imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - js reader version - email this article - view hidden posts - tags and related articles
link:

Obama: Jobs Destroyer

by Stephen Lendman Tuesday, Feb. 05, 2013 at 10:08 AM
lendmanstephen@sbcglobal.net

jobs

Obama: Jobs Destroyer

by Stephen Lendman

Phantom numbers conceal dire conditions. Reports are manipulated to distort reality. Last year's data overstated about half a million jobs.

Seasonal adjustments turn reality on its head. So does the so-called "birth-death model." It estimates net non-reported jobs from new businesses minus losses from others no longer operating.

During current economic hard times, it magically creates nonexistent jobs. Even the Bureau of Labor Statistics (BLS) admits misreporting, saying:

"The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs."

Mark Twain's maxim about lies, damn lies and statistics perhaps applies mostly to government managed news misinformation. What matters most is concealed.

Claiming economic conditions are sound when real unemployment is 23% is one of the worst damn lies. Bipartisan complicity to destroy America's social contract when it's most needed shows total disregard for vital needs.

It proves government officials are enemies, not allies. Labor market reality reflects it. Monthly jobs reports are more trick than treat. Nearly 25 million Americans remain jobless. Low-pay/poor benefit part-time or temp ones replace full-time ones.

Each fall and winter well above trend job gains are reported. Every spring and summer, they're reversed and then some. Hundreds of thousands of previously reported jobs vanish.

They never existed in the first place. Phantom numbers replace real ones. Official ones are statistical illusions. Obama is more jobs destroyer than creator.

The latest jobs report underwhelmed. Economist David Rosenberg said "classic measures of employment dispersion or breadth receded significantly."

He asked how can growth be sound when 212,000 part-time jobs replaced full-time ones for "economic reasons."

"And the broadest measure of unemployment remains stuck at a depression-like 14.4%." For the past four years, long-term unemployment practically doubled to nearly five million.

I'll take years to undo the damage. It'll never be undone if destructive policies substitute for constructive ones.

It's happening when economic conditions are weak, real inflation is high, food costs are soaring, taxes increased, and Washington's waging war America's social safety net.

Headline reports on January jobs ignored broader Household (population) Survey data. It documented 1.5 million fewer workers. The Establishment (Payroll) Survey lost 2.8 million.

People dropped out because of no jobs. Doing so makes them non-persons. They don't exist. They're not counted.

Season adjustments distort month-to-month reality. Raw data reveals hundreds of thousands fewer employed than headline numbers.

Month-over-month, the employment/population seasonally adjusted ratio was unchanged. Unadjusted it dropped 0.6%. Each tenth of a percent = nearly a quarter million people x 6 = nearly 1.5 million.

Seasonally adjusted unemployment numbers rose 117,000 to 12.332 million. Unadjusted numbers increased 1.337 million to 13.181 million.

Unadjusted numbers reflect people wanting work who can't find it. Adjusted ones conceal reality. Phantom data substitute fiction for fact.

On February 1, Economic Collapse headlined "Shocking Numbers That Show The Media (Lie) About Unemployment in America," saying:

Labor force numbers have been contracting since 2006. In Obama's first term, they were "more than three times greater than" the increase in "not in labor force" Americans throughout the 1980s.

Hundreds of thousands of new jobless workers belie headline numbers. In 2007, over 146 million Americans were employed. Today it's 141.6 million despite annual population growth.

When government and media scoundrels say recovery's proceeding on course and "unemployment is lower than" two years ago, they're lying.

Facts show they fake it. BLS reports them quietly. Administration officials and media scoundrels ignore them. They show annually dropping labor force totals since 2006.

Doing so reveals economic weakness, not strength. Nothing ahead looks promising. How can it with destructive policies substituting for stimulative ones.

In January, nearly 90 million aged-16 or older Americans aren't in the labor force. In four years under Obama, the total increased over eight million.

Over 40% of workers earn $20,000 annually or less. Over double that amount in urban America is needed to support family members. In many major cities, it's much more.

Households live from paycheck to paycheck. They're unprepared if trouble arrives. Euphoric markets pay no attention. They're approaching record highs.

They're disengaged from Main Street. They buoyed by money printing madness. Since 2007, world Central banks created multi-trillions.

How much they won't say. In America, estimates range up to $23 trillion. Piling on did nothing to resolve crisis conditions. Currencies have been debased. Future inflation issues are raised.

Last fall, the Bundesbank fired a warning shot. It wants its Fed-held gold reserves audited. Germany wants part of them repatriated. Doing so could prompt a chain reaction.

At issue is lack of trust. Things aren't as rosy as portrayed. Deep-seated trouble lurks sub-surface. Recovery is built on a house of cards. Shocks can crater it when least expected. Economic warfare could trigger it.

Goldilocks economies can turn rancid any time. Crisis conditions can erupt globally. Economies are interconnected. Contagion spreads. Debt entrapment, banker occupation, and austerity harm every country run irresponsibly.

It affects others. Problems keep festering. Irresponsible policies assure worse deep problems. Day of reckoning time eventually arrives. Forewarned is forearmed.

Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net.

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour

http://www.dailycensored.com/obama-jobs-destroyer/
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Local News

Latest Black Flag Newsletter Available J20 8:05PM

Why The Actual Artists Keep Fleeing What Once Was The Los Angeles Arts District J16 4:15PM

12 Peoples Of Rain To the People of California J16 3:36PM

More Local News...

Other/Breaking News

Known Cures For Cancer A01 12:27PM

TPP Ministerial Deadlock A01 11:56AM

Hillary Clinton's Scandalous Record A01 10:21AM

America's Sham Democracy A01 6:56AM

Israeli State Terror Without Mercy A01 3:27AM

La vie industrielle ou intestat A01 12:42AM

fbi as the ultimate menace to society J31 6:19PM

Controversy Over Shell's Arctic Drilling Continues J31 2:49PM

Hollow Israeli Sorrow Over Palestinian Baby Immolation by Settlers J31 11:11AM

Israeli Settlers Burn Palestinian Infant to Death J31 9:04AM

US Neocon Urges War on Iran J31 7:23AM

More Illegal US Sanctions on Russia J31 3:32AM

The Shortwave Report 07/31/15 Listen Globally! J30 5:05PM

Russia Challenges America's Orwellian National Endowment for Democracy J30 11:59AM

Anti-Iranian Nuclear Deal Blitzkrieg in Full Swing J30 11:37AM

Israel Declares War on Palestinian Hunger Strikers J30 5:41AM

Irresponsibly Bashing Russia Veto Against Establishing Kangaroo MH17 Tribunal J30 3:13AM

US Wants Enhanced UN Peacekeepers Serving Its Interests J29 11:51AM

Russia to Veto UN Resolution for US-Controlled MH17 Tribunal J29 10:57AM

Israel Bombs Syria During Large-Scale War Games J29 6:51AM

Another US Jail Cell Death Sentence J29 3:46AM

Illegitimate Show Trial Sentences Gaddafi's Son to Death J28 12:15PM

Another Jail Cell Murder in America J28 11:52AM

United Nations Votes for Global Bankruptcy Principles J28 11:37AM

Greece demonstrate J28 10:28AM

Hezbollah's Nasrallah Urges Resistance Against Israeli Lawlessness J28 7:00AM

Tormenting Greece is about sending a message J28 5:16AM

Balkanizing Syria Planned J28 4:01AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy