Lies about "stimulus" spending, job creation, and unemployment statistics


This page is an extension of the catalog of Obama's lies, located on another page.  It can be (and it is) shown through anecdotal evidence that President Obama lies about everything, including socialized medicine, taxes, abortion, energy production, and even his own biography.  Perhaps even his Social Security number * and things as basic as his name — which he may never have legally changed from Barry Soetoro.*  This page is specifically about misleading unemployment numbers and statistics that are revised weeks after publication — month after month.

Related topic:

The Unexpected:  Bad economic news is always a surprise.



Record 95,102,000 Americans Not in Labor Force; Number Grew 18% Since Obama Took Office in 2009.  Barack Obama's presidency began with a record number of Americans not in the labor force, and it's ending the same way.  The final jobs report of the Obama presidency, released Friday, shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.  In December, according to the Labor Department's Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November; and the labor force participation rate was 62.7 percent, a tenth of a point higher than in November.

In Obama's Final Jobs report, A Record 95.1 Million People Were Not In The Labor Force.  Putting the exclamation point on a trend that has marked Obama's entire presidency, in the final Obama jobs report, the BLS announced that the total number of people not in the labor force grew once more, rising by 18,000 in December, and a whopping 841,000 in the past three months, to a new all time high of 95.102 million Americans no longer in the workforce.

Employers Added 156,000 Jobs in December.  U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year.  Nonfarm payrolls increased by 156,000 jobs last month, the Labor Department said on Friday.  The gains, however, still remain above a level that is considered sufficient to absorb new entrants into the labor market.

Obama's Failed Presidency.  I'm a former lifelong Democrat, stating here a clear and incontestable fact:  Barack Obama is a failed President.  It's true not just because of the sad realities such as that "Top Ex-White House Economist Admits 94% Of All New Jobs Under Obama Were Part-Time" — or, as the economists Alan Krueger and Lawrence Katz wrote in the original of that study:  "94 percent of the net employment growth in the U.S. economy from 2005 to 2015 appears to have occurred in alternative work arrangements".  ("Alternative work arrangements" referred there to Americans who were involuntarily working only part-time jobs — they simply couldn't find full-time, though that's what they wanted.)  In other words:  Obama's failure isn't just because of America's increasingly sales-clerk, and burger-flipping, workforce.

Labor force participation
Something Wicked This Way Comes.  The false narrative propagated by the captured mainstream media propagandists has been the labor force participation rate falling is strictly due to Boomers retiring.  Despite data proving the median Boomer household has less than $20,000 saved for retirement, the talking heads and brainless bimbos on CNBC and other corporate media outlets continue to purposely mislead the public with misinformation about Boomers retiring to live lives of luxury and endless vacations.  Meanwhile, the only demographic showing dramatic increases in labor participation are the old fogies who forgot to save.  How do the pundit propagandists explain the decline in participation by 25 to 54 year olds in their prime working years?  Are they busy finding themselves?  Did they hit the lottery? [...] Obama hoots about all the jobs added during his reign of error, but fails to mention that 94% of all jobs added since 2004 were either temporary or independent contractor jobs.  Low wage, part-time, no benefits, Obama jobs don't pay the bills.  That's why a record number of Americans have to work multiple jobs to survive.  The narrative about an improving economy, thriving jobs market, and glorious future is [nonsense].  I know it.  You know it.  And your establishment puppeteers know it.  But only "fake news" sites would dare reveal these inconvenient truths.


Media says we're in a jobs boom — we're not.  We keep reading in the media that the job market is on fire, that we're near full employment.  But it's a sad truth that the monthly jobs report doesn't really reflect what's going on in our hobbled economy.  As everyone knows by now, the jobs data for November show a decline from 4.9% to a 4.6% unemployment rate, as businesses created 178,000 new payroll jobs.  What could be better?  While we applaud these improvements, they mask deeper problems with the U.S. job market.  As American Enterprise Institute resident scholar Aparna Mathur notes, "You have to look beyond the headline numbers to understand the situation of the American workforce."  Indeed, troubling signs lurk beyond the "headline numbers."

Don't buy the lie that Obama's leaving behind a healthy economy.  After eight years of blaming America's problems on George W. Bush, the press that got the election wrong is rolling out a new line — that President Obama is handing President-elect Donald Trump a booming economy.  That takes some brass.  The jobless rate is down to 4.6 percent, and the growth rate is up above 2 percent or even 3 percent, with housing prices getting back to pre-recession levels.  Stocks are soaring.  So the idea seems to be that Obama has solved the problem in the nick of time.  "Obama's gift to Trump" is the headline on CNN.  "Trump inherits healthy economy" is the way the Financial Times is headlining the yarn.  Politico reckons that Trump is being handed an "Obama boom."

New Record:  Americans Not in Labor Force Breaks 95 Million for First Time.  The labor force participation rate, which is the percentage of the population that has a job or actively looked for one in the past month, declined from 62.8 percent in October to 62.7 percent in November.  The unemployment rate for all Americans declined from 4.9 percent in October to 4.6 percent in November.  This measure does not account for those individuals who have dropped out of the labor force and simply measures the percent of those who did not have a job but actively sought one over the month.  While the unemployment rate declined this month, the number of Americans joining the labor force declined by 226,000 individuals.  The "real" unemployment rate, otherwise known as the U-6 measure, was 9.3 percent in November, which declined from 9.5 percent in the previous month.

Labor force 2016
The Obama Economy And The Myth Of "Full" Employment.  [Scroll down]  There's another way to calculate the unemployment rate that is closer to the truth.  Add together the number who say they have stopped looking for work with those seeking a full-time job but who have settled for part-time work.  According to the Labor Department, stands at 9.3 percent, about double the "official" unemployment rate, and well above the pre-recession level, too.  Others place the U-6 rate even higher — at 11%.  And there's another critical issue to consider:  the quality, not just the quantity, of any new jobs.  Through 2014, the economy suffered a net loss of 1 million higher paying jobs, in sectors like accounting and legal work, but experienced a net increase of almost 2 million low-wage jobs in industries like fast food.  With lower-wage jobs increasing relative to higher-wage jobs, is it any wonder that real wages are continuing to decline?


The Big Lie: 5.6% Unemployment.  The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.  Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%.  The cheerleading for this number is deafening.  The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.  None of them will tell you this:  If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you've stopped looking over the past four weeks — the Department of Labor doesn't count you as unemployed.  That's right.  While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%.  Right now, as many as 30 million Americans are either out of work or severely underemployed.  Trust me, the vast majority of them aren't throwing parties to toast "falling" unemployment.

Americans Not In The Labor Force Soar To Record 95.1 Million:  Jump By 446,000 In One Month.  So much for that much anticipated rebound in the participation rate.  After it had managed to post a modest increase in the early part of the year, hitting the highest level in one year in March at 63%, the disenchantment with working has returned, and the labor force participation rate had flatlined for the next few month, ultimately dropping in November to 62.7%, just shy of its 35 year low of 62.4% hit last October.  This can be seen in the surge of Americans who are no longer in the labor force, who spiked by 446,000 in November, hitting an all time high of 95.1 million.

The jobs report is a perfect example of fake news.  On Friday [12/2/2016], we learned the US economy added 178,000 jobs in November and the unemployment rate fell to 4.6%, while over 95 million Americans were not in the labor force.  Each of these numbers — which come from a 39-page report filled with numbers — is true.  But each of these numbers can be framed in various ways to tell wildly different stories.  One person can say the unemployment rate is 4.6%.  Another person can look at the same report and say the unemployment rate is 40.3%.

Press Lets Earnest Claim 805,000 Manufacturing Jobs Gained Under Obama; 303,000 Jobs Have Been Lost.  At Wednesday's White House press briefing, Obama administration Press Secretary Josh Earnest, in a fit of completely unsupported arrogance, claimed that 805,000 jobs have been created "while President Obama was in office," and that "President Obama has set a high standard" in that regard.  The lazy stenographers posing as journalists present at the briefing, along with other reporters covering Carrier Corp.'s decision not to move its Indianapolis manufacturing jobs to Mexico, have failed to recognize what anyone whose job it has been to follow the economy during the Obama administration should know, namely that the economy, through October 2016, has fewer manufacturing jobs now than it did when President Obama took office in January 2009.

U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent.  The U.S. economy added 178,000 jobs in November, while the unemployment rate fell to 4.6 percent, a level not seen since August 2007, according to government data released Friday morning.  The first employment report since voters went to the polls last month shows an economy in strong shape as President-elect Donald Trump prepares to take office.  "It looks like firms are pretty bullish about what they're going to see in 2017 and are continuing their strong hiring of the past few years," said Steve Rick, chief economist at insurance company CUNA Mutual Group.  "This is a good tailwind for the new administration."

Record Number Employed: 152,085,000; But Record 95,055,000 Not in Labor Force.  In the first jobs report since the election, the Labor Department says a record number of people — 152,085,000 — were employed in November in the United States, but a record 95,055,000 Americans were not in the labor force — 446,000 more than October.  The employment growth pushed the unemployment rate down from 4.9 percent in October to 4.6 percent in November.  The number of unemployed Americans dropped in November to 7,400,000, the lowest of the Obama presidency.  But the labor force participation rate also dropped a tenth of a point to 62.7 percent in November.

Sarah Silverman Admits She Made Up a Wage-Gap Story, Then Calls Critics 'Maniacs'.  Comedian Sarah Silverman admitted that a story she told about wage discrimination (in which she even went so far as to call out a specific employer by name) was a lie — and then said people who might consider her lie a reason to question the movement she was supporting were "maniacs."  In an April 6 wage-discrimination-activism video for Levo League, Silverman accused New York Comedy Club owner Al Martin of having paid her less than a male comic for doing the same work: [...] Just one problem:  That didn't actually happen.

Obama's Disconnects and Delusions.  No American politician — and certainly no president — in my lifetime has caused such destruction and suffered so little personal accountability for it. [...] He talks about the unemployment rate's going down, but this obscures the reality that tens of millions have opted out of the workforce in despair.  The media know that the unemployment figure is meaningless when factoring in the labor participation rate.

Now They Tell Us:  Trump's Economic Plan Will Boost Growth.  [Scroll down]  Still, why weren't these "experts" proclaiming the overall virtues of Trump's economic policies before the election?  Why weren't they telling the public that meager 2% growth wasn't something we had to live with?  That the economy could grow faster if Washington would adopt actual pro-growth policies?  Had these experts done so, Trump's margin of victory probably would have been larger than it was, and he'd be entering the White House with a broader mandate to enact his economic agenda.  We can only speculate, but our guess is that none of these experts wanted to be seen as helping Trump win, so kept their optimistic appraisals to themselves until the election was over.

11 Economic Realities That Donald Trump Will Inherit From Barack Obama.  It would be a grave mistake to understate the amount of damage that has been done to the U.S. economy over the past eight years.  In this article, I am going to share some economic numbers with you that are extremely sobering.  Anyone that takes a cold, hard, honest look at the numbers should be able to see that our economy is in terrible shape.

The Real Reason the Media Got This Election All Wrong.  For years, we have been pointing out in this space that the economic recovery has been the worst on record.  We've noted how it has vastly underperformed every recovery since World War II, and how if it had been merely average, the country would be $2 trillion richer and millions more people would have jobs.  We pointed out how Obama's endless bragging about 15 million new jobs was misleading, given that job growth hadn't even kept pace with population growth since 2010.  How the number of people who'd dropped out of the labor force had grown at a faster rate than jobs, and the explosive growth in food stamps and disability rolls.  We noted that economic stagnation has been particularly punishing to lower-income families, who saw their household incomes decline, even as those at the top saw gains.

Government Workers Now Outnumber Manufacturing Workers by 9,977,000.  The United States lost 9,000 manufacturing jobs in October while gaining 19,000 jobs in government, according to data released by the Bureau of Labor Statistics.  Government employment grew from 22,216,000 in September to 22,235,000 in October, according to BLS, while manufacturing jobs dropped from 12,267,000 to 12,258,000.  The 22,235,000 employed by government in the United States now outnumber the 12,258,000 employed in manufacturing by 9,977,000.

Latest Jobs Report Masks Continuing Weakness.  A hard look behind the headline numbers — 161,000 new jobs created in October and the unemployment rate at 4.9 percent — reveals a weak economy falling behind the numbers posted last year.  First of all, that 161,000 number was below the 173,000 jobs estimated and predicted by Wall Street observers.  Second, it was far below September's jobs growth of 191,000.  Third, it brought the average monthly job growth for the year to just 181,000, compared to 229,000 per month for all of 2015.  Additional data points proved the point:  Big-picture numbers showed that the number of long-term employed (those jobless for 27 weeks of more) remained unchanged at two million, while the number of people employed part time for economic reasons (which the BLS calls "involuntary part-time workers") was also unchanged.  And so was the labor force participation rate, which remains stuck at 63 percent.  In other words, of those available for work, 37 percent aren't working.

Real Unemployment Rate: 9.5%.  Although much of the major media are reporting the national unemployment rate for October as 4.9%, the "real unemployment rate," as determined by the Bureau of Labor Statistics (BLS) and which includes part-time workers and those marginally attached to the work force, is 9.5%.  In other words, the real unemployment rate in the United States for October is nearly double the 4.5% rate reported by most media.  The "total unemployed" rate, or U6 number, is defined by the BLS as, "total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers," seasonally adjusted, workers 16 years old and over.

94.6 Million People Out of Labor Force in October.  In the final jobs report before election day, October's national unemployment rate fell to 4.9 percent.  The United States economy added 161,000 jobs, according to statistics released by the Labor Department.

Jobless Claims in U.S. Rise to Highest in Almost Three Months.  Filings for U.S. unemployment benefits unexpectedly rose to the highest level in almost three months, extending increases from a four-decade low.  Jobless claims increased by 7,000 to 265,000 in the week ended Oct. 29, a Labor Department report showed Thursday [11/3/2016] in Washington.  The median forecast in a Bloomberg survey called for a drop to 256,000.  Continuing claims dropped to the lowest since June 2000.

Job Growth Cools as Goods-Producers Lag.  American employers tacked on only 147,000 new positions in October, according to the latest ADP National Employment Report out Wednesday.  But companies in September are now believed to have tacked on 202,000 new jobs — up from first reports of 154,000.  The services sector generated an impressive 165,000 positions, but American goods-producing professions saw payrolls drop by 18,000 jobs.

Obama Oversells U.S. Economy.  In a recent speech, President Obama criticized Republicans for making claims about the economy and health care that are "not supported by the facts."  But Obama resorted to some spin of his own.  Obama said "America's economy is not just better than it was eight years ago — it is the strongest, most durable economy in the world."  Actually, China's economy grew by an estimated 6.9 percent in 2015 — more than double the U.S. rate.  Obama also claimed that "we've seen the first sustained manufacturing growth since the 1990s."  But manufacturing employment has declined by 35,000 in 2016, and it's still down 2.2 percent from when Obama took office.

Goodbye Middle Class: 51 Percent of All American Workers Make Less than 30,000 Dollars a Year.  We just got more evidence that the middle class in America is dying.  According to brand new numbers that were just released by the Social Security Administration, 51 percent of all workers in the United States make less than $30,000 a year.  Let that number sink in for a moment.  You can't support a middle class family in America today on just $2,500 a month — especially after taxes are taken out.  And yet more than half of all workers in this country make less than that each month. [...] 38 percent of all American workers made less than $20,000 last year.  51 percent of all American workers made less than $30,000 last year. [...] The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.

America's quiet catastrophe:  The collapse of work for men.  From one perspective, things are looking pretty good in America today.  The stock market — and U.S. personal wealth holdings — are at or near their all-time highs, and unemployment rates are back down to 5% or less — well below the postwar average, and purportedly even near "full employment," according to widely received wisdom.  But a closer look reveals something else entirely.  These optimistic indicators mask a quiet catastrophe hiding in our shadows.

Census Bureau:  Americans' Incomes Have Dropped in 2016.  President Obama got a fair amount of good press a few weeks ago when it was reported that Americans' incomes had risen.  But that was from 2014 to 2015.  During 2016, Americans' incomes have dropped.  New figures from the U.S. Census Bureau's Current Population Survey, compiled by Sentier Research, reveal that the typical American household's real (inflation-adjusted) income has taken a turn for the worse during this election year.  In December 2015, the real median household income was $57,701 (in seasonally adjusted, August 2016 dollars).  Eight months later, in August 2016 (the most recent tally available), that figure has dropped to $57,380.  That's a decline of $321 across eight months.

Disappointing 156,000 jobs added in September.  Payroll growth was disappointing for a second straight month in September as employers added 156,000 jobs, which raised questions about the health of an economy that was expected to perk up from a prolonged slump in the second half of the year.  The unemployment rate rose to 5% from 4.9%, the Labor Department said Friday [10/7/2016], as a rise in employment was more than offset by a sharp increase in the labor force, or the number of Americans working and looking for jobs.  Economists surveyed by Bloomberg had forecast 172,000 payroll gains.

Unemployment Rises To 5 Percent In September; 94,184,000 Out of Labor Force.  The national unemployment rate in September rose to five percent, as the United States economy added only about 156,000 jobs, according to statistics released by the Labor Department on Friday [10/7/2016].  That number is lower than analyst expectations, who predicted a 175,000 boost in jobs.

Green Pixie Dust Energy Policies.  "There's been a record six straight years of job growth, and new Census numbers show incomes have increased at a record rate after years of stagnation," NBC Nightly News anchor Lester Holt misinformed Americans, as he launched the first Trump-Clinton presidential debate September 26.  In reality, Obama era economic growth has been an anemic 1-2% annually.  More than 93 million working-age Americans are still not working, and over 6 million are working part-time, because their hours have been cut back or they cannot find full-time positions.  We're creating jobs by turning four high-pay full-time jobs with good benefits into six lower-pay part-time positions with few or no benefits.

Obama's First Economic Chief Says One-Third Of Men Will Be Jobless.  President Barack Obama's first economics deputy says current U.S. economic policies would leave one-third of working-age men unemployed in 2051. [...] Currently, four million Americans turn 18 each year, and the federal government imports 2 million permanent or temporary foreign workers each year, including a few hundred thousand illegals.

No, Unions Don't Increase Everyone's Wages.  2016's edition of Labor Day followed a well-established tradition — unions claiming credit for every worker gain.  Among their most common assertions, often incorporated in attributing negative wage trends to eroding union power, was that unions raise all workers' wages.  Unfortunately, unions retard rather than raise others' real earning power.  Unions leverage special government-granted powers (e.g., unique exemptions from antitrust laws) allowing current employees to prevent competition from others willing to do the same work for less.  This is a form of collusion that, done by any business, would be legally prosecuted.  The higher union wages that result are then credited for raising all workers' wages because they supposedly force up other employers' wages to keep their workers from leaving for those better-paying alternatives.  However, their claim cannot be true without violating the law of demand.

Incomes Under Obama Are Nothing to Brag About.  On Wednesday, the New York Times, Wall Street Journal, and Washington Post all ran above-the-fold, page-1 headlines touting recent gains in income for the typical American household.  President Obama appeared at a political rally in Philadelphia and, after citing these gains and the existence of lower gas prices, proclaimed, "Thanks, Obama."  (He really said this.)  And, indeed, the top-line claim that real median household income rose 5.2 percent from one year to the next — "the first [statistically significant] annual increase in median household income" of the Obama presidency — is true.  But the overall impression given by the press corps — that happy days are here again — is false.

Labor Day when there is no work.  The prospects of finding a job, especially a full time highly paid position are becoming a rarity for more employment seekers with each passing year.  What is going on to the engine of prosperity?  Some forecasters paint a bleak portrait for adjusting to the development of technological reshaping of society.

The government says you are not unemployed if you work at least one hour a week and make at least $20.
Real Unemployment 9.7%.  According to Gallup, relying on data from the Bureau of Labor Statistics (BLS), the real unemployment rate on July 1 was 9.7%, which was up from 9.6% on June 1.  That is nearly double the often cited unemployment rate, which was "officially" 4.9% in July.  "Widely reported unemployment metrics in the U.S. do not accurately represent the reality of joblessness in America," said Gallup on its website.  "For example, the U.S. Bureau of Labor Statistics (BLS) does not count a person who desires work as unemployed if he or she is not working and has stopped looking for work over the past four weeks," said Gallup.  "Similarly, the BLS does not count someone as unemployed if he or she is, for instance, an out-of-work engineer, construction worker or retail manager who performs a minimum of one hour of work a week and receives at least $20 in compensation."

Hillary Clinton, You're No John F. Kennedy.  The unexpectedly soft U.S. Bureau of Labor Statistics August job report will lend a little political advantage to Trump.  In general, jobs came in 30,000 to 40,000 below expectations.  Manufacturing and goods-producing jobs decreased, wages were nearly flat and retreated to 2.4 percent year on year, the private and manufacturing workweeks fell, and overall hours dropped.

Clinton, Trump and Obama aren't telling American workers the truth.  Here it is.  There is no question that a portion of the jobs many of us perform today will be lost to robotics, automation, and the rise of artificial intelligence in the next few decades.  A recent study by AppliedTechonomics, for instance, found that we currently have the technological capacity to automate 52 percent of the activities performed by workers in the manufacturing sectors.  Moreover, the study found that manufacturing is the second most automatable sector in the global economy, just behind the services industry.  Given this reality it is bordering on malpractice that our current candidates and public officials have not done more to help prepare us all for a future in which accelerated technological change has a major impact on our labor force.

Government Workers Now Outnumber Manufacturing Workers by 9,932,000.  Government employees in the United States outnumber manufacturing employees by 9,932,000, according to data released today by the Bureau of Labor Statistics.  Federal, state and local government employed 22,213,000 people in August, while the manufacturing sector employed 12,281,000.  The BLS has published seasonally-adjusted month-by-month employment data for both government and manufacturing going back to 1939.  For half a century — from January 1939 through July 1989 — manufacturing employment always exceeded government employment in the United States, according to these numbers.

94,391,000 Americans Out of the Labor Force in August.  The United States labor force participation rate rose by 58,000 in August, according to statistics released by the Labor Department on Friday [9/2/2016].  That leaves a total of 94,391,000 Americans not in the work force, unchanged from July's 62.8 percent.

Caution:  Men (Not) At Work.  Nicholas Eberstadt, a fellow at the American Enterprise Institute, argues in a new book called "Men Without Work," due out next week, that we're suffering not from full employment, but massive underemployment — in particular, nearly one out of six working-age men have no job and are no longer looking for one.  A release for his book calls this "a hidden time bomb with far-reaching economic, social and political consequences."  With 10 million fewer male workers in the labor force than we should have, it's hard to disagree.

Every Job Obama Has Created Cost $2,720,677 On Average to Produce.  You see, Hillary is running on the false narrative that we're living in Obama's recovery, but if that was true, then there would be no need for the Fed to take corrective action of any kind.  With that said, the economy is limping along and gasping for breath at under 1% growth, so Democrats and the Fed are being forced to walk a fine line.  Hillary and the Democrats are banking on their voters never being any the wiser regarding the whole situation, and with our dishonest media, that's a safe bet.

Economic Growth Stalls At Wrong Time For Hillary.  "The truth is, those looking overseas for growth opportunities are the smart ones, because if we have another four years like President Barack Obama's past eight, you'd have to be an idiot to invest in America with this assault on growth by Washington, D.C."  That was Americans for Limited Government President Rick Manning's shooting-from-the-hip response to the latest revision to the gross domestic product by the Bureau of Economic Analysis in the second quarter.  The number was revised downward from a tepid, inflation-adjusted 1.2% annualized to 1.1%.

The new GDP numbers are terrible.  No wonder Hillary won't talk about the economy.  We got revised GDP numbers from the Commerce Department on Friday [8/26/2016] and the economy actually did slightly WORSE than originally estimated.  Growth was 1.1 percent in the second quarter of this year and less than 1 percent for the first six months of 2016.  The business sector of the economy has sunk recession territory.  Profits are srinking (down 2.4 percent last quarter) so how long can the stock market rise?  The consumer is keeping the economy out of negative territory, but that's only because we are spending more than we are earning.  How long can that go on?  About as long as the housing bubble could inflate without bursting.

Obama lied, real wages died.  Negative 4.6 percent!  That is the difference between the 4.2 percent real hourly wage increase that the Obama administration's Bureau of Labor Statistics (BLS) claimed American workers enjoyed at the end of the first quarter of 2016, and the revised reality of a 0.4 percent drop in wages reported for that same period in the report released in August, as Breitbart noted.  It is almost as if 1960s television sitcom spy Maxwell Smart is the commissioner of the statistically challenged BLS in this "missed it by thaaat much" report.

The real unemployment rate
It's Time To Dump The Unemployment Rate.  An unemployment rate below 5% is a relatively rare thing.  Only twice before in the past 40 years has it dropped that low — once in the late 1990s during that economic boom, and again briefly in 2006-2007.  Yet unlike before, there is little joy in Mudville today.  Instead of confidence and optimism, there is only malaise.


Record 25,984,000 Immigrants Employed in the United States in July.  The number of immigrants employed in the United States reached another monthly record high in July, according data released Friday by the Bureau of Labor Statistics.  The BLS reports that 25,984,000 foreign-born people had a job in the U.S. last month, up 133,000 compared to the previous record set in June.  The Labor Department defines the "foreign-born" as "those residing in the United States who were not U.S. citizens at birth."

Malaise
Are You Better Off Than You Were 7 Years Ago?  The question isn't whether the country is better off than it was when Obama took office — when it was still in a recession — it's whether the country is better off than it was when the recovery started almost exactly seven years ago.  Using that as the gauge, many Americans — by several measures — are actually worse off after seven years of Obama's "recovery" than they were just as the recession was ending.


Here's why Biden's middle-class savior shtick is [nonsense].  The Fed's analysis concludes that most middle-income occupations were paying between $13.83 and $21.13 per hour.  Yet, those jobs haven't been recovered, as perhaps Biden thinks may happen under Clinton.  They've been replaced by low-wage occupations that pay less than $13.83 per hour, which made up most of the job gains from 2010-2013.  This is the America that Obama has handed us.  Americans today are saddled with as much credit card debt as they were prior to the financial crisis.  And as early as mid 2014, 1 in 3 Americans, or 77 million, adults had their debts put into "collection."  Middle-income wages are shrinking; wealth is deteriorating — and a larger portion of this middle-income demographic is simply leaving the "middle-class" and joining the ranks of the poor.

Obama's Economic Growth Gap Now Tops $2.2 Trillion.  Economists were surprised Friday when the Commerce Department reported that growth in the second quarter of this year was a mere 1.2%.  But the real surprise is that anyone is surprised when the economy underperforms, since that's what it has been doing for the past seven years.  There has not been a single year in the past seven when the economy did better than President Obama promised, or that most economists expected.  Indeed, the real problem isn't the tepid growth in the second quarter, after an equally tepid first quarter.  The real problem is that under President Obama's economic stewardship, the economy has grown far more slowly than it did in any of the previous 10 economic recoveries since World War II.  What this means in terms of wealth and prosperity can easily be seen when you compare the actual results under Obama to the average results of those previous recoveries.

Obama: 'Our Country is Stronger and More Prosperous Than It Was When We Started'.  President Barack Obama said in a speech to the Democratic National Convention on Wednesday night that "our country is stronger and more prosperous that it was when we started."  "I stand before you again tonight, after almost two terms as your president, to tell you I am more optimistic about the future of America than ever before," Obama said in his speech.  "How could I not be — after all that we've achieved together?"

Former Pennsylvania governor insists companies have no choice but to import STEM workers:
Clinton Surrogate Stokes Foreign Worker Myth.  The former governor of Pennsylvania on Sunday repeated an oft-made claim about high-skilled, foreign guest workers — that they are needed to fill jobs Americans can't do.  Ed Rendell, who is also one of Democratic presidential candidate Hillary Clinton's biggest boosters, made his comments on C-SPAN in response to a caller's question about foreign workers.  Rendell said underperforming schools do not produce enough people qualified for science, technology, engineering, and math jobs.  So companies have to turn to the H-1B visa, which allows foreigners to come to the United States for up to six years, he said.

Labor Force Participation Rate Dropped to 62.8% In April: 94,044,000 Out.  The number of Americans not in the labor force last month totaled 94,044,000, 562,000 more than in March — and the labor force participation rate dropped to 62.8 percent (near a 38-year low), following four straight months of slight improvement.  When President Obama took office in Janaury 2009, the labor force partipation rate was 65.7 percent, after hovering in the 66-67 percent range for much of the George W. Bush presidency.  The recession inherited by the Obama administration officially ended in June 2009, but the labor force participation rate continued to drop during Obama's two terms, hitting 62.4 percent in September 2015, its lowest point in 38 years.

The Noise Behind the New Jobs Report.  The number of unemployed Americans fell 484,000 in May and the unemployment rate dropped 0.3 percentage points, mostly driven by Americans leaving the job market and no longer looking for work.  Unemployment increased by 347,000 workers in June and the unemployment rate increased 0.2 percentage points, mostly driven by Americans returning to the labor force and looking for work.  Statistical noise almost certainly explains these swings.

Nearly half of U.S. workers consider themselves underemployed, report says.  If you majored in physical education and find yourself working as a dog groomer, consider yourself a poster child of the underemployed.  Nearly half of U.S. workers consider themselves underemployed, according to a survey of more than 960,000 people by PayScale, an online provider of salary information.  Three-quarters of those who label themselves as such say they're not working in a job that uses their education and training.  One quarter say they are working part time but want full-time work.

Hillary's 'economy' attack is hopeless.  Hillary Clinton is known for her shameless hypocrisy, but her broadside Tuesday [6/21/2016] against Donald Trump was over the top — even for her.  Start with the fact that, while her whole point was to slam Trump's economic plans, she kicked it off by lauding — yes, lauding — President Obama's economic record.  This, when Obama's the first president in history never to see 3 percent growth or more in a single year of his watch.  When record numbers of workers have given up on finding jobs and dropped out of the labor market.  When the Federal Reserve predicts sluggish (at best) growth for the next few years.  Yet Clinton claims this is her role model for boosting the economy.

America In Free Fall.  President Obama, in response to attacks on his record by Trump-and by Bill Clinton, who has spoken of "the awful legacy of the last eight years"-is entering the campaign to brag about the current economy.  But to do so, President Obama must ignore a number of liabilities that are soon coming due.  Under his tenure, he did not address the unsustainable actuarial realities of Social Security and Medicare.  The federal debt doubled in a manner never seen prior and can be now serviced only through de facto zero-interest rates, which in turn ossify economic growth.  Due to tax hikes, new financial and business regulations, and the socialization of the health care system, per annum GDP growth under the President's tenure will go down in history as the worst since the Great Depression.  He ignored the Clinton-Gingrich compromise formula of a quarter-century ago of balancing budgets by cutting defense, capping spending, and raising taxes.  Instead, Obama slashed defense spending and hiked a number of taxes, but ignored entitlements, ensuring $500 billion annual deficits-deemed successful because they were less than his first-term normal of $1 trillion annual shortfalls.  The President points to the 5 percent unemployment as proof of his success, but that figure reflects Obama-era methodologies of not counting all those who have given up looking for jobs.  In May 2016, a record 94,708,000 Americans were no longer in the labor force-the highest percentage of non-working Americans since the Great Depression.

3 Economic Facts That Counter Obama's Recovery Narrative.  A quick look at the facts will show that Obama's economic performance has been weak — even by his own standards.  In its budget for the fiscal year 2010, the Obama administration estimated that real gross domestic product would decline in 2009 by 2.8 percent that year and then increase by 2 percent in 2010.  Furthermore, the White House forecast that by 2011 its massive stimulus program would start paying off, with growth accelerating to 3.8 percent that year and then soaring above 4 percent from 2012 to 2014.

15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesn't Want You To See.  The following are 15 facts about the imploding U.S. economy that the mainstream media doesn't want you to see:
  [#1] Industrial production has now declined for nine months in a row.  We have never seen this happen outside of a recession in all of U.S. history.
  [#2] U.S. commercial bankruptcies have risen on a year over year basis for seven months in a row and are now up 51 percent since September.
  [#3] The delinquency rate on commercial and industrial loans has been rising since January 2015.
  [#4] Total business sales in the United States have been steadily dropping since the middle of 2014.  No, I did not say 2015.  Total business sales have been in decline for nearly two years now, and we just found out that they dropped again.
  [#5] U.S. factory orders have been dropping for 18 months in a row.
  [#6] The Cass Shipping Index has been falling on a year over year basis for 14 consecutive months.
  [#7] U.S. coal production has dropped to the lowest level in 35 years.
  [...]

The Obama Economy and the Fed's New Pessimism.  The Fed made clear this week that it understands that the Obama economy is not going anywhere and, therefore, neither are rates.  President Obama actually thinks he's doing a great job with the economy.  The Federal Reserve knows better.  Scary.  Because one of the least-remarked features of the barely growing economy is that it is occurring in an environment of basically zero interest rates.  Investors have nearly free money, and Obama still can't make the economy work.  The Fed is being as stimulative as it can without actually paying people to take money.  And if the ISIS terrorists Obama has permitted to spawn inflict an economically disastrous strike or something else spurs an economic meltdown, there are very few tools left to deal with it.

Is it Friday night already?
Obama Administration to Revise Total GDP Growth Down 2%.  The Commerce Department is set this July to publish a stunning 2 percent downward revision of gross domestic product (GDP) during the Obama Administration term in office.  The Department's Bureau of Economic Statistics (BEA) regularly makes small revisions to its published statistics as more information becomes available over time.  But in a massively large adjustment, the BEA just revised downward — by $346 billion — the real (after-inflation) GDP for 50 states and the District of Columbia, covering the 11-year period from 2005 through the end of 2015.

Inflation, Lies and the Big Mac Index (BMI).  While inflation is bad enough when it's out in the open, the ill effects of inflation are even worse when they are covered up and lied about by public officials.  Prices rise, wages stay flat.  Taxes originally intended for the ultra-rich fall on wage-earners.  Stock portfolios balloon, but their buying power deflates.

Lies and Bureau of Labor Statistics.  ["]Employers only added 38,000 jobs last month, while March and April numbers were revised down by a total of 59,000 jobs.["]  They always are "revised down," each and every month, and they have been for a long time. [...] We're not going to be "entering" any new recession, because we never left the old one.  Instead, it worsened to a depression, which is what we're fully and firmly mired in now, try as the government liars might to obscure it.  Anybody who's out there looking for a decent job, or sweating holding onto one they already have, knows it all too well already.

How Obama Has Made It Harder for Companies to Hire.  Government data released on Wednesday [6/8/2016] shows the number of private-sector job openings was at an all-time high in April.  Companies, however, hired the fewest number of people on a seasonally adjusted basis in nine months.  Why the disparity?  The JOLTS (Job Openings and Labor Turnover Survey) data the government released show there were 5,289,000 private-sector job openings in April — 114,000 more than in March.  The government report also shows that private-sector hires declined by 169,000 compared to March.  With private companies advertising so many job openings, why are they not filling them?

Average Man With Full-Time Job in U.S. Earned Less in 2014 than 1973.  The average man with a full-time job in 2014 earned less than the average man in 1973, according to the Brookings Institution.  The think tank's economy-focused Twitter account revived a striking statistic over the weekend, shedding additional light on the perceived economic stagnation and frustration among middle-income Americans in recent years.

It's Time To Blame Obamacare For Losing So Many Full-Time Jobs.  Last Friday [6/3/2016], the Bureau of Labor Statistics (BLS) released the worst jobs report in almost six years.  The US economy only added 38,000 jobs, less than a tenth of the estimated 458,000 Americans who left the workforce.  In fact, thanks to revisions made to the March and April reports, that exceeds the number of jobs created in the past three months (348,000) by more than 100,000.  The workforce participation rate dropped back to 62.6 percent, near a 40-year low, and more than three full points below its level at the start of the recovery in June 2009 (65.7 percent).  To call this a wide miss is an understatement.  Economists had predicted a moderate jobs gain, with Reuters forecast.  The unemployment rate dropped to 4.7 percent, but analysts widely noted that this was a result of the large exodus from the workforce.  That included an increase of 130,000 among those who have left the workforce but still desire employment, outnumbering the jobs added in May.

A Builder or a Blabber in the White House.  On Monday [6/6/2016], Federal Reserve Chairman Janet Yellen gave a somber assessment of the current jobs market, throwing cold water on President Obama's election-year messaging.  President Obama has been bragging that America has "the strongest" economy in the world.  Right, and pigs can fly.  GDP growth under Obama has averaged a stagnant 1.7 percent a year.  Meanwhile, Ireland is growing at nearly 8 percent, and India at 7 percent.  And the Obama economy isn't only a loser when compared with other countries.  Compared with what Americans enjoyed for decades, this is "the worst economic-growth record of any president" since the Great Depression, says Stanford economist Michael Boskin.

'Frightening' Number of Unemployed Have Given Up on Looking:  Survey.  Nearly half of unemployed Americans have quit looking for work, and the numbers are even worse for the long-term jobless, according to a poll released Wednesday that paints a grim picture of the labor market.  Some 59 percent of those who have been out of work for two years or more say they have stopped looking, the Harris Poll of unemployed Americans showed.  Overall, 43 percent of the jobless said they have given up, according to the poll released in conjunction with Express Employment Professionals, a job placement service.

The Great CEO-Worker 'Pay Gap' Is Nothing But A Union-Built Myth.  [The AFL-CIO] reports this year that the typical CEO running an S&P 500 firm received total compensation of $12.4 million in 2015 while the average rank-and-file worker was paid just $36,875 — a pay gap of 335-to-1.  But the AFL-CIO can only get such an inflated pay ratio by applying a series of statistical sleights of hand that result in an invalid apples-to-oranges comparison of the total compensation for CEOs to the cash wages of mostly part-time workers.  To start, the AFL-CIO only considers a very small sample of S&P 500 CEOs to get its 335-to-1 ratio.  Using a larger, more representative sample of CEOs produces a much smaller pay gap.

More than 100 million working-age Americans do not have jobs.  This is exactly what we have been expecting to happen.  On Friday [6/3/2016], the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May.  This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth.  In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000.  This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.

If you want economic growth, pick the candidate who's actually created jobs.  Obama's been bragging that America has "the strongest" economy in the world.  And pigs can fly.  Growth under Obama has averaged a stagnant 1.7 percent a year.  Meanwhile, Ireland is growing at nearly 8 percent, India at 7 percent, Sweden at 4 percent.  The Obama economy is embarrassing compared to those countries — and compared to what Americans enjoyed for decades.  It's "the worst economic-growth record of any president" since the Great Depression, says Stanford economist Michael Boskin.

In Interview With Fox's Bret Baier, Clinton Delivers Rambling Non-Answer on Economy.  In an interview segment aired Wednesday evening, Fox's Bret Baier asked Hillary Clinton how her economic policy would differ from President Obama's.  Clinton delivered a monologue, that despite its length and breadth of talking points, failed to actually answer the question.  "You have said that President Obama got the country out of an economic ditch.  If you look at the polls, the average of recent polls, the right direction/wrong direction, 65% of Americans say the country is headed in the wrong direction.  So what specifically would you do differently with the economy than President Obama has done?"  "Well, I think that 76 months of job creation is a good start," Clinton said haltingly.

Goldman Sachs:  Obamacare forcing hundreds of thousands into part-time work.  Obamacare is forcing hundreds of thousands of people into part-time work, according to a new analysis from the bank Goldman Sachs.  In a research note sent out Wednesday, bank economist Alec Phillips concluded that "the evidence suggests that the [Affordable Care Act] has at least modestly elevated involuntary part-time employment."  He wrote that a "few hundred thousand" workers may have had their hours cut or been forced to take part-time jobs because of the law.

Why you should never blindly trust the official unemployment rate.  Friday's job report was a study in whiplash.  The unemployment rate dropped a remarkable 0.3 percentage points:  It was 5 percent in April, and fell to 4.7 percent in May.  Which sounds great!  But only 38,000 jobs were created last month.  That's absolutely abysmal.  It's likely the Verizon strike temporarily eliminated 35,000 to 40,000 jobs in May, which will return now that the strike is over.  But even that would've only brought May's count to just under 80,000 new jobs.  By comparison, 2015 averaged 221,000 jobs per month, and 2014 averaged 260,000 per month.  On top of that, job creation numbers for both March and April were revised down for a total loss of 59,000.  Which is not good at all.

Dismal jobs report blamed on weather, Trump, etc.  In a flash, the U.S. labor market appeared to morph Friday [6/3/2016] from a reliable race car into a creaky bicycle.  Not only did the economy create just 38,000 new jobs in May, its weakest showing since 2010, but the Labor Department revised down employment gains for the previous two months by 59,000.  That cut average monthly gains in 2016 to about 150,000 from 209,000 last year.  Why have employers suddenly throttled back hiring?

Lousy jobs report tells the truth about the Obama economy (and it ain't pretty).  The economy added a paltry 38,000 new positions in May.  The liberal media will apologize that the Verizon strike likely cut 35,000 jobs from the report but monthly job gains have been trending down since 2014 and 2015.  That's frustrating a stronger recovery in wages, especially for minorities.  Ronald Reagan accomplished about twice the jobs and GDP growth during his recovery by cutting taxes, tearing down regulations and negotiating a deal with Asia exporters to stop pushing down values of their currencies.  Consumers are spending and second quarter GDP growth appears to be strong, but businesses have good reason to make do with the workers they have.  Liberal meddling makes hiring and investing in America too tough.

Employers Added 38,000 Jobs in May.  The U.S. economy created the fewest number of jobs in more than five years in May, hurt by a strike by Verizon workers and a fall in goods producing employment, pointing to labor market weakness that could make it difficult for the Federal Reserve to raise interest rates.  Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the Labor Department said on Friday [6/3/2016].

Perhaps This Was a Bad Week to Chastise People for Doubting the Economy.  The economy added only 38,000 jobs in May and the workforce shed almost half a million people.  To summarize the sentiments of most analysts, not great.

Portrait of the Obama economy Funniest Labor Report Ever.  [Scroll down]  The corporate MSM will roll out the usual "experts" to blather about the retirement of Baby Boomers as the false narrative to deflect blame from Obama and his minions.  The absolute absurdity of the data heaped upon the ignorant masses is clearly evident in the data over the last three months.  Here is government idiocracy at its finest:
Number of working age Americans added since March — 406,000
Number of employed Americans since March — NEGATIVE 290,000
Number of Americans who have supposedly voluntarily left the workforce — 1,226,000
Unemployment rate — FELL from 5.0% to 4.7%
Talk about perpetrating the BIG LIE.  Goebbels and Bernays are smiling up from the fires of hell as their acolytes of propaganda have kicked it into hyper-drive.  We only need the other 7.4 million "officially" unemployed Americans to leave the work force and we'll have 0% unemployment.  At the current pace we should be there by election time.  I wonder if Cramer, Liesman, or any of the other CNBC mouthpieces for the establishment will point out that not one single full-time job has been added in 2016.  There were 6,000 less full-time jobs in May than in January, while there are 572,000 more low paying, no benefits, part-time Obama service jobs.  Sounds like a recovery to me.  It gets even better. [...]


Obama Credits Self for Economic Recovery — 'Smart Decisions Early in My Presidency'.  In his weekly address released Saturday morning, President Barack Obama credited himself for the economic recovery throughout the country and specifically pointed to Elkhart, IN, where he gave a speech about the economy earlier in the week as an example.

The US may have actually lost jobs in May, economist says.  As if the May jobs picture wasn't bad enough already, one economist said it was even worse.  Nonfarm payrolls actually declined 4,000 during the month, according to Jonathan Wright, a Johns Hopkins economic professor who wrote an analysis Friday [6/3/2016] for the Brookings Institution, a generally left-leaning think tank.  That number compares to the already-dismal 38,000 count released Friday morning from the Labor Department.  The report triggered a decline in the stock market and, perhaps more importantly, a sharp drop in expectations for interest rate hikes this year.

Shock Report on Jobs Signals Obama Economy Is on Brink of Recession.  The May jobs report is a shocker, with nonfarm payrolls up only 38,000 and private jobs up a mere 25,000.  Investors and economists are making the case that this was a weird, one-off, statistical glitch and that stronger employment is on the way.  They might well be wrong.  If you smooth out the numbers with a three-month moving average, job increases have been slowing for five months.  The three-month pace in December was 281,000 jobs.  In the May report, the pace nosedived to 107,000.  The unemployment rate fell to 4.7%, largely because 458,000 people left the labor force.  This spells trouble for the economy.  And if you step back and look at the whole business sector, a case can be made that the United States has been in a mild business recession for as much as a year, if not longer.

Job growth in May worst in 5 years.  The unemployment report for May is an absolute disaster.  "Unexpectedly," after economists predicted that 164,000 new jobs would be created, only 38,000 nrew jobs were counted.  While the "official" unemployment rate dropped to 4.7%, the reason for the drop was familiar:  more people became discouraged about looking for work and dropped out of the labor force entirely.  In fact, that broader measure of joblessness was more than twice the "official" rate:  9.7%.

Fewer jobs, more death — Obama's America.  The latest numbers from the Bureau of Labor Statistics show workforce participation is at an all-time low.  Some 94,708,000 Americans are out of work or have given up looking.  It's no wonder they gave up.  Fifteen thousand construction jobs disappeared in May, along with 10,000 manufacturing jobs and 11,000 more in logging, mining and the oil and gas sector.  Even the much-vaunted information sector — "the new economy" — shed 34,000 jobs.  While the economy supposedly added only 38,000 jobs in May, that's fewer than 1,000 per each of our 50 states, it's worse when you look at what kind of jobs they were.  More than half of the new jobs, some 22,000, were in bars and restaurants.  Bartenders, waitresses and busboys have a hard time paying back their student loans let alone starting or supporting a family.

Obama To Middle America:  The Economy Is Doing Great, And If You Don't Think So, You're Dumb.  [Scroll down]  "People are anxious and uncertain about the economy," Obama said in the opening of his speech, to which his basic message was, "How dare they?"  Don't people know about how Obama saved the country from the second Great Depression, or how he single-handedly saved the auto industry, or how his "investments" in clean energy and roads created so many jobs?  "By almost every economic measure," he declared, "America is better off than when I came here at the beginning of my presidency."

The Key Economic Facts Obama's Recovery Narrative Ignores.  President Barack Obama took an economic victory lap in Elkhart, Indiana, on Wednesday [6/1/2016].  In a major speech he argued his policies have brought the economy back.  He blamed remaining economic weaknesses on trends preceding his administration.  This analysis has the economic facts precisely backwards:  Economic growth benefitted Americans up and down the income distribution until the Great Recession.  Since then, Americans have struggled considerably.

Record 94,708,000 Americans Not in Labor Force; Participation Rate Drops in May.  A record 94,708,000 Americans were not in the labor force in May — 664,000 more than in April — and the labor force participation rate dropped two-tenths of a point to 62.6 percent, near its 38-year low, the Labor Department's Bureau of Labor Statistics reported on Friday [6/3/2016].  When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce — some of them retiring and some just quitting because they can't find work.  "By almost every economic measure, America is better off than when I came here at the beginning of my presidency," President Obama told the people of Elkhart, Indiana three days ago.  "We cut unemployment in half, years before a lot of economists thought we would."

Elitist Arrogance.  White teenage unemployment is about 14 percent.  That for black teenagers is about 30 percent.  The labor force participation rate for white teens is 37 percent, and that for black teens is 25 percent.  Many years ago, in 1948, the figures were exactly the opposite.  The unemployment rate of black 16-year-old and 17-year-old males was 9.4 percent, while that of whites was 10.2 percent.  Up until the late 1950s, black teens, as well as black adults, were more active in the labor market than their white counterparts.

Obama Blames 'Right-Wing' Media for Angering 'White People'.  President Barack Obama accused "right wing" talk radio and cable channels like Fox News of angering white people in America about the economy, arguing that it was actually doing really well under his administration.  During his speech, Obama decried Republicans who campaigned on stopping "welfare queens" complaining about "makers and takers" and even referred to Mitt Romney's 47 percent comment.  "Their basic message is anti-government, anti-immigrant, anti-trade, and let's face it — it's anti-change," Obama said, accusing them of lying just to oppose him.

Our part-time jobs president.  Although a sitting president can exercise a great deal of influence in trying to shape his "legacy," in the end it is always history that makes the final call.  From a job creation perspective, it is highly likely that President Barack Obama will be remembered as the "part-time jobs president."  Despite campaign and media claims of helping the "low-income working people," probably no other president in history has directed federal agencies under the control of the executive branch to pursue economic and fiscal policies that have created a boom in part-time, low paying jobs.  The creation of these is mostly at the expense of full-time, better paying jobs.

Hillary Clinton Says She'll Put A Tax-Cutting Deregulator In Charge Of Economic Policy.  Hillary Clinton made a big announcement Sunday [5/15/2016], saying she'd put her husband "in charge of economic revitalization."  Only problem is that she's already forsworn all the policies Bill enacted while he was in office that led to the 1990s boom.  "My husband, who I'm going to put in charge of revitalizing the economy, 'cause you know he knows how to do it," Hillary Clinton said at a rally.  "And especially in places like coal country and inner cities and other parts of our country that have really been left out."

The Editor says...
"Coal country" wasn't left out, it was cut out by left-wing politicians like Clinton and Obama, and earth-worshiping tree-hugging Democrat environmentalists.

Obama's Pretty Words Cannot Beautify His Ugly Economy.  While Obama can talk the bark off a banyan tree, he cannot make Americans hallucinate prosperity.  Here is the sad picture they actually see:  [#1] The unemployment rate has improved significantly, from 7.8 percent at Obama's January 20, 2009, inauguration to 5.0 percent in April.  [#2] However, as more and more Americans stop looking for work, the Labor Force Participation Rate on Obama's watch has fallen from 65.7 percent to 62.8 percent, a level last measured before Obama in March 1978.  Since Obama took office, this metric has slid 4.1 percent.  Last month saw the creation of 160,000 jobs, a widely panned number, and much below the 200,000-plus jobs generated in five of the last six months.  Nothing about the latest employment report spells "boom."

President Obama's Magical Misery Tour.  As we have cited, the labor participation rate is currently under 63 percent — the same as it was in the 1970s.  A low unemployment rate means little if Americans are no longer searching for work in the first place.  And that is the main factor driving the unemployment rate down.  The rate of unemployment alone does not tell the true story.  Not even close.  As an example, last Friday [5/6/2016] the Bureau of Labor Statistics issued their monthly numbers, and said that 1.7 million people "wanted and were available for work, and had looked for a job sometime in the prior 12 months.  They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."  The same press release said that there were six million people working as "involuntary part-time workers" because they couldn't find full time jobs.  Yet the administration, and its friends in the media, want you to look at that five percent unemployment figure and assume that the economy is doing well.

Another Dismal Jobs Report from an Overregulated Economy.  The American economy added the fewest number of jobs in April in seven months.  The job gains in April were the smallest number since last September, and below the average of 200,000 new jobs.  Nonfarm payrolls increased by only 160,000 jobs, a disappointing number when the population continues to grow.  The numbers for February and March were revised to show 19,000 fewer jobs than originally reported.  The unemployment rate held steady at 5.0 percent, but that was because more people were dropping out of the labor force.

Is there an actual definition for being employed?  The Labor Department has determined that 151 million people in the US have jobs.  And that the unemployment rate is 5 percent.  You might be impressed by that until you look at who the government considers "employed" and how difficult it is to actually be "unemployed."  This is going to get a little confusing, so hold onto your seats.  But let me start by saying that the Obama administration didn't set this policy.  Both parties have enjoyed a mushy description of joblessness for decades.

94,044,000 Americans Not in the Labor Force.  The number of Americans not in the workforce during the month of April increased substantially compared to the previous month — again tipping over the 94 million mark — according to the latest Labor Department data.  The Bureau of Labor Statistics reports Friday that 94,044,000 Americans were neither employed nor made an effort to find employment — due to discouragement, retirement, schooling or otherwise — in April.

Employers Added 160,000 Jobs in April.  The U.S. economy added the fewest number of jobs in seven months in April and Americans dropped out of the labor force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year.  Nonfarm payrolls increased by 160,000 jobs last month as construction employment barely rose and the retail sector shed jobs, the Labor Department said on Friday [5/6/2016].  That was the smallest gain since September and below the first-quarter average job growth of 200,000.

Year Eight of Obama's Recovery.  President Obama insists — straight-facedly — that in the context of a wrenching financial crisis, the United States under his leadership performed better than any major economy in modern history.  That isn't even close to being true, of course.  Obama's presidency will coincide with a remarkably weak recovery, with GDP essentially treading water.

As GDP Flatlines, Obama Brags About His Economic Record.  Obama talks about 14.4 million new jobs since 2010, without noting that working age population grew by 15.8 million over those same months.  He touts the 5% unemployment rate, but fails to mention that it would be more like 10% if millions of Americans hadn't given up looking for work altogether.  Obama does admit the recovery has been sluggish, but when he isn't blaming Republicans he says blames the "wrenching financial crises," saying it inevitably lead to unusually slow growth.  Obama might think that, but a Federal Reserve Bank of Atlanta analysis concluded that "U.S. history provides no support" for such a claim.  Even Sorkin, who is clearly trying to help Obama burnish his economic legacy, notes out that Obama's two biggest legislative achievements — ObamaCare and Dodd-Frank — hurt economic growth.

White House struggles to explain weak economy as Obama boasts of job growth.  The White House labored Thursday [4/28/2016] to explain a weak first-quarter economic report, even as President Obama is trumpeting his economic mastery in a New York Times magazine interview.  The disappointing growth of 0.5 percent in gross domestic product was a result of "weak foreign demand and low oil prices," said Jason Furman, Mr. Obama's top economic adviser.  White House press secretary Josh Earnest blamed congressional Republicans in part for the weak growth, saying the economy would be stronger if Congress had agreed to Mr. Obama's proposals for higher spending on infrastructure projects three or four years ago.

Economy grows just 0.5 percent to open 2016.  The U.S. economy grew at its slowest pace in roughly two years, climbing just 0.5 percent in the first three months of 2016.  The U.S. economy reported subpar numbers in the first quarter for the third straight year.  Economists surveyed by Bloomberg had predicted 0.7 percent growth.  The Commerce Department said the low growth was due to a pullback in spending by both businesses and consumers as the first few months of 2016 were filled with anxiety about the state of the global economy.  The economy grew 1.4 percent in the last quarter of 2015.

GDP: US Economy Braked Sharply In First Quarter, Growing At Disappointing 0.5% Pace.  U.S. economic growth slowed significantly in the first quarter of 2016, easing to an annual rate of 0.5 percent, the weakest since the first quarter of 2014. [...] The Commerce Department figure, an advance estimate that is likely to be revised, undershot the 0.7 percent growth forecast by economists surveyed by Reuters.  The data also showed fourth-quarter GDP growth unrevised at 1.4 percent.

Of course:  Obama pitches release of prisoners as economic stimulus.  The Keystone pipeline will destroy the planet, but the prison-to-federal-job pipeline is vital to our economic progress.  Obama should set an example by hiring released convicted felons to work at his presidential library as well as his personal post-presidency security detail.

The official unemployment numbers are low because...
America's part-time workforce is huge.  Excluding the Great Recession, the 6 million Americans who work part-time but want full-time jobs today are at the highest level in about 30 years or so.  The number has come down since its peak during the recession but some experts believe America now has a "new normal" — a permanently high number of part-timers.  Experts call these jobs "hidden unemployment" because these people are capable of working more hours than they can get.

Obama Boasts In Britain:  I Saved The World Economy As President.  President Barack Obama boasted of his legacy during a town hall in Britain, asserting that he single-handedly saved the world during his presidency.  "Saving the world economy from a Great Depression — that was pretty good," Obama bragged when asked by a student in London what he wanted his legacy to be.

One of Every Six Workers in United States An Immigrant.  The percentage of foreign-born workers in the U.S. civilian labor force has more than tripled over the past four decades.  In an analysis of U.S. Census Bureau data, the Migration Policy Institute reveals that between 1970 and 2014 the percentage of foreign-born workers participating in the U.S. civilian labor force grew from 5 percent to 17 percent.

Run Against Obama.  Obama has put the private sector in a half nelson.  Under Obama, the labor force participation rate has fallen to its lowest level since the 1970s, and even accounting for retiring baby boomers, there are still millions of adults neither working nor looking for work.  The number of food stamp recipients is up 45 percent on Obama's watch, and the disability rolls are up 14.3 percent.  Among those receiving disability, 35 percent claim a mood disorder, and 27.7 percent cite musculoskeletal issues (mostly back pain).

The only available jobs are government jobs.
March Employment Report Shows Labor Market Growing.  The March employment report showed continued growth in the labor market.  While the Bureau of Labor Statistics found unemployment ticking up 0.1 percentage points, the good news was greater labor force participation and 215,000 new jobs created during the month.  The payroll survey found widespread job growth throughout the service sector.  The retail trade (+48,000), health care (+37,000), and professional and business services (+33,000) sectors showed the largest job growth.  Total government employment also increased (+20,000), driven almost entirely by greater hiring by local governments.  Employment contracted in the goods producing sector.

Stagnation
How Good Is Job Growth?  The Chart Obama Doesn't Want You To See.  "The longest streak of private-sector job growth on record"!  "U.S.  businesses have now added 14.4 million jobs over 73 straight months"!  "The labor force participation rate rose to 63% in March, the same level as in November 2013"!  All those quotes — minus the exclamation points — came from White House top economist Jason Furman.  And they are all accurate.  What's missing, however, is context.  Because when you look at these numbers in context, not only do the exclamation points disappear, but so do any claims of robust job growth under this administration.


93,482,000 Americans Out of Labor Force in March.  The number of Americans not participating in the workforce in March dipped again compared to the previous month but was still higher than it was a year ago, according to Labor Department data released Friday [4/1/2016].  The Bureau of Labor Statistics reports that 93,482,000 Americans were neither employed nor had made an effort to find employment in March.  March's non-participation level continues a multi-month trend of decline after the number of people out of the workforce hit a record high of 94,610,000 in October — declining another 206,000 compared to February.

President Obama's Overrated Unemployment Story.  The key to understanding this is a rather obscure statistic:  The US labor force participation rate.  From the mid-1960s, Americans' participation in the labor force increased from just below 59% to plateauing just above 67% from the late 1990s through the early 2000s.  Over the next decade, it dipped, hovering around 66%.  In 2008's last two months, it fell below 66%, reaching 65.7% when Obama took in 2009.  It has since declined sharply, hitting 62.4% last September.  Even having rebounded to 62.9% in February, dismissing the last seven years, this is its lowest point since 1978.  The large effect resulting from participation's drop is seen by comparing employment from the beginning of Obama's administration to today.  When Obama took office, America's potential labor force (the Bureau of Labor Statistics' Civilian Noninstitutionalized population) measured 234.7 million.  February 2016's employment report recorded it at 252.6 million — a 7.6% increase.  Employment over this period rose from 142.1 million to 151.1 million.  Although a net 9 million employment increase, its 6.3% increase is less than the growth in the potential labor force.

Beware Obama, the Benevolent.  When President Obama stages a photo op to publicize signing a measure he claims will "help" American workers, you can be almost certain that "unintended consequences" will outweigh any intended benefits.  Lacking even an elementary understanding of how a market economy works, he only makes things worse.

Hillary Clinton: 'No Evidence' to Suggest Raising the Minimum Wage Kills Jobs.  Democratic frontrunner Hillary Clinton claimed Tuesday [3/22/2016] there is "no evidence" to prove raising the minimum wage costs jobs.

The Editor says...
This page is full of evidence that the minimum wage is a job killer.

Fresh Evidence That Obama's Economy Is Getting Moldy.  [Scroll down]  Just last week [Barack H. Obama] was bragging about the economy "showing the kind of strength and durability that makes America's economy right now the envy of the world" and about how "the American people should be proud of what they have achieved."  Anyone who thinks the economy isn't doing so hot he said, lived in "an alternative reality" where facts and evidence won't "change their doomsday rhetoric."  "The numbers, the facts don't lie," he said.  Well, TrimTabs Investment Research just released some facts and numbers that show just how Pollyanna-ish Obama is about the economy he's overseen for the past seven-plus years.  It finds that weekly earnings of salaried workers posted their biggest month-to-month decline in February since March 2009, falling half a percentage point.  The only other time earnings showed that big a monthly drop in the past decade was December 2008.

The ugly truth about Obama's 'great' economy.  By almost every economic measure, America is flat to falling.  Obama certainly can boast about the unemployment rate.  From his Jan. 20, 2009, inauguration until last month that figure has fallen from 7.8 percent to 4.9 — down 37.2 percent.  But:
  •   The labor force participation rate over that period has slid from 65.7 percent to 62.9 (the lowest reading since March 1978) — down 4.3 percent.
  •   On Obama's watch, the percentage of Americans below the poverty line has grown, according to the most recent Census data, from 14.3 percent to 14.8 percent in 2014 — up 3.5 percent.
  •   Real median household income across that interval sank from $54,925 to $53,657 — down 2.3 percent.
  •   Food Stamp participants soared in that time frame from 32,889,000 to 45,874,000 — up 39.5 percent.
  •   Meanwhile, from Obama's arrival through the fourth quarter of 2015, the percentage of Americans who own homes sagged from 67.3 percent to 63.8 — down 5.2 percent.

Obama: 'The Plans We Have Put in Place to Grow the Economy Have Worked'.  With a smiling Vice President Joe Biden sitting beside him, President Barack Obama gave a speech at the White House today [3/4/2016] declaring that "the facts don't lie" and that the American economy "is pretty darn good right now."  The president took credit for what he says is the excellent state of the economy, attributing it to his plans.

Obama accuses economy skeptics of living in 'alternative reality'.  Political candidates who are telling voters that the economy is bad are living in an "alternative reality," President Obama said Friday [3/4/2016].  Touting the jobs report Friday morning [3/4/2016] that showed relatively strong growth, Obama accused people skeptical of the economy of engaging in "fantasy."

U.S. Has Record 10th Straight Year Without 3% Growth in GDP.  The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product, according to data released by the Bureau of Economic Analysis.  The BEA has calculated GDP for each year going back to 1929 and it has calculated the inflation-adjusted annual change in GDP (in constant 2009 dollars) from 1930 forward.  In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch — 2006 through 2015 — when the annual growth in real GDP never hit 3 percent.  During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent.  It has never been that high again, according to the BEA.

Wealth and Income Inequality Is Not as Bad as You Think.  [Scroll down]  Politicians do not mention the inequality of income very much because it is so much less than the inequality of wealth, especially after tax.  Household consumption equals income after tax minus savings.  Since those with high incomes save more than those with low incomes, who often spend more than their incomes a fact called dissaving, consumption is distributed more equally than income and vastly more equal than the distribution of wealth.  Since those at the lowest income levels receive welfare, food stamps, and some public housing, politicians want to avoid talking about the distribution of consumption.  As we pointed out, the estimates of household wealth do not include the value of social security benefits.  The Social Security administration reported that in 2015, over 59 million Americans received about $870 billion in Social Security benefits.

