Job Numbers Are Propaganda

The job numbers are designed to disguise a damaged economy. We often remind you on this blog not to trust the job numbers. Nothing has changed with the new report last week. CNS News reports, “Labor Force Participation Remains at 38-Year Low; 94,513,000 Not in Labor Force; Unemployment Ticks Down to 5.0%.” The number of Americans not in the labor force last month totaled 94,513,000 — a slight improvement from the 94,610,000 not in the labor force in September–but the labor force participation Read more […]

All Women’s Employment Gains Were from Foreigners since 2007

Women’s employment has fallen much worse than people realize since the recession but immigrant women are gaining jobs. We have reported before on this blog about how women have been especially suffering in the Obama economy. If one blames George Bush for the 2007 recession (which I believe is a completely legitimate verdict) then we can allow him to share some responsibility for the problem. But it is indisputable that labor participation for women has been a disaster since 2007, which is why Read more […]

Once Again, Labor Force Participation Rate Sinks to Record Low

More people are not part of the labor force than has ever been the case since 1977. Why do we keep blogging about this story in 2012, 2013, 2014, and now? Because the labor force participation rate keeps getting worse! In fact, according to this chart from Zero Hedge, the trend line has been steadily getting worse since the middle of Bush’s first term. No, not George W. Bush! I’m referring to the one-term presidency of George Herbert Walker Bush (see the lower chart). In order to Read more […]

Maybe We Shouldn’t Be Allowed to Give Up

People want to give up but they don’t want to give up eating, shelter, or the use of their iPhones. Here’s a grim headline from the Examiner: “Giving up: 40% women, 28% men, 39% youth don’t want a job.” According to the Bureau of Labor Statistics, the largest group of people not in the labor force are those who don’t want a job, a remarkable statement on the nation’s work ethic. The federal job counter said that 85.9 million adults last month didn’t want a job, or 93 percent Read more […]

Regime Unemployment Number Is Meaningless

You’re going to hear a lot of cheerleading this weekend about the unemployment number dropping to the lowest since 2008. Sorry to be a wet-blanket (for your information, my daughter tells me people read my writing to get depressed), but it all comes down to how the number is (mis-)calculated today. Yeah, we have a low “unemployment” figure, but add in all of the people who are actually unemployed, and it would be an entirely different story. Huh? [See also, “5 Million Missing from the Read more […]

Over 7 Million Have Left Workforce During Barack Obama’s Reign

Isn’t it time for the President to suddenly declare, as if he had never said it before, that jobs are his number one priority for the next two or three seconds? The numbers came out today, provoking a response from Senator Jeff Sessions: “Today’s jobs numbers are only enough to tread even with population growth, maintaining unemployment at 6.3 percent. When you include discouraged workers, the unemployment rate doubles to an alarming 12.2 percent. There are still 3.2 million fewer full-time Read more […]

More Healthy Adult Males Not Working Than Ever Before In Recorded American History

Many of you reading this blog have jobs. Probably many of you work for companies that have many employees. For those of you who fit this description, imagine four of your co-workers. Now, for you and those four coworkers, imagine one jobless man ranging anywhere in age from 25 to 54. Now for every other group of five workers in your workplace imagine another jobless man in the prime of his life. That’s current American reality. According to the Weekly Standard Republicans on the Senate Budget Read more […]

5 Million Missing From the Labor Force

This CNBC article purports to show how complicated it can be to try to figure out what job numbers mean. Much of it depends on how many left the labor force “voluntarily” and how many would like to look for a job if they thought there was any chance of success in doing so. The article shows that the official unemployment rate is a rather meaningless figure. It leaves out many unemployed people because they are not officially looking for work. Shierholz estimates that there are currently more Read more […]

Why Is Government Deliberately Pacifying The Poor And Punishing Real Work?

Zero Hedge produced a couple of eye-opening charts, showing the “welfare cliffs” that make it tempting to not work and the dramatic fall in the labor participation rate among men. You should take a look at them. It substantiates a point Zero Hedge made awhile back: We realize that this is a painful topic in a country in which the issue of welfare benefits, and cutting (or not) the spending side of the fiscal cliff, have become the two most sensitive social topics. Alas, none of that changes Read more […]