US employment crisis, Layoffs initial claims pile up, Not recovered jobs lost during Obama administration, White Americans getting decimated, Jobs lies continue

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US employment crisis, Layoffs initial claims pile up, Not recovered jobs lost during Obama administration, White Americans getting decimated, Jobs lies continue

 

We have a employment crisis in this country.

Many jobs were lost just prior to Obama taking the White House.

However, many jobs have been lost during the Obama Administration and we are no where near recovering them.

A high percentage of jobs added were part time and lower wage ones.

Janet Yellen and the media have bragged about the current levels of initial claims.

But what does that data really mean?

From the US Labor Department BLS.

“What do the unemployment insurance (UI) figures measure?

Unemployment insurance (UI) programs are administered at the state level and provide assistance to jobless people who are looking for work. Statistics on the insured unemployed in the United States are collected as a by-product of state UI programs. Workers who lose their jobs may file applications to determine if they are eligible for UI assistance. These applications are referred to as “initial claims.” Claimants who meet the eligibility requirements must file “continuing claims” for each week that they seek benefits.

Data on initial and continuing UI claims are maintained by the Employment and Training Administration, an agency of the U.S. Department of Labor, and are available on the Internet at http://workforcesecurity.doleta.gov/unemploy/claims.asp.

While the UI claims data provide useful information, they are not used to measure total unemployment because they exclude several important groups. To begin with, not all workers are covered by UI programs. For example, self-employed workers, unpaid family workers, workers in certain not-for-profit organizations, and several other small (primarily seasonal) worker categories are not covered.

In addition, the insured unemployed exclude the following:

  1. Unemployed workers who have exhausted their benefits.
  2. Unemployed workers who have not yet earned benefit rights (such as new entrants or reentrants to the labor force).
  3. Disqualified workers whose unemployment is considered to have resulted from their own actions rather than from economic conditions; for example, a worker fired for misconduct on the job.
  4. Otherwise eligible unemployed persons who do not file for benefits.

Because of these and other limitations, statistics on insured unemployment cannot be used as a measure of total unemployment in the United States. Indeed, over the past decade, only about one-third of the total unemployed, on average, received regular UI benefits.”

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Did you get that that?

“only about one-third of the total unemployed, on average, received regular UI benefits.”

 

From Citizen News March 18, 2015.

“Transcript of Chair Yellen’s FOMC Press Conference Opening Statement March 18, 2015.

“We have seen continued progress toward our objective of maximum employment. The pace of employment growth has remained strong, with job gains averaging nearly 290,000 per month over the past three months. The unemployment rate was 5.5 percent in February; that’s three-tenths lower than the latest reading available at the time of our December meeting. Broader measures of job market conditions—such as those counting individuals who want and are available to work but have not actively searched recently and people who are working part time but would rather work full time—have shown similar improvement. As we noted in our statement, slack in the labor market continues to diminish.”

“Yesterday Zero Hedge questioned the monthly jobs data from the US Labor Dept. BLS.

“Something Strange Is Going On With Nonfarm Payrolls”

“Falling wages aside (a critical topic as it singlehandedly refutes the Fed’s bedrock thesis of no slack in a labor force in which there are 93 million Americans who no longer participate in the job market) going back to the original topic of which economic factors are prompting the Fed to assume there is an economic recovery, without exaggeration, all alone.”

“Economists seem to start with the premise that the non-farm payroll data is correct and everything else needs to be dismissed by weather and other factors. Maybe we should ask why the non-farm payrolls number is different from everything else.”

“Citizen Wells responded.

“You don’t have to be a rocket scientist or a math whiz to evaluate the data from the US Labor Department.

You just have to care and have basic math skills.

Sadly this is lacking in the mainstream media.

Even Fox News.

Some of the more blatant lies (yes Gallup CEO Jim Clifton was correct to call them lies), relate to the unemployment rate and it’s improvement and job growth.

For example, in February 2015 the Labor Dept. reported 295,000 jobs added.

However, there was only a 96,000 gain in employment.

And Whites had 43,000 fewer employments!

There were 354,000 more people not in the labor force!

There were 180,000 more people not in the labor force who want a job now!

Did you know?

5,205,000 full time employments were lost during the first year of Obama’s occupation of the White House from January 2009 to January 2010?

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.”
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