Category Archives: US economy

US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

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

“The Labor Force Participation Rate in NC has dropped 1.6 percent in 2013.”…Citizen Wells

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

 

 

 

 

I have tried to report the reality of the economy and jobs situation in the US and my home state of NC.

Even though I write about and comment about politicians, I am pretty much apolitical.

After all, what happens in this country is about people, their families and their lives.

I was touched recently by this ad in Craigslist.

“IM LOOKING FOR SOMEONE TO TAKE OVER PAYMENTS ON MY WHITE 2008 KIA SPECTRA. THE PAYMENTS ARE AROUND $225 PER MONTH. IT IS IN GOOD CONDITION WITH AROUND 80,000 MILES ON IT. I RECENTLY LOST MY JOB AND CAN NO LONGER MAKE PAYMENTS. MAKE A REASONABLE OFFER AND IT IS YOURS!”

This is not a statistic.

It is a real person who has lost a job.

I know and I am certain that you know people who have been affected by the job market and economy.

From Citizen Wells September 20, 2013.

The article from Independent Review Journal, in a series of graphs, paints a picture of the true state of the economy and the changes in the past 5 years.

  • There are 12.6 percent more part time jobs and 4.6 percent fewer full time jobs.
  • Even with part time workers being counted the stated unemployment rate is 7.3 percent instead of 5 percent.
  • The labor force participation rate has plummeted 3 percent.
  • The average length of unemployment has risen from 17.7 weeks to 37 weeks.
  • Median household income has dropped $ 5,000.

Read more:

https://citizenwells.wordpress.com/2013/09/20/us-economy-healthy-obama-democrat-economic-policies-helped-12-6-more-part-time-jobs-high-unemployment-labor-force-plummeted-average-length-of-unemployment-more-than-double-median-household-in/

I would like to thank Zero Hedge for this article.

“What Bernanke Did”

“What Ben Bernanke did by not Tapering was expose the fragility of the US economy for all to see. His actions, Mises Institute’s Peter Klein explains in this brief clip, based on the premise that the US economy was not capable of sustaining any reduction in the $85 billion per month stimulus free-money, means once again “the economy is so dependent on artificial stimulation from the central bank… that the economy is in another artificial boom just like the artificial boom we have been trying to get out of.” Critically, for all those proclaiming the US as a “cleanest shirt,” Bernanke proved them wrong (and exposed the fallacy of data such as the unemployment rate and jobless claims as having any value – as we have explained).”

Read more:

http://www.zerohedge.com/news/2013-09-21/what-bernanke-did

 

 

Obama Syria attack diverts attention from economy Obamacare Obama problems, Rush Limbaugh quotes Yossef Bodansky, What if Bashar didn’t do it?

Obama Syria attack diverts attention from economy Obamacare Obama problems, Rush Limbaugh quotes Yossef Bodansky, What If Bashar Didn’t Do It?

“I do not believe John Kerry is fit to be commander in chief of the armed forces of the United States. This is not a political issue. It is a matter of his judgement, truthfulness, reliability, loyalty, and trust–all absolute tenets of command.”…REAR ADMIRAL ROY F. HOFFMAN, USN (RETIRED)

“Testimony from victims strongly suggests it was the rebels, not the Syrian government, that used Sarin nerve gas during a recent incident in the revolution-wracked nation, a senior U.N. diplomat said Monday.

Carla del Ponte, a member of the U.N. Independent International Commission of Inquiry on Syria, told Swiss TV there were “strong, concrete suspicions but not yet incontrovertible proof,” that rebels seeking to oust Syrian strongman Bashar al-Assad had used the nerve agent.

But she said her panel had not yet seen any evidence of Syrian government forces using chemical weapons, according to the BBC, but she added that more investigation was needed.”…Washington Times, May 6, 2013

 
“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”…Abraham Lincoln

I do not trust Obama.

Why should I?

Obama has plenty of reasons to divert attention away from his issues and administration.

Not the least of which is the economy and impact of Obamacare.

You can only fudge the numbers so long.

This alone is reason enough for Obama to push for a Syria attack.

But remember, Obama stated that he would stand with the Muslims.

“I will stand with the Muslims should the political winds shift in an ugly direction.”

I listened to Rush Limbaugh yesterday.

From the Rush Limbaugh transcripts September 3, 2013.

“Bodansky: What If Bashar Didn’t Do It?”

