Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 3 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds   

Culinary Accounting; OR Cookin' the Books:

By       (Page 1 of 2 pages) (View How Many People Read This)   10 comments
Author 8520
Message Mike Folkerth

Good Morning Middle America, your King of Simple News is on the air.

 

U.S. NEWS: Unemployment continues to haunt the U.S. landscape with few areas unaffected. But then, that should have been visible two years ago to a blind man on a fast horse.

 

Lost jobs in construction and manufacturing seem to be leading the way to the bottom. Let’s apply some Mikeronomics to that problem and see if we can flesh out the reason.

 

Housing is in the toilet (that’s an economic term), and those people who used to build houses don’t do that anymore. The people who used to manufacture the things to build houses with, don’t do that anymore either. Neither group buys new autos with their unemployment compensation checks…so I guess that about solves the mystery.

 

The government will come to these same conclusions about 6 months from now.

 

In March, the U.S. lost 80,000 jobs, but that’s old hat and you heard it on the 6 o’clock News. What you didn’t hear on the local or national or world news was that on average, the U.S. adds 180,000 jobs per month. Want to know why? Because there are on average, 180,000 new job seekers each and every month. Want to know why? Because we believe that growth is good.

 

But this is not the end of the good news. During the past 90 days, the U.S. has lost 232,000 jobs. That means that each month, 180,000 people entering the job market also failed to find employment, but are not included in the numbers, as they were never employed previously.

 

The actual real unemployment then, grew by 772,000 in 90 days. They probably just forgot to tell us that on the 6 o’clock news huh?

 

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

 

Rate It | View Ratings

Mike Folkerth Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

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

Will Our Economy EVER Recover?

Fox News on Georgian Invasion; Not Exactly What They Wanted:

Paradigm Shift; Change Your Life:

U.S. Auto Industry is in Recession:

Housing Predictions:

Smarter Than A 5th Grader? Not Politicians:

To View Comments or Join the Conversation: