and do match the real jobs situation.

The May uptick notwithstanding, the gradual downward trend in the headline jobless rate belies the magnitude of the issue. A much larger number of workers are still struggling to find full-time employment, settling on part-time work to make ends meet. That broader measure of joblessness (the so-called U-6 number) ticked fractionally lower, but remains elevated at 13.8%.”…Jim Baird, Plante Moran Financial Advisors

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

The U-6 number was 14.3 percent for June 2013.

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Obama speech lies at Knox College July 24, 2013, Obama et al have harmed families with job losses part time jobs rising health care costs higher gas and heating oil

Posted on July 24, 2013 | 31 comments

Obama speech lies at Knox College July 24, 2013, Obama et al have harmed families with job losses part time jobs rising health care costs higher gas and heating oil

“The Patient Protection and Affordable Care Act (PPACA)[1] imposes numerous tax hikes that transfer more than $500 billion over 10 years—and more in the future—from hardworking American families and businesses to Congress for spending on new entitlements and subsidies. In addition, higher tax rates on working and investing will discourage economic growth both now and in the future, further lowering the standard of living.”…Heritage Foundation

“However … health insurance rates and benefit coverage plan costs have continued to increase. As a result of those increases, county employees have experienced a pay decrease that has grown larger each year.”…Guilford County Interim Manager Sharisse Fuller

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

Barack Obama gave a speech at Knox College in Galesburg, IL today July 24, 2013.

How do we know that he was lying?

His lips were moving.

Here are a few of those lies.

“Add it all up, and over the past 40 months, our businesses have created 7.2 million new jobs.  This year, we are off to our strongest private-sector job growth since 1999.”

“We’re about to produce more of our own oil than we buy from abroad for the first time in nearly 20 years.  The cost of health care is growing at its slowest rate in 50 years.  And our deficits are falling at the fastest rate in 60 years.”

“Health care costs are slowing, but many working families haven’t seen the savings yet.”

“Or they’ll bring up Obamacare, despite the fact that our businesses have created nearly twice as many jobs in this recovery as they had at the same point in the last recovery, when there was no Obamacare.”

“We’ll also keep pushing new efforts to train workers for changing jobs. Here in Galesburg, many of the workers laid off at Maytag chose to enroll in retraining programs like the ones at Carl Sandburg College.  And while it didn’t pay off for everyone, many who retrained found jobs that suited them even better and paid even more.”

“Just last week, New York announced that premiums for consumers who buy their insurance in these online marketplaces will be at least 50% less than what they pay today.  That’s right – folks’ premiums in the individual market will drop by 50%. ”

Read more:

http://www.businessinsider.com/obama-speech-economy-knox-college-full-text-2013-7#ixzz2Zzl6bSOM

Platitudes, lies and class warfare.

No surprises.

Let’s begin with jobs and the real story.

Even though we know that the US labor Dept., BLS, has been using voodoo equations to arrive at their unemployment data, the data that has been provided and mostly not reported is scary enough.

From the BLS.

“Commissioners
Keith Hall
January 2008–January 2012″
“Dr. Keith Hall received his Bachelor of Arts degree in Economics from the University of Virginia and M.S. and Ph.D. in Economics from Purdue University. Prior to his government service, Dr. Hall was a full time-faculty member in the economics departments at the Universities of Arkansas and Missouri. He published a number of papers on international trade.
Dr. Hall had over 20 years of federal service with the Department of the Treasury, the International Trade Commission, the Department of Commerce, the Executive Office of the President, and BLS. Prior to becoming BLS Commissioner, he served as Chief Economist for the White House Council of Economic Advisers, where he analyzed a broad range of fiscal, regulatory and macroeconomic policies and directed a team that monitored the state of the economy and developed economic forecasts.”

http://www.bls.gov/bls/history/commissioners/hall.htm

From the NY Post July 18, 2013.

“Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe.
And he should know.
Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate.
“Right now [it’s] misleadingly low,” says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent.
The fly in the ointment is the BLS employment-to-population ratio, which is currently at 58.7 percent. “It’s lower than it was when the recession ended. I think that’s a remarkable statistic,” says Hall, a senior research fellow at the Mercatus Center at George Mason University in Fairfax, Va.
That level tells Hall the real unemployment rate is actually about 3 percentage points higher than the BLS number. If the jobless rate is unacceptable at 7.6 percent, it’d be shockingly bad if he is right and the true rate is 10.6 percent.”

“Hall reckons there are millions of U-6 people on top of the 4.5 million long-term unemployed.”

““This has been a very slow, very bad recovery,” he says. “And I think the numbers have really struggled as a result. In fact, I’ve been very disappointed in the coverage of the numbers.””

http://www.nypost.com/p/news/business/bls_number_is_bs_jaKS2Nc8Yu2TrnETK2bXEM

The NY Times reported on the 13.8 % U6 number on April 19, 2013.

