“Unemployment Is Falling And Other Federal Fictions”

by Jim Kager from “Credibly Connect

Like cost of living and housing numbers cut from whole cloth by the federal government each month, the unemployment numbers are pure fiction, meaningless numbers from meaningless calculations using meaningless assumptions by those who have something to gain. Even as government and its public relations arm, the mainstream media, breathlessly heralded the fall in the unemployment rate from 7.6% to 7.4%, the truth behind those numbers is the following:
– the “unemployment rate” has been going down because the government has been pretending that millions upon millions of American workers simply do not want jobs anymore. Why do they assume that? Because they want to.

A far more accurate measurement than the highly manipulated “unemployment rate” is the civilian employment-population ratio, that is, what percentage of working age Americans actually have a job. Before the last recession, 63 percent of all working age Americans had a job. During the recession, that number plunged below 59 percent, and has remained below 59 percent for 47 consecutive months, the first time in the post-World War II era that the ratio has not bounced back after a recession.

Other facts the government doesn’t advertise are as follows:

– 76.7 percent of the jobs that have been “created” in 2013 have been part-time jobs.

– The percentage of working age Americans under the age of 30 with a job fell from 47.0% in June 2012 to 43.6% in June 2013.

– Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

– One out of every four American workers has a job that pays $10 an hour or less.

– 53 percent of all American workers make less than $30,000 a year.

Bottom line: As far as employment is concerned, the last recession never ended no matter what kind of smiley face is painted on the pig.

More on this topic can be found here: http://theeconomiccollapseblog.com/archives/if-you-think-the-employment-numbers-are-good-then-you-really-need-to-read-this-article

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About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
This entry was posted in Austrian Economic Theory, Government Corruption, Government Failures, Government Propaganda, Libertarianism, Money and Banking, Unemployment and tagged , , , , , , , . Bookmark the permalink.

4 Responses to “Unemployment Is Falling And Other Federal Fictions”

  1. “Our” government? Lie to is? Nawww. tell me it ain’t so.

    Like

  2. genomega1 says:

    Reblogged this on News You May Have Missed and commented:
    “Unemployment Is Falling And Other Federal Fictions”

    Like

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