Weimar America.  Neither the president nor his would-be successors talk much about the fact that we are now nearing $20 trillion in debt — in an ossified economy of near-zero interest rates, little if any GDP growth, and record numbers of able-bodied but non-working adults.

Bernie Sanders has raised $16 million from the unemployed.  One of Bernie Sanders talking points on the campaign trail is that the "real" unemployment rate is much higher than the official 4.9% cited by the Labor Department, and he should know.  That's because Sanders' biggest source of fundraising support comes from the retired or unemployed, according to filings with the Federal Election Commission, as reported by Bloomberg.  $16 million of the $73 million the candidate raised in 2015 came from individual donors who said they were without jobs, according to the report.

Employment numbers
Real Unemployment: 25%.  The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994.  That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.  The U-3 unemployment rate is the monthly headline number.  The U-6 unemployment rate is the Bureau of Labor Statistics' (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.


BLS says 665,000 job losses, unadjusted.  A new Bureau of Labor Statistics report shows that there were 665,000 jobs lost in January, before accounting for the seasonal adjustment.  The government said that taking into account the adjustment, 151,000 jobs were created.

Fun with numbers: The real story behind the unemployment report.  We've commented several times over the years about the BLS cooking the books on jobs.  James Pethokoukis lists some other stats that tell far more of the real story about the employment picture than the bare-bones numbers highlighted by the media: [...] In other words, the job situation in America still [is bad], and the president is blowing smoke by touting the numbers as good news.

US layoffs surge to 6-month high: Challenger.  Layoffs surged in January to the highest levels since July as employers in the retail and energy sectors pulled out the pink slips, according to a private survey out Thursday [2/4/2016].  U.S.-based companies announced 75,114 planned job cuts last month, up more than 200 percent from a 15-year low in December, according to global outplacement firm Challenger, Gray & Christmas.  That figure was also 42 percent higher from a year ago.  Retailers were the biggest job cutter, despite a nearly 8 percent bump in U.S. holiday sales in 2015.  The sector slashed 22,246 positions, a seven-year high.

U.S. Economy Adds 151,000 Jobs in January.  The U.S. added 151,000 jobs in January, weaker than expected and additional fuel for concerns the U.S. economy is slowing down.  There were silver linings to be found in the clouds, however, as wages and worker participation rose.  The headline unemployment rate was 4.9%, the lowest in eight year.  Analysts had predicted the economy would generate 190,000 new jobs and that the unemployment rate would hold steady at 5%.

New Obama regulation: White males lose, lawyers and Democrats win.  Last Friday [1/29/2016], a new regulation was proposed by the Obama administration that will make it harder and more expensive for employers to hire and promote white males, enrich class action lawyers, and do absolutely nothing to accomplish the ostensible goal of raising the pay of women relative to men. [...] Paying men and women differently for the same work is already against the law.  The fact that on average women earn less than men in the entire workforce is the product of personal choices.  Many women take time away from work to raise children.  Women tend to prefer occupations in non-technical fields, often in human services, which pay less.  And women tend to avoid physically demanding blue-collar occupations in the skilled trades, which can pay very well:  construction, auto repair, machinery maintenance, and the like.

Obama's 'diversity' diktat is a giant gift to lawyers.  How will this new EEOC reporting affect you?  Your employer will have to lump workers into 12 salary bands.  If you're a white male up for a raise, but the band above yours already includes too many while males, tough luck.  Your boss will be pressured to give the raise to a woman or minority to avoid triggering EEOC scrutiny.  This data collection is a godsend for EEOC regulators looking for targets, and it hands class-action lawyers the statistics they need on a silver platter.  But not every difference in pay is actually caused by discrimination.  President Obama parrots the bogus claim that for every dollar men make, women make only 79 cents.  This so-called "wage gap" is shoddy statistics.  It merely averages what all men in America make, and compares that with what all women make, lumping together all kinds of jobs.  It proves nothing about what women and men earn when they do the same work.

ObamaCare Enrollment Is Way Down In January.  Last week, just 153,631 people selected an ObamaCare plan through the Healthcare.gov website, according to the latest weekly enrollment report from the Center for Medicare and Medicaid Services.  That's far below the enrollment number from the same week last year, when 400,253 signed up.  And it continues the sluggish pace so far this year, which has seen 311,000 signing up for coverage through January 16 — less than half the number who enrolled the same period in 2015.

The Fallacy of Obama's Job Creation.  What's the reason for such a strong anti-establishment sentiment this election cycle?  There are plenty of factors worth mentioning, but near the top of the list has to be the steep decline of America's labor force participation rate.  Although the Obama administration has loudly touted reports that the U.S. economy has generated 14.1 million new jobs over the past 70 months and now sits at a 5.0 percent unemployment rate, the labor force participation rate has been in virtual free-fall.  From March 2010 through December 2015, the percentage dropped from 64.9 percent to a 62.6 percentage, falling to levels not seen since the Carter administration.

Americans Giving Up on Jobs.  Forty percent of Americans who are capable of working but who don't have a job say they have completely given up looking for work, according to a new report.  The findings of a survey conducted by Express Employment Professionals show that the longer an individual has been out of the labor force, the more likely they are to say they have given up looking.  More than half — 55 percent — of those out of work for more than two years say they have given up, while 21 percent of those out of labor force for three months or less say the same.

CNN: Hey, Folks, Relax! Don't Panic! Everything's Awesome!  Forget for a moment that U.S. stock markets have seen their worst start to a new year since the Great Depression or that some $2.5 trillion in wealth has been evaporated in less than two weeks.  CNN says it's hardly the time to panic. [...] Pay no attention to the fact that last week not a single cargo ship was transporting raw materials in the South China Sea, the first time in history that it has happened.  The economy is is great shape and this is not proof that global commerce has literally stopped.

Obama proposes new unemployment insurance as part of 're-employment' effort.  President Barack Obama on Saturday [1/16/2016] proposed changes to the U.S. unemployment insurance system that he says would offer more security to the jobless and encourage experienced workers to rejoin the workforce, even if it means taking a pay cut.

Obama Still Blames ATMs For The Lousy Job Market.  It's almost as if Obama got his last State of the Union speech mixed up with his first, where he listed all those problems.  In his first month in office, Obama could blame his predecessors for the sorry state of working-class America.  And that's exactly what he did.  In his 2009 State of the Union speech, he blamed "an era where too often, short-term gains were prized over long-term prosperity," where "regulations were gutted," and "critical debates and difficult decisions were put off."  But after seven years at the helm of the nation's economy, Obama can't blame his predecessors, nor does he want to accept any blame himself.

The definition of the U6 unemployment rate:  Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.  Note:  Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months.  Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work.  Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule.  Updated population controls are introduced annually with the release of January data.

Current U-6 Unemployment Rate:  For December 2015 the official U-6 unemployment rate was 9.8% up from 9.6% in November.  While the independently produced Gallup equivalent called the "Underemployment Rate" was 13.8% in October, 14.4% for November and 14.0% in December.  The current differential between Gallup and BLS on supposedly the same data is 4.2%! or roughly a 43.75% margin of error!

Labor Force Participation Improves Slightly; 94,103,000 Americans Not in Labor Force.  The number of Americans not in the labor force last month totaled 94,103,000 — a slight improvement from the 94,446,000 not in the labor force in November — and the labor force participation rate increased a tenth of a point, with 62.6 percent of the civilian noninstitutional population either holding a job or actively seeking one.  For all of 2015, the highest labor participation rate was 62.9 percent in January:  the lowest was 62.4 percent in September, and that 62.4 percent was the lowest in 38 years.  The Bureau of Labor Statistics says the economy added 292,000 jobs in December, and the unemployment rate was unchanged at 5.0 percent — for the third month in a row.

Yellen's Job Puzzle: Why Are 20-Somethings Retiring?  How come more people are retiring in their early 20s?  Why are middle-age men becoming stay-at-home dads?  What's keeping women out of the workforce other than illness, kids or school?  Those are some of the questions raised in a new Bureau of Labor Statistics report that shows changes over the past decade in why people stay out of the labor force.  Finding answers is key for the Federal Reserve as it maps the contours of a job market that's becoming harder to predict with the aging of the baby boomers and shifting household priorities.

Obama Floods The U.S. Job Market With Foreign Competition.  Skirting Congress once again, President Obama seeks to admit another 100,000 foreigners to work here when jobs are few and labor-market participation is low.  Whatever this is, it's not in the interest of U.S. workers.

The Obama recovery that wasn't.  A new report from Sentier Research based on Census data finds that median household income of $56,700 at the end of 2015 stood exactly where it was adjusted for inflation at the end of 2007.  That's eight years of virtually zero income gain.  And President Obama and his Washington political pundits wonder why voters are in such a cranky mood.

15 Stats That Destroy Liberal Narratives.  [#15] "Over the last year, only 1.3 million Americans of working age have entered the workforce, even as the population of this same demographic increased by more than 2.8 million.  Just over 1 million members of this group found jobs.  That's right — of the new additions to the working age population, less than four in 10 found jobs.  The newspapers touted the reduction in the unemployment rate to 5.3 percent as a cause for celebration.  Yet for every three Americans added to the working age population (16 and older), only around one new job (1.07) has been created under Obama.  At this pace, America will soon officially have a zero unemployment rate.  But that will only be because no one will be looking for work."

Mixed signals, at best:
Obama's New Immigration Plan Offers Work-Permits To Foreigners Slated For Deportation.  President Barack Obama's new 181-page plan to award work-permits to at least 100,000 foreign college-grads also contains a convoluted section that would also sneak work-permits to a huge range of foreign migrants — even after courts have formally ordered their repatriation.  In plain English, the section in the rule would automatically provide updated work-permits to 15 categories of migrants who are appealing judges' deportation orders.

New Year's Surprise: Obama Regulation To Give Work-Permits To Foreign College-Graduates.  As the nation prepares to ring in the New Year, President Barack Obama is preparing a colossal new executive action that could print-up work permits for a huge number of foreign white-collar graduates every year, above and beyond the levels set by Congress.  This executive action, which directly bypasses Congressional lawmakers, is likely to reverberate across the presidential race, as GOP voters look to choose a nominee they believe will most effectively roll back the President's still-expanding agenda.  And it will certainly raise new security concerns as it covers categories of immigration utilized by migrants from the Middle East and nearby regions.  President Barack Obama's Department of Homeland Security plans to publish the proposed rule tomorrow, the last day of 2015.

New Year's Surprise: Obama Regulation To Give Work-Permits To Foreign College-Graduates.  This executive action, which directly bypasses Congressional lawmakers, is likely to reverberate across the presidential race, as GOP voters look to choose a nominee they believe will most effectively roll back the President's still-expanding agenda.  And it will certainly raise new security concerns as it covers categories of immigration utilized by migrants from the Middle East and nearby regions.

Obama to Import Millions More Aliens to Replace U.S. White Collar Workers, Also Stop Deportations.  As Neil Munro observes, this executive order could have been stopped had the massive Omnibus spending bill included language proposed by Senator Jeff Sessions, chairman of the Senate Immigration Subcommittee.  However, the Uniparty establishment's leaders in Congress — Nancy Pelosi, Paul Ryan, Harry Reid and Mitch McConnell — shelved Sessions' rider. [...] It is clear that Democrat and Republican leaders have decided to wage economic warfare against Americans, by importing millions of workers, devaluing citizenship and their votes, and effectively wrecking employment opportunities for legal citizens, young and old.

The real unemployment rate
Obamanomics Explained in One Chart.  The unemployment rate is going down because workers are leaving the workforce, not because they are finding jobs.  And for the over 93 million workers who have left the workforce the Great Recession is by no means over as their quality of life and wealth continue to erode.  As our friend Ben Weingarten explained in "Everything You Thought You Knew About the Unemployment Rate Is Wrong" [...] there are [multiple] "unemployment rates" collected by the government, and while the one that hits the front pages (the U-3 rate) says unemployment is 5%, the one that Obama-friendly reporters ignore (the U-6 rate) stands at 9.9% or almost twice the more commonly reported rate.


Commentary on the article above:
Obamanomics explained in one chart.  You may be running into friends and relatives at holiday gatherings who claim that the 5% unemployment rate is one of Obama's success stories, and a good reason to stick with the Democrats. [...] But most of our friends and neighbors do not realize that the more realistic U6 rate, generally ignored by the media, does count the "marginally attached workers" as unemployed, and it is nearly double the U3 rate (currently 9.9% versus 5%).

Jobless Claims Fall to Near 42-Year Low.  The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.

Obama: Working Class Still Clinging to Guns and Religion.  [Scroll down]  Look at the transcript on NPR's website.  Even [Steve] Inskeep seemed flabbergasted by Obama's display of egomaniacal indifference to people's suffering after trying several times to get him to answer his question.  Obama can't answer it honestly because to do so would be to admit that his own policies have been a monumental failure.  After promises of "green shoots" and "turning the corner" and a "summer of jobs," after the massive "stimulus," Dodd-Frank, a government takeover of health care and industry-killing environmental rules, Obama hasn't relieved working-class anxiety.  He's added to it by producing the worst economic recovery in modern history.

Record 25,495,000 Foreign-Born Workers Employed in The U.S..  The number of foreign-born people employed in the U.S. hit a record high in November, according to data released Friday by Bureau of Labor Statistics.  According to the BLS last month 25,495,000 foreign-born workers in the U.S. had a job, up 375,000 from October's previous record of 25,120,000.  While the foreign-born population gained jobs last month the number of employed native-born Americans declined in November from 124,597,000 in October to 124,271,000 in November — a loss of 326,000 jobs.

Obama's Real Legacy: Ten Ticking Time Bombs.  [#3] A flat-lined "recovery."  Job growth remains so weak that our definition of what constitutes a "recovery" has been redefined downward.  We're generating a mere 230,000 new non-farm jobs a month — too few to achieve escape velocity.  Although Democrats are celebrating the fall of headline unemployment below 5 percent, the real unemployment rate is closer to 10 percent.  Labor-force participation is historically low.  Real wage growth is stalled.  The stock market is essentially flat.

Hillary Clinton's $275 Billion 'Shovel Ready' Sequel Is Based On Two Big Lies.  When Hillary Clinton announced her $275 billion infrastructure spending plan, she said what every politician says when they try to get more money spent on roads and bridges — that the nation's infrastructure is falling apart.  "I don't have to tell you what a sorry state we're in," she said in Boston over the weekend pushing the added spending.  "Our roads and bridges are potholed and crumbling."  But is that true?  On Monday [11/30/2015], the Government Accountability Office released a report showing that the nation's bridges, at least, are in better shape than they were a decade ago.

Yes, Virginia, There is a Recession.  Despite the bogus BLS employment report last week (so the Fed could raise rates before the next financial crisis hits), all economic data confirms an economic recession.  Corporate profits are falling, and their forecasts for next quarter are worse.  Global trade is slowing dramatically.  Oil prices and other commodities are plummeting to multi-year lows.  Manufacturing and Services surveys are flashing red.  China, Japan and European economies continue to [struggle].  Layoff announcements by major corporations are up 40% over last year.  A global deflationary recession is underway.  Only a CNBC bimbo, shill or Ivy League educated economist isn't bright enough to see it.  Retail sales came out this morning [11/23/2015] and they were worse than dreadful.

Obama shares America's many troubles with another foreign crowd.  President Obama returned from a nine-day, round-the-world tour early this morning.  But not before once again detailing for another foreign audience some of the numerous things wrong with his country. [...] Yes, he was unclear.  But Obama had no teleprompter to feed him replies during that Malaysian town-hall with young people.  The Democrat who's presided over the slowest economic recovery in 70 years told students that thanks to his leadership, the U.S. economy "has recovered faster than almost any other country" since 2008.

Oct. Jobs: Immigrants Gain Jobs At 2.5 Times Americans' Rate.  [Scroll down]  If these numbers do not look familiar, it is because the Main Stream Media ignore them.  The MSM folks focus on the Payroll Employment Survey, which does not collect information on the nativity of workers — perhaps because companies do not ask, and do not want to know.  Many feign ignorance on the number of illegal aliens in their employ.

Labor Force Participation Remains at 38-Year Low; 94,513,000 Not in Labor Force.  The number of Americans not in the labor force last month totaled 94,513,000 — a slight improvement from the 94,610,000 not in the labor force in September — but the labor force participation rate nonetheless remained at its lowest point in 38 years, with only 62.4 percent of the civilian noninstitutional population either holding a job or actively seeking one.  The Bureau of Labor Statistics says economy added 271,000 jobs in October, well above economists' expectations of 185,000, and the unemployment rate dropped to 5.0 percent in October from September's 5.1 percent.

Surplus or deficit 1967-2009
The Most Devious Liars in History.  There were a few different stories coming out over the last few days that reveal the true nature of government and the apparatchiks who use disinformation, devious machinations, fraudulent accounting, and taxpayer money to cover up their criminality, lies, and the true state of the American economy.  The use of government accounting tricks to obscure the truth about our dire financial straits is designed to keep the masses sedated and confused.


"We Are Not Manufacturing Anything Anymore" and Other Fables of the Left.  A common complaint bandied about is that we are not manufacturing anything any more, and there are no manufacturing jobs.  But we should always check on 'common complaints' to see if they are actually true.  The reality is a bit different.  America is manufacturing more than ever.

The Commerce Department's GDP numbers don't make any sense.  Marijuana must be legal in Washington because the folks at the Commerce Department have to be smoking a lot of it.  Commerce announced on Thursday [10/29/2015] that the nation's third-quarter gross domestic product expanded by just a 1.5 percent annual rate.  That's pathetic growth that won't allow the US to create enough jobs for the number of people entering the workforce.  It's also less than half the second quarter's growth.

America's Soft Tyranny is Hardening.  No matter how much Hillary, Sanders, and the rest of the Left rant and rave about the "rich need to pay their fair share," they pay more than their fair share already.  It is the middle class that pays the most for the government programs that subsidize those who pay nothing and receive so much without earning it.  Our safety net for the truly indigent has become a cushion for millions who do not, will not, or cannot find work.  The Obama economy is a wholesale disaster:  92 million out of the labor force; 51% earning only $30k a year or less!  This is a sabotaged economy, not a recovering economy.
[Emphasis added.]

Obama Fails Again To Deliver On His Economic Promises.  The Bureau of Economic Statistics reports that real GDP growth for Q3 came in at a meager 1.5%, below forecast.  That means the economy has an annualized growth rate of 2.1% so far this year, well below the 3% economists were expecting.  It's certainly not the economy Obama described in his State of the Union speech last January.

Boehner, Yellen, and bigger government.  The Federal Reserve policy of zero interest rates (ZIRP) tilts the scales and misallocates resources.  In this matter of the two-year budget deal, spending is let loose and is free from the market discipline and costs of floating more debt.  During World War II, war bonds were sold in patriotic fashion to raise money to fund the war effort.  In today's world and at the drop of a hat, we float more debt to ever expand a behemoth federal government, pump some air into the economy if the retail sales slump a bit, or provide a little bump to the stock market if it sags.

1 In 2 working Americans make[s] less than $30,000 a year.  Fifty-one percent of working Americans make less than $30,000 a year, new data from the Social Security Administration (SSA) shows.  That's $2,500 a month before taxes and just over the federal poverty level for a family of five.  The new numbers come from the National Wage Index, which SSA updates each year based on reported wages subject to the federal income tax.  In 2014, half of working Americans reported an income at or below $28,851 (the median wage), and 51 percent reported an income of less than $30,000.  Forty percent are making less than $20,000.

Feds dangle $12,000 bonus to firms that hire foreign students.  The Department of Homeland Security is readying a plan to expand a program that pays U.S. employers to hire foreign STEM students taught in America, a move that could end up punishing American college grads and even the elderly, according to an immigration think tank.  In pushing to allow more foreign students into the so-called "optional practical training program," DHS said that it will help businesses and colleges by keeping those foreign students in the U.S. following their American-taught science, technology, engineering, and math, or STEM, curriculum.

Federal Government Bribes Employers to Hire Foreigners Instead of Americans.  The idea is to make sure foreigners stay after entering the country on temporary visas, as part of the systematic displacement of the American population.  That's how the bureaurats in the Department of Homeland Security keep themselves occupied in Orwellian America.  What did you think they were going to do, keep the homeland secure?

US factory output drops in latest sign of weak growth.  U.S. manufacturing production fell for the second straight month in September as factories cranked out fewer appliances, computers, and electronics.

The Fake Falling Deficit and the Phony Unemployment Drop.  More and more people are voluntarily opting out of the workforce, and while some of that can be pinned on an aging workforce, much of it — almost everyone agrees — is because this economy [is bad].  It's thus more likely that the trend of dropping labor force participation rates will continue, reports Goldman analysts.  That in turn will artificially lower unemployment to rates not seen since those heady, good economic times we enjoyed under the George Bushes.  That's what it has come to now:  the Obama-Sanders-Hillary coalition has so broken the economy that if you give up looking for work, you stop being a part of the "problem" and start being part go their "solution".  In other words, Democrat math has it that everyone will be employed just as soon as people stop wanting jobs.

The 'Income Inequality' Scam.  The term 'income inequality' is preposterous; one may as well bewail inequality of respect.  Income and respect are both earned and tend to differ among us.  How much that we receive of either responds mostly to our efforts as judged in the eyes of others.  'Income inequality' mavens are proclaiming that they, not the market, should decide incomes.  Parsing that, one finds the desire to replace economics with politics.  Historically, the wealth of Western civilization appears to rest upon doing the opposite.

Government On Hiring Spree As Private Job Gains Fade.  Government is again behind the curve in adapting to changes in the economy, ramping up hiring even as weakening global demand prompts private employers to tap the brakes.  If the trend continues, governments could find themselves with more staff than they can afford — and eventually a new cycle of budget shortfalls and painful cutbacks.

A story of U.S. economic failure.  The measly number of jobs that the Obama economy created last month is raising new fears of a steeper employment decline this year and next.  Last Friday's shocking Bureau of Labor Statistics (BLS) report stunned economists, shook Wall Street, and offered little if any hope for long-term, unemployed Americans finding full-time work anytime soon.  "There's nothing good in this morning's report," Carl Tennenbaum, chief economist at Northern Trust, said last week.  "We had very low levels of job creation, wage growth isn't budging, and the unemployment rate would have risen if the labor force participation rate hadn't fallen."

Santa Claus, the Easter Bunny, and Obama's economic recovery.  Friday's unemployment numbers were what economic experts call a "huge miss."  Only 142,000 net jobs were added to the nation's payroll in September, despite expectations of more than 200,000.  Even worse, last month's job creation numbers were revised downward, to an even lower 136,000.  Both figures suggest that the economy cannot create jobs quickly enough to keep up with young workers entering the market.  Yet as it happens, so many people are giving up on ever finding work that there seems to be plenty of room for the new job-seekers.

Record 94,610,000 Americans Not in Labor Force; Participation Rate Lowest in 38 Years.  A record 94,610,000 Americans were not in the American labor force last month — an increase of 579,000 from August — and the labor force participation rate reached its lowest point in 38 years, with 62.4 percent of the U.S. population either holding a job or actively seeking one.  In other disappointing news, the economy added only 142,000 jobs in September, well below economists' expectations, but the unemployment rate remained at 5.1 percent, where it was in August.

Jobs Report: Disappointment Is Routine With This Administration.  No wonder voters are seething with anger.  Jobs rose by just 142,000 in September.  But even that paltry gain was offset by 59,000 fewer jobs than originally reported for July and August.  We need about 150,000 jobs just to keep up with natural population growth and new young entrants into the workforce.  Worse yet — and stop us if you've heard this before — another 350,000 Americans of working age disappeared from the labor force, bringing the total over age 16 not working to a record 94.6 million.

The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor Force.  In a note seeking to "explain" why the US labor participation rate just crashed to a nearly 40 year low earlier today [10/2/2015] as another half a million Americans decided to exit the labor force bringing the total to 94.6 million people.

Where Are The Million New Manufacturing Jobs Obama Promised?  Manufacturing shed 9,000 jobs last month on top of the 18,000 lost in August, completely erasing the gains made so far this year.  Since January 2013, the industry has gained only 338,000.  All this flies in the face of President Obama's repeated promise in 2012 that if reelected, he would create 1 million new manufacturing jobs by the end of his second term.  Obama said that these new jobs would "put middle-class people back to work."

Paycheck mystery: More jobs and fewer people but limp raises.  Companies have posted a record number of job openings just when a diminished proportion of Americans are either working or looking for work.

U.S. Adds 142,00 Jobs in September, Badly Missing Expectations.  The U.S. added 142,000 new jobs in September, a disappointing figure that fell well below expectations. [...] The headline unemployment rate held steady 5.1%, according to figures released by the U.S. Labor Department, but the labor force participation rate fell slightly to 62.4% from the prior month, another ominous sign that usually suggests discouraged job seekers are no longer even looking for work.  Economists had forecast 203,000 new jobs and that the unemployment rate would remain at 5.1%.

The Typical Male U.S. Worker Earned Less in 2014 Than in 1973.  The typical man with a full-time job — the one at the statistical middle of the middle — earned $50,383 last year, the Census Bureau reported this week.  The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation.  You read that right:  The median male worker who was employed year-round and full time earned less in 2014 than a similarly situated worker earned four decades ago.  And those are the ones who had jobs.

Middle Class Lost In Obama's 'Middle Class Economics'.  The Census Bureau's latest annual report on income and poverty in America shows that there was little to cheer about in 2014.  Median family income dropped slightly to $53,657, down from the year before.  Every income group suffered losses, with the lowest fifth of households dropping close to 1%.  The overall poverty number barely budged.  But it climbed by almost 600,000 among blacks in 2014, more than half of whom were under age 18.  This isn't exactly the picture that Obama has been painting.

On Labor Day, a search of the missing American worker.  A striking facet of the economic downturn that started in 2008 and the "recovery" that continues today is the unprecedented slack in the American labor force.  While statistical unemployment has dropped to pre-recession levels, labor force participation remains strikingly low and wages have remained stagnant — affecting consumer demand and economic growth.

Joe Biden Blasts the Obama-Biden Economy.  Sounding very much like a candidate for president, today Vice President Joe Biden spoke at an AFL-CIO Labor Day event in Pittsburgh, Pa.  "I'm mad, I'm angry," Biden thundered, attacking the U.S. economy as "devastating for workers."  Biden, who is openly considering running against Hillary Clinton in the Democratic primary, thanked "my friend" Richard Trumka, president of the AFL-CIO.  "There wouldn't be a single basic right, from a 40-hour week to sick leave, there wouldn't a single basic right out there ... but for labor," Biden said.  "You build the middle class.  That's not an exaggeration."

The Most Important Jobs Chart of the Year.  Zero Hedge blog has posted a jobs chart should shock every American and alter the debate over illegal immigration in favor of the restrictionists. [...] Is it an accident that wages have been stagnant over the last 8 years?  I don't think so at all.  I think it reflects the incontrovertible fact that foreign born workers will work for less than native born workers, and that the more American citizens you remove from the workforce either through layoffs or discouraged workers, downward pressure on wages will continue.

Domestic vs foreign
698,000 Native-Born Americans Lost Their Jobs In August.  The one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive.  The chart is the following, showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.


Obama: I'll veto any budget if it limits spending.  President Obama praised the monthly jobs report during his weekly address Saturday [9/5/2015] and called on Republicans to pass his budget when Congress reconvenes next month.  He also threatened to veto any budget that did not increase spending.  "The unemployment rate dropped to 5.1%, the lowest it's been in seven years," Obama said, noting the August jobs report released on Friday [9/4/2015].

The Editor states the obvious:
The unemployment rate is officially 5.1%, but only because millions of people who should be working have given up on finding a job.

The sad state of the American worker.  My 22-year-old son lives at home, still depends on his old man for spending money, and my profoundest fear is that like Will Ferrell in the "Wedding Crashers," he will never leave the nest.  I'm not alone.  There are some 20 million college grads living at home.  A 2014 study reported by CNN Money found that half of kids who are two years out of college rely on their parents to pay some or all of their bills.  It's the new normal for 20-somethings.

Unemployment August 2015
The Government is Lying About U.S. Unemployment.  The Obama administration is telling us that the unemployment rate in the United States has fallen to 5.1 percent, but does that number actually bear any resemblance to reality?  On Friday [9/4/2015], news outlets all over America celebrated the fact that the U.S. economy added 173,000 jobs in August.  We were told that the unemployment rate has fallen to a seven year low and that wages are going up.  So everything must be getting better for the middle class, right?  After all, isn't that what the official numbers are telling us?  The financial markets are buzzing over this news because the unemployment rate has fallen into a range that the Federal Reserve has typically considered to be "full employment", so there is an expectation that the Fed may raise interest rates shortly.


Unemployment rate falls to 5.1 percent, but Americans are not finding pay increases.  Fresh data released Friday — showing unemployment at a seven-year low and a cooling pace of jobs growth — provided conflicting signals about the nation's economic momentum as the Federal Reserve considers raising interest rates for the first time in nearly a decade.  The U.S. added 173,000 jobs, slightly below expectations, while the unemployment rate fell to 5.1 percent.  Never before has the nation's unemployment rate plunged so low — a point when companies should be competing aggressively for workers — while wages have stayed so flat.

U.S. Adds 173,000 Jobs in August Ahead of Fed Rate Decision.  The U.S. added 173,000 jobs in August, fewer than Wall Street expected.  The report will undoubtedly play a significant role in helping the Federal Reserve decide on the timing of the first interest rate hike in nearly a decade.  The headline unemployment rate fell to 5.1%, the lowest level in seven-and-a-half years.  Analysts had predicted the rate would fall to 5.2% down from 5.3% a month earlier, and that the economy would add 220,000 new jobs.

The Editor says...
Stand by for an "adjustment" in two weeks, showing the numbers weren't as good as previously announced.

Record 94,031,000 Americans Not in Labor Force; Participation Rate Stuck at 38-Year Low for 3rd Straight Month.  The number of Americans not in the labor force has continued to rise, partly because of retiring baby-boomers and fewer workers entering the workforce.  In August, according to BLS, the nation's civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,096,000. Of those, 157,065,000 participated in the labor force by either holding a job or actively seeking one.  The 157,065,000 who participated in the labor force equaled only 62.6 percent of the 251,096,000 civilian noninstitutional population — the same as it was in July and June.  Not since October 1977, when the participation rate dropped to 62.4, has the percentage been this low.

Nine Signs of the Impending American Collapse.  The American economy under the statist and regulatory dispensation of the present administration is plainly on the verge of implosion.  Massive unemployment, the piling on of astronomical debt, the collapse of the housing market, the insensate printing of fiat money, the downgrading of the nation's credit rating, the high cost of the carbon conspiracy fostered by the false hypothesis of anthropogenic global warming, a crushing trade deficit, and the precarious status of the reserve currency all point to a looming and unprecedented fiscal cataclysm in the making.

Facebook Blocks Job Reports Related to Immigration.  An informed debate over immigration requires data and analysis about its effects. Only with information from a variety of sources can Americans try to understand our current policies, assess proposed changes, and judge candidates for political office.  That is why it is so disturbing that Facebook, owned by immigration-expansionist Mark Zuckerberg, has banned four reports published by the Center for Immigration Studies pertaining to jobs and immigration. [... Update:] Facebook has lifted the ban on the Center's job reports pages.

No, 4% Growth Isn't Too Much To Expect.  No serious economist, says President Obama's own top man, thinks 4% growth is "within the realm of possibility." [...] The remark by Jason Furman, chairman of the White House Council of Economic Advisers, came in response to Jeb Bush's statement in Thursday's GOP presidential debate that America should start striving for 4% growth — an obvious upgrade from the current 2% rut.

One month later
Everything you need to know about the July jobs report in one chart.  The dominant theme of the Obama economy is that people continue to drop out of the workforce.


Obama "Recovery" Objectively Worst on Record.  It tells you all you need to know about Barack Obama's character and record as president, not to mention our lowered expectations under his leadership, that he continually attempts to run victory laps over what has been the worst cyclical economic recovery in measured U.S. history.  In a market economy, cyclical recessions and recoveries come and go, and it was Obama's fortune to have entered the White House just as our economy was already bouncing back toward recovery.  Any disbelief in that regard can be quickly resolved by examining the nation's gross domestic product (GDP) trajectory for the fourth quarter of 2008 and the first two quarters of 2009.

24,710,000 Foreign-Born People [are] Employed In U.S..  The number of foreign-born people employed in the U.S. dipped slightly in July but remained about three times higher than the number of unemployed native-born Americans, according to data released Friday by the Bureau of Labor Statistics.  According to not-seasonally-adjusted numbers from the the BLS, 24,710,000 foreign-born people held jobs in the U.S. during the month of July — down slightly compared to June's 24,816,000 level — and 1,369,000 foreign-born people were unemployed.  The foreign-born unemployment rate also increased to 5.2 percent compared to 4.9 percent in June.

Record 93,770,000 Americans Not in Labor Force.  The number of people not in the labor force reached another record high in July, according to new jobs data released Friday [8/7/2015] by the Bureau of Labor Statistics.  The BLS reports that 93,770,000 people (16 and older) were neither employed last month nor had made specific efforts to find work in the prior four weeks.  The number of people outside the workforce in July increased 144,000 over June's record when 93,626,000 were not in the workforce.

Obama and the Flippancy of Fools.  Over the last 7 years of the Obama era, Barack Obama and his team have regularly responded to serious questions with flippant responses.  Don't Americans deserve better than the flippancy Obama and his top officials dish out to us? [... For example,] When asked why his trillion-dollar stimulus produced far fewer "shovel ready jobs" than he promised to urgently promote its passage, Barack Obama laughed off the issue:  "Shovel-ready was not as shovel-ready as we expected."  The laughter will be little solace for taxpayers on the hook to pay back the debt that financed that union-enriching boondoggle.

Jobs shock: 100% of female employment gains taken by foreigners since 2007.  All of the employment gains among women since the recession hit in December 2007 have been taken by foreigners, even at a time when the numbers of U.S.-born women surged more than 600,000, according to new federal statistics.  The jobs data released by the Bureau of Labor Statistics showed gains in the "employment level" among "foreign born women" and losses among "native born women."

9.6 million Americans Unemployed — 8.1 million Illegal Aliens Employed.  Only one man is responsible for the unemployment rate in this nation — if you, your teens or your family members can not get a job — thank Barack Obama for his amnesty of illegal aliens and his refusal to enforce our immigration laws.  "Of those 11.3 [million] illegal immigrants, 8.1 million are participating in the labor force.  "Unauthorized immigrants make up 5.1% of the U.S. labor force," Pew says.  "In the U.S. labor force, there were 8.1 million unauthorized immigrants either working or looking for work in 2012."  In 2014, there were 1.7 million more illegal immigrants living in the United States than there were unemployed Americans.  According to the BLS, the average number of unemployed Americans in 2014 was 9.6 million."

Low unemployment rate obscures decline in Americans seeking work.  The Obama administration once again is touting new data showing job growth and another drop in the nation's unemployment rate, but beneath the surface lies a more bleak picture of the U.S. economy, as more and more Americans disappear from the labor force.  Last week's Department of Labor report said the U.S. created more than 220,000 jobs in June, and the unemployment rate dropped to 5.3 percent, the lowest since the pre-Great Recession days of early 2008.  Tucked within the study, however, is a figure that some analysts say is far more important than month-to-month job figures:  The number of Americans working or searching for a job has dropped to its lowest point in 38 years.  Just 62.6 percent of working-age Americans are participating in the labor force.  Participants are defined as those who have a job or are actively seeking one.

Bernie Sanders Rips Obama's Fictional Labor Reports; "Real Unemployment is 10.5%!".  Self-professed Socialist and Democrat Senator Bernie Sanders is surging in the polls as Granny Catlady's campaign continues to implode.  Most recently, Sanders drew a crowd of 7,500 in a city with 66,000 residents (in other words, over 48%, but I'm no mathematician, my numbers could be off).  Earlier today [7/7/2015], Sanders ripped a key White House economic fable stating that the real U.S. unemployment rate is double what the Obama administration claims.

Non-working America soars by 640,000 in one month to new record of 93.6 million.  It is hard to believe that one out of every three Americans is financially supporting the other two-thirds.  The unemployment rate appears much lower than it is because of the odd math behind the labor force.  The latest unemployment rate of 5.3 percent sounds great until you realize that last month 640,000 Americans were plopped into the not in the labor force category.  223,000 jobs were added but 640,000 Americans dropped out of the labor force.  Take the back of the napkin calculation that 10,000 Americans a day are hitting retirement age (that is roughly 300,000 per month).  Assuming all of these older Americans had the means to retire (not likely according to older Americans working) this means 340,000 Americans of working age fell out of the workforce for other reasons than age.  Something is going on behind the headline figures and it seems like more people are waking up to the funny math when it comes to employment.

AP: Mass Unemployment, Lower Wages Is 'New Normal'.  The AP's subtle point here is we are supposed to accept Obama's failed economy as the 'new normal.'  There's nothing that can be done about it.  And certainly none of this is Obama's fault.

Cultural aggression, destructive policies, and ceaseless smearing are wearing out a great people.  [Scroll down]  Our economy?  Destroyed.  Obama's America prospers haltingly, if at all — not a surprise given his boast early in his presidency that he would outlaw the business cycle.  The Democratic Party formerly seethed at Reagan for his allusions to welfare Cadillacs; now, after seven years of a leftist president, some 93 million of us don't even bother to seek employment.  Our people increasingly think the American Dream is a bad joke, and barely half of us even think capitalism is worth having.  The number of businesses extant in America has declined every year since Obama was first elected, and those still alive make a practice of refusing to grow.  No wonder that consistent 3-4 percent GDP growth, taken for granted in previous recoveries, now seems fanciful.

Bernie Sanders Says 'Real' Unemployment Rate Is Actually 10.5 Percent, Double The Official Rate.  Vermont U.S. Sen. Bernie Sanders undermined a key Obama administration talking point Monday [7/6/2015] when he said the actual unemployment rate in the U.S. is double what the federal government claims.  "When you talk about the economy we also have to have an honest assessment of unemployment in America," Sanders told a crowd of 7,500 gathered at a presidential campaign rally in Portland, Maine.

Labor Market Runs in Place; More Jobs, Participation Lowest Since 1977.  The U.S. labor market took one step forward and one back in June as job creation advanced while wages stagnated and the size of the labor force receded.  The addition of 223,000 jobs followed a 254,000 increase in the prior month that was less than previously estimated, a Labor Department report showed Thursday [7/2/2015] in Washington.  The jobless rate fell to a seven-year low of 5.3 percent as people left the workforce.

Job market's new normal:  Smaller workforce, sluggish pay.  Many part-timers can't find full-time work.  And a diminished share of Americans either have a job or are looking for one.

AP Calls Crippled Economy 'Healthy' Amid Mass Immigration.  In a grim report detailing America's severe economic decline, the Associated Press brushes off two crucial factors:  Mass immigration and Obamacare's grip on employers. [...] A record 93,626,000 Americans have stopped looking for work in an economy that managed to create only one job for every two immigrants the government let in from 2000 to 2014.  When all U.S. job growth goes to foreigners at the expense of Americans, while everyone in the labor force sees their wages suppressed year after year, it makes sense that some would throw in the towel — and other would tolerate less-than-ideal jobs to make ends meet.

June jobs report: 223K added, but 432K left workforce, April-May revised down 60K.  The US economy added 223,000 jobs in June, a respectable if unspectacular level of job growth that outpaces population growth, and the U-3 jobless rate dropped to 5.3%.  It's when one looks past the topline numbers that the problems emerge — chief among them the fact that almost twice as many people left the workforce as found jobs.

19.8% of U.S. Workforce Was Foreign-Born in June.  The unemployment rate for foreign-born workers in the United States increased slightly in June, according to data released Thursday [7/2/2015] by the Bureau of Labor Statistics (BLS).  BLS counted a total of 24,816,000 foreign-born workers in June, 282,000 fewer than last month's total.  The unemployment rate for the group increased from 4.7 percent to 4.9 percent.  Native-born workers who were employed increased from 124,251,900 to 124,830,000, bringing the overall unemployment rate down slightly from 5.5 to 5.3 percent.

Record 93,626,000 Americans Not In Labor Force, Lowest Level Of Participation Since 1977.  The BLS defines people outside the labor force as those ages 16 and older who are neither employed nor have "made specific efforts to find employment sometime during the 4-week period ending with the reference week."  The labor force participation rate also decreased 0.3 percent from last month to 62.6 percent.  The country has not seen a labor force participation rate that low since October 1977 when the participation rate was 62.4 percent.

The national debt is whatever Big Brother says it is.
15 Weeks: Treasury Says Debt Has Been Frozen at $18,112,975,000,000.  The portion of the federal debt that is subject to a legal limit set by Congress closed Friday, June 26, at $18,112,975,000,000, according to the latest Daily Treasury Statement, which was published at 4:00 p.m. on Monday [6/29/2015].  That, according to the Treasury's statements, makes 15 straight weeks that the debt subject to the limit has been frozen at $18,112,975,000,000.  $18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

The real unemployment rate was 42.9%, not 5.5%!  At the present time, there are 210 million adult Americans between the ages of 16 and 68 — to take a plausible measure of the potential work force.  That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society's need for production and work effort.  By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates.  Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!

Obama's contracting economy.  This week, Mr. Obama's Commerce Department issued its second estimate of how the economy performed in the first three months of this year, announcing again that it had not just stopped growing, but was declining.  After tinkering with its numbers with what they said was fresh economic data, the government changed its original assessment of the nation's gross domestic product (GDP) — the broadest measure of our economy.  The economy did a little better than its first calculation of minus 0.7 percent.  Instead, it had only shrunk by minus 0.2 percent.  Why?  People were spending less.  Exports were down.  Businesses were reluctant to invest in expansion.  Retail sales were lackluster.  The U.S. economy wasn't just anemic, it was contracting.

If Your BS Detector Isn't Shrieking, It's Broken.  We now inhabit a world where virtually everything is a con. [...] 93 million people aren't even counted any more — they're statistical zombies, no longer among the living workforce.  If the unemployment rate were calculated on the number of full-time jobs and the true workforce (everyone ages 18 — 70 that isn't institutionalized or in prison), the unemployment rate would not be the absurdly delusional 5.6% claimed by the bureaucratic con artists.

Jobs Data: 92,986,000 People Not In the Workforce.  The month of May saw 92,986,000 people not participating in the workforce, according to new data released Friday [6/5/2015] by the Bureau of Labor Statistics reveals.  May's total represented slight decline compared to last month's record, which saw 93,194,000 people outside the workforce.  The BLS defines those not in the labor force as people ages 16 and older who are neither employed nor "made specific efforts to find employment sometime during the 4-week period ending with the reference week."

As Obama's Economy Falls, White House Excuses Boom.  They must be getting pretty desperate in the White House economic shop these days.  When the revised GDP numbers showed a first-quarter decline of 0.7%, they started blaming the estimates themselves.

The Economy Has No Clothes.  On Friday [5/29/2015], the government's Bureau of Economic Analysis reported that the nation's economy contracted at an annual rate of 0.7 percent during this year's first quarter, a sharp drop from the barely positive 0.2 percent it estimated a month ago. [...] Many key components of what the nation's gross domestic product truly is — "the (real) value of the production of goods and services in the United States" — turned in seasonally adjusted first-quarter results far below those seen last summer and fall.  In certain key instances, the first quarter of 2015 actually came in below the far more winter-ravaged first quarter of 2014, effectively reversing all of the growth occurring during the quarters in between.

President Obama's Alibi Factory.  Let's say that next Friday, the Bureau of Labor Statistics comes out with a really handsome non-farm-payrolls report.  Something close to 300,000 new jobs and a decline in the unemployment rate by a couple of tenths of a point.  How do you suppose the president and his staff would deal with the news?  You might safely expect that the president, himself, would find a way to do a little public bragging.  That's what he did when the April number came out at more than 220,000 new jobs. [...] But the president isn't always so quick to take ownership of the numbers when they are ugly, as they were last week, when the Commerce Department released its revised figures of first quarter GDP.

Blame It on Global Cooling? Obama Has Lowest Average 1stQ GDP Growth of Any President on Record.  Even if you leave out the first quarter of 2009 — when the recession that started in December 2007 was still ongoing — President Barack Obama has presided over the lowest average first-quarter GDP growth of any president who has served since 1947, which is the earliest year for which the Bureau of Economic Analysis has calculated quarterly GDP growth.  In all first quarters since 1947, the real annual rate of growth of GDP has averaged 4.0 percent.  In the seven first quarters during Obama's presidency, it has declined by an average of -0.43 percent.  And if you leave out the first quarter of 2009 and look only at the first quarters of the six years since the recession ended, it has averaged only 0.4 percent.

The actual unemployment rate is 23 percent.
Seeking a true picture of unemployment.  For starters, the widely-reported "U-3" unemployment rate only includes those who are actively seeking employment.  And more and more job-seekers are getting discouraged and giving up the job search altogether.  This is why the unemployment rate has declined even as the civilian labor force participation rate has dropped significantly from its peak of 67.3 percent in 2000 to 62.8 percent today — hovering near a 37-year low.

What Friday's GDP news means (hint: it's not good).  The Obama economic policy has emphasized income redistribution — for example through expansion of Food Stamps and Medicaid, and Obamacare subsidies for many middle class families — and the recent recovery has averaged only 2.2 percent annual growth.  Whereas during the Reagan-Clinton years, greater emphasis was placed on keeping the dollar fairly valued and redressing trade imbalances — for example with Japan — and the economy grew at a 3.4 percent pace.  The president has flat out rejected addressing currency issues in TPP negotiations and recommendations from economists on the right, left and in the center to more fairly value the dollar and boost growth.  The Fed has refused to comment on the limitations imposed on its policy options by the administration's recalcitrant attitude that rejects basic tenants of modern international macroeconomics.

Do CEOs Make 300 Times What Workers Get? Not Even Close.  It is stated so often that it's become an indisputable fact — CEOs make about 300 times more than the average worker, and that ratio has been increasing for decades.  Hillary Clinton, for example, recently claimed, "There's something wrong when CEOs make 300 times more than the typical worker."  President Obama said, "Where a previous CEO of a company might have made 50 times the average wage of the worker, they might now make a thousand times or two thousand times."  News outlets routinely promote studies showing how outsized this ratio has become.  There's just one problem with this figure.  It's not accurate.  Not by a long shot.

Ed Secretary Arnie Duncan Says: Chicago Thugs Promise To Stop Killing Each Other If They Have Jobs.  It is a sentiment that runs rampant within the current administration.  The State Department says radical Islam will stop beheading if they can just implement a Jobs for Jihadist program; now the Education Secretary says Chicago gangs will stop shooting if they have a Jobs for Thugs program.

Education Secretary Meets With Chicago Gang Leaders: They Just Need Jobs.  Education Secretary Arne Duncan said on Tuesday that he has met with gang leaders in his hometown of Chicago and they've told him that it's a lack of jobs that keeps them on the streets.

America is a food stamp nation.  The gospel according to Wall Street, the White House and propaganda media is that the U.S. economy is recovering just fine.  Last week, happy-faced talking heads told us that unemployment was down to 5.4 percent — the lowest rate since May 2008 — even while the number of Americans not in the labor force climbed to a record 93,194,000.  The Labor Force Participation Rate (the percent of people 16 years old and older eligible to work) stands at 62.8 percent.  Still, government men dutifully claim all is well, that the stock market is bullish. [...] Even though jobless claims and the unemployment rate reported by the government are down, the Labor Department's figures are based only on people receiving unemployment benefits.  When those benefits run out, a person is no longer counted as unemployed by Uncle Scam, even though he or she still doesn't have a job.

Obama: Obamacare "Hasn't Done Too Bad In Terms Of Employment... Just Saying".  [Quoting Barack H. Obama] This this [sic] morning we learned our economy created 223,000 new jobs last month.  The unemployment rate ticked down again to 5.4%, lowest it's been in almost seven years. [...] I should add by the way, 62 months ago is when I signed the Affordable Care Act so obviously it hasn't done too bad in terms of employment in this country.  Just thought I'd mention that.

The Editor says...
The unemployment rate goes down only because workers are giving up any hope of finding a job, and dropping out of the job market.  Just thought I'd mention that.

Also posted under Obamacare kills jobs.

All Net Employment Gains Among Women Went to Foreign-Born Since Recession.  Since the beginning of the recession in December 2007 to April 2015, 1.37 million more immigrant women are employed — from 9,041,000 in December 2007 to 10,413,000 in April 2015.  Native-born women, on the other had saw net employment decline by 143,000 in that same timeframe.  From 59,322,000 in December 2007 to 59,179,000 last month.  While immigrant women vastly outpaced native-born women in employment, the population of immigrant women ages 16 and older experienced about half the growth of native-born women 16 and older in that time frame.

Americans Not In Labor Force Hits New Record High: 93,194,000.  For the second month in a row, the number of people not in the workforce hit another record high in April, according to jobs data released Friday [5/8/2015] by the Bureau of Labor Statistics.  April saw the number of people dropping out of the labor force increase from March's record 93,175,000 to a new record:  93,194,000 people not in the workforce.

The Stagnant Economy Spells Trouble for Democrats.  The Obama administration had made the argument just before last year's midterms that a spike in third-quarter GDP for 2014 meant that the economic policies of Barack Obama had finally begun to bear fruit. [...] The ground began eroding under that argument almost immediately.  The growth, especially in the third quarter, had been driven by unusually high defense spending (an increase of over 16 percent from Q2), and by continuing consumer confidence as expressed in personal consumer expenditures (PCEs).  By the fourth quarter, GDP growth decelerated to 2.2 percent, leaving 2014's overall GDP growth at the same level.

Once Again, Economists Promise Strong Growth After A Lousy Q1.  When the 0.2% GDP growth number came out on Wednesday, economists were quick to emphasize that it was just a temporary blip.  As Reuters put it:  "U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up." [...] Such words would be comforting indeed if it weren't the fifth April out of the past six that economists made almost the exact same claim.  Don't worry about disappointing first-quarter numbers, they've said over and over again, the economy is poised to take off.  Then comes the disappointing reality.

U.S. economic growth slows to 0.2 percent, grinding nearly to a halt.  The U.S. economy ground nearly to a halt in the first three months of the year, according to government data released Wednesday morning [4/29/2015], as exports plunged and severe winter weather helped keep consumers indoors.  The gross domestic product grew between January and March at an annualized rate of 0.2 percent, the U.S. Commerce Department said, adding to the picture of an economy braking sharply after accelerating for much of last year.  The pace fell well shy of the 1 percent mark anticipated by analysts and marked the weakest quarter in a year.

The Editor says...
Imagine the headlines that would have accompanied this news if the second-term president was a Republican.

Economic Growth Slows, Networks' Morning Shows Ignore.  Economic growth has stagnated so far this year, catching the broadcast news networks inexplicably off guard yet again.  The federal government's Bureau of Economic Analysis (BEA) announced April 29 that gross domestic product (GDP) expansion slowed to only 0.2 percent in the first quarter of 2015.  This meant the goods and services produced by the United States economy grew only minimally, lagging far behind growth in the previous two quarters.

Thanks, governor, for showing how wage gap is not the result of bias.  [T]his is exactly the kind of sham social science that the media parrots every year on "Equal Pay Day" — the date that is supposed to represent how many extra days a woman needs to work to earn as much as a man works in a normal 365-day year.  We are told, thus, that women in the aggregate earn approximately 70 percent of what men in the aggregate earn during a year.  Because that number is associated with the phrase "Equal Pay for Equal Work," we are suppose to be shocked, dismayed and go vote for Democrats at the next election.  But, of course, the 70 percent number that is trotted out (or whatever number is used that year) has NOTHING to do with discrimination.

Record 93,175,000 Americans Not In The Labor Force.  More Americans dropped out of the labor force last month, as the number of people not in the labor force hit another record high in March.  According to Friday's [4/3/2015] Bureau of Labor Statics jobs data 93,175,000 Americans were not in the work force in March, an addition of 277,000 to February's level of 92,898,000.

Why Are So Many Employers Unable to Fill Jobs?  The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor force at the same time we have businesses desperately trying to find workers.  As an example, the American Transportation Research Institute estimates there are 30,000-35,000 trucker jobs that could be filled tomorrow if workers would take these jobs — a shortage that could rise to 240,000 by 2022.  While the jobs market overall remains weak, demand is high in certain sectors.

Thanks to Obama's job-killing regulations...
Record High 12,202,000 Black Americans Not In Labor Force.  Anyone doubt for a second a white Republican president would under constant attack by the Dems for their "racist" economic policies against black Americans?

What Went Wrong in the March Jobs Report?  March came in like a job-creating lion and left like, well, some sort of severely disappointing animal.  In numbers released Friday morning [4/3/2015], the Bureau of Labor Statistics found that the economy created just 126,000 jobs.  That's barely half of the 248,000 predicted by economists.  It's the first time in a year there haven't been at least 200,000 new jobs for a month.  And adding insult to injury, it looks like the great numbers in January and February weren't as good as they seemed, either — the totals from those two months were revised down by a total of 69,000 jobs too.

Big March Miss: U.S. Created Just 126,000 Jobs.  The U.S. added just 126,000 jobs in March, well below expectations of 245,000 jobs, leading to concerns that a long run of labor market momentum has stalled.  The government also sharply revised downward job creation numbers for the first quarter.  Over the prior 12 months, employment growth had averaged 269,000 per month so the disappointing March numbers were very much unexpected.

America's False-Front, Movie-Set Economy.  Contrary to some folk, the government isn't going to support everybody; the government has only the money it takes from citizens.  Unemployed and minimum-wage Americans offer little to take, and the Labor Force Participation Rate is declining.  Those growing numbers of non-working people have to be housed, fed, and watered by those still working.  Government SNAP (food stamps), disability, and/or other benefits are presently paid to 49% of Americans.  That is a wobbly crutch resting upon deficits from a government burdened with debt.  Most of the money is taken from workers whose incomes have just halted a six-year decline.

Surprise: U.S. Economic Data Have Been the World's Most Disappointing.  It's not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday [3/12/2015] that surprised economists and investors with another dose of underwhelming news.  Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years.  The Bloomberg ECO U.S. Surprise Index, which measures whether data beat or miss forecasts, fell to the lowest since 2009, when the nation was in the deepest recession since the Great Depression.

This money will come from ... where?
White House pledges $100M to fill tech jobs.  President Obama on Monday [3/9/3015] unveiled a $100 million grant program as part of a new initiative that he said was critical to ensuring the U.S. remains a global economic powerhouse.  Obama called for plans to help thousands of Americans "fill the new jobs of this new century" by using nontraditional courses to turn them into top-level coders, programmers and other technology workers.

Rumbling
Working Class Gives Up On Obama, Fears Job Losses.  For several years, Obama said his policies would produce "bottom up prosperity," and in his State of the Union address in January, he claimed they were "helping working families feel more secure in a world of constant change."  The IBD/TIPP Poll shows the opposite.  Working-class families are overwhelmingly discouraged with the economy and anxious about their prospects, more so than the country at large and far more than upper-middle class families, who are generally happy with the way things are going.  For example, nearly two thirds of the working class (64%) say the country is headed in the wrong direction.  Nearly as many (60%) say they're not satisfied with federal economic policies.  And 53% say the economy is not improving.


February Ties Record: 92,898,000 Americans Not In The Workforce.  The month of February tied December's record number of Americans not participating in the workforce, according to data released Friday [3/6/2015] by the Bureau of Labor Statistics.  According to the BLS, last month 92,898,000 Americans ages 16 and over were neither employed nor had made "specific efforts to find employment sometime during the 4-week period ending with the reference week."  The number of people out of the workforce increased by 354,000 last month and the labor force participation rate dipped slightly to 62.8 percent.

Unemployment rate with dropouts
Here's What The Unemployment Rate Looks Like If You Add Back Labor Force Dropouts.  The official unemployment rate masks a problem that's been plaguing the economy since shortly before the 2009 recession:  a continuing decline in the labor force participation rate, which basically measures the percentage of the able-bodied population that's either working or looking for work.  After holding steady at roughly 66 percent from 2004 through late 2008, the labor force participation has been falling, and falling, and falling some more, with no end in sight.


February jobs report shows 295,000 jobs added, jobless rate 5.5%.  It's the fourth month in a row of good numbers, although January's previous 257,000 level was revised downward to 239,000 by the BLS.  The status of workforce participation didn't budge from its 36-year low, however, and recent economic indicators may signal tighter times ahead for American workers.

The Conservative and Progressive Measures of Success, Clearly Defined.  First, let us begin by saying that any official data citing reductions in unemployment rates are corrupted by one simple and less publicized fact:  the significant drop in labor participation rates.  When Barack Obama took office in January 2009, the labor participation rate was 65.7 percent.  Since then, labor participation rates have plummeted to 62.7 percent — the lowest since Jimmy Carter held office. [...] But even with that in mind, there might be useful data to extract from the unemployment rates.  While unemployment among whites fell by 1.5 points to 6.3 percent, black unemployment fell by only 1.1 points to 11.6 percent.  Black teen unemployment, on the other hand, rose substantially from 35.3% to 36.8%.

Yellen: Unemployment Rate 'Less Rosy' When You Count Part-Time, Discouraged Workers.  Federal Reserve Chair Janet Yellen said Tuesday at a Senate Banking Committee hearing that the U-6 unemployment rate — which includes people who are working part-time for economic reasons and those who are marginally attached to the labor force — "definitely shows a less rosy picture" of employment in the country.  People "marginally attached" to the labor force "are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for one work sometime in the past 12 months."

The Economy's Worst 8-Year Run in 62 Years.  A couple of publications have noted that 2014 was the ninth consecutive year during which the U.S. economy grew by less than 3 percent.  They're being too kind.  Last year was the eighth year in a row of sub-2.5 percent growth, following four straight years (2003-2006) of higher growth.  It's hardly a coincidence that the first year of that awful 2007-2014 streak just so happens to have been the same year that the Democratic Party took legislative control in Washington.

The real unemployment rate
Barack Obama's Job Approval Ratings vs. the Economy.  The overall civilian unemployment rate does not account for these part-timers.  It also does not consider those marginally attached to the labor force.  This includes the so-called "discouraged workers," — i.e. people who have given up looking for work in the past year because they do not believe they will find a job — and others who are unemployed as a result of work slowdowns or temporary layoffs.  When these groups are included, a much more troublesome picture emerges.  As of January 2015, this unemployment rate stands at 11.3 percent.  This is the real unemployment rate, and is the lowest it has been since October 2008.  It reached an unprecedented high of over 17 percent in 2010.  The last and only time the rate went over 11 percent was in early 1994.  (See chart 3.)


True Unemployment Rate Is Far Higher Than 5.6 Percent.  Americans may not be too surprised to learn that the 5.6 percent unemployment rate the U.S. Department of Labor is touting is entirely misleading.  According to Gallup, the real unemployment rate is currently 12.6 percent.  The unemployment rate calculated by the Department of Labor is seriously flawed because it does not factor in whole groups of people that Americans would recognize as being unemployed, including those who are severely underemployed.  For example, a college graduate who is working only a few hours per week at the moment because he cannot find full-time work is not considered to be unemployed, even if his income is completely unlivable.

There's Unemployment, Then There's Unemployment.  The BLS January U-3 "official" unemployment rate is 5.7 percent.  "Official" means that this is the percentage the MSM reports.  It does not include "discouraged" unemployed workers who have not looked for work in the past four weeks because they believe no jobs are available.  The U-3 rate makes the Obama administration economic policies appear better than they really are, so the MSM reports it.  This is "unemployment."  The BLS January U-6 unemployment rate, a much more representative figure of economic reality than the U-3 rate, is 11.3 percent.  The U-6 rate includes U-3 unemployed, plus all persons marginally attached to the labor force, plus workers employed part time.  A marginally attached worker is one that wants full-time work and has actively looked for a job sometime in the past 12 months.  This worker is not considered to be either employed or unemployed, so he/she is not included in the "official" U-3 unemployment rate. [...] Then there's the ShadowStats Alternate Unemployment Rate for January, which is 23.2 percent.  It begins with the U-6 rate, then adds in the long-term discouraged workers, those who have been discouraged for more than one year but still consider themselves to be unemployed.  They have, since 1994, been excluded from all government data.

Gallup Chairman: 5.6% Unemployment Is A Big Lie.  Written by the Chairman of Gallup, someone who does statistics for a living.

Friday unemployment numbers hide widespread joblessness.  Unemployment rose a notch to 5.7 percent, but that understates the jobless problem, because so many fewer adults are active in the jobs market than prior to the financial crisis.

Two Immigrants For Every New Job Since 2000.  The United States has accepted two new immigrants for each additional job created since 2000, according to federal data.  The data shows that 18 million legal and illegal immigrants settled in the United States from 2000 to 2015, while only 9.3 million additional jobs were created, according to the Center for Immigration Studies, which favors a reduced level of immigration.  After subtracting deaths, departures and retirements among the immigrants, the working-age population of immigrants has grown 12 million since 2000, according to data at the Bureau of Labor Standards, said Steve Camarota, the author of the CIS study.

When your government lies to you.  Right now the lie claims that only 5.6% of those who want to work aren't working.  That's simply not true.  But it is a lie that banks on you not looking into how the government computes this number. [...] Yet politicians and the media keep pushing that number out there without any caveat or qualifier.  They too expect you to use your definition of unemployment while they knowingly push this lie.  And, it's even worse than that.  Here's another way they pad that official number: [...]

Pay no attention to the real economy behind the curtain.  While the economy grew 2.6 percent in the fourth quarter, what most reports don't mention is that 20 percent of that growth was health-care spending.  And the majority of that spending was taxpayer-funded subsidies from ObamaCare.  In other words, the stimulus never ended.  Health care is what Americans are spending most of their money on today — far more than they spend on housing and utilities combined.  Or cars, furniture, food or fuel.  Surging medical spending also explains the third-quarter's huge upward revision in GDP growth.

The Reality Beneath "Low Unemployment" Propaganda: Less than half of adult Americans are employed full-time.  Gallup regularly tracks the percentage of U.S. adults that are employed for 30 or more hours per week, and it is currently at 44.2 percent.  It has been hovering between 42 percent and 45 percent since the end of 2009.  This is extremely low.  As I discussed the other day, there are 8.69 million Americans that are considered to be "officially unemployed" at this point.  But there are another 92.90 million Americans that are considered to be "not in the labor force".  Millions upon millions of those Americans would work if they could.  Overall, there are 101 million U.S. adults that do not have a job right now.  But you won't hear that number being discussed by the mainstream media, because it would make Barack Obama look really bad.

Only 44 Percent of U.S. Adults Work 30 Hours a Week or More with a Regular Paycheck.  It's not every day you see you see the chairman and CEO of the Gallup polling organization come out and declare the official unemployment rate number is extremely misleading, or, as the headline suggests, "a big lie".

The Big Lie: 5.6% Unemployment.  Right now, we're hearing much celebrating from the media, the White House and Wall Street about how unemployment is "down" to 5.6%.  The cheerleading for this number is deafening.  The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.  None of them will tell you this:  If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you've stopped looking over the past four weeks — the Department of Labor doesn't count you as unemployed.  That's right.  While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%.  Right now, as many as 30 million Americans are either out of work or severely underemployed.

The Jobs Report Isn't Worthy of the Praise It's Getting.  Obama likes to brag that there have now been 51 months of uninterrupted monthly job gains, which have resulted in 10.3 million new jobs.  Sounds impressive, doesn't it?  But over that same period, the working-age population increased by 11.2 million.  By that measure, the country has actually lost ground over the past four-plus years.

Net U.S. Job Gains Since The Recession Have Gone To Foreign-Born Workers.  The Bureau of Labor Statistics released updated employment data Friday [2/6/2015].  The new BLS figures reveal that since the start of the recession in 2007 — which is said to have ended in June 2009 — the number of foreign workers employed in the United States rose by 1.7 million.  In December 2007 the number of foreign-born workers was 22,810,000 by January 2009 the number has increased to 24,553,000.  Meanwhile the number of American-born workers employed decreased by 1.5 million, from 123,524,000 to 121,999,000.

Gallup rips apart Democratic narrative that unemployment on the decline.  [Scroll down]  Conservatives have complained for years that the labor participant rate, which is currently the lowest it has been in 38 years, is often ignored by the press.  Moreover, in the Obama-era, many on the right have taken to monitoring the U-6 as a gauge of "real unemployment."  According to Gallup, which also conducts surveys to determine the unemployment rate that are based on a rolling 30-day average and are not seasonally adjusted, has determined that only 44.1 percent of the whole American population is working more than 30 hours per week.

The 5.6% Unemployment Rate Is A 'Big Lie,' Gallup Boss Says.  We at IBD often get lambasted for our gloomy take on the monthly jobs data that emerge from the government.  After all, if the government puts it out, it can't be inaccurate, can it?  And it must be honest, right?  Well, we're not alone in casting aspersions on the dicey employment numbers.  As we've said many times, properly measured, the current unemployment rate is somewhere north of 10% — depending on how you slice the numbers.

Obama budget calls for largest federal civilian workforce since Cold War.  The federal civilian workforce will reach its highest level since the end of the Cold War under the budget President Obama submitted to Congress on Monday [2/2/2015], surging by more than 100,000 employees over the next two years as he tries to restock agencies he says have been decimated by GOP-led cuts.  All told, Mr. Obama will have added more than 160,000 civilian workers to the executive branch since he took office, putting him on pace to top President George W. Bush for the biggest expansion in modern political history.  When civilians at the Department of Defense are discounted, Mr. Obama is already the leader, with 124,000 jobs added in his first seven years.

The Editor says...
Decimated?  Show me the list of federal employees who were laid off at any time in the last five years due to spending cuts implemented by the Republicans.  I doubt if there is such a person, let alone a hundred thousand or more.  If that were true, it would have been front-page news for most of Obama's presidency, but of course it is a lie.  As the article above states, Mr. Obama has added 124,000 government jobs since he has been in office.

Reaganomics Beats Obama's 'Middle Class Economics' By A Country Mile.  On Friday [1/30/2015], the Bureau of Economic Research reported that the last quarter of the year produced another round of mediocre growth — just 2.6%.  That undercut the average economist's forecast by about six basis points and continued a pattern of weak quarters typically following periods of decent growth.  But it didn't stop White House economic adviser Jason Furman from claiming that "today's report affirms the underlying pattern of resurgence in the economy."

Dangerous Words From Democrats on Jobs.  There is no obligation to work in the United States.  The notion can only be put forth in a society where the individual is the beneficiary of so much Government largesse, and that's the root of the problem, not the lack of work.  Letting Democrats play slight-of-hand tricks while trying to implement policies based on the world as they see it is a recipe for disaster.  These ideas need to be called out for what they are and laid to rest.  Wasn't Socialism a bad thing at one time in America?

Joe Biden: the Obama years 'have been really, really hard for this country' — White House blames Bush.  Vice President Joe Biden suggested Friday morning that the Obama years have not been a time of prosperity and ease, but 'really, really hard for this country.'  But he still insisted that his boss, Presdient Barack Obama, has made the right economic decisions.  And hours later the White House blamed problems Obama inherited from his predecessor for an incomplete economic recovery.

Sessions: 'We've Got to Ask Ourselves Who It Is This Government Is Representing'.  At her confirmation hearing on Wednesday [1/28/2015], Attorney General nominee Loretta Lynch "openly advocated for the providing of scarce jobs in America to those who are here illegally," said Sen. Jeff Sessions (R-Ala.).  Speaking to Fox News's Megyn Kelly Wednesday night, Sessions said there aren't enough jobs for American citizens:  [...] "And I think that this administration and (Lynch's) statement really opened up and showed what they really believe about this.  They're as committed to finding jobs for illegal people in our country today as they are people who are here lawfully."

Blocking Obama's Agenda Created 1.8 Million Jobs in 2014.  A new study finds that 60% of the jobs gained last year were due to the fact that Republicans managed to block one of President Obama's key "middle class economics" policies in Congress.

Fact Check: Obama Claims Credit For Incomplete Recovery.  The U.S. may not have "risen from recession" quite as rousingly as President Barack Obama suggested in his State of the Union speech Tuesday night.  Seven years after that severe downturn began, household income hasn't recovered and healthy job growth is complicated by the poor quality, and pay, of many of those jobs.

The stomach-knotting state of our union.  My fellow Americans, the state of our union under Barack Obama is fretful and fragile.  Polls confirm our kitchen table conversations:  Five years into a gimpy recovery, we still think the economy stinks.  Not without reason.  Good jobs still are hard to come by.  Wages are flat.  And even though the unemployment rate is coming down, dispirited workers abandoning their searches accounts for much of the decline.  At a dismal, unspinnable 62.7 percent — not a typo — the labor force participation rate is the lowest it's been since Jimmy Carter was president.

According to the government, there's no inflation.  Government data reports are so funny.  The blaring headlines today tells us that prices dropped in December.  We are all saving billions from the drop in oil and gas.  Hallelujah!!  The corporate MSM never digs into the numbers to get the real truth.  These reports and their distribution to the sheep are designed to keep you sedated and calm.  Facts are not necessary.  How this data pertains to your everyday life is not important to the .1% who control the flow of information.

Hiding the real economic story.  President Obama has had no better ally on the state of the American economy over the last six years than the nightly network news shows.  When the economic numbers have been terrible or just plain mediocre, the network newscasts have often ignored or underplayed the larger human story of jobless people struggling to survive.  When there was periodically modest improvement, however brief, they made it sound like the economy was roaring back.

The December jobs report: Are workers partying like its 1999? Not really.  An additional 2.95 million Americans found work in 2014 — including 252,000 last month — the most since 3.18 million jobs were created during that boom time 15 years ago.  But a comparison between back then and now shows a striking difference between the modest economic acceleration of 2014 and go-go late 1990s.  First, the jobless rate was a lot lower in December 1999, 4.0% vs. 5.6% last month.  Second, a much bigger share of the adult population had jobs, 64.4% vs. 59.2% today.

Labor Force Participation Matches 36-Year Low; 92,898,000 Neither Had Job Nor Sought One.  A record 92,898,000 Americans 16 and older did not participate in the labor force in December, as the labor force participation rate dropped to 62.7 percent.  The labor force participation had also been 62.7 percent this September, but prior to that had not been that low since February 1978, which was 36 years ago the Bureau of Labor Statistics reported today.  The labor force participation rate is the percentage of the civilian noninstitutional population who either had a job or was actively seeking one during the month.  Those not in the labor force neither had a job, nor sought one.

Population Equal to Illinois Has Quit Working Under Obama.  Since President Obama took office in 2009, the number of people who've dropped out of the labor force has climbed by 12.4 million.  That's basically equal to the entire population of Obama's home state of Illinois — which measured 12.8 million in 2014 — and nearly 2 million more than the state's working age population.

Golfing during tsunami season.  As working people close out another year in economic purgatory, President Obama defiantly promotes tales of progress on numerous fronts that fall apart under inspection — the American economy is not out of danger, the gulf between the wealthy and the dispossessed is not narrowing, and global peace is certainly far from hand.

An 'Awesome Economy'? Not Even Close
  •   While crashing in recent months, gas prices at the pump still averaged this year above the pre-Obama annual averages.
  •   The Deficit for the just-concluded Federal budget year was larger (in both dollar terms and as a percent of the economy) than in the years before the crisis.
  •   Sales of existing homes are weaker than from before the bubble era, and sales of newly-built homes in 2014 was still weaker than all but two of the 45 years (!) leading up to Obama.
  •   The Unemployment Rate for all of 2014 is on pace to be worse than any annual average under Bush and worse than most Clinton years as well.
  •   Household Income is 4.5% lower compared to when the previous recession started seven years ago.
  •   The Poverty Rate — the percent Americans living in poverty — is worse than any year under Bush and worse than most Clinton years too despite the fact that the elevated Obama government spending for the poor suppresses the real poverty rate.

The Homelessness Problem Is Still With Us — and Growing.  While the gatekeeping establishment press insists on promoting the alleged wonders of the nation's still-nascent "recovery," two indicators relating to homelessness surfaced this month with relatively little notice.  Five and a half years after the official end of the recession and six years into Barack Obama's presidency, these indicators demonstrate that the problem has not only not lessened, it has arguably gotten worse.

Obama: Most black people don't use racism as an excuse.  Before flying off to Hawaii for a two-week vacation, President Obama said Friday that most blacks understand America's history of slavery and segregation isn't an excuse for their current challenges.  Asked by a reporter to assess the state of black America, Mr. Obama said most blacks are "better off now" than when he came into office, due to the economic recovery.

Should You Believe What They Tell You or What You See?  The BLS reported 321,000 jobs added in November and the unemployment rate at 5.8%. Jobs are plentiful, based upon these statistics.  A skeptical critical thinking individual might ask a few questions or point out a few inconvenient facts the government purveyors of propaganda might not want us to ponder:
  •   The non-manipulated, non-seasonally adjusted number of jobs in November FELL by 270,000.  The BLS added 600,000 jobs as an adjustment to achieve the headline grabbing result.
  •   If the jobs market is so good, why is the labor participation rate at a 30 year low of 62.8%?
  •   Since 2007 the number of working age Americans has risen by 17 million, while the number of employed has risen by less than 1 million, but the unemployment rate is about the same.
  •   Why would almost 14 million working age Americans leave the labor force since 2007 if the economy is booming and jobs plentiful, with 1.2 million leaving in the last 12 months?
  •   Why would payroll tax receipts be flat with last year if millions of new jobs have been created?
  •   If the country has really added 8 million jobs since 2010, how could real median household income FALL by 2.3%?

Labor Force Participation Remains at 36-Year Low.  The labor force participation rate remained at a 36-year low of 62.8 percent in November, according to the Bureau of Labor Statistics.  The participation rate, which is the percentage of the civilian noninstitutional population who participated in the labor force by either having a job during the month or actively seeking one, was 62.8 percent in November which matches the percentage since March 1978.

321K Job Growth Isn't a Big Deal — Check the Record.  Maybe it's because unquestionably good news about the economy is so rare these days, but economics reporters were falling over themselves to deliver superlatives about the November jobs report.  They called it "a knockout," "boom-like numbers" and "the strongest streak of hiring in several decades," and said that the report "jumped decisively into 'great news' territory." Even the White House showed more restraint, simply calling the November numbers "strong."  These reporters would be well served — as would their readers — actually to look at the jobs data.  They'd discover that a 300,000-plus job gain during an expansion isn't earth-shattering.  In fact, it's fairly common.

'Unauthorized' Aliens With Jobs Outnumber Non-College-Grad Adults Seeking One.  Aliens illegally holding jobs in the United States outnumber all unemployed people who are not in management, professional or related occupations as well as all unemployed who are 25 and older and who do not have a college degree, according to an estimate of "unauthorized workers" published by the Chief Actuary of the Social Security Administration and employment data published by the Bureau of Labor Statistics.  The BLS only counts as "unemployed" people who have actively looked for a job in the past four weeks.

Even the Labor Department can't explain the latest job report.  As it turns out, last month's job growth was much more ordinary than the headline figure would have you believe — and it all lies with the seasonal adjustments Uncle Sam sprinkles onto all its data. [...] The raw, unadjusted data from Labor showed that 523,000 new jobs were created in November 2013.  After that figure was seasonally adjusted, the growth was reduced to 203,000.  The raw, unadjusted numbers reported Friday [12/5/2014] showed 497,000 new jobs — or 26,000 less than last year's 523,000 raw number.  Yet, this November's adjustment resulted in a headline figure of 321,000 — or a whopping 118,000 more than last year.  If the seasonal adjustments stayed consistent Friday's growth should have been less than last year's 203,000!

No, China Hasn't Overtaken U.S., And May Not Ever.  "It's official: America is now No. 2," says the headline on MarketWatch, a website we enjoy.  The piece passes on the shocking news from the International Monetary Fund that China's economy has overtaken the U.S. economy, marking the first time since Ulysses S. Grant was president that the U.S. was anything other than No. 1.  Except, well, it's not exactly true.  Yes, using a calculation called "purchasing power parity," it looks as if China has passed America.  But that calculation is a statistically manufactured one, which supposedly makes up for different costs of living in the two countries.

Not working for the working class.  [Scroll down]  So if Democrats want to win back the white working class — and they kind of need to, if they want to win elections, because it's an enormous demographic — maybe they need to start thinking about honoring and encouraging work, rather than talking about race or class.  One person who has some ideas in this direction is Vermont Sen. Bernie Sanders, who suggests that the government invest heavily in infrastructure, which would create a lot of blue-collar jobs.  That was actually an original part of Barack Obama's stimulus plan, but it was derailed by feminists within the Obama coalition who thought it would produce too many jobs for men.

Applications for Jobless Aid Jump to 313,000.  The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months.

Eagerly Awaiting Obama's Sixth Annual Summer of Recovery: 20% of American Households on Foodstamps.  It seems so surprising that a radical leftist community organizer would make things worse rather than better.

Jobless claims surge to 11-week high.  The number of people who applied for new unemployment benefits in the week before Thanksgiving jumped to an 11-week high and topped the 300,000 mark for the first time since early September, fresh government data showed Wednesday [11/26/2014].  Initial jobless claims leaped by 21,000 to 313,000 in the week ended Nov. 22, the Labor Department said.  Economists polled by MarketWatch had forecast claims to total a seasonally adjusted 288,000.

Labor Secretary: 'President's Executive Action Will Help Lift Wages'.  Labor Secretary Tom Perez said that President Obama's executive action on immigration "will help lift wages" and that illegal immigrants are "exploited by employers" during a Politico event at the Newseum in Washington, D.C., on Nov. 20.  "There have been a number of estimates of how the president's executive action will help lift wagesm and I agree with that," Perez said.  "What would help lift wages even more is comprehensive immigration reform, and there is no substitute for that comprehensive reform."

Explaining Away Obama.  Every statistic that Obama has produced on Obamacare enrollment, deportation, unemployment and GDP growth is in some ways a lie.  Almost everything he has said about granting amnesty was untrue, from his own contradictions to the congressionally sanctioned small amnesties of prior presidents.  Almost every time Obama steps to the lectern we expect two things:  he will lecture us on our moral failings and what he will say will be abjectly untrue.

Is This the End Game for Liberal Racism?  [Scroll down]  Then there is unemployment.  Blacks are about twice as likely to be unemployed as a white person.  What does President Obama do?  He proposes to legalize 5 million illegal immigrants so they can compete for jobs in the formal economy — against blacks.  That's real racism.

Voters Reject the Green Political Agenda.  What the midterm voters wanted was an economy that returned to its average 3.3% annual growth since the end of World War II.  For six years of the Obama presidency, growth has all but disappeared.  In 2013, as measured by the World Bank, it was barely 1.9%

Employment Situation Improves in October — Except for African Americans.  The employment situation in October improved in every way for most Americans, except for African Americans, according to data from the Bureau of Labor Statistics (BLS).  The number of African Americans who were employed in the United States in October dropped by 41,000; and the number of African-Americans not participating in the labor force increased by 114,000.

Don't believe the hype — Hillary Clinton can be beat.  In October, Clinton was campaigning, with characteristic futility, for Martha Coakley, the losing candidate for Massachusetts governor, when she said:  "Don't let anybody tell you that it's corporations and businesses that create jobs."  Watch her on YouTube.  When saying this, she glances down, not at a text but at notes, and proceeds with the hesitancy of someone gathering her thoughts.  She is not reading a speechwriter's blunder.  When she said those 13 words she actually was thinking.

Democrats Still Hate Dirty, Greedy Businesses.  Hillary Clinton sniffs, "Don't let anyone tell you that, um, you know, (smirk) corporations and businesses create jobs."  Barack Obama chastises, "If you have a business, you didn't build that.  Somebody else made that happen."  Analysts around the country have correctly noted that Obama and Hillary were trying to be Elizabeth Warren, Lioness of the Leeches, Princess of Thieves.  Here's the way Warren said it: [...]

Selling the Illusion of Economic Success to Salvage Elections.  In fact, President Obama used the same talking point at a Wisconsin campaign rally this week, saying, "When I came into office, the economy was in free fall.  The auto industry was on the verge of collapse.  But over the past four and a half years, America's businesses have created more than 10 million new jobs."  When he made that claim in September, the UK Daily Mail criticized the President for forgetting to mention the 4.3 million jobs lost along the way. [...] Currently the Bureau of Labor Statistics (BLS) places the number of unemployed or underemployed at 18.6 million as of September this year, which means that the economy is worse off in a key marker of prosperity.  In fact, Ferrara calculated last year that President Obama's economy had a shortfall of about 10 million jobs.  How many jobs are we missing now?

Obama's Last Midterm Speech: The Economy's Great! ...Except for Women.  In Barack Obama's last weekly address before the November election, he resorted to his usual chicanery, this time with an emphasis on the War on Women.  Obama started by claiming that over the past 55 months, "Our businesses have added 10.3 million new jobs."  "Our businesses?"  Since when did the creator of the infamous line "You didn't build that," have the right to call them "Our businesses?"  "Added 10.3 million new jobs?" [...]

Unions And Liberals Are Working Hard To Kill Jobs.  How many employees could McDonalds do away with per store by going automated?  Two to five?  More?  And will the other fast food restaurants quickly follow suit?  You can bet they will.  These are low paying jobs because that is the business model, and always has.  They are not jobs meant for adults supporting kids.

Janet Yellen Echoes Barack Obama's "Income Inequality" Nonsense.  "Stagnant living standards for the majority" for the past few decades?  Really?

So Who Does Create Jobs?  Hillary Clinton, doing her no-bull, forceful leader number, tells an audience:  ["]Don't let anybody tell you that it's corporations and businesses that create jobs.["]  The aggressive tone and inelegant phrasing are meant, one supposes, to convey authenticity, which has never been Mrs. Clinton's strength as a campaigner.  No news there.  But what of the content — such as it is — of the remark?  Mrs. Clinton could be forgiven for thinking that corporations and businesses exist solely to provide big paydays for politically connected guest speakers.  But then, who does create jobs in the Clinton universe?  If, that is, any jobs are being created.

Hillary Clinton: Business Don't Create Jobs!  This video is sure to make a glorious return in a couple of years.  In it, Hillary Clinton disparages the entire capitalism system in one revealing sentence.

Hillary: 'Don't Let Anybody Tell You' That 'Businesses Create Jobs'.  Appearing at a Boston rally for Democrat gubernatorial candidate Martha Coakley on Friday, Hillary Clinton told the crowd gathered at the Park Plaza Hotel not to listen to anybody who says that "businesses create jobs."  "Don't let anybody tell you it's corporations and businesses create jobs," Clinton said.

For Democrats, Obama is the October surprise.  No Democrat wants to be tied to a president who promises prosperity and delivers malaise.  "The reminders are everywhere," says Freedom Partners spokesman James Davis.  "The struggle to find a good-paying job, health care uncertainty because of broken promises, tax dollars taken from their paychecks only to be wasted, special treatment for politicians and a failure of government to care for veterans.  Election Day is Americans' opportunity to stand up and say 'enough.'"

Obama's Enablers in the Senate.  Is there a single Obama initiative that has actually worked as advertised, or even one that has improved the lives of most Americans or improved the U.S.'s standing in the world? [...] For the so-called stimulus act of 2009, Obama promised hundreds of thousands of "shovel-ready jobs."  There were instead, approximately ... none.  The president later tried to turn his own prior promise into a punch line, quipping, at a meeting of his Council on Jobs and Competitiveness, that "shovel-ready was not as shovel-ready as we expected."  Hilarious.  What's not so funny is that every Democratic senator voted for the bill.

There's no sugar-coating Obama's economy.  During his 60 Minutes interview late last month, President Obama put an old and familiar rhetorical question to the voters:  "Ronald Reagan used to ask the question, 'Are you better off than you were four years ago?' ... And the answer is, the country is definitely better off than we were when I came into office."  Most members of the public do not share this view, according to this week's Washington Post/ABC News poll.

Why Have So Many Americans Dropped Out of the Workforce in the Obama Years?  Since Barack Obama entered the Oval Office in January of 2009,the percentage of the working age population actually part of the labor force (either working or looking for work) has plummeted by 3 percentage points — to 62.7%.  Not since early 1978 has such a low proportion of the working-age population been in the labor force.  In effect, the labor force is 7.4 million smaller than it otherwise would have been had people either not stopped looking for work or, particularly with the case of younger Americans, simply failed to start looking for work.  In effect, nearly as many Americans have either left the work force — or never entered — in this recovery than have found a job.  That's a very distressing trend.  It also explains the big dive in the official unemployment rate to 5.9%.  Unemployment keeps going down as more Americans give up looking for a job.

The Not-Credible Shrinking Unemployment Rate.  The highest-profile metric to which the president can point as representing a degree of economic progress is the official unemployment rate.  It dropped to 5.9 percent in the BLS's Friday [10/10/2014] report, its last such pre-midterm missive.  A confidential source who is in a position to know has told me that almost everyone tasked with gathering and submitting the raw data the bureau uses in preparing the Household Survey, the underlying report which forms the basis for BLS's calculation of the unemployment rate, believes that it should be significantly higher.

Why the White House Fudged the Numbers on Student Loans.  Eager to broadcast some good news approaching the midterm elections, the Obama administration recently announced a welcome dip in student loan defaults, from 14.7 percent for the 2010 cohort (loans taken out in that year) to 13.7 percent for 2011.  Policymakers, alarmed about how our trillion-dollar student loan burden and soaring default rates are undermining our economic growth, cheered the report.  Unfortunately, it turns out the numbers are bogus.

Obama Blames The Media For His Low Polls.  Americans don't understand that economy is doing great because the press is biased against good news, President Barack Obama told a group of prosperous donors Tuesday [10/7/2014].  "Frankly, the press and Washington, all it does is feed cynicism," he insisted, despite getting six years of favorable coverage from establishment newspapers and TV shows.  "Most of you don't know the statistics I just gave you," Obama said, after listing a series of cherry-picked data that ignored that roughly 10 million Americans who have given up looking for work, and the $7 trillion in added debt.

CBO charts changes in long-term unemployed.  A larger share of the long-term unemployed this year have been women, college graduates and people ages 55 or older, according to the nonpartisan Congressional Budget Office (CBO).  Comparing March 2007 to March 2014, the CBO found the percentage of women who have been out of work for a long period has increased by 9 percentage points.  Similarly, the percentage of college graduates and people over 55 who account for the long-term unemployed has each increased by 7 percentage points.

Michelle Obama: U.S. Has Improved 'By Almost Every Economic Measure'.  In a speech in Boston, First Lady Michelle Obama left behind talk of exercise and school lunches, exchanging it all for bald politics by claiming that under her husband the US economy is now better off "by almost every economic measure."

Strange coincidence department.  I guess Obama is just lucky the way unemployment figures unexpectedly dropped right before the last two elections while he was in office, and then bounced upward afterwards.  Sheer coincidence.  Well, whaddya know?  Unemployment just dropped again before the 2014 elections!

Obama-conomy Wreaking Havoc on Middle Class.  While the media has been quick to carry Barack Obama's mid-term water in pushing the notion that unemployment is down to "5.9% ... its lowest level since 2008," what they aren't pointing out is how disastrous the Obama economy has been for the middle class.  In essence, real wages continue to shrink and any gap with a so called 1%, many of whom support Democrat policies, has only continued to grow during Obama's time in office.

Record 92,584,000 Not in Labor Force; Participation Hits 36-Year Low.  A record 92,584,000 Americans 16 and older did not participate in the labor force in September, as the labor force participation rate dropped to 62.7 percent, a level it has not seen in 36 years, the Bureau of Labor Statistics reported on Friday.  Six times in the last twelve months, the participation rate has been as low as 62.8 percent; but September's 62.7 percent is the lowest since February of 1978.

315,000 drop out of the workforce, now 92.6 million!.  Yet again, more people dropped out of the labor market than got jobs in September 2014.  The unemployment rate, which is a complete fraud dropped to 5.9%, the lowest since 2008.  The media will have their numbers to spin in hopes of helping Democrats for next month's election.  But the true story about this latest jobs report is the 315,000 people who dropped out of the labor force.  There are now 92.6 million Americans not in the labor force.  With 92.6 Americans out of the labor force, the labor participation rate is at [its] lowest level since February 1978, during Jimmy Carter days.  Thanks Obama!

Obama's trickle-up economy.  Happy days are not yet here again for American workers, regardless of the cheering generated by the government's latest report on job creation.  The number of people collecting paychecks rose more than had been expected and the tally of people counted as jobless fell, placing the unemployment rate — 5.9% — at its lowest level since 2008.  While the trends are positive, they offer only distant hope to a middle class that is taking home less pay than it used to and can only watch as the wealthy enjoy ever greater prosperity.

Captain Obama handcuffs Democrats to the deck chairs on the Titanic.  Just wait until people realize the "good September jobs report" Obama's trying to talk up is actually just the usual combination of burger-flipper part-time jobs and a collapsing workforce.

A Loss of Confidence in American Institutions.  The U.S. economy added 248,000 jobs in September, and the unemployment rate dropped to 5.9 percent.  But the labor force participation rate continued to fall, average hourly earnings seem frozen, and over 13 percent of workers are either out of work, involuntarily working part time or too discouraged to keep hunting for jobs, and 20 percent of teenagers are out of work.  In short, two cheers for the latest report, but hold the champagne.

Obama Claims His Economy Is A Success.  President Barack Obama claimed Thursday that "the facts" demonstrate that his economic policies are safely guiding the nation's towards middle-class prosperity.  "Those are the facts," he said.  "It's not conjecture, it's not opinion...  I laid out facts," he told his audience of upper-income progressives at Northwestern University in Illinois Oct. 2.  Obama's pitch to the progressives combined a mix of flattery, selective data and visceral campaign pitches, including promises of cheap loans for his student audience, more power for would-be regulators and greater wages for women.

Obama: The Country Is Better Off, People Just Don't Feel It.  President Obama firmly believes the United States is better off now than when he took office, even though the American people cannot "feel" it.  During an interview with 60 Minutes' Steve Kroft, Obama said, "the country is definitely better off than when I came into office."

Obama: US better off but people aren't 'feeling it'.  The president is delusional.  Or misinformed.  He also has a short memory.  How else do you explain his statement that the US is better off since he took office, but citizens just aren't feeling it because we haven't spent hundreds of billions more in stimulating the economy.

The Editor says...
The writer of the article immediately above left out one obvious explanation:  Barack H. Obama is a liar.

Americans' Wages Stagnant at 1988 Levels.  Importing more immigrant workers when more than 92 million Americans aren't participating in the labor market is indefensible.  The elite, mostly corporate America, but also universities and hospitals, profit immensely.  For the average American, however, the tens of thousands of visas issued annually since the early 1990s have taken their toll.  Originally intended to be only temporary, the H-1B is today integrally woven into the corporate fabric.

1 in 4 Americans 25-54 Not Working.  A new chart from the minority side of the Senate Budget Committee shows a startling fact: Almost 1 in 4 Americans between the ages of 25-54 (or prime working years) are not working.

Who Got the Jobs in Georgia?  Natives accounted for most of the growth in population, but all employment growth went to immigrants.

Who Got the Jobs in North Carolina?  Natives accounted for most of the growth in population, but all employment growth went to immigrants.

Who Got the Jobs in Florida?  State ranked high in growth 2000-2014, but most employment gains went to immigrants.

The Government and Corporate Media vs. Economic Reality.  I never believe government manufactured numbers.  They will always be adjusted, massaged, and manipulated to achieve a happy ending for the propagandists attempting to control and fleece the sheep. [...] Credit card debt has reached a new post recession high.  They tell me consumer confidence is soaring.  Forget about the 92 million working age Americans supposedly not in the labor force.  Forget about real household income hovering at 1999 levels.  Forget about median household net worth still 30% lower than 2007.  Forget about what you see with your own two eyes in malls, strip centers and office parks as you motor around our suburban sprawl empire of debt.  Those Store Closing, Space Available, and For Lease signs mean nothing.

Obama's Spin Can't Keep Up With America's Economic Reality.  At a Labor Day rally in Milwaukee, President Obama turned the limelight on himself, approvingly and inaccurately.  "By almost every measure," he declared, "the American economy and the American workers are better off than when I took office."  In contrast to Mr. Obama's self-congratulatory assertion, the Census Bureau reports that median household income in the United States, adjusted for inflation, is down by more than $2,000 since Obama's first inauguration in January 2009.  Additionally, as an indicator of the economic downturn, a sixth of the U.S. population is currently receiving food stamps, an increase in the participation rate in the Supplemental Nutrition Assistance Program of 61 percent since 2008.

Sorry, Obama Fans: Reagan Did Better on Jobs and Growth.  Supporters of President Barack Obama, such as one of his campaign donors Robert Deitrick, an Ohio financial advisor often quoted in Forbes and elsewhere, insist that the Obama economy has been much more robust than Ronald Reagan's.  Are they right?  Let's look at some numbers.

Long-term unemployed still at record levels.  The national economy, now in its sixth year of recovery, is gaining momentum and the unemployment rate has fallen sharply over the last year to 6.1%.  But the number and share of people out of work for more than six months, the so-called long-term unemployed, remain at historically high levels.  Of the 3 million long-term jobless today, about one-third have been unemployed for more than two years, Labor Department data show.  A small minority — roughly 100,000 Americans like Perry — have been actively looking for at least five years.

More Americans than forecast file jobless claims.  The number of Americans filing for unemployment benefits unexpectedly rose last week to a two-month high, interrupting a steady decrease to the lowest level since before the last recession.  Jobless claims climbed by 11,000 to 315,000 in the week ended Sept. 6, which included the Labor Day holiday, a Labor Department report showed Thursday [9/11/2014].  It was the highest reading since June 28 and exceeded the Bloomberg survey median forecast of 300,000.  The data are difficult to adjust during holiday periods, a Labor Department spokesman said as the figures were released.

Lowering the Bar.  When they can't meet established performance standards, the left makes up excuses, lowers the standards, and, if necessary, revises history along the way.  In economics, there's hardly a better of example of this kind of deliberate responsibility avoidance than what has happened to the idea of "full employment."  Full employment is supposed to occur when "all ... who want to work and are allowed to work are able to find employment."

America's incredible shrinking labor force.  It came as quite a disappointment last Friday when the Labor Department announced that the U.S. economy created only 142,000 net jobs in August.  Even worse, this anemic number came with a downward revision of a combined net 28,000 jobs for the previous two months.  Now add to these a third unwelcome piece of news:  The U.S. labor force participation rate — that is, the share of working-age Americans who are either working or seeking work — has returned to a multi-decade low of 62.8 percent, down from 65.9 percent before the recession.

Jobs report: August numbers prove US economy is in crisis.  The U.S. economy created only 142,000 jobs in August, down from 212,000 in July, indicating the economy significantly slowed this summer.  Job creation is well below the pace needed to reemploy all the workers displaced during the financial crisis — the economy is in crisis! [...] Third quarter growth is likely in the range of 2 percent, and the Obama administration spin doctors will have a tough time selling these jobs data as anything but bad news.

These 5 Facts Debunk U.S. Jobs Recovery Myth.  Many economists and politicians treated the six-month string of 200,000-plus job gains as a major achievement.  But in fact it was merely a slight pickup in the pace of what has been an unusually slow recovery in the U.S. since the recession ended in June 2009.  The August jobs report is an example.  Unemployment edged down to 6.1% from 6.2% — "good" news until you realize it fell only because more Americans stopped looking for jobs.  A record 92.3 million adults are now "out of the workforce."  Economists note that previous August job reports have tended to be revised upward — and that this report will be, too.

Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low.  A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics.  The labor force participation rate has been as low as 62.8 percent in six of the last twelve months, but prior to last October had not fallen that low since 1978.

Oh, Well. Can't Win 'Em All.  The monthly guessing games are of interest, certainly.  But the larger and continuing employment story might be better understood by focusing these two depressing facts:  [#1] Fewer Americans are now employed than when George W. Bush was in office.  [#2] Labor force participation is at a 36-year low.

U.S. Payroll Rise Is Weakest This Year at 142,000 for August.  American employers hired fewer workers than forecast in August and the jobless rate dropped because people left the workforce, bolstering those on the Federal Reserve who want to be more deliberate in removing monetary stimulus.  The 142,000 advance in payrolls was the smallest this year and followed a revised 212,000 gain in July, figures from the Labor Department showed today [9/5/2014] in Washington.  The reading was lower than the most pessimistic estimate in a Bloomberg survey of economists.  The unemployment rate fell to 6.1 percent last month from 6.2 percent, reflecting a drop in joblessness among teenagers as well as the decline in labor participation.

Where are the jobs? Political corruption hurts millions of Americans.  Friday [9/5/2014] the Labor Department is expected to report the economy added 230,000 jobs in August.  The pace has picked up a bit but is still far less than needed to reemploy all the prime aged workers displaced in the wake of the financial crisis.  The jobless rate is down to 6.1 percent but that statistic is deceptive.  For example, one in six adult males between the ages of 25 and 54 is not working.  Many don't show up in the unemployment count, because they are not actively looking for a job.

Millennial unemployment 15 percent.  Younger Americans still can't find a job.  The latest employment numbers have been digested by the millennial lobby Generation Opportunity which pegged August unemployment for all aged 18-29 at 15 percent, including those who have given up looking for work.  Patrice Lee, director of Outreach at Generation Opportunity, said, "15 percent of young people are still out of work and it's no secret why — government is too big, spending levels are too high, and opportunities for us are limited.  As we continue to work hard to create opportunities, politicians in Washington continue to impose policies that harm us."

Researchers: Unemployment rate isn't accurate.  The U.S. jobs report, a key measure of how well the economy is doing, has gotten increasingly less accurate in the past 20 years. [...] This problem dates back to a 1994 redesign of the survey when it went from paper-based to computer-based, although neither the researchers nor anyone else has been able to offer a reason for why the redesign has affected the numbers.  What the researchers found was that, for whatever reason, unemployed workers, who are surveyed multiple times are most likely to respond to the survey when they are first given it and ignore the survey later on.

US Economy Growing Slower than White House Predicted.  The U.S. economy has grown just 1.5 percent in the 2014 fiscal year — far slower than White House projections — while more than $500 billion of deficit spending was added to the national debt, according to projections released Wednesday by the non-partisan Congressional Budget Office.  Just last month the Obama administration forecast 2.6 percent GDP growth in 2014.

Unemployment rises in most US states in July.  Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring.

America's dumbed-down schools produce graduates with no marketable skills.
America's worker shortage: One million and counting.  America has a deficit of workers.  Willing workers.  Capable workers.  Skilled, or at least semi-skilled workers, who can do a job and do it well.  There are at least one million jobs that go begging day after day if only employers could find workers to fill them. [...] Why is it so hard to fill these jobs?  One reason is the curse of the so-called "skills mismatch."  American workers with high school or even college degrees just aren't technically qualified to do the jobs that are open.  This is a stunning indictment of our school system at all levels considering that all in parents and taxpayers often invest as much as $200,000 or more in a child's education.  We're not turning our kids into competent workers.

Missouri Democrat: 'They Cannot Find Jobs'.  Nationally, the unemployment rate for black Americans is more than double that of white Americans, according to the latest data from the Bureau of Labor Statistics (BLS).  The numbers released on Aug. 1 show the seasonally adjusted unemployment rate for black Americans ages 16 and over was 11.4 percent (up from 10.7 percent in July), while the unemployment rate for whites 16 and over remained steady at 5.3 percent in August.  The picture is even grimmer for young blacks:  In August, the seasonally adjusted unemployment rate for blacks of both sexes, 16-19 years old, was 34.9 percent, almost double the 18.3 percent unemployment rate for whites of both sexes in that 16-19 age group.

Obama claims US is 'stronger' than 'when I first came into office' as economy weakens, debt soars.  President Barack Obama claimed Monday night [8/11/2014] during a Democratic Party fundraising dinner that the United States is 'stronger' than it was when he assumed office in January 2009.  His statement, though, appears to be at odds with key economic indicators, America's sliding reputation abroad, and the American public's estimation of the direction the country has taken under the Obama administration.

MSNBC Guest: 'Total Disconnect' Between Obama's Rhetoric and EconomyWall Street Journal White House correspondent Carol Lee told Morning Joe host Joe Scarborough Wednesday morning [8/6/2014] that there was a "total disconnect" between President Barack Obama's statements about the improving economy and the feeling amongst the American populace.  The comments were in response to an NBC News/WSJ poll showing the public felt dissatisfied with the economy by 2-1 margin, despite a strong second quarter GDP growth and months of steady employment gains.

Helping President Obama grasp his job numbers.  In his weekly remarks last Saturday [8/2/2014] and almost every other week, Obama has declared something like:  "Our economy created over 200,000 new jobs in July.  That's on top of about 300,000 new jobs in June." [...] Those new monthly job figures he cites are true, as far as they go.  But as usual with this Chicago pol's declaratory statements, there's much more hidden than revealed.  Obama does not mention that July's unemployment rate ticked up to 6.2%.  He does not mention that July's new employment figure was lower than expected.  And, of course, he will never recall that this is the fifth straight summer of the 2010 Recovery Summer that turned out to be as invisible as this administration's transparency.

11,472,000 Americans Have Left Workforce Since Obama Took Office.  11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS).  In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as "not in the labor force," meaning they not only did not have a job, but they didn't actively seek one in the last four weeks.  This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000.  The number of Americans not in the labor force dropped slightly in July, down 119,000 from the 92,120,000 Americans not in the labor force in June.

A confident and clueless president.  [Scroll down]  He [Obama] brags about the "52 consecutive months of job creation" ushered in by his election, takes credit for the energy boom and suggests to his interviewers that "I think you'd have to say that we've managed the economy pretty well."  Consider this self-assessment.  "Since I have come into office, there's almost no economic metric by which you couldn't say that the U.S. economy is better and that corporate bottom lines are better.  None."  This is a president who must look exclusively to Paul Krugman and the folks at MSNBC for economic facts and analysis.

Obama's Part-time Nation.  [Scroll down]  In fact, the number of full-time jobs in June dropped by 523,000, reported the Bureau of Labor Statistics, while part-time jobs increased by 799,000.  Placing the news about the 523,000 decline in full-time employment in June in a non-headline position, the "288,000 jobs created" headlines produced a false picture of a strong and continuing economic recovery.  In contrast, news reports headlining "523,000 full-time jobs lost in June" would have been more accurate and less rose-tinted.

Automation [is] the Joker in the Deck.  At the time of the first economic stimulus, Barack Obama referenced "shovel-ready jobs."  He has since made repeated comments about stimulating the economy through infrastructure projects.  What he, and those around him, do not realize is that technology has completely changed the picture.  The Depression-era images that his phrase calls to mind no longer exist.

11,472,000 Americans Have Left Workforce Since Obama Took Office.  11.4 million Americans age 16 and over have left the workforce since President Obama took office in January 2009, according to data released today from the Bureau of Labor Statistics (BLS).  In July 2014, there were 92,001,000 Americans, 16 and over, who were classified as "not in the labor force," meaning they not only did not have a job, but they didn't actively seek one in the last four weeks.  This number has increased by 11,472,000 since January 2009, when the number of Americans not in the labor force was 80,529,000.

EPA Regs Still Busy Killing Coal Jobs.  When The Idiot King said he would have a "laser-like" focus on jobs oh so long ago he really didn't specify whether he would be focused on creating or destroying them.  At least we've cleared that up.  These greendoggle regulations aren't just wreaking havoc on an industry, they're intentionally assaulting one of poorest regions of the United States.

Bouncing Back, Economy Grew 4% for Quarter.  The Commerce Department, in its initial estimate for April, May and June, reported on Wednesday [7/30/2014] that the economy grew at a seasonally adjusted annual rate of 4 percent, surpassing expectations.  During the first quarter, output shrank at a rate of 2.1 percent, less than had been reported.  The department had earlier said that first-quarter output fell 2.9 percent.

U.S. jobless claims turn higher one week after touching 14-year low.  One week after falling to a 14-year low, the number of people who applied for U.S. unemployment benefits rose sharply last week but remained near a postrecession bottom.  Initial jobless claims climbed by 23,000 to 302,000 in the seven days ended July 26, retracing the entire decline in prior week, according to Labor Department data.  The level of claims was in line with Wall Street expectations.

The Editor says...
Watch for a downward revision in two or three weeks.  And I do mean watch, because it will be hard to find in the newspapers.

Obama: 'It's Pretty Hard To Find An Economic Measure Where We're Not Significantly Better Off'.  President Obama put his rosy glasses on for an interview with CNBC on Thursday [7/24/2014], claiming "It's pretty hard to find an economic measure where we're not significantly better off." [...] The president pointed to the massive ballooning of the stock market and corporate profits under his administration, the decline of workers seeking unemployment benefits and a recovering auto industry.  He even took credit for the nation's natural gas boom and the moderate rollback of the federal deficit.

Bursting With Pride (and Ignorance).  Jobs and unemployment figures are certainly what we hear about in MSM.  They have been the standard benchmarks by which the economy and certainly the jobs market is judged.  They can, however, be very misleading — even apart from the fact that the government counts as employed anyone who did any work ("at least one hour") for pay or profit during the survey reference week.  Putting those benchmarks in context paints a very different picture.  Job growth needs to be placed in context with the growth of the labor force.  If job growth does not keep pace with labor force growth then that is hardly progress.  In fact, job growth has not kept pace with the growth of the labor force.  The labor force participation rate has declined to a 36 year low.

Obama Recovery Turns 5: Are You Better Off?  Real per capita GDP is up just 6% since the recovery started, and if the economy had merely kept pace with the average postwar recovery, total GDP would be $1.6 trillion bigger than it is today.  Job growth is about half the average pace of the previous 10 recoveries — which translates into 7 million fewer jobs than an average recovery would have produced.

Right-To-Work Study Destroys Obama's Claim That Forcing Americans To Join Unions Helps The Economy.  In December of 2012, speaking in front of a union audience, President Obama was cheered when he claimed that "right-to-work" laws — laws that allow employees to decide for themselves whether to join a union — were all about politics and had nothing to do with economics.  In other words, he was advocating for forced unionism.  Turns out he was incredibly wrong.

GOP: 10 million more Americans are not working than when Obama took office.  On the president's watch, the number of Americans age 16 and over who are not working has jumped to a record 92 million.  That's about 10 million more Americans not working than when President Obama took the oath of office.  Hard-working taxpayers know we can do better.

Jeff Sessions Challenges Dems: Prove There's a Shortage of American High-Tech Workers.  Speaking on the Senate floor [7/17/2014], Sessions mentioned that just a week before Microsoft's announcement, Microsoft's former CEO Bill Gates joined with two other "masters of the universe" to urge Congress to remove limits on the number of guest-worker visas that can be awarded.  "So today I'm going to issue a challenge to Majority Leader Reid and every single one of our 55 Senate Democrats who voted unanimously for this Gang-of-Eight bill," Sessions said, emphasizing that the bill would double the number of guest-worker visas that are awarded.  "With Microsoft laying off 18,000 workers, come down to the Senate floor and tell me that there's a shortage of qualified Americans to fill STEM jobs.

The Editor says...
There is no shortage of workers for so-called STEM jobs.  Job fairs are full of candidates with advanced degrees in math and physics, for whom there are no jobs outside of the federal government.  And if NASA were to shut down, there would be a glut of rocket scientists who would have to switch to a marketable profession.

Obama: treacherous or incompetent?  According to the Bureau of Labor Statistics (BLS), in 2007 on the eve of the recession, there were 146.6 million Americans working.  Today, after six years of the Obama Administration, there are 145.8 million Americans in jobs, 800,000 below the previous peak.  Since Obama came into office in 2009, 7.2 million people have left the workforce, making the true unemployment rate 8.3 percent, not 6.1 percent.  Median household income is down almost $2,300 from what it was when Obama took office.  Real wages are lower than they were in 1999.  Growth in the first quarter of this year was a negative 2.9%, the biggest downward revision from the agency's second GDP estimate since records began in 1976.

What's behind Chicago's carnage.  [Scroll down]  Too few also seemed to care that almost everything the president had promised about Obamacare — keep your health plan, retain your doctor, save money on your premiums, sign up easily online, while we were lowering the annual deficit and reducing medical expenditures — was an abject lie. In such a climate, Obama felt no need to issue accurate data about how many Americans had lost their health plans, how many had simply transferred to Obamacare from Medicaid, how many had actually paid their premiums, or how many were still uninsured.

What's behind Chicago's carnage.  The media ignored the serial $1 trillion deficits, the chronic high unemployment and low growth, the nonexistence of the long-promised "summer of recovery," and the nonappearance of "millions of shovel-ready and green jobs."  The fact that electrical-power rates, gasoline prices, and food costs have soared under Obama as wages have stagnated has never really been noticed.  Nor have the record numbers of Americans on food stamps and disability insurance.

Your Monday Morning Doom & Gloom.  The United States lost over half a million full-time jobs just last month.  523,000 full-time positions eliminated.  We haven't seen that kind of shrinkage since the dark days of 2008-09. [...] We should cheer that the total number of Americans with jobs is going steadily up, but those cheers should be muted by the tough reality that when it comes to creating jobs, the Obama economy isn't quite treading water.

This month's jobs headlines don't tell the true story.  I'll admit I am weary of having to blow the whistle and expose the truth every time this White House pats itself on the back about this or that piece of economic data.  Anyway, here we go again.  Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added.  Another way of looking at these numbers is that almost all of the 288,000 jobs created last month were just part-time positions.  And remember, not even that would happen if President Obama got his way and raised the minimum wage during this anemic recovery.  We need more robust job growth in this country, but, specifically, we need good, well-paying, full-time jobs.  Right now, only 47.7 percent of adults in America are working full-time.  Losing more than half a million full-time jobs in one month is not indicative of a strong, growing economy.  It's a red light flashing on the nation's dashboard.

Millennials Unemployment Report: 15.2% of Workers 18-29 Out of Work.  In an unemployment report issued by Generation Opportunity, a Millinneal think tank, data from the Bureau of Labor Statistics (BLS) show that 15.2 percent of adults age 18-29 were unemployed in June.  This percentage includes those people who are no longer looking for work.  "15.2 percent of young people are out of work," Patrice Lee, director of outreach at Generation Opportunity, said in a statement on Thursday [7/3/2014].  "On top of not having jobs and struggling with student loan debt, young people are paying for crony government policies like the Export-Import Bank."  "My generation needs more jobs," Lee said, "not more spending that only ends up lining the pockets of wealthy corporations."  The report, using non-seasonally adjusted (NSA) data, shows the actual unemployment rate for all adults age 18 to 29 is 10.5 percent.

National Heartburn, Even With an Improving Economy.  Unfortunately, the labor force participation rate — the share of the population either working or looking for work — remains at the lowest level in around thirty years.  Also on the dreary side of the ledger:  the number of workers involuntarily working part-time rose by 275,000, new jobs are mostly in the low-paying retail, hospitality, and health-care sectors, which is why average hourly earnings are up only 2 percentin the past year, and [...]

War on Women: Record Number Not in Labor Force in June.  According to data from the Bureau of Labor Statistics (BLS), the number of women 16 and older not in the labor force rose to a record high of 55,299,000 in June, says CNSNews.  "This means that there were 55,299,000 women 16 and older who not only did not have a job, they did not actively seek one in the last four weeks.  That is up 282,000 from the 55,017,000 women who were not in the labor force in May," CNS News explains.  The labor force participation rate for women in June was 56.8 percent, the lowest of this year, according to BLS.  October of 2013 saw the same participation rate for women, but not since October of 1988 was the rate this low.

Dow hits historic 17,000 high as U.S. jobs numbers skyrocket.  The United States added a stunning 288,000 jobs last month, sending the unemployment rate down to 6.1 percent and the Dow Jones Industrial Average shooting over 17,000 for the first time. [...] The unemployment rate dropped .2 percent to 6.1, the lowest since September 2008.

The Editor says...
A drop of 0.2 percent in the unemployment rate (which does not include people who have given up on finding a job) is hardly what I would call "skyrocketing," especially since this rosy picture will be revised downward in two or three weeks with a lot less fanfare.

No President's Ever Dodged Duty As Barack Obama Has.  At first, the White House blamed the underperforming economy on the Polar Vortex, the severe cold weather in the East and Midwest in January and February.  Then, when the gross national product numbers were revised downward, no one believed a cold winter could cause a 3% economic contraction.  A survey of other really cold winters in the past reveals the economy still managed to grow.

This is an actual quote from the president — really.  "By every economic measure, we are better off now than we were when I took office.  You wouldn't know it, but we are," the president said Friday [6/27/2014].  That's right, the president — the president of the United States, mind you — says Americans are better off, they just don't know it.  That is the height to which the president has raised his level of mendacity.  He has the sheer audacity to tell Americans that he has successfully turned the economy around, that things are all good, but that there are no real quantifiable indicators by which they could ever know that.  In fact, Mr. Obama says Americans have never had it so good.

Behind the Levitation.  Last week when I commented on the downward revision of the already weak First Quarter GDP numbers, several commenters wrote in to ask:  what is keeping the stock market so high?  Great question, with the best answer being ZIRP, the Federal Reserve's "zero interest rate policy," now matched by many other central banks (with some actually now employing negative interest rates). [...] It has always been true, however, that times of loose money tend to send stock prices higher than intrinsic valuation might warrant, as the money has nowhere else to go to get plausible returns.

They Took Our Jobs! Study Finds ALL New Jobs Went to Immigrants.  A shocking new report from the Center for Immigration Studies claims to prove that every single new job created in America for the last fourteen years has gone to immigrants, legal and illegal.  This would fly in the face of those who claim that immigration is an economic boon to native born Americans.

Thanks, Obama! 1st Quarter GDP Was Actually a Disastrous -2.9%.  So basically it was three times as bad as first reported, but let's all pretend things will improve in the second quarter.  This is all so unexpected.

The new GDP numbers are terrible.  The economy contracted dramatically in the first quarter of 2014, according to re-revised data from the Bureau of Economic Analysis.  The federal department's initial assessment of Q1 2014 was that the nation's economic activity had expanded slightly.  After getting more data, it revised that estimate to a 1 percent contraction.  The third estimate, however, is much more severe:  the economy contracted 2.9 percent.

Big Losers in GDP Report: Democrats.  You can sum up today's report on first-quarter gross domestic product in one short word:  oof.  The last estimate had GDP shrinking slightly from the prior quarter.  The current estimate has it shrinking a lot:  2.9 percent on an annualized basis.  If this keeps up for another quarter, the economy will officially be in recession.  How did this happen?

Mr. Obama, where are our 5 million missing jobs?  One of the misleading headlines from last month's employment report was that all the jobs lost during the recession have finally been won back.  Well, not really.  According to the Bureau of Labor Statistics (BLS), in 2007 on the eve of the recession, there were 146.6 million Americans working.  Today, there are 145.8 million Americans in jobs.  So nearly 7 years later, we are still 800,000 jobs below the previous peak.  That's some jobs recovery.

GDP: Another 'No Biggie'?  When the Commerce Department said two months ago the economy had eked out a 0.1% gain in the first quarter, the White House and various economists said growth would have been higher if not for the bitter winter.  When Commerce revised that number down to -1% in May, the same crowd again blamed Jack Frost.  Now that it turns out the economy contracted 2.9% in the first three months of the year — the largest drop since 2009 and the sharpest downward revision in the government's history of making such estimates — everyone says "no biggie."  These are, you see, backward-looking numbers; all signs point to growth ahead.

The Editor says...
You car's speedometer indicates a number as you drive down the road.  Is that a "backward-looking number?"  The Census Bureau announces the U.S. population every ten years.  Is that a "backward-looking number?"  Sometimes the only numbers available are backward-looking, because there are some numbers that cannot be predicted.

The 1st Quarter Decline in GDP: Cold Weather, or Bad Policy?  This morning, as Steve noted, the Commerce Department revised its estimate of 1st quarter GDP to show a shocking 2.9% annualized decline.  The White House tried to spin the awful numbers, arguing that the drop was largely accounted for by cold weather.  (Does this mean that we should look forward to global warming as an economic boon?)

The Economy Tanked Last Quarter And It's Everybody's Fault But Obama's.  The U.S. economy shrank at an annual rate of 2.9 percent during the first three months of 2014, government bean counters announced this morning.  That matches the worst non-recession contraction of the U.S. economy in over 40 years.  Each quarter, the government releases three sets of numbers gauging the size of the U.S. economy:  preliminary, revised, and final.  Today's numbers were the final version.  This is important, because the numbers drastically changed throughout the process, as did the liberal spin about the economy.

US economy shrank at steep 2.9 percent rate in Q1.  The first-quarter contraction reported Wednesday [6/25/2014] by the Commerce Department was even more severe than the 1 percent annual decline it had estimated a month ago.

The Federal Octopus.  [Scroll down]  The Bureau of Economic Analysis altered its methodology so that private enterprise's research-and-development expenses are counted as proof of investment growth.  The result was a hoped-for higher rate of GDP growth to report to the public.  In the same vein, before the 2012 election, the Census Bureau massaged survey results so that the Labor Department could underreport unemployment statistics.  The department also changed its way of reporting unemployment — in a way that we could not have imagined before Obama.  Those out of work for more 52 weeks were no longer "unemployed" but reclassified as permanently out of the workforce altogether.

Pro-Amnesty Elites Treat People as 'Commodities'.  Rupert Murdoch also recently argued for a dramatic expansion of the controversial H1B guest worker program.  Murdoch writes that "there is a shortage of qualified American candidates," to fill jobs in STEM fields like computer services and engineering.  But the evidence shows the opposite:  the US graduates approximately twice as many STEM-trained students each year as there are STEM jobs to fill.

As Millennials Struggle Through Obama Economy, President Offers Pledges, Not Jobs.  While the Obama economy has affected all Americans, stubbornly high unemployment has had a particularly harsh effect on younger workers attempting to join the workforce.  That reality was driven home by the recent jobs report issued by the Bureau of Labor Statistics (BLS).  While the unemployment rate for 20 to 24-year-olds jumped from 10.6 percent to 11.1 percent in May, the true state of employment for young workers, and recent college graduates in particular, is likely much more tenuous.

19 Reasons Why You Can Laugh When Anyone Tells You That The Economy Is In Good Shape.  Nobody that takes an honest look at the numbers can honestly say that the U.S. economy has recovered.

Unemployment: the Numbers behind the Numbers.  Jobs growth has not even kept pace with growth in the working-age population, much less restored jobs lost in the recession.  The working-age population increased by 206,000 in September while new jobs grew by 114, 000, and that's down from 141,000 in August.  This isn't just a one month phenomenon.  Job growth has failed to keep up with population growth throughout Obama's term in office.

Is the unemployment rate really 6.3 percent? Or is it 12.2 percent?  The Labor Department actually releases six different numbers every month.  These are called "U-1" through "U-6" and range from a narrow definition of the unemployed population and to a much broader one.  The department's monthly report always uses the U-3 figure as the "official" number though.  Virtually all media outlets take their cue from the department on this.  That's why this month's U-3 result — 6.3 percent — dominated the news reports.  Why that figure and not one of the other five?

Harry Reid: $1.7 Million Sale of My Home Will Create 60 Jobs!  Harry Reid isn't just moving to Las Vegas from his hometown of Searchlight, Nev., to be closer to his grandchildren — he's also looking to give the economy a boost.  Reid and his wife Landra sold their home in Searchlight for $1.7 million to Nevada Milling and Mining, a mining company, over the weekend. [...] He also cited his upcoming reelection campaign in 2016 and the constant travel required to Sin City as another reason for the relocation.

An Increased Minimum Wage Equals Greater Unemployment.  It's June, a month famed for marriages, but it is likely to be remembered for the high rate of teen unemployment which has been soaring for a long time.  By February, the national unemployment rate for youth, age 16 to 19, had reached 20.7%.  By November 2013 it was three times higher than the national average of 6.6% according to the Bureau of Labor Statistics.

Where have all the missing American workers gone?  While the overall jobless level has dropped to non-recession levels, the number of the working-age people with jobs is barely over 6 in 10, hovering at a level reminiscent of the late 1970s.

US Job Market Recovers Losses Yet Appears Weaker.  Friday's report from the government revealed an economy healing yet marked by deep and lasting scars.

The Most Startling Chart of the Obama Era.  Adjusted for seasonality, the labor force participation rate (LFR) has never increased — not once — under Obama!  Normalized by month, the LFR has been on a non-stop ride to progressive Utopia (i.e., full unemployment).  This is a stunning repudiation of the Obama economic agenda.

Steady decline of the workforce
Every Month Under President Obama, One Thing Has Always Gone Down.  This is the labor force participation rate.  If that sounds like a technical term that only economists would care about, that's a mistake.  It's the percentage of the labor force that is actually working.  As Doug Ross points out on his blog, adjust for seasonality and look down the columns for each month, while paying special attention to 2009.  Look closely.

Percentage Not in Labor Force Remains at 36-Year High.  The percentage of American civilians 16 or older who do not have a job and are not actively seeking one remained at a 36-year high in May, according to the Bureau of Labor Statistics.  In December, April, and now May, the labor force participation rate has been 62.8 percent.  That means that 37.2 percent were not participating in the labor force during those months.  Before December, the last time the labor force participation rate sunk as low as 62.8 percent was February 1978, when it was also 62.8 percent.  At that time, Jimmy Carter was president.

The Job Killer You Probably Haven't Heard About.  The more we dig into the Export-Import Bank, the more unbelievable it seems that this agency still exists.  American taxpayers' money is at risk — backing loans to foreign governments and businesses to buy products from politically favored U.S. companies.  This is killing jobs in several American industries.  We recently exposed the Export-Import Bank's false claim that it is a friend to small businesses.  Now check out our new infographic about the bank's impact on U.S. jobs.

Obama's Little Orphan Economy Growth Is Always a Day Away.  The economy "unexpectedly" contracted at an annual rate of 1% in the first three months of the year.  But fear not!  The prosperity that President Obama has promised for five years will be here tomorrow!  Obama's top economic adviser, Jason Furman, dismissed the news that the 1% drop was twice as big as economists had predicted just a few weeks ago.  This was, he said, almost entirely due to a downward revision in the "highly volatile inventories category" and some bad winter weather in some parts of the country.  "More up-to-date data," Furman says, show that the economy "continues to recover."  The media largely parroted his talking point, quoting various economists reassuring us that there'll be strong growth come spring.  CNN, for instance, headlined its story "U.S. economy shrinks, but it's not a big deal."

Honey, we shrunk the economy.  When Brooklyn had its beloved Dodgers, residents coped with disappointment with this oft-repeated declaration:  "Wait 'til next year!"  Today's economists have their own version. Amid a five-year economic recovery that's never quite taken off, they say, "Wait 'til next quarter."  Now we're going through another round as the Commerce Department announced Thursday [5/29/2014] the economy contracted by a rate of 1 percent in this year's first quarter.  That's worse than what experts had expected, the result of a big downward adjustment to investment in inventory.

'Recovering' U.S. Economy Unexpectedly Shrinks by 1 Percent.  We know that... err... certain things shrink on contact with the cold, and the winter is among the factors being blamed for an unexpected 1 percent contraction in U.S. Gross Domestic Product (GDP).  After healthy growth in the fourth quarter of 2013, a slight slowdown was expected at the beginning of 2014, but the downturn caught economists by surprise.  The last economic contraction was during the first quarter of 2011.

Obama Economy Shrivels In First Quarter Of 2014.  The economy shrank by one percent during the first three months of 2014, according to new report by the Bureau of Economic Affairs.  That's almost a four-point drop from the last quarter, when the economy grew by 2.6 percent.  The drop highlights President Barack Obama's economic record, which has produced a very slow recovery from the 2008 crash.  The economy grew 2.8 percent in 2012, and 1.9 percent in 2013, which was much slower than during previous post-crash periods.

US economy shrank at 1 percent rate in Q1.  This year's weakening reflected slower stockpiling by businesses, a cutback in business investment and a wider trade deficit.

U.S. Economy Contracts for First Time Since '11.  The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded.  The Commerce Department on Thursday revised down its growth estimate to show gross domestic product shrinking at a 1.0 annual rate.  It was the worst performance since the first quarter of 2011 and reflected a far slower pace of inventory accumulation and a bigger than previously estimated trade deficit.  The government had previously estimated GDP growth expanding at a 0.1 percent rate.

CNN produces the most biased headline of the month:
U.S. economy shrinks, but it's not a big deal.  Revised numbers released Thursday show the economy shrank in the first quarter, marking the first downturn since early 2011.  Gross domestic product, the broadest measure of economic growth, fell at a 1% annual pace, according to the Bureau of Economic Analysis.

The 6 Lamest Excuses For Failure From The Obama Administration.  [#5]  Obama blamed ATM machines and airport kiosks for his inability to create jobs:  Barack Obama's far left-wing economic policies have created a semi-permanent, Jimmy-Carter-style malaise that appears to be on track to last throughout his entire presidency.  Of course, Obama isn't going to admit that his policies are putting millions of Americans out of work; so he blamed ATM machines and other technical advances, as if that hasn't been going on since the Industrial Revolution in the 18th century.

Americans Skeptical About Government Statistics.  A recent Yougov/Economist poll evaluated Americans' level of skepticism concerning government statistics.  It found that 59% of respondents believed there were actually more unemployed people than what the BLS reported.  Only 16% thought the numbers were accurate, and 6% thought there were fewer unemployed than reported.  With 806,000 workers dropping out of the labor force in April, it is no wonder that there is skepticism about unemployment statistics.

Labor Force Participation Rate Drops to 62.8%.  On Friday [5/2/2014], the Bureau of Labor Statistics (BLS) announced that the unemployment rate had dropped to 6.3 percent in April, down from 6.7 percent in March.  The announcement marks the lowest the rate has been since September 2008 when it was 6.1 percent.  However, the number of people who have dropped out of the labor force is in the millions.

Trick or truth! Can you even tell the difference?  Here are some commonly asserted falsehoods that you are expected to believe just because they are repeated often enough. [...] Falsehood Nos. 3 & 4)  Inflation and unemployment are both going down under President Obama!  No wonder!  Under the current administration the numbers have been monkey-wrenched for both of these key economic metrics.  Unemployment statistics no longer count "discouraged workers," those people who have been unemployed for more than 12 months but have given up looking for work.  Say what?  Is there some universe in which those discouraged workers are not unemployed?  And when you hear any glowing reports about inflation you should be equally skeptical since the administration years ago removed food and gas prices out of the inflation index even though they are a huge component of middle- and lower-class consumer spending.

Applications for US unemployment benefits fall to 297,000, lowest level in 7 years.  The Labor Department says weekly unemployment benefit applications dropped 24,000 to 297,000, the fewest since May 12, 2007.

Economy Not Keeping Up With Population Growth.  Despite adding more than 8 million people to the working-age population since 2007, total employment has declined by half a million, according to an analysis by the Senate Budget Committee.  Before President Barack Obama took office 259.7 million people were part of the working-age population, or between ages 16 and 65.  Now, the number has risen to 267.7 million.

Sequester Resulted in One Layoff.  Sen. Tom Coburn (R., Okla.) is launching an investigation after revelations that sequestration resulted in only one government layoff in 2013.  According to a report released by the Government Accountability Office (GAO), the only layoff that occurred to help achieve the $85.3 billion in spending cuts took place in the Department of Justice (DOJ).

Despite doomsday predictions, report finds only 1 layoff from sequester cuts.  Despite doomsday warnings from the White House and lawmakers on both sides that hundreds of thousands would lose their jobs as a result of the sequester, it turns out the budget cuts have only led to one job being lost among 23 federal agencies.  Now Sen. Tom Coburn, R-Okla., is demanding answers as to why the Obama administration repeatedly warned taxpayers that the $85.3 billion in spending cuts, which went into effect in March 2013, would threaten hundreds of thousands of jobs.  The findings were revealed in a government watchdog report.

Sequester Death Toll: One Job.  Sequestration, after all, was supposed to hack apart the social order as we knew it.  Chris Matthews called it a "doomsday machine."  President Obama warned that "people are going to be hurt."  The Congressional Budget Office predicted 750,000 jobs could be lost.  Sequestration, as the trendy metaphor went, was a meat cleaver when what we really needed was a scalpel.  It now seems the cleaver had a rather dull edge. A recent Government Accountability Office found that the sequester resulted in exactly one government layoff.  One.

GAO Report: Only one government employee lost their [sic] job due to sequester.  Remember the sequester?  When government was forced to cut $80 billion in spending, the cries of pain and outrage from government managers and the White House was overwhelming.  All those poor, federal employees!  Administration economists — and their lackeys in the press — even tried to claim that economic growth was severerly affected by the cuts.  Now comes a GAO report to dash some cold water on those overheated claims.

Sequestration myths damage public faith in government [and the news media].  Remember those sequestration federal spending cuts of 2012?  How could anybody forget them, considering the apocalyptic disasters they were sure to cause, according to the endless predictions of President Obama, his Democratic allies in Congress and the dominant narrative of the mainstream media. [...] Without these government workers, desperately needed programs and essential services would end.  Kids would be tossed out of Head Start, single mothers deprived of food stamps, and Social Security checks delayed.

What is the Real Unemployment Rate?  When people who are effectively unemployed abandon their search for work, they are removed by Labor Dept. beancounters from the ranks of the labor force, which means they are no longer counted as being unemployed.  The result of that move is to artificially depress the headline unemployment rate, hence the large gap between the headline unemployment rate and the dropout-adjusted unemployment rate.

This Is Exactly Why Democrats Have Lost Trust on the Economy.  While the administration touted last week's announcement that the unemployment rate fell from 6.7% in March to 6.3% in April, the primary factor in the decline was this:  more than 800,000 people either stopped looking for a job or left the job market altogether.  Anyway, do the math:  The administration claims 288,000 jobs were created in April, but the 800,000 pushes the total number of Americans not in the labor force to a record high 92,594,000.

5 Cautionary Signs Tucked Into April's Jobs Report.  The survey of businesses showed 288,000 more jobs.  Yet the household survey, in calculating unemployment, found that 73,000 fewer people had jobs.

Labor Secretary Dismisses Historical Drop in Labor Participation Rate.  According to the Department of Labor the economy created 288,000 jobs in the month of April, but the labor participation rate dropped 0.4 percentage points back to a historical low of 62.8 percent.  Host David Faber put it to [Secretary of Labor Tom] Perez directly, noting the labor participation rate drop is not due to people retiring given the participation rate for individuals 55 and older actually increased.

U.S. economy slows to stall-speed.  Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday [4/30/2014].  That's brutally slow, even by sluggish post-recession standards.  Since the Great Recession ended in June 2009, the economy has been growing at a rate of about 2% to 3% per year.  Economists think the slowdown is merely a temporary phenomenon due to harsh winter weather.  If that theory holds true, the economy should bounce back in the spring.

The Jobs Report Isn't as Good as It Looks.  At first glance, the new reading on the nation's employment situation is shout-from-the-roof-tops, pop-the-Champagne fantastic.  The unemployment rate fell to 6.3 percent from 6.7 percent, and employers added a whopping 288,000 jobs, the most in two years.  Those types of numbers, if sustained, would signal something better than just the humdrum, sluggish recovery of the last few years, and something far more robust.  But where the last couple of months have had disappointing top-line numbers with some excellent trends bubbling beneath the surface, this one pairs the excellent surface news with a soft underbelly.

The Editor says...
Lete's wait a couple of weeks for the inevitable Friday night "revisions" and we'll see how good the numbers really are.

Economic Report: Growth Flatlines and the White House Blames the Weather.  The economy grew one-tenth of one percent, on an annualized basis, according to today's report from the Department of Commerce.  The forecast was for growth of 1.2%.  That's a 96% drop from last quarter's 2.6% growth.  Why did the economy's growth drop to almost zero over the quarter?  According to the White House's statement, it's primarily due to the weather.

Why Democrats Should Avoid the 'R' Word.  From time to time, we all read something where suddenly words jump out from the page, grabbing our attention.  This happened to me the other day while reading a memo from Democratic pollster Stan Greenberg and strategist James Carville, along with two of their colleagues who work for the Democracy Corps, Erica Seifert and Fredrica Mayer. [...] The key phrase in the Greenberg/Carville memo was, "As a start, Democrats should bury any mention of 'the recovery.'"

U.S. job growth is coming in all the wrong places.  Yes, employment is coming back, but so much of it is not good employment.  According to a new analysis of Bureau of Labor Statistics data, the industries responsible for the most job creation over the last four years are also the industries that pay the least.  We're talking about jobs pushing retail (that's a $10.37 median hourly wage), answering phones ($13.33) and serving dinner ($9.48).  Together, these three industries — retail, administrative/support and food and drink services — account for 39 percent of the gains in private-sector employment since the recovery ostensibly began four years ago, according to the analysis by the National Employment Law Project.

Advice to Democrats: Don't say 'recovery'.  Election-year memo to Democratic candidates:  Don't talk about the economic recovery.

5 Million Missing From the Labor Force.  [A recent] CNBC article purports to show how complicated it can be to try to figure out what job numbers mean.  Much of it depends on how many left the labor force "voluntarily" and how many would like to look for a job if they thought there was any chance of success in doing so.  The article shows that the official unemployment rate is a rather meaningless figure.  It leaves out many unemployed people because they are not officially looking for work.

US employers add 192,000 jobs; rate stays at 6.7 percent.  The economy gained 192,000 jobs in March, the Labor Department said Friday [4/4/2014], slightly below February's revised total of 197,000.

192,000 Jobs Added in March but Wages Fall.  The economy created 192,000 jobs in March, down from 197,000 in February and still well below the pace needed to lower underemployment to respectable levels.  Those mediocre results are consistent with a broadly underperforming economy.  Manufacturing employment lost 1,000 jobs and government stalled.

Millions of Americans forced to work part time.  After five years of being in and out of work, Tara Dublin found a job a few weeks ago as a hostess at a restaurant in Portland, Ore.  "I've been hired by this restaurant I absolutely love, but it's a part-time position," Dublin says. [...] In the Labor Department statistics, Dublin falls into the category of people "forced" to work part time.  There are some 7.4 million of them in America.

The Unemployment Puzzle: Where Have All the Workers Gone?  A big puzzle looms over the U.S. economy:  Friday's jobs report tells us that the unemployment rate has fallen to 6.7% from a peak of 10% at the height of the Great Recession.  But at the same time, only 63.2% of Americans 16 or older are participating in the labor force, which, while up a bit in March, is down substantially since 2000.  As recently as the late 1990s, the U.S. was a nation in which employment, job creation and labor force participation went hand in hand.  That is no longer the case.

Biden economics: Minimum wage hike worth billions, 'really good for the economy'.  President Obama is waging an election-year push with congressional Democrats to boost the federal minimum wage from $7.25 to $10.10 per hour.  Many Republican lawmakers oppose the action, pointing to a study that the move would eliminate about 500,000 jobs nationwide.  Mr. Biden, who filled in this week while the president was traveling overseas, said there's proof that raising the minimum wage is good for the economy.

Fuzzy numbers obscure a stagnant Obama economy.  The news media were ecstatic when the government said in January that the economy grew by 3.2 percent in the final three months of 2013. [...] But 1.9 percent growth for all of last year is dreadful by any comparison, and economists aren't expecting anything much better than somewhere around 2 percent in the first quarter and maybe beyond.  By any relevant comparison, this is another sign that the U.S. economy continues to stumble along at a weak, subpar pace in the sixth year of Barack Obama's economically unfulfilled presidency.

Reaganomics Vs. Obamanomics: Two Wholly Different Outcomes.  Despite adding almost a trillion dollars to our national debt and failing to keep the unemployment rate at or below 8% as advertised, liberals consider President Obama's signature stimulus package — the American Recovery and Reinvestment Act — a success, in part because of the number of jobs it "saved."

America Needs A Better Measure Of Unemployment.  The threshold for "employment" in any particular month is quite low:  An individual needs to complete just one hour of any type of work for pay or profit.  Even without earning a dime, people who are temporarily absent from work or spend at least 15 hours working for no pay in a family business will still count as employed.  This very crude measure is no longer consistent with the actual experience of those who lose a job.

Just 11 percent of US long-term unemployed find jobs.  A new study documents the bleak plight of Americans who have been unemployed for more than six months:  Just 11 percent of them, on average, will ever regain steady full-time work.

When a Child is King, No Peace and No Prosperity.  Weekly unemployment claims came in about as expected, which is good news considering our expectations for this economy are so low.  "In the week ending March 15," says the Department of Labor, "the advance figure for seasonally adjusted initial claims was 320,000, an increase of 5,000 from the previous week's unrevised figure of 315,000.  The 4-week moving average was 327,000, a decrease of 3,500 from the previous week's unrevised average of 330,500."

Judging Obama's Economy By His Own Promises.  President Obama gave a speech recently in which he, as he almost always does, patted himself on the back for what he described as a solid record on the economy.  "We've now seen over four years of economic growth," he said.  "We've seen 8.5 million new jobs created.  We've seen the housing market bounce back.  We've seen an auto industry that has come roaring back.  We've seen manufacturing return for the first time since the 1990s."  Obamaphiles in the press typically repeat these claims, arguing that, given the mess he inherited, no one could have done any better.  But is that true?

Pelosi Laughably Claims Democrats Are The Jobs Party.  Former House Speaker Pelosi supposedly had been celebrating the fourth anniversary of the enactment of ObamaCare last week. [...] "We just couldn't be prouder," she said of the health reform that has been separating Americans from their preferred doctors, their health plans and lots more of their money in taxes and higher premiums.  But when a reporter asked if ObamaCare is "a political liability for your party" in an election year, Pelosi gave a jaw-dropping reply:  "We're not running on this," she claimed.  "We're running on what the American people want us to run on, and that is job creation."  Then, as if her party had nothing to do with the economic policies of the last five years that have given the country the worst economic "recovery" of the modern era, Pelosi added:  "Show us the jobs.  Where are the jobs?"  She then asked, as if incredulous, "Why are we not here passing a jobs agenda?"  Excuse us, Congresswoman, but we did pass a "jobs agenda."  Your jobs agenda.

The Hidden Rot in the Jobs Numbers.  Job creation rose from an initial 113,000 in January (later revised to 129,000) to 175,000 in February.  The January number frightened many, while the February number was cheered — even though it was below the prior 12-month average of 189,000.  The labor market's strength and economic activity are better measured by the number of total hours worked than by the number of people employed.  An employer who replaces 100 40-hour-per-week workers with 120 20-hour-per-week workers is contracting, not expanding operations.  The same is true at the national level.

Study Blows 'Labor Shortage' Claim Out Of The Water.  Large numbers of Americans, especially those with less education, continue to have difficulty finding work, undermining arguments that there is a "labor shortage" and need for increased immigration, a new study from the Center for Immigration Studies finds.  The report, provided exclusively to Breitbart News, shows that the employment situation of American workers has gradually declined over the past 14 years since 2000.

Obama's Math Game — Fudging The Numbers On Deportations.  We all know how the Obama administration is fond of playing with numbers.  We have watched them announce, revise, and otherwise play with the numbers from the Labor Department for over five years.  They are actually quite good at it because they have had plenty of practice.  I've heard it said by mathematicians before, the numbers don't lie.  That is usually the case, unless you happen to work for President Obama.  In that case, you can just make the numbers say whatever you want them to say.

Obama Golfs While Americans Seek Jobs.  The U.S. has 866,000 fewer people employed today than when the recession began in the wake of the 2008 recession.  Since Obama became President in 2009, there has been a 3.5 million increase in jobs, but 12 million new working age people.  This is supposed to be a "recovery" according to the White House but the job numbers are not keeping pace with the job-seekers.  It's not widely reported, but the labor force participation rate of 63% remains stuck at or near its lowest point since the late 1970s.

Obamanomics Is Ticking Time Bomb For Millennial Generation.  The unemployment rate for all Americans ticked up to 6.7% in February.  But when it comes to millennials, the jobless numbers are far different.  Youth unemployment now stands at a staggering 15.8%, and this doesn't even give the whole picture.  According to the Department of Labor, some 1.7 million young adults have given up and are not actively seeking employment.

The Job Market's February Crumble.  For those unfamiliar with the process, "seasonal adjustment" is "a statistical method for removing the seasonal component of a time series that is used when analyzing non-seasonal trends."  In layman's terms, it's an attempt to smooth out results which fluctuate throughout the year to present them in proper context.  For reasons which I have never understood, economists, analysts, and especially reporters seldom go beyond the seasonal adjustment calculations to look at the raw, not seasonally adjusted data, aka the report presenter's best estimate of what actually happened.  This has always been a negligent practice; but it's especially dangerous now.

Census may have used fishy numbers until Nov. '13.  [Scroll down]  [Julius] Buckmon was never fired, but he was eased out of the Census Bureau in 2010.  Nobody else in the Philadelphia office of Census was either fired or prosecuted, even though Buckmon alleged in a discrimination case he brought against the bureau in 2010 that he was ordered to falsify surveys by higher-ups.  Because the CPS is a scientific survey, each response counts for about 5,000 households.  Buckmon, I'm told, created more than 100 false surveys a month, which would have produced inaccurate data on the equivalent of 500,000 American households.  The big question today is whether Buckmon — on orders or not — was the only one cheating.  If there were others, in Philly or in any of the other five Census regions, then the jobless rate data in its entirety could be tainted and useless.

Weak: ADP Jobs Report Misses Expectations.  National payroll firm ADP reported Wednesday that just 139,000 private sector jobs were added in February.  The number was below economists' forecast of 155,000.  ADP also revised downward its estimate of new private sector jobs in January, falling to 127,000 from an initially reported 175,000.

Employers add 175,000 jobs in February, unemployment rate rises to 6.7 percent.  The Labor Department said Friday [3/7/2014] that employers added 175,000 jobs last month, up from just 129,000 in January, which was revised up from 113,000.

With Numbers Like These, No Wonder Harry Reid's Lying.  So even though our economy is down, it's still up.  Or we're up, but still down.  Whatever... it's all good, because your neighbor pays.  And it's another example of the stupid math liberals use to mask reality.  The unexciting nature of the newest unemployment claims is papering over all of the downward revisions that we are seeing in other areas of the economy.

Obama Administration's 2014 Message: Everything Is Awesome!  According to the most recent figures from the Bureau of Labor Statistics, there are 10.2 million Americans who are officially categorized as unemployed, with 3.6 million considered long-term unemployed.  There are 7.3 million Americans working part-time involuntarily, sometimes considered underemployed.  There are 837,000 "discouraged workers" — persons not currently looking for work because they believe no jobs are available for them.

U.S. economic growth revised sharply downward.  The recovery appeared to be reaching escape velocity at the end of December, but it turns out the economy wasn't expanding quite as fast as initially thought — and that doesn't bode well for hopes of a breakout this year.  The Commerce Department sharply reduced its estimate of fourth-quarter growth to a moderate 2.4% annual rate.  Friday's revision downsized big gains in consumer spending and exports from its initial estimate of 3.2% in January.

Obama: the Pen, Phone, and Failure.  Barack Obama is a failure as president, and with a little less than 3 years before he leaves office, people are starting to notice.  On the economy, he has presided over the worst economic recovery from recession since WW II, and the lowest labor force participation rate in decades.  He spent a trillion dollars of 'stimulus,' rewarding political backers and cronies, while exploding the budget line.  This he touts as a great success, saving the nation from depression and saving or creating 6 million jobs.  The 'saved or created' thing is perfect when trying to cast failure as success.  Who can check his numbers?

Sebelius Denies Well-Documented ObamaCare Joblessness.  Secretary of HHS Kathleen Sebelius claims "there is absolutely no evidence" that health reform is killing jobs.  Liars are legion in politics, but they usually stop short of claiming the sun didn't rise this morning.

Obama's speeches are factually empty.  On January 10, 2014 the Bureau of Labor Statistics reported that the unemployment rate in December 2012 was 6.7 percent, down from 7.0 percent in the previous month.  It was reported that a paltry 74,000 new nonfarm payroll jobs were added to the workforce.  "Uh, wait a minute," a perceptive and educated individual might say.  "How does an addition of only 74,000 individuals to the national workforce produce such a large decrease in the unemployment rate?"  Well, what they were not reporting was the number of individuals who simply gave up the fight and stopped looking for work.

Censusgate: When and what did Labor know?  A tipster tried to warn the Labor Department in 2011 that its unemployment statistics were being fabricated by the people at the Census Bureau who compile the data.  But the warning was either missed or ignored by Labor.  That allegedly allowed the data falsification to go on for years.

Healthcare Slavery.  This week and last we learned from Democrats that Obamacare is society's latest liberating influence.  Americans can stop and smell the roses now that they are unshackled from the adult responsibility of providing for their own basic necessities.  The need to perform honest yet unpleasant or even difficult work is a thing of the past.  Free at last!  However, those of us who work for a living are feeling a lot less liberated now that we must subsidize the sabbaticals of those who vote for a living.

Obama's Workforce: Discouraged, Disincentivized, Downsized.  Is work becoming optional?  In our zeal to alleviate poverty, and to protect our most vulnerable, have we invited Americans to put their feet up and take it easy?  That's how many read the recent CBO report predicting job losses courtesy of Obamacare.  Data on the condition of our long-term unemployed, and the impact of extended unemployment compensation points in the same direction.  After five years of disappointing job growth, isn't it time for the Obama White House to think more critically about why our workforce participation is at a 35-year low?

The Democrats' New Rallying Cry: Work Is a Trap and We Applaud Those Who Can Avoid It.  The modern Democrat Party looks at government the same way little kids view Santa.  Liberals seem to believe the government has infinite resources that can be used to hand out free gifts without ever having to worry about how they will be paid for.  However, back in the real world, "gifts" aren't free.  The money for those "gifts" has to be confiscated from people who work for a living and all too often these days, it's given to people who don't.

A shrinking workforce is good news!
MSM Whitewashes CBO Obamacare Report.  Since the release of the CBO report, the legacy media have churned out story after story suggesting that job lock is tantamount to slavery.  And, oddly enough, these stories all support the Democrat Party line.

Obama in unemployment wonderland.  In President Obama's wonderland the numbers tell a tale of economic despair, not hope, and nothing changes.  After years of standing in unemployment lines, unable to find work, millions have given up.  Only 63 percent of the population is currently employed or looking for work, down from 66 percent when Mr. Obama took office.  In the past year an additional 2.5 million Americans under the age of 55 abandoned the search for a job.

Freedom for the Job-Locked.  The Congressional Budget Office issued a politically explosive report this week, finding that Obamacare will reduce the number of hours Americans work by the equivalent of 2.5 million full-time jobs.  This is different from killing 2.5 million jobs, Obamacare defenders are quick to insist.  This will be a shortfall on the supply, not demand, side.  In other words, people with health insurance will opt not to work in certain circumstances if they know they won't lose their coverage.  Democrats insist this is a boon.

1,154,000 Fewer Americans Working Today Than 6 Years Ago.  1,154,000 fewer Americans are working today than six years ago, according to data from the Bureau of Labor Statistics.  In January 2008, 146,378,000 Americans 16 and over were employed, and now in January 2014, 145,224,000 are employed, a difference of 1,154,000.  91,455,000 Americans 16 or older did not participate in the nation's labor force in January, meaning they neither held a job nor actively sought one.  That's a 353,000 decline from December, but 172,000 more than November.

Lose Your Job and Feel Liberated.  This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years.  And that is on top of news that 92 million Americans who could be working are not.  What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs.  Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment.

Jobs: The Report, the Spin, and the Fear.  The monthly employment numbers are out and even the New York Times is dismayed.  The economy added 113,000 jobs in January, which was (all together now) unexpectedly short of the 180,000 economists were predicting.

There are still 4 million fewer full-time jobs in America than before the Great Recession.  The recent CBO report on the labor market effects of Obamacare has raised the general issue of whether the US is moving away from work.

American Idle.  [Scroll down]  President Obama is committed to reducing male wages relative to female ones.  In his State of the Union address, he declared:  "Today, women make up about half our workforce.  But they still make 77 cents for every dollar a man earns.  That is wrong, and in 2014, it's an embarrassment."  Actually, it's an embarrassment that the president perpetuates this myth — which Slate, in the headline of a 2013 story by feminist author Hanna Rosin bluntly called a "lie."

Employers add 113,000 jobs in January.  The job market showed another weak gain last month as employers added 113,000 jobs, though weather may have distorted the employment picture for the second straight month.  The unemployment rate fell to 6.6% from 6.7%, the Labor Department said Friday [2/7/2014].

Reid: Obamacare Doesn't Cost Jobs, It Turns Workers Into 'Free Agents'.  Senate Majority Leader Harry Reid (D-Nev.) said the Congressional Budget Office report that shows Obamacare will make the labor force lose 2.3 million full-time workers by 2021 is positive because it lets Americans be "free agents." [...] The CBO report primarily looked at how employers would respond to the penalty for not offering health insurance to employees working more than 30 hours per week.  Businesses could respond by cutting people's hours, hiring fewer workers and offering lower wages to incoming workers.

White House Responds to CBO: Claims That Obamacare 'Hurts Jobs' Not Supported by Facts.  On Tuesday afternoon [2/4/2013], the White House responded to the Congressional Budget Office's new annual budget projection, arguing that the details of the report did not support claims that Obamacare was eliminating jobs.  "Claims that the Affordable Care Act hurts jobs are simply belied by the facts in the CBO report," the statement read.  "CBO's findings are not driven by an assumption that ACA will lead employers to eliminate jobs or reduce hours; in fact the report itself says that there is 'no compelling evidence that part-time employment has increased as a result of the ACA."

Vapor Lock.  News that Obamacare would cause the economy to shed 2.3 million jobs is being greeted with jubilation by some quarters.  This was foreseen long ago.  FactCheck.Org pointed out even in 2011 that unemployment is not the right word for the loss of remunerative activities caused by the program.  The word's not "unemployment".  "That's a distortion.  CBO said some Americans would work less or leave their jobs if they can get health insurance outside the workplace."  It's not a bug.  It's a feature.

The Left's Lamest Defense Of ObamaCare Yet.  The Congressional Budget Office determined that ObamaCare would discourage work, in large part because many middle-income families will find themselves in what amounts to a 50% marginal income tax bracket as ObamaCare subsidies tail off.  As a result, there'd be 2.5 million fewer "full-time equivalent" jobs and a 1% drop in overall compensation.  This doesn't sound so good.  But to liberals, it's supposed to be music to our ears.  As the New York Times explained, it's "a liberating result of the law."

Obama's SOTU: 18 Lies and Distortions That Should Concern Us.  [#1] He is proud of the 6.7% unemployment rate.

Jobless claims rise more than expected.  Initial claims for state unemployment benefits increased 19,000 to a seasonally adjusted 348,000, the Labor Department said on Thursday [1/30/2014].  Claims for the prior week were revised to show 3,000 more applications received than previously reported.

Fact Checking the 2014 State of the Union address.  [Quoting President Obama:] "The more than eight million new jobs our businesses have created over the past four years."  The president is cherry-picking a number that puts the improvement in the economy in the best possible light.  The low point in jobs was reached in February 2010, and there has indeed been a gain of about 8 million jobs since then, according to Bureau of Labor Statistics data.

Obama, the Ingrate.  The December jobs report was truly awful, with 74,000 non-farm jobs created and the labor-force participation rate at a 35-year low.  Liberals — the same bunch who insist that the climate is warming at an alarming rate — were quick to point to cold weather as a factor discouraging job-creation.  They also insisted that the jobs numbers are volatile and that they might be better next time.  Of course, they might be worse.

All Three Networks Fret Over Obama Not Getting 'Credit' for 'Better' Economy.  Minutes before the President began his State of the Union address Tuesday night, hosts on ABC, NBC, and CBS all worried that Obama was not getting the "credit" he deserved for how well the economy was supposedly doing.

Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years.  Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true "Misery Index."  Because, according to an influential Wall Street advisor, the figures are a fraud.  In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force.  The headline unemployment rate fell sharply to 6.7 percent in December.  The drop of 0.3 percentage points was almost entirely due to people leaving the labor force as the number of people reported employed in December only rose by 143,000.  This was just enough to keep the employment-to-population ratio constant.  The establishment survey was also surprisingly weak, showing a gain of just 74,000 jobs.

The Last Generation of the West and the Thin Strand of Civilization.  Over 90 million Americans who could work are not working (the "non-institutionalized" over 16).  What we take for granted — our electrical power, fuel, building materials, food, health care, and communications — all hinge on just 144 million getting up in the morning to produce what about 160-170 million others (the sick, the young, and the retired who need assistance along with the 90 million idle) consume.  Every three working Americans provide sustenance for two who are not ill, enfeebled, or too young. [...] Given that the number of non-working is growing (an additional 10 million were idled in the Obama "recovery" alone), it is likely to keep growing.  At some point, we will hit a 50/50 ratio of idle versus active.  Then things will get interesting.

Limbaugh: Obamanomics Is Killing Jobs; GOP Fiddles.  If it weren't for a shamelessly dishonest, hyper-protective liberal media, the American people would know, unanimously and without doubt, that Obamanomics is killing American jobs.  There is no silver lining in the December jobs numbers.  Experts and analysts were expecting this latest jobs report, released Friday, to show 200,000 new payroll jobs in December, but there were only 74,000, which is 37 percent of the goal.

Seven Devastating Economic Facts.  Seven economic facts underscore America's increasingly dire economic outlook.  [#1] A Record 91.8 Million Americans Are No Longer in the Workforce.  The latest Labor Department figures reveal that a record 91.8 million Americans are no longer in the U.S. labor force.  To be included in the Labor Department's calculations for this statistic, a person must be 16 years or older, a civilian, not in an institution (such as prison), and someone who has not looked for a job in the last four weeks.

Voodoo Economics and Unemployment.  Ninety-two millions of Americans are unemployed yet the spin masters are telling voters with a straight face that the economy is recovering nicely.  The much touted 6.7 percent (U-3) unemployment rate has dropped again miraculously in December thanks to voodoo economics and statistics that totally discount millions of discouraged workers who have dropped out the labor force and stopped looking for work.  If Americans out of the labor force are counted, the unemployed rate is the U-6 reported by the Bureau of Labor Statistics, approximately 13 percent.

All Your Health Are Belong to Us.  "Expect the unexpected" has been good advice for anyone following American economic news since 2009.  That news has usually been bad, and almost always "unexpectedly" so. [...] A cynical observer might suggest that there is an element of deliberate spin involved, with reporters hoping to keep readers' expectations afloat until next month's report.

For Recent Grads, Good Jobs Really Are Hard to Find.  Underemployment is most acute for those immediately out of college:  56% of 22-year-old college grads in 2009-2011 were working in jobs that didn't require college degrees, substantially higher than in 1990 and in 2001.  Historical data suggest many of them will find better jobs before they turn 30.

How Bad Is Obama's Jobs Record? Let's Count The Ways.  The number of jobs created in December was the lowest in three years, and while the official unemployment number dropped to 6.7%, that was almost entirely due to more than half a million people giving up looking for work.  Of course, a month of data doesn't mean much.  So, for some badly needed perspective, we've created Obama's Jobs Index to show how Obama's policies have failed to create adequate job growth.

Why are adults dropping out of work force?  The US unemployment rate fell significantly in December, but the big reason for the shift isn't necessarily a comforting one for the economy.  The jobless rate dropped to 6.7 percent of the work force, the lowest level since October 2008.  But the shift came only partly because unemployed people were finding work.  Rather, the main driver of the change was people who exited the labor force by ceasing to look for work.  And this wasn't a one-month anomaly.  Rather, the trend of people opting out of the labor force has become a post-recession norm.

Obama's Internal Devaluation Increases Income Inequality.  The Obama Administration's $5.8 trillion of big government deficit spending has caused the United States to suffer an "internal devaluation," as American worker wages after inflation were forced down in each of the last five years.  American competitiveness increased by over 10% due to worker sacrifices, but all the benefits flowed directly to corporate officers and financial speculators.

Disappointing initial December hiring figure expected to be revised.  Mainstream economists had expected a December number north of 200,000, based on other economic indicators that point to an accelerating growth rate.  So Friday's number was a huge miss, and initial reaction from economists suggested December's weak showing was an aberration that'll be revised upward next month.

1,687,000 Fewer Americans Have Jobs Today Than 6 Years Ago.  Although the number of people who had jobs in the United States increased by 143,000 from November to December, according to the Bureau of Labor Statistics, that still left 1,687,000 fewer Americans holding jobs than held jobs six years ago in December 2007 — the month the last recession began.

Labor force dropouts

Thank Labor Force Dropouts, Not New Jobs, For A Falling Unemployment Rate.  Yes, the unemployment rate has fallen significantly from its high of 10 percent in October of 2009.  But it turns out the unemployment rate has been falling for a pretty depressing reason:  people dropping out of the labor force.  Last month, 347,000 workers dropped out, effectively sending the message that it wasn't even worth looking for work anymore.

The truth behind Obamacare 6 million figure.  The Obama administration is trumpeting that 6 million people have health coverage thanks to Obamacare.  Health Secretary Kathleen Sebelius said in a blog post Monday [1/13/2014] that "More than 6 million Americans have now either signed up for a private health insurance plan through the Marketplace or for Medicaid coverage."  But the numbers are somewhat misleading.

92 million people are out of the workforce.  The share of Americans in the workforce has sunk to its lowest point in 35 years.

Surprisingly Weak Jobs Report Puzzles Economists.  It came as a shock: U.S. employers added just 74,000 jobs in December, far fewer than anyone expected.

The Broader Measure Of Unemployment: 13.1 Percent.  A broader measure of unemployment reveals that the job market is worse shape than the official unemployment rate suggests. [...] [A] better measurement of the health of our labor market is the U6 unemployment rate, which provides the broadest picture of the current labor situation.  According to the new BLS data, the U-6 number now stands at 13.1 percent.  It is nearly twice the official unemployment rate.

MSNBC: December Jobs Report Is 'Awful,' 'Very Bad,' And 'Ugly'.  MSNBC admitted that the December jobs report was dismal Friday [1/10/2014].  CNBC's Michelle Caruso-Cabrera announced the newly released report number.  Only 74,000 jobs were created in December, a number that fell significantly short of the 200,000 anticipated created jobs.

2013 ends with weakest job growth in years.  The job market suddenly looks a lot weaker than economists' had thought. Hiring slumped sharply in December, as the economy added only 74,000 jobs, according to the government.  This was the weakest month for job growth since January 2011 and came as a huge surprise to economists, who were expecting an addition of 193,000 jobs.

Media Again Humiliated After Hyping Unreliable ADP Jobs Numbers.  More terrible economic news hit the struggling American people today when the Bureau of Labor Statistics announced that only 74,000 jobs were created in December, the fewest number in five years.  The unemployment rate dropped from 7% to 6.7%, but that is due only to the disheartening fact that 525,000 of the unemployed stopped looking for work.  As a result, the labor force participation rate dropped to its lowest point since 1978.

Obama's American Dream Like One Giant Shave Ice.  The president whose mission succeeded in shutting down America's once thriving coal industry; shutting out fisherman from the ability to feed their families; who sent Gulf of Mexico oil workers to long unemployment lines and who outsourced America's epic car industry to China and Italy had the nerve to tell "folk, " "our focus as a country this year shouldn't be shrinking our economy, but growing it; not narrowing opportunity, but expanding it; not fewer jobs, but doing everything we can to help our businesses create more of the good jobs that a growing middle class requires".

White House pleads for 'emergency' unemployment benefit extension.  The White House made a strong defense Monday [1/6/2013] of a U.S. Senate push to extend 'emergency' federal unemployment benefits by three months, just 17 days after President Barack Obama told reporters that his administration has done a remarkably good job putting jobless Americans back to work.  Fifteen of those intervening days were consumed with a presidential vacation in Hawaii, placing those two statements on nearly back-to-back working days.

5 Myths Propping Up the Obama Presidency.  [#1] The economy has become strong, and is getting stronger. [...] It's bad enough that payroll employment is still 1.3 million below its January 2008 peak.  It's worse that employment in the Household Survey is 2 million shy of where it was in that same month.  If we're lucky and this plodding progress continues, it will have taken almost seven years for that more comprehensive measure of employment to return to where it was before the recession began — and several more years, if ever, before a recovery in employment catches up to eligible adult population growth.

10 Forms of 2013 Media Malpractice.  [#4] Commit statistical torture.  In February, the Associated Press, aka the Administration's Press, was determined to show that government employment had steeply declined.  Trouble is, it ignorantly and artificially pegged the "peak" at a point when hundreds of thousands of obviously temporary Census Bureau workers were on the federal payroll.  The truth is that government employment "grew by a ridiculous 1.2 million, or almost 6%," from December 2003 to April 2009, and was long overdue for a correction.

Report confirms government effort to alter coal job loss estimates.  The Obama administration tried to edit a report on new coal regulations to lower analysts' estimates of serious job losses, an official investigation has found, backing up reports that the Interior Department pressured a private contractor to change information in order to make the data more acceptable.  The Associated Press and Fox News reported in 2011 that a company claimed the Office of Surface Mining Reclamation and Enforcement asked it to change variables in a calculation that showed new environmental regulations would lead to large job losses.

When a guy with a master's degree flips burgers, he isn't counted as unemployed.
Obama will extend amnesty for young illegals, says top White House aide.  [Scroll down]  Roughly 20 million Americans are underemployed or unemployed.  Wages have been stalled for several years, and many Americans are forced to take low-skill, low-wage jobs.  For example, there's been a sharp jump in the number of college grads stuck in minimum-wage jobs.  Their number is 71 percent higher than in 2002, says the Bureau of Labor Statistics' latest figures.  In 2012, 284,000 college graduates were working at minimum-wage jobs, up from 127,000 in 2006, according to U.S. News.

The dark lining to the silver cloud of Obamanomics.  The government's latest reports that the economy grew at a 3.6 percent annual rate in the third quarter and created 203,000 new jobs last month left out a lot of caveats.  Moreover, the network news media's hyperbolic reports that the economy was surging at full throttle, and that the job market was strengthening, needs to be taken with a large grain of salt, too.  The truth is that the economic-growth rate isn't what it's cracked up to be, and the employment figures contained a large number of "part-time" holes.

Out of work and hope.  America is now a country where the official count of joblessness is dropping largely because so many people have stopped looking for work.  Under the government's statistical rules, those who have thrown in the towel are no longer counted as unemployed.  Perversely, this drives the rate down.  Combined with weak job growth, the trend produced happy-sounding 7% unemployment, the lowest rate in five years.

Warning: Jobless rate may be rigged.  The most curious thing of all about the November jobs report released on Friday [12/6/2013] was the huge drop in the unemployment rate — and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification.

60 Straight Months of Unemployment at 7% or Higher.  November marked the 60th straight month that the seasonally adjusted national unemployment rate has run at 7 percent or higher, according to data released today by the Bureau of Labor Statistics.  Unemployment in November was 7.0 percent, said BLS.  That was the lowest it has been since November 2008, but also extended the second longest streak of 7.0 percent or higher unemployment since the BLS started tracking national unemployment in 1948.

41% of Net New Jobs in November Were in Government.  Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month.  At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November.  (The overall national unemployment rate fell from 7.3 percent to 7.0 percent.)

US unemployment rate falls to 5-year low of 7 percent as employers add 203,000 jobs.  A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy.

The Editor says...
It is only an encouraging sign if the figures are honest and accurate, if the number of people in the workforce genuinely increases, and if the newly employed people are working for private companies rather than the constantly-expanding government.  Stand by for an "adjustment" or "revision" in two weeks, when less politically beneficial numbers are announced.

Youth Unemployment: 20.8%.  The unemployment rate for young people, ages 16 to 19, went down slightly between October and November, from 22.2% to 20.8%, according to data from the Bureau of Labor Statistics (BLS), but it is still nearly three times greater than the national unemployment rate of 7%.  The BLS data, seasonally adjusted, show the following unemployment rates for youth (ages 16 to 19) and the actual number of youth unemployed in the United States for the last six months.

1,148,000 Fewer Americans Have Jobs Today Than 7 Yrs Ago.  1,148,000 fewer Americans held jobs this November than did seven years ago in November 2006, according to data released today [12/6/2013] by the Bureau of Labor Statistics.  Back then, according to BLS, 145,534,000 Americans held jobs.  This November, according to BLS, only 144,386,000 Americans hold jobs.  That is a drop of 1,148,000 in the number of Americans working.

Thanks for nothing, President Obama.  President Obama's war on America has accelerated.  We're losing ground on every front. [...] It's bad enough that the government crows about reduced unemployment rates, all the while ignoring the 91 million Americans squeezed out of the workforce by the beneficence of our leaders.  But now we learn that 2012's amazing jobs recovery leading up to Obama's re-election was fiction, made up out of whole cloth.

Obama's Thanksgiving fairy tale — the president wants us to give thanks to him, for good economic news.  The president said, "Our businesses have created 7.8 million new jobs in the past 44 months."  However, as economic commentator Kenn Jacobine points out, that averages to 177,000 jobs per month over 44 months, whereas during the same time period, the working age population has grown by an average of 213,000 workers per month.  Thus, under Mr. Obama, his jobs "recovery" is actually a jobs recession.

Census 'Fake'gate goes back even further.  The decennial census was being conducted from 2008 to 2010, and a lot of part-time workers were needed to knock on doors to get information.  What Census appeared to be doing was hiring people for very short periods of time, then letting them go only to rehire them.  This churning seemed odd and not very efficient because these census takers were required to go through a relatively long training period whenever they came back to work.  But each "hiring" showed up as a created job.  What's more, that census taker who was let go, even if she was soon to be rehired, didn't qualify for unemployment insurance and never showed up as someone who'd lost her job.

'Cooked' Census reported to Obama and Rahm.  Let me be the first to ask:  Did the White House know that employment reports were being falsified?  Last week I reported exclusively that someone at the Census Bureau's Philadelphia region had been screwing around with employment data.  And that person, after he was caught in 2010, claimed he was told to do so by a supervisor two levels up the chain of command.  On top of that, a reliable source whom I haven't identified said the falsification of employment data by Census was widespread and ongoing, especially around the time of the 2012 election.

Real Jobless Rate 11.8% Excluding Labor Force Exodus.  Census employees "faked" employment survey data, possibly accounting for an unemployment drop just before the 2012 election, claims the New York Post.  But even taking the government figures at face value, the jobless rate is radically distorted — and by far more than a short-term drop of a few tenths of a percentage point.  The unemployment rate was 7.3% as of October, still high but essentially at the lowest level since the end of 2008.  However, almost all of the apparent improvement has come from a historic exodus from the labor force.

Did White House Rig 2012 Jobs Data To Get Obama Re-Elected?  An anonymous whistleblower in a New York Post column by John Crudele is alleging that unemployment jobs data in the current population survey conducted by the Census Bureau and the Bureau of Labor Statistics was manipulated in 2012 to help Barack Obama get re-elected.  According to the source, specifically the Oct. 5, 2012 jobs report was faked — just in time for the election.  Worse, the practice reportedly continues to date.

House probes Census over 'fake' results.  I don't know how high up in the Census Bureau the orders to fake employment survey data came from, but the director of the Philadelphia region was aware of those charges against one of his field representatives back in 2010.  Fernando E. Armstrong, the regional director at the time, admitted as much in an internal Census report I have reviewed.  And that field representative, Julius Buckmon, who filed as many as 100 fake reports a month — and admitted to me faking household survey reports — was not the only field rep to do so, according to a Census source.  And the source insists that the faking of the household survey, which could fudge the unemployment rate, is still happening.

Worse Than ObamaCare.  Unemployed middle-aged men look in the mirror and see someone who may never work again.  Young married couples who should be on the way up are living in their parents' basement.  Many young black men (official unemployment rate 28%; unofficial rate off the charts) have no prospect of work.

Jack Welch Vindicated: Obama Regime 'Faked' Pre-Election Unemployment Number.  Chicago is known as a political cesspool.  From Al Capone, to Rahm 'Dead Fish' Emanuel, to Mayor Daley, it is a town that reeks of corruption and anyone who emerges, and especially the case of Barack Obama rises quickly, as a leading force in that political arena should be met with high speculation.  After all, a rise to prominence in Chicago means one thing — you are tainted, a dirty player who will do anything and everything to obtain and remain in power.

Jack Welch Vindicated: Obama Regime 'Faked' Pre-Election Unemployment Number.  Yesterday [11/18/2013], Jack Welch was redeemed as the groundwork is laid once again for Barack Obama's presidency to answer questions surrounding yet another scandal.  In adhering to the Daley premise to 'never leave an election to chance', the Census Bureau did indeed fake the jobs numbers of September 2012.  Days after Obama admitted that he has to win the trust of the America people once more following his lies surrounding the selling of ObamaCare, Americans learn once more that their president lied in order to retain power and steal the election of 2012.

Census 'faked' 2012 election jobs report.  In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.  The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed.  The numbers, according to a reliable source, were manipulated.  And the Census Bureau, which does the unemployment survey, knew it.

Rick Santelli Rages Against Media Over 'Manipulated' Unemployment Data Allegations.  On Tuesday morning [11/19/2013], CNBC's Rick Santelli raged against the American media in light of a New York Post report alleging that Census bureau employees have been caught "fabricating" some data that went into unemployment reports over the last several years, including possibly the controversial report revealed one month before the 2012 election.

GOP to probe 'faked' jobs report.  The House Oversight Committee is vowing to thoroughly investigate a report that unemployment data was falsified before the 2012 presidential election.  The New York Post reported Monday evening that a Census Bureau employee had been found fabricating unemployment survey data that helped determine the nation's jobless rate.

When the Have Nots Become the Haves.  Unemployment reporting has become totally unhinged from reality as the real rate stays at levels which would easily shine the light of truth on the fiction of a recovery.  According to the government's own Bureau of Labor Statistics the real unemployment rate (U-6) has been continuously above 13% for the last year.  This information is readily available (one click of the mouse) and yet the media (including Fox) have told us day-by-day that it is falling and is now down to 7.2.  This typifies the manufactured reality the federal government and the Corporations Once Known as the Mainstream Media shovel into the public trough.  If the plagiarized opinions I hear my fellow citizens share everyday are any indication the average person accepts the fiction as reality.

The Real Employment Problem.  The Bureau of Labor Statistics reported in October that the unemployment rate, U3, declined very slightly to 7.2%.  Concurrently, the BLS noted that the unemployment rate to include those marginally attached to the workforce, or U6, was 13.6%.  These statistics, however, hide a painful and tragic reality.  While unemployment rates have dropped, the labor force participation rate has also declined significantly in recent years.  The labor force participation rate in September 2013 was 63.2%, the lowest since 1978.

The myth of green-job creation.  The concept of green jobs and a green economy is popular among politicians and policy-makers.  That is understandable, as they want to be perceived as doing something about the environment or climate change while simultaneously protecting jobs and the economy.  Green jobs are considered to be a way of addressing two policy issues at once:  employment and the environment.  Policy-makers can argue that green-job creation will compensate for jobs lost due to more stringent environmental policy.  But what are "green jobs"?

Confederacy of Slackers.  If you include the millions of part-time workers who want full-time work, and millions more who have despaired of finding jobs and so have dropped out of the labor market, the real unemployment rate jumps to 13.8 percent, or close to twice the official rate.  Out of a workforce of 154 million people, that's 21 million Americans who are under-employed, unemployed, or sitting on the sidelines — able-bodied but not even bothering to look for work.

What Is the Real Unemployment Rate?  Employers are said to have added 204,000 seasonally adjusted jobs [in October].  But as the Associated Press noted, the government, thanks to the 17 percent government shutdown, had an extra week to retrieve its surveys from employers, and therefore had a higher than usual response rate.  It doesn't seem as if this should matter, but apparently the Bureau of Labor Statistics has a history of estimating high in its initial releases when it has more time to collect and assemble the data.  Additionally, economist Mark Zandi believes that "businesses may have inadvertently counted employment for an extra week."

Americans' Participation in Labor Force Hits 35-Year Low.  The percentage of American civilians 16 or older who have a job or are actively seeking one dropped to a 35-year low in October, according to the Bureau of Labor Statistics.  In September, the labor force participation rate was 63.2 percent, but in October it dropped to 62.8 percent — the lowest it has been since February 1978, when Jimmy Carter was president.

2014: The Collapsing Obamaconomy.  The good news is the U.S. economy wheezed out 204,000 new jobs in October, despite all the sound and fury (signifying very little) over the 17%, 16-day-long government semi-demi-shutdown.  The bad news is pretty much everything else, so let's take a look at what lies underneath the big headline number.

United States of Underemployment: Dead-End Jobs Prop Up Employment Growth.  On the surface, the addition of 204,000 new jobs looks pretty good, in fact, it's statistically above the 190,000 average of the last twelve months.  The fact that it came at a time when the government was shut down and its elected caretakers were within inches of defaulting on our debt makes it all the more, well, unbelievable.

720K Americans Leave Labor Force In October.  On Friday, the Labor Department reported that 720,000 Americans left the labor force.  This exodus pushed the labor force participation rate down to 62.8%, the lowest level since 1978.  One out of three adults is neither working nor actively looking for work.

'Real' Unemployment: 13.8%.  The "real" unemployment rate rose from 13.6% in September to 13.8% in October, according to figures released today by the Bureau of Labor Statistics (BLS).  Though the national unemployment rate is 7.3%, the "real" unemployment rate is a broader measure of the number of people in the United States, 16 and older, currently looking for jobs.  Known as the U-6 unemployment rate, this "real" unemployment figure, seasonally adjusted, includes the unemployed "plus all persons marginally attached to the labor force, plus total employed part time for economic reasons...."

American idle
Lackluster Jobs Report Underscores Epic Failure Of Obamanomics.  Here we go again, another employment report showing "unexpectedly weak" job growth.  Pretty soon Americans are going to figure out, as computer geeks like to say, "It's not a bug — it's a feature."  Across Wall Street, the consensus was 180,000 net new payroll jobs in September.  But some investment houses had quietly raised the bar to 200,000, believing the economy had "firmed up" in recent months.  But just like Charlie Brown trying to kick the football, only to have Lucy pull it away at the last second, our nation's pre-eminent economic thinkers keep having their predictions dashed on the rocks of Obamanomics.

90,609,000: Americans Not in Labor Force Climbs to Another Record.  The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has climbed to a record 90,609,000 in September, according to data released today [10/22/2013] by the Bureau of Labor Statistics.  The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks.

Jobs data
Why young people are saying 'no' to the workforce.  A job used to be the next step after a diploma.  But now, young people aren't in any rush to start working.  Less than 78% of people aged 20 to 34 either have jobs or are looking for work, according to the Bureau of Labor Statistics.  That's down from the peak of 83% in 2000, and the lowest since the 1970s.  The biggest thing keeping young people out of work is the weak economy.

Unemployment Down, but Job Growth Still Crawling.  Unemployment hit its lowest point since November 2008, according to the September jobs report, but concern is starting to slowly creep in because the economy failed to add very many new jobs.  The biggest takeaway from September's shutdown-delayed jobs report is that things mostly stayed the same.

Aha!  Exactly as I suspected:  Publication of the numbers was delayed because they were so dismal.
Just 148k New Jobs in September.  The Labor Department reported Tuesday [10/22/2013] that the economy added just 148k new jobs in September, down from a revised 193k jobs added in August.  The report, which had been delayed by the government shutdown, was a disappointment.  Economists had expected the economy to add over 180k jobs last month.  The unemployment dipped a notch to 7.2%, as more Americans left the labor force.

Redistributing Wealth From Working Moms.  [T]he employment figures released this week showed that the percentage of non-institutionalized women over the age of 16 who participated in the labor force (meaning they had a job or were seeking one) dropped in September to 57.1 percent, a rate it also hit this March, but was otherwise a 24-year low.  In January 1948, when the Bureau of Labor Statistics first started tracking female participation in the U.S. labor force, it was only 32.0 percent.  It peaked at 60.3 percent in April 2000, and since then has been trending down.

Study: 15 percent of US youth out of school, work.  Almost 6 million young people are neither in school nor working, according to a study released Monday [10/21/2013].

Obama: Not Allowing Gov't to Borrow More 'Would Amount to a New Tax'.  Obama said once the debt ceiling is raised and the shutdown is over, "there's a lot we can accomplish together."  He called for more job creation at a time when Obamacare is prompting some employers to cut jobs or move workers to part-time.  And he called for additional deficit reduction in a "smarter, balanced way," which is code for tax hikes.

Weekly Jobless Claims Jump To 6-Month High.  According to data from the Department of Labor, there were 374,000 jobless claims for the week ending on October 5.  This is a 66,000 jump from last week's 308,000 claims, and 62,000 higher than the 312,000 claims that economists had been predicting.  It is also the highest number of claims reported in the past six months.  The four-week moving average of claims is now 325,000, a 20,000 increase over last week's four-week average of 305,000.

The Cold Hard Facts of Obama's Economy.  Understand that the unemployment rate is a rather simplistic calculation.  The numerator is composed of the number of people unemployed and who have looked for work in the past four weeks.  That number is then divided by the total number of individuals in the labor force. [...] In fact, the overall labor force declined by 312,000 in August, which is the most recent data available.  That means 312,000 Americans dropped out of the labor force in August.  In other words, they gave up looking for a job.

Government postpones jobs report amid shutdown.  The government will not release its key monthly jobs report as originally scheduled Friday, the Department of Labor confirmed Thursday.  Citing a "lapse in funding" amid the government shutdown, Department of Labor spokesman Stephan Barr said the report has not yet been rescheduled for release at a later date.  The only other time the jobs report was delayed was in the previous government shutdown in January 1996, when it was released two weeks late.

The Editor says...
Obviously the numbers have been calculated, they just aren't being published.  Publication of the unemployment numbers would cost about as much as it cost me to publish this paragraph — which means the numbers must be pretty bad.

Obama: 'We're Still Trying to Recover;' NBER: Last Recession Ended 4 Yrs Ago.  President Barack Obama — now eight months into his second term — said today [9/21/2013] that the U.S. economy is "still trying to recover" from events that took place five years ago before he took office.  At the same time, the National Bureau of Economic Research (NBER), which dates the beginning and ending of recessions in the U.S. economy, insists that the last recession ended more than four years ago.

Obama's Middle-Class 'Mission Accomplished'.  During his four and a half years in office, Obama has done more damage to the American middle class than any president since Herbert Hoover.  That is not a difficult statement to prove, and it may be an understatement.  Recent data from the Bureau of Labor Statistics show an official unemployment rate of 7.3%.  Not since the Great Depression of the 1930s have so many Americans been out of work, and 7.3% is only the tip of the iceberg.  The real unemployment rate, or U-6, which includes discouraged and part-time workers, still stands at 13.7%. [...] One troubling aspect of the August report was the revision of the official July unemployment figure — downward from to 162,000 to 104,000.  In other words, the July BLS jobs estimate was a whopping 36% too high.  The estimate for June also had to be revised downward, as it often had been in the preceding months.

This Depressing Economy.  It is true that 164,000 seasonally adjusted payroll jobs were added during the month, per the Establishment Survey of employers, but June and July were revised down by a combined 75,000.  The Household Survey used to determine the unemployment rate had even grimmer news, as it showed that 115,000 fewer Americans were working in August than in July.  The only reason that the official ("U-3") unemployment rate fell to 7.3 percent is because the civilian workforce shrunk by over 300,000, taking the labor force participation down to 63.2 percent, that figure's lowest level in since 1978.

The Editor says...
Job creation figures are often revised downward, weeks after their initial publication.  That's because the revisions go un-reported; or if they are reported, it's in the back of the newspaper somewhere.

U.S. jobs numbers paint dim picture of ongoing employment crisis.  Friday's jobs numbers continued to paint a bleak picture of the ongoing U.S. jobs crisis, and experts said at current rates the country will have to wait years to return to pre-recession levels of unemployment.  The jobless rate inched down marginally in August from 7.4 percent to 7.3 percent, according to figures from the U.S. Bureau of Labor Statistics, and the economy added a paltry 169,000 jobs.

The Mythical Public-Sector Collapse.  At The Atlantic, there is a story discussing private- and public-sector job-creation under Obama relative to the other presidents since Reagan.  The Atlantic's coverage of this topic illustrates once again the need to normalize data when making comparisons.

Worse than Jimmy Carter.  Jimmy Carter must be smiling:  Another president has finally broken the record he had held for the worst rate of participation in the job market by American workers in modern times.  The Bureau of Labor Statistics' Friday job numbers show the nation's "labor force participation rate" — i.e., the percentage of Americans over 16 who have jobs, or are looking for one — dipped to 63.2 percent.  That beats the sad record of 63.4 percent set in 1978, a harbinger of the Carter-era stagflation and malaise to come.

Jobless Rate for Black Teens: 38.2%.  The unemployment rate for African American teenagers aged 16 to 19 was 38.2 percent in August, according to the latest figures released by the Bureau of Labor Statistics (BLS).  This figure is nearly twice the 20.5 percent unemployment rate for white teens of the same age, and down less than a percentage point from the 38.8 percent black teen unemployment rate BLS reported in August 2012.  The jobless rate for black teenagers hovered in the 40 percent range all summer, prime earning time for students trying to save for college.  It peaked in June at 43.6 percent, compared to 20.4 percent for white teenagers.

13.0%: Unemployment Climbs in African American Community; 210,000 Fewer Jobs.  The unemployment rate in the African American community climbed from 12.6 percent in July to 13.0 percent in August, according to data released today by the Bureau of Labor Statistics.  At the same time, the number of African Americans 16 year [sic] or older who held jobs dropped from 16,318,000 in July to 16,108,000 in August — a decline of 210,000.

U.S. Adds 169,000 Jobs In August.  The headline unemployment rate fell to 7.3%, according to numbers released Friday by the U.S. Department of Labor, down slightly from July's rate of 7.4%.  But the lower August rate was once again caused by significant numbers of Americans leaving the workforce.  The labor force participation rate fell again last month, dipping to 63.2%, the lowest rate since the mid-1970s.

90,473,000: Record Number Not in Labor Force — Up Almost 10M Under Obama.  The number of Americans who are 16 years or older and who have decided not to participate in the nation's labor force has pushed past 90,000,000 for the first time, according to data released today [9/6/2013] by the Bureau of Labor Statistics.  The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks.  A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.

Labor Day Lies.  President Obama used his weekly Saturday radio address to mark the 131st anniversary of Labor Day.  He swore his "highest priority" is to "reverse forces that have conspired — for decades — against American workers."  Yakety yak.  Don't believe that demagoguery.  The latest Bureau of Labor Statistics data show that workers — especially low-wage workers — are losing ground under Obama.  After four and a half years of the Obama presidency, an unprecedented number of Americans have given up looking for work, wages are stagnating, low wage earners are suffering most, and the U.S. is fast becoming a nation of part-time workers.

Labor Day Lies.  From January 1 through July 31, 77% of the jobs created were part-time.  Less than one out of four people hired got full time work — the opposite of a normal economy.  In April, news about employers shifting to part-time hiring grew to a drumbeat.  Numerous employers cited Obamacare for the change.  The new health law requires employers with fifty or more full-time employees to provide health benefits or pay a fine.  Adding a $5,000 health benefit is affordable when you're hiring lawyers but not entry-level workers.

The Great Shift.  The labor force participation rate is currently at a level not seen since the 1970s — 63.4 percent.  While the unemployment rate has steadily decreased from its high of 10.0 percent in October of 2009 to 7.4 percent in July of 2013, the percentage of Americans in the labor force has not risen.  It has fallen about 2.7 percentage points since the onset of the latest recession.  This is a tragedy in the making, and its impact on the country has been underestimated.  When Americans quit looking for work because they conclude not working beats working, America faces a significant problem.

Labor Force Participation Hits 34-Year Low.  A comprehensive disaster like the Obama administration can't be summed up in one statistic, but the one that comes closest is labor force participation.  The combined effect of many misguided policies — Obamacare, ballooning spending, massive debt, tax increases, subsidizing of inefficient energy, anti-growth regulation, encouragement of food stamp fraud, and many more — has been to drive many millions of Americans out of the labor force.

Obama's Long List of Broken Promises.  [Scroll down]  Then there was his administration's pledge to keep unemployment from rising above 8 percent.  (It remained above 8 percent for the longest stretch since the Great Depression.)  To create five million new energy jobs alone.  (The total number of jobs created in Obama's first term was roughly one-tenth that figure.)  To identify all those "shovel-ready" jobs.  (Mr. Obama later chuckled that his much-hyped "shovel-ready projects" were "not as shovel-ready as we expected.")

Obama's Economy — We've Fallen And Can't Get Up.  Household incomes are still down 4.4% since the recession ended four years ago.  Meanwhile, the unemployment picture may be even worse than we think.

Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days.  Outside of the federal government's Bureau of Labor statistics, the Gallup polling organization also tracks the nation's unemployment rate.  While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven't been worthy of note.  But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.

Unemployment rates rise in most US states in July.  Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum.

The Editor says...
What momentum?

Obama Rigging GDP Statistics.  For example, consumer price inflation has been running about 8-9% per year under the 1980 method.  I don't claim the 1980 method is right; but the government claims only 1% CP inflation from its newer methods, and that number violates many people's first-hand experience of rising prices and declining living standards.  Or with unemployment: by 1930s methods, it has been running 15-20%, which means we are already in the Great Depression 2.0.

New jobs disproportionately low-pay or part-time.  Part-time work accounted for more than 65 percent of the positions employers added in July.

Reagan vs Obama
Reagan vs. Obama: It's not even close.  On each and every key indicator, Reagan outperformed Obama by a wide margin. [...] The Obama years will be remembered as a wasteland of bad decisions, corruption and incompetence, and missed opportunities.  To compare the Reagan and Obama years is informative: it reminds us of what we once had, what we could have again, and how bad it is today.

Part-time America.  New government figures show unemployment still stuck at well above 7 percent, another reminder of America's economic paralysis.  As worrisome, the number of "involuntary" part-time jobs continues to grow, which makes what happened at a 24/7 California call center, set up to answer questions about ObamaCare, particularly ironic.

Where's that 5% unemployment rate Obama promised by now?  On the surface, the July jobs report — the unemployment rate dipped to 7.4% last month thanks to a shrinking workforce as the economy added a disappointing 162,000 net new payrolls — is just another dismal data point in America's "new normal" recovery.  But it's also an important milestone and metric for judging the Keynesian fiscal experiment known as Obamanomics.

77% of Jobs Created in 2013 are Part Time.  This is the kind of thing that gives you a sinking feeling in the pit of your stomach when the full import of this stat sinks in.  Of all the rotten statistics coming out of these dreary jobs reports, month after month, it is the realization that the face of work in America is radically changing right before our eyes — to the detriment of young and old alike.

Obama must accept responsibility for the sluggish jobs picture.  The Labor Department reported Friday that the economy added 162,000 jobs in July, after adding 188,000 in June.  Unemployment fell to 7.4 percent, largely because 240,000 adults left the labor force.  Businesses continued the shift toward contingent workers.  In July, 103,000 more Americans reported working part-time.

Young Americans Left Out Of Obama's 'Jobs Recovery'.  As the media focus on a slight drop in unemployment, an ugly trend gets ignored:  the declining participation of young Americans in the job market.  We'll pay for this for decades to come.  We keep hearing the job market is "improving" or even "solid," with 162,000 new positions created in July and unemployment falling to 7.4%, the lowest since 2008.  But one group is sitting it out.  And it's the one that most enthusiastically embraced Barack Obama in both of his presidential elections:  America's young.

Immigration Reform versus Unemployed America.  With millions of Americans un- or underemployed, it's difficult to see how any political party that's looking out for the folks would want to import more people.  America doesn't seem to be able to provide jobs for the people already here.  Yet, importing more people to compete for jobs in a stagnant economy is exactly what Democrats want to do with their comprehensive immigration reform bill that the Democrat-controlled Senate rolled out on June 27.

Five Things Media Aren't Telling You About Today's Jobs Numbers.  Using anti-science exuberance, for the last few days, the media have pom-pommed someone's ethereal projection that the economy had created 200,000 or so jobs in July. [...] If you are wondering why the media are still artificially propping Obama up at the expense of working people — even after he has been safely re-elected — the answer is simple:  After investing so much in him, the media must now prove they were right to do so.

Data of Prosperity Past.  The good news is that the Commerce Department's second-quarter GDP report shows that the U.S. is richer and the economy larger than previously believed.  The bad news is that this has nothing to do with anything that has happened lately, and certainly not in the last nine months.

Harry Reid's claim that the sequester has 'already cut 1.6 million jobs'.  [Senator Harry] Reid's comment jumped out at us — 1.6 million jobs have already been lost because of the sequester?  That seemed rather large. [...] In fact, there's really no current estimate of how many jobs have been lost because of the sequester.  Before the sequester began, there were many estimates, including one that predicted more than 2 million job losses in 2013.  But the size of the sequester was reduced, various functions (such as air traffic controllers) were spared, and many planned furloughs were reduced, so the impact is probably significantly less than many expected before the sequester was implemented.

