10 January 2014 (14:33 UTC-07 Tango)/08 Rabi ‘al-Awwal 1435/20 Dey 1392/10 Gui-Chou (12th month) 4711
Reports of a decreasing U.S. unemployment rate are being tempered with the fact that not only did the number of people applying for first time unemployment assistance (IT IS NOT A BENEFIT!) go down, but so did the number of people finding jobs, and so did the number of people still looking for jobs.
That’s the real reason for the unemployment rate going down; yet again hundreds of thousands of people quit looking for work!
In December 2013, 347-thousand unemployed people gave up on finding a job! That is represented by the Participation Rate, which hit 62.8% the lowest since 1978! When you factor the Participation Rate just for men, it hits the record low set back in 1948!
Compare the 347-thousand people who gave up finding a job to the measly number of people who found a job; only 74-thousand in December! And that’s way down from what job ‘experts’ expected.
A CNNMoney survey of employment ‘experts’ said 193-thousand jobs were going to be created in December. USA Today said their 37 ‘experts’ predicted 205-thousand to 238-thousand new jobs would be created in December. Now those USA Today experts say the bad news is just an “aberration”, and blamed bad weather (damn that climate change). Those silly ‘experts’!
Oh yeah, out of that 74-thousand jobs created in December, most of them were end of year temporary holiday/seasonal jobs!!!!
There’s good reason for long term unemployed (who are mainly men) to quit wasting their time and money looking for a job. According to U.S. Bureau of Labor March 2013 data, if you’ve been unemployed for more than one year your chances of getting hired drops to 9%!!!!!!!!!!
Now comes your friendly neighborhood political representative, who seems to be making big money despite the suck ass economy. According to Center for Responsive Politics (CRP), they are making big money!
For the first time in U.S. history, more than half of your elected officials in the U.S. Congress are net millionaires!
Now realize those ‘elected’ officials voted to end unemployment assistance for 1.3 million people, and are slashing and burning government services, and are stealing money from Social Security, Medicaid/Medicare and the U.S. Postal Service, and they keep jacking up the taxes you pay!
Officials at the CRP blame you the dumb voters for the situation: “Despite the fact that polls show how dissatisfied Americans are with Congress overall, there’s been no change in our appetite to elect affluent politicians to represent our concerns in Washington…”-Sheila Krumholz, executive director CRP
And don’t forget the 1.3 million unemployed who lost their federal assistance this month! That’ll probably make the unemployment rate for January 2014 go down too, makes things look real gooood!
It’s almost like a conspiracy to rip off the average worker of the United States so the 1% elites can get richer by cutting government services while raising taxes?
“Our ideals and principles, as well as our national security……..That’s what makes America different. That’s what makes us exceptional.”-Barack Obama, 10 September 2013