Wanting More Work

About 7.6 million Americans working part-time jobs are doing so reluctantly, and would rather have a full-time job. People stuck in such positions are one reason a broader measure of unemployment — which includes reluctant part-timers as well as people without a job who have looked for work in the past year, but not in the last four weeks — is so much higher than the standard jobless rate, which stands at 7.6 percent. Related Article »

http://www.nytimes.com/interactive/2013/04/19/business/Wanting-More-Work.html?ref=unemployment&_r=1&

The June 2013 U6 number from the BLS is 14.3 %.

The unemployment rate for blacks, which was 7.9 % when the Democrats took control of both houses of congress in January 2007, has risen 1 percent since Obama took the White House and is currently 13.7 percent.

The unemployment rate in Illinois in June was 9.2 percent, the second highest in the US.

Obamacare, far from reducing health care costs, has significantly impacted the cost of family and student health care and impacted jobs.

From Citizen Wells September 26, 2012.

“A Young America’s Foundation activist forwarded an email from the Vice President for Finance at his school, Guilford College (Greensboro, NC), informing him that, “For the 2012-13 academic year, the annual cost of the student health insurance is increasing from $668 to $1,179. This insurance premium has been charged to your student account.”

Why the increase? “Our student health insurance policy premium has been substantially increased due to changes required by federal regulations issued on March 16, 2012 under the Affordable Care Act.”

“Guilford joins a long list of colleges raising their premiums. Virtually all current student insurance plans do not meet ObamaCare’s mandates, and Forbes reports colleges have been forced to drop their plans or raise their premiums rates as much as 1,112% (and no, that’s not a typo).”

“Lenoir-Rhyne University (Hickory, NC) raised theirs from $245 to $2,507″

“During his first run for president, Barack Obama made one very specific promise to voters: He would cut health insurance premiums for families by $2,500, and do so in his first term.

But it turns out that family premiums have increased by more than $3,000 since Obama’s vow, according to the latest annual Kaiser Family Foundation employee health benefits survey.

Premiums for employer-provided family coverage rose $3,065 — 24% — from 2008 to 2012, the Kaiser survey found. Even if you start counting in 2009, premiums have climbed $2,370.

What’s more, premiums climbed faster in Obama’s four years than they did in the previous four under President Bush, the survey data show.”

https://citizenwells.wordpress.com/2012/09/26/health-premiums-up-3000-obama-promised-2500-cut-student-health-care-doubles-triples-and-more-obamacare-another-obama-lie-kaiser-survey/

 

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

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NC unemployment rate 8.8 percent?, Unchanged?, Labor Force Participation and percent of population drop .2 percent!!, Labor force and percent of population employed plummet from Jan to June

Posted on July 19, 2013 | 46 comments

NC unemployment rate 8.8 percent?, Unchanged?, Labor Force Participation and percent of population drop .2 percent!!, Labor force and percent of population employed plummet from Jan to June

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“The NC Labor Force Participation Rate plummeted 1.2 percent from Jan to June 2013.”...Citizen Wells

 

 

You are being lied to.

The media headlines state that the NC unemployment rate remained unchanged in June 2013.

They omit the fact that both the Labor Force Participation Rate and Employment to Population Rates both dropped .2 percent in June.

From the NC Employment Security Commission June 19, 2013.

“The state’s seasonally adjusted June unemployment rate was 8.8 percent, remaining unchanged from May’s revised rate. The national rate also remained unchanged at 7.6 percent.
North Carolina’s June 2013 unemployment rate was 0.8 of a percentage point lower than a year ago. The number of people employed decreased 10,958 over the month to 4,292,497, and increased 29,341 over the year. The number
of people unemployed increased 596 over the month to 416,767, and declined 33,782 over the year.”

The labor force and unemployment estimates are based on the same concepts and definitions as those used for the official national estimates obtained from the Current Population Survey (CPS), a sample survey of households that is conducted for the Bureau of Labor Statistics (BLS) by the U.S. Census Bureau. The LAUS program measures employment and unemployment on a place-of-residence basis. The universe for each is the civilian noninstitutional population 16 years of age and over. Employed persons are those who did any work at all for pay or profit in the reference week (the week including the 12th of the month) or worked 15 hours or more without pay in a family business or farm, plus those not working who had a job from which they were temporarily absent,
whether or not paid, for such reasons as bad weather, labor-management dispute, illness, or vacation. Unemployed persons are those who were not employed during the reference week (based on the definition above), had actively looked for a job sometime in the 4-week period ending with the reference week, and were currently available for work; persons on lay-off expecting recall need not be looking for work to be counted as unemployed. The labor force is the sum of employed and unemployed persons. The unemployment rate is the number of unemployed as a percent of the labor force.”

