OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Some Of My Experiences
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 9:46 pm by PurpleSkyz

» Evidence That US Government Targeted Red States With Deadly Batches of Vaccine plus "How Bad is my Batch" link
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 7:51 pm by PurpleSkyz

» MEATLOAF DIES - IS HE ANOTHER VICTIM?
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 7:10 pm by NanneeRose

» Ghislaine Maxwell, to Walk? Motion for Retrial Officially Filed AfterShock Juror Admission
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 2:49 pm by PurpleSkyz

» Pfizer to Roll Out Omicron Shot in March
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 11:10 am by PurpleSkyz

»  Denial of Natural Immunity ‘Unprecedented in Modern History’
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 11:04 am by PurpleSkyz

» 5G Apocalypse: The Extinction Event – Film by Sacha Stone
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 10:28 am by PurpleSkyz

» The Globalization of Human Rights Violations: “The Right to Live a Dignified and Decent Living”
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 2:33 am by PurpleSkyz

» INTERNATIONAL COURT LOOKS INTO COVID19 CRIMES AGAINST HUMANITY - GENOCIDE REVEALED
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 2:27 am by PurpleSkyz

» Truckers for Freedom Organize Huge Protest Against Vaccine Mandates & Supply Chain Shortages to Come
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 2:23 am by PurpleSkyz

» British Medical Journal: ‘Pharma Must Release of All Vaccine and Treatment Data Immediately’
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 2:00 am by PurpleSkyz

» Supply chain nightmare approaching as Canadian cross-border vaccine mandate goes into effect for U.S. truckers
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 1:53 am by PurpleSkyz

» Adrienne Pan: 43-year-old CBC Edmonton radio host disappears from social media for months, dead after post-Moderna “serious illness”
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyYesterday at 1:50 am by PurpleSkyz

» Czech Prime Minister Ends Vaccine Mandates: ‘We Do Not Want to Deepen the Rifts in Society’
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 2:49 pm by PurpleSkyz

» Former White House Physician Demands Biden Take Cognitive Test After Weird Presser Breakdown
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 1:26 pm by PurpleSkyz

» Ghislaine Maxwell files for a RETRIAL
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 1:21 pm by PurpleSkyz

» Curiosity rover finds possible evidence of life on Mars
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 1:13 pm by PurpleSkyz

»  US Airlines: ‘Dangerous 5G Rollout Will Grind Commerce to a Halt’
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 12:26 pm by PurpleSkyz

» Parents Outraged Over Photo of Teacher Taping Mask to Child’s Face
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 12:20 pm by PurpleSkyz

» Pandemic Narrative Undergoes Radical U-Turn
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 12:12 pm by PurpleSkyz

» NHS Doctor Tells Patient NOT to Take Covid Vaccine Because They Will Be PULLED Soon
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 11:57 am by PurpleSkyz

» Maine Doctor Loses License, Ordered to Undergo Psych Evaluation for Treating Covid Patients with Ivermectin, ‘Spreading Covid Misinformation’
It’s An Illusion: Here Are the REAL Unemployment Numbers EmptyThu Jan 20, 2022 11:48 am by PurpleSkyz

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » It’s An Illusion: Here Are the REAL Unemployment Numbers

It’s An Illusion: Here Are the REAL Unemployment Numbers

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

It’s An Illusion: Here Are the REAL Unemployment Numbers

Posted on May 3, 2014 by Mac Slavo
It’s An Illusion: Here Are the REAL Unemployment Numbers Master-Illusionist Mainstream financial pundits are falling over themselves following a report from the Labor Department indicating that the national unemployment rate has fallen yet again, this time to just 6.3%.
The Associated Press, whose report on the new rate is being distributed to news services around the country, says this is “the strongest evidence to date that the economy is picking up.” They cite numerous economic experts, claiming that the U.S. economy is now experiencing vigorous job growth, which they say is confirmation that the economic health of our nation is bouncing back from a rough winter. In fact, they mention bad “weather” and “winter” eight times in a single article just to make sure we understand that the problems we’ve seen over the last few months were seasonal.
But, as is generally the case with mainstream assessments and government statistics as of late, the devil’s in the details.
The drop in the unemployment rate from March’s 6.7 percent came as the agency’s survey of households showed the labor force shrank by more the 800,000 in April.
The participation rate, which indicates the share of working-age people in the labor force, decreased to 62.8 percent, matching the lowest level since March 1978, from 63.2 percent a month earlier.
Thus, while U.S. companies added some 288,000 jobs last month, three times as many people were dropped from the official unemployment statistics and are no longer counted in the labor pool.
At this rate we’re well on our way to achieving the Communist dream of 0% unemployment before the end of the President’s term.
Karl Denninger looks even deeper into the report at Market Ticker and points out that, while jobs were created last month, the claims of vigorous job growth are not even close.
Uh oh.  Yes, that headline number looks good.  But April is usually good, and that’s where the rubber meets the road; on an annualized basis we actually saw deceleration.  Funny how that works, isn’t it?
It’s An Illusion: Here Are the REAL Unemployment Numbers Employment-trends-april-2014
That’s right. That little down-hook in the above chart says it all. We’re creating jobs at a slower pace now than at the same time last year.
Contrarian economist John Williams suggests the the government’s numbers are not even close. At his web site ShadowStats.com Williams calculates the rate of employment using the same methods that were used prior to 1994 when they were officially defined out of existence by bureaucrats looking to pad the numbers.
According to those numbers, we’re looking at an unemployment rate of over 23%.
It’s An Illusion: Here Are the REAL Unemployment Numbers Shadowstats-april-2014
As the above chart shows, nearly one in four Americans are without work. That’s quite a disconnect considering the government’s numbers are off by about 265%!
Moreover, how is it possible that our economy is officially growing, while everyone in 20% of all American family households is unemployed?
According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working.
So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh.  One-fifth of the families in the entire country do not have a single member with a job. 
On top of that, nearly 50 million people are actively receiving food assistance – fully one in six Americans.
Yet, the stock market hit all time highs just this week.
Something isn’t right, especially if you take a look at the following chart which shows that America’s leading companies showed nearly zero earnings growth in the first quarter of 2014:
It’s An Illusion: Here Are the REAL Unemployment Numbers EPS-Growth
So, while the experts from the government and private business bloviate over the rigorous health of our economy and the success of President Obama’s policies, it’s important to keep in mind that they are doing their damnedest to bury the real story.
That’s because reality isn’t a fairy tale and as we have noted on numerous occasions it will end with the total detonation of the U.S. economy and financial markets, likely leading to a variety of serious issues that include a collapse of our currency and widespread impoverishment of the majority of people in this country.
What will follow will be nothing short of a total collapse of our way of life, so much so that Richard Duncan, author of The New Great Depression, suggests our entire civilization is in serious trouble:
If this credit bubble pops the depression is going to be so severe that I honestly don’t think our civilization can survive it.
When it does finally buckle, as noted by well known investor Doug Casey, it will be unstoppable and the speed of it will leave most people waking up to the danger after it has already happened.
How long the illusions will continue is anybody’s guess, but it should be clear that what we’re seeing from our government and their propaganda arm in the media is nothing but conjecture.
When the trick is finally revealed a whole lot of people are going to feel quite foolish.
Mac Slavo is the Editor of SHTFplan.com
Don't forget to follow the D.C. Clothesline on Facebook and Twitter. PLEASE help spread the word by sharing our articles on your favorite social networks.


Thanks to: http://www.dcclothesline.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum