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 - json 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

MDRC's Rent Reform Assault: Section 8 tenants vs. affordable housing industry J24 12:24AM

Obama at LA Trade Tech J23 3:23PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 6:33PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:48PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:28PM

Protest Israeli Shelling of Gaza J21 1:58AM

#SaveTheInternet Rally J20 11:24AM

PACIFICA is shify-ing more J18 8:55PM

Radical Women Study Group J16 4:43PM

KIDS REPLANT WILSHIRE FRUIT TREES UPROOTED BY VANDALS J16 2:34PM

Emails Needed by Thursday, July 17 to Save the South Central Farm (Again) J15 4:40PM

Is AFT Pres Weingarten On The Take? J12 7:45AM

LA Living in Vehicle Law Found UnConstitutional J11 12:22PM

KPFK News covers the Che Cafe struggle J10 9:33PM

Public Comment on South Central Farm Site J07 10:44PM

Successful Protest at new Burbank Hobby Lobby on 4th J06 5:17PM

Protesters Violently Arrested in Murietta J05 12:44AM

Gallery Opening Highlights Journalist’s Creativity, Insights, and Passions J03 11:52AM

Indymedia On Air - Che Cafe show J02 10:27AM

Save the Che: Letter from Zack de la Rocha J29 8:47PM

Political Thriller Citizen Koch Premieres in Los Angeles J28 2:35AM

Veteran and Families of Military hold Press Conference J18 7:36AM

Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena J16 4:15AM

Change Links Revival J12 12:09PM

Election Day with Occupy Los Angeles: Know Your Rights Juror Education Rally J05 9:39PM

United We Stand Festival Ignites a Wave of Action for Indy Journalists and Active Citizens J05 7:36PM

San Pedro Born Activist Yuri Kochiyama Dies J02 12:04PM

More Local News...

Other/Breaking News

Panthers in the Hole: French Angola 3 Book Illustrates US Prison Crisis J27 12:13PM

¡Abajo las nuevas exacciones criminales de Israel! J27 11:41AM

Who declares themselves to be the ultimate-only-valid-authority here on current wars elsew J27 11:11AM

looks ok to me... J27 10:32AM

Down with the latest criminal abuses by the Israeli State! J27 10:21AM

THE BOOK OF JOSHUA | ZIONAZIS J26 9:52PM

Video: Left Forum on Thomas Paine 1 hr, 23 min J26 4:21PM

Surpopulation et paupérisation J26 9:13AM

AVAAZ_GAZA_war crimes J26 8:07AM

Israeli-Palestinian Science Organization (IPSO) Struggles for Peace J26 8:02AM

Snake Valley Festival in Baker NV fights SNWA ‘Water Grab’ J26 6:59AM

Nuclear Bomb LA 1983, Revelations tortured Witness Recovers from 14 year coma J25 7:52PM

The Shortwave Report 07/25/14 Listen Globally! J24 5:00PM

Come for the education, Stay for the fun at the OC Health & Wellness Fair J23 10:59PM

Philippine president signs law requiring tobacco companies to put graphic health warnings J23 3:55AM

Rockets found in Gaza school J22 10:57PM

Statement on the Gaza Genocide J22 8:32PM

Capitalism and War: Pope Francis J22 4:18AM

Geekouts Link's for June and July 2014 J22 1:14AM

ADI holds Week of Action Against Circus Suffering J21 11:41AM

phantom protests J21 7:35AM

Précis de la tyrannie ou les 64 bourgeoisies J21 3:32AM

The Abiding Economics of John Kenneth Galbraith J19 3:19PM

The Word J18 1:12PM

Burn Cut Poison: Toxic Trillion Dollar Cancer Industrial Complex Of Radiation, Surgery, Ch J18 10:17AM

Abrégé de déictique J18 2:04AM

The Shortwave Report 07/18/14 Listen Globally! J17 2:54PM

carta a mi hija J17 1:40PM

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