Obama's Keystone Job Claims As Phony As His Recovery.  The president falsely claims that the jobs created by the pipeline from Canada would be but a "blip relative to the need," ignoring his own State Department and the unions that support him.  At the rate President Obama is going, he may claim that building the Keystone XL pipeline will actually cost jobs.  In an interview with the New York Times last Saturday, he argued that the best estimate is 2,000 initial construction jobs followed by no more than an additional 100 jobs, a mere "blip."  The newspaper's transcript of the interview showed Obama chuckling dismissively as he made his point.

White House: Restaurants haven't cut hours of workers due to ACA.  Scattered news reports say some restaurants are cutting employee hours or not hiring because of healthcare reform, but U.S. officials say it's not true.

Four Things the Media Aren't Telling You About Today's GDP Numbers.  [#1] GDP growth of 1.7% stinks.  In order to artificially prop up President Obama, the media have created what I call "The Obama Curve."  In order to make his failed economic recovery look good, the media have — for the first time in my lifetime — dumbed down what was once considered acceptable job and GDP growth to practically zero.

SNAP Shot: Two Food Stamp Recipients Per Job Created.  While the administration laments the distraction of "phony" scandals like Benghazi and Fast and Furious that leave real Americans dead, it trots out phony statistics about how well the economy is doing. [...] Since February 2009, the first full month of Obama's presidency, 9.5 million Americans have dropped out of the labor force.  Nearly 90 million working-age Americans are not working today.  Doing the math, 1.3 Americans have dropped out of the labor force for every job the administration claims to have created.

President Adopts Catchphrase to Describe Proposed Recipe for Economic Revival.  President Obama says prosperity does not trickle down, and a rising tide does not necessarily lift all boats.  The conservative policies predicated on those ideas, he maintains, amount to a you're-on-your-own economics, when the country really needs a we're-in-this-together approach:  in short, prosperity needs to come from the "middle out" rather than the top down.

28 states see unemployment rise in June.  More than half the states experienced rising unemployment rates in June compared to May, the U.S. Bureau of Labor Statistics said Thursday [7/18/2013].

A Jobless Recovery Is a Phony Recovery.  In June, the government's Household Survey reported that since the start of the year, the number of people with jobs increased by 753,000 — but there are jobs and then there are "jobs."  No fewer than 557,000 of these positions were only part-time.  The survey also reported that in June full-time jobs declined by 240,000, while part-time jobs soared by 360,000 and have now reached an all-time high of 28,059,000 — three million more part-time positions than when the recession began at the end of 2007.

Food Stamp Nation is now larger than the full-time private-sector workforce.  The Obamanomics transformation of America is nearly complete.  The most recent unemployment report, which was supposed to be mildly optimistic, was actually a fresh milestone in the evolution of Waiter and Waitress America, as full-time career and manufacturing positions vanished, to replaced by a wave of part-time service industry jobs.  If the President was a Republican, the media would be having a seizure over this, but instead they prattle about how job creation was "better than expected."

Why Underemployment May Be Worse Than It Looks.  The level of underemployed workers looks bad on its face but even worse when it's not the government doing the counting.  When the Labor Department released its monthly nonfarm jobs report Friday, it was all sunshine and roses except for one glaring weakness:  A big jump in the underemployment rate that includes those who have quit working as well as those who have had to take part-time jobs even though they'd rather work full-time.

Obamacare Job Double Counting and Other Economic Distortions.  Reader Tim Wallace provided another excellent series of charts on the employment situation.  These charts compare June employment in 2013 to June in prior years.

The Obamacare Jobless Rate Soars from 13.8 percent to 14.3 percent.  While it's true that job growth was robust, it came from the growth of PART-TIME jobs, which are the only kind available.  On a net basis, the economy lost 326,000 fulltime jobs.  Obamacare changes the definition of full time employment to 30 hour a week from 32 hours and requires companies over a certain size to purchase health benefits for all fulltime employees.  As a result, companies are doing what we all knew they would:  They are cutting fulltime employment and replacing it with part-time help.

Part-Time America.  The U.S. labor market may be gaining a little more steam, judging by Friday's June jobs report.  Imagine how much better it might do if ObamaCare weren't encouraging employers to hire so many part-time workers. [...] The disappointments include a big jump of 247,000 in the number of "discouraged workers," those who have stopped looking for a job.

Positive jobs numbers hide troubling developments for young workers.  Hidden beneath the surface of Friday's largely positive jobs report from the U.S. Department of Labor lurk indications that the U.S. economic recovery is far less developed than the White House's self-congratulatory messages suggest.  While the overall seasonally adjusted unemployment number landed at a 7.6 percent for the month of June, with nonfarm payrolls growing by 195,000, the number of so-called 'involuntary part-time workers' increased by 322,000 to 8.2 million — masking a drop in full-time jobs that would otherwise indicate an economic slowdown.

54 Months: Record Stretch of 7.5%+ Unemployment Continues.  [Scroll down]  In a February 2013 report on the impact of Obama's stimulus law — the American Recovery and Reinvestment Act (ARRA) — the Congressional Budget Office said that it estimated the law would have the net effect of increasing federal budget deficits by $830 billion between 2009 and 2019.  CBO also estimated that the stimulus had the impact in the last quarter of 2012 of lowering "the unemployment rate by between 0.1 percentage points and 0.4 percentage points."

June Jobs Report: Part-Time Jobs Up, Full-Time Jobs Down.  Overall unemployment stayed steady in June at 7.6%.  The economy reportedly created 195,000 jobs in the month.  [But the] quality of the jobs created is not good. [...] This is the ObamaCare effect.  Obama's health care law incentivizes employers to drop workers to below 30 hours per week in order to avoid incurring liabilities or fines.

America's Job Recovery Is Only For Part-Timers.  From the media to Wall Street, June's jobs report is being spun as a major positive, a sign the economy is getting back on track.  Maybe the pundits should look at the actual numbers, which are abysmal.  To hear some of them, the 195,000 payroll jobs added for the month while the unemployment rate stayed at 7.6% were a big deal.  One investment house called it a "very good report."  Another termed it "solid."  Really?  Let's take a little closer look at the numbers.

Immigrants account for all job gains since 2000: native-born workers' employment has fallen.  Immigrants — both legal and illegal — have accounted for all of the job gains in the U.S. labor market since 2000, according to a report that highlights the stiff competition for jobs in a tight economy as Congress debates adding more workers to the mix. [...] Meanwhile, the number of Americans who aren't in the labor force at all has jumped by almost 13 million to reach 48.6 million — a finding the report's authors say signals profound changes in the American job market and challenges conventional wisdom that immigration is good for the economy.

Weak Economy Exposes Obama's Upside-Down Priorities.  In the first half of 2013, Obama made dozens of speeches on gun control, immigration and global warming, with the latter culminating in Tuesday's declaration about how imperative it is to act now to combat climate change.  But aside from a little "jobs tour" and one big speech back in February, Obama has been virtually silent on the economy.

New Carbon Regulations, at Greater Cost to America.  Five years into Obama's presidency, twelve million Americans remain unemployed, ten million others are underemployed, the unemployment rate is rising, and Obama wants to make it worse.  In the fourth year of the Reagan presidency, the national economy grew by 6.8%.  Last year, under Obama, it was still stuck at 2.2%.  That difference is not accidental.  It is the result of the contrasting policies of the two administrations.  Sadly, the economic destruction of America continues in Obama's second term.

Obama Economic Policies Guarantee A Jobless Recovery.  The recession ended four years ago.  So how's that Obama recovery going?  Still rather poorly, if jobs are the standard by which it is measured.

Obama's Tax Hikes, Not GOP Spending Cuts, Are Killing Growth.  Liberals are apoplectic about "austerity," claiming that draconian spending cuts are killing jobs and economic growth.  But it's President Obama's tax hikes, not spending restraint, that are hurting growth prospects.

Obama Recovery: Still 7.6 Million Jobs Below Average.  Although somewhat better than expected, the 175,000 net jobs created in May continues the historically tepid jobs growth trend that has come to characterize the now four-year-old economic recovery.  The result has been continued high unemployment, a vast pool of long-term jobless, and an unprecedented number of people who've dropped out of the labor force.

Food Stamps Up 39% Under Obama, Disability Up 13%.  An analysis by the former chairman of the president's Council of Economic Advisers finds that given today's sluggish job growth, it will take over a decade for employment to return to pre-recession levels.

Obama Recovery: Still 7.6 Million Jobs Below Average.  Although somewhat better than expected, the 175,000 net jobs created in May continues the historically tepid jobs growth trend that has come to characterize the now four-year old economic recovery.  The result has been continued high unemployment, a vast pool of long-term jobless, and unprecedented number of people who've dropped out of the labor force.  Highlighting the weakness of the May report is the fact that the number of unemployed climbed by nearly the same amount as jobs created — 101,000 — nudging the unemployment rate up to 7.6%.

U.S. Added 175,000 Jobs In May; Unemployment Higher At 7.6%.  U.S. employment rose more than expected last month, and more Americans entered the workforce, signals that the economy withstood the effects of higher taxes and federal budgets cuts.  Payrolls increased by 175,000 in May, more than the 163,000 that economists predicted, according to Labor Department data released this morning.  May's gain followed a revised 149,000 in April, a figure smaller than initially estimated.

Labor Department: May unemployment rate rises to 7.6 percent.  Economists had predicted the rate would remain unchanged at 7.5 percent.

Obama and the Press Pretend There's 'Clearly' a Recovery.  As of when this column was submitted, it appeared that the government's May report on job growth to be released on June 7 might come showing seasonally adjusted growth of 170,000.  Given ADP's precursor, that seems optimistic.  But even if the report hits that number, there's a good chance, thanks to ObamaCare's 30-hour definition of a "full-time employee" requiring coverage under an employer's existing health plan, that the total number of hours worked will come down, as was the case in April.

We're living in a twisted reality, where the best news is not good news at all.  You know you've tripped through the looking glass when the best kind of news is not good news at all.  So it is with today's US jobs data.  Non-farm payrolls rose by 175,000, a touch above forecasts, but unemployment edged up from 7.5pc to 7.6pc.

The Hidden Jobless Disaster.  [T]he unemployment rate is not the best guide to the strength of the labor market, particularly during this recession and recovery.  Instead, the Fed and the rest of us should be watching the employment rate.  There are two reasons.  First, the better measure of a strong labor market is the proportion of the population that is working, not the proportion that isn't.

Economically, Could Obama Be America's Worst President?  The recession ended four years ago, according to the National Bureau of Economic Research.  So Obamanomics has had plenty of time to produce a solid recovery.  In fact, since the American historical record is the worse the recession, the stronger the recovery, Obama should have had an easy time producing a booming recovery by now.  Obama likes to tout that we are doing better now than at the worst of the recession.  But every recovery is better than the recession, by definition.  So that doesn't mean much.

Krauthammer: Obama a 'fraud,' 'Wizard of Oz' — 'what he preaches doesn't work'.  On Dennis Miller's radio show on Thursday, Washington Post columnist Charles Krauthammer reacted to what Miller called "the new normal" — lowered expectations for the American economy — calling President Barack Obama a "fraud" and comparing him to "a Wizard of Oz."

The Department of Energy Committed $11 Million Per Job.  Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches.  But the data are nonetheless revealing:  for the over $26 billion committed since 2009, DOE Section 1703 and 1705 loan guarantees have created only 2,298 permanent jobs — that's $11.45 million per job.

The audacity of his audacity.  [Scroll down]  In the meantime, unemployment remains excessively high and due to ObamaCare, excessive regulations, and high taxes thanks to this president and economically ignorant members of Congress who voted for his policies, the jobless "recovery" continues and there is no sign of any significant economic growth on the horizon.

The Great Sequester is a sham and a farce.
In time of sequesters, federal government posts 27,000 job openings.  The budget cuts known as sequestration were supposed to wreak havoc, forcing the shrinking of critical workforces including airport security officers and food inspectors.  But since sequestration kicked in March 4, the government has posted openings for 4,300 federal job titles to hire some 10,300 people.

Furloughed feds can tap jobless benefits, raising questions about sequester savings.  Though sequester-tied furloughs have forced federal employees to cut their hours and their pay, it turns out some of them are eligible for unemployment benefits.  That means that while individual agencies are trimming their own budgets with furloughs, the cost to taxpayers of unemployment benefits could simultaneously rise — in turn, undermining lawmakers' goal of using the sequester to cut costs.

Good Luck Being Unemployed Under Obama.  Thirty-six weeks.  That's the average time an unemployed American is out of work in the Obama-led economy, according to the latest government data. [...] The latest data from the Department of Labor show the nation's unemployment rate stands at 7.5%.  The Obama Administration and Obama backers are quick to point out that this rate is the lowest of his presidency.  However, the deeper we dig into the state of the unemployed under Obama, the more frightening the picture.

Don't Be Fooled, The Obama Unemployment Rate Is 11 percent.  When Barack Obama entered office in January, 2009, the labor force participation rate was 65.7%, meaning nearly two-thirds of working age Americans were working or looking for work.  When the recession supposedly officially ended in June, 2009, the labor force participation rate was still 65.7%.

The big Benghazi mystery:  The most over-used trick of Barack Obama's reign of error in Washington is whenever something adverse happens, just ignore it.  Keep on talking happy.  And with a complicit or, at best lazy, capitol media corps the problem will eventually melt away.  Remember all those new jobs that almost $1 trillion of stimulus was going to create by the hundreds of thousands any month now?  That was 2009.  We're still waiting.  And as recently as last weekend Obama is still claiming that job creation is his top priority.

Why Friday's Jobs Report Was Ominous.  Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) wasn't just bad, it was ominous.  We're going to discuss what was ominous about it, and what progressive economic policies have to do with all of this.  However, first, let's look at why the report was not good news.  While most pundits have focused on the BLS Establishment Survey, which reported that 165,000 payroll jobs had been created during April, the Household Survey* numbers told a much different story.

The job surge is a mirage.  I've been telling you for years that this country's employment numbers are rigged during the months of April, May and June — so when the Labor Department announced yesterday that the US created 165,000 jobs last month and the unemployment rate dropped to 7.5 percent from 7.6 percent in March, I had to take a closer look.  Sure enough, the report showed that about 50,000 of those new jobs — or 193,000 on a pre-adjusted basis — were based on government assumptions, not fact.

Job Report Brings No Cheer To Main Street.  The share of working-age Americans with jobs — 58.6% — has barely budged since the bottom of the recession, and we're still some 2 million jobs short of pre-recession levels.  This is unique in post-World War II history.  At this point in every other recovery, the job losses had long since been erased.  On average, payrolls were 7.6 million above the pre-recession peak.

NYT: Real Unemployment at 21.9 Million.  Behind Friday's Labor Department figures lies a stark economic reality:  America remains in a downward jobs spiral.  Consider the following:  according to the Labor Department, the U.S. added 165,000 jobs in April, but to return to pre-recession employment levels, the U.S. would need to add 208,000 jobs a month over seven years.

Economic Misery: The New Normal.  The weakest recovery in the nation's history continues.  On Wednesday [5/1/2013], payroll processing firm ADP reported that private sector businesses created a disappointing 119,000 jobs in the month of April.  Once again, to use a word that should embarrass those who support the Obama administration's Keynesian economic policies, this meager total was "unexpected."  Economic "experts" surveyed by Reuters had predicted at least 150,000 new jobs.

Economy's 'Soft Patch' Is Just More Of The Same.  Dismal job numbers are inspiring a new narrative that the Obama "recovery" was humming along nicely until the sequester hit.  In fact, it has been dragging from the start.  Now that the air traffic system is more or less back to normal, we have something new to worry about.  It's the "soft patch" [—] a term used to describe a slack period in a recovery.

America's Low Labor Participation Rate: Now For the Really Bad News.  March's jobs report showed a curious anomaly:  low job growth (just 88,000), yet a fall in the unemployment rate from 7.7% to 7.6%.  The reason such a push-me-pull-you result could occur was a fall in labor force participation by 663,000 and in the participation rate from 63.5% to 63.3%.

Illinois loses 17K jobs in March, second highest in nation.  Illinois had the second-largest decrease in employment in the nation last month, the Labor Department reported Friday.  The state lost 17,800 jobs, second only to Ohio, where employment fell by 20,400 positions.

Obama's Labor nominee: Official unemployment numbers 'understate' jobs crisis.  Thomas Perez, President Obama's nominee to lead the Labor Department, told Congress today that the Bureau of Labor Statistics is "understat[ing]" the national unemployment rate.  "The labor force participation is at one of the lowest levels," Perez told Sen. Bernie Sanders, I-Vt., during his confirmation hearing today, adding that "7.6 percent doesn't take into account discouraged workers, so, in that sense, it understates the unemployment rate."

Ninety days of destruction from the Obama White House.  There are no new jobs.  There will be no new jobs.  Creating jobs in Obama's America is like trying to grow healthy plants in a nuclear blast zone.  Obama has turned the U.S. economy into a "Hostile Work Environment."

America's Economic Disconnect.  The state of our economy has become a constructed fantasy created largely by mainstream media (MSM) narratives.  Media accounts of economic performance over the past four years have ranged from confusing to inaccurate to flagrant happy talk and spin.  Rationalization and selective reporting have created economic 'good' news and false 'hopes' where none existed or should exist. The techniques employed have included consistently biased memes, factual omission, factual commission, and even misdirection.

Obama's plan hatched at Columbia University.  Under Obama, 660,000 Americans dropped off the job rolls... just last month.  90 million working-age, able-bodied Americans are no longer in the workforce.  90 million.  The workforce participation rate is the lowest since 1979.  For men it's the lowest since 1948 (when record keeping began).  Almost 50 million Americans are on food stamps (20% of all eligible adults).  14 million are on disability.  Millions more are on welfare, unemployment, housing allowances, aid to dependent children, or 100 other free government programs.

The Real Story Behind The Unemployment Rate.  The mainstream media is absolutely giddy that the U.S. unemployment rate has hit a "four-year low" of 7.7 percent.  But is unemployment in the United States actually going down? [...] Headlines all over the nation boldly declared that "236,000 jobs" were added to the economy in February, but what they didn't tell you was that the number of Americans "not in the labor force" rose by 296,000.  And that is how they are getting the unemployment rate to go down — by pretending that huge numbers of unemployed Americans don't want jobs.

Cowboy Logic and the Economy.  No matter how much the sycophants in the media and the partial pundits tell us that the debt doesn't matter and that the economy is making a recovery, 2 + 2 is still 4, and the numbers just don't add up.  They point at statistics and fractional improvements in unemployment and auto sales but they don't tell you that the people who have used up all their unemployment benefits and have dropped out of the work force are no longer counted among the unemployed.

Four AP Reporters Make Excuses, All Unacceptable, for Weak March Jobs Report.  After telling the world on Thursday [4/4/2013] that "Gone are the fears that the economy could fall into another recession," it seems that the Associated Press's Christopher Rugaber needed some help explaining away Friday's weak jobs report from the government's Bureau of Labor Statistics.  The AP had four reporters on Friday evening's coverage, all seemingly in search of a viable excuse for another "unexpectedly" disappointing report.

Economist Cited by WH Blames Obamacare for Jobs Numbers.  Moody's chief economist Mark Zandi, frequently cited by the White House in support of its economic proposals, told CNBC that Obamacare may be partially responsible for the disappointing jobs numbers released earlier today.

The March Jobs Report: How Numbers Can Deceive.  Last Friday's jobs report was dismal.  The labor force participation rate, that is, the percentage of the total population that is either working or actively seeking employment, dropped to 63.3%.  That's the lowest rate since May of 1979.  Under Presidents Reagan, Bush and Clinton the labor force participation rate grew as high as 67.3% in April of 2000.  All of that growth is now gone and the numbers are back to the lackluster growth and economic malaise that characterized the Carter presidency.

90 Million Americans Are No Longer Looking for Work.  In March, the number of Americans who dropped out of the labor force increased by 663,000 which adds up to a record 90 million Americans who are no longer looking for employment. [...] The White House responded with a report stating this is all proof the economy "is continuing to recover".

Media Can't Blame Dismal Jobs Report on the Sequester.  The March jobs report is dismal.  Economists had expected the economy to add around 200k jobs last month.  The Labor Department reported this morning, however, that the economy added only 88k jobs.  Democrat operatives in the media are quickly spinning the bad economic news as the fault of the sequester, i.e. automatic government spending cuts.  A closer look at the data show the cuts had almost no impact on the job market.

Discouraged Americans leave labor force.  Many Americans are still so discouraged that they've given up on the job market.

Making Work Not Pay.  The lousy March jobs report jolted financial markets Friday, and understandably so.  In a trend that has defined this weakest of all modern economic recoveries, the jobless rate keeps falling but largely because the labor force keeps shrinking.  The unemployment rate fell to a new four-year low of 7.6%, from 7.7% in February.  Good news, except the main reason for the decline was that nearly half a million Americans (496,000) left the civilian labor force.  They retired, quit working, went back to school or gave up looking for work.

Jobless Claims Hit Four-Month High.  For the third straight week, the number of Americans filing for new unemployment benefits rose.  Thursday's [4/4/2013] increase was quite dramatic.  Though economists expected new claims to fall to 350,000, claims actually rose to 385,000 — the highest number since November.  The four-week rolling average also increased to 354,250.

Jobless claims at 4 month high.  The unemployment numbers come out tomorrow [4/5/2013] and by the looks of things, it won't be very good news.

How Obama Goosed the Jobs Numbers.  As long as I can remember, people have always complained about the accuracy of government-reported statistics and claims.  For instance, every year, the government reports that the measure generally regarded as a barometer for inflation everyday Americans face, the CPI, is always much lower than people feel they're experiencing in their everyday lives.

The Great Recession Has Been Followed by the Grand Illusion.  The Great Recession is an apt name for America's current stagnation, but the present phase might also be called the Grand Illusion — because the happy talk and statistics that go with it, especially regarding jobs, give a rosier picture than the facts justify.  The country isn't really advancing.  By comparison with earlier recessions, it is going backward.

CBO: America Will Never See Full Employment Under Obama.  The Congressional Budget Office is now projecting that the U.S. economy will never achieve full employment during the eight years Barack Obama serves as president.  That would make Obama the only American president during the post-World War II era who never presided over a year in which the U.S. economy offered full employment to the American people.

The Countless Shades of Green Jobs.  Green jobs — or, as our president calls them, the "jobs of the future" — have been notoriously tough to define and count.  The federal Bureau of Labor Statistics recently did it, though, and now it's the result that's notorious.  Facing an admittedly difficult project, the BLS created a definition that is so broad as to make it a meaningless measure of the green economy.  Here's a sneak preview:  There are 33 times as many green jobs in the septic tank and portable toilet servicing industry as there are in solar electricity utilities.

Today's Job Creation is Pathetic Compared to Reagan-Era.  [President Obama] has seen the unemployment rate artificially drop due to a shrinking workforce.  For instance, the unemployment rate dropped last month to 7.7%, but that's likely due to 135,000 leaving the workforce.  It's just fact that if the labor force was as large today as when Obama took office, we would be looking at an unemployment rate closer to 11%.

Jobless recovery
More Are Quitting the Workforce Than Getting Jobs.  Who can complain about nearly a quarter-million jobs created in February?  Until, that is, you learn that more people left the labor force than got new jobs, continuing a long-term trend under President Obama.

End the Madness at the EEOC.  Over 89 million Americans are presently out of the labor force.  The New York Times seems to offer a muddled explanation for the fact that employers have money to hire but aren't doing so even when they need extra help.  The Federal Reserve's vision is less cloudy.  In its latest beige book the Fed indicates that uncertainty about the impact and requirements of Obamacare is playing a significant role in the national job freeze cutting into sales and hiring.

Labor force declines rapidly under Obama To praise the February jobs report is to embrace the New Normal economy.  The headline numbers show a decent month for the US labor market in February.  Nonfarm payrolls rose by 236,000 last month (246,000 in the private sector), the Labor Department said, beating economist expectations of 160,000.  And the jobless rate fell to 7.7%, the lowest since December 2008, from 7.9% in January.  Now here's some of what those headline numbers miss:  [#1] In January 2009, Team Obama economists predicted that the unemployment rate by 2013 would be 5.1%. [...] [#2] The labor force participation rate fell again as potential workers stopped looking for work.

Notice that the steep decline began in late 2008, at the point when it became apparent that Barack Obama was about to be elected.

Bad behavior underserving of sympathy or support.  Like most Americans, I sincerely believe we have a moral and civic responsibility to help those who cannot help themselves as well as those who genuinely want to better themselves through productive employment.  But these "people who have left the work force" are something altogether different.  According to the experts, they are predominantly able-bodied men who have chosen to stop looking for work and are relying instead on the financial support of others.  And the others they rely on are more likely to be girlfriends than spouses and government programs rather than friends or community groups.

Maxine Waters: Sequester Could Cause '170 Million Jobs' to Be Lost.  Maxine Waters (D., Calif.), in an attempt to outdo President Obama's claims that even minor cuts will bring the republic's long run to an ignominious end, warned today that the sequester could cause "over 170 million jobs" to be lost.

Personal Income Drop Is Bottom-Up Economics Failure.  The economy racked up another dubious achievement in January, when personal income suffered the biggest drop in 20 years and disposable income suffered its biggest decline in more than 50.  Is this what "bottom-up" prosperity looks like?

Teacher pink slips claim by Duncan not backed by evidence.  The descriptions of the post-sequester landscape that have been coming out of the Obama Administration have been alarming, specific — and, in at least some cases, hyped.

The Real State of the Union.  A February 1 Investor's Business Daily editorial, which appeared shortly after the government released its January jobs report, laid out the primary truth about the current job market:  It took an average of just 24 months to regain all the jobs lost in the previous nine recessions.  But at the current Obama job-creation pace, it will take about 80 months to regain those lost jobs.

State of the Union blues.  No matter what your political persuasion, even if you're the biggest Obama supporter in the world, you have to wince when he says things that are obviously untrue.  I copied the transcript of his speech into Microsoft Word and started highlighting the lies, but that was an exercise in futility.  Almost everything was highlighted. He lies obsessively. [...] Then I tried limiting myself to outrageous, interesting lies, but that's not really much of a limit with this guy.  For example, he started by talking about the economy and his very first sentence on the subject boasted about creating six million new jobs.  Six million!  Just a few months ago he was running for re-election claiming four million, which was up from three million, which itself was a figment of his overactive imagination.

Rubio's Thirstiness Trumps Obama's Untruthfulness.  Why does a re-elected chief executive, dubiously claiming a mandate from the people, insult the intelligence of millions of Americans struggling to stay afloat in a contracting economy during the worst economic recovery on record with ludicrous contentions like this:  "After years of grueling recession, our businesses have created over 6 million new jobs"?  Why does he present an electorate that just returned him to power with the wild claim that "already, the Affordable Care Act is helping to slow the growth of health care costs"?

After ignoring unemployment, Obama seeks to convince Americans it's his top priority.  White House spinners are working furiously in the final 72 hours before President Obama's State of the Union speech.  Their job:  convince the recession-scarred American public that economic recovery is Obama's top priority — after everything he has said and done to suggest otherwise.  The unemployment rate is 7.9 percent — one tenth of a point higher than it was when Obama took office in January 2009.

The President Admits The "Recovery" Is Smoke And Mirrors.  In my view, true recovery is one that has a lasting foundation of effective business policies, fiscal sanity and monetary restraint.  A Democrat recovery, we now know, is a house of cards created and sustained by writing hundreds of billions of dollars in hot checks (h/t — Lloyd Bentsen).  Don't believe me?  Here is what the President had to say today: [...]

Obama's shotgun photo: Fake or for real?  Yesterday Obama was on the gun violence kick.  Today, it's immigration reform.  Both of which keep the public's mind off the sagging Obama economy.

Counting the Ways the Media Lies About the Economy.  Pop quiz:  What was the biggest news story this week?  And I don't mean, what was the biggest news story according to Obama's media.  Obviously, it was the economy taking a nosedive into negative territory last quarter, along with the fact that hardly enough jobs were created last month to keep up with population growth.  Oh, and the unemployment rate increased.  Of course the economy is the biggest story; it affects the most people and Obama's doing it wrong.  But not only is the media never-minding the economy, much of the media coverage related to economic bad news is forever being spun into good news.

As GDP Falls, President Obama Runs Out of Excuses.  When Obama first took office, he forecast 4% GDP growth for 2011 and 2012, as did most everyone else.  Actual results: 1.8% growth in 2011 and 2.2% in 2012.  Just last summer, Obama was saying that Q4-over-Q4 growth in 2012 would be 2.6%.  Actual result:  1.5%.

Unemployment rate creeps back up, as Obama lays off his own jobs council.  The President's Council on Jobs and Competitiveness expired in obscurity Thursday [1/31/2013] in an unmarked bureaucratic grave.  Created two years ago to display the Chicagoan's alleged concern with high unemployment, whatever its PR showcase value had long since ended.  In fact, as a typical Obama sign of his oft-repeated commitment to creating hundreds of thousands of new jobs, the Democrat hadn't even bothered to meet with his hand-picked group of business and union executives for more than half its life.

U.S. Economy Adds 157,000 Jobs in January.  The U.S. generated 157,000 jobs in January, just short of analysts' estimates and another sign that economic momentum is stagnating.  The headline unemployment rate inched higher to 7.9% from 7.8% a month ago. [...] On Wednesday [1/30/2013] the Commerce Department said the U.S. economy shrank at an annual rate of 0.1% during the fourth quarter of 2012, the first quarterly drop since 2009.

Colorado Energy Office Misspends Millions in Stimulus Funds.  The Colorado Energy Office (CEO) misspent millions in stimulus funds and could not account for a variety of other financial statements, according to a new audit from the Colorado state auditor.  The CEO, charged with administering energy funds from the American Recovery and Reinvestment Act and a host of other energy initiatives, "was unable to demonstrate that $252 million spent over the past six years was spent cost-effectively," the report concluded.  More than half of that amount, roughly $144 million, came from Recovery stimulus monies distributed between the 2009-2012 fiscal years.

Obama's jobs council shutting down Thursday.  President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high.

Dem leader Reid: 'We are in a recovery'.  Senate Majority Leader Harry Reid (D-Nev.) on Thursday said the American economy is "in a recovery" despite the decline in the nation's gross domestic product (GDP).  Reid made the remark after Senate Minority Leader Mitch McConnell (R-Ky.) blamed the White House for the unexpected contraction in the economy.

In the same way a crop duster "pauses", right before nosediving into the ground...
US economy has 'paused', says Federal Reserve.  The Federal Reserve left its ultra-loose monetary policy unchanged on Wednesday [1/30/2013], saying the US economy had "paused" in recent months largely due to transitory issues.

The Reality of Long Term Unemployment.  In his "Mission Accomplished" moment, Barack Hussein Obama ended his jobs council on Thursday, January 31, 2013.  Despite the fact that more than 12 million people in the U.S. are still out of work.  Obama's allies will point out that when the jobs council began two years ago, unemployment was above 9 percent and has since improved to 7.8 percent.  What they conveniently overlook is that the unemployment number has shifted downwards in large part due to people who have exceeded their unemployment benefits are no longer being counted.

Obama's Economy: The Excuses Begin.  Just days after the November presidential and congressional elections which gave President Barack Obama a non-mandate of 50.6% of the popular vote and the demonstrated supported of less than 27% of all U.S. adults, NBC's Brian Williams actually told viewers:  ["]With the election now over, it is once again safe to talk about the economy and jobs.  Now that it is not a campaign issue, it's back to reality.["]

Outgoing Marxist Labor Secretary Blames Unemployment on... Tea Party.  Outgoing Labor Secretary Hilda Solis, who along with Barack Obama presided over the highest unemployment rate since the Great Depression, spoke with FOX News Latino about her own miserable record.

First Term: Americans 'Not in Labor Force' Increased 8,332,000.  The number of Americans age 16 or older who decided not to work or even to seek a job increased by 8,332,000 to a record 88,839,000 in President Barack Obama's first term, according to the Bureau of Labor Statistics.

Obama's Psycho Job Phobia.  Good news everyone:  Jobless claims on a weekly basis fell to a five-year low according to the Labor Department.  Bad news everyone:  Yet still more people remain jobless.  And why is that?  Because Obama doesn't care about jobs.  When you reckon out the newest jobless figures using the Obama's best calculus, the weekly decline doesn't mean that fewer people are unemployed.

Obama Jobs Council Has Not Met for a Year.  But how can he find the time to focus on jobs, when he has more important things to worry about, like banning magazines with too many rounds, playing golf, promoting gay marriage, going on vacation, spending money, promoting abortion, playing golf, making a speech, illegally providing amnesty to illegal immigrants, going on vacation, giving out money to his billionaire supporters, playing golf and throwing another party.

Obama Jobs Council hits 1 year without official meeting.  President Barack Obama's Jobs Council hit a notable milestone on Thursday:  one year without an official meeting.  The 26-member panel is also set to expire at the end of the month, unless Obama extends its tenure.  The group, formally known as the President's Council on Jobs and Competitiveness, last convened on Jan. 17, 2012 for a White House session where it presented formal recommendations to Obama.  It was the panel's fourth official meeting since it was created in early 2011.

The Editor says...
It sounds as if Obama's Jobs Council was a sham and a farce, created to give the illusion of decisive action.

The Jobs Scare.  With unemployment stalled near 8 percent, it's tempting to skewer President Obama over the embarrassing news that his Jobs Council hasn't met for a solid year — 369 days, to be exact.  And its future seems to be in limbo.  That's just as well.  Jobs councils don't create jobs, businesses do.  The most lethal jobs-killer today is the uncertainty coming out of the White House.

Unemployment Rate Same Today As It Was When Obama First Took Office.  Even though much has changed the past four years, President Barack Obama begins his second term with one thing that hasn't:  the unemployment rate.

Bureau of Labor Statistics, Job Deception Deepens.  [Scroll down]  A more comprehensive unemployment rate is the U-6 which counts all unemployed individuals 16 years and older seeking full-time employment (the aforementioned U-3 rate), marginally attached workers and those working part-time despite wanting full employment.  Marginally attached workers include the discouraged who have given up the employment search.  The December U-6 unemployment rate is 14.4; the 2012 average nearly 14.8 percent.

The New, Media-Numbed Normal.  Associated Press stories on the economy and the fiscal cliff during the previous week tell us that we're in for four more years of having the so-called "essential global news network" and the rest of the establishment press tell us that we aren't really seeing what we can see right in front of us. [...] The AP's headline writers and Christopher Rugaber already had their minds made up about what last Friday's Employment Situation Summary from the Bureau of Labor Statistics would mean even before it was released.

Where Are The Jobs, Mr. President?  When Nancy Pelosi asked that question in 2003, the unemployment rate was 6.1 percent.  The unemployment rate for blacks was 11 percent.  GDP, however, was growing at a 7.2 percent clip, and barely more than a year later the unemployment rate had fallen to 4.9 percent.  That didn't stop Pelosi and her allies, including many in the news media, from repeatedly asking the above question and proclaiming the jobs picture to be the worst since Herbert Hoover.

Obama says Washington 'doesn't have a spending problem.' Really?  On the face of it, such a statement is completely ridiculous — and a bit scary.

Obama to Boehner: 'We Don't Have a Spending Problem'.  In an interview with Stephen Moore of the Wall Street Journal, newly re-elected House Speaker John Boehner (R-OH) opened up about President Obama's utter unwillingness to cut a single dollar from federal spending.  In a stunning admission, Obama reportedly told Boehner, "We don't have a spending problem."

Yes, Obama, There Is A Spending Problem.  Apparently, President Obama never got around to reading the final report of his own deficit commission.  How else to explain his belief that federal spending isn't the cause of the nation's debt crisis?

The Editor says...
Out-of-control spending is this country's biggest problem, and it is the problem most aggravated by Barack H. Obama.  His denial indicates that either he is trying to dismantle capitalism once and for all, or he is incompetent, or he is a compulsive liar, or he's just not too bright.  Thanks again, Obama voters!

Net job gain under Obama: 28,000.  The average monthly job creation in 2012 was 150,000.  That is the best one year performance during Obama's first term.  That is barely good enough to keep pace with the number of workers entering the job market every month for the first time, meaning that we have a long way to go to replace the 7-8 million jobs lost during the recession.

The Four-Year Honeymoon.  President Obama never disappoints.  When the monthly unemployment rate fails to drop, forget it.  What's important is the number of jobs created.  But when the rate actually does drop, forget the growth (or lack of it) in jobs.  It's the rate that matters.  And don't blame Obama for the persistence of slow economic growth and high joblessness.  That's the "new normal."  As for the millions of dropouts from the job market, that's no big deal, hardly worth more than a passing mention.

Unemployment Rises for Women, African-Americans in December.  Government unemployment numbers for December showed that while the general unemployment rate remained flat at 7.8 percent, unemployment for women and African-Americans rose despite an economy that created 155,000 jobs.  Unemployment for women rose to 7.3 percent in December from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent from 13.2 percent in November.

The Jobs Report.  It's another dreary jobs report out this morning from the Bureau of Labor Statistics, detailing yet another month of the apparently endless "Obama Recovery," the worst since the Great Depression lingered on and on in the 1930s.

US Budget for Dummies.  Take the U.S. budget, remove eight zeros, and pretend it's a household budget.

With Election Over, Americans Find They Were Duped By Democrats And Obama.  Yes, the total number of people with private-sector jobs has grown by 2 million over the last year, as the White House proudly trumpets — and did on the campaign trail.  But what never gets reported is that 2.4 million people have left the workforce entirely over the same stretch — so there is no net real job growth.

Obama's Big Michigan Right-To-Work Lie: Lower Wages.  Campaigning Monday [12/10/2012] in Michigan as it stood poised to become the nation's 24th right-to-work state, President Obama spoke the exact opposite of the truth to union workers at a Daimler Detroit Diesel plant in the birthplace of organized labor.  "What we shouldn't be doing," he told the small crowd, "is trying to take away your rights to bargain for better wages.  We don't want a race to the bottom.  We want a race to the top."  Yet looking at the hard numbers, becoming a right-to-work state is a direct line to the top.

'Bullish' November Data Mask An Ugly Truth About Jobs.  A rip-roarer for job creation and a major drop in the unemployment rate.  At least, that's how the mainstream media sum up November's job numbers.  But scratch the data and a different story surfaces.

73% of Jobs Created in Last Five Months Government Jobs.  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.

Former Obama Economic Adviser: Unemployment Rate Decline Due To Drop In Labor Force.  Still won't stop Obama and his army of hacks from claiming we're on the road to recovery.

370k New Jobless Claims; Gallup Reports Unemployment Jump to 8.3%.  After a few post-Hurricane Sandy weeks of new jobless claims hitting over 400,000, it looks as though we've settled back into the new and accepted normal of new claims landing somewhere in the 360,000 to 390,000 range.  According to the Bureau of Labor Statistics, this week saw 370,000 new claims filed.  Keep in mind, though, that it's only in Barack Obama's America that we've learned to celebrate any number under 400,000.

Why a budget deal could push unemployment above 10 percent:  The economy must add more than 349,000 jobs each month for three years to lower unemployment to 6 percent and that is not likely with current policies.  Most analysts see the unemployment rate inching up to 8.0 percent, while a few see it remaining steady.

Now They Tell Us The Economy Stinks.  Little noticed in President Obama's "fiscal cliff" plan is a demand for a huge new stimulus package.  Wait!  Wasn't he and everyone in the press telling us just before the election how the economy was gathering steam? [...] In the crucial last few weeks before the election, the mainstream media were falling over themselves painting a rosy economic picture.  Every upbeat bit of data made it to the front page; any bad news got buried.

Jobless rate drops to 4-year low, economy creates 146,000 jobs.  The dark cloud in the Labor Department's report, however, was a drop in the size of the work force, which signaled that some people may have given up looking for work. [...] Friday's report included revisions to both the September and October data showing that 49,000 fewer jobs were created than first reported.

The Editor says...
Imagine my surprise.  The election is over, so now they're telling a different story about the emploment reports from September and October.

Militant Socialism in America.  Despite his "colossal economic failures" and a national debt "above $16 trillion" Barack Obama was given a second term.  It is not because the conservative message was wrong; it is because Obama is a master of marketing his message.  Seductive and false advertising as well as outright bribery marked this man's first term and will certainly be the hallmark of his second.

Obama proposes tax credits for businesses who hire workers they don't need.  Typical Obama, and indicative of a guy with zero experience in the real world who has no idea how or why businesses expand payroll.

Post-election surprise: A slew of bad news.  [For example,] Jobless claims soared. Sure, the president got his minions to drop the unemployment rate to 7.8 percent a couple months before the election ("See? It IS getting better!")  But bam, just like you can be sure that the one relative who drives you nuts will absolutely make it to your house for the holidays, new jobless claims skyrocketed right after Nov. 6, jumping to 439,000 — up 78,000 from the week before the election.  Shocker to those "swing" voters:  The two states with the biggest leaps — Ohio and Pennsylvania, due, according to reports, to layoffs in the auto industry Mr. Obama "saved."  Perfect.

Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit.  The Department of Labor has announced that new jobless claims rose by a staggering 78,000 in the first week after the election, reaching a seasonally-adjusted total of 439,000.  Over the past year, and in the weeks leading up to the election, jobless claims were said to be declining, dipping as low as 339,000, with the media proclaiming that they had reached the "lowest level in more than four years."  Now, suddenly, the news seems far less rosy.

Mud Pies from the Labor Department.  A college graduate with a degree in biomedical engineering who gets a $90,000 job in his field is counted exactly the same in the government's unemployment report as a biomedical engineering graduate who can't find a job and is working weekends as a bus boy at Applebee's.  Or as the PBS Newshour succinctly stated it, "If you only worked one hour in the past week, you're counted as officially employed."

Down and Out in Obama's America.  The jobs report for the month of October released on Friday [11/2/2012] reveals a bleak outlook and lack of opportunity for younger workers in the Obama economy.  As CNN Money blog reported, the liberal Center for American Progress hailed the employment numbers while businessmen emphasized their inadequacy.

US employers post fewest jobs in 5 months.  U.S. employers posted fewer job openings in September after advertising more in August than first estimated.

Media Celebrate Increased Unemployment, Lower Wages.  In January of 2009, when President Obama took office, the unemployment rate was 7.8%.  Four years and around $5 trillion dollars in debt later, it's 7.9%.  When Obama took office the long-term unemployment (U-6) rate was 14.2%.  Today, it's 14.6%.  Obama promised us 5.2%.  And, still, the media celebrates the jobs numbers.

Obama's economy added 171,000 jobs last month, but unemployment also rose by 170,000.  The good news for America and Obama is that the US economy added 171,000 people to payrolls last month.  But [...] there is some bad news.  The number of those without a job also grew by 170,000, moving the overall unemployment rate up from 7.8 to 7.9 percent.

Obama Campaign on Thursday: Doesn't Matter What the Jobless Number Is.  With four days until Election Day, the unemployment report coming out this morning takes on added significance — either boosting President Obama's contention that the economy is improving, or suggesting that it is not.

Unemployment Higher than Obama Predicted for Oct. 2012 Without Stimulus.  Remember when the White House, via their economists Christina Romer and Jared Bernstein, sold the $800 billion stimulus by saying that if it were passed, the unemployment rate would be 5.2% in October 2012?

Obama eases off 'one-term proposition,' says economic fix takes more than 4 years.  Despite saying in 2009 that failing to right the economy in three years would mean a "one-term proposition," President Obama on Thursday [11/1/2012] may have moved the goalposts.

Unemployment rate rises to 7.9 percent, economy adds 171,000 jobs.  The final monthly jobs report before Election Day offered a mixed bag of numbers that would surely become political putty for the presidential candidates, with the unemployment rate ticking up to 7.9 percent but the economy adding a better-than-average 171,000 jobs. [...] While 171,000 jobs were added in October, the number of unemployed grew by roughly the same amount — to 12.3 million.

Revising the numbers downward — again.
New ADP Count Slashes Job Creation for September.  Revisions to the way payroll data firm ADP counts private sector job creation have resulted in a sharp drop in the September employment count.  ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.

That bad, eh?
Labor Department May Delay Jobs Report.  [Scroll down]  There was also a prediction released by a major pollster today that predicted a bad jobs report could be a game-changer and tip the race to Romney decisively.  And then what happened...?  Well, lo and behold, the U.S. Labor Department releases a statement stating the hurricane might delay the release of the jobs report.

Labor Department 'Working Hard' to Ensure Jobs Report Released on Time.  The U.S. Labor Department on Monday [10/29/2012] said it is "working hard to ensure the timely release" of the October jobs report, saying it intends to released the report on schedule Friday despite Hurricane Sandy.

Obama's Jobs Creation Claims False.  President Obama has lately been touting the claim that he's created 5.2 million new jobs as President.  His fantastic boast is featured in a new TV ad.  But FactCheck.org says not so fast.  Those claims are "inflated," to say the least.  FactCheck notes that the 5.2 million claim is accurate, such as it is.  But what makes it "inflated" is that the jobs number refers only to jobs created after 2010 and does not include the 4.3 million that were lost earlier in Obama's term.

The October Surprise and the November Election.  When the fall in the unemployment rate to 7.8 percent — below that resonant 8 percent threshold — was announced on October 5, many were incredulous that the weak US economy could produce such a robust jobs report.  Yet those who spoke out on the number were clobbered by the MSM[...]

Top 10 reasons to vote Obama out of office.  [#1]  Don't let the official 7.8 percent unemployment rate for September fool you; work-force participation is at a record low and 23 million American [sic] are looking for work.  Ten times as many people have dropped out of the work force during Obama's term than have found a job.  His last attempt at helping the unemployed — the 2009 stimulus package — cost nearly a trillion dollars with minimal impact on creating actual jobs.

Obama's Inflated Jobs Claim.  In a new TV ad, President Obama makes an inflated claim to have added 5.2 million new jobs.  The total added during his time in office is actually about 325,000.

Obama Misleads on Foreign Jobs.  "You are familiar with jobs being shipped overseas because you invested in companies that were shipping jobs overseas," President Barack Obama zinged at Mitt Romney during Monday night's [10/22/2012] foreign policy debate.  The president's line of attack has been found to be misleading and inaccurate.  Furthermore, Obama's policies have helped created jobs overseas by sending U.S. taxpayer dollars to foreign companies.

Obama Is Right.  From the 23 million Americans unemployed or underemployed and the 46 million people now on food stamps, to the decline in workforce participation and the explosion of people on disability, many now realize the fallacy of his reputedly deft decision-making skills.  His claim in the last debate of having created 5 million jobs rings hollow to an electorate seeing fewer people working today than when Obama took office.  Yet, the story he insists on telling America is that he saved us.

Ahead of Election, Obama Stops Releasing 'Stimulus' Reports.  The $831,000,000,000 economic "stimulus" that President Obama spearheaded and signed into law requires his administration to release quarterly reports on its effects.  But "the most transparent administration in the history of our country" is now four reports behind schedule and has so far not released any reports whatsoever in 2012.  Its most recent quarterly report is for the quarter than ended on June 30, 2011.

Why would anyone believe Obama will focus on jobs in a second term?  [Scroll down]  "What I want to do," he said, "is build on the five million jobs that we've created over the last 30 months in the private sector alone."  Even if you accept Obama's absurdly fanciful job numbers, the net effect is an average 166,000 jobs a month, which is far short of the $254,000 jobs needed per month for 5 years just to reach pre-recession levels of unemployment.

Surprise! Jobless claims return to 18-month range.  It's funny what happens to a data series when consistency returns to its collection.  Last week's weekly jobless claims numbers dropped dramatically to nearly a four-year low, but later it was discovered that one large state didn't report all of its claims properly.  This week, the level returns to the same range we've seen since the spring of 2011.

Plant that Received $150m Stimulus Cash Hasn't Produced a Single Battery.  A local Michigan television station reports that workers at LG Chem, a lithium-ion battery plant that received over $150 million stimulus dollars, have so little to do that they spend their days playing cards and board games, reading magazines and watching movies.  And they have yet to make a single battery.

Calif. official whose agency under-reported unemployment stats was Obama campaign donor.  Marty Morgenstern, the secretary of the California agency that substantially under-reported unemployment claims last week, contributed to President Barack Obama's 2008 presidential election campaign, The Daily Caller has learned.

Jobless Claims Hit Four-Month High: Increase 46K to 388K.  It was strange, though, to see last week's jobless claims hit a four-year low right after a counter-intuitive drop in the September unemployment rate — all of this coming just weeks before a presidential election.  But according to the corrupt media, only "truthers" dare question the government, so let's just get to this week's numbers [...]

U.S. Jobless Claims Rise 46,000 on Seasonal Shift.  Jobless claims increased by 46,000 to 388,000 in the week ended Oct. 13 from a revised 342,000 the prior period that was the lowest since February 2008, Labor Department figures showed today in Washington.  The median forecast of 49 economists surveyed by Bloomberg called for a rise in claims to 365,000.

Media Suddenly Muted on Jobless Claims.  This week, jobless claims have soared to 388,000 — a four-month high. NPR explained, correctly, that both changes were largely the result of the fact that California failed to process all of its jobless claims last week and therefore submitted an incomplete report that was rectified this week.  But it did not bother to revisit its cheerleading from the week before, nor did it try to imply broader conclusions about the direction of the economy under Obama.

Memo To Michelle: What A 'Huge Recovery' Looks Like.  A Washington, D.C., hip-hop station host asked Michelle to "in your words, tell us what you think the state of the union is in right now?"  Her answer:  "I mean, we are seeing right now that we are in the midst of a huge recovery.  Right?  Because of what this president has done."  We wholeheartedly agree with the first lady that the current state of the economy is the result of "what this president has done."

Michelle Obama: 'We Are in the Midst of a Huge Recovery'.  First Lady Michelle Obama said in a radio interview on Friday [10/12/2012] that the United States is in the "midst of a huge recovery" because of what "this president has done." [...] According to the Bureau of Economic Analysis (BEA), the real gross domestic product (GDP) increased by 1.3 percent in the second quarter of 2012, down from 2.0 percent from first quarter 2012.  The BEA data also show GDP growth of (negative) - 3.1 percent in 2009; 2.4 percent in 2010; and 1.8 percent in 2011.

Believe it — Employment Numbers Were Ginned.  A couple weeks ago, this column analyzed the inflation rate reported by the Bureau of Labor Statistics (BLS), and concluded that you should rely on your common sense when the government reports questionable statistics.  If they don't make sense based on what you see, experience, and hear from your friends, then they're probably wrong.  Last week's unemployment number — which decreased to a still-dismal 7.8% — should not only make no sense to you, but should have never made sense to the BLS and therefore should never have been issued.

Jobless Claims Data Skewed Downward.  Coming a month ahead of the presidential election, some have suggested that the numbers are being manipulated for political purposes.  Specifically, some supporters of Republican candidate Mitt Romney have accused the Obama Administration of doctoring the numbers to support President Obama's re-election bid.  The White House and the Labor Department have denied the charges.  Because one state left out a chunk of its weekly reports from last week, the jobless claims numbers will likely be revised upward in the coming week.

Obama's Real Unemployment Rate Is 14.7%, And A Recession's On The Way.  The U6 unemployment rate counts only 2.5 million of those 8.2 million who have given up hope and dropped out during the Obama years.  The ShadowStats website, which counts the long term discouraged workers the government doesn't count, reports the total rate for the unemployed and underemployed (part time for economic reasons) as 22.8%.  Of the 12.1 million the government does count as unemployed, a record 40.1% are long term unemployed for more than 6 months.

Jack Welch quits Fortune.  Jack Welch, the former CEO of General Electric who recently suggested the Obama administration had manipulated last week's jobs numbers, has resigned from his role as a contributor to Fortune magazine.  "Welch said he will no longer contribute to Fortune following critical coverage of the former CEO of General Electric, saying he would get better 'traction' elsewhere," Fortune's senior editor Stephen Gandel reports today [10/9/2012].

We've Gotten To The Bottom Of The Mysterious Jobless Claims Report!  We spoke to an analyst at the Labor Department.  According to this analyst, here's what happened:  All states were included in this week's jobless claims.  Assertions that "a large state" was excluded from the report are patently false.  However...  It is likely that some of the jobless claims in one large state — California — were not included in the claims reported to the Department of Labor this week.  This happens occasionally, the analyst says. [...] California claims that were not processed in time to get into this week's jobless report will appear in future reports, most likely next week's or the following week's.

Rush Limbaugh: If Obama Admin Lied About Libya, Why Wouldn't They Lie About Unemployment Numbers?  On his syndicated radio show Wednesday afternoon, conservative host Rush Limbaugh seemingly likened the debacle over the administration's handling of the Libyan attacks to former President Bill Clinton's initial denial of extramarital affairs with intern Monica Lewinsky, and then explained that if the Obama administration was capable of "lying" about the Benghazi consulate attacks then it is not inconceivable that they would also lie about the September jobs report.

More 'Fudged' Employment Numbers from Government?  The mainstream media are ecstatic; National Public Radio proclaimed the headline breathlessly this morning:  jobless claims are at their lowest levels in four years!  New claims fell by an astonishing 30,000 in one week!  It's an unbelievable improvement in the national job market — "unbelievable" being the key word.

The Reality Behind the Labor Numbers.  The unemployment rate does NOT divulge what percent of the civilian population is in the labor force.  As more people become discouraged and quit looking for work, both the unemployment rate and the civilian labor rate fall.  This is what has happened during the last four years. [...] If the percentage of people participating in the labor force were the same today as it was in 2008 (66 percent), and if the employment figures had remained the same, the unemployment rate would be 11.1 percent.

Why September's Unemployment Number is Suspicious.  [Scroll down]  Of course, nothing can be proved.  Rare and improbable events can happen.  It's possible that an event that is expected to occur only once about every 700 years happened to occur for the first time in 65 years just one month before a presidential election.

Obama Makes Miracles Happen.  This latest miracle of miracles has Obama creating a precipitous rise in part-time workers suddenly finding employment.  Talk about loaves and fishes!  Almost 600,000 more people found part-time work than one month ago, a stunning 7.25 percent increase in part-time work month-over-month.  And how do government economists provide this miracle data for Saint Obama?  By polling.

Time to Investigate the Bureau of Labor Statistics.  [Scroll down]  The BLS also reported on Friday [10/5/2012] that the number of full time jobs actually declined last month by 216,000.  Thank you, President Obama.  You are doing a great job.  Socialism is finally working.  Forward.  Why would we ever consider turning back now?  So how did the reported unemployment rate fall to 7.8%, down from 8.1% in August, and 8.3% in July?  That is because the BLS (might consider dropping the L) also reported that the separate Household Survey, on which the unemployment rate is based, found a giant 873,000 jump in jobs last month, the biggest one month increase in nearly 30 years!

The 'Real' Unemployment Rate Is Still Really Lousy.  If you have doubts about the official jobless rate, there's another rate you can check out instead — the "real" unemployment rate, which measures everybody considered unemployed plus a lot of others who are falling through the cracks.  The government calls this the "U-6" rate, and it has become a source of considerable intrigue lately.  Some critics of President Obama contend that the government keeps the "real" rate a secret, because it reveals an economy that's in far worse shape than the official unemployment rate suggests.

The Private Sector is Not Doing Fine.  President Barack Obama famously blamed the bad economy on a struggling public sector, but a new Bureau of Labor Statistics (BLS) report shows that the issuance of pink slips has slowed among government workers while jumping across much of private industry.  In August, nearly 1.8 million private sector employees were laid off — up nearly 300,000 from July and nearly 100,000 from August 2011.  Those layoffs came just two months after Obama proclaimed that "the private sector is doing fine" and attributed struggling job creation to government layoffs.

Santelli Smells A Rat: 'I Told You They'd Get It Under 8% — They Did!'.  Rick Santelli, the man who helped launch the Tea Party with his impassioned comments from the trading floor in 2009, sees the hand of politics at work in today's [10/5/2012] announcement that the unemployment rate has dipped below 8%.  Speaking on CNBC's Squawk Box this morning just minutes after the number was announced, Santelli said:  "I told you they'd get it under 8% — they did!"

Meet the Obama Donors at the BLS.  At least two economists at the Bureau of Labor Statistics (BLS) have contributed to President Barack Obama's campaign. Harley Frazis of Bethesda, MD, has contributed at least $2,000 to Obama and $9,000 to the Democratic National Committee over the last three election cycles.

Jack Welch: I Was Right About That Strange Jobs Report.  Let's get real.  The unemployment data reported each month are gathered over a one-week period by census workers, by phone in 70% of the cases, and the rest through home visits.  In sum, they try to contact 60,000 households, asking a list of questions and recording the responses. [...] Even if the BLS had a perfect process, the context surrounding the 7.8% figure still bears serious skepticism.

Jack Welch insists jobs figures ARE dodgy and attacks Obama supporters for acting like communists.  A defiant Jack Welch, the former CEO of General Electric, today maintained that the September jobs report, which saw unemployment drop to 7.8 percent, is 'downright implausible' and blasted criticism of him from Obama backers as reminiscent of Communist China.

Jobs Report Met with Skepticism.  "The big jump in the household survey is certainly a welcome sign.  But take this data with a grain of salt, especially considering the volatile reputation this data point holds," writes the Wall Street Journal.  "No way in the world these numbers are accurate," said Ed Butowsky of Chapwood Capital Investment on Fox Business.  "Somebody needs to do an investigation. ... Investigate these numbers."

A Couple of Thoughts On President Obama.  The unemployment numbers came out Friday and the rate dropped from 8.1 percent to 7.8 percent.  Although that sounds like progress, it didn't happen because people actually found jobs — only 114,000 did so in September, which isn't enough to keep up with population growth.  It was because the Bureau of Labor Statistics "found" jobs that were created months ago.

Economist: Unemployment drop 'implausible ... a statistical quirk'.  This a jobs recovery built on part-time jobs, falling wages, and disappeared discouraged workers.

October Employment Report: What Really Happened?  The key to the change in the unemployment rate is the fact that there were a lot of people who reportedly found part-time work.  Bloomberg highlights this fact in writing[.]  Some 582,000 Americans took part-time positions because of slack business conditions or those jobs were the only work they could find.

Here's The REAL Reason The Unemployment Rate Has Fallen So Much This Year.  Whereas the headline unemployment rate has dropped from 8.5 percent to 7.8 percent this year, if there were the same number of people looking for work today, as there were in December 2011, the unemployment rate would have only dropped from 8.5 percent to 8.35 percent today.

Goldman Drops A Bomb On People Who Think The Unemployment Rate Was Cooked.  [Scroll down]  But here's the thing.  This is not technically a measure of job creation.  It's a monthly survey of employment that's fairly volatile, and as Ezra Klein notes, this kind of one-month drop in unemployment is not that unusual.

Dishonest Unemployment Numbers.  [Scroll down]  Well, in proper context, 144,000 new jobs creating a 0.1% decrease in unemployment in 2004 does not explain how 114,000 new jobs makes for an even larger drop in unemployment with an even larger population in 2012.  If we were really seeing an authentic drop in unemployment, that would be cause for celebration.  But these new numbers and their illogical implications represent cause for inquiry and alarm.

Why the unemployment rate won't keep dropping.  The numbers come from a survey of individuals.  The unemployment rate can go down because more people have jobs.  Great.  But it can also go down if a growing number of people say they have given up looking for work.  Not so great.  And for much of the past year the bulk of the reason for the drop in the unemployment rate, which peaked at 10% in late 2009, has been the shrinking workforce.

The figures are debatable and the recovery is dubious.  [Scroll down]  But conspiracy theories aside, there are two problems with the administration's report.  First, there's the question of what figure to use to calculate employment levels because there are two data sets available.  One is the establishment survey, which is based on payrolls and puts the jobs gained at 114,000 — an unusually low number for this time of year.  The second is the household survey, which is based on what people say they are doing at the moment.  The household survey puts the jobs gained at 873,000 — an unusually high number for this time of year.

The October Surprise.  I was stunned into silence by this morning's ridiculous unemployment report, showing a magical drop in the unemployment rate from 8.1% to 7.8% despite not one single other economic or employment indictator suggesting that such a gain was possible.

Media Jobs Distorters Worse Than Truthers.  Predictably, skeptics about the federal jobs numbers released yesterday are being labeled as "jobs truthers" in many quarters.  Those alleging a flat-out conspiracy are being treated as nutcases.  As Politico notes, even some Republicans are trying to throw cold water on the theories being floated that assert the unemployment rate is only declining because of an effort to cook the figures to benefit President Obama.

Surprise! Unemployment Suddenly Under 8%!  [T]his White House has had more credibility problems than Lindsay Lohan.  The Internet video killed our ambassador, GM is doing just fine (but no, we can't let the government sell its stock because the taxpayers would take a bath), Iran won't get The Bomb, the world will love America because Obama had a Muslim father who became an atheist.  And last but not least — if anyone disagrees they have to be a racist!  Unemployment makes it under 7.8% the month before the election?  Surprise, surprise, surprise.

October Surprise? Unemployment Rate Tumbles Amid Questions.  After a week of setbacks to his campaign (Biden's gaffe of the week and the miserable debate performance), President Barack Obama woke up to a 7.8% unemployment rate, a gift to his campaign to be sure.  This rate is the lowest it has been since Obama took office.  But, is this 7.8% unemployment accurate and do average Americans benefit?  The answer is no, not really. [...] The fact remains that one year ago when we had 9% unemployment, we actually had 2,680,000 more Americans in the labor force.  Essentially, that means that over 2.5 million workers have given up looking for work since last year.

Labor Secretary Solis Misleads on Jobs Revisions.  Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming — falsely — that upward revisions of 86,000 jobs were from the private sector.  In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.

Even If Obama Did Cook The Jobs Numbers, They Still Stink.  So let's leave aside the fact that the BLS numbers suggest that while the economy created just 114,000 jobs in September, the number of people employed somehow rocketed up by 873,000 and the number of unemployed plummeted by 456,000.  And let's also ignore the fact that this "employed" number has jumped that high only four times in the past 64 years (not counting jumps resulting from changes in "population controls" used by the BLS).  And that every other instance was during a period of powerful economic growth.  It's also all perfectly innocent, we're sure, that as a result of these odd numbers, the jobless rate just happened to fall back down to 7.8%, right where it was when Obama took office, providing him good economic news just when he needed it the most.

Unemployment rate drops, but enthusiasm fades fast.  [Scroll down]  Meanwhile, a separate critical measure of the nation's job market remained unchanged last month.  The U-6 data which takes into account not just those who are unemployed and looking for work, but also those who want a job but aren't looking and those can only find part-time jobs remained stuck at 14.7 percent.

1,035,000: Construction Jobs Lost Under Obama.  When President Barack Obama signed his economic stimulus legislation on Feb. 17, 2009, he said that one impact of the act would be to create jobs for 400,000 people building and rebuilding the nation's infrastructure.  But despite a price tag that the Congressional Budget Office now says was $833 billion, the economic stimulus of February 2009 did not create 400,000 new construction jobs.