Read more:

http://www.ncesc1.com/PMI/Rates/PressReleases/State/NR_June_2013_StRate_M.pdf

Here is the real story.

Not included in the above report which presents a favorable employment picture over 2012.

From Jan 2013 to June 2013.

The Labor Force Participation rate plummeted 1.2 percent!

The Employment to Population Rate plummeted .7 percent!

Don’t take my word for it. Look it up here.

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

 

 

 

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

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June unemployment rate 7.6 percent?, Labor force participation rate down .3 percent past year, Part time workers up 322K, Discouraged workers up 206K over year, Employment up 195K in June???

Posted on July 5, 2013 | 85 comments

June unemployment rate 7.6 percent?, Labor force participation rate down  .3 percent past year, Part time workers up 322K, Discouraged workers up 206K over year, Employment up 195K in June???

“North Carolina’s unemployment rate fell for the fourth consecutive month in May to 8.8 percent, but the slight drop was largely due to a shrinking labor force rather than the creation of new jobs, economists said.”…Raleigh News Observer June 21, 2013

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

 

From the US Labor Department July 5, 2013.

“THE EMPLOYMENT SITUATION — JUNE 2013
Total nonfarm payroll employment increased by 195,000 in June, and the
unemployment rate was unchanged at 7.6 percent, the U.S. Bureau of
Labor Statistics reported today. Employment rose in leisure and
hospitality, professional and business services, retail trade, health
care, and financial activities.

Household Survey Data

The number of unemployed persons, at 11.8 million, and the unemployment
rate, at 7.6 percent, were unchanged in June. Both measures have shown
little change since February. (See table A-1.)

Among the major worker groups, the unemployment rate for adult women
(6.8 percent) edged up in June, while the rates for adult men (7.0
percent), teenagers (24.0 percent), whites (6.6 percent), blacks (13.7
percent), and Hispanics (9.1 percent) showed little or no change. The
jobless rate for Asians was 5.0 percent (not seasonally adjusted), down
from 6.3 percent a year earlier. (See tables A-1, A-2, and A-3.)

In June, the number of long-term unemployed (those jobless for 27 weeks
or more) was essentially unchanged at 4.3 million. These individuals
accounted for 36.7 percent of the unemployed. Over the past 12 months,
the number of long-term unemployed has declined by 1.0 million. (See
table A-12.)

The civilian labor force participation rate, at 63.5 percent, and the
employment-population ratio, at 58.7 percent, changed little in June.
Over the year, the labor force participation rate is down by 0.3
percentage point. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) increased by 322,000 to 8.2
million in June. These individuals were working part time because their
hours had been cut back or because they were unable to find a full-time
job. (See table A-8.)

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

Among the marginally attached, there were 1.0 million discouraged
workers in June, an increase of 206,000 from a year earlier. (The data
are not seasonally adjusted.) Discouraged workers are persons not
currently looking for work because they believe no jobs are available
for them. The remaining 1.6 million persons marginally attached to the
labor force in June had not searched for work for reasons such as
school attendance or family responsibilities.”

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

You are being lied to and misled by the Obama Administration and mainstream media. Examine the numbers for yourself.

From Citizen Wells July 3, 2013.

Here is the report from the NC ESC, Employment Security Commission.

“Unemployment rates (not seasonally adjusted) increased in 87 of North Carolina’s counties in May, decreased in 12 and remained the same in one. All 14 of the State’s metro areas experienced rate increases.”

http://www.ncesc1.com/PMI/Rates/PressReleases/County/NR_May2013_County_M.pdf

Compare the ESC report to the News Record article.

It appears to me and another well informed gentleman that I know, that since Warren Buffett’s Berkshire Hathaway purchased the News Record,  the reporting on jobs and the economy has been watered down.

From Citizen Wells June 29, 2013.

“The labor force participation rate in NC fell .1 percent in May. That fully accounted for the .1 percent drop in the unemployment rate.

It gets worse.

The NC Labor Force Participation Rate dropped 1 percent from January to May 2013.

It gets worse.

The NC Labor Force Participation Rate dropped 3.7 percent since the Democrats took control of both US houses of congress in 2007.

It gets worse.

The NC Employment to population rate dropped 6.1 percent since the Democrats took control of both US houses of congress in 2007.”

https://citizenwells.wordpress.com/2013/07/03/nc-unemployment-rates-increase-in-87-counties-all-14-nc-metro-areas-increased-unemployment-july-2-2013-greensboro-high-point-metro-unemployment-rate-9-4-percent-in-may/

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

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