Share on Google Plus Share on Twitter Share on Facebook 6 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit 1 Share on StumbleUpon 1 Tell A Friend (8 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   3 comments

Exclusive to OpEdNews:
OpEdNews Op Eds

Surrealistic Pillows

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Valuable 2   Must Read 1   Well Said 1  
View Ratings | Rate It

opednews.com Headlined to None 10/8/12

Become a Fan
  (89 fans)



pillow by Google Images




Oh, heavens be praised! It's a miracle right out of scripture! The gods
of political rhetoric and book keeping have favored us to look upon its
countenance. I've been reading the Bureau of Labor Statistics monthly
jobs report, every month, for over two and a half years and I've never
seen anything even remotely similar to this one.

From the BLS -- "The unemployment rate declined by 0.3 percentage point
to 7.8 percent in September. For the first 8 months of the year, the
rate held within a narrow range of 8.1 and 8.3 percent. The number of
unemployed persons, at 12.1 million, decreased by

456,000 in September."

Why that's the most amazing thing since, well" ever! Just five weeks
before a Presidential election, the economy suddenly takes off like a
Shelby Cobra, as the number of unemployed drops by almost a half a
million workers in just 30 days! No telling how many jobs were created
to make the unemployment rate drop 0.3 percent, it must have been in the
hundreds of thousands of new jobs!

From the BLS -- "The unemployment rate decreased to 7.8 percent in
September, and total nonfarm payroll employment rose by 114,000, the
U.S. Bureau of Labor Statistics reported today. Employment increased in
health care and in transportation and warehousing but changed little in
most other major industries."

114,000??? But, but, but, the economic created 206,000 new jobs last
month, at least, according to the revisions made in last months figures.
It can only be explained as the hand of the deity, as the number
employed miraculously explodes.

Number employed in July -- 142,220,000

Number employed in August -- 142,101,000

Number employed in Sept. - 142,974,000



Number unemployed in July -- 12,794,000

Number unemployed in August -- 12,544,000

Number unemployed in Sept. -- 12,088,000

It must be the wondrous action of the deity, like that loaves and fishes
thing, all over again. How else could 114,000 new jobs account for
456,000 less unemployed? Obama has employed the multitude, with his
basket filled with a few new jobs and fishes.

Well, to start with, the biggest group of job gains went to that most
vital sector of our labor force, that's right, teenagers. Teenagers age
(16 to 19) were the biggest job gainers at nine tenths of one percent.
On the education front, the largest group of employment gains went to"
those without a high school diploma. Their unemployment rate declined
0.7 of a percent; more than double the next largest educational
category. From these figures it is clear, this will not only be a
jobless recovery, but it will be an uneducated recovery, as well.

The U-6 Unemployment number for this month stands at 14.7 percent,
almost exactly where it was in May. U-6, total unemployed, plus all
persons marginally attached to the labor force, plus total employed part
time for economic reasons, as a percent of the civilian labor force
plus all persons marginally attached to the labor force

Below is the explanation for the U-6 number from the BLS.

"NOTE: Persons marginally attached to the labor force are those who
currently are neither working nor looking for work but indicate that
they want and are available for a job and have looked for work sometime
in the past 12 months. Discouraged workers, a subset of the marginally
attached, have given a job-market related reason for not currently
looking for work. Persons employed part time for economic reasons are
those who want and are available for full-time work but have had to
settle for a part-time schedule. Updated population controls are
introduced annually with the release of January data."

Did you say, Part Time? Ding, ding, ding, employed part time for economic reasons --

July -- 8,246,000

August -- 8,031,000

Sept. - 8,613,000

The future is clear, the future is fun, the United States of America
will lead the world into that bright clear dawn of a new day, arm in arm
with uneducated teenagers working part time. Why who could argue that a
recovery is under way on the strength of these numbers?

Part time due to slack work or business conditions --

July -- 5,342,000

August -- 5,217,000

Sept. -- 5,523,000

Could only find Part time work --

July -- 2,576,000

August -- 2,507,000

Sept. - 2,572,000

From the employment situation report- "The number of persons unemployed
for less than 5 weeks declined by 302,000 over the month to 2.5 million.
The number of long-term unemployed (those jobless for 27 weeks or more)
was little changed at 4.8 million and accounted for 40.1 percent of the
unemployed."

So just where is all this job growth located in the economy? Let's look
at employed and unemployed persons by occupation, not seasonally
adjusted, so take for example Management, professional and related
occupations. In September 2011, unemployment stood at 4.4 percent, but
has now declined to only 3.9 percent unemployment. I know, I hear you,
boo hoo, there are no new jobs in management and finance, but that is
exactly where you would look for payroll gains. No new management, no
new projects on the horizon. With no new management jobs, I'll bet them
boys and girls live in blood terror fear of losing that job, cause,
chances are there won't be another one any time soon.

Transportation and material moving occupations -- Unemployed

September 2011 -- 10.9%

September 2012 - 9.3%

Employed

September 2011 -- 8,239,000

September 2012 - 8,242,000

Looks pretty good doesn't it? 3,000 new jobs in a single year, only the
numbers of those seeking work in that field who can not find work
exceeds 870,000. 871,000 people -- 3,000 jobs, obviously, if this
economy was going anywhere, it would need people to drive the trucks and
the forklifts.

Then, Construction --

September unemployment 2011 13.4%

September unemployment 2012 13.2%

Employed

September 2011- 7,316,000

September 2012 - 7,015,000

Unemployed

September 2011 -- 1,137,000

September 2012 - 1,071,000

People are leaving the field; there can't be any kind of recovery if
people are leaving the construction field. Temp jobs and part time work,
no benefits, where you don't get paid for the holiday, holiday.

So let us rest our heads on our surrealistic pillows, let us go quietly
and methodically looking towards the dawn of that brave new world. The
deity be praised, we are in the presence of true greatness, The BLS
report spells out in perfect statistic and prolific prose, a lumbering,
lagging economy, a sick man losing strength. You can't sell your gold to
that guy on TV forever, you know?

Yet, despite this documents utter starkness and frankness, the report is
praised as good news by a trained seal media. The ultimate fascist
power- control of the truth; put out some pretty roses and fertilize the
sh*t out of them by burying the truth underneath it all. To bundle
truth and lies altogether in one neat and tidy one size fits all
package. The truth is what ever you want it to be, but reality hides
behind it. I guess it is all where you are sitting, whether you see
truth or reality.

 

I who am I? Born at the pinnacle of American prosperity to parents raised during the last great depression. I was the youngest child of the youngest children born almost between the generations and that in fact clouds and obscures who it is that I (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Hobo's Lullaby

100 Reasons for Revolution

Guns or Butter

Taken at the Flood

When will the Economy Collapse? You're Looking at It!

In this Country at Least, The Revolution Will Not Be Televised

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 3 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
...but this time, I fear, you are falsely accusing... by James Hadstate on Monday, Oct 8, 2012 at 6:07:55 PM
don't listen to me or to Krugman. Go to the BLS we... by David Glenn Cox on Monday, Oct 8, 2012 at 7:32:08 PM
David, I have looked around on the BLS site and re... by James Hadstate on Tuesday, Oct 9, 2012 at 7:19:25 AM