Economy Adds 214 Thousand Jobs In October

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Economy Adds 214 Thousand Jobs In October

Post  News Buzzard on Fri Nov 07, 2014 9:00 am

Unemployment rate down to 5.8%

http://finance.yahoo.com/news/us-employers-add-214k-jobs-133132004.html

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Re: Economy Adds 214 Thousand Jobs In October

Post  WHL on Fri Nov 07, 2014 12:26 pm

http://www.forbes.com/sites/louisefron/2014/08/20/tackling-the-real-unemployment-rate-12-6/


No, I didn't read the whole article but thought somebody might want to.
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Re: Economy Adds 214 Thousand Jobs In October

Post  News Buzzard on Fri Nov 07, 2014 1:20 pm

It's a good article, and the graph shows the decline in the U6 number is consistent with the decline in all of the other measures since the Great Recession, which is a sign of an improving economy! It's hard to argue with the facts: Nine straight months of 200+ thousand jobs, an unemployment rate of 5.8% and a recent quarterly growth of well over 3%!

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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Sat Nov 08, 2014 11:08 am

News Buzzard wrote:Unemployment rate down to 5.8%


—ZeroHedge

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Re: Economy Adds 214 Thousand Jobs In October

Post  News Buzzard on Sat Nov 08, 2014 6:25 pm

According to your graph most of the decline in manufacturing occurred during the Bush disaster of an administration. Thank you for sharing that! Wink

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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Sat Jan 03, 2015 8:54 am

Another year of putting lipstick on the zombie known as the global economy, kept walking only thanks to $11 trillion in liquidity injections by the world's central banks and tens of trillions of new Chinese credit created out of thin air and promptly misallocated and embezzled, and the results are in.

The bottom line: according to Nielsen, is that despite the S&P recording a whopping 53 all time highs, and the Dow rising over 18,000, the channel that was once must watch financial TV for mom and pop, and has since devolved into endless cheerleading of failed policies..."
ZeroHedge




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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Mon Jan 19, 2015 10:47 am

50,000 Wall Street jobs cut.


There’s blood on the Street. In a wild swing of the ax that has shocked many pundits, Wall Street’s biggest banks have slashed nearly 50,000 jobs, and bonuses and expense money are being cut as profit opportunities dry up. And there’s no easy way out, analysts say, because the Fed’s quantitative easing that once rescued the financial system with trillions of cheap dollars is — at least for now — history. Some analysts were unnerved by the carnage announced by banks last week..."
—New York Post

No


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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Wed Feb 25, 2015 7:00 am

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." In January, according to the Bureau of Labor Statistics, the "U-3" unemployment...
Yahoo
Employment is up, and wages are sinking...

No

A lesson on the Middle Class from Brazil:



.We're becoming a Banana Republic, but without bananas...

Evil or Very Mad

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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Sun Mar 01, 2015 5:29 am

OfficeMax call center in Illinois reportedly closing...


An OfficeMax call center in Illinois is closing its doors, beginning layoffs in March, according to two sources. Layoffs should be completed in November. A news story in 2013 indicated 275 people worked at the facility. Employees on Thursday were instructed not to speak to the media about the layoffs. OfficeMax merged with Office Depot in 2013.

As previously reported, the company disappointed state lawmakers by locating its headquarters in Boca Raton, FL, and pulling out of Naperville, where OfficeMax had been headquartered. OfficeMax workers have dealt with uncertainty about their jobs
LaSalle News-Tribune

Happy days are here again?

scratch


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As Red Hill Pointed Out...

Post  News Hawk on Wed Mar 25, 2015 6:36 am

Why the US Economy Has Not Recovered in 10 Charts

Excerpt:

Peter Schiff isn’t the only one warning that the economic data of the United States is much worse than the media portrays.

Michael Snyder has shared 10 charts pulled straights from the Federal Reserve’s own records that show how things have gotten worse since last crisis, not better. Some of these are points Peter has raised time and again, such as the low labor force participation rate. You can see it has been ticking steadily lower since the turn of the millennium. However, Snyder goes on at length about a number of other important data points. Whether he is looking...
http://schiffgold.com/guest-commentaries/why-the-us-economy-has-not-recovered-in-10-charts/?utm_medium=social&utm_source=facebook&utm_campaign=guest

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Re: Economy Adds 214 Thousand Jobs In October

Post  WHL on Wed Mar 25, 2015 3:32 pm

They have been cooking the books for a long time. Everybody knows the economy is not as good as Obama and friends have been telling us. (except people who don't live in the real world and just listen to the mainstream media)
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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Fri Mar 27, 2015 2:13 am


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"Obama Despises Capitalism"...

Post  News Hawk on Fri Mar 27, 2015 2:37 am

The Gestapo is alive and well in Obama’s America

Hi. I’m Wayne Allyn Root for Personal Liberty. Barack Obama is going rogue. By every metric, the Obama economy is melting down. We are seeing the beginning stages of another recession, at best, or a total economic meltdown, at worst.

At the moment, there are no decent-paying jobs in America. Obama has opened the border and given amnesty to at least 5 million illegal aliens already in the country, thereby putting them in competition with working-class and middle-class Americans.

Think I’m wrong? Did you know the government is giving businesses a $3,000 incentive to hire illegals over native-born Americans?

Did you know cities are hiring illegal aliens as policemen? Someone here illegally can wear a badge and enforce the law against you.

Did you think the border crisis was over? Obama’s amnesty has encouraged a new wave of poverty-stricken illegals at the border.

And in a bankrupt nation with more than $18 trillion in debt, Obama has used amnesty to give illegals access to food stamps, free healthcare, Medicaid, Medicare, Social Security, earned income tax credits. And by issuing drivers’ licenses and Social Security cards, they will be able to vote immediately (because States don’t have the technology to tell the difference between a legal citizen or a noncitizen).

The Obamacare fiasco gets worse by the day. The middle class is being bankrupted by skyrocketing increases in their health insurance premiums; hospitals are being bankrupted by the flood of illegal aliens accessing services; and the economy will drown in the new debt caused by Obamacare.

Obama’s claim that ISIS is on the run is a proven fraud, ripped bare by America’s embarrassing military withdrawl from Yemen.

Obama is going nuclear in his hatred for Bibi Netanyahu and Israel, force-feeding the world a weak nuclear agreement with Iran that is so bad, even France is fighting for stronger sanctions. Meanwhile, Obama threatens to become the first president in history to abandon Israel at the United Nations.

But I haven’t gotten to the bad part yet. Is it possible the terrible news about the economy, the border, ISIS and Israel is all just a distraction? Because the really important news is that Obama has created a modern-day version of “the Gestapo.”

The Obama government is using an initiative called “Operation Chokepoint” to force legal businesses it doesn’t like out of business, by threatening and intimidating banks and credit card processors.

At the same time, the Obama government is urging banks to call the police to report citizens who withdraw $5,000 or more from their own bank accounts. Yes, I said banks are urged to call the police when you withdraw your own money.

This comes at the same time that FEMA announced it will no longer provide FEMA disaster relief funds to states whose governors deny “climate change.”

And let’s not forget Obama used an FCC party-line vote to take over the Internet and institute sweeping new changes to a system that is working perfectly as the form of communication for most Americans.

Obama’s first goal is clearly massive new taxes on Internet usage, just another way to destroy the middle class and redistribute income. But is his real goal is controlling communications on the Internet — specifically the anti-Obama criticism and anti-government message so prevalent on the Internet.

But let’s circle back to the most Gestapo-like Obama initiative ever. It’s called “Operation Chokepoint.” This is your government’s attempt to put morality controls (just like those in Iran) on the American public by shutting down gun stores, precious metals companies, casinos, tobacco distributors, telemarketers and short-term money lenders.

How can they close legal businesses you ask? By threatening and intimidating banks and credit card processors to close accounts for businesses the government doesn’t like. Just like an Iranian ayatollah, if Obama doesn’t like your business, he will “choke off” your ability to stay in business. Hence the name, “Operation Chokepoint.”

Never forget Obama has been on a six-year-long relentless crusade to raise our taxes and take away our tax deduction for charitable donations, choking off contributions to churches. Yes, Obama is trying to “choke off” the funding that keeps churches in business, too.

Why is this happening? First, because Obama despises capitalism. He needs to put prosperous businesses out of business. By murdering the middle class’ ability to prosper, he creates his utopia of equality (i.e., “shared misery”), making everyone dependent on government in a classless, socialist society. Think Cuba and Venezuela.

Second, there is an obvious reason Obama hates these particular industries. The subtitle of my 2009 book, “The Conscience of a Libertarian,” says it all. The subtitle was “Empowering the Citizen Revolution with God, Guns, Gold, Gambling & Tax Cuts.” Is it a coincidence that virtually every item I mentioned is under attack?

The businesses on the list of “Operation Chokepoint” are all dominated by people that Obama would describe as capitalists, patriots, conservatives, Tea Partiers, Christians and supporters of the Constitution. Not coincidently, those are the same groups targeted by Obama in the IRS scandal.

And then, of course, if Obama can’t close your business or “choke off” your ability to prosper, he can force banks to call the police if you dare to withdraw money from your own account.

Folks, this is eerily reminiscent of the Gestapo, or the Soviet KGB, or the East German Stasi. Is this the America you want? The NSA spying on your every move, the federal government in charge of your healthcare and now your free speech on the Internet, the IRS auditing enemies and critics of the government, the federal government forcing legal businesses they deem “unacceptable” out of business, and banks spying on their own customers and being forced to call the police when customers withdraw too much of their own money.

Yes, under Barack Hussein Obama, the Gestapo is alive and well in the former “Land of the Free.”
—Personal Liberty... (Video at link)

We were warned...

. pale


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Re: Economy Adds 214 Thousand Jobs In October

Post  News Hawk on Tue May 05, 2015 4:19 pm

Negative growth in the US economy

"It turns out the US economy may have contracted in the first quarter.

Last week, we learned that gross domestic product grew by just 0.2% in the first quarter, far below the 1% economists had expected. Then on Tuesday, the Commerce Department reported that the trade deficit in March exploded to a six-year high, $51.4 billion. The surge in the deficit — the gap between imports and exports — has been largely blamed on the nine-month slowdown at West Coast ports, which has been resolved..."
Business Insider

Growth doesn't appear to be happening.

Shocked

.

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