“RUSH: All right. So here’s the deal.  Last week, Obama reverses himself and says that he’s not gonna go into Syria.  Remember, they’re using nerve gas.  John Kerry goes out there, 1,500 people, 2,400 people, a lot of kids, nerve gas, sarin gas, got the proof.  Look, I’m gonna get into all the hypocrisy.  Yes, Kerry dining with Bashar back in 2009 and talking about what a great guy Bashar was. The bottom line is this administration is as incompetent as Jimmy Carter.  There’s only one difference.  If there were anybody else running this administration right now, this would be reported as incompetent and as buffoonish and as frightening at Jimmy Carter’s.

This is Jimmy Carter’s second term here.  This is absolutely frightening what’s happening here.  Obama with this inadvertent, trying to make himself look like a tough guy, red line comment this past summer.  Well, the Syrians crossed the red line, so Obama’s obligated.  And late in the week last week, he said, “You know what?  I’m gonna go get congressional authority,” after maintaining he didn’t need it, maintaining he didn’t want it, maintaining he’s gonna be a tough guy, gonna act alone. He’s gonna save the people of Syria. He’s gonna make sure this Bashar guy gets what’s coming to him.

Then all of a sudden he switches gears we’re told after a walk Friday night on the White House grounds.  Yes.  He decided he’s gonna use congressional authority. He’s gonna go to Congress.  Now, when this announcement was made — ’cause this had been discussed.  I mean, the idea of congressional authority for use-of-force authorization had been discussed.  There had been test votes taken by virtue of interview.  At the time, there was no way Congress was gonna authorize it.  Didn’t stand a prayer, which Obama knew, which the point was to blame Republicans.  It was the Limbaugh Theorem in play.  Obama forget about it essentially.  The plan was change direction, reverse field, announce that he’s gonna go to Congress to get a use-of-force authorization, and then when the Republicans don’t give it to him, blame them for dead Syrians. ”

“You have here, ostensibly, Bashar al-Assad nerve gassing his own people.  Sarin gas.  Lurch told us. John Kerry.  He told us this Friday.  Obama’s got the red line drawn out there.  They crossed the red line.  Obama’s manhood is on the line.  Oh, my God, he’s a gotta huff and puff! He’s been huffing and puffing.  All of a sudden, “You know what?  To hell with it!  I’m gonna wait awhile.  I’m gonna wait on Congress.”

Wait a minute. People are dying, I thought.  He’s nerve gassing people!  He’s nerve gassing his own people, chemical weapons, weapons of mass destruction, and we’re gonna wait for Congress to get back?  We gotta wait a few days, rather than strike now? ‘Cause all we’re gonna do is we’re gonna have a, what, three-minute to five-hour strike, whatever it takes to show that…”

“What if Bashar didn’t do it?

Sit tight, ’cause I’ve got a story by a man whose credibility is intact and beyond repute.  His name is Yossef Bodansky. He “is an Israeli-American political scientist who served as Director of the Congressional Task Force on Terrorism and Unconventional Warfare of the US House of Representatives from 1988 to 2004. He is also Director of Research of the International Strategic Studies Association and has been a visiting scholar at Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS).”

“”There is a growing volume of new evidence from numerous sources in the Middle East — mostly affiliated with the Syrian opposition and its sponsors and supporters — which makes a very strong case, based on solid circumstantial evidence, that the August 21, 2013, chemical strike in the Damascus suburbs was indeed a pre-meditated provocation by the Syrian opposition. The extent of US foreknowledge of this provocation needs further investigation because available data puts the ‘horror’ of the Barack Obama White House in a different and disturbing light.”

This guy is not a kook, folks.  He’s not a nut.  He’s not an Internet Looney Toon, the guy writing this, Yossef Bodansky.  In fact, in reading further about this guy, Yossef Bodansky argued that the deception playing out right now in Syria is a deception similar to one used in Sarajevo in 1995 to provoke air strikes against the Serbs for the benefit of the Bosnian Muslims. ”

You must read more:!!!

http://www.rushlimbaugh.com/daily/2013/09/03/bodansky_what_if_bashar_didn_t_do_it

We didn’t attack Saddam Hussein when the following occurred.

“As early as April 1987, the Iraqis used chemical weapons to remove Kurds from their villages in northern Iraq during the Anfal campaign. It is estimated that chemical weapons were used on approximately 40 Kurdish villages, with the largest of these attacks occurring on March 16, 1988 against the Kurdish town of Halabja.

