Here we go again. The BLS reports manipulated unemployment figures designed to mislead the ignorant masses about how shitty their lives are. The MSM dutifully reports the lies without digging into the numbers, as their job is to peddle the propaganda and keep the financial ponzi scheme going.
You know the economy sucks. You know the real unemployment rate is at least 15%. You know your real wages haven’t gone up since 2000. You know 90% of the Obama jobs being “created” are shit service jobs paying shit wages. You know bullshit when you see it.
The fact that Trump is so far ahead in the polls is because people in this country know they are getting fucked over, lied to, and screwed by the bankers, corporations and captured politicians.
Here are some of my observations about the BLS data you will not hear on CNBC and Bloomberg, nor read on Marketwatch or the WSJ:
- The population survey shows that since January there are 639k more people employed, while 1.3 million Americans decided their lives were so fulfilling and financial situation so fucking fantastic, they decided to exit the workforce, kick up their feet, and watch Jerry Springer every day. This is considered a strong jobs market by the MSM and Obama.
- The labor force participation rate has plunged to 1977 levels. You remember the good old days of the Carter presidency. Soaring inflation, unemployment and gas prices. I can remember filling up the car based on even and odd days based on the last number of your license plate. Ah, the good old days.
- The survey blathered about by the MSM showed 215,000 new jobs created in July, only 100% more than the other report. That should surely give you confidence in the crap spewed by the BLS. And guess what? The good old birth death excel spreadsheet adjustment based on nothing, added 83,000 jobs to that calculation. These are supposed to be the jobs created by small businesses. We know for a fact there have been more small businesses closing than opening over the last few years, therefore this estimate is not only bogus, it’s backwards. It should be subtracting numbers from the headline number. Thus far, this year the BLS has added 547k fake jobs. This represents about 33% of all the jobs reportedly added this year. In reality they needed to subtract at least 500k jobs.
- In more unequivocally good news, people in their prime working years 25 to 54, lost 131k jobs in July, while the savings starved Boomers (55 and over) gained 211k jobs. In the last year the over 55 cohort has gotten 842k jobs, while the 35 to 54 cohort, which is twice the size of the over 55 cohort has gotten 158k jobs. If you were wondering why the millennials aren’t spending, buying houses and living in mom’s basement, look no further than the fact that 18 to 24 year olds have lost 88k jobs in the last year. Since 2007 the over 55 group has added 7.4 million jobs, while the 25 to 54 group has lost 4 million jobs. And the talking heads can’t figure out why the economy is stuck at 2% GDP.
- Lastly, wages have gone up a pathetic 2.1% in the last year. With a real inflation rate of at least 5%, the average worker falls further and further behind and their standard of living continues to sink. Anyone trying to make the case about a strong solid jobs recovery is either a shill or an ignoramus. Since 2007 we’ve replaced 1.4 million high paying good producing jobs with 1.4 Obama, low wage, no benefit, shit jobs. The numbers speak for themselves.
The propaganda and spin will continue until the oligarchs have absconded with the remaining wealth of the nation. The BLS will continue to spew fake data to make you think it is just raining, when they are really pissing down your back. And so ends your monthly does of truth about the BLS unemployment data. See you next month. Same bat time, same bat station.
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