Labor secretary 'insulted' by claims job numbers were rigged.  Labor Secretary Hilda Solis said she is "insulted" by charges Friday [10/5/2012] from conservatives saying the Obama administration manipulated September's jobs report to boost the president's reelection chances.  Solis said the claims — by Rep. Allen West (R-Fla.) and former General Electric Chairman Jack Welch — that her department fudged the employment numbers were "ludicrous."

Fuzzy Math?: CNBC Describes New Unemployment Numbers as 'Contradictory'.  As soon as ex-General Electric CEO Jack Welch fired off a tweet questioning today's just released "unbelievable jobs numbers," the media went into a frenzy talking about how "conservatives" were launching conspiracy theories.  Well, that's handy for the media and the Obama campaign, but it's not just "conservatives" who are confused by a full 0.3% drop in unemployment when only 114k jobs were created.

Jack Welch Says White House Games the Jobs Data.  Jack Welch used his Twitter account to challenge the Obama administration over the surprise drop in the September U.S. unemployment rate, saying the data were manipulated for political gain.  "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," the former General Electric Co. chief executive officer said in a message posted immediately after the U.S. Labor Department reported that the unemployment rate fell to 7.8 percent last month, the lowest since President Barack Obama took office in January 2009.

U.S. Jobless Rate Unexpectedly Falls to 7.8%; 114,000 Jobs Added.  The unemployment rate in the U.S. unexpectedly fell to 7.8 percent in September, giving President Barack Obama's re-election campaign a boost a month before the election.  The economy added 114,000 workers last month after a revised 142,000 gain in August that was more than initially estimated, Labor Department figures showed today in Washington.

Hillary: 'Loosen Regulation' Because 'Too Many People Still Can't Find Jobs' — In Tunisia, Egypt, Libya.  Speaking to a group of foreign ministers from Arab nations at the Waldorf Astoria Hotel in New York on Friday, Secretary of State Hillary Clinton expressed support for loosening regulations, particularly on small businesses, because "too many people still can't find jobs" — in Tunisia, Egypt and Libya.

Workers give up in Los Angeles.  In Los Angeles, the falling unemployment rate is slightly misleading, just as it has been for the country overall.  When surveyed by the government, fewer L.A. residents say they're unemployed compared to a year ago.  But it's not because they're finding jobs.  It's because they're dropping out of the labor force altogether.

Oops Report spills the beans on jobs numbers.  [Scroll down]  The biggest fudge factor in the monthly employment report that everyone watches is a guesstimate for newly formed companies that [the Department of] Labor can't count but assumes exist.  So in almost every month Labor adds a generous number of jobs to its report for these possibly nonexistent jobs.  Even if these newborn companies do exist, austerity may be keeping them from hiring quite the number of people as Labor thinks.

Meet America's Hidden Unemployed: The Workers So Discouraged, They Don't Even Count.  Economists, analyzing government data, estimate about 4 million fewer people are in the labor force than in December 2007, primarily due to a lack of jobs rather than the normal aging of America's population.  The size of the shift underscores the severity of the jobs crisis.  If all those so-called discouraged jobseekers had remained in the labor force, August's jobless rate of 8.1 percent would have been 10.5 percent.

More unemployment statistics for dummies.  Generally, we don't like it when our president callously spouts bald-faced lies at us... but that's exactly what the current president does on a daily basis. [...] His biggest lie is about the unemployment situation. [...] For example, the July numbers also included another 52,000 jobs added by this adjustment.  If you're keeping track, the official announcement of 163,000 jobs gained was actually 266,000 jobs lost.  Under Obama there's been a massive increase in Social Security disability rolls.  Those people — 5.9 million since he became president — are automatically subtracted from the labor force making the unemployment rate look better.

Top 10 bad economic signs for Obama.  [#1]  Unemployment rate:  Despite his promise that the nearly $1 trillion 2009 economic stimulus would get America working again, the unemployment rate has been above 8 percent for 43 straight months.  The current 8.1 percent jobless rate woefully understates the reality of problem.  When taking into account people working part-time who want a full-time job and those who have given up looking for work, the rate is over 15 percent.  Add in recent college graduates working at McDonald's at the rate tops 18 percent.

Another Thursday, Another Unemployment Claims Misdirection.  Both the headline and opening sentence at Christopher Rugaber's Associated Press report on today's [9/20/2012] unemployment claims release from the Department of Labor tell readers that initial unemployment claims fell by 3,000 during the most recent week.  Though Rugaber acknowledged that last week's initial figure was revised up, he didn't say by how much (3,000, from 382K to 385K), and of course didn't note that based on the track record of the past year, there's a 98% chance that this week's figure will also be revised up.

BLS: Obama Unemployment Rate Above 8% Longer Than Any Other President Since 1948.  Excluding January 2009, the month when Barack Obama was inaugurated, unemployment has stayed above 8 percent, which is longer than under any other administration since the Bureau of Labor Statistics (BLS) started measuring the monthly jobless rate:  Over 8 percent for 43 months during Obama compared to a total of 39 months above 8 percent between 1948 and 2008.

The sun never sets on Obama's failures.  [Scroll down]  Our country is not well.  The Census Department says median income continued to fall in 2011.  A separate analysis found that incomes are down almost 5 percent since the Obama "recovery" began — illustrating that, despite what Bill Clinton might say, the Obama recovery is not a recovery at all.  The drop in the unemployment rate from the recession high of 10 percent to the current 8.1 percent can be ascribed entirely to the decline in labor participation.  Studies find that a majority of the jobs the economy has created are low paying.

The Media and Obama are Taking Us Down the Rabbit Hole.  To re-elect Barack Obama, the media has a long list of what they expect us to believe. [...] The media expect us to believe that those millions who have stopped looking for work must really not want to work.  The media expect us to believe the unemployment numbers aren't rigged.  The media expect us to believe that we just have to pay $4.00 a gallon for gas.  The new normal.

Regulatory Tsunami To Hit Business If Obama Wins Second Term.  A Gallup survey earlier this year found that almost half of small businesses cite worries about new government regulations as a reason they're not hiring.

Not on the job
Four Simple Charts to Share With Friends, Family Members, Neighbors and Colleagues.  If you know someone disconnected from politics, unmotivated to vote, or otherwise sitting on the fence, please share with them [this article's] four graphs.  And then ask them one simple question...

Jobless Claims Jump to 382K; Two Month High.  The number of Americans seeking unemployment benefits jumped to a seasonally adjusted 382,000 last week, the highest level in two months.

Obama in the Buff.  [President Obama's] promises to create 5 million green energy jobs have come to nothing, as has his pledge to cut the deficit in half by the end of his first term, but who in the national media is pointing that out?

How Poor is "Poor"?  The rise in poverty from 36.4 million in 2006 to 46.2 million in 2011 was due initially to the recession and now to the failure of the Obama administration to restore jobs in the economy.  According to the Census Bureau, some 11 million more adults are without work today than before the recession began.  This number has been getting worse year by year.  Similarly, roughly 8 million fewer Americans work fulltime through the year.

Unemployment would be 11.2 percent if the labor force were the same as when Obama took office.  Last Friday's jobs report does not tell the whole unemployment story, according to American Enterprise Institute blogger and CNBC contributor James Pethokoukis.  He writes, "If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.2%."

Obama's Next Big Bounce May Be Out Of Office.  The bounce expected from Barack Obama's Democratic Convention speech collapsed the following day under the reality check that the current unemployment figure is 8.1%.  And 40.7% of those people have been out of work for 27 weeks or more.  Those numbers tell only a small part of Obama's failure to deliver on his promises.  The real unemployment figure is closer to 19%.  The official count doesn't include the 8 million unemployed who have given up and stopped looking for a job, the people who have had to settle for part-time work, those who had to take lower-paying jobs that are well below their qualifications or the 11 million who are out of the workforce collecting Social Security disability checks.

Study: Recovery For Burger-Flippers Only.  According to new analysis of unemployment data by the National Employment Law Project, while 60 percent of the jobs lost during the 2008-2009 financial crisis were in middle income occupations, the vast majority — 58 percent — of jobs created under President Obama are low-wage.  Those jobs include "retail sales, food preparation, home health and customer service."

In a second term, Obama would offer more hope, little change.  Obama's problem is entirely of his own making.  He has spent four years overpromising and underdelivering.  The word "stimulus" never appeared once in any of the convention speeches.  But when the stimulus passed, Obama's economists promised that unemployment would drop below 6 percent by August 2012.  In 2010, the Obama team heralded "Recovery Summer," with Biden announcing:  "We have turned this economy around."  Instead, the jobless rate has stayed above 8 percent for 43 consecutive months, a modern record.

Real Unemployment at 19%.  When you include the underutilized labor figure with the eight million Americans who have lost hope altogether and stopped looking for a job, real unemployment now stands at just under 19 percent.  If the labor force were the same as when President Obama took office in January 2009, the unemployment rate reported on Friday [9/7/2012] would be 11.2 percent.

Un-Spinning Jobs Numbers.  I detect some confusion in the electorate regarding jobs numbers.  Obama claims he created 4.5 million private-sector jobs.  His critics claim he lost 4 million.  Are we better off than four years ago?  Fact-checkers, shockingly, aren't helping us sort this out very well.  So let me try.

Those Jobless Numbers Are Even Worse Than They Look.  Don't be fooled by the headline unemployment number of 8.1% announced on Friday.  The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.  The number for August reflects only people who have actively applied for a job in the past four weeks, either by interview or by filling an application form.  But when the average period of unemployment is nearly 40 weeks, it is unrealistic to expect everyone who needs a job to keep seeking work consistently for months on end.  You don't have to be lazy to recoil from the heartbreaking futility of knocking, week after week, on closed doors.

White House broken record: Don't 'read too much into' bad jobs numbers.  Friday morning [9/7/2012], after word came that the economy added just 96,000 jobs in August — while 368,000 people left the work force, too discouraged to keep looking for a job — the White House faced its monthly challenge: How to soften the impact of terrible news on the employment front?  The answer is by warning Americans "not to read too much into any one monthly report."  Perhaps the bad news is an anomaly, Council of Economic Advisers chairman Alan Krueger warned Friday.  Of course, Krueger said the same thing last month.  And the month before.  And the month before.

Lost Middle-Class Jobs Being Replaced by Burger-Flipping and Retail Gigs.  There's been a lot of talk in recent years about the "hollowing out" of the American middle class.  A new study by the National Employment Law Project (NELP) confirms the troubling trend.  NELP broke down jobs into low- middle- and high-wage groups based on median incomes.  Looking at the period from early 2008 through the first quarter of 2012, the study found:
  •   "High-wage" occupations accounted for 19% of the jobs lost during the Great Recession and 20% of the jobs gained during the recovery.
  •   "Mid-wage" occupations suffered 60% of job losses during the recession but only 22% of the growth during the recovery.
  •   "Low-wage" occupations accounted for 21% of the losses and a whopping 58% of the growth.

Democratic Platform: Obama 'Rescued' Auto Industry — GM, Chrysler ... and Ford?  According to the Democratic Party platform, President Obama rescued Detroit's Big Three automakers — GM, Ford and Chrysler — leading to their recovery and resurgence.  However, the claim flies in the face of the fact that one of the Big Three — Ford — managed to turn things around by itself, without taking federal help.

Young adults drop out of the job market.  The drop in the unemployment rate in August isn't particularly good news for the economy — it's driven mostly by nearly 400,000 people dropping out of the labor force, rather than more people finding jobs.

Why Blame Obama?  Let me count the ways. [...] When the dust clears, the CBO expects TARP to cost taxpayers $32B.  Who got that money if banks didn't?  General Motors, Chrysler, and "mortgage programs."  But GM and Chrysler went bankrupt anyway.  The U.S. auto industry was not "saved."

The Low-Wage Jobs Explosion.  Sure, the economy is adding jobs these days ... but most of those positions pay pretty poorly.  Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project.

Axelrod To Wallace: Americans 'In A Better Position Than We Were Four Years Ago'.  Appearing on Fox News Sunday this morning, President Obama's senior adviser David Axelrod told host Chris Wallace that he believes Americans are better off today than they were four years ago.  "Can you honestly say that Americans better off today than they were four years ago?" Wallace pointedly asked Axelrod.  "I can say that we're in a better position than we were four years ago in our economy, in the sense that when this president took office, we were losing 800,000 jobs a month," Axelrod responded.

Obama lied about Janesville GM auto plant, not Ryan.  [Scroll down]  In other words, everything Paul Ryan said was true:  He pointed to Obama's own lofty promises about the plant being open for the next "100 years" if he were elected and contrasted it with the reality of a shuttered factory locked up and empty to this day.  It was Obama who lied to Janesville workers.  Ryan told America the truth.

Why Labor Force Participation Has Fallen During the Recession.  The drop in unemployment since 2009 is almost entirely due to the fact that those not looking for work do not count as unemployed.  Demographic factors explain one-fifth of the decreased labor force participation.  The rest comes from increased school enrollment and more people collecting disability benefits.  Six percent of U.S. adults are now on disability insurance.

Jobless claims hold steady.  The number of people filing for their first week of unemployment benefits was unchanged last week, following three straight weeks of increases, the government said Thursday [8/30/2012].  The Labor Department said 374,000 people filed first-time jobless claims in the week ended Aug. 25.  That was slightly more than the forecasts of economists surveyed by Briefing.com.  The previous week's reading was raised from the initially reported 372,000.

FACT: Obama is still a net job killer.  On the stump, President Obama likes to claim, "Over the last three and a half years, we've created 4.5 million new jobs."  This is actually false.  According to the latest Department of Labor data, even measuring from the depths of the recession, only 4 million jobs have been created under Obama.  What Obama probably means is that the economy has created 4.5 million private sector jobs since the recession bottomed out.

Obama's Latest Whopper: He Created More Jobs Than Reagan!  Where are those allegedly unbiased fact-checkers when you need them?  Like this week and the fantastic fib that Obama's deputy campaign manager told about job growth under the current president. [...] You'd think that if the Obama campaign wanted to peddle outright fabrications, they'd at least do it so they weren't so easily debunked.  Not that the mainstream press, so deep in the tank for Obama, will bother.

Labor Secretary Cheers Youth Unemployment Rate of 17.1 Percent.  Labor Secretary Hilda Solis cheered a slight decline in the youth (16-24) unemployment rate, saying that it was a sign that the job market was improving for America's young people. [...] Solis' statement marked the release of the Bureau of Labor Statistics' annual youth unemployment report.  Solis said that the report showed positive signs for young job seekers, noting that the youth unemployment rate had fallen to 17.1 percent over the past two years.

Number Of Unemployed Vets Drops — But, the Number Employed Fell Even More.  Yes, according to the Bureau Of Labor Statistics, the total number of unemployed veterans and spouses is down 223,000 from last year (July 2011 to July 2012).  But, the number of EMPLOYED veterans and spouses is down even more — falling 239,000 — over that same time period.  How?  Well, 462,000 veterans and spouses have dropped out of the labor force (10,925,000, down from 11,387,000) — and their labor force participation rate fell from 52.7% to 51.6%.

Obama, Holder Sledgehammer the First Amendment.  Twice this summer, Gallup has published a report calling into question discrepancies between its unadjusted research and what is being tallied in the adjusted O-fficial statistics. [...] In other words, Gallup said the only way unemployment numbers don't go up next month is if someone in Obamaland puts a finger on the scale.

DNC to Promote 'Success' of Auto Bailout.  President Barack Obama claims the $82 billion auto bailout "created or saved" one million jobs.  But this is the Administration that claimed the $1 trillion so-called "Stimulus" bill "created or saved" jobs — in non-existent Congressional districts.  The administation spent $80 billion on "green jobs" — but couldn't define what a "green job" was.  And when they finally started defining it — counted things like oil industry lobbyist, bus driver and garbage man.  Suffice to say, President Obama and his Democrat cohorts have a long history of being... disingenuous.  And having a great deal of difficulty with math.

The Democrats plan for 9 percent unemployment.  The Congressional Budget Office released its Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022 today [8/22/2012], showing that if Congress and President Obama do nothing to stop Taxmageddon and the sequester unemployment will rise to 9.1 percent next year.  Sounds bad right?  But guess what?  This is the preferred plan of a growing number of Democrats.

Phantom jobs are really scary.  I'm still waiting for a reasonable explanation from the Labor Department on why it decided that so many brand-new businesses were suddenly creating so many new jobs in July.  If you missed it, I analyzed Labor's latest employment numbers last Saturday [8/4/2012] and found that its total of 163,000 new jobs for July included 52,000 phantom jobs.

BLS: unemployment rose to 8.3 percent in July.  The U.S. unemployment rate rose to 8.3 percent in July as the economy added 163,000jobs, the Bureau of Labor Statistics (BLS) reported Friday [8/3/2012].  The real unemployment, which includes frustrated job seekers and underemployed part-time workers, rose to 15 percent, up half a percentage point from April.  The labor force participation rate, at 63.7 percent, remained near its lowest level in 30 years.

Obama's Real Unemployment Rate Is In Double Digits.  No sooner had the numbers come out than President Obama was standing at a podium before the cameras, claiming credit for the job growth and again blaming former President Bush for the bad state of the economy.  "This morning we learned that our businesses created 172,000 new jobs in the month of July," he said.  "That means that we've now created 4.5 million over the last 29 months and 1.1 million new jobs so far this year."  But "we" haven't in fact created any jobs.  As a matter of fact, since Obama has entered office, some 1.1 million payroll jobs have disappeared.

I don't believe 'em.  I've long believed the Labor Department's monthly employment statistics are horribly inaccurate.  So bad, in fact, that they are hardly worth compiling.  But I never thought the numbers were fudged — until now.  The government reported yesterday [8/2/2012] that 163,000 jobs were created in July and that the unemployment rate rose by 0.1 percentage points to 8.3 percent.  Those 163,000 new jobs beat the experts' estimates by a lot even though the July growth was still so moderate that it would barely absorb the number of new workers trying to enter the labor market for the first time.

Obama's Calculated Deception.  Contrary to the Obama campaign's misleading claim of 4.4 million new jobs created, total jobs today are still half a million less than in January 2009 when Obama entered office.

Unemployment rises, WH calls it 'evidence' of recovery.  President Obama's top economic aide described the July jobs report — which shows a small increase in the national unemployment rate — "further evidence" that the economy is recovering. [...] He made the White House's oft-repeated caveat that "it is important not to read too much into any one monthly report," but offered today's numbers as a ratification of Obama's policies.

Jobless Rate Rises, Government Says 'Essentially Unchanged'.  With a rising unemployment rate set to dent President Barack Obama's re-election efforts, the mainstream media is about to go into full-spin mode.  They can take their cues from the Bureau of Labor Statistics itself, which announced that the jobless rate had risen from 8.2 to 8.3 percent in July but called the result "essentially unchanged."

Those Perennially-Crumbling Roads and Bridges.  Just about a year ago, I observed that no matter how much the federal government spends on "infrastructure," we still get predictable cries that "we need to do something about our crumbling infrastructure."  The need to fix "crumbling roads and bridges" a perennial rallying cry in President Obama's speeches, even though he touts the stimulus as "the largest new investment in our nation's infrastructure since Eisenhower."  The government spends enormous sums of money, but there's never any sign of it having an impact, at least in the rhetoric of those who want to spend more.

Former Obama Backer: 'Secure Job' the New American Dream.  In 2008, billionaire publisher and real estate mogul Mort Zuckerman supported Barack Obama. [...] Mr. Zuckerman catalogues the economic carnage under Obama:
  •   "Job seekers are only one third as likely to find a job as before Obama was elected.  A record number have been out of work for over six months."
  •   "Fewer Americans are working today than in the year 2000, despite the fact that our population has grown by 31 million and our labor force by 11.4 million since then."
  •   "All the net jobs created during the Obama administration have been part-time jobs.  An estimated 35 million Americans are trapped in jobs they would have left in better times."
  •   "The unemployment rate under President Obama has averaged over 9 percent.  Under George W. Bush, his predecessor, the jobless rate averaged 5.3 percent and was at 6.8 percent in the month his party lost the 2008 election."

Great News Everyone! Obama's Plan Worked... According To Obama.  If you think consistently high unemployment and trillion dollar deficits are good things, you're in luck.  In fact, everything's coming up roses, according to Obama.

Obama on the economy: 'We tried our plan — and it worked'.  Discussing his economic policies at a fundraiser in Oakland, California, last night, President Obama, told supporters that "we tried our plan — and it worked."  "We tried that and it didn't work," Obama said of Mitt Romney's proposed tax cuts and spending cuts, which he dismissed as a Bush-style "top down" economic policy.  "Just like we've tried their plan, we tried our plan — and it worked," he added later in the speech.  "That's the difference.  That's the choice in this election.  That's why I'm running for a second term."  Obama made these comments in Oakland, where the unemployment rate was 13.7 percent in May 2012.

It depends on what the plan was.
Obama, After Three Years of High Unemployment: 'We Tried Our Plan — and It Worked'.  Speaking to supporters in Oakland, CA, President Obama declared that his economic policies are already proven successes. [...] The president mentioned the auto bailouts, and it's reasonable to conclude that he is also discussing the two signature pieces of legislation he has signed into law, the 2009 stimulus and ObamaCare.  Both were sold as plans to remedy the ailing economy.  Obama also sought to convert the US energy economy from fossil fuels to "green" technology, with a promise of job creation to go along with that.  The administration promised that the stimulus would knock unemployment down to about 5.5% by now.  It has not even come close to that mark.

The Artificial Eight Percent Unemployment Rate is Immaterial.  Historically a sitting president's chances for reelection are nil when the unemployment rate exceeds the eight percent threshold.  More significant to the present situation however is the fact that the ostensible improvement in the nation's employment debacle is clearly contrived.  The books are being juggled to a degree that makes Enron accounting look downright virtuous.  Yet nowhere among the nightly news anchors is it suggested that such manipulations coming from the highest levels of the federal government might be a breach of the peoples' trust, or more accurately, evidence of a political strategy based on total deceit.

Former DNC Chair Howard Dean Says Economy "Getting Stronger" Despite Evidence To the Contrary.  Former DNC chairman Howard Dean, appearing on CNBC, reinforced the notion that the Obama campaign is out of touch with reality when he said that "by every measure our economy is getting stronger," despite government reports showing exactly the opposite.  Dean admitted that the economy may not be growing as fast as we want, but he said it's doing just fine.  That's what the Obama campaign wants voters to believe, but government statistics released last week paint a very different picture.

U.S. 'Drowning In Unemployment,' Says Federal Reserve Member.  On Friday [9/28/2012], Dallas Federal Reserve President Richard Fisher said the U.S. is "drowning in unemployment" and that the Fed's monetary easing was not the solution; certainty on taxes and regulation are what's needed to jump start hiring.

Ten Pieces of Bad Economic News the Media's Covering Up.  Except for number ten, all the bad economic news below came out this week — much of it today [7/19/2012].  And this explains why the corrupt media is making all of our eyes glaze over as they enter day 11,485 of demanding Romney release his tax returns and Bain-Bain-Bain.  By focusing on nonsense and on Romney, the media can protect Obama from what you see below — which is an economy and Americans in very real trouble.

The Latent Function of Welfare Un-Reform.  There has been much gnashing of teeth over the fact that the Obama Administration's recent decree on welfare reform means that practicing yoga or bed rest would count as work for purposes of admitting people to welfare rolls, but there well may be another purpose of the action — intended or unintended. [...] So, clearly, a latent function, or goal, of the actions is the reduction of the unemployment rate — if you're not seeking work but engaged in the "work activity" of bed-rest and are collecting welfare because of that status, you are no longer unemployed.

Obama's jobs panel is a sham and a farce.
President Obama's jobs panel missing in action.  President Barack Obama's Jobs Council hasn't met publicly for six months, even as the issue of job creation dominates the 2012 election.  At this point, the hiatus — which reached the half-year mark Tuesday — might be less awkward than an official meeting, given the hornet's nest of issues that could sting Obama and the council members if the private-sector panel gets together.

Obama's White House jobs council fraud.  The president can't manage his own White House jobs council.  The community organizer who never had to account for how well the community was organized can't even manage his own creation. [...] Revelations about the comical neglect and disintegration of the White House jobs council come immediately after the president said he didn't think building a business was much of an accomplishment anyway.  His jobs council hasn't met in six months and doesn't have plans to meet again in the near future.

Obama Hasn't Received His Daily Economic Briefing Since April 2011.  If you look at Barack Obama's calendar for 26th of April, 2011 you will see on his schedule at 10 AM "The President receives the Economic Daily Briefing," after that nothing. According to the daily schedule released by the White House, Barack Obama hasn't received his "daily" economic briefing for the past 15 months.

The congresswoman is correct.  This article is posted here because AT LAST even Democrats are admitting the official numbers are wrong.
Democratic congresswoman: Unemployment worse than 8.2 percent.  Participation in the Supplemental Nutrition Assistance Program, or food stamps, continues to increase despite reported decreases in unemployment.  According to Connecticut Democratic Rep. Rosa DeLauro, however, the reason behind the swelling food stamp rolls is that unemployment is worse than the 8.2 percent reported earlier this month by the Bureau of Labor Statistics.

History destroys claims for Obama jobs plan.  The most common excuse President Barack Obama offers for the nation's continuing economic woes is that those blasted Republicans in Congress are obstructing him from passing new "stimulus" bills that they know would instantly revive job growth.  On MSNBC and in the comments section of media websites, this argument is repeated, with GOP lawmakers called saboteurs, traitors, racists and worse.

You Didn't Sweat, He Did.  "If you've got a business, you didn't build that."  If the World's Greatest Orator turns out to be a one-term president, it is likely to go down as the most memorable utterance of his career.  Mitt Romney certainly hopes that happens.

"You didn't build that?!"  Once again Barack Obama has demonstrated that he doesn't have a clue about how America works. [...] Obama claims that anyone in the US who runs a successful business has not achieved that success on his or her own volition, but instead has to thank the government for making that success possible.

Obama Insults Small Business Owners.  President Obama insulted small business owners during a campaign stop in Roanoke, Va. on Saturday [7/14/2012].  "If you've got a business — you didn't build that," Obama told the crowd.  "Somebody else made that happen."  President Obama said successful Americans did not become successful on their own — they had help.  "If you've been successful, you didn't get there on your own," he said.  "You didn't get there on your own."

The Editor says...
Wait a minute — let's talk about the businesses that Barack H. Obama has built over the years.  Oh yeah, I remember now.  He has never built or managed a profit-motivated business in his life.  Not so much as a hot dog stand.  When it comes to small business in America, Obama has no room to talk and no experience to draw upon.

President Obama — Public Employee #1.  President Obama gave a speech last weekend that was so utterly out of touch with American values, so clueless as to how things work in this country, that I have to add a few footnotes to his performance.

Obama's Socialist Mantra: Risk Takers Are Free Riders.  The unbridled disdain President Obama has for the entrepreneurs who work hard and risk everything was made plain when he told supporters in Roanoke, Va.:  "If you've got a business — you didn't build that.  Somebody else made that happen."  This was stunning news and a colossal slap in the face to the millions of small-business owners who get up every day and by the sweat of their brow and the drive of their ambition still pursue the American dream in spite of the obstacles and hurdles this administration has put in front of them.

Barack Obama says government invented the internet and the American Dream is a fantasy.  Of course, capitalism is a team sport.  But the idea that an individual's merit is the product or property of the community is the antithesis of the pioneer spirit.  On Sunday [7/15/2012], President Obama gave us a fascinating insight into his alternative philosophy.  In a speech to supporters, he said that business leaders owed the government more money in taxes because it was the state that made their success possible.

The real 'outsourcer': Obama sends jobs fleeing.  As President Obama was attacking Mitt Romney for supposedly "outsourcing" jobs when he ran Bain Capital (a charge disputed by The Washington Post's fact checker), tens of thousands of Americans were fleeing the Obama economy to find work in Canada. [... According to Reuters,] "Government figures show that Canada issued 34,185 temporary work permits to Americans last year, just shy of the record 35,060 handed out in 2010, and officials expect that number to keep growing."  Why will it keep growing?  Because the U.S. job market is not growing, while Canada's is.

How the Democratic Media Spin the News.  This morning I participated in a media phone call organized by the Romney campaign.  It was led by John Sununu and focused on President Obama's astonishing claim that "If you got a business — you didn't build that.  Somebody else made that happen."  Sununu was joined by four small business owners.  Sununu was nuclear.  He said that Obama's comments show three related things:  1) The President doesn't understand how America and business work.  No wonder his administration has failed to create jobs.  2) Obama's crony capitalism:  he thinks the way to create jobs is for the government to pick winners and losers, and slide money to Obama's bundlers and allies.  3) Obama's attitude toward small business also reflects where he comes from, the "murky political world" of Chicago where politicians and felons are interchangeable.

Obama's Class-Warfare Rhetoric Demonizes Success.  Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama.  On Monday [7/9/2012], for example, he said that Republicans "believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth."  Let us begin with the word "spend."  Is the government "spending" money on people whenever it does not tax them as much as it can?  Such convoluted reasoning would never pass muster if the mainstream media were not so determined to see no evil, hear no evil and speak no evil when it comes to Barack Obama.

Job creation numbers exclude job losses due to higher energy prices.
Wind energy jobs: Are the numbers pulled from thin air.  The American Wind Energy Association has made extending the Production Tax Credit ('PTC') its primary focus this year.  Documents available on the trade group's website show that about $4 million of its 2012 budget ($30 million) was directed toward securing extension of the PTC.  With job growth the number one political issue in the United States, AWEA's strategic plan calls for rebranding of the wind industry as an economic engine that will produce steady job growth, particularly in the manufacturing sector.  The problem for AWEA is that the industry's own record on job growth lacks credibility.  Accurate information available in the public suggests the industry has inflated its overall job numbers.

Green Jobs Count: Fewer than Before, Sillier than Ever.  Back in March, the Bureau of Labor Statistics (BLS) released a study showing our economy had 3.1 million green jobs.  Recently, it issued another green jobs study with a headlining number of 854,700 green jobs.  Don't worry — the economy did not lose 2 million green jobs in three months.  There were not 3.1 million green jobs to begin with.  And there are not 854,700 green jobs now.

Obama's 'Progressive' Tax Plan Actually Screws Over The Little Guy.  What the President didn't say in his speech yesterday [7/9/2012] is far more important than what he did say.  He did not say word one about the 2% Social Security tax break that has been on the books the past few years.  What this means is that the FICA tax break is going to expire.  When it does, every worker's paycheck is going to get hit by 2%.

Official: Total Unemployed at 16.2 Percent.  Yahoo!Finance reports:  Most of the unemployed no longer receive benefits. ... Interestingly, if the students (or anyone else) work as little as one paid hour per week, they are considered employed.  I believe a significant number of those who do use up all their unemployment benefits drop out of the labor force to collect retirement benefits.  Such persons want a job but stop looking and go on early retirement just to have some money coming in.

Biden's Jurassic Ideas About How Jobs Are Created.  On a day when unemployment topped 8% for the 41st month in a row, it's worth noting Vice President Joe Biden told Ohioans Tuesday that "so-called job creators" don't build the economy.  It explains a lot.

Employment to population ratio

The So-Called Recovery in One Chart.

The Editor says...
The employment-to-population ratio dropped like a rock when Obama took over, and has not recovered.  Nor will it ever recover, until Barack Obama is driven out of the White House.

Jobs versus net jobs.  The government can create a million jobs tomorrow, just by hiring that many people.  But where does the government get the money to pay those people?  From the private economy — which loses the money that the government gains.  With less money in the private sector, the loss of jobs there can easily exceed the million jobs created in the government or in industries subsidized by the government.  The Obama administration's creation of "green jobs" has turned out to cost far more money per job than the cost of creating a job in the private sector.

Even Scientists Can't Find Jobs In America Today.  We've written about how college students should major in science, tech, engineering or math (STEM).  This conventional wisdom is based on government propaganda (Obama: "This is what will make a difference in this country over the long haul.")  and studies showing that science majors from the past forty years have scored better jobs.  Unfortunately today's science job market doesn't live up to the hype.

Obama Has Lied to Us For Years About Jobs Reports!  Once again we get a dismal jobs number from our government.  So few jobs were created that we aren't even keeping up with population growth!  And once again Obama tells us not to pay any attention to those numbers.

Hunter wants new number as measure of unemployment rate.  The call for a change is partly driven by the fact that labor force participation is shrinking rapidly and the depth of unemployment is often lost in the unemployment rate.  A few months ago, the unemployment rate actually dropped even though we added only 120,000 jobs.  If we had the same number of Americans in the workforce today as we did when Barack Obama became president, the unemployment rate would be 11 percent.  If we calculated unemployment using the workforce when George W. Bush first became president, the rate would be around 13 percent.

Thirty Times the Obama Administration Admonished Americans Not to Read Too Much Into a Montly Jobs Report.  The Obama White House deserves credit for its consistency, if not its performance, on jobs.  Since November 2009 it has told Americans not to read too much into a monthly jobs report a staggering 30 times.

Obama administration repeats same jobs line — for the 30th month.  When the Bureau of Labor Statistics announced the nation's latest national employment figures Friday [7/6/2012], the Obama administration stressed that people should not "read too much" into the data.

Biden: 'So-called job creators' don't build economy.  Vice President Joe Biden faulted Mitt Romney for believing that "so-called job creators" build the economy, as he suggested that government spending and increased taxes on the wealthy would provide long-term economic strength.  "[Romney believes] somehow, that those so-called job creators will make everything okay for the rest of us," Biden said at the National Education Association conference.

Obama's Green-Jobs Fraud Exposed.  The administration has a most curious way of describing what a green job is, but if you count just the "direct" jobs, it cost taxpayers $9.8 million to create each of those long-term jobs.  Throw in the indirect jobs supporting the direct jobs estimate of 4,600 (we're confused too) and there are 5,510 total jobs (direct and indirect).  Starting with the $9 billion in grants, the result to establish 5,510 jobs averages out to $1.63 million per job.

More about so-called green jobs.

Obama Is A Job-Outsourcing Hypocrite.  The president accuses his likely opponent of outsourcing jobs as his re-election campaign hires telemarketers in Canada and the Philippines.  And what about GM in China and those electric cars built in Finland?

Amateur Hour at the White House.  Any fifth-grader knows that public sector jobs, needed as they are, do not create anything.  They do not expand the economy.  They don't help the private sector grow.  And adding more government workers certainly does not bring down our ballooning deficit.  But these elementary facts seem lost on President Obama.  Recently, the president showed the country his lack of understanding of how the economy works when he declared the private sector was "doing fine."  He also went a step further, insisting that government spending on jobs is the best way to stimulate the economy.

The Punk President and His 'Gangster Government' Go All In.  Once in office, Obama started with an $800 billion stimulus package which turned out to be little more than temporary layoff prevention for certain public employees and the distribution of billions to "green" and "clean" energy firms which could never survive in the marketplace on their own.  It was sold to the public largely as a recovery-motivated attempt to bring about "shovel-ready" jobs.  We're supposed to believe that Obama only later discovered, thanks largely to barriers imposed by government red tape and organized labor, that there really isn't any such thing as a shovel-ready job.  In hindsight, it's reasonable to contend that Team Obama knew this from the start, and didn't care.  There were cronies and contributors who needed care and feeding.

70 Facts That Barack Obama Does Not Want You To See.  [Barack Obama] is the biggest cheerleader for the economy.  He is attempting to convince all of us that everything is just fine and that the economy is heading in a positive direction.  Well, the truth is that everything is not fine and things are about to get a whole lot worse.
  •   Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer.  Today, that number is above 30 percent.
  •   The amount of money that the federal government gives directly to Americans has increased by 32 percent since Barack Obama entered the White House.
  •   U.S. housing prices are now down a total of 35 percent from the peak of the housing bubble.
  •   The official U.S. unemployment rate has been above 8 percent for 40 months in a row.
  •   According to one survey, 42 percent of all American workers are currently living paycheck to paycheck.
  •   Shockingly, at this point 48 percent of all Americans are either considered to be "low income" or are living in poverty.

President Obama: The Biggest Government Spender In World History.  The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality.  But that is the reality of President Obama today.  Waving a planted press commentary, Obama recently claimed on the campaign stump, "federal spending since I took office has risen at the slowest pace of any President in almost 60 years."

Why is this man whining?  Obama's blaming his predecessor for his own record as his term comes to a close is incredibly unbecoming.  Listen to his tone in the video.  The whining makes him unlikable.  But it is not just the tone that is off.  His comments are ineffective.  It's too soon to rewrite history.  We know he is wildly stretching the truth.

Jobless claims on the rise.  The number of Americans filing for first-time unemployment benefits climbed last week, indicating continued trouble for the labor market.  The Labor Department reported Thursday that 386,000 people filed new jobless claims in the week ended June 9, up 6,000 from the previous week's revised figure.  That was 11,000 more than expected.

Obama's big spending feast.  Obama's defenders argue that Bush should be held responsible for the huge spike spending in 2009, because he was president for the first four months of the fiscal year, which began Oct. 1, 2008.  Yet 2009 includes Obama's economic stimulus package and several spending bills that were OK'd under Obama's watch.  Furthermore, though Bush signed the $700 billion Wall Street bailout, Obama voted for it as senator, advocated for it as a presidential candidate and lobbied the Democratic Congress to release the second batch of money while he was president-elect.

Cutting Up the Truth.  Obama deputy campaign manager Stephanie Cutter continued her assault on reality in a Tuesday morning [6/12/2012] interview with MSNBC's Chuck Todd.  Cutter began by discussing the Obama campaign's most recent attack ad, which slams GOP nominee Mitt Romney over the debt accumulated during his term as governor of Massachusetts by the overwhelmingly Democratic legislature.  The ad repeats the erroneous claim that Massachusetts "fell to 47th in job creation" on Romney's watch.

Obama Can't Keep His Jobs Story Straight.  Just how inept is the White House these days?  On Friday, President Obama was demanding that Congress put "teachers, cops and firefighters" back to work.  But his own website says he's already accomplished that.

Obama's Public Sector Full Employment Plan.  Last week, President Obama said "the private sector is doing fine."  This was not reassuring to those of us who suspect the Democrats haven't the first idea what "private sector" means.

Obama's 'clarification' on private sector was really a doubling down.  The private sector, as everyone not "out of touch" with reality knows, is not doing fine.  As even The New York Times had to acknowledge, the 69,000 jobs created last month were far less than what is necessary to keep up with population growth, and the "shabby" job numbers for the two preceding months were revised even further downward.

Obama's Real Spending Record.  After taking office in 2009, with spending and debt already at record high levels and the deficit headed to $1 trillion, President Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement.  While spending did come down in 2010, it wasn't the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending.

The only thing worse than the economy is Obama talking about it.  When Mr. Obama took office in 2009, there were 11.6 million people unemployed in this country.  Today, after all of Mr. Obama's economic voodoo, there 12.7 million unemployed.  The unemployment rate when Mr. Obama took office was 7.8 percent.  It was not supposed to pass 8 percent, but, of course, it did.  And didn't stop going up until it hit 10 percent in October 2009.  Since then, the rate has been dropping, though that is largely because of people simply giving up looking for jobs.

Message from the flight deck.  [Scroll down]  Well, last Friday [6/1/2012] the cockpit warning lights for our economy lit up.  The Labor Department reported that the number of jobs produced in May was a dismal 69,000 — well below predictions.  Additionally, the job creation numbers for March and April were revised significantly downward and, overall, the unemployment rate edged up from 8.1% to 8.2%.

Seventy-Six Trombones and 8.2% Unemployment.  This week the economic news is so grim even the media's usual qualifier "unexpected" is meaningless.  We have grown to expect a stagnant economy on the rocks.  Meantime, the Obama campaign is heading into full conman territory, hoping like the Wizard of Oz that we'll just pay no attention to the pint sized amateur behind the curtain pulling the government levers.

The Real Unemployment Rate.  The nominal unemployment rate is still high, but the real jaw-dropping fact is the number of working-age Americans who are not working.  Today that is 100,000,000 Americans out of a total population of about 310,000,000. Demographically, about 80,000,000 Americans are minors and about 40,000,000 are age 65 or older.  That leaves approximately 190,000,000 Americans who are adults of working age.  About half of those do not have a full-time job.  The situation, according to the very statistics of the Bureau of Labor Statistics, show an increasingly dismal picture, when the number of people who could be working but are not is counted.

That Professor Obama Dog Won't Hunt Anymore.  The Obama campaign's days of telling us that what looks like bad news is really good news that we are just too dumb to comprehend are drawing to a close.

Jobs report a trainwreck.  The U.S. economy added just 69,000 jobs in May, well below expectations of 150,000 job gains, according to a report by the Bureau of Labor Statistics.  Not only did BLS report terrible numbers for May, but it made downward revisions to previous months job growth numbers, which were already considered weak.

Spending? What spending?  Franklin Delano Roosevelt never denied that he created Social Security.  Lyndon Baines Johnson didn't forswear any responsibility for Medicaid.  Ronald Reagan never argued that his defense buildup didn't happen.  The Obama White House, in contrast, wants to wish away the historic federal spending that is one of its signature accomplishments.

White House vs. Fact Checkers: Sticking to Obama's Fiscal Story.  The Obama administration is holding firm to its heavily challenged assertion that federal spending has slowed during his tenure in office.  At a campaign earlier this month in Denver, Obama said, "Since I've been president, federal spending has risen at the lowest pace in nearly 60 years.  Yes, we're going to streamline government.  There's more waste to be cut."

President Obama blames Congress for weak jobs report.  President Barack Obama on Friday put the blame for a weaker-than-expected May jobs report on Congress, saying lawmakers' inaction has stymied economic recovery.  "Right now, Congress should pass a bill to prevent more layoffs," Obama told an audience gathered at Honeywell's Golden Valley, Minn., facility, which the president had earlier toured.

766,000 More Women Unemployed Today Than When Obama Took Office.  The number of American women who are unemployed was 766,000 individuals greater in May 2012 than in January 2009, when President Barack Obama took office, according to data released today by the Bureau of Labor Statistics.  In January 2009, there were approximately 5,005,000 unemployed women in the United States, according to BLS.  In May 2012, there were 5,771,000.

Spending lies run into facts.  Many in the political class, including President Obama and many members of Congress, have an interest in confusing, rather than enlightening, the public.  The effort to misinform about the growth in spending and the impact of government spending on job creation reached a new level last week when the president claimed he was the most restrained spender since President Eisenhower and that spending was up only a little more than 1 percent (over what?).

WH: Obama has demonstrated 'fiscal restraint'.  White House Press Secretary Jay Carney insisted to reporters on Air Force One today [5/23/2012] that President Obama has "demonstrated significant fiscal restraint" and applied a "balanced approach."  According to the pool report, Carney added that any reporting to the contrary, would just be the result of "sloth and laziness."

Actually, the Obama spending binge really did happen.  Until Barack Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of the World War II years of 1942-1946.

Obama's big deficit lie.  On Wednesday [5/23/2012] at a Denver fundraiser, Mr. Obama said he was "running to pay down our debt in a way that's balanced and responsible."  He claimed that "after inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law" and that since he has been president, "federal spending has risen at the lowest pace in nearly 60 years.  Think about that."  It doesn't take much thought to see that this is the most absurd claim in political memory. [...] The "savings" Mr. Obama signed into law were all based on rosy economic projections, none of which has come true.

Marketwatch's Rex Nuttting On Obama Spending.  It's been going around Facebook and the Twitters.  It's been rated "mostly true" by Politifact.  It is the MarketWatch piece on how Obama hasn't really increased spending all that much.  And I'm [very] tired of picking it apart 140 characters at a time, so I put together this sarcastic infographic showing exactly how sloppy this piece really is.

Fun & Games with Mainstream Media Numbers.  [Scroll down]  Now for the whopper of all whoppers.  This one comes from Marketwatch, headlined "Obama spending binge never happened." [...] The real story is that current federal spending is at an historical peacetime high, as it's been since Obama's inauguration.  And that massive (half-a-trillion-dollar) step up over the historical norm came when Democrats took over budgeting.  In all the above stories, the raw facts were technically true (at least I think so).  But the stories were spun more than Regan's head in The Exorcist.  Good news was made out to look bad.  A historically massive increase was made out to look historically small.  Etc.  Up is down, and freedom is slavery.

Nuts to Nutting: Under Obama, Real Spending Has Exploded.  On Tuesday, Rex Nutting of MarketWatch, who per his Linkedin profile is the site's Washington bureau chief, published a column titled "Obama spending binge never happened."  This column will show that it did, but that clever accounting has largely concealed its existence.

Biden: Tea Party stopped us from growing economy.  Vice President Joe Biden admitted to a group of supporters in New Hampshire this afternoon that the President would have been able help the economy "much, more" if the Tea Party hadn't taken the House.

The Lost 5 Million.  Five million Americans have been thrown under the bus.  They are walking around dazed, outcast, and defeated.  Worst of all, they are not even counted in official tallies of the unemployed.  They are those whom the Obama administration simply wishes to ignore:  working-age adults who have dropped out of the labor market completely.  They are those for whom the economic recovery underway should have created jobs but has not.

Washington Post: Obama Green Jobs Cost $5 Million Each.  The Washington Post might be a day late and $38 billion short, but it's being honest about Barack Obama's failed green jobs program.  According to the Post, the "$38.6 billion loan guarantee program" has created just "3,545 new, permanent jobs" "after giving out almost half the allocated amount."  For those not doing the math at home, that means more than $5 million per job.  The Post outlined Obama administration promises to "create or save 65,000 jobs" in the green jobs category.  What it left out was that, while campaigning, Obama promised to create 5 million "green" jobs.  He's about 4,996,455 short.

Obama's inevitable shellacking.  Just about every objective indicator foreshadows a huge re-election defeat for President Obama.  With every day that passes, Mr. Obama looks more like a loser.  That's because there is doom and gloom everywhere you look.  When government mathematical fudging is stripped away, unemployment is stuck over 10 percent.

President Obama is fooling no one with positive spin on limp job numbers.  For the second straight month, President Obama is spinning pathetically weak job data as "good news."  Who is he kidding?  The economy added a measly 115,000 jobs in April.  At that poky rate, we wouldn't fully bounce back from the Great Recession until the presidential election in 2016.  And the only reason unemployment inched down to 8.1% was that another 342,000 Americans gave up looking for jobs and dropped out of the workforce completely.

The Artificial Eight Percent Unemployment Rate Is Immaterial.  Lengthy analyses of the raw numbers, combined with "revised" data compiled over the past several months, undeniably reveal a serial pattern of falsified government bookkeeping for the purpose of putting a positive face on the unprecedented disaster of Obamanomics.

What Is the Real Unemployment Rate? 11.1 Percent?  James Pethokoukis asks, "what is the true state of the labor market?"  He offers, "If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office — 65.7% then vs. 63.6% today — the U-3 unemployment rate would be 11.1%."

The awful April jobs report.  Any way you slice or dice it, the April jobs report was terrible — and terribly disappointing.  Employers added just 115,000 workers to their payrolls last month, way below the 180,000 Wall Street economists were expecting.  Hiring has now slowed in three straight months.  Job growth in March and April averaged 135,000, down from an average 252,000 per month in the three months to February. [...] Then there's the broader, U-6 measure of unemployment which includes the discouraged plus part-timers who wish they had full time work.  That unemployment rate, perhaps the truest measure of the labor market's health, is still a sky-high 14.5%.

Obama brags as joblessness reaches record high of 11 percent.
More phony job numbers.  The White House crowed on Friday [5/4/2012] about the unemployment rate dropping a 10th of a percent.  At the same time, the number of people out of the labor force reached a record high.  The Obama administration can report all the funny numbers it wants, but the American people know in their guts that things are getting much worse.

The 86 million invisible unemployed.  There are far more jobless people in the United States than you might think.  While it's true that the unemployment rate is falling, that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.  And hiring isn't strong enough to keep up with population growth.

The Vanishing Workers.  The economy turned in another lackluster month for job creation in April, with 115,000 net new jobs, 130,000 in private business (less 15,000 fewer in government).  The unemployment rate fell a tick to 8.1%, albeit mainly because the labor force shrank by 342,000.  This relates to what is arguably the most troubling trend in the April jobs report, which is the continuing decline in the share of working-age Americans who are in the labor force.  The civilian labor participation rate, as it's known, fell again in April to 63.6%.  That's the second decline in a row and the lowest rate since December 1981.

'Real' Unemployment Rate Remains at 14.5 Percent.  The "real" unemployment rate — a broader, more inclusive measure of the country's jobless picture than the one usually used — remained unchanged at 14.5 percent in April, as the economy created a paltry 115,000 jobs.  Known formally as the U-6 unemployment rate, this measure includes those formally counted as unemployed, those known to be marginally attached to the workforce, and those who are working part-time because they cannot find full-time work.

The Unemployment Rate Is Meaningless.  Normally, a drop in the unemployment rate would be a welcome sign of an economy on the mend.  But in the upside-down world of Obamanomics, the jobless figure is increasingly useless, hiding more than it reveals. [...] In fact, the only reason the jobless rate didn't climb in April is because so many people have simply quit looking for jobs and didn't get counted as unemployed.

Obama's weakly job numbers.  The Labor Department reported Thursday [4/26/2012] that initial unemployment claims for the previous week had fallen by 1,000.  This was the sixth reported decline in the last eight weeks.  The overall impression is that the situation is improving, slowly but surely.  Over that same period, however, the actual number of new jobless per week has increased by almost 40,000.  The Obama administration is managing perceptions by revising the weekly numbers upward after the fact.  Every week for at least the last eight weeks, the initial jobless number has been raised after it was released, sometimes significantly.  So while the combined initial figures over that period show a 13,000 new jobless decline, this is only because 49,000 jobless were not included in the initial reports.

Sickly Job Growth Sets Up Unhappy Choice for Obama.  The U.S. economy added a sickly 115,000 jobs in April, but as discouraged workers continued to leave the labor force, the benchmark unemployment rate nudged down from 8.2 percent to 8.1 percent.  The more important number, the size of the potential labor force that is not employed, remained at a crushing 14.5 percent.  Economists are alarmed not only at the puny jobs number in April but at the fact that the difference between the two figures, 6.4 percent, stands near an all-time high.

US hiring slows sharply with just 115K jobs added.  The unemployment rate fell to 8.1 percent, but only because more people gave up looking for work.

Workforce Participation at 30-Year Low.  Although the national unemployment rate fell to 8.1% for the month of April, the decline is due not to job growth but declining participation in the labor market.  Simply put a critical mass of people have given up looking for work.  Consequently, labor market participation is now at its lowest level in more than thirty years with only 63.6% of the adults in the workforce.

The incredible shrinking labor force.  If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent.  If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent.

A Surprising Statistic About The Long-Term Unemployed.  Pew is out with a new study about the long-term unemployed in America.  The long-tern unemployed are people who have been unemployed at least a year, and as you can see (and as you should know by know), the scale of the problem these days is way bigger than it has been during any other period over the last half a century.

Obama campaign inflates US jobs by 40 percent for pricey electric auto.  President Barack Obama's deputy campaign manager got her facts wrong while she was trying to support the administration's $193 million subsidy for a luxury automaker.  "Hi, I'm Stephanie Cutter, I'm the deputy campaign manager here at Obama for America, and I wanted to arm you with the facts about the latest attack from 'Big Oil,'" Cutter said in her May 2 video.  "Let's get the facts out, because it is important that you guys know the truth."  Cutter's speech appears to have been aimed at a new attack ad by Americans for Prosperity (AFP) that dinged Obama for sending "half a billion [dollars] to an electric car company that created hundreds of jobs ... in Finland."

Obama promises 110,000 new summer jobs for youth.  The White House pledged on Wednesday to help lower-income youth find summer jobs in a move likely to appeal to younger voters crucial to President Barack Obama's re-election campaign.

Burger flipper alert: flat income growth signals poor job quality.  The other big problem signaled by those flat disposable income numbers is the quality of the jobs we've been adding during the non-recovery.  Flat income growth means "burger flipper" jobs, to quote an extremely popular phrase from the early Bush years that our media appears to have forgotten.

Obama Is America's Biggest Job Outsourcer.  The same president who used stimulus dollars to build electric cars in Finland and sought to be Brazil's best oil customer now complains the GOP nominee built his career outsourcing jobs.  At least he created some.

Are People Really That Stupid?  The mainstream media, Barack Obama, and Democrats either think people are stupid or fools.  Has to be one or the other the way they talk to folks and the whoppers they tell.  Let's begin with the AP this week whose headline; "Faith In The Economy Holds Steady".  Makes sense because faith is belief without evidence.  The reason for such faith?  Consumer confidence 'only' fell to 69.2.  Doesn't faith in the economy imply a positive outlook?  What on earth is positive about a failing grade?  The AP must think we're all idiots.

Lies and Government Jobs Data.  For 59 out of the last 60 weeks, the weekly jobless numbers have been revised, after the fact, always in the same direction:  higher.  That's unheard of.  Those revisions higher make the present week's unemployment number look better in comparison, more so since the markets often treat the prior week's revision as an afterthought.  And there is statistical manipulation in the unemployment rate, too.  The government's reported unemployment number doesn't include people who stopped looking for work, but who want jobs.

Labor Force Shrinks As Jobless Swell Disability Ranks.  The civilian labor force shrank in April by 342,000 workers, and remains below where it stood when the economic recovery started 34 months ago, according to data released Friday [5/4/2012] by the Bureau of Labor Statistics.  Had the labor force not declined, unemployment would have been 8.3% in April, instead of the 8.1% reported.  That same month, more than 225,000 workers applied for Social Security disability benefits, and nearly 90,000 were enrolled, according to new data from the Social Security Administration.

Is the Labor Department playing politics with job numbers?  Whenever a situation appears to be a conspiracy, the explanation is likely to be happenstance.  But, looking at how often (and how much) BLS has revised its unemployment numbers, we have a strange trend that is, at the very least, worth noting.  More Americans "than forecasted" filed applications for unemployment benefits this week — first we heard that the jobless claims fell by 2,000 but now the revised numbers show 6,000 above the initial forecast. [...] According to Dow Jones, the Labor Department had revised its estimate of seasonally adjusted jobless claims upward in 56 of the past 57 weeks.  That's unprecedented.

A Recovery That Never Comes.  The President has been promising an economic recovery ever since 2008, when he promised to create 5 million green jobs and to "act quickly to help people stay in their homes."  With all the promises Obama made, many voters who supported him expected the economy to begin turning around early in 2009.  But then, shortly after his election, Obama let it be known that the economy had been driven "into a ditch" deeper than he had imagined, and the recovery would take some time.  Then he discovered that the economy he inherited was not just in a ditch, it was actually a "mess" as well.  There were always new excuses for why the recovery never came.

The Obamunist-Controlled Press Has a Job to Do on Jobs.  This week's jobless claims came in higher than expected tending to confirm that the recovery is:  1) still very slow; and 2) jobless, despite attempts by the Obamunist-controlled press to paint a different picture. [...] Depending on to whom you listened, the stock market was up early in trading on the unemployment report or was down midday on the unemployment report.

Obama's Recovery About to Disappear.  For the last several months, liberal journalists have been plugging the idea that the United States is enjoying an economic recovery after the slow down of the past few years and that President Obama deserved the credit for rescuing the nation from its troubles. [...] But one of the leading exponents of this thesis may be about to give up on their crusade to persuade us that everything is just fine and getting better every day.  The New York Times published a front-page story intended to let its readers down gently as they confront a worsening economic picture in 2012.

Geithner: Obama's Economic Policies Have Been "Remarkably Successful," You Know.  It was not a fun go 'round on the Sunday morning talk circuit for Team Obama yesterday [4/15/2012], underscored by David Axelrod's accidental de facto endorsement of Mitt Romney on Fox News. [...] Treasury Secretary Tim Geither — last seen explaining how Obama has no solution to the gathering debt crisis — informed NBC viewers that the president's economic policies have been "remarkably successful."

Obama's cooked jobs books.  In March, 120,000 jobs were created, while more than 330,000 people dropped out of the workforce.  For self-serving reasons, the Obama administration spins this as good news.  According to government math, March unemployment declined by .1 percent even though more Americans were out of work.  This is because the Bureau of Labor Statistics (BLS) doesn't count people as officially unemployed if they are not looking for a job.  So even though the "not in labor force" figure is at a record high of nearly 88 million people, the administration can keep reporting a drop in unemployment by counting only those it wants to count.

False Unemployment And Phony 'Jobs' Claim.  The current administration predicted unemployment would rise to 9 percent by 2010 if Congress did not pass the $787 billion stimulus bill, a do-or-die situation.  The President also claimed it would 'create or save' 3.5 million jobs and insisted that 'only government' could save the country from a recession.

Record 87,897,000 Americans Not in the Labor Force.  This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor's unemployment figure does not include people who have given up hope and are not actively seeking employment.  When the number of individuals who have stopped looking for a job and/or who are working part-time but desire full-time employment is included — a figure known as the "underemployment rate" — real unemployment stands at 19.1%.

Unemployment data not what it appears.  The published unemployment rate of 8.2% does not include those who have dropped out of the job market or are discouraged.  However the Bureau of Labor Statistics does publish a statistic that takes into account the total unemployed, plus discouraged workers and those marginally attached to the labor force (but not the entire universe of those who have completely dropped out of the labor force), that they all the U-5 unemployment rate, which in March was 9.6%.  If the labor force participation rate (that part of the overall civilian population in the labor force) were the same as when Obama took office, then the actual unemployment rate would be 10.5%.  As those not in the labor force has increased nearly seven million since Obama became President.

Obama: 'Google, Facebook Would Not Exist' Without Government Funding.  President Barack Obama insisted Thursday that without government spending, "Google, Facebook would not exist."  Obama made the remark at a campaign fundraiser while criticizing the budget passed by House Republicans.  Obama said the Rep. Paul Ryan's budget would, among other things, cut funding for research.

The Editor says...
This is akin to NASA getting credit for inventing Tang and Velcro.

Unemployment May Be Down, But So Are Wages and Benefits.  As I discuss with Robert Reich, former Labor Secretary in the Clinton Administration, according to several less-publicized metrics, the overall job market and the experience of workers continues to decline or remains at highly depressed levels. In addition, while the economy has been expanding for nearly three years and hiring is picking up, Reich notes, "we also see some major declines in terms of median wage.  And that's particularly true for the bottom 90 percent."

Unemployment is not 8.3 percent — it's 15.1 percent.  Despite all of the data-twisting hoopla from the White House and their compliant allies in the news media, the Bureau of Labor Statistics' unemployment rate remains at 8.3 percent, which is nothing to write home about.  But, dig a little deeper among the unemployed, and you will find that the [actual] national jobless rate is much higher than that because it includes numbers BLS leaves out of its employment equation.

Real American Energy Could Create Real American Jobs.  Official announcements from [Obama's] Labor Department reported that the nation's February unemployment rate is still 8.3 percent.  That's a decent decline from previous months.  But the reality is far worse.  Most of that job growth was in business and professional services, and half was temporary.  Millions of Americans are working part-time or multiple low-wage jobs to make ends meet.  Overall, 23.5 million are out of work or underemployed.  Factor all that in, and the real unemployment rate is 14.9%, according to University of Maryland economist Peter Morici.

Obama, Doublespeak, and Why He Will Lose Reelection.  Times are worse off now than when Carter was running for reelection.  Unemployment is around the level it was during the Great Depression.  Meanwhile, Obama talks as if he is living in another world, a world where the economy is improving.

Lying About Green Jobs Now.  The BLS [Bureau of Labor Statistics], which is also in charge of counting jobs data, uses a methodology to determine a green job that's not based on skill differences but instead that has an apparent benefit to the environment.  This includes mass transit workers because they are providing a service that benefits the environment according to testimony from Hilda Solis who testified before congress last year.  The rationale for this lunacy is that lots of people take the bus and not cars so it's saving the environment.  I would say it's presumptuous to assume everyone on the bus had an option to drive a car.  But the absurdity of all this is you could actually drive a bus running on fossil fuel and still be considered a green worker.

Economy Actually Lost 2.7 Million Jobs in January.  Obama's entire claim that the economy is reviving is based on phony numbers and rigged statistics.  Nothing is more misleading than the recent administration claim that the economy added over 200,000 jobs during each of the past three months and that unemployment is stable at 8.3 percent.  Dr. John Hussman of the Hussman Fund says that the claims of job gains are based entirely on weighted figures.

What Recovery?  The Bureau of Labor Statistics reported on Friday [3/9/2012] that unemployment remained steady at 8.3 percent in February, as the economy added 227,000 jobs.  "The economy is getting stronger," Obama told supporters at a rally in Virginia that day.  "It gives me confidence there are better days ahead."  Republicans do not share that confidence.

The real unemployment rate? It sure isn't 8.3%.  Even if it were a legit number, the 8.3% February unemployment rate, released today by the Labor Department, would be simply terrible — and unacceptable.  It would still extend the longest streak of 8%-plus unemployment since the Great Depression.  The U.S. economy hasn't been below 8% unemployment since Obama took office in January 2009.  And back in May 2007, unemployment was just 4.4%.  But, unfortunately, the true measure of U.S. unemployment is much, much worse.

Hidden unemployment numbers stymie Obama's job growth claims.  There's so much hidden unemployment in the labor force that even Friday's improved jobs numbers failed to decrease the official unemployment rate of 8.3 percent.  In February, the private sector added 233,000 new jobs, but 476,000 non-working people began looking for a job.  According to Bureau of Labor Statistics (BLS) rules, only by seeking work did those individuals officially become unemployed.

U.S. Still Down 6 Million Jobs.  The stock market has recovered its losses since hitting bottom three years ago today.  But despite gains in employment during that same stretch, America is still down six million jobs, data shows.

Economic News From Big Brother, 'The Recession Is Over!'  Big Brother sends us today's urgent Newspeak via the Associated Press...

Busting One Myth Behind the Unemployment Rate.  As the economy improves, an abundance of unemployed people once frustrated by the depressed job market will jump back into the hunt all at once, causing the unemployment rate to rise, right?  Not necessarily.  That scenario is a myth, says Barclays, which predicts the unemployment rate will actually continue to recede despite an influx of new job hunters.

Long-Term Unemployed Still a Fly in Recovery Ointment.  The U.S. labor market is slowly healing.  Much of the recent data point in that direction — but the scars of this financial crisis run deep.  Nowhere are those scars more visible than in the area of long-term unemployment.

Unemployment: Leveling off or just a retirement influx?  Contrary to what most economists think, aging Baby Boomers entering retirement has largely driven down the unemployment rate.

Obama's Union Speech a 'Load of You-Know-What'.  Speaking before the United Auto Workers union in Washington, Obama, champion of the working man, challenged auto bailout "naysayers" to "come around" and admit that "standing by American workers was the right thing to do," as bailouts "saved" the auto industry.  (You have to wonder whether downtrodden citizens appreciate just how close they came to having to roller-skate to work.)  "They're out there talking about you like you're some special interest that needs to be beaten down," Obama told cheering union members.  And those who claim that bailouts were just a labor payback are simply peddling a "load of you-know-what."  I do know what, Mr. President.

