It’s a game and the game is rigged…

clip_image002…It’s a game and the game is rigged…

 UNEMPLOYMENT RATE IS RIGGED

 

07-14-2017 • http://thelibertarianadvisor.com    When Obama took office, the unemployment was double digits, and now eight years later we find ourselves sitting at 4.3%.  Pretty hard to argue with those numbers… or is it?

Like most things in politics there is usually more behind the numbers than what meets the eye.

When looking at a chart of the unemployment rate for the past 10 years, it looks like we’re in a pretty good spot economically.   However, this rate known by economist as the U3 rate, gives a very narrow definition of unemployment and its calculation methodologies have been changed throughout the years.

U3 is also referred to as headline unemployment aka the number you see in the newspapers.

Did you know that once you’ve been unemployed for more than 1 year, you actually don’t count as being unemployed anymore? 

That’s right, you can be unemployed and not be counted as unemployed.   Actually, to not be counted as part of headline, you simply have to have not looked for work the previous 4 weeks.

So if you’ve been looking for months and can’t find anything meaningful and you become discouraged you can now find yourself counted in the U6 rate.    If this persists for more than 1 year, then you fall off u6 as well.

But what I think is the most egregious examples of how the unemployment rate is skewed is the following scenario:

Let’s say George used to be an engineer making $125,000 and George was laid off.  After not being able to find work George is now forced to take a job as a waiter and another as a bar tender.   Even if George is now making a fraction of what he used to make he actually now counts as two jobs to the economy vs the 1.  So in essence even though George is at a major net worse position the unemployment rate would benefit from his position.

Time after time you see the hospitality sector as the one sector gaining the most amount of jobs and sometimes government.  We can only have so many college educated waiters and waitresses. This is not a knock on anyone’s profession but rather an illustrative result.

My favorite source for reliable economic information is http://www.shadowstats.com .  They publish information on unemployment, inflation, money supply, etc.  What makes their site unique is that they not only include the headline numbers but also include prior methodologies for how the government used to collect statistics.  Read Full Story

 

any CRUELER in the manner she treats her to her employees than Apple, Nike, or clothing manufactures…???

…Tell me…is Ivanka any CRUELER in the manner she treats her to her employees than Apple, Nike, or clothing manufactures…???

Ivanka Trump Fancies Herself a Champion of ‘Women Who Work’—Tell That to Her Brand’s Factory Workers

By Celisa Calacal, AlterNet

A new report exposes the absurdity of the first daughter’s hashtag feminism. READ MORE»

 

…Ju$t follow the $$$$

…Ju$t follow the $$$$…

For all of the signs that the GOP health care bill is on life support, a key fact should still frighten Obamacare proponents: None of the so-called moderate Republican senators who could kill the bill have done so.

doubt Trump is the first President to restrict news outlets from briefings he is just more in your face

…I doubt Trump is the first President to restrict news outlets from briefings he is just more in your face…

A new bill aims to prevent the White House from dodging the free press. The White House has repeatedly prohibited news outlets from televising White House press briefings, and has increasingly communicated with reporters in restricted settings shielded from public view.

OK… Google lied… are you telling me that this is not SOP in American business and politics … come on get real

…OK… Google lied… are you telling me that this is not SOP in American business and politics … come on get real…

Google exposed: new evidence reveals an extreme level of manipulation, corruption

 

In September of 2011, Google’s Executive Chairman Eric Schmidt testified before Congress that Google was not manipulating search results to favor its own shopping service (it was). Schmidt also denied allegations that the company was a monopoly, citing a research paper written by David Balto, former policy director of the Federal Trade Commission. What Schmidt neglected to tell the Senate Judiciary antitrust committee was that Google had funded that research paper.And that’s …Read full article at NexusNewsfeed.com website »

 

…Really … bottom barrel publicly funded education … a state government still supportive of racially motivated SB1070 … no high end jobs…???

…Really … bottom barrel publicly funded education … a state government still supportive of racially motivated SB1070 … no high end jobs…???

CNBC: Governor Ducey On Arizona’s Top-Shelf Quality Of Life And Pro-Growth Environment
“When entrepreneurs get sick of being overtaxed and overregulated in places like California, they pack up a U-Haul (another great company based here) and move to Arizona.”

 

Trumpcare combination of population control and eugenics…

…Trumpcare combination of population control and eugenics…

The New Senate Bill Has The Same Old Medicaid Cuts. That Tells You Something.

The new Senate bill calls for some dramatic changes to taxes and spending, and to insurance regulations as well.

Here’s what the bill doesn’t change: the massive cuts to Medicaid, the federal-state program for low-income Americans.

And that tells you everything you need to know about Republican priorities.