The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label unemployed. Show all posts
Showing posts with label unemployed. Show all posts

Tuesday, June 19, 2012

Generation Gap: Greek elections show battle between unemployed youth and retired pensioners

Last weekend's Greek elections showed a vast disparity in the polls, and a divsion between the unemployed youth and the retired pensioners.  Those who supported the conservative party, and a continuation of EU bailouts, were primarily tied to the Greek's who have a stake in the retirement and pension systems.

However, the unemployed youth, drew close to the communist and neo-nazi parties which wanted complete separation from the European Union, and a reboot of a Greek economy that has little future for younger workers.

Greek Youth Reject Austerity - Tough choices for young Greeks who may be forced to leave the country (and its future). Thoughtful, afraid young people reflecting honestly and frankly on their future...



Courtesy of Financial Times Videos

Friday, May 4, 2012

FED can no longer track unemployed since data broke through chart ceilings

The system is now officially broken, as the chart parameters created by the Federal Reserve to measure those unemployed have been breached, and no longer represent the true number of Americans out of work.

The newly announced number of 88,419,000 Americans not counted as being employed, or having a job is greater than the upper range chart the St Lous Federal Reserve bank uses to measure this statistic.


NOTE... the chart only reaches 88,000,000, and can no longer reflect increases to the data.

Thus, unemployment in America is now on full tilt, as the machine is broken, and the Fed has proven it doesn't have the key, nor the processes to fix the US job problems.

Obama preparing unemployment rate for November elections

It's that time of the week again, where the B(l)S jobs report shows 99% negative data, but 1% positive in the baseline most Americans will see.  The unemployment rate dropped to 8.1%, even though there were more jobs created by the mythical birth/data adjustment, and now the rate stands on the threashold where President Obama can soon use it to his advantage in the November elections.



Expectations were for an increase in non farm payrolls of 160,000, and a 8.2% unemployment rate. We got +115,000, and 130,000 privates. Unemployment rate at 8.1%, lowest since January 2009. Schrodinger is alive and well.

From the release:
Both the number of unemployed persons (12.5 million) and the unemployment rate (8.1 percent) changed little in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.5 percent), adult women (7.4 percent), teenagers (24.9 percent), whites (7.4 percent), and Hispanics (10.3 percent) showed little or no change in April, while the rate for blacks (13.0 percent) declined over the month. The jobless rate for Asians was 5.2 percent in April (not seasonally adjusted), little changed from a year earlier. - Zerohedge

So not only did the analyst estimates of jobs created fail by 50,000, the unemployment rate stated by the Obama administration dropped a percentage point lower than expected.

Once that rate falls below 8%, then the politics of spin will begin.  In reality, the true unemployment rate is over 16%, with a record number of people not even being counted as unemployed because they simply aren't recorded as receiving government benefits.