Note to Obama: Unemployment is up.  The Obama administration keeps reporting supposed good news on the employment front.  Americans sense that something is not quite right about the rosy official numbers, and a series of independent reports confirms their skepticism.

Welcome to the Brave New Obama World.  The master propagandists of the left have taken on a breathtaking task:  selling the public on Obama's economic disaster as a good thing.  The witting left understands that the "fundamental transformation" Obama promised means permanently high unemployment and workforce shrinkage, as the private sector is squeezed out of sector after sector of the economy.  Thus, it becomes important to propagandize the public that there are benefits to unemployment.

Obama says the economy is getting stronger, and yet...
Gallup survey shows 'sharp deterioration in job market' in Feburary.  Unemployment could rise back to 9 percent of the U.S. population in Feburary, according to a Gallup survey released Tuesday [2/21/2012], painting a grim picture for the Obama administration, which had been temporarily buoyed by promising jobs figures at the end of January.

Jarrett: Unemployment checks stimulate the economy.  This evening [2/21/2012], speaking at North Carolina Central University in Durham, North Carolina, White House senior adviser Valerie Jarrett said that folks getting and spending unemployment checks is a healthy thing ... because it stimulates the economy.

While the official numbers are much lower...
Real Unemployment Hits 15 Percent.  In the past few weeks, Democrats have been trying to claim that the economy is getting better and that more people are finding full-time work, but when you take a look at the numbers, the real unemployment number is much higher than the media or the Left wants to admit.

Workforce participation is the metric that really matters.
The True Unemployment Rate: 36%.  [Scroll down]  What is the current percentage of working-age Americans, eligible to participate in the civilian labor force, but not currently working?  Answer: 36.3 percent. That's the worst labor participation rate in three decades, and it's part of the worst employment picture we've seen since the Great Depression.  Labor force participation is the number we should really be looking at, even more than the unemployment figures cooked up on the monthly basis by the Bureau of Labor Statistics.

Newest Government Magic Trick: Disability Fraud Holds Down Unemployment Rate.  Looking for another reason for an artificially low unemployment rate?  Consider disability fraud, people claiming disabilities they do not have such as mental illness.  Prior to the great recession 33% of applicants claimed mental illness.  The number is 43% now.  There was fraud before, of course.  There is even more fraud now.

Can We Rely on the Executive Branch for Unsullied Data?  The Bureau of Labor Statistics (BLS) — which, keep in mind, is part of the Department of Labor, which in turn is headed by the Honorable Linda Solis as secretary of labor — is part of the Obama administration.  Since the Department of Labor is part of one of the most partisan administrations in recent memory, how can anyone simply assume that the data that issues from the BLS is completely untainted by politics?

Fudging the Numbers.  The Obama administration is touting the latest unemployment numbers released last week by the U.S. Department of Labor as proof its policies are working.  But a closer look at the actual number of able-bodied people who are willing to work, but are not, reveals a different picture. ... The way government counts things, slowing the rate of increased spending amounts to a cut and reducing the percentage of unemployed people by two-tenths of 1 percent counts as more people finding jobs, which then counts as progress.

Missing: 5.4 million workers.  Millions of Americans have vanished from the US labor force in the past three years, many of them so discouraged by long, fruitless job searches that they have given up looking for work, convinced that no employer wants them, according to a new study.

Obama's bogus jobs data.  While the overall population jumped 1.6 million in January, the workforce declined a record-setting 1.2 million.  This figure represents those who out of sheer frustration or for other reasons have dropped out of what the government defines as the active labor pool.  They are worse than simply unemployed; they are both jobless and hopeless.  The good news for Obama administration statisticians is that these unfortunates don't factor into the official unemployment rate, which only counts those thought to be looking for work.  So while five people drop out of the system in despair for every new job created, the official unemployment rate declines and the White House enjoys a good news day.

Here is what the official unemployment figures don't say:
Economic Statistics for 3 Feb 12:
  •   In November, 2007, 63.15% of Americans had a job.  In Feburary, 2012, it was 57.76%.
  •   In November, 2007, there were 147,118,000 Americans working.  This month, that number was 139,944,000.  That's 7.1 million jobs that have disappeared.
  •   If the labor force participation rate was the same today as it was in November 2007 (66.1%), today's unemployment rate would be 12.61%.

David Stockman: It's True, The BLS Data Is Made Up.  After countless attempts to discredit or defend Friday's jobs report, we can all agree on one thing:  The data is complicated.  So complicated that the BLS could make the economy look better than it was and no one would be sure.  Former Reagan budget director David Stockman said as much in an email to Bruce Krasting, in response to Krasting's criticism of the jobs report.  Stockman writes:  "If you spend a little time with these numbers you will know that they are being made up."

Fake But Accurate Job Numbers.  This morning [2/3/2012] we get the January jobs report from the U.S. Bureau of Labor Statistics.  And if this January bears any resemblance to those of the past decade, the report will offer a misleading, possibly deceptive view of the employment situation in the United States.

It's the Fourth Quarter in America.  Just last month 1.2 million formerly employed people disappeared into the black hole of a political unemployment equation — never to be counted again.  This isn't a game to those millions of Americans who are out of work or under employed — this is their life.  But the other team doesn't see it that way.

Rosy report a ruse.  Some day, the government is going to put out a good economic report and I'll be able to say, "Yeah, that really is a good report."  This isn't that day.

New BS BLS Report Shows Obama Costs US $20 Trillion.  Another 1.2 million people dropped out the workforce, which means that Bureau of Labor Statistics (BLS) economists can say that unemployment has moved down to 8.3 percent without that messy job-creation thing getting in the way. ... ZeroHedge says that if you add back in the 5 million people who have permanently dropped out the labor force, as reflected in the historical average workforce participations rates, the "implied" unemployment rate is 11.5 percent and rising, not falling.

1.2 million driven out of the workforce in a single month.  All you're seeing in the headlines is good news, because the official, heavily-massaged U-3 unemployment rate fell to 8.3 percent.  Fewer people in the workforce means the percentage of unemployed people in the workforce drops.

It's Not a Job Loss if They Say You Retired.  American Airlines apparently does not need to layoff 15,000 employees.  According to the Bureau of Labor Statistics, all 15,000 employees are retiring and dropping out of the workforce.  In addition, those 15,000 employees will not be counted in the unemployment statistics, thereby helping to ensure President Obama's quest for 0% unemployment by Election Day.

Why the official 8.3 percent unemployment rate is a phony number.  Does anyone believe an "official" unemployment rate of 8.3 percent really gives an accurate picture of the U.S. labor market? ... If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office — 65.7 percent then vs. 63.7 percent today — the U-3 unemployment rate would be 11.0 percent.

Obama Speech Brags About 3 Million New Jobs.  What is the point of all that talk in the [State of the Union] speech about creating jobs when the federal government is importing so many new workers?  Although the number of work permits issued is primarily controlled by Congress, Pres. Obama could be asking for reductions to give relief to all those Americans who have been unemployed for such long periods.  He said nothing.  And he gave no sign tonight of having the slightest interest in how immigration affects the labor market.

Our "Interesting" President.  Americans need jobs, but Obama is just out to save his.  This detachment is nothing new.  We saw it in the State of the Union — when the president repeated old, broken promises but gave no mention to the millions of unemployed Americans he's ignored or the trillions of dollars in debt he's created.  We saw it also with the Keystone energy pipeline.  America had an opportunity for a source of affordable, secure energy, but the president blocked it.

Obama's Auto Bailout Lies.  In what has become part of his general re-election strategy, president Barack Obama is touting the government bailout of automakers GM and Chrysler as a great success.  "The American auto industry was on the verge of collapse.  And some politicians were willing to let it just die.  We said no," Obama told college students last week in Ann Arbor, Michigan.  "We believe in the workers of this state."  Yet much like other pronouncements of "fact" that come from this president, the devil is in the details, many of which don't remotely square with the reality.

How Obama created 22 million jobs:  I have been forced to concede that Barack Obama is one of the foremost and accomplished economic minds in the US today.  Yesterday [1/30/2012] he claimed he has created 22 million jobs since becoming president, yet those of little faith quickly belittled him and his claim.  But they simply do not understand how a truly brilliant mind operates and that he is infallible and incapable of admitting a mistake.  Therefore he must have created nearly 22 million jobs.  He just didn't say where or how.

Dem lawmaker says 20,000 Keystone XL jobs 'not that many'.  Chicago Democratic Rep. Jan Schakowsky (Ill.) drew fire from Sen. Dan Coats (R-Ind.) on Wednesday [1/25/2012] when she dismissed the proposed Keystone XL oil pipeline, suggesting the 20,000 jobs it could create were relatively insignificant in the scheme of the greater economy.

Lying About the Stimulus:  [James] Pethokoukis lists 11 main points that tell us all we need to know about the economic stimulus package that the Democrat-controlled Congress passed at Obama's behest.  Chief among them is this:  the nearly trillion-dollar expenditure package was primarily about implementing Obama's political agenda, not fixing a damaged economy.  The Summers memo is clear evidence that much of the rhetoric put forward by the administration and allies was patent hogwash.

Whatever he claims, creating jobs isn't what motivates Obama.  Obama himself has insisted time and again he cares only about "what works" and not about ideological or partisan point scoring.  Nary an utterance from the president doesn't include some claim that his "top," "chief," "first," and "number one" priority is to create jobs and get America working again.  Just last week he announced that he wants to streamline government to cut red tape and make both government and the economy more efficient.  It's all a farrago of lies.

Obama: EPA Regulations Create Jobs.  In a speech to employees of the Environmental Protection Agency on Tuesday [1/10/2012], President Barack Obama said that EPA regulations are good for the economy and create jobs and that the agency "touches" the lives of every American every day.  "We can make sure that we are doing right by our environment and, in fact, putting people back to work all across America," Obama told the federal workers.

More about the EPA.

Don't believe bureaucrats, unemployment is really 11.4 percent.  President Obama benefits from a flawed formula that generates a positive outcome when frustrated potential workers simply give up.  This is what passes for progress in the jobless economy.  A lower official unemployment statistic makes a good headline and a good talking point, but it would be better if more Americans were actually finding good jobs.

Obama's Low Expectations On Jobs.  The White House spins the new job numbers as evidence the economy is coming back from the Bush recession.  Truth is, the economy continues to struggle against the weight of Obama's misguided policies.

On Those New Jobless Numbers:  Break out the party hats!  Unemployment is all the way down to 8.5 percent!  Whoo-hoo!  Zero Hedge spotlights the steady increase in the number of Americans not in the labor force; he points out, "the labor force itself declined by 50K from 153,937 to 153,887.  In fact, persons not in the labor force have increased by 7.5 million since January 2007."

Obama's Bad Policies Bear The Blame For Bear Market.  To "it could be worse" — the administration's lame depiction of the economy — we can add the equally pathetic decree that 2011 was a "pretty good" year for stocks.  Is this what it's come to?  The weakest recovery in modern times being spun as fair-to-middling just because it hasn't plumbed depression depths, and investors being told that a stock market that ends up unchanged isn't all that bad, especially when bourses were down 20% to 40% from Frankfurt to Mumbai?

Why Obama's 'new math' is a jobs killer.  President Obama's math skills leave something to be desired.  As a matter of fact, based on Mr. Obama's recent interview on "60 Minutes," the president deserves a grade of F in math.  When confronted by the reporter with the reality that his economic stimulus package failed, he decided to lie to the American people.  He said his stimulus had indeed worked just fine.  As a matter of fact, according to Mr. Obama, it created 3 million jobs.

Pelosi: Extending Unemployment Benefits Would Create '600,000 Jobs'.  House Minority Leader Nancy Pelosi (D-Calif.) said that extending unemployment benefits would add "600,000 jobs to our economy."  She also said that the money from unemployment benefits creates a "safety net" for the U.S. economy because it "injects demand into the economy — creating jobs."

Another Load of Trickle-Up Economics.  So... if rich people opening businesses aren't creating jobs in the private sector, then who is?  For the answer, we turn to an even greater economic genius, House Minority Leader Nancy Pelosi (D-CA, current net worth $35.5 million.)  Yesterday she repeated a theory she made famous some years ago, and which has become one of the bedrock principles of the Obama Administration:  jobs are created by people who don't have jobs, through the magic of unemployment insurance, whose extension will create 600,000 jobs.

Obama is the Jobs Grinch.  Labor Department numbers came out recently showing soft job-creation for the month of November.  This is nothing new, of course.  Job-creation has been weaker than expected ever since Obama began his attack on capitalism.  What's new is a shift in the quality of jobs available.  Most of the jobs created last month were temporary, low-wage positions in the service industries.  Of the 120,000 new jobs created, 50,000 were in the retail sector.  Most of these are minimum-wage positions, many of them temporary holiday hires.

DNC Chair Denies Unemployment Has Gone Up Under Obama.  Gretchen Carlson on FOX News interviews Rep. Debbie Wasserman Schultz, DNC Chair. [Video]

Captain Trainwreck's White House whitewash.  The current Occupiers of the White House will claim the slight dip in the unemployment rate from 9 percent to 8.6 percent is proof the economy is beginning to lumber out of the recession they imposed on it.  Don't believe the spin.  The economy continues to sink.  Once the employment data is analyzed and the economic truth comes out, it will be seen that one of the probable reasons for the dip in the unemployment rate is that 315,000 more Americans have quit looking for work, making them persona non grata when it comes to being counted in employment statistics.

Democrat Economic Illiteracy Has Consequences.  The Secretary of Labor, Hilda Solis, visited Capitol Hill last week and claimed that the unemployment rate will increase if Congress fails to extend the eligibility period for federal unemployment benefits.  My first reaction to this Orwellian assertion was a quiet chuckle.  Then it dawned on me that most Democrats will believe this nonsense.  These are, after all, people who believed that health care would be made cheaper by a law that increases demand for medical services while reducing the supply of health care providers.

Time's up for Obama.  President Obama is horrible at governing.  He's not bad, though, at moving goalposts.  The stimulus was supposed to "save or create" a bazillion jobs.  When the jobs on the "create" side of the ledger were smaller than predicted, the administration did away with the term and started using jobs "funded."

Real Unemployment 11 Percent; Total Unemployment 15.6 Percent.
  •   In the last year, the civilian population rose by 1,726,000.  Yet the labor force fell by 67,000.  Those not in the labor force rose by 1,793,000.
  •   In November, those "Not in Labor Force" rose by a whopping 487,000.  If you are not in the labor force, you are not counted as unemployed.
  •   Were it not for people dropping out of the labor force, the unemployment rate would be well over 11%.

Unemployment Decline To 8.6%: A Statistical Fluke?  Americans woke up Friday to the good news that the unemployment rate had dropped sharply from 9% to 8.6%.  On closer inspection, the decline is highly questionable — and doesn't warrant a surge in optimism.

Unemployment Rate Falls Due To Workforce Contraction.  The November unemployment report is out, and it's one of those good news / bad news deals.  Well, actually, it's more like horrible news that will be spun as good news.  The economy created 120,000 jobs in November, and the official unemployment rate fell to 8.6%, which is a two-year low... but the drop was mostly due to 315,000 people leaving the workforce entirely.
Emphasis in original.

Steven Chu's Solyndra testimony: Misleading jobs stats and missing context.  We always warn readers to be wary of claims about the number of jobs created by some government, congressional or corporate initiative.  These are almost always suspect and based on dubious assumptions.  (Chu, we should note, carefully used the word "employ" instead of "create.")  As it happens, Carol D. Leonnig and Steven Mufson of The Washington Post examined the job-claim figure two months ago and found it wanting.

Math Fun with President Obama.  With math skills like this, no wonder the federal deficit is $1.3 trillion. ... One half of 1 percent of $1.1 million is $5,500, not $500.  But, hey, even though he said it three times, cut the president some slack — he's off only by about factor of ten.  But even if the president meant to say $5,500, his math continues to pose some challenges.  According to the IRS, a total of 235,413 taxpayers earned more than $1 million last year.  If each "was willing to pay $[5,]500 extra to help the country," that would generate only $1.3 billion in revenue — approximately what the federal government spends every three hours.

Did the Stimulus Create Jobs? Yes, at $412,500 Per Job.  Vice President Joe Biden said yesterday [10/23/2011] on CNN that nobody can say "that the stimulus did not create jobs," but he did not specificy how many jobs he believes President Barack Obama's stimulus created and how much each of those jobs cost.  According to the most recent report on the stimulus by the Congressional Budget Office, the law had created a maximum of 2 million jobs as the fourth quarter of 2011 at a cost of $412,500 per job.

Where do the stimulus horror stories end?  The Obama administration handed $7.2 million to four Oregon logging companies to hire loggers in a severely depressed industry.  But according to a Department of Labor inspector general report, only two of jobs thus funded went to U.S. citizens:  "Only two Oregonians were listed on the employer recruitment reports, indicating that workers in Oregon were likely unaware these job opportunities were available.  In fact, although 146 U.S. workers were contacted by the three employers regarding possible employment, none were hired.  Instead, 254 foreign workers were brought into the country for these jobs."

Infallible Obama.  Democrats argue that as bad as things are in the country, they could be worse.  Earlier this month, House Minority Leader Nancy Pelosi, San Francisco Democrat, claimed that without the 2009 economic-stimulus plan, unemployment would be 14.5 percent, a ludicrous claim not even asserted by the cheerleaders of the original nearly-trillion-dollar stimulus plan. ... The central theme of the Obama 2012 campaign seems to be shaping up as:  Yes, times are bad, but they could be much worse.

Twisting Words To Political Ends.  When it became clear to President Obama and his economic and political advisers that spending more than a trillion dollars would not create many jobs, they decided that the problem wasn't their policies; it was the word "create."  And so we endlessly heard promises of all of the millions of jobs their massive stimulus and government takeover of health insurance would "save or create."  But with unemployment at 9.1% — not the under 8% they boldly predicted — and 14 million Americans jobless less than 13 months before Election Day 2012, "save or create" has worn kind of thin.

Obama disconnects rhetoric, reality.  In President Barack Obama's sales pitch for his jobs bill, there are two versions of reality:  The one in his speeches and the one actually unfolding in Washington.

The Big Jobs Bill Lie.  The president claims economists heartily endorse his jobs bill, predicting it will boost growth by 2% and add 1.9 million jobs.  That would be news to most economists.

Tall tales from President Obama on employment.  There haven't been 850,000 jobs created by non-government employers in the past nine months — not even close.  That's just the way it is, and repeating a lie isn't going to turn it into a truth.

Applying Alinsky:  Why Obamacare Makes No Sense.  [T]he ordinary American can be excused for being confused, frustrated, and angry.  That's exactly where President Obama, the Chicago political mafia around him, Harry Reid, the Senate Majority Leader, and House Speaker Nancy Pelosi want people to be.  At one point in the pointless all-day meeting on Thursday, she even claimed that passing Obamacare would create four million jobs overnight!  Even for Speaker Pelosi, that's a new level of insane babble.

Did someone mention the big Health Care Summit?

The President's Bogus Green Economics.  The Obama Administration's recently released "Economic Report of the President" devoted an entire chapter to "Transforming the Energy Sector and Addressing Climate Change".  Whenever the government promises to transform an entire sector of the economy, we know to watch out. ... Since the report says the stimulus package provided "$60 billion in direct spending and $30 billion in tax credits" to "jump-start" the transition to a "clean energy economy," there is a whole lot of 'splainin' that the administration must do.

Is the kettle black enough?  If ever there was a case of the proverbial pot calling the kettle black, it is the cluster of new financial "reform" regulations Washington politicians are trying to foist on the back of Wall Street.  In a typical political smoke-and-mirrors misdirection, President Obama wants us to believe greedy Wall Street bankers are to blame for our economy sinking in financial quicksand and that more government regulations and controls are the answer.  Don't believe it.

Deception as a Principle of Governance.  Every economic indicator during Clinton's last year in office turned decisively downward — the surplus, government revenues, and the markets included.  Economic projections made at the very top of an economic bubble are foolish, but the dot-com bubble had long since popped, and everything was going south by the time Clinton left office.  Consequently, the Democrats' projections of surpluses years into the future at a time when all indices were falling are not just foolish, but dishonest.

CBO Report Was Pre-Ordained to Show the Stimulus Succeeded.  The Congressional Budget Office (CBO) has produced a new report estimating that the $862 billion stimulus has thus far saved or created 1.5 million jobs.  Yet the CBO's calculations are not based on actually observing the economy's recent performance.  Rather, they used an economic model that was programmed to assume that stimulus spending automatically creates jobs — thus guaranteeing their result.

Vote for him or the wife gets it!  Yesterday Politico reported that Senate Majority Leader Harry Reid pushed for a $15 billion jobs bill Monday by suggesting that unemployed men are more likely to abuse their wives:  "Men when they're out of work tend to become abusive," Reid said as he argued in favor of a cloture vote on the jobs bill.

Obama A Moderate?  Saying So Doesn't Make It So.  To make the Tea Party movement look extremist, the president's backers are trying to portray him as a moderate.  Here is Obama Administration waterboy E.J. Dionne:  "Obama, after all, is the man who saved the banks and the capital markets.  Now the bankers are secure and most of them are still rich." ... [That] is little more than a distortion.  Then-Sen. Obama supported the bank bailouts, which were proposed by then-President Bush.  Further, it leaves out the fact that Obama has since let his "pay czar" Ken Feinberg dictate the salaries of those banks, not to mention the nationalizing of General Motors.

Con jobs:  When will Obama stop lying about the stimulus?  The administration boasts that it has "created or saved" about 1 million jobs, even as the Bureau of Labor Statistics announced a loss of 558,000 jobs in October.  Not only is unemployment still increasing, but the rate of job loss is still accelerating.  "The 'created or saved numbers' are meaningless," Joseph Lawler writes on Politico.  "Employment is 3 million jobs below what the president's Council of Economic Advisers had predicted it would be."  The Associated Press discovered that an outfit called the Southwest Georgia Community Action Council reported that the stimulus had enabled it to save 935 jobs — out of 508.

Jobs 'Saved or Created' in Congressional Districts That Don't Exist.  Here's a stimulus success story:  In Arizona's 9th Congressional District, 30 jobs have been saved or created with just $761,420 in federal stimulus spending.  At least that's what the website set up by the Obama Administration to track the $787 billion stimulus says.  There's one problem, though:  There is no 9th Congressional District in Arizona; the state has only eight Congressional Districts.

Obama creates 30 new jobs in non-existant congressional district.  Chicago politics, where voting is such a revered civic duty that people do it even after they're dead, cold, stiff, stuffed, boxed and buried beneath the permafrost for years, has now come to D.C. with the Obama administration.

Stop lying about those stimulus jobs.  Give the mainstream news media some credit:  They have diligently dug into President Obama's fanciful boasts of job creation.  When Obama claimed earlier this month that his $787 billion economic stimulus package had "saved or created" 640,000 jobs, a dozen news organizations pounced.  They soon highlighted some of the most egregious cases of sketchy job creation in about 20 states.

Phantom districts in Texas receive millions in 'stimulus'.  According to the Obama administration's latest count, the President's economic stimulus package has created 45 jobs in Texas' 58th congressional district and 30 jobs in the state's 91st district.  The White House's recovery.gov web site declares that Texas' 52nd district received exactly $8,937,289 in stimulus funds, while the 68th district has had precisely $310,963 funneled into it.  Trouble is, none of these congressional districts exist.

Stimulus Fraud.  We knew something was funny when the White House claimed that 640,000 to 1 million jobs had been created from this year's stimulus.  What we didn't know was that it would turn into a massive fraud.  Not only have 640,000 new jobs not been created from the stimulus — an absurd claim, given the economy's loss of nearly 4 million payroll positions this year — but it now seems that even the jobs themselves are fictional.

$6.4 Billion Stimulus Goes to Phantom Districts.  Just how big is the stimulus package?  Well for one, it has doubled the size of the House of Representatives, according to recovery.gov, which says that funds were distributed to 440 congressional districts that do not exist.

Imaginary Districts Receive Stimulus Money.  There are questions about how the federal government is spending tax dollars.  It appears millions of economic stimulus dollars are being spent in Congressional districts that do not exist.

Many California jobs 'saved' by stimulus funds weren't in jeopardy.  Up to one-fourth of the 110,000 jobs reported as saved by federal stimulus money in California probably never were in danger, a [Sacramento] Bee review has found.

$230,000 per job.  The administration will report this week that roughly 650,000 jobs have been created or saved on spending of $160 billion.  [But] The Associated Press checked the administration's initial jobs claims and found numerous exaggerations, duplicate counts and outright misstatements.  Even using the administration's more generous projection, it's still $160,000 spent for every job created or saved.

Stimulus saves nine out of every five jobs.  I've always believed that President Obama will take credit for saving 2 million jobs as long as there are 2 million jobs left in the United States.  But his jobs report apparently goes beyong this, the Associated Press reports, taking credit for saving jobs that really don't exist.

Lies, damned lies and stimulus jobs.  "If I give you a raise, it is going to save a portion of your job," HHS spokesman Luis Rosero said.  Save a portion of a job?  That doesn't make sense on any level.  How can they justify plundering stimulus funds to preserve already existing government jobs?  To do that and claim it's evidence that of the stimulus' success at "creating or saving" jobs is simply deceitful.

The Media Fall for Phony 'Jobs' Claims.  "Saved or created" has become the signature phrase for Barack Obama as he describes what his stimulus is doing for American jobs.  His latest invocation came yesterday [6/9/2009], when the president declared that the stimulus had already saved or created at least 150,000 American jobs — and announced he was ramping up some of the stimulus spending so he could "save or create" an additional 600,000 jobs this summer.  These numbers come in the context of an earlier Obama promise that his recovery plan will "save or create three to four million jobs over the next two years."

Painting a street green hasn't stimulated one new job.  In Baltimore, the 300 block of East 23½ Street is getting patched up in time for winter.  One economic stimulus program is paying to insulate 11 rental rowhouses, another is paying for furnaces and a third is covering the cost for reflective roofs to be installed by prison inmates in a job-training program.  The block is part of one of the biggest initiatives ever undertaken by the federal government, a nationwide push to improve the energy efficiency of buildings.  But ... the work on East 23½ — even with all of its activity — has so far not produced a single job.

Jobs Created or Saved' Is White House Fantasy.  When the government distributes lucre or loot, people spend it.  If your interest is national income accounting, spending other people's money is great.  Spending is a back-door way for government statisticians to measure what matters, which is the real output of goods and services.  But the government has no money of its own to spend; only what it borrows or confiscates from us via taxation.

GOP on health care:  In 568 words, what's wrong with 1,990 pages.  Texas Republicans on Friday [10/30/2009] ridiculed claims by the White House that President Obama's stimulus package had created or saved exactly 19,571 jobs in Texas — and 640,329 jobs nationwide.  Rep. Lamar Smith, R-San Antonio.  Citing recent Labor Department figures, said the Obama administration promised the stimulus would create 269,000 jobs in Texas "but we lost 225,300."

NY jobs don't add up.  [Scroll down]  The spokesman could not immediately give a breakdown of what the new jobs entailed.  But a memo issued by Deputy Mayor Edward Skyler suggested the number of stable new jobs was under 300.  The memo had a footnote explaining that the city used a formula required by the feds to count 2,882 "full-time-equivalent" as created jobs. That number was based on 19,518 youths who took part in a summer employment program, Skyler said.

GOP challenges job stimulus data.  The government watchdog in charge of tracking stimulus dollars said he can't be sure how many jobs the $787 billion program has created, admitting it "could be above or below" the 640,000 jobs the administration touts.  Republicans said false numbers amount to "propaganda" and that the uncertainty should cool Democrats' talk of passing a second stimulus bill.

Kelo, GM, and the Stimulus:  Three Examples of Government-Induced Failure.  [Scroll down]  The chairman of the government's Recovery Accountability and Transparency Board has told lawmakers that he cannot "certify that the number of jobs reported as created/saved on Recovery.gov is accurate and auditable."  What is transparent is that these people don't know what the heck they're doing and that the mother of all boondoggles looms on the horizon.

A $787 billion waste.  So many billions out the door — and nary a clue about what Americans got in return.  That's the tragic-but-too-true story of last February's $787 billion federal stimulus program — the first major legislative package out of Washington after the Democrats took control of the city.  What a monumental waste.  The Obama folks claim that, as of Oct. 30, stimulus funds "created or saved" 640,329 jobs.  They might as well claim 640 billion.  The truth?  No one really knows if the package "created or saved" any jobs.

Stimulus benefits at least 14 percent phony, and counting.  California's state government said it took its share of stimulus money and saved 18,229 corrections jobs.  But fewer than 5,000 of those jobs — perhaps fewer than 1,000 — were ever in any danger of being lost, according to a letter released this week by the state's auditor.

The New War against Reason.  Over the last nine months, the official government website Recovery.gov has informed us how the stimulus has saved jobs — even as hard data reflected the unpleasant truth of massive and spiraling job losses.  In other words, not the real number of jobs lost, but rather the supposed number of jobs saved by Barack Obama's vast dispersion of borrowed money, was to be the correct indicator of employment.  The message?  In superstitious fashion, the public is to ignore what statistics say, and trust instead in the Obama administration's hypotheses.

These Boots Are Made for Talking.  According to a report from a shoe store in Campbellsville, Kentucky, the Army Corps of Engineers "created or saved" nine jobs when it used money allocated by the American Recovery and Reinvestment Act to buy nine pairs of work boots.  The Wall Street Journal reports that the store's owner, frustrated by the government's confusing online forms, enlisted the help of his 42-year-old daughter, who figured nine — the number of people who would use the boots on the job — made as much sense as any other answer.

The biggest lie yet.  Now, after a quick assessment of the Obama Recovery through October, one is stuck with the conclusion that his spending spree has resulted in 10.2 percent unemployment — except, of course, in such places as Washington, DC, where government jobs are immune to recession.  That would be double-digit unemployment — so now you know why Obama cleverly framed his recovery program in terms of jobs "created or saved."  His administration announced that through October, the American Recovery Act had "created" or "saved" 640,329 jobs.  However, a growing number of skeptics, even among his once-adoring media, found some very questionable accounting methods used to come up with that figure.

Who In the White House Has Ever Created a Job?  After 10 months and the authorization of $787 billion in government spending, the economic policies of the White House and the Democratic Congress have failed.  15.7 million Americans are out of work, 3.2 million of them since the stimulus was first passed in February.  Unemployment, at 10.2 percent, is higher than the President promised it would be if he did nothing.  The Obama-Pelosi-Reid economic policies are hurting, not helping.

Time to corral 'Sheriff Biden'.  President Obama's early, overeager claims of his stimulus package's success have crumbled under media scrutiny.  After making big promises, he needed to make claims about "jobs created or saved," but polls show that the public hasn't bought it.

Jobs Summit Charade.  The very idea of a jobs summit does not make sense.  To begin with, we don't wish to create jobs.  It is possible to create jobs by hiring people to dig ditches and fill them up again.  The strength of the economic system of market capitalism is that it allows people to be productive, much more productive than any other economic system.  So the very title of the summit is misguided.

The title is off topic, but the article is not.
I was a birther before Obama's certificate questions.  We now know that the job gains reported by Washington this past spring were an illusion.  Early in 2010 the Labor Department will subtract about 824,000 jobs from its official count in what is called a "benchmark revision" to more accurately reflect the jobs that weren't created this past spring.

Jobs or Snow Jobs?  President Obama keeps talking about the jobs his administration is "creating" but there are more people unemployed now than before he took office. How can there be more unemployment after so many jobs have been "created"?

Stimulus Watch:  Now it's fake zip codes.  Recovery.gov, the Obama administration's supposedly transparent attempt to let citizens know how every dollar of the $787 billion stimulus package was spent, is turning out to be a lot more comic fiction than fact.  Not only have fake jobs been reported in phantom congressional districts, Steve Allen Adams of NewMexicoWatchdog.org discovered that some of the $27 million of federal money his state received also went to nonexistent zip codes.

Now stim bill money being sent to fake zip codes.  Jim Scarantino of New Mexico Watchdog was the first to uncover the fact that stim bill money was being listed as spent in non-existent congressional districts.  Now he's uncovered another tasty tidbit; the money is going to fake zip codes.

Phantom zip codes also found in Virginia.  As much as $9.5 million in federal stimulus dollars went to 14 zip codes in Virginia that don't exist or are in other states, Old Dominion Watchdog reports.  The fake zip codes were listed on Recovery.gov, the federal Web site that is supposed to track how the stimulus money is being used.

Stimulus money sent to phantom ZIP codes in North Carolina.  The federal government sent 2.5 million stimulus dollars to North Carolina ZIP codes that don't exist.  The information came from the government's own Web site — Recovery.gov. ... It lists 479 North Carolina ZIP codes as the destination of $4.2 billion in grants, contracts, and loans.  Four of those ZIP codes — 24858, 28389, 23854, and 27600 — are nowhere to be found on U.S. Postal Service maps.  In the four ZIP codes, the Web site reports, the $2.5 million created 0.5 jobs all told.

The Editor says...
How does the government create half a job, and who has that half-job now?

You Have to Watch Both of Obama's Hands.  It comes down to this:  Borrow and spend to create jobs, regulate to destroy them.  The original $787 billion stimulus package is due for a supplement that will bring the total to around $1 trillion.  Spending so far has created or "saved" between 1.7 million and 2 million jobs says Christina Romer, chairman of the President's Council of Economic Advisers...

The Editor says...
Just a reminder:  One trillion dollars divided by two million jobs equals $500,000 per job.  That's assuming that two million jobs are actually created, which they probably won't be.

Democratic Payoffs, Er, Stimulus.  [Scroll down]  Consider the $787 billion stimulus bill.  Veronique de Rugy and Jerry Brito of George Mason University report that "a total of 56,399 contracts and grants totaling $157,028,362,536 were awarded in this first quarter for which Recovery.gov reports are available.  The number of jobs claimed as created or saved is 638,826.54 — an average of $245,807.51 per job."

A Big Snow Job.  As the economy continues to destroy jobs, we hear a new excuse.  Frigid weather, the White House says, made the jobs report look worse than it is.  Actually, even without snow, it's worse than you think.

'Anti-Lobbyist' Obama Administration Recruited Left-Wing Lobbyists to Sell Bogus 'Green Jobs'.  A FOIA [request] reveals the Department of Energy turned to George Soros and to wind industry lobbyists to help cover up two economic studies pointing to the failure of European wind energy programs.

How the Labor Dept. finessed the jobs report.  As you know by now, the Labor Department last Friday [3/5/2010] announced that the country had lost another 36,000 jobs in February.  Sure, that's a lot fewer than the amount of jobs the economy had been shedding last year.  But if the pace of early 2009 had been maintained, none of us would be working by now.  So the slowdown in bad news was to be expected.

Media Plays Along With WH Employment Report Whitewash.  As many have pointed out for months, the expanded version of the unemployment rate has been well above 15% for quite a long time, and it at least occasionally gets referenced in media reports and political pronouncements.  But on the jobs added/lost front, what the press, pundits, and even opposition politicians are continuing to ignore is the key information that leads to the "seasonally adjusted" figure on which everyone seems to fixate — to the point where it's not unreasonable to believe that almost everyone in America believes that 36,000 jobs lost is what really occurred during the month.  It isn't.

Your "Stimulus" Dollars Hard at Work:  Social Engineering and Tax Increases.  [The "stimulus" package] has clearly failed to meet its stated goals (after all wasn't the unemployment rate not supposed to go above 8 percent with its passage?).  Instead, taxpayers have had to watch helplessly as their money is being doled out to prop up government rather than stimulate job creation in the private sector, and is being spent on questionable projects under the even more questionable — and debunked — claim of "saving and creating" hundreds of thousands of jobs.

Lucre for lobbyists.  The American Reinvestment and Recovery Act (ARRA), or stimulus, has been subject to a great deal of criticism since its enactment in February 2009. ... The stimulus package was supposed to alleviate the Great Recession's burden on struggling Americans. ... Since President Obama placed his signature on the stimulus, 2.16 million Americans have lost their jobs, total unemployment is at 14.9 million, and the Great Debt stands at $12.7 trillion.

Underworked Americans hit 20.3 percent.  We've heard it all before, but no matter what the Obama administration claims, economic recovery has not arrived.  Last Friday in North Carolina, President Obama said the economy is "beginning to turn the corner."  At the end of May last year, he claimed, "We are already seeing results." ... Mr. Obama's profligate policies have destroyed vast amounts of wealth, and all there is to show from the stimulus is massive debt.

White House Caught Altering Stimulus Baseline Projection by 7 Million Jobs.  The number of jobs in the U.S. is currently 129.7 million.  So to justify the Administration's current claim of 2.8 million jobs "created or saved" by stimulus, they need to also claim that without that stimulus there would be only 126.9 million jobs.  That's exactly what they do, displayed as the "baseline projection" level in the graphic [shown in this article] from an April 14, 2010 report.

An Age of Untruth.  Recoil from the word "stimulus" — whether used by a Republican or Democratic administration.  There is no such thing as an easy, fuzzy notion of instant money creating economic growth.  Instead it is a euphemism not for borrowing, but for massive borrowing and unsustainable debt.  Indeed, note that we do not even use words like "borrowing" or "debt," but instead prefer "deficit" (e.g., It's only a year-to-year thing) and "stimulus" (e.g., spending what we don't have somehow makes us richer in the future).  "Stimulus" is thus a lie as it is used, or at best a half-truth.

$1,152,642.36 for every job created — if the report is true.
Stimulus created nearly 683,000 jobs in first quarter.  The White House's $787 billion stimulus plan funded 682,779 jobs in the first quarter, administration officials said Friday [4/30/2010].

Only 6,662,000 More Needed in 2010 to Fulfill Obama Promise.  Any positive job growth is good news to be sure.  But in order for Obama to meet his pledge of 4 million jobs created by the end of 2010, the U.S. economy would have to add 932,000 jobs each and every month between now and the end of the year, taking into account both temporary jobs and the number of new positions needed to keep even with population growth.  According to the BLS, 2,662,000 jobs have been lost since February 2009.

Obama Hypocrisy on Small Businesses and Jobs.  After 15 months in office, Obama has yet to make any good decisions to help small business or create jobs.  Instead, additional levels of Obama Administration bureaucracy stifle innovation and burden American entrepreneurs with silly new rules buried in thousands of pages of legislation.  In short, Obama is killing the American growth machine.  Evidence of Obama's assault on business, capital and innovation is everywhere.

There's a noticeable boom in the fake job market.  The Bureau of Labor Statistics reported that 430,000 new jobs appeared in the US economy in May.  That, of course, would be reason for profound joy, except for the fact that 411,000 of those jobs were temporary, part-time positions created by the US Census.  And we don't really know whether the Census is making its employment statistics look better by churning workers and hiring unnecessarily.

Obama:  Not as honest as FDR.  [Scroll down]  The United States in the 1930s recognized that government-funded make-work jobs were not the same as real jobs.  To be sure, jobs financed at taxpayer expense were plentiful.  But back then, the Bureau of Labor Statistics didn't count people on work relief as employed.  In fact, persons listed on Depression-era work-relief rolls were not included in the labor force at all.  Nowadays, the unemployment rate equals the number of unemployed persons divided by the total civilian labor force.  If you are working as a temporary census enumerator or planting road signs along the highway courtesy of a government "stimulus" grant, you are considered employed.

Obama Jobs.  The Obama White House, stung by criticism of the recent May employment report, which showed virtually no job growth beyond the 411,000 temporary census workers, is attempting to find ways to put as many of the 411,000 in permanent government jobs. ... Another byproduct of the census hiring?  "It's essentially a new job created if these volunteers move back to the unemployment rolls [and then back to a fulltime job in the federal government]," says a Senate Democrat leadership staffer.

Obama's Problem Isn't Leadership — It's Liberal Policy.  [Scroll down]  People want jobs and, despite Obama's claim of "saving" them, the most recent job-growth numbers prove that federal spending is insufficient to the task of raising employment levels.  (Nevertheless, the president has just asked Congress for an additional $50 billion in recovery funds.)

Obama's endless summer of spending.  The White House kicked off a "recovery summer" public relations blitz yesterday to promote the alleged benefits of stimulus spending.  The mood of self-congratulation was interrupted by a Labor Department report that found initial jobless claims for the week climbed by 12,000.  A Conference Board survey showed the average wait in unemployment lines increased from 30 weeks at the start of the year to 34.4 weeks in May.  It won't be a summer of love in those households.  Vice President Joseph R. Biden Jr. was enthusiastic, declaring the stimulus "an absolute success" on Wednesday [6/16/2010].

The Truth about the Unemployment Rate in America.  Changes in the unemployment rate are driven by interaction of job destruction, which consists of job losses through voluntary and involuntary job termination and job creation resulting in the hiring of employees.  This interplay of job destruction and job creation drives the changes and direction of the unemployment rate.  James Sherk at the Heritage Institute points out in his latest article that job losses in the current recession are not as severe as they were during the recession in 2001.  The reason the unemployment rate is so much higher in the current recession is due to the lack of job creation.

Obama's Funny Numbers.  Last week, as Congress failed to pass a bill that would have extended unemployment benefits, the Obama White House put out talking points for Democrats on Capitol Hill going home to their districts, as well as to the talking head class, pushing the message that Republicans were "sabotaging" the U.S. economic recovery for political gain.  By Sunday [6/27/2010] those points were being pushed on the blogosphere and elsewhere, but some Republicans on Capitol Hill are wondering whether the Obama Administration isn't cooking the books itself...

I'll Take a Double-Dip.  While Obama spins rising GDP and a falling unemployment rate as proof that his economic policies are making our economy stronger, the Thief-In-Chief is engaging in a campaign of bald-faced lies and he knows it.  Our economy is essentially dying, the victim of institutionalized chaos and growing uncertainty.  The only thing keeping it alive at this point is money seized from those who earned it and given to those who didn't, while the government coerces them into buying cars, or appliances to prop up the federal government, or its major propagandists and campaign contributors at General Electric and SEIU.

Results not matching Obama rhetoric.  The administration pushed the $862 billion stimulus package last year as a measure to keep the unemployment rate from going over 8 percent.  It's at 9.5 percent and would be at 10 percent if hundreds of thousands of people had not simply stopped searching for a job.  A New York Times/CBS poll found 6 percent of Americans believe the last stimulus created jobs.

Obama awards huge loan guarantees to solar companies promising scant jobs gains.  During his weekly address to the nation over the Fourth of July weekend, President Obama announced that the Department of Energy was awarding $2 billion in loan guarantees to two energy companies — Abengoa Solar and Abound Solar Manufacturing.  The plan, Obama said, is for the companies to use the money to construct solar plants and panels to power thousands of homes — and create 5,000 jobs in the process.  Only about 1,600 of those jobs are slated to be permanent, though, meaning that the total cost to the taxpayer for each permanent job would exceed $1 million.  But over the past week, observers have questioned whether even that high figure accurately represents the total cost of the president's plan.

Obama aborted the recovery.  The Obama administration has declared "Recovery Summer," basically an ad campaign claiming wondrous job-creation results for $1 trillion or so in stimulus funding.  Even more impressive, however, are the steps the administration has taken to destroy jobs at the very time it claims to be focused on their creation.  And if we consider the sorts of jobs under attack by the administration, it's clear there is method to the mayhem.  Many thousands of existing jobs have been killed, and many thousands more that could be created are instead being aborted.

Squandering the Stimulus.  The strategy behind Obama's latest stimulus sales pitch goes like this; a large portion of the stimulus funding is about to be spent this summer and Obama, like Superman, plans on swooping down upon various stimulus funded projects to declare, as only a President as arrogant as Obama can, that his policies have saved the day.  In truth, the "Summer of Recovery" is nothing more than a political ploy that was built in to the stimulus with the hope that it will lift Democrats' prospects in the mid-term elections.

More about the so-called stimulus.

Recovery summer?  Obama can't spin this one.  In May, total non-farm employment grew by 431,000 jobs — and 411,000 of them were temporary Census worker positions.  In June, 225,000 Census jobs ended, and the private sector created only 83,000 new jobs in their place.  Last week, Obama traveled to Missouri and Nevada to sell his "Summer of Recovery" propaganda.  But the people aren't buying it.

"Fruit Loop" Nancy's Stimulus.  Does Nancy Pelosi actually expect Americans to believe extending unemployment insurance is the fastest way to create jobs?  Just a reminder:  This ridiculous woman is two-short-steps from the presidency.  Nancy claims that handing out unemployment checks to the 10% of the jobless labor force is "one of the biggest stimulus' to our economy."  The Speaker supports such an absurd statement by saying "economists will tell you this money is spent quickly."  Nancy can you name the brilliant, and I use this title loosely, economist?  Wait; let me guess, economic genius Paul Krugman?

Obama is pro-growth (of government).  President Obama and his top officials embarked on a public relations blitz last past week evidently designed to portray him as "pro growth."  All such political PR pushes tend to bear tenuous relationships with reality, but in this case the gulf between the truth and what the politicians are saying is about as wide as the Grand Canyon.  Say what he will, Obama's actions since his first day in office have made clear that his business is growing government.

One Job Forward, Two Jobs Back.  The Great Obamanomic Job Creation Machine rumbled into action again over the Fourth of July weekend, promising to spend as much as $2 billion to support creation of 1,585 "permanent" jobs by two solar energy companies.  That comes to a potential cost of over $1.25 million per job.

More about green jobs.

Signs of the Times.  If you could spend vast amounts of other people's money just by saying a few magic words, wouldn't you be tempted to do it?  Barack Obama has spent hundreds of billions of dollars of the taxpayers' money just by using the magic words "stimulus" and "jobs."  It doesn't matter politically that the stimulus is not actually stimulating and that the unemployment rate remains up near double-digit levels, despite all the spending and all the rhetoric about jobs.  And of course nothing negative will ever matter to those who are part of the Obama cult, including many in the media.

If This is "Recovery Summer," I'd Hate To See "Recession Winter".  President Obama is in Michigan today [7/15/2010], begging voters to believe that his economic plans and policies are helping the state, the region and the country recover their economic bearings.  Voters aren't buying the spin, however, and the White House aide who came up with the slogan which Team Obama is deploying along with the president, "Recovery Summer," must be a GOP plant.

Batteries included on tour.  Just a few years ago, the U.S. produced only 2 percent of the world's electric car batteries, but the Obama administration says that if the stimulus is allowed to work that could rise to 40 percent by 2015. ... But so far, it's been a tough sell — voters tell pollsters they don't think the stimulus has helped much, they have a pessimistic view of the direction the country is taking, and are increasingly taking a dim view of Mr. Obama's economic leadership overall.

$287,333 per job:
Obama looks to Bill Clinton for help on jobs as stimulus argument falls flat.  President Obama summoned former President Bill Clinton and business leaders to the White House on Wednesday [7/14/2010] to talk about how to improve the nation's employment situation, on the same day that the administration released a report alleging that their $862 billion stimulus has saved roughly three million jobs.

He came, he saw, he insulted.  [Scroll down]  But the green economy looks like a lot of green for the well-connected.  The president handed $150 million in stimulus money over to Korean CEO Peter Bahnsuk Kim of LG Chem.  LG Chem is an $11 billion Korean conglomerate that hardly seems a candidate for the American Recovery Act.  No wonder the program is so unpopular. ... Obama said his benevolence would create 300 jobs in Holland — but that's $500,000 per job.

This material came from akdart.com
Real Joblessness Grimmer Than Gov't Stats.  Writing in the New York Times in November 2003, Austan Goolsbee, then a professor at the University of Chicago, flamboyantly accused the government of "cooking" the books regarding unemployment.  "The situation has grown so dire," he said, "that we can't even tell whether the job market is recovering.  The time has come to correct the official unemployment statistics to account for those left out."  Professor Goolsbee is now a top economic advisor to President Obama.  Would he admit that the official jobless of 9.5% grossly underestimates the pain of job losses in America and do something to correct the situation?

The Flight of the Money:  Where Has It Gone?  If you go to a movie set, you will see perfect-looking streets, each building front rich in detail, looking as real as real can be.  Yet it's only façade.  One thin piece of painted sheetrock propped up.  Walk around behind it, there's nothing there.  That's GM.  State pension funds in 30-plus states people are counting on, upside down in toto by trillions.  Obama's stimulus.  There are signs stuck here or there with his logo on them, proclaiming the dirt mound or torn up street his "stimulus at work."  The sign-maker was stimulated.  Who else?  That's this entire economy.  A façade.

Update:
Obama Railroading Propaganda Signs.  The U.S. Department of Transportation (DOT) has dropped its requirement for "stimulus" project propaganda signage, according to a communiqué from the department's inspector general.  As of July 15 the policy changed, the I.G. says, and signs and plaques promoting the American Recovery and Reinvestment Act (ARRA) at jobsites and on things like "stimulus"-funded railroad cars were "strongly encouraged" in lieu of the mandate.

Obama's Economic Time-Bomb Set to Explode in 2011.  If you listen to the lies spewing forth from the lips of the Obama Administration, the US economy is improving, millions of jobs are being "saved or created" and we're well on our way to a strong recovery.  But, the volatility of the numbers that Obama and economists in his pocket use to try and convince us that our financial situation is improving tell an entirely different story.

Barack Obama's Endless Crises:  Only [Barack] Obama and Joe Biden believe that the job trajectory in America is positive. Everyone else — those who actually look at data or look for work — are scared witless. Each job opening has five to six applicants. The average unemployment period now extends to 35 weeks, the highest since the end of WWII. Last month, more than six hundred thousand Americans gave up looking for work. The same report revealed that average hourly earnings for those lucky enough to be working have fallen. Average hours worked also dropped. These figures simply get worse from month to month. But somehow, all of this deteriorating evidence leads the smartest man who ever held the office of president (according to historian Michael Beschloss) to proclaim that we're on the right track.

Stimulating Unemployment.  [Scroll down]  But Mr. Obama was nonetheless obliged to concede that, 18 months after his $862 billion stimulus, there are still five job seekers for every job opening and that 2.5 million Americans will soon run out of unemployment benefits.  What happens when the 99 weeks of benefits run out?  Will the President demand that they be extended to three years, or four?  Only last week Vice President Joe Biden was hailing the stimulus for "saving or creating" three million jobs.  This week the White House says we need even more stimulus, in the form of jobless checks, to make up for the jobs his original spending stimulus didn't create.

Are Barack Obama and Gibbs really this ignorant or are they being dishonest?  Last week President Obama did a photo op at a GM plant.  In remarks to the assembled GM workers Obama took credit for saving their jobs.  In fact, he took credit for saving the "American auto industry."  The problem with this is that he was being dishonest or showing his ignorance.

Presidential Self-Adulation Hits New High.  Since mid July, the president and vice president have been on the road crowing about all the jobs they have "created or saved" — some three million to eight million jobs in all, depending on who's talking (Biden and the administration's top economist go with the more conservative three million figure, while the president jacks it up to eight million).  Either way, the number is way up from where it stood when the president appeared before the nation on the Oprah Winfrey show (the administration was then claiming to have rescued only about a million jobs).  Now this is a remarkable accomplishment, given the fact that the economy (I mean the real economy) has suffered a net loss of 2.35 million jobs since the passage of the National Recovery and Reinvestment Act.

Obama:  I saved Ford by bailing out its competitors.  They didn't take his bailout money, but the president claims credit all the same.

Jobless Nation:  Heckuva Job, Barack.  Earlier this season, Team Obama launched a PR offensive designed to convince Americans that a real economic recovery was underway.  They called it "Recovery Summer!" Note the exclamation point.  They wanted you to really, really get that they believed we were in "recovery."  It wasn't just a "recovery."  It was "Recovery Summer!"

Welcome to the Second Great Depression.  Last Tuesday morning, Secretary of the Treasury Timothy Geithner "welcomed" us to the recovery. ... In fact, the Second Great Depression is just beginning.  And just as during the First Great Depression, economic liberals are declaring that it doesn't exist.

Barack... You're 30% Right, but 100% Wrong!  Like the fuzzy-math Team Obama uses to tell us that so many millions of jobs have been "saved or created" due to stimulus funds. ... Yes, I understand that his speech on the state of our American economy was geared towards pumping up unions and union workers so they feel the need to get out there and raise the dead to vote for more pro-government interventionist ideologues in November, but Mr. Obama can't even complete a sound analogy (the teleprompter must have froze).

O looks silly pushing 'creation' myth.  I Don't have the heart to break any more bad news to President Obama.  So, if you happen to have his phone number, please deliver this message:  Go easy on the upbeat chatter about the number of jobs being created by private companies.  Your information is inaccurate.  The president, I'm sorry to say, is starting to look very foolish.

What's Holding Back The Hiring?  Start With Obama's 10 Job Killers.  President Obama claims that he's concerned about "jobs, jobs, jobs," but he has signed laws, issued executive orders and approved regulations that create incentives for private-sector employers to lay off people or delay hiring people.  It's no wonder high unemployment persists.

Summer of No Recovery.  Against [a long] list of facts, President Obama claims that the economy is getting better.  This administration's ineptness at promoting growth is equaled by its ineptness at spinning facts.  The Obama administration also touts that the stimulus passed in February of 2009 created or saved 3.5 million jobs.  Of course, the president has chosen a standard of measure that is not and has not been tracked before.

New fairy tales from Obamaland.  [Obama, Reid and Pelosi] spun two new fantasies just this week.  The first was that without the latest Obama-Reid-Pelosi government bailout, at least 100,000 teachers would lose their jobs this fall. ... [But] the vast majority of those dire warnings of 100,000 teachers being laid off were mostly just hot air.  And here's something else to ponder:  If it cost $10 billion to save 100,000 teachers' jobs, they are each being paid $100,000 a year.  Since the national average teacher salary is just over $54,000 a year, somebody — federal bureaucrats? — is making a bundle on overhead.

Jobbed In America.  Obamanomics has done more than just keep unemployment high during a modest recovery.  It may also be keeping high joblessness permanent by raising the costs to businesses of hiring new workers.  July's 9.5% unemployment level was bad enough.  But the real problem is that the private-sector jobs machine, which is usually going full tilt at this point in a recovery, now seems to be broken.  To many, it's becoming clear that if President Obama's radical job-killing agenda stays in place, job growth will be nonexistent.

Have You Ever Noticed?  The dog days of August have arrived.  The "summer of recovery" is evolving into a "winter of discontent" as virtually anywhere one looks, reality overwhelms the rhetoric of the ruling class.

Stop Obama's tax-paid propaganda.  Recovery.gov, for example, is a tax-paid website that cost $18 million to create, yet does little more than peddle job-creation data that are discredited almost as soon as they are posted.

The Ride Down.  Revised numbers from the Labor Department show negative job growth during June 2010.  For each job opening, there were five persons looking for work, and 300,000 fewer workers were hired in June than in May.  The ride down continues.  Meanwhile, Treasury Secretary Geithner, erstwhile cheerleader for the Obama economic team, announces that unemployment rates could rise "for a couple of months."

Obama Job Claims Undercut by Report.  Rep. David Camp (R.-Mich.) revealed Friday that, based on Department of Labor data, 48 of 50 states have lost jobs despite the administration's prediction that the 2009 stimulus would save or create over 3 million jobs.

Recovery Bummer.  [Scroll down]  No matter how well-documented the economic wreckage wrought by progressive "solutions" is, or how many times Keynesian economic models have failed, we have a Democratically-controlled Congress and an Obama administration willing to "double down" against history, common sense — and the wishes of most Americans.  Ask yourself how many times in the last year alone you've heard the word "unexpected" attached to an economic report, as in last Thursday's "unexpected" rise to 500,000 unemployment insurance filings — or the "unexpected" rise of unemployment to almost ten percent, despite the Obama administration's assurance it wouldn't top eight percent when American taxpayers were fleeced for $865 billion in a "stimulus" package.

These days, it's best to expect the 'unexpected'.  The national economy is in the tank — unexpectedly.  At least it's "unexpected" by the mainstream media, and professional economists.  After all these months, these pampered pukes remain flummoxed by how clueless their hero Barack Obama has shown himself to be on economic (and other) issues.

Honey, I Shrunk My Approval Ratings.  In what will rank as one of the all-time presidential PR disasters, we're now well over half way through what the White House called "the summer of recovery."  And what a recovery it's been.  Earlier this month, first-time claims for unemployment hit a nine-month high.  The unemployment rate remains at 9.5% and 18.4% of workers are out of a job, can only get part-time work, or have given up looking for a job altogether.

Explaining 'Lives Touched' to the Mainstream Media.  In late July, a Government Accountability Office report circulated which analyzed stimulus funding being spent by the Department of Energy.  The main gist of that report involved the cost of each job being generated by the stimulus bill — a staggering $194,000.  Tucked away in that report was a phrase that was new to most of us, a way to calculate jobs through a term called 'lives touched'.

Biden Recovery Tour:  Making Stuff Up in Toledo.  The White House's "Recovery Summer" tour is beginning to resemble a jalopy wheezing from town to town, consuming whatever fuel will keep it going.  Throw in Veep Biden, and it is a full-blown farce.  Biden dove into Toledo, Ohio, on Monday [8/23/2010] amid evidence of a stalled economy to once again boast to yet another UAW audience of the president's "transformed U.S. auto industry."

Cooking the books on job claims.  Administration officials passed around the champagne Tuesday [8/24/2010] as the Congressional Budget Office reported that the $814 billion spent on the first stimulus bill created between 1.4 million and 3.3 million new jobs.  President Obama's policies "put the country on a path to recovery by getting Americans back to work quickly," Vice President Joseph R. Biden Jr. crowed.  "We've created 3 million jobs, and we're adding jobs every month."  As is obvious to anyone living outside the Beltway, there's not much cause for celebration in this economy.

How is your "Recovery Summer" going?
Debt, Depression, Default.  America is in Deep Trouble.  Consumers are spending less.  Small retailers are closing shop — even cable television subscriptions are seeing a loss in revenue.

A perfect pitchman.  Joe Biden was an inspired choice as spokesman for the "summer of recovery." ... Biden is still hawking his recovery summer, even as GDP growth slows to a crawl, and he'll still tout the marvels of the stimulus even if we dip into negative territory again later this year.  He makes the late, great pitchman Billy Mays look restrained and rhetorically scrupulous by comparison.

Obama:  Stimulus Stopped Possibility of Second Depression.  Before President Barack Obama began touting the political bonafides of Michael Bennet — at a fundraiser for Bennet — he made sure to mention that his year old stimulus stopped a second depression.  "One year later, thanks largely to the Recovery Act, we can stand here again and say that a second depression is no longer a possibility," Obama said, adding all the statistics about job growth ("about 2 million") and economic growth ("nearly 6%").

15 Reasons Why Obama's Claim Is Dead Wrong.  There is no way in the world that Barack Obama should have ever said that "a second depression is no longer a possibility."  In fact, as the U.S. financial system continues to crumble, it is likely that those words will be exploited by his political adversaries again and again.  If you are a politician and you are going to issue a guarantee, you had better be able to deliver the goods.  In this case, Obama is making a promise that defies all of the economic data.

President Obama Reacts to August Jobs Numbers.  Flanked by members of his economic team — including outgoing Council of Economic Advisers Dr. Christina Romer, whose replacement has yet to be named — President Obama chose to look at the silver lining in the economic clouds of today's jobs report — not even mentioning that August saw a net job loss of 54,000 jobs.

Is Obama Dishonest, Naive or Both When He Talks About Our Economy?  Last week President Obama spoke to the White House press corps — and by extension the nation — to claim that the nation saw job growth of 67,000 jobs in August.  Even if this number was real it would be a pitifully tiny percent of the 14,885,000 who are both on unemployment (1 in 10 Americans) as well as those 23,768,000 who are underemployed (working but not earning enough for basic needs — 1 in 5 families).  The bigger problem for the president, however, is that the number isn't real.  The fact is the nation saw 114,000 people added to the unemployment lines in August and the net jobs lost for the month sat at 54,000.

Obama to offer new stimulus measures.  "The key point I'm making right now is the economy is moving in a positive direction, it's just not moving as quickly as we'd like it," Obama said.  Obama was asked if he regretted describing the last three months as the "recovery summer."

Obama Did Create 3 Million Jobs — in China.  President Obama should be saying, "My economic stimulus plan has preserved or created 3 million jobs — in China."  He keeps leaving out the words "in China."  His plan is stimulating American demand for imports, not demand for American products.  The latest unemployment report (9.6% in August) shows that the U.S. economy is stagnating, not recovering.  Unemployment has stayed in the 9.5% to 10.2% range for the past 13 months...

The Names Have Been Changed to Protect the Guilty.  These days, Barack Obama would rather talk about his birth certificate than use the word "stimulus."  At the press conference that wouldn't end last week, Obama was asked if his latest and greatest spending proposal amounted to a second stimulus.  He answered, "There is no doubt that everything we've been trying to do is designed to stimulate growth and additional jobs in the economy," but adamantly avoided the dreaded s-word.

Reaping the Whirlwind.  There is a sense of foreboding rising in this country. ... Every jobs report is a "surprise" of increasing unemployment, the real level of which is around 22 percent, not the 9.5-percent fiction the Obama administration touts.  Great-Depression levels of unemployment do not support the "recovery summer" propaganda.  Teen unemployment is at levels above 25 percent as adults take jobs traditionally filled by teens.  Americans are not fooled by the government spin; they see the evidence every day.

Even Obama Is No Longer Pushing Green Jobs.  [Scroll down]  Whip out your calculators:  82,000 into $20 billion means those green jobs cost about $243,902 each.  Let's hope they pay well.  The high cost per job should come as no surprise; despite the hype from green groups and the administration, cleantech jobs generally require enormously expensive subsidies.  For example, back in January, the administration was touting the $2.3 billion in manufacturing tax credits as creating 17,000 jobs — or about $135,294 per job.  Even that tally proved to be overly optimistic, given the fact that many of those jobs went to other countries.

Clueless panel declares end of US recession.  Official economy-watchers announced yesterday [9/20/2010] that our worst recession since the Great Depression quietly ended when we weren't looking — back in June 2009.  While it's hard to swallow for those who stand in longer jobless lines and for others who see paychecks shrinking, a panel of top economists at the National Bureau of Economic Research concluded that we hit a formal bottom — and end — to the economic dip 15 months ago.  Oh, really?

Obama team uses flimflammery to inflate job numbers.  Are you a financial adviser?  You may not know it, but you've got a green job.  Are you a wholesale buyer?  You've got a green job, too.  Or maybe you're a newspaper reporter.  You, too, have a green job — at least according to the Obama administration.  For months, Republican Sen. Charles Grassley has been pushing the administration to substantiate its claims of having created nearly 200,000 green jobs.  More fundamentally, Grassley has asked Labor Secretary Hilda Solis to state clearly what a green job is.  So far, he hasn't gotten an answer.

