Tag Archives | unemployment

80 percent of U.S. adults face near-poverty, unemployment

unemployment line. 1930's

Obama made his usual vague hopey changiness promises about the economy and offered nothing specific about poverty and unemployment. Nor will he. “Washington has taken its eye off the ball,” he said. Indeed they have. Inquiring minds want to know when DC politicians including Obama might start doing their jobs again.

Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

“There is the real possibility that white alienation will increase if steps are not taken to highlight and address inequality on a broad front,” Wilson said.

This raises the distinct possibility of serious social unrest.

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Ministry of Truth Doublethink. Unemployment drops while it rises!

Credit: Zero Hedge

Credit: Zero Hedge

Doublethink is the act of simultaneously accepting two mutually contradictory beliefs as correct,” as in there is more unemployment even though the unemployment rate is dropping.

Far fewer entered the workforce in March than expected while many more jobless officially became non-persons as they were dropped from being counted. The magic results of this is the unemployment rate actually dropped slightly. The 90 million Americans who are no longer looking for work and thus not included in jobless statistics will certainly be cheered by this. My wife and I call call these creative methods of counting the MSU Method, as in Making Sh*t Up.

Even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% – the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”

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Those magical unemployment numbers and the silence of liberals

The Snark of the Day Award goes to Zero Hedge for their take on the unemployment numbers.

The 0.4% perfectly unmanipulated and totally coincidental swing in the unemployment rate in an Obama favorable direction one month before the election came at a prime time moment for the market.

What’s more, the government revised unemployment numbers for previous months downwards too, apparently after stumbling across some key pieces of data they’d somehow overlooked before. Only conspiracy theory nutcases on the right and cranky lefties could find fault with the government’s diligence in insuring that unemployment numbers are squeaky clean, even if the downwards trend bizarrely occurred right before the election.

And of course, liberals who would have attacked GWBush releasing for such suspicious unemployment numbers are now resolutely mute since it is Obama who is doing it.

Let the charade continue!

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Unemployment lowest in the rural heartland

Eric Platt/Business Insider, Data: Bureau of Labor Statistics

This definitely contradicts the accepted wisdom  the cities are where the jobs are, doesn’t it? Most of the jobs in the rural heartland are due to the oil and gas drilling boom. North Dakota has unemployment of just 3.1% and some towns have no available housing so bring a camper.

More about low unemployment in the rural heartland at my latest on IVN.

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