Beginning in the morning on March 16, 1988 and continuing all night, the Iraqis rained down volley after volley of bombs filled with a deadly mixture of mustard gas and nerve agents on Halabja. Immediate effects of the chemicals included blindness, vomiting, blisters, convulsions, and asphyxiation. Approximately 5,000 women, men, and children died within days of the attacks. Long-term effects included permanent blindness, cancer, and birth defects. An estimated 10,000 lived, but live daily with the disfigurement and sicknesses from the chemical weapons.

Saddam Hussein’s cousin, Ali Hassan al-Majid was directly in charge of the chemical attacks against the Kurds, earning him the epithet, “Chemical Ali.””

http://history1900s.about.com/od/saddamhussein/a/husseincrimes.htm

You have been informed at Citizen Wells about the real unemployment situation and economy.

Here is another example.

From Zero Hedge September 3, 2013.

“Unemployment At One Year High, Gallup Finds”

“Since lately it seems that the BLS’ sole mandate is to smooth and otherwise seasonally adjust noisy, incomplete employment data, even as the one part of employment that should not be rising – part-time jobs – continues to creep ever higher both seasonally adjusted and otherwise, it has become virtually impossible to get an accurate, unadjusted perspective of how the US labor force is truly doing. And with this Friday’s non-farm payroll report “the most important ever”, as every other month of course, this time because it will seal the fate of the taper (or won’t) depending if the data is bad enough, everyone is eager to get a sense of what is going on behind the scenes and how to position for Friday.”

“Which means that while the Gallup data is largely useless from a policy, or trading perspective, it is very useful in one key fashion: it shows that the US economy continues to deteriorate, and that increasingly more people have no jobs when stripping out the BLS’ favorite labor force participation adjustment gimmick.”

Read more:

http://www.zerohedge.com/news/2013-09-03/unemployment-one-year-high-gallup-finds

If you still don’t believe that Obama has motivation to divert attention away from the economy, Obamacare and his other issues, you had better wake up and start making plans to survive the real crisis that could develop.

Obama Obamacare part time job economy lowers household income, Sentier Research household income index June 2013 92.8, Dropped from over 98 when Obama took office

Obama Obamacare part time job economy lowers household income, Sentier Research household income index June 2013 92.8, Dropped from over 98 when Obama took office

“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

“Middle-class people who have never been out of work find themselves chronically unemployed and slipping into poverty.”…Greensboro News Record August 25, 2013

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

The truth about jobs, unemployment and the economy has been reported here.

You were warned not to believe the stated unemployment rate and the alleged improvement in the jobs situation and the economy.

You have been given the facts about the huge numbers of workers who have dropped out of the labor force since Obama took control of the White House in January of 2009.

The US Labor Force Participation Rate dropped 2.3 percent since Obama took control.

The NC Labor Force Participation Rate dropped 1.4 percent from January to July of 2013.

The huge increase in part time workers and jobs under Obama, in many cases directly attributable to the impact of Obamacare, is an underreported but very important story.

Remember, part time workers are counted as employed and improve the unemployment rate.

However, numbers do not lie.

Sooner or later the truth emerges and here is a good example.

From Sentier Research.

“The Household Income Index for June was 92.8”

“Our household income index permits monthly tracking of median annual household income before taxes. The index has been computed monthly beginning in January 2000. The base index value for January 2000 is 100.0. Each month the latest estimate of median household income is adjusted to reflect changes in prices since January 2000 and then seasonally adjusted to account for seasonal variations in the way households report their income in the monthly Current Population Survey (CPS). The median annual household income for each month is divided by the January 2000 median to compute the index.

Data have been compiled from each monthly CPS survey taken since January 2000 (as of June 2013, 162 surveys in total). Each of these surveys collected data for a nationally representative sample of more than 50,000 interviewed households and their members (approximately 130,000 per month). The survey collects the detailed information needed to determine the employment characteristics of all civilians age 16 years old and over and to compute the official unemployment rate. It also collects key demographic and social characteristics for all household members, including children.

Estimates of household income from the survey are based on a single question that asks respondents to report the total income received by the household during the 12-month period prior to the survey month. The definition of income used in the survey includes the following:

  • Wages and salary
  • Nonfarm self-employment income
  • Farm self-employment income
  • Social Security and Supplemental Security Income
  • Interest, dividends, net rental income, and royalties
  • Cash public assistance (federal and state)
  • Unemployment compensation and workers’ compensation
  • Retirement income from pensions, annuities, other retirement plans
  • Veterans’ pensions and compensation
  • Child support and alimony
  • Other cash income excluding capital gains or lump sum, one-time amounts”

Read more:

http://www.sentierresearch.com/HouseholdIncomeIndex.html

The Household Income Index was over 98 when Obama took office.

HouseholdIncomeIndex_UnemploymentRate_06_2013

The cost of Obamacare and Obama policies is taking its toll.

Obama hurts Coal production Americans and jobs, Climate change nonsense appeals to Obama’s core support from left, Jobs be damned, Obama et al agenda justifies means

Obama hurts Coal production Americans and jobs, Climate change nonsense appeals to Obama’s core support from left, Jobs be damned, Obama et al agenda justifies means

“if they want to build [coal plants], they can, but it will bankrupt them”…Barack Obama

 “Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”…Barack Obama 

“The end justifies the means, the template of the left.”…Citizen Wells

The common belief is that states like Wyoming and North Dakota have weathered the left wing socialist onslaught of Obama and the Democrats. Obama et al have done their best to negatively impact our oil and coal economies and therefore the overall economy and jobs.

North Dakota has the lowest unemployment rate at 3.2 percent and Wyoming, the top coal producing state, has an unemployment rate of 4.6 percent.

Obama, in an attempt to keep his core support, the left, has renewed his attempts to stifle coal production and use in this country, which will subsequently further cost Americans jobs.

From Fox News June 29, 2013.

“Coal-state Dems chisel away at Obama climate plan”

President Obama, in his weekly radio address, beseeched voters to get behind his climate change plan and punish politicians who don’t.

He may want to be careful what he asks for. Several of those lawmakers come from the president’s own party.

Coal-state Democrats have been as scathing as any Republican in reaction to the president’s plan, unveiled Tuesday in a speech at Georgetown University. The pushback was almost immediate, and a glaring signal of the trouble Obama may encounter as he charges ahead with new restrictions on coal-fired power plants.

Though Obama technically is going around Congress by having the Environmental Protection Agency impose the rules, moderate Democrats made clear they will pressure the administration from inside the party to scale back. They carry a simple message: The regulations will kill jobs, but working with the coal industry to improve its own clean-coal technology won’t.

West Virginia Democratic Sen. Joe Manchin, calling the president’s plan a “war on America,” delivered one of the most forceful rebuttals in an interview with Fox News.

“It’s just ridiculous. … I should not have to be sitting here as a U.S. senator, fighting my own president and fighting my own government,” he told Fox News. “I will continue to reach out, but I need a partner here. I don’t need an adversary.”

Manchin argued that the coal industry has the technology to reduce emissions. But he said the government, rather than work with the industry, is setting unattainable standards.

The cornerstone of Obama’s plan was a call for the first-ever regulations on emissions for existing power plants.

“Why is this economy going to be taking this hit? Why are jobs going to be lost, and they will be lost,” Manchin said. ”

Read more:

 http://www.foxnews.com/politics/2013/06/29/coal-state-dems-gird-for-battle-with-obama-over-climate-plan/#ixzz2XnU2NubX

Our problems with the economy and jobs did not start when Obama took office in January of 2009. The Democrats took control of both houses of congress in January 0f 2007.

Citizen Wells reported yesterday that the NC Employment to population rate dropped 6.1 percent since the Democrats took control of both US houses of congress in 2007.

Here are the Employment to population rates for the top 10 coal producing states for the same time period. This information may surprise you. It is definitely under reported.

Top 10 coal states    Drop in employment        Current
                      to population rate        Rate

Wyoming                5.2                      65 
West Virginia          3.1                      50.7
Kentucky               2.5                      56.8 
Pennsylvania           2.8                      59.1 
Texas                  2.2                      61
Montana                4.5                      60.4
Illinois               5.4                      59.7
Indiana                7.1                      57.2
North Dakota           2.2                      69.7
Ohio                   4.4                      59.1

These are scary numbers!

Is anyone in the mainstream media covering this?

Bernanke unemployment could hit 6.5 percent in 2014, Pigs could fly too?, 11.4 percent based on 2008 labor force participation, Real unemployment part time workers and no benefits

Bernanke unemployment could hit 6.5 percent in 2014, Pigs could fly too?, 11.4 percent based on 2008 labor force participation, Real unemployment part time workers and no benefits

“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

“Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report….The March report, which reported job gains of 158,000, was revised downward to 131,000 jobs.”...ADP May 1, 2013

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

Yesterday Ben Bernanke stated that unemployment could hit 6.5 percent in 2014.

Woulda, Coulda, Shoulda.

Recently Market Watch queried a group of economists. One of them,  James Pethokoukis, of the American Enterprise Institute, accurately stated:

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.”

So why are Ben Bernanke, the media, the Obama Administration and many in the financial community touting an improved jobs situation?

Bernanke said that unemployment could hit 6.5 percent in 2014.

I suppose that pigs could fly too. If given the proper stimulus.

Unemployment rate 11.4 percent based on 2008 labor force participation, Slowing in hiring and economy, Large number of workers struggle for full time work, U-6 number 13.8 percent

Unemployment rate 11.4 percent based on 2008 labor force participation, Slowing in hiring and economy, Large number of workers struggle for full time work, U-6 number 13.8 percent

“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

“Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report….The March report, which reported job gains of 158,000, was revised downward to 131,000 jobs.”...ADP May 1, 2013

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

I watched the financial markets yesterday salivate over the perceived employment picture. Once again, mostly ignoring the data.

From Market Watch June 7, 2013.

“• “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.

• “The report is inconclusive in its implications for monetary policy. We think the slowing in hiring and in the economy will concern everyone on the FOMC and the pace of jobs gains falls short of the 200k mark mentioned by some of the core members of the Committee. However, there will still be those for whom this is enough progress to step down the pace of purchases, and they are likely to continue to voice disparate views, adding volatility to markets and keeping uncertainty about policy high.” — Julia Coronado, BNP Paribas.

• “Immediate reaction: OK, but not overwhelming report. Going in the right direction, but not strongly. Report not strong enough to end QE3, Fed stays the course.” — Douglas Holtz-Eakin, American Action Forum, over Twitter.

• “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, over Twitter”

Read more:

http://www.marketwatch.com/story/ok-but-not-overwhelming-jobs-reactions-2013-06-07
“Why battle lines are drawn over the labor force participation rate”

“In discussions about this morning’s May unemployment report, the labor force participation rate will continue to get a lot of attention.

“The labor force participation rate is a way to measure when workers leave the workforce. The rate has been declining since 2000. It inched higher to 63.4% in May from 63.3% in April.

Experts say it has become a central issue simply because the drop defies easy explanation.

Some of the decline is demographics. As the Baby Boomers age, they participate less in the workforce. But other factors are at play. Workers under the age 25 are working less. And then there is a decline in participation among men of prime working age, particularly among minorities.

Economists have been fiercely debating the trend. Will it continue, and what are the reasons behind the drop?”

LaborForce2013

Read more:

http://blogs.marketwatch.com/election/2013/06/07/why-battle-lines-are-drawn-over-the-labor-force-participation-rate/

“what are the reasons behind the drop?”

Please!

Obama, et al.

May unemployment rate 7.6 percent, June 7, 2013, US Labor Dept, 175000 jobs added, Labor force participation rate 63.4 percent

May unemployment rate 7.6 percent, June 7, 2013, US Labor Dept, 175000 jobs added, Labor force participation rate 63.4 percent

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report….The March report, which reported job gains of 158,000, was revised downward to 131,000 jobs.”...ADP May 1, 2013

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

From ADP June 5, 2013.
“ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in May”
“Private sector employment increased by 135,000 jobs from April to May, according to the May ADP National Employment Report®, which is produced by ADP®, a leading provider of human capital management 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. April’s job gains were revised downward to 113,000 from 119,000.”

http://www.adp.com/media/press-releases/2013-press-releases/adp-national-employment-report-for-may-2013.aspx

From the US Labor Department June 7, 2013.

"THE EMPLOYMENT SITUATION -- MAY 2013

Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services
and drinking places, and retail trade.

Household Survey Data

Both the number of unemployed persons, at 11.8 million, and the unemployment rate, at 7.6 percent, were essentially unchanged in May. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.2 percent), adult women (6.5 percent), teenagers (24.5 percent), whites (6.7 percent), blacks (13.5 percent), and Hispanics (9.1 percent) showed little or no change in May. The
jobless rate for Asians was 4.3 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

In May, the number of long-term unemployed (those jobless for 27 weeks or more) was unchanged at 4.4 million. These individuals accounted for 37.3 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 rose by 420,000 to 155.7 million in May; however, the labor force participation rate was little changed at 63.4 percent. Over the year, the labor force participation rate has declined by 0.4 percentage point. The employment-population
ratio was unchanged in May at 58.6 percent and has shown little movement, on net, over the past year. (See table A-1.)"

