While the media pants with exhilaration over a dip in the unemployment level that was created by over a half-million people giving up and dropping out of the workforce, a deep-dive into the employment numbers also reveals that it's mainly government workers benefitting from what meager job growth we are seeing. Over the last five months, 73% of all jobs created were government jobs. Moreover, the unemployment rate for government workers plunged to 3.8% in November -- which is considered full employment.
Even though deficits rule the day at
every level of government, according to the Bureau of Labor Statistics,
of the 847,000 new jobs created since June, a full 621,000 were
government jobs. In November alone, 35,000 new government jobs were
created.
In other words, as the labor
participation rate plummets to a thirty year low -- which means we have
fewer taxpayers -- we're not only increasing the number of
taxpayer-funded jobs, but the government is using the creation of these
jobs to juice the employment numbers in a way that makes it look as
though the job situation is actually improving.
Naturally, none of this would be
possible without a compliant media working overtime to bring out the
pom-poms and cover up what's really going on.
Let me tell you something, if Obama had
an "R" after his name and creating the exact same economic results, the
media would make damn sure the public was familiar with what "labor
participation rate" means.
Comment: The MSM refuses to report this information and thus the ignorant public remains convinced the economy is in recovery-it is not. Furthermore, one should ask what are those government jobs doing? How many are related to Obama Care? However, the most disturbing data point is " half-million people giving up and dropping out of the workforce," and this means fewer people working in total thus the burden on each existing worker is magnified. This is not sustainable!
No comments:
Post a Comment