US stated unemployment rate 7.9 percent, Labor force participation rate 63.6 percent, NC unemployment rate up, Berkshire Hathaway buys Greensboro News Record
“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
“Guilford (Large NC County) appears on it’s way to a third consecutive year with annual jobless rates in double digits. Economists say that likely hasn’t happened since the Great Depression.”…Greensboro News Record December 2, 2011
“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 Dept. February 1, 2013.
“Employment Situation Summary”
“Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Retail trade, construction, health care, and wholesale trade added jobs over the month.
Household Survey Data
The number of unemployed persons, at 12.3 million, was little changed in January. The unemployment rate was 7.9 percent and has been at or near that level since September 2012. (See table A-1.) (See the note and tables B and C for information about annual population adjustments to the household survey estimates.)
Among the major worker groups, the unemployment rates for adult men (7.3 percent), adult women (7.3 percent), teenagers (23.4 percent), whites (7.0 percent), blacks (13.8 percent), and Hispanics (9.7 percent) showed little or no change in January. The jobless rate for Asians was 6.5 percent (not seasonally adjusted), little changed from a year earlier.
(See tables A-1, A-2, and A-3.)
In January, the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.7 million and accounted for 38.1 percent of the unemployed. (See table A-12.)
Both the employment-population ratio (58.6 percent) and the civilian labor force participation rate (63.6 percent) were unchanged in January.”
http://www.bls.gov/news.release/empsit.nr0.htm
The Orwellian reporting of Obama and economic news is getting worse with no end in sight.
The Greensboro News Record has done a decent job of economic and jobs reporting over the past year.
However,
Warren Buffett’s Berkshire Hathaway just bought the Greensboro News Record.
“But Kroeger said BH Media likes the News & Record because it is the dominant source of information for the region, and that gives it an edge in attracting advertisers.
Kroeger said it’s important that the print newspaper is affordable and accessible to all readers, even in an economically troubled region.
But plenty of readers want their news by computer, smartphone and iPad. So, BH Media wants to deliver content to those people and earn money in the process.”
http://www.news-record.com/home/latestnews/673320-91/buffett-media-buys-news-
From the Greensboro News Record January 30, 2013 .
“Update: Jobless rate up slightly in Triad”
“The jobless rate for the Greensboro-High Point metro area was 9.6 percent in December, up from November’s figure of 9.2 percent.
The December rate was lower compared with December 2011, which had a jobless rate of 10.5 percent, according to figures the N.C. Department of Commerce released today.”
http://www.news-record.com/news/business/665883-92/update-jobless-rate-up-slightly
“up slightly”
Is that like slightly pregnant?
Actually, unemployment was up in 97 of 100 counties in NC!
From the Greensboro News Record February 1, 2013 .
“Greensboro area jobless rate drops, still high”
“No economist likes a 9.6 percent unemployment rate.
But December’s rate in the Greensboro/High Point Metro Area is nearly 1 percentage point lower than it was in December 2011, according to figures released Wednesday by the state Department of Commerce.
“That’s a terrible number, but it’s less terrible than a year ago,” said Andrew Brod, senior research fellow at the Center for Business and Economic Research at UNCG.”
“:jobless rate drops”
How many people read that and believed that it was reality?
Factor in the drop in the labor force participation rate in NC and it may not have dropped from a year ago.
George Orwell must be spinning in his grave.


Obama Hillary Clinton revealed, February 3, 2013, Truth in print in NC, Clinton testimony exposed, Obama stupid gun comment, Rhino Times Obama administration truth
Obama Hillary Clinton revealed, February 3, 2013, Truth in print in NC, Clinton testimony exposed, Obama stupid gun comment, Rhino Times Obama administration truth
“But Crowley and Obama had it wrong. the Post’s Glenn Kessler explained:
What did Obama say in the Rose Garden a day after the attack in Libya? ”No acts of terror will ever shake the resolve of this nation,” he said.
But he did not say “terrorism”—and it took the administration days to concede that that it an “act of terrorism” that appears unrelated to initial reports of anger at a video that defamed the prophet Muhammad.”…Washington Post Oct. 17, 2012
“The question that I had in my mind, was why did we not do something to protect our forces?”…Charles Woods, father of slain Navy Seal
“I will stand with the Muslims should the political winds shift in an ugly direction.”…Barack Obama
Yesterday it was reported here that Warren Buffett’s Berkshire Hathaway had just bought the Greensboro News Record. The impact of that transaction may have already resulted in biased wording. This will be watched closely and counteracted to the extent possible.
This makes the role of the Rhinoceros Times, also based in Greensboro, NC, even more important. It too is in print and on the internet.
From the Rhino Times January 31, 2013.
The senators who finally got Secretary of State Hillary Clinton to testify had a lot of fun speechifying instead of asking questions. Sen. Rand Paul made his point that Hillary Clinton should have been fired, but why didn’t any senator ask her the question that should have been at the top of the list — why didn’t she know what happened in Benghazi, if not while it was going on, shortly after?
The ambassador and three other State Department employees were killed, but most of the State Department employees who were there were still alive on Sept. 12 and are alive today. Does Hillary Clinton not know how to use a telephone? Why didn’t she simply call one of the survivors and ask what happened.
If she had she would have known that it was not a spontaneous attack caused by a video or by people out walking around who decided they wanted to kill Americans. Hillary Clinton may not know that few people bring mortars and heavy machine guns to spontaneous rallies or take them on walks, even in the Middle East, but if she had simply talked to some of the survivors she would have known that it was not a spontaneous demonstration.
Rand was right that Hillary Clinton should have been fired for dereliction of duty for not reading the emails from her ambassador in Libya, but what was worse is that, according to what Clinton said, she took no action to find out what did happen at the US compound in Benghazi and at the CIA compund where the ex-Navy Seals were killed.
For what possible reason did it take weeks for the US government to find out what happened? Why wasn’t the compound sealed off? Why did it take weeks for the State Department to send the FBI to the scene to investigate?”
, , ,
“A statement thet rivals Hillary Clintons in outrageousness is Obama’s statement about gun control legislation: “If it saves only one life, it is worth it.” That is so stupid it is hard to believe that Obama’s speech writers allowed him to utter that phrase.
Lowering the national speed limit to 45 mph would save thousands of lives. Putting a trauma center in every little town in this country and in every neighborhood in cities would likewise save thousands of lives. One of the major causes of death in homes is falls, particularly in the bathroom. Ladders and bathtubs have no constitutional protection. So if Obama outlawed ladders and bathtubs thousands of lives could be saved.”
I would provide a link to this article, but I could find none.
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Tagged 2013, Clinton testimony exposed, February 3, Obama Hillary Clinton revealed, Obama stupid gun comment, Rhino Times Obama administration truth, Truth in print in NC