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

US labor department BLS jobs data, May 2013, Cooking the books?, Unemployment report revised numbers, Job Openings and Labor Turnover Summary, Orwell 2 + 2 = 5

US labor department BLS jobs data, May 2013, Cooking the books?, Unemployment report revised numbers, Job Openings and Labor Turnover Summary, Orwell 2 + 2 = 5

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells

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

 

 

The US Labor Department BLS, Bureau of Labor Statistics, came out with 2 reports in May with their jobs and unemployment data. BLS reports on jobs and unemployment have long been suspect. A recent ADP report on private sector jobs added did not mesh well with the government reports.

The two BLS reports do not mesh well either.

From the BLS May 3, 2013.

“THE EMPLOYMENT SITUATION — APRIL 2013”

“The change in total nonfarm payroll employment for February was
revised from +268,000 to +332,000, and the change for March was
revised from +88,000 to +138,000. With these revisions, employment
gains in February and March combined were 114,000 higher than
previously reported.”

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

From the BLS May 7, 2013.

“Job Openings and Labor Turnover Summary”

“JOB OPENINGS AND LABOR TURNOVER – MARCH 2013”
Table A. Job openings, hires, and total separations by industry, seasonally adjusted
———————————————————————————————-
| Job openings              | Hires                            | Total separations
|————————————————————–
| Mar. | Feb. | Mar.     | Mar. | Feb.   | Mar. |    Mar. | Feb.   | Mar.
| 2012 | 2013 | 2013p| 2012 | 2013 | 2013p| 2012 | 2013 | 2013p
——————————-|————————————————————–
| Levels (in thousands)
|————————————————————–
|3,848 |3,899 |3,844 |4,435 |4,451 |4,259 |4,180 |4,180 |4,213
“Net Change in Employment

Large numbers of hires and separations occur every month throughout the business cycle. Net employment change results from the relationship between hires and separations. When the number of hires exceeds the number of separations, employment rises, even if the hires level is steady or declining.
Conversely, when the number of hires is less than the number of separations, employment declines, even if the hires level is steady or rising. Over the 12 months ending in March 2013, hires totaled 51.8 million and separations totaled 50.1 million, yielding a net employment gain of 1.7 million. These figures include workers who may have been hired and separated more than once during the year.”

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

The “p” stands for preliminary (decoder ring setting smoke & mirrors).

Using the BLS rules outlined above, the following calculations should yield the employment gains by month.

Feb 2013 hires                4,451,000

Minus

Feb 2013 separations   4,180,000

Feb job gains              271,000

Mar 2013 hires                4,259,000

Minus

Mar 2013 separations   4,213,000

Feb job gains                46,000

From the BLS above:

“The change in total nonfarm payroll employment for February was
revised from +268,000 to +332,000, and the change for March was
revised from +88,000 to +138,000.”

Huh?

Isn’t this what Orwell warned us about?

Markets rise on flawed data, ADP BLS Market Watch reports, Stated unemployment rate, Labor force participation rate, Part time work, Food stamps tell all

Markets rise on flawed data, ADP BLS Market Watch reports, Stated unemployment rate, Labor force participation rate, Part time work, Food stamps tell all

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“Since the Democrats took control of both houses of congress in January 2007, the number of people who could only find part time work has gone up 215 percent”…Citizen Wells

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

 

 

I have been reviewing employment data from ADP, BLS and a Market Watch report this morning. The stated unemployment rate, as most of you know, does not factor in the people who have dropped out of the work force and 2.8 percent have dropped out since Obama took office.

It also does not factor in the large increases in people who could only find part time work due to the economy and impact of Obamacare.

The ADP report of private sector jobs added does not match the BLS report. The Market Watch report echoes the BLS report and misrepresents the true unemployment rate:

“The acceleration in hiring nudged the unemployment rate down to 7.5% from 7.6% in March. That’s the lowest level since December 2008, the month before President Obama took office.”

The stock market has responded positively to this unrealistic data, much as it has this year.

I do not know how long the markets can be buoyed on false data, but numbers don’t lie.

20 percent, 1 in 5 Americans are on food stamps.

More details to come.

