The holy grail of low unemployment remains out of reach. Over five years after crisis conditions erupted, recovery for most Americans remains elusive.
Another decade may pass without achieving it. Robust job creation can't happen without responsible economic growth policies. They don't exist. Austerity is prioritized when stimulus is needed.
BLS reports are seasonally adjusted. Doing so distorts reality. Unadjusted Household data showed December employment fell 489,000 from 143.549 - 143.060 million.
Doing so reflects disappearing holiday season employment. More will evaporate in next month's report.
A lost job is a lost job is a lost job. BLS reports don't say so. Seasonal adjustments smooth out monthly data. Doing so doesn't create jobs. They're not smoothed into existence. They don't produce ready cash. They don't cover vital expenses. Venders demand real money.
Harsh reality is concealed. Unemployed millions know more about America's job market than high-paid mainstream economists.
Media scoundrels don't explain. Steady as you go, they reported. Data matched expectations. Think small and be satisfied.
Seasonally adjusted numbers are reported as real. They ignore BLS saying:
"The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs." Manipulated data lack credibility.
Nearly 25 million are unemployed. Millions more rely on involuntary temp or part-time work. A 23% unemployment rate reveals Depression level conditions.
Crisis reflects America's economy. Irresponsible policies deprive people of work. Long-term unemployment remains at post-WW II highs. Nearly 40% of people wanting work haven't found it for over six months.
Unadjusted unemployment increased 440,000. Adjusted left it unchanged. Doing so belies reality. What looks solid and reliable to some, reflects hard times for millions. Sweeping people wanting work under the rug doesn't change things.
The National Employment Law Project reports over six million unemployed workers exhausted benefits since fall 2007. Numbers keep rising monthly.
In February 2012, bipartisan complicity cut unemployment benefits. Duration for those receiving it dropped from 99 to 73 weeks.
Doing so applies to states with official jobless rates above 9%. Fake U-3 numbers minimize them. Barriers impose more hurdles. Benefits depend on proving active job seeking. States can mandate job seeker drug tests.
What's going on is clear. Congress and administration officials want millions in need deprived. Increasingly they're on their own.