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"Jobless rate falls to 9.7% - Payrolls Drop by 20,000" Huh?

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Recent headlines on bloomberg.com finally reveal the fallacy and lies of the Bureau of Labor Statistics and the complete contradiction contained within the unemployment accounting methods used by the government to measure and report unemployment levels. It was only a matter of time before this contradiction became obvious and undeniable, before the heinous lies perpetrated by our government on the people were exposed.

On its face the notion that the unemployment rate can fall while job losses increase is preposterous. That these headlines portray the actual reporting from the government sources attests to the treachery of our political institutions and the misinformation that has become a normal part of Washington politics and mainstream media. If their credibility has not already been damaged beyond repair this latest round of so-called "news' eliminates any remaining vestige of confidence we might have had in our nation's political establishment and mainstream media "outlets.' (Isn't an "outlet' a large retail operation that operates from a big-box warehouse promising huge discounts from standard retail prices? Are the media pundits the same, offering "discount news' using economies of scale?)

It is nothing less than an egregious insult to our common sense that our own government continues to spew lies and distortions in order to make them look good. Only an ignoramus would trust the information published by government resources. Today, if one believes the contradictory government figures, the opposing facts will cause a short circuit in our cognitive processes much like the robots in "I, Robot" are confused when their "prime directive' requires them to protect every humans at all cost but humans are destroying one another. Which instruction are we to follow?

To understand how these two apparently contradictory "facts' can co-exist it is necessary to understand how the government distorts unemployment figures. It is really quite simple. Since Clinton changed the way unemployment is calculated in 1993 (in order to make himself and the Democrats look good while the true facts indicated otherwise) we no longer have any idea of the true level of unemployment that exists in our nation. Most are familiar with the notion that underemployed workers are counted as "employed' even though they only have part-time jobs or are employed beneath their skill level. However, few people understand the other half of the equation. When an employee is sacked he or she typically will request unemployment compensation. If that employee is not entitled to unemployment compensation, or does not apply for it, or uses up all that he or she is entitled to, that unemployed person is not longer considered unemployed. This legerdemain is a cheap trick at best, reminiscent of snake oil salesmen and street hustlers that offer you a dollar if you can "find the pea'. Only the ignorant are inveigled by this nonsensical illogic. When a person does not have a job that person is unemployed, end of story. No amount of re-classifying an unemployed worker can result in that worker being employed or earning an income. The only way an unemployed worker can no longer be called unemployed is when they have a new job. However, our government together with the corporate news media, has so confused the English language and our perception of reality that "unemployed' no longer means "unemployed.' Sadly, most citizens have either not paid attention to this disinformation scheme or are simply too ignorant to understand how they have been duped.

The unemployment figures over the past year have hidden the truth about unemployment. In the past, before the "newspeak' distortions prevailed, this was referred to as a lie. As laid off employees have remained unemployed for long periods their names fall off the unemployment count for a variety of reasons, even though they remain unemployed. The effect of this bamboozlement is to create the impression that unemployment has been slowing down and is preparing for a turn-around. Combined with the very odd stock market undulations it has been easy to claim that the economic downturn has "bottomed out' and is in a recovery mode. Of course nothing could be further from the truth.

A year ago, according to the BLS, jobs were being lost at the rate of approximately a half million a month. Slowly this number reduced to under a hundred thousand. Does that mean unemployment was being reduced? Did that mean jobs were not being lost at such a frightening rate as a year ago? Of course not! In the "new math' used by the BLS is just another in a long series of deceits that our politicians and their complicit media have perpetrated upon us.

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An economist for 34 years I have remained committed to social justice and economic equality for as long. As long as we keep voting in Tweedly-Demos and Tweedly-Repugs nothing will change. The only way we can affect the political structure is to (more...)
 

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