Rhino Times publishing ends after 21 years, Rhinoceros Times donations, Truth in print in NC, John Hammer printed truth about Obama and local officials

Rhino Times publishing ends after 21 years, Rhinoceros Times donations, Truth in print in NC, John Hammer printed truth about Obama and local officials

“The function of the press is very high. It is almost Holy.
It ought to serve as a forum for the people, through which
the people may know freely what is going on. To misstate or
suppress the news is a breach of trust.”…. Louis D. Brandeis

“Satan laughing with delight the day the music died”...Don McLean “American Pie”

“We must not let the truth die.”…Citizen Wells

 

The truth in print in NC.

I met with John Hammer of the Rhino Times this morning.

I am a long time reader and fan of the Rhino (Rhinoceros) Times, published in Greensboro, NC and with coverage of one of the larger metro areas in NC. Sadly, due to high debt brought on by the economy, the Rhino Times has been forced to shut down its publication.

The Rhino Times exposed the truth about local politicians and officials and John Hammer wrote the truth about Barack Obama.

From John Hammer of the Rhino Times April 30, 2013.

“It is with a great deal of sadness that I announce that the April 28 edition of The Rhinoceros Times now on the stands is the last.

I’d like to thank all of our readers for making a point of picking up The Rhino Times for the past 21 years and I wish we could continue to provide you with the news, opinion and humor every week that you have come to expect, but we have simply run out of money. Like a lot of small businesses, we took a huge hit in 2008, and although we have done everything we could think of, we simply can no longer pay our bills.

Newspapers got hit with the double whammy of the recession and increasing competition from the internet, and we join a long list of newspapers that have closed their doors.

I would especially like to thank our advertisers, some of whom have been advertising with us for over a decade. We appreciate their support. They are the ones who have been footing the bill for us to bring you The Rhino every week.

And I’d like to thank our employees.”

“We’ve had a really good run and are incredibly thankful for all the kindness our readers have shown us.

Not many people knew about this, but the few that had been told responded, “Is there anything I can do?” The answer is yes. The Rhinoceros Times is hundreds of thousands of dollars in debt. We need money to pay our creditors. I guarantee all the money raised will be used to pay debts. If you have been reading The Rhino from the beginning, that’s 21 years of free newspapers. We ask you to consider paying $1 for each of those years and sending us a check for $21 dollars. Of course, if you are moved to donate more, no amount is too large, and if you can’t afford $21 but want to send something, no amount is too small. Nickels, dimes and quarters will be graciously accepted. But we thought one dollar a year was not asking too much.

This would be a donation. It is not tax deductible and you won’t receive anything of value for it. But right now we are deep in a financial hole and every bit helps. If you would like to send a donation please send it to The Rhino Times, PO Box 9421, Greensboro, NC 27429. Thank you in advance.

And we’d like to add that The Rhino Times will continue to have a web presence for as long as possible.”

Read more:

http://greensboro.rhinotimes.com/Articles-Breaking-News-c-2013-04-30-215617.112113-Rhino-Says-Goodbye.html

The truth about Obama in print in NC.

Here are a few examples taken from John Hammer and reported here:

From Citizen Wells June 8, 2011.

From John Hammer and the Rhino Times April 28, 2011.

“It is strange that we have a president that the people of this country really know very little about.”
“Interesting, isn’t it? Even when it seems there appears to be a historical fact about Obama’s past, it turns out there is no documentation to back it up.”
“The question remains, why did Obama wait so long and spend so much money to keep his birth certificate from being made public.”

From John Hammer and the Rhino Times June 02, 2011.

“It is incredible that the mainstream media are still giving President
Barack Hussein Obama the protection that they are.”

“The mainstream media is so deep in his pocket that they don’t know
whether it is night or day but simply believe whatever Obama tells
them.”

“The mainstream media give Obama a pass on every stupid thing he says
or every lie he tells depending on how much you think Obama knows
about what is going on in the world. Obama said we were going to be in
Libya for days not weeks. How about months not years, or maybe he
meant to say years not decades.”

https://citizenwells.wordpress.com/2011/06/08/obamagate-obama-and-justice-department-abused-power-howard-coble-and-house-judiciary-committee-must-investigate-john-hammer-rhino-times/

From Citizen Wells March 10, 2012.

“John Hammer, Editor and Publisher of the Rhino (Rhinoceros) Times, is a good man. He is also a rare commodity these days. He has consistently put into print in NC articles that are critical of Barack Obama. I met with John last year and I was just thinking I should meet with him again about the possibility of a larger, real news organization. I finally got around to reading his latest opinions in “Under the Hammer.” I was pleased as usual but even more so because he quoted Illinois Pay to Play, a site that Citizen Wells has quoted and been quoted at. John Hammer, in print in North Carolina, the state that is hosting the Democrat Convention, has covered the Daniel Frawley $400,000 for Rezko to give to Obama.

From the Rhino Times March 08, 2012.

“Isn’t it funny what the mainstream media decides is news? According to the website Illinoispaytoplay.com, Obama has been implicated in the investigation of Obama’s good friend Tony Rezko, who has been convicted and sentenced to 10-and-a-half years for corruption involving, among others, Obama’s good friend former Illinois Gov. Rod Blagojevich, who was sentenced to 14 years in prison for corruption.”

https://citizenwells.wordpress.com/2012/03/10/obama-rezko-daniel-frawley-400000-reported-in-nc-by-john-hammer-rhino-times-fdic-lawsuit-against-mutual-bank-ties-obama-to-rezko-chicago-corruption/

From Citizen Wells June 17, 2012.

The results of the Sheriff Joe Arpaio investigation of Obama’s birth certificate, Selective Service Application and other records are beginning to surface and a news conference is expected soon. Press coverage, though often biased is increasing. It is good to see Obama questioned in print in NC.

From John Hammer of the Rhino Times June 14, 2012. 

“Finally some reporters are doing some investigation of the life of President Obama. The left has done a great job of making anyone who asks any questions about Obama’s past out to be crazy.

People who just wanted to see Obama’s birth certificate, not anymore than Obama would have to show if he wanted to play Little League baseball, are called “birthers” and are by definition the same folks who see black helicopters hovering over their houses every night. The left has done a remarkably good job of defining people who just wanted to see proof that Obama was born in the United States as nutcases. His Republican opponent in that last election, Sen. John McCain, went to court and proved that even though he was born in Panama, he met the definition of a “natural born citizen.” Obama facing the same challenge went to court and said that he didn’t have to prove that he was a “natural born citizen.”

As it turns out, people had good reason to ask that question about Obama, because for years Obama claimed to have been born in Kenya. He was listed as born in Kenya in his publisher’s biography. That was no doubt done to boost book sales, but it is either evidence that Obama was born in Kenya or evidence that he is not a very honest person. In some of the information about Obama when he was running for the Senate is information that Obama was born in Kenya. Once again it makes him seem more exotic and was supposed to win him more votes, and unless you’re running for president it doesn’t make any difference where you were born.”

https://citizenwells.wordpress.com/2012/06/17/obama-birth-certificate-and-kenya-birth-in-print-in-nc-rhino-times-john-hammer-obama-new-party-affiliation-sheriff-joe-arpaio-investigation/

Read some of the comments left for the Rhino Times.

This one is typical.

printemail

So Sorry to Hear That
April 30, 2013 | 11:55 AM

I counted on the Rhino to bring up the Real local news that is why I read it – you will be a missed source – back in the 80’s I was talking with a neighbor who told me that your paper was the only one that told the truth for the local scene I started reading that week

Lynn”

Check this one out.

The Importance of The Rhino
April 30, 2013 | 12:54 PM

The new of your paper folding saddens me deeply.
Community newspapers like The Rhino are what keep the politicians honest (well, sort of…), the schools on their toes to the benefit of our children and police departments ever vigilant lest a reporter be watching what they do.
I’m wondering if your community realizes the ramifications of The Rhino’s death? The beasts ever watchful eye will be closed, the consequence of the “Hammer” coming down on the mis-behaving will be silenced, the publcs right to know what the hell their elected officials are doing behind the scenes will be muted.
I have personally benefited from the glorious Rhino and their intrepid founders,John and Elaine Hammer. They took in this homeless reporter during the political corruption trial of John Edwards and out of the goodness of their hearts gave her a quiet place to write and a fuzzy cat to pet.
Please, everyone who reads this – send in a donation. Help the Hammers continue their good works on the internet.
They, like all dedicated journalists, work for you because they believe in their hearts YOU NEED TO KNOW.

Diane Dimond
Newsweek/TheDailyBeast.com

Diane Dimond”

Read more:

http://greensboro.rhinotimes.com/Articles-Breaking-News-c-2013-04-30-215617.112113-Rhino-Says-Goodbye.html

There is always a chance that enough funds can be raised to resurrect the Rhino Times.

Unlike newspapers in general, they depended solely on advertisers and printed the truth.

They had many loyal readers. There must be thousands and thousands out there. If you are one, please donate if you can.

Remember, this was the truth in print in NC.

Wells