Obama's Costly Green Jobs Project.  The transcript of President Obama's weekly address on whitehouse.gov is titled, "President Obama Lauds Clean Energy Projects as Key to Creating."  Creating what? one might ask.  The word "Jobs" seems to be missing, perhaps like the jobs themselves.

Obama vs. Reagan.  The phrase "Great Recession" is an Obama Administration term intended to give the impression that when Barack Obama came to office, the nation faced the greatest economic challenges since the Great Depression.  Actually, Ronald Reagan faced a much more daunting situation when he first took the oath of office.

Every Month, They're Lying.  Figures for the last significant jobs report before the November election are a major embarrassment for the administration.  On October 8, the labor department reported a decline of 95,000 workers, a figure much worse than economists had estimated.  This decline in jobs is inescapable proof of the failure of the president's economic policies.  As if the September employment numbers were not bad enough, the figures for August were revised downward by 57,000.

Bam job-boost claim a lame shame.  As head cheerleader of the stagnant and stumbling economy, President Obama has lost all the frills on his pompoms.  Exhausted, he stood before cameras yesterday [10/8/2010] and, in dreary cadences of despair, did his best to draw lipstick on the mouth of a sick pig.  Any way you try spinning it, the latest job numbers are disastrous for Democrats desperate to hold on to power in next month's elections.

Oops. Obama's 'Saved Job' Was Just Lost.  Oh, it was a thing to be celebrated when Obama's payoff to the teachers unions back in August "saved" the job of Ohio school teacher Amanda VanNess.  It was such a thing of wonder that the big guy flew the elementary school teacher all the way to D.C. for an Oval Office signing ceremony.  Happy days were here again... and it lasted less than three months because VanNess still lost her job this month anyway.

'No such thing as shovel-ready projects'
The political suicide of President Obama.  Liberals sit down with the New York Times the way Catholics enter the confessional:  To make a clean breast of their sins and to ask for absolution.  Except that the Gray Lady offers no promise of confidentiality.  President Obama has given an interview to the Times Magazine that will appear in full next Sunday [10/17/2010].  Already, however, his quoted remarks are causing a political earthquake.

America, we have a problem.  In a New York Times interview last week, President Obama acknowledged that there's "no such thing as shovel-ready projects."  This was one of his main selling points for the $862 billion stimulus package.  He now admits they don't exist, and the stimulus is clearly not working.  The public was told that unemployment would not go above 8 percent if the stimulus package passed.  They passed it and unemployment went to over 9.6 percent and stayed there.  So now the president and his economic advisors say we might have to just get used to high unemployment.  And they want to spend even more money.

Obamanomics 101.  Since Obama came to office in January 2009, the unemployment has risen from just under 8% to close to 10% — where it has stayed for the past year.  There has been a net loss of about 2.5 million jobs.  Even so, the Obama administration continues to claim that it has "created or saved" about 3 million jobs.  That is a meaningless metric, which is not based on any evidence.

Obama's Impossible Leap.  Early on, candidate Obama pontificated about the need to end tax breaks for companies moving jobs offshore.  More recently, the Creating American Jobs and Ending Offshoring Act attempts to institutionalize that goal in law.  Unfortunately, what Obama and many members of Congress on both sides of the aisle fail to realize is that most of the jobs they propose to save have already left or no longer exist.

White House takes credit for Bush-era wind farm jobs.  The Obama administration is crediting its anti-recession stimulus plan with creating up to 50,000 jobs on dozens of wind farms, even though many of those wind farms were built before the stimulus money began to flow or even before President Barack Obama was inaugurated.

The Ego-in-Chief.  Should the president take a victory lap for an unemployment rate that has increased by 2 percent since he took office?  His economic stimulus package, the laughably titled "American Recovery and Reinvestment Act of 2009," was supposed to keep unemployment below 8 percent.  It now stands right at 10 percent.  The fact is that, despite the misinformation that Obama's stimulus kept the economy from getting worse as some would have you believe, it has only succeeded in slowing the recovery.

Green lipstick on the stimulus pig.  Jobs that carry the "sustainable" stamp of approval will siphon precious taxpayer resources away from the private sector.  It's simply putting green lipstick on the stimulus pig that has squandered more than a trillion dollars with no positive effect on the jobless rate.

Obama's 'Green' Energy Plan Infringes on Liberty.  Since the 2008 campaign trail, Obama has been claiming that his overall "green" plan would create 5 million green jobs over the next 10 years.  However, Obama's "green" agenda will kill more jobs than it aims to create.

Fantasy Figures, Real Pain.  Early Friday morning [12/3/2010], before the Department of Labor released its monthly jobs report, the mainstream media was reporting job gains of as much as 200,000 as more or less the consensus figure.  Never mind that 200,000 was not the consensus among reputable economists.  The mainstreamers wanted the jobs report to turn up as an assist to the Obama administration, and so they fudged their predictions.

Obama's Green Economy Mirage.  In 2008, 1.2 billion cell phones were made and sold worldwide.  Not one was made in the USA.  Dell, one of the largest manufacturers of computers, closed its last plant in Winston-Salem in November and laid off 900 workers.  Computer manufacturing in the U.S. employs fewer Americans in 2010 than it did in 1975.  Printed circuit boards were perfected in the U.S. after World War II and are used in thousands of products worldwide.  84% of circuit boards are now made in Asia.  In 2001, the U.S. ranked fourth in per capita broadband Internet use; today we rank 15th.  What next?  Obama has touted the "green economy" as the answer to the need for new good paying jobs.  It's not happening either.

Green Jobs Promises Dwindle as Obama Policies Backfire.  The subject of green jobs was conspicuously absent from President Barack Obama's most recent $50 billion stimulus proposal.  By contrast, about $92 billion in taxpayer funds — more than 11 percent of Obama's original $814 billion stimulus package, enacted in early 2009 — went to an assortment of renewable energy projects.  But the jobs that were supposed to be created never materialized — at least not in the United States.

The Immortal Tyranny Of Climate Change.  A year after the Climagate scandal decisively exposed the fraud of global warming, and acting in the face of a new Republican House that does not look kindly on climate change flim-flams, the Obama Administration is preparing to enforce their ideology through EPA greenhouse gas regulations.  So much for the latest "hard pivot to jobs," announced only five days ago by President Obama.  These EPA regulations are guaranteed job-killers, dropping a huge new tax on every affected business... which will, ultimately, be every business that uses energy.

Hiding A Depression.  No, we have not emerged from "recession" and there will be no "double dip" — because the first "dip" was straight down to a depression-level economy in 2008/2009, and we haven't come back up.  Creating artificial "free money" on a massive scale that artificially boosts short-term employment is how you segment depression level unemployment into the separate boxes and hide what is really happening.

Jobs Report:  Don't Be Fooled, It Was BAD.  The Labor Department December jobs report is out and when you hear that the unemployment rate dropped to 9.4 percent from 9.8 percent, you might be excused for thinking that it was a good report.  Don't be fooled — it was actually a bad report.

Spinning the Data.  The White House will spin the lower unemployment rate as a great triumph, but it's because people are giving up.

Junk Government Statistics.  The White House, including departing spokesman Robert Gibbs, has steadfastly maintained that the stimulus has created lots of new jobs — 3.5 million, to be exact.  This number has been repeated ad nauseam, despite the fact that our official data show a 9.8% unemployment rate, a full percentage point higher than when President Obama took office, and a loss of 3 million payroll jobs.  For months we've been saying the White House numbers were phantasmagorial — more wishful thinking than reality.

Top 10 Obama Administration Investigation Targets:  [#2]  Stimulus:  The American people deserve to know what they got for the $787 billion stimulus package that Obama signed in February 2009, including how much money was spent frivolously to publicize the legislation.  And where exactly are all those jobs that the administration claims were "created or saved?"

Voters Not Buying What Obama Is Selling.  Most people don't buy the claim that Obama has been busily engaged in pulling the economy back from the brink, or out of a ditch, or whatever.  The Fox News poll finds that more Americans believe the Obama administration's policies have hurt the economy (32%) than helped it (28%).  Thirty-seven percent think they have made no difference.  So, while Obama will inevitably reap some credit as the economy improves, his "back from the brink" narrative (one aspect of which is the "jobs saved or created" theme) hasn't sold, and many voters will think that the improvement between now and 2012 is too little, too late.

Obama: We Can't Predict Where New Jobs Will Come From, But We'll Spend Tax Dollars Trying.  It's no secret that presidents use speechwriters, teams of them.  That's why big speeches often have a flat, written-by-committee feel.  It can also lead to some awkward moments where, in an effort to cover all the bases, contradictory ideas are put in the text.  President Obama's State of the Union address last night had a major example of this.

Obama "Invests" America Into Oblivion.  Don't be fooled.  These aren't investments.  These are confiscations of private-sector capital that Obama has neither earned nor knows how to earn, for that matter.  The left uses the word "investment" each time they're after your wallet.  In fact, Obama sold the failed "stimulus" plan as a package of... investments!  Seriously.  Before he signed the inaptly named "The American Recovery and Reinvestment Act," Obama called it "an investment that will create jobs building 21st-Century classrooms and libraries and labs for millions of children across America."

Obama's Ongoing War on Inspectors General.  A cloud of suspicion hangs over the data Barack Obama and his team have been presenting us regarding the purported success of their own programs.  The figures presented regarding "jobs created and saved" have been contested.  The new metric regarding jobs "saved" has been ridiculed as just a tactic to burnish the numbers.  Analysts have looked at various expenditures and have shown in example after example that each job created is often temporary in nature, sometimes occurs overseas, and is often extremely expensive.

Why Can't Obama Do the Math On Jobs?  Unemployment fell last month, but only because Americans have given up looking for work in record numbers.  On net, 319,000 quit looking for work and left the work force in December.  In November, it was even worse, 434,000.  Over 1.5 million American have left the workforce since August.

The Failure of Obamanomics.  The monthly jobs numbers are both tragic and telling.  Each report brings forth spin from the White House asserting how the economy has turned the corner and the recovery is occurring.  Nothing could be further from the truth!

Is Your Job an Endangered Species?  Eight-hundred billion in stimulus and $2 trillion in dollar-printing and all we got were a lousy 36,000 jobs last month.  That's not even enough to absorb population growth.

Borrowed jobs: A stimulus update.  The Congressional Budget Office reported last week that the Federal Recovery and Reinvestment Act of 2009 (the stimulus bill) "will increase budget deficits over the 2009-2019 period by $821 billion."  That's confirmation that a) the stimulus bill was much more costly than we were told it would be, and b) it wasn't paid for.  What did the United States get for this credit-card spending spree?  The CBO estimates that the stimulus bought us an increase in "full-time equivalent jobs" of between 1.8 million and 5 million.  For that kind of money, you'd think we'd be able to know the results with more accuracy than plus or minus 3.2 million.

A secret Obama doesn't want you to know.  No doubt by now you've heard the story on the nightly news that the Obama economy grew at a weaker pace in the fourth quarter of last year than was expected.  What's that you say?  You didn't hear that on the evening news?  I wonder why.

Jobs Report — Strange Once Again.  So the new jobs report has the unemployment rate below 9 percent for the first time in two years, with 220,000 new private-sector jobs having been created. ... But as is now sadly usual, the overall employment number makes no sense.  It's down nearly 10 percent from November's 9.8 percent, which is amazing — but over the course of those months, only 300,000 new jobs have been created, which shouldn't have been enough on its own to shrink the employment rate at all.

The phony drop in unemployment.  The Bureau of Labor Statistics has again issued data that appears to contradict what the average American sees in his neighborhood and instinctively questions.  The official unemployment rate of 8.9% is a factor of data input which reflects how many people are looking for work, how many ceased to do so, and an estimated size of the current labor force.  However there is a statistic the BLS puts out that does cast a more accurate shadow on the labor situation.  That is the Civilian Labor Force Participation Rate — which is essentially the ratio of the labor force as compared to the total working age (over 16) population.  In November 2008, when Obama was elected that ratio was 65.5%.  In February 2011 it is 64.2%.

Our Workforce Lost 2.33 Million People in One Year?  If you remove 2.33 million people from the labor force within one year, that will indeed help lower the unemployment rate.  It is, however, not the same as helping the unemployed find jobs.

Democrats Not Governing, But Lying in Wait.  [Scroll down]  You'll remember [Obama's] boastful promises that if we would just indulge his "stimulus" idea, he would jump-start the economy and ensure that unemployment would not exceed 8 percent.  Despite getting his way, he has managed to achieve the worst of both worlds:  He'll double the national debt in five years and triple it in 10, yet unemployment is just now — after two years of hovering between 9 and 10 percent — dipping below 9 percent.

Education Spending Won't Create Jobs.  Contrary to President Obama's political rhetoric, more taxpayer spending to send more students to college will not reduce unemployment or improve the economy.  It's just Obama's way of finagling the unemployment statistics by listing young people as students instead of as unemployed.

Faux job numbers could lead to real trouble.  Deception is a dangerous thing.  You never really know when a lie may turn on you.  Take, for instance, the Labor Department's annual springtime boost in the faux jobs market.  While it's nice that the government thinks there is an employment boom coming, this won't be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.

Hi Ho, Hobby-Horse — Barack Obama Rides Again.  The president sold the stimulus bill on the prediction that it would keep the jobless rate below 8 percent.  How then to explain why it rose to 8, 9 and then 10 percent in the months that followed?  No problem.  The president hopped on the "jobs created or saved" hobby-horse — claiming credit for keeping the unemployment rate from going even higher... to "12, 13 or 15" percent.  At first, the administration based the numbers game on a computer model that applied a Keynesian multiplier to government spending (or "investment," in Obama-speak).  If the administration had spent enough money to support two jobs, then it figured that it had "created or saved" three jobs.  The Cartesian logic here was:  It is assumed, therefore it is.  But soon the calculation of how many jobs had been "saved" became even more airy-fairy.

Cooling on global warming.  The fight against climate change has fizzled, with much of the public not believing or not caring.  That's why Obama tries to change the subject to jobs when he talk about energy policy.

President Obama, Completely Wrong on Reason for High Unemployment.  CBS' Mark Knoller, covering a town hall on the economy with the president this morning, reports:  "President Obama blames high unemployment rate on 'huge layoffs of government workers' at federal, state and local levels."  This is completely wrong.  Extremely and mind-bogglingly wrong.

Liberal Media Skip Study That Found Stimulus 'Forestalled or Destroyed' Jobs.  On the front page of Wednesday's Investor's Business Daily, reporter David Hogberg reported that a new study found President Obama's "stimulus" plan "may have destroyed or forestalled employment, including more than 1 million private-sector jobs."  Destroyed or forestalled?  Our media only cites studies which estimate the number of jobs Team Obama "saved or created."

President Obama's Non-Acknowledgment of Today's Jobs Report.  President Obama's comments today made no specific mention of the disappointing jobs report or the fact that the unemployment rate ticked upward. ... But when the jobs numbers are good, the president likes to acknowledge them, and tell people the number.

The Obama Economy.  The Obama administration is 0-for-3 in meeting economic expectations.  In 2009, President Obama and his advisers believed the bountiful stimulus package would give the economy a strong jolt.  It didn't, and still hasn't.  In 2010, Obama declared Recovery Summer and predicted a surge in employment.  The economy lost 283,000 jobs over the summer.  This year, Obama expected a significant ratcheting up of jobs and growth.  There's been a ratcheting down.  The White House always has an excuse.

WPost Fact-Checker shreds Obama auto recovery claims.  President Obama's claims to have saved the U.S. auto industry with government bailouts, takeovers and buyouts in 2009 don't quite square with the facts.

Obama's Phone-It-In Economy.  According to Standard & Poor's/Case-Shiller, home prices in twenty U.S. cities are at an eight-year low, down an average of 29% across the country.  Democrat pundits spin is that "home prices threaten economic recovery."  Recovery?  Really?

Read this article:
Obama's Road to Nowhere.  "There are always going to be bumps on the road to recovery," President Obama said at a Jeep plant in Toledo the other day.  "We're going to pass through some rough terrain that even a Wrangler would have a tough time with."  His audience booed.  They're un-fire-able union members with lavish benefits, and even they weary of the glib lines from his twelve-year-old speechwriters.

Obama wants credit for cleaning up 'big mess'.  President Obama told supporters at a fundraiser in Miami Monday night [6/13/2011] that he deserves credit for cleaning up the mess he inherited.  "My job over these first two years has frankly been to clean up a big mess," Mr. Obama said at a $10,000-per-ticket event at a gated mansion in Miami Beach.  "We were able to make sure we yanked an economy out of what could have been a second Great Depression."

The Obama Job Lies Pile Up.  For the last week President Obama and his Council on Jobs and Competitiveness — a council that's supposed to be jump starting hiring — have been going around the country claiming that there are 2 million manufacturing jobs available right now that are going unfilled because the U.S. doesn't have the skilled workforce to fill those jobs.

The Fountain of Prosperity.  Earlier this week, President Obama attempted to blame high unemployment on automation, specifically the rising popularity of ATMs and airline ticketing kiosks.  The idea is that such machines wipe out jobs by making human bank tellers and ticket counter attendants obsolete.  In reality, such machines are among the tools that help us realize a level of wealth beyond the dreams of our forefathers.

The Audacity of Hype.  How could President Obama have sat in the U.S. Senate for four years and not know that there are no shovel-ready projects?  Every senator who wants to build a post office in, say, Dixon, Illinois, knows you must wait years before putting the first spade to the dirt.  Franklin's cousin Theodore "made the dirt fly in Panama," true, but neither the U.S. nor Panama had to do environmental impact studies a hundred years ago.  Barack Obama should have known that what he was really selling was snake oil.  And his opponents should have been bolder in stopping his raid on the Treasury.

White House Corrects Job Creation "Laughter" Line in Transcript.  Most of the time the lines "Laughter" and "Applause" in a press release of a transcript don't normally garner any attention — except when President Obama is talking about jobs and the two words were interchanged.  At a fundraising event Monday night [6/20/2011], Obama said, according to the White House's official release sent a couple hours later, this line that was noted to be apparently funny to the crowd:  "Over the last 15 months we've created over 2.1 million private sector jobs.  (Laughter)," the release stated.

W.H. flags Drudge-mocked transcript.  The Drudge Report Tuesday morning cheekily linked to an official White House transcript of President Obama's remarks from a fundraiser the night before, which noted the audience laughing at his jobs claims.  "Over the last 15 months we've created over 2.1 million private sector jobs.  (Laughter.)"  said Obama per the transcript, emailed to reporters Monday night at around 11:30 p.m.  It did seem a little strange — because why would Obama supporters laugh at job creation?

The Editor says...
Doctoring the transcript to make the President look better is exactly the same thing as revising history.  The official record has now been changed, but don't ever forget that Obama's dishonest minions tampered with it.  Obama stood there and claimed he had created millions of jobs, and even his most partisan supporters knew immediately that it was either a joke or a lie, and they laughed at him.  That's why they had to change the transcript.

Fudging The Jobs Data.  In Obama's speech at a DNC event Monday, he bragged that "over the last 15 months we've created over 2.1 million private-sector jobs."  Apparently, according to the revised transcript, the audience applauded.  Instead, they should have booed him off the stage.  Sure, 2.1 million jobs sounds like a lot.  But you don't have to look very hard to see that it's definitely not something to boast about.  For starters, the number of private-sector jobs is still down by more than 2 million since Obama took office.

Did Obama Really Prevent A Second Great Depression?  IBD reviewed records of economic forecasts made just before Obama signed the stimulus bill into law, as well as economic data and monthly stimulus spending data from around that time, and reviews of the stimulus bill itself.  The conclusion is that in claiming to have staved off a Depression, the White House and its supporters seem to be engaging in a bit of historical revisionism.  Economists weren't predicting a Depression.

Obama The Luddite.  Before citing the many ways Washington's policies impede job creation, let's first consider Obama's pet theory, which is centuries old and as fallacious as ever.  Believe it or not, he blames high joblessness on automation, technology and efficiency.

Lies And Job Statistics.  The Weekly Standard did the math and pointed out that that amounts to "a cost to taxpayers of $278,000 per job."  Early in the Obama administration, the CEA said that about $92,000 in government spending would create one job for one year.  But it's likely the real cost is far higher than the Standard reckoned.  The Heritage Foundation ... put the price tag at $3.27 trillion, pegging the cost per job at $900,000 to $1.3 million, depending on which figure on job creation or saving you accept.

Oops I Forgot To Create Jobs: A Review Of Obamanomics.  Since the early days of his presidential bid in 2007, many have marveled at Barack Obama's dulcet-toned voice and charming demeanor, while applauding at every word he utters — including what he says about the economy and employment.  Now, roughly two and a half years into his presidency, it is painfully apparent that mere charisma and smooth talk don't "create jobs."

Those Awful June Unemployment Numbers Are A Candy-Coated Fantasy.  On Friday [7/8/2011], the latest Bureau of Labor Statistics report was released, showing that unemployment rose to 9.2% in June, with only 18,000 new jobs added to the economy.  The BLS also revised the already dismal job creation numbers for April and May down by 44,000 jobs.  These "downward revisions" are a standard feature of labor reports nowadays.  The numbers for any given month always seem to be "revised" a few months later, always for the worse.  This raises the understandable suspicion that the initial unemployment report has been massaged by the BLS to keep the headlines a bit less apocalyptic upon its release.

He rescued us?  On Sunday [7/10/2011], on Meet the Press, Treasury Secretary Geithner said "The Amercian economy was falling off the cliff in the Fall of 08 and the first months of [President Obama's] Administration and he put in place the most creative, the most forceful set of economic measures we have ever done as country, and because of that we prevented a second Great Depression ...." If you haven't seen this performance, you should — the forcefulness and conviction with which the Secretary delivered these lines is impressive.  There's something I don't understand.  Why didn't David Gregory, the host of MTP, laugh in Geithner's face?

Are You Better Off?  White House adviser David Plouffe was hammered this week when he offered that "the average American" isn't going to "vote based on the unemployment rate."  His remark gained instant notoriety after Friday's dismal jobs report showing an unemployment rate up to 9.2%.

At last they approach the truth — inadvertently.
The White House: We Don't Create Jobs.  As President Barack Obama once again pivots to focus on economic growth, Press Secretary Jay Carney declared Thursday that "the White House doesn't create jobs."  While undoubtedly true, it was certainly not a sentiment Obama wants to project as Republicans ratchet up criticism of his leadership on economic issues, and his presidential campaign kicks into high gear.

Zero tolerance for job creation.  "The White House doesn't create jobs," President Obama's spokesman, Jay Carney, said last week.  He's more right than he knows.  The policies the administration and Congress put into place have a profound effect on job creation — a profoundly negative one.

Facts? We Don't Need No Stinkin' Facts.  [Scroll down]  Here's two ideas, Mr. president: one, give up the ghost on your tedious and ultimately destructive allegiance to re-distributionist Marxism, masquerading itself as Keynesian stimulus.  It hasn't "created or saved" anything other than government budgets and public sector unions.  Those priorities demonstrate beyond a shadow of a doubt that getting re-elected, rather than fixing the economy, is your first priority.  Second, show Tim Geithner the door.  His credibility, highlighted by his assurance in April that the U.S. would never get a ratings downgrade, is completely gone.  He should be completely gone as well.

Amazing White House Discovery: Unemployment Creates Jobs.  President Obama has lately been pushing a number of policies that he says will create jobs, including extending unemployment benefits.  This is puzzling, since new benefits obviously will not create jobs for unemployed people, who after all are the ones who need work. ... [White House Press Secretary Jay] Carney attributed miraculous qualities to these government handouts, saying "every place that, that money is spent has added business and that creates growth and income for businesses that leads them to decisions about jobs, more hiring."  By that logic the whole country should go on unemployment.

Obama media cheerleaders log overtime.  While the unemployment rate barely moved from 9.2 percent to 9.1 percent last month, it was largely because of 193,000 Americans who last month stopped looking for work and just dropped out of the job market in frustration.  That means they are no longer counted among the unemployed and thus drive down the overall jobless rate.

White House Thinks Unemployment Creates Jobs.  [Scroll down]  So there you have it.  The unemployed create jobs.  If only we had millions more unemployed, we could create millions more jobs, simply by giving the unemployed more money.  I suppose we could triple unemployment benefits and create three times as many jobs on the theory that the unemployed would still spend every penny of three times as much money.  We could be even more creative and extend unemployment benefits to infinity thereby creating an infinite number of jobs.

Obama's Department of Failed Ideas.  The Obama administration is finally going to focus on jobs — again.  Jobs, jobs, jobs.  And nothing says jobs like food stamps, unemployment insurance, and a shiny new federal department of ... yes, jobs!

The Job Wrecker in Chief.  President Obama often tells us that his No. 1 focus is creating jobs, but his record makes you wonder what he might have done differently if his goal were to destroy jobs.  Those who've examined Congressional Budget Office data have calculated that each job allegedly created by Obama's stimulus — and this is if you accept the fantastically generous guesstimates — cost between $225,000 and $600,000.

Well, I guess I'm a fervent partisan.
White House: Only 'Fervent Partisan' Would Suggest Obama To Blame For Job Losses.  When asked questions about the president's upcoming speech on jobs and economic growth yesterday [8/29/2011], White House Spokesperson Jay Carney claimed that only the most 'fervent partisan' would suggest the 8 million plus jobs lost in this recession were lost because of actions Barack Obama took.

White House bluster hides truth.  Everything but the administration's own policies are responsible for the faltering economy.  Irene is only the latest of the "head winds" White House officials blame for feeble economic growth and persistent high unemployment.  There was the earthquake/tsunami in Japan, the fiscal crisis in Greece, the civil war in Libya on top of Arab Spring uprisings in other Arab countries and, of course, Republicans refusing to go along with President Barack Obama's spending binge, er, "investments."

Obama's Hope and Lies.  One thing about the Obama White House:  you can't fault them for a lack of optimism.  Obama has been operating on little more than "hope" for three years now, with rosy predictions of economic improvement just around the corner.  Back in June 2010, the president kicked off "recovery summer" with "groundbreakings and events across the country."  When that recovery failed to materialize, he insisted that we were just going through a "soft patch."  We're still in that soft patch, which is starting seem more like an endless swamp.  No problem.  When rosy predictions fail, one can always resort to lies.

Republicans Grill Officials Over 'Offensive' Definition of Green Jobs.  In a series of tense exchanges, Republicans on a House oversight panel sharply questioned whether the Obama administration was looking to inflate the number of "green" jobs by using a broad definition — which, as it turns out, counts virtually anybody working in mass transit.

Gallup shows U.S. unemployment at 9%.  Gallup released new information on Monday [2/13/2012] showing that the unemployment rate has managed to creep back up to 9.0 percent.  Gallup gathers daily unemployment information of U.S. adults in the workforce, ages 18 and older, who are underemployed, unemployed, and employed full-time for an employer. ... Gallup also shows the underemployment rate is at 19.2%.  Those who are underemployed, according to Gallup, are individuals who "are employed part time, but want to work full time, or they are unemployed."

Economic Rebound?  What Economic Rebound?  An AP writer's year-end wrap-up epitomizes 2009's biased reporting on the economy.

Despite Evidence to Contrary, Boston Globe Says MA Economy is 'Generally Improving'.  In an October 16, 2009, article in the Boston Globe, staffer Andrea Estes makes the eye-opening assertion that the economy in Massachusetts is "generally improving."  Facts and reality suggest otherwise.

CBS's Couric Finally Notices Obama's $1.4 Trillion Deficit.  Back on October 7, when the Congressional Budget Office reported that the federal deficit had ballooned to a massive $1.4 trillion during President Obama's first year on the job, Katie Couric's CBS Evening News did not tell viewers.  But Couric finally caught up to the bad news after the Obama White House put out its final numbers on Friday afternoon [10/16/2009].

Good news reported as bad news:
Stimulus cash for weatherization still unspent.  Jackie Harpst expected a busy summer at her nonprofit housing agency, as work crews backed by Nebraska's share of $5 billion in federal stimulus money headed out to seal windows and spread insulation.  Months after she thought work would begin, not a single window has been caulked.

Pace of stimulus spending plummets.  Stimulus bill spending has slowed to a trickle, despite President Obama's June order to his Cabinet to speed it up.  The average stimulus spending per week has dropped severely, to just $4.2 billion over the past month from $9.7 billion during the prior four months.  The government spent $2.9 billion in the week ending Aug. 7.

The Editor says...
Huh?  $4.2 billion in one month is a lot more than $9.7 billion over four months.  That's not what I would call a "plummet."

How Media Incompetence Leads to Mass Ignorance About the U.S. Economy.  Media bias has been detected in other studies, but this series raises an additional possibility — media incompetence in analyzing and explaining how the economy and financial markets work.

Time Editor:  America Has 'Appetite for Big Government'.  Time magazine Managing Editor Richard Stengel told the hosts of MSNBC's "Morning Joe" on July 17 [2008] that "there's incredible despair out there and there's a sense that, that something needs to be done and people have kind of an appetite for big government in a way" in America.  Stengel was citing a new poll, but the interview did not discuss the fact that the poll also found 80 percent of respondents said they should be responsible for carrying their own financial burdens.

Gold and silver Yes, "Amero" No!  If you can't see where the U.S. dollar and gold are headed, I'll be crystal clear!  The dollar is going in the exact same direction as the Zimbabwe dollar and Mexican peso.  Between the last devaluations of the peso, it's lost 99.9%.  If you want to know the price of gold in old pesos; you just have to multiply gold by 100,000.  With everything that has taken place, many "main-stream" TV commentators believe or want us to believe, that the U.S. dollar is now the currency of choice; a safe haven or flight to quality.  Nothing can be further from the truth.

Good Economic News Despite Bush Being President.  The latest jobs data show something good.  So watch the MSM do back-flips to make sure Bush gets none of the credit and all of the blame.  Reuters announced, "Jobless claims drop by much more than expected."  But for every bit of good news under President Bush, there must come a "but."  Reuters made sure to say, in its opening sentence, "but seasonal factors were likely behind this unexpectedly large decline."

It's a Recession, Not a 'Catastrophe'.  President Obama, writing in The Washington Post, said, "By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression."  But how would we know if and when this crisis is really more "deep and dire" than others?  Many may believe we're in the worst recession since the Great Depression, if only because politicians and the press keep repeating that claim.

Spurning the Siren Call of Socialism.  The Bush administration's big mistakes were when it increased discretionary and entitlement spending.  So, having said that, why would anyone believe that the answer to the financial crisis is more federal spending?  Yet oddly, that's exactly the lesson Newsweek draws from today's economic problems.

Not quite the 1930s.  Now that the epic U.S. presidential race is over, a caffeinated press corps is in withdrawal, so hyperventilating about a new Depression is their new fix.  Just to pick one newspaper at random, Toronto's Globe and Mail used the phrase "Great Depression" over 300 times in December alone — or about a dozen times each edition.  And that's restrained compared to U.S. cable news shows.

Congress' Financial Mess.  News media people, often plagued with little understanding, fail miserably in their duty to inform the public.  This is particularly evident in their reporting on the current financial meltdown, suggesting it was caused by deregulation and free markets.

Now CBS Frets Gas Prices Are Too Low.  After spending much of the spring and summer hyping the dire consequences of rising gas prices, CBS on Thursday night [11/13/2008] decided the plummeting cost of gas at the pump is really bad news.  Noting that "crude settled at about $58 a barrel today, that's about $90 less than it was in July," fill-in CBS Evening News anchor Harry Smith warned "that comes as a mixed blessing."

The Great Media Depression:  The economy consumes the nightly newscasts.  Broadcast networks report that America's finances are "like a house of cards."  ABC, CBS and NBC even hyped similarities to the Great Depression more than 40 times in the first four months of 2008.  But that parallel doesn't hold up, especially when analyzing the news of that era.

New York Times, Meet The New York Times.  In this tale of how Bush wanted to foster home ownership in the United Sates, the Times dismissed exculpatory factors with a wave of the hand, used language implying Bush should somehow have known what virtually no economist in the country professed to know and seemed oblivious to worse miscalculations by Democrats.  It could have corrected this latter flaw by visiting its archives, such as a Times story published Sept. 30, 1999, during the Clinton administration.

Billion-Dollar Boondoggle.  Congress has passed at least a $25-billion bailout of mortgage firms Fannie Mae and Freddie Mac and President Bush has said he will sign it.  But the story within the story is how network news ignored six years of concerns about the two companies including billions of dollars in accounting errors, billions more in stock losses and high-profile Democrats deeply involved.

Doublespeak and American Socialism:  "Mortgage Rates Fall as U.S. Expands Rescue" was the page-one headline in the November 26 Wall Street Journal.  The story concerned a promise from federal officials to "pump" another $800 billion into the economy, bringing the grand total of the cost of various bailouts to something over $8 trillion.  The term "rescue" is laughable but is used for the obvious purpose of confusing people about the calamity that has befallen our nation.  If we're not bankrupt now, we will be someday because we are being "rescued" by the federal government.

The Media's Worst Economic Myths of 2008.  Is free-market capitalism really at death's door?  That's what the media have claimed, beginning with Pulitzer-prize winning columnist Steven Pearlstein's obituary for capitalism Aug. 1.  Since then, the claim has been repeated in The Washington Post, on CNBC and CNN.  Even controversial filmmaker Michael Moore, reacting to the Wall Street bailouts, claimed capitalism was dead on "Larry King Live."

Press May Own a Share in Financial Mess.  The shaky house of financial cards that has come tumbling down was erected largely in public view:  overextended investment banks, risky practices by Fannie Mae and Freddie Mac, exotic mortgage instruments that became part of a shadow banking system.  But while these were conveyed in incremental stories — and a few whistle-blowing columns — the business press never conveyed a real sense of alarm until institutions began to collapse.

McCain Follows Obama Down Socialist Road.  It is terrifying to see our financial system crumbling because of corruption on Wall Street, aided and abetted by government policies of too much federal spending, debt, and intervention in the economy.  But it is also troubling to see our economic system of free enterprise slipping away as the candidates of both major political parties propose more federal intervention, spending and debt as solutions to these problems.  Our media have an obligation to inform the American people that we are moving into a full-blown socialist economy.

Despite Press Claims To Contrary, Corporations Do Pay Their Taxes.  Many businesses we regard as successful operate on small profit margins.  After paying $5.8 billion in taxes in 2005, Wal-Mart earned $11.7 billion — a nice chunk.  But those earnings were on revenue of $312 billion, a mere 3.4% net profit margin.  Exxon Mobil earned $36 billion in 2005 after paying $23.3 billion in taxes on revenue of $371 billion.

Socialism Is Coming to America.  The liberal media are, of course, also trying to keep the American people in the dark about what is happening.  The Washington Post deceptively calls it a "rescue plan."  The "debate" taking place in Washington and the media is being carefully controlled.  The Republican Bush Administration supports the plan and Congressional Democrats want to take it further.  The Democrats want even more federal involvement in the firms that are being acquired.  In other words, it is a question of how much socialism they want.

Exactly Wrong, Again.  The message blasted at us day after day by the Obama campaign and its public relations machine, otherwise known as mainstream media, is that we are in a recession, we have been for essentially the last eight years, and the US is unique in this because of the failed policies of George W. Bush.  We are not in recession.  The economy of the last eight years has been fine.  And we are doing better than our European know-it-alls who favor an Obama victory.  At least that's what the most recent economic data show.

Everything You Wanted to Know About the Credit Crisis But Were Afraid to Ask.  The headlines scream doom.  There are endless references to the economic situation being "the worst since The Great Depression." [ ... But] all you have to do is look around you to see that in terms of daily life, we are not anywhere near The Great Depression.  Unemployment is barely about six percent.  It was 25 percent at the nadir of The Great Depression.  Real per capita incomes adjusted for inflation are at least five times what they were during The Great Depression.  Airplanes are full.  High-end restaurants are full.  Prices are painfully high for food.  These are not signs of a Great Depression.

50% say Media Makes Economy Look Worse Than it Really Is.  Only 34% of Americans believe the United States has the world's best economy, but 50% believe the media makes economic conditions appear worse than they really are, according to a new Rasmussen Reports national telephone survey.

The Great Depression Hoax.  I slapped the side of my television in April when economist Joe Stiglitz called this the worst recession "since the Great Depression." ... Never mind that GDP is puttering along in positive terrain.  Headlines still scream that we're closing in on 1929, not 2009.

Reporters' fuzzy math:  When I worked for a governor 30 years ago, activists accused him of "cutting" the welfare budget because he had reduced the outrageous, pie-in-the-sky request by the department head to a reasonable level.  The media, fed by activists and the irresponsible department head, played this as a massive cut in welfare spending, even though the increase was double digits.  People actually marched on the capitol.

Journalists 'lack basic numeracy skills needed to report on business'.  Jan Whyatt, a radio journalism tutor at the University of Westminster, called for a compulsory numeracy exam for all journalism students — and argued that financial training should be as important as media law in any journalism course.  "In my experience, a lot of journalists are not all that numerate.  They don't really feel comfortable with financial news," she said.  "The people who recognise and accredit journalism training should strongly consider making it an absolute requirement to pass an exam demonstrating numeracy."

Jobless rate at 5-year high.  An unexpectedly steep 84,000 U.S. jobs were lost in August and the unemployment rate hit a five-year high of 6.1 percent, fanning worry ahead of November's presidential vote that the economy was near recession.

The Editor says...
This "5-year high" statistic comes right after the latest increase in the minimum wage.  Indeed, the minimum wage is at a record high.

CBS Calls 3-Percent Market Drop 'Disastrous'.  What's the difference between a stock market "collapse" and a "correction?"  It all depends on which news outlet you watch.  Over at the February 27 CBS "Evening News," exaggeration was the rule of the day.  Anchor Katie Couric called the drop "the ouch heard across the country."  Business reporter Anthony Mason used every strong word he could find to describe the decline of about 3 percent, from "breathtaking" to "disastrous."

Hardly a Depression.  Yes, growth has slowed, and many people are suffering because of falling home prices and higher food and energy prices.  These are real problems, but watching TV, you'd think we were in a recession so severe it must be compared to the Great Depression.  A study by the Business and Media Institute found that ABC, CBS, and NBC regularly "hyped similarities to the Great Depression."

Turning Good News into Bad.  With housing prices falling, energy prices climbing and the stock market on a roller coaster, it's no wonder many Americans are worried about their economic condition.  But a new study on economic mobility in the United States suggests most of us are much better off than our parents were. … The findings will probably come as news to those Americans who think the middle class and poor are worse off today, a view Democratic politicians and the media hammer home every chance they get.

Media Ignore Who Gramm Actually Criticized:  Them!  "The media is a leading indicator of a downturn and it's a lagging indicator of an upturn because you got a human interest story of people losing their jobs," Gramm said.  "Misery sells newspapers."  As my colleague Scott Whitlock pointed out, the media have played a big role in drumming up negativity and pessimism about the economy.

Scaring Us to Death.  Recall that during President Carter's last year in office in 1980 what was called the "misery index", which was defined as the sum of the inflation and unemployment rates, was about 22 percent:  inflation averaged 14 percent; unemployment was 7.5 percent.  Today's inflation just became 5 percent, having been between 1 and 3 percent for a decade, and unemployment is 6.1.

Good News Is No news.
Don't Confuse Some N.Y. Times Editorial Writers With the Facts.  When the government announced last week that the federal budget deficit had fallen to its lowest level in five years — it was big news.  But apparently not big enough to make a big splash in The New York Times or Washington Post.  The New York Times ran a wire story in the back of the "A" section Friday [10/12/2007].  The Post put a wire story on its Web site Thursday afternoon and nothing in the paper.

New York Times spins straw from gold.  Last year my daughter graduated from college, got a job and moved into her own apartment.  Those actions contributed to the decline of the median household income in this country.  You see, even though the combined income of my family increased by my daughter's income (not shabby), we were now two households — divide the total income by two and it's less than it used to be.  The [New York] Times breathlessly reports on this same phenomenon on a national scale today.

Bankrupt "Exploiters":  In one of those front-page editorials disguised as "news" stories, the New York Times blames "the lucrative lending practices" of banks and other financial institutions for helping create the current financial crisis of millions of borrowers and of the financial system in general.

Bankrupt "Exploiters":  Part II.  We don't look to arsonists to help put out fires but we do look to politicians to help solve financial crises that they played a major role in creating.  How did the government help create the current financial mess?  Let me count the ways.

ABC Predicts Suicide Rates Will Rise, Just Like in Great Depression.  "Good Morning America" highlighted how financial matters have Americans so stressed out, their health is literally deteriorating.  The segment, titled "Recession Depression," blamed personal issues on the "troubled" economy.  ABC made yet another comparison between today's economy and the economy during the Great Depression.  Only this time, the reference was used to predict a rise in suicides.

Media Make Economic Storms Out of Silver Linings.  The American news media declared the U.S. economy in "free fall" as it slowed in March of 2008.  But much economic data hasn't supported that negative view.  Recently journalists have wrung the negatives out of stronger-than-expected numbers for retail sales, consumer spending and economic growth, as well as lower-than-anticipated job losses.  "The job market is crumbling," complained CBS's Bianca Solorzano on March 3, 2008, despite an unemployment rate of about 4.8 percent.

Oh, the Humanity!  The economy is "going south," the Los Angeles Times reports, and it cites lots of evidence.  For one thing, some people have to take public transportation. … And there are lots of stories like this.  Johnny Brown can't afford premium gas for his "beloved Ford truck"!  Antonio Dabu "told his wife they may have to quit subscribing to HBO"!

Tightening the Alligator Belt.  [Betsy Illium] was appalled when she calculated that [her dog's] grooming along with her own weekly hair, nail and massage appointments; gourmet groceries; restaurant meals and Starbucks coffee cost nearly $2,000 a month.  Now she gets manicures at a less expensive salon, meets her friends at California Pizza Kitchen and sends her sheets and towels to a laundry service instead of the dry cleaner.

The horror stories continue ...
Ignorance is Bliss, Also Dangerous.  It's interesting to review budgets of persons who're either already in bankruptcy, considering going there and/or are expecting government aid; I've done that, on numerous occasions.  Here is some of what I have been discouraged to discover.  Most of them were living in homes they never were able to afford.  Usually they had at least two motor vehicles, none of which were paid for.  They had cable TV with several monitors, cell phones and computers with high-speed access to the Internet.  They dined out several evenings each week and ordered pizza delivered at least once on most weekends.  When they did eat at home, the avoidably expensive meals were often semi-prepared by the grocery store's delicatessen department or else they used their new microwave to nuke those awful frozen TV dinners.  Beer, soft drinks, bottled water (even the new "power" drinks) were always available.  Children wore $100 sneakers, and other "must-have" fashions.  And the family occasionally bought tickets to movies, sports or other entertainment events.

Un-Super Size Me.  If you believe big media, the economy is in trouble.  If you worry about job layoffs and your inability to pay bills, you may be thinking about voting for Democrats this fall, which is the point of the negative press coverage.  Every four years when a Republican is president, big press outlets carry stories about economic gloom and doom.  But is it true?

The Economy is Fine (Really).  It is hard to imagine any time in history when such rampant pessimism about the economy has existed with so little evidence of serious trouble.

Why So Many Americans Believe We Are in a Recession.  Court TV founder and media watchdog Steven Brill once said, "When it comes to arrogance, power and lack of accountability, journalists are probably the only people on the planet who make lawyers look good."

The 'Recession' Is a Media Myth.  During the 2000 election, with Bill Clinton as president, the economy was viewed through rose-colored glasses.  According to polls, voters didn't realize that the country was in a recession.  Although the economy started shrinking in July 2000, most Americans through the entire year thought that the economy was fine.  But over the last half-year, the media and politicians have said we were in a recession even while the economy was still growing.

Poll:  Economy outpaces war on list of voters' worries.  For the first time in more than four years, a majority of Americans, 57 percent, believe the nation is in a recession, according to a CNN/Opinion Research Corporation poll released Tuesday [12/11/2007].  The poll's margin of error on that question was plus or minus 4.5 percentage points.  The economy is now the biggest issue in the presidential campaign [according to CNN].

CNN's John Roberts on Energy Business:  On CNN's "American Morning" October 26, Ali Velshi gave a measured report on long-term prices of gas and oil, but anchor John Roberts wasn't having it.  "Are you buying any of this?" Roberts said to Velshi.  Even when Velshi suggested that the higher cost of oil would be an incentive for a move toward alternative fuels — thus keeping oil averaging $60 per barrel over the longer term — Roberts jumped to attack business again, saying, "And then they find reasons for those alternatives to be more expensive.  If they can make a buck, they'll make a buck.  Bottom line."

Networks Hype New-Homes Decline as Sign of Woe.  CBS, NBC use new home sales data to make the economy look terrible, while ignoring rise in the majority of the housing market.

Hooverville?  Nah, Just Reuterville!  What seems to have happened here is that [Dana] Ford heard about the tent city and went there with the idea of writing a story about how the housing problem is making people homeless.  When she arrived, she found zero factual evidence to support her thesis, but she was attached to it so she wrote her story anyway, and made the lack of evidence a throwaway line in paragraph 5.  She then rested her story on the prediction of an "activist" that it is "just a matter of time" before Ford's journalism comes true.

CNN's Wastler Backs $1 Gas Tax Hike.  Gas prices are high, but CNN wants them higher.  Lots higher.  CNN's Allen Wastler told viewers April 28 that the government should increase the price with a huge new tax.  "Put in a tax to make it $4 a gallon right now," he urged.

Gassing Up:  Gas prices have again passed $3 a gallon.  But Americans should be used to high prices by now — the mainstream media have been warning them of $4, $5 and even $6 a gallon for more than two years.  (Maybe one day they'll be right.)

Who's Afraid of Prosperity?  Should we worry that the people of China, India and other undeveloped countries are getting richer?  Apparently so, according to the newspapers and the "experts" they quote. … Predictions about the end of progress have been issued countless times.  There is no reason to think they will be right this time.

ABC, NBC Spin Strong Housing Numbers Negatively.  A new batch of real estate data gave the media a chance to pull out its recipe for half-baked reporting on the housing market.

What economic boom?  President Bush's job approval rating is the benchmark by which the left measures his clout — and by contrast, its own.  When he is brought low, it means they are having a good year.  This is especially true for the national news media, which can barely refrain from a collective self-satisfied smirk these days.  But here's the funny thing.  Nobody looks at their approval rating.

Top 10 Economic Myths of 2007.  (#8) The stock market is trouble, whether it goes up or down. … One day the stock market can't sustain growth; the next, we're just one drop away from another crash.

Michigan As The New 'Dust Bowl'?  Only In the Fertile Mind of the Media.  Lou Uchitelle of the New York Times has made a career of writing passionately about the plight of laid-off workers.  This is not a challenging journalistic mission.  Even at the peak of economic booms, it is never difficult to find laid-off workers who face difficulties and are delighted to tell reporters what they think about the boss.  Mr. Uchitelle recently penned "The End of the Line as Detroit Workers Know It."  For any reporter determined to find bad news in the labor market, Michigan was definitely the place to be.

Hurricane economics:  When it comes to evaluating the economic impact of hurricane Katrina, two errors are constantly repeated.  The first is the free-lunch fallacy — believing that federally financed reconstruction and relief can be a net "stimulus" to the national economy.  The second is the price-index blunder — confusing a one-time spike in the relative price of energy with a broad and lasting change in the rate of inflation.

Facts Exempt:  Network News and Taxes:  "Network news reports generally portray tax cut proposals as election-year sops to the wealthy at the expense of the poor.  And viewers of the network news probably think there is no philosophical or economic rationale behind tax cuts, since they are rarely told of one."

TV News Bearish on the Economy:  It seems you can't turn on your TV without hearing a new poll claiming how poorly Americans feel about the economy. … Yet, despite these claims, the good economic news is almost overwhelming.  The nation pulled out of its brief recession in the fourth quarter of 2001 and has not experienced a single quarter of negative growth since.

Wealth and wages:  When the Federal Reserve's Survey of Current Finances for 2004 was released, the leading newspapers naturally indulged their propensity to make the news look as bad as possible.

Media Twist Economy Into Bad News.  Why are voters so gloomy when the economic reality is so good?  One reason may be the fact that the big broadcast networks have buried the good economic news under an avalanche of bad news stories.

Strong Sales Figures from GM, Ford Go Unnoticed.  "Upbeat" sales numbers for General Motors and Ford were announced November 1, but the news was conspicuously absent from two of the three major evening newscasts.  ABC's "World News Tonight with Charles Gibson" devoted about 20 seconds to the sales increases for the U.S. automakers. … But the CBS "Evening News" and NBC "Nightly News" chose not to report those figures, although they had no qualms earlier this year about reporting the industry's bad news.

CNN Is All Wet When It Comes to Economy.  Watching TV can be torture.  This close to the election, it's even worse thanks to TV news.  For more than a year, the networks told us almost every bit of good economic news was somehow bad.  Now that they feel they have conservatives right where they want them, journalists are tightening the screws.

To Every Season There's A Bias.  Despite an economic boom that's nothing short of amazing, especially given the obstacles it's had to overcome, many Americans still think we're on the verge of recession.  Or at least that's what some polls say.  Why the disconnect?  We keep scratching our heads.  Beyond the grumbling over gas prices and some concern about what lies ahead in the war on terror, the only thing we can come up with is the unremittingly negative coverage the economy gets in the mainstream media.

Reporting on the economy is worse than the economy.  From January through March 2006, the economy grew at a rate of 5.6 percent — higher than any in the last two-and-a-half years.  Despite recent inflation scares, inflation remains low, at a 2.1 percent core rate.  Unemployment, at 4.6 percent, represents a lower rate than the average during the '60s, '70s, '80s and the '90s.  Since August 2003, the economy has created more than 5.3 million jobs.

Media polls as instruments of propaganda.  The MSM's relentless propagation of Democrat-generated dezinformatsia has portrayed Operation Iraqi Freedom as a quagmire, the booming economy as an unjust bust and the President as a lawless spy and has even suggested that George Bush is at fault for high fuel prices.  All this certainly has taken its toll in the polls.  These polls become self-fulfilling when the MSM incessantly pushes a particular perspective, polls the indoctrinated masses in search of that perspective and then reports the results as "news."

Good Economy, Bad Polls, What Gives?  President Bush's political opponents are always available and willing to poor-mouth the economy.  When he first entered Washington, all the talk was of recession.  That ended quickly, but Democrats clutched on to the budget deficit, caused of course by President Bush's tax cuts "for the rich."  Then it was unemployment; the worst economy since Hoover, they told us.  But the jobs situation improved during the 2004 campaign, so the "disappearing middle class" became the freak-out du jour.

One Economy, Two Spins.  Economic conditions portrayed as positive during the Clinton administration are presented as negative for Bush.  The media have consistently criticized the Bush record, minimizing 13 straight months of positive job creation, more than 1.5 million new jobs in 2004 and an unemployment rate that dropped from 6.3 percent to 5.4 percent.  In contrast, the media consistently hailed the Clinton record of seven straight months of positive job creation, more than 2 million jobs in 1996 and an unemployment rate that dropped from 5.8 percent to 5.2 percent.

Economic Brainwashing.  The record is clear:  the economy is strong and getting stronger, as gas prices come down dramatically.  There have been four years of robust economic growth.  But this is a record that has gotten the Bush Administration in trouble.  Why?  The problem is the perception of what's going on, courtesy of the major media.  Even though the latest numbers show unemployment at only 4.7 percent, an annual inflation rate of only 3.8 percent, and average hourly earnings up, a September Wall Street Journal poll finds 57 percent of the people somewhat or very dissatisfied with the economy.

Give 'em that liberal media bias.  "CBS Evening News" team anchor Katie Couric and reporter Anthony Mason captured the Tin Foil Hat Award for Crazy Conspiracy Theories with a report from the Oct. 16, broadcast.  Couric:  "Gas is the lowest it's been all year, a nationwide average of $2.23 a gallon.  It hasn't been that low since last Christmas.  But is this an election-year present from President Bush to fellow Republicans?"  Mason:  "Gas started going down just as the fall campaign started heating up.  Coincidence?  Some drivers don't think so."  (The camera zoomed in on a bumper sticker, "GOP:  Grand Oil Party.")  Man in a car:  "And I think it's basically a ploy to sort of get the American people to think, well, the economy is going good, let's vote Republican."

ABC & CBS Ignore Fall in Unemployment Rate to Lowest Since 9/11.  The Bureau of Labor Statistics announced Friday [2/3/2006] that the unemployment rate for January fell by 0.2 percent from December, down to 4.7 percent, the lowest level since July of 2001.  But viewers of ABC's World News Tonight and CBS Evening News on Friday night heard nothing about it ….

The silence of the good news.  Economic pessimists have had a field day ever since GDP was reported a little over a week ago at only 1.1 percent for the fourth quarter.  But the latest jobs report released on Friday blew them out of the water.  Including revisions, January employment is a huge 317,000 above the initial December level.  In fact, over the past three months, non-farm payrolls have increased an average 229,000 per month.  That's explosive.

Political demagoguery:  Our unemployment rate, which the U.S. Bureau of Labor Statistics put at 5.4 percent in September, is one of the lowest in the world and in our history.  France's unemployment rate is 9.4 percent, Germany's 9.9 percent and Italy's 8.6 percent.  Our Canadian neighbor's is 6.6 percent.  The only reason for today's hysteria over jobs is because it is an election year, and one of the ways politicians gain power is to create fear among the electorate.  The next time you hear a politician whining about our "awful" job climate, ask him which European country we should look to for guidance in job creation.

$2 Trillion on Foreign Aid.  "After fifty years and more than $2 trillion in aid, the West has strikingly little to show for its efforts in alleviating poverty."  This was the blurb advertising an April 25 event at the American Enterprise Institute entitled, "Why Foreign Aid Has Failed-And How to Fix It."  However, the Los Angeles Times on April 13 ran an editorial accusing the U.S. of being stingy in dispersing foreign aid.  For the Times, $2 trillion still isn't enough.

End Budget Obesity.  If the polls are telling us things are so bad, why is the stock market telling us things are so good?  Opinion poll after opinion poll reveals just how unhappy people are with President Bush, the economy, the war in Iraq, and the general direction of America.  At the same time broad stock averages are hitting five-year highs.  So who should you trust, forward-looking stock markets or backward-looking polls?

CNN Spends 2005 Telling People They're Going Backwards.  Regardless of the continuous stream of positive economic news, CNN financial reports were normally quite bearish all year, in particular asserting that wages weren't keeping up with inflation, causing the average worker to lose ground financially.

With Minimum Wage on State Ballots, PBS Pushes Increases.  Minimum wage increases will be on the ballot in six states on November 7.  PBS's "Now" took the opportunity to push for broad increases on its October 27 edition, showcasing worker Melone Peyton, who doesn't even earn minimum wage.  Conveniently, David Brancaccio's show left out conservative voices that might have contextualized Peyton's situation — and added facts about the effects of a minimum wage increase.

Beware the Predatory "Rich"?  By the liberal media's standards, the goal must not be how best to stimulate the economy, but how to strike the best pose as the champion of the little guy, regardless of its economic effect.

The Economic Spin Cycle:  I never cease to be amazed by the ability of liberals to twist facts to suit their needs.  Anyone with even a passing familiarity with economic principles could see through the attempts of the liberal left to blame President Bush for an economy inherited from Bill Clinton.  Apparently most media types do not possess even a rudimentary understanding of how our economy works.

The Media's Dangerous Obsession.  The media and academia are continuously obsessed with "gaps" and "disparities" in income.  As one talk show host put it, "It makes no sense" that a corporate executive makes over $50 million a year.  Ninety-nine percent of all the things that happen in this world "make no sense" to any given individual.  Do you understand how your automobile's transmission works?  Could you repair it if something went wrong?  Do you understand how aspirin stops headaches?  How to make yogurt?



Here is what they're not telling you:


14,000.  Less than five years after a recession and 9/11 combined to sink the Dow to the 7,700 range, the index crossed 14,000 yesterday [7/17/2007], a record high, before closing at 13,971.  It's up 12 percent for the year.  Plus, the nation's economy is so strong that tax revenues have been pouring in, helping to cut the projected '07 deficit to $205 billion, less than half what it was three years ago.

Scaring Us to Death.  While gasoline prices have skyrocketed, the average worker has to work about two hours to earn enough to purchase 10 gallons.  In 1935, it was six hours and in 1950, over two hours.  A basket of groceries that took four hours of work in 1950 to purchase now takes 1.7 hours.  Annual hours of work have fallen from 1,903 in 1950 to 1,531 today.  Real total compensation — wages plus fringe benefits, both adjusted for inflation — have been rising steadily for several generations.

Productivity Surges by 4.9% Rate.  Worker productivity surged in the summer at the fastest pace in four years while wage pressures eased.  The Labor Department reported that productivity — the amount of output per hour of work — jumped at an annual rate of 4.9% in the July-September quarter.  That was double the 2.2% rise in the second quarter and represented the fastest surge in worker efficiency since 2003.

Success stories fly under the radar.  Federal Reserve Chairman Ben Bernanke gave the U.S. economy a clean bill of health without the usually gloomy caveats.  Wall Street remained in the midst of a Bush rally that was pushing the Dow to new records almost daily, fattening middle-class 401(k)s and IRA pension funds in the process.  The S&P 500 was trading at its highest level in six years.  Meantime, oil was falling into the $57-a-barrel range, signaling cheaper gas prices, and the federal-budget deficit was dropping sharply….

The Current 'Depression':  The good economic news keeps rolling in.  Yesterday's new-jobs estimate for January, at 110,000, was below Wall Street expectations but it was accompanied by upward revisions of 81,000 jobs for the prior two months.  Those revisions brought the 2006 monthly average up to 187,000 new jobs, or 2.2 million for the year.  Readers will recall that the current expansion was derided right through 2004 as a "jobless recovery."  We now know the economy has created 7.4 million new jobs since mid-2003, as revisions by the Bureau of Labor Statistics have added hundreds of thousands to its original monthly estimates.

Voter disconnect:  We have ascended from a crippling economic recession.  The U.S. economy is robust — at least for now — with a bull stock market for almost four years.  Most who want a job have one.  Interest rates are still historically low, despite recent hikes.  On this stage, and under increasingly mixed reviews, the Bush White House has stumbled along with dramatic cry after cry about this or that "catastrophe."  Take illegal immigration.  It's been rampant (and illegal!) for years.  Now suddenly, television tells us that it's an urgent matter.

We really are better off.  As economist Stephen Moore, author of "It's Getting Better All the Time," puts it, "These are the safest times ever to have lived on the earth."  Not that you'd know that from watching TV.

The Facts Show Increase of Jobs Under Bush:  The media and Democrats keep repeating it over and over:  "2.3 million jobs lost" since President Bush took office.  His could be the worst job record since before World War II, they claim.  One little problem:  It's not true.

Inflation has the best showing in three years.  The Labor Department reported Thursday [1/18/2007] that consumer prices rose by 2.5 percent in 2006, the best showing since prices had increased by just 1.9 percent in 2003.  The improvement came in spite of the fact that consumer prices jumped 0.5 percent in December, as gasoline prices staged a momentary rebound.

167,000 Jobs Added to Payrolls in December.  Employers stepped up hiring last month, boosting payrolls by a healthy 167,000 and keeping the unemployment rate steady at a still historically low 4.5 percent.  Workers' wages grew briskly.  The latest snapshot of the nation's employment climate, released Friday [1/5/2007] by the Labor Department, showed that the jobs market ended 2006 on a strong note and provided fresh evidence that the troubled housing and automotive sectors aren't dragging down employment across the country.

Jobless Claims Fall by Most in 6 Months.  The number of newly laid off workers filing claims for unemployment benefits dropped last week by the largest amount in six months, relieving worries about a big jump in claims in the previous week.

Unemployment rate lowest in nearly 5-1/2 years.  The U.S. unemployment rate fell to a 5½ year low in October as 92,000 jobs were added and hiring in the two prior months was revised up, the government said on Friday [11/3/2006], leading financial markets to slash bets on interest-rate cuts.

Florida unemployment rate hits 30-year low.  Florida's unemployment rate dropped to 3.3 percent in December, the lowest in 30 years, and it posted the fastest job growth among the nation's 10 most populous states last year, the state's labor agency announced on Friday [1/20/2006].

Unemployment and Inflation:  As a rough approximation, about one in twenty workers (or five percent) is likely to be a victim of … inevitable frictional and structural issues at any point in time.  Thus, the unemployment rate will be at about five percent even in a fully employed U.S. economy.  Economists often term this five percent as the natural rate of unemployment.

Unemployment rate lowest since 2001.  The unemployment rate fell to its lowest level in nearly five years in January, the government reported Friday [2/3/2006], as employers added a respectable 193,000 jobs to payrolls and paychecks increased more than expected.

5.0 Percent Unemployment:  Better Than Good.  The unemployment rate keeps trending down below expectations and now stands at 5.0 percent.  While conventional wisdom is stuck in the mindset that the U.S. economy is weak, the data continue to say otherwise.

The Wal-Mart Model:  The American economy continues to surge ahead, though you won't read much about it in mainstream media.  Economic growth in the third quarter was 4.1 percent — despite Hurricane Katrina! — the 10th consecutive quarter with growth over 3 percent.  Unemployment is 5.0 percent — lower than the average for the 1970s, 1980s, or 1990s.  Since April 2003 the economy has created a net 5.1 million new jobs.  Core inflation is only 2.1 percent, and gas prices, which surged above $3 a gallon after Katrina, are now down around $2.  Productivity growth for the five-year period of 2000-2005 is 3.4 percent, the highest of any five-year period in 50 years.

The silence of the Bush Boom:  In view of the ravages of the 2000-02 stock market plunge, the 9/11 terrorist attacks, and skyrocketing energy prices, the Bush boom stands as even more of a great achievement.  But still he gets no credit.

Income Rises, Poverty Falls for Black Families in the 1990s:  Despite the economic downturn, black families nationwide are better off than they were in the mid-1990s, according to figures released Friday [4/25/2003] by the U.S. Census Bureau.

What does Obama's victory mean?  Today, if black Americans' gross domestic product were measured separately, it would be the 16th-richest country in the world.  Nearly 80 percent of blacks live above the poverty level, contrasted with 65 percent 40 years ago.  The greater percentage of blacks live either middle-class or better lives.  The employment rate for married black men equals the employment rate for married white men.  The average black woman with a college degree makes more money than the average white woman with a college degree.  The highest percentage of blacks in American history — 46 percent — own their homes.

U.S. retail sales shot higher in November.  Consumers put aside worries about the weak economy in November to storm into the shopping malls, pushing up retail sales by the largest amount in six months.  The Commerce Department reported Thursday [12/13/2007] that retail sales surged by 1.2 percent last month, double the gain that economists had expected.

New Evidence on Taxes and Income.  When all sources of income are included — wages, salaries, realized capital gains, dividends, business income and government benefits — and taxes paid are deducted, households in the lowest income quintile saw a roughly 25% increase in their living standards from 1983 to 2005.  This fact alone refutes the notion that the poor are getting poorer.  They are not.



More of President Obama's Lies
Notice also President Obama tells Lockheed Martin not to issue layoff notices until after election day
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