Unemployment Is Not Going Down

Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row







Michael Snyder, Contributor
Activist Post

The corporate media is heralding the decline of the official
unemployment rate to 7.7 percent as evidence that the U.S. economy is
improving. But it is a giant lie. The truth is that unemployment in
America is not actually going down. The percentage of working age
Americans with a job actually dropped slightly in November. During the
last recession, the percentage of working age Americans with a job fell
from about 63 percent to under 59 percent and it has stayed there for 39
months in a row.

In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed. In November 2012, 58.7 percent
of all working age Americans were employed. It is more then 3 years
later, and we are in the exact same place! So how in the world are they
able to pretend that the "unemployment rate" is going down steadily?
Well, they get there by pretending that hundreds of thousands of
unemployed workers "leave the labor force" each month. According to the
government, another 350,000 Americans left the labor force during
November, and when you keep pretending that huge chunks of workers
"disappear" each month it is easy to get the "unemployment rate" to go
down. But anyone should be able to see that there is something really
funny about these numbers.

Barack Obama has been president for less than four
years, and during that time the number of Americans "not in the labor
force" has increased by nearly 8.5 million.
Something seems really "off" about that number, because during the
entire decade of the 1980s the number of Americans "not in the labor
force" only rose by about 2.5 million. At this point the official unemployment rate is so manipulated that it is of very little value at all.


But the mainstream media is just eating up this "good news". They are
very excited that the "unemployment rate" has fallen from its peak of
10.0 percent in October 2009 to 7.7 percent now...


But if unemployment was actually going down, we should be seeing the percentage of Americans with a job go up.

Unfortunately, that is NOT happening.

As I mentioned above, the "employment rate" fell below 59 percent during
the last economic crisis and it has stayed there for 39 consecutive
months...


So all of that stuff about the employment situation getting better is
just a load of nonsense. The percentage of Americans with a job has
stayed very, very steady since the end of 2009. It is almost as if
someone has hit a "pause button" and won't let unemployment get better
or get worse.

This is the first time since the end of World War II that we have not
seen the employment-population ratio bounce back in a significant way
after a recession has ended.

To me, that is a very bad sign.

I also find it very interesting that the government revised the "job gains" for September and October downward in this recent report...
<blockquote class="tr_bq">The government revised down job gains for
September and October by a total 49,000. September's additions were
revised from 148,000 to 132,000 and October's, from 171,000 to 138,000.</blockquote>So
it turns out that the glowing employment reports from those months that
helped get Obama re-elected were really not that great after all.

The
truth is that it takes somewhere between 100,000 and 150,000 new jobs a
month just to keep up with the growth of the population. So at best we
are treading water.

And who is "creating" those new jobs?

According to an analysis performed by CNSNews.com, 73 percent of the jobs "created" over the past 5 months have been "created" by government.

But government does not create real wealth. Real wealth is only created by the private sector.

It would be very nice if I could report a major employment turnaround,
but it simply is not happening. Instead, we continue to see an increase
in the number of Americans living in poverty.

If things are getting better, then why are organizations like the Salvation Army seeing record numbers of families coming to them for help this holiday season?

For much more on the continued growth of poverty in the United States, just see this article.

Sadly, an increasing number of Americans find themselves forced to turn
to the government for assistance, and the cost of caring for all of them
has become extremely expensive...
<blockquote class="tr_bq">According to the Republican side of the Senate
Budget Committee, welfare spending per day per household in poverty is
$168, which is higher than the $137 median income per day. When broken
down per hour, welfare spending per hour per household in poverty is
$30.60, which is higher than the $25.03 median income per hour.</blockquote>But if you think that things are bad now, you should brace yourself, because things are going to get even worse.

For example, how much worse will things get if a fiscal cliff deal is not reached and millions more Americans find themselves in desperate need of help? According to ABC News, more than 3 million Americans will lose unemployment benefits by the beginning of April if Congress does not do something...
<blockquote class="tr_bq">Millions
of unemployed Americans have another reason to worry about 'fiscal
cliff' budget talks that seek to avoid looming tax increases and dire
spending cuts come January. </blockquote><blockquote class="tr_bq">About
2.1 million people will stop receiving jobless benefits immediately if
Congress doesn't reauthorize federal unemployment insurance programs by
year's end. Another 1 million will lose benefits over the first three
months of 2013.</blockquote>2013 is already shaping up to be a very tough year.

But the mainstream media is not really talking about how the middle class is systematically being destroyed or about how our once great manufacturing cities are being turned into desolate wastelands.

They just want us all to be happy; but the cold, hard reality of the matter is that the U.S. economy no longer produces enough jobs for everybody and it never will again.

Both of our major political parties have fully embraced the emerging one
world economic system which puts average American workers into direct
competition for jobs with workers in third world countries where it is
legal to pay slave labor wages.

Millions of good paying American jobs have been shipped to countries where workers work very long hours in absolutely horrific conditions for as little as 45 dollars a month.

Are you willing to work for 45 dollars a month?

Meanwhile, Americans that still do have jobs are piling up more debt
than ever before. It appears that most people have not learned any
lessons from the last major economic crisis. It has just been reported
that consumer borrowing in the United States has hit a new record high...

Americans swiped their credit cards more often in October and borrowed
more to attend school and buy cars. The increases drove U.S. consumer
debt to an all-time high.

The Federal Reserve said Friday that consumers increased their borrowing
by $14.2 billion in October from September. Total borrowing rose to a
record $2.75 trillion.

Isn't that lovely?

And of course the biggest offender of all is our federal government. They just keep borrowing money as if there was no tomorrow.

During the first two months of fiscal year 2013, the U.S. government has run a deficit of $292 billion dollars ($57 billion worse than last year) and during that time it has borrowed an average of $4.8 billion dollars a day.

30 years ago, the U.S. national debt was about 1.1 trillion dollars.

Now it is more than 16.3 trillion dollars.

To get an idea how much money 16 trillion dollars is, just watch this 2 minute video.

How could we be so stupid?

Yes, much of America is still experiencing "prosperity" right now. But
it is a prosperity that has been fueled by the greatest debt bubble that
the world has ever seen.

When that debt bubble bursts the pain is going to be unbelievable.

If you actually believe that America is going to prosper in the years to come, you are just fooling yourself.

Our economy is declining and has been declining for quite some time. If you doubt this, just read this: "34 Signs That America Is In Decline".

So that is the bad news.

But the good news is that even though the entire nation is not going to
prosper, there will be those that will have prepared and that will have
gotten themselves into position to take advantage of what is coming.
During the coming crisis a massive amount of money and wealth will
change hands. Instead of living in fear and cowering under a blanket,
now is the time to figure out how you and your family can thrive during
the hard times that are on the horizon.


During the economic crisis of 2008 and 2009, there were some people that
actually did amazingly well. So don't lose hope just because the U.S.
economy is headed for disaster.

Everything that can be shaken will be shaken. But if you understand
what is happening and you prepare for it, the times that are coming can
actually be a great adventure and a great blessing for you and your
family.

But if you just stick your head in the sand and have blind faith in the
system and pretend that everything is going to be okay somehow, then you
will be blindsided by the coming crisis and you will only have yourself
to blame.

Source:-
http://www.activistpost.com/2012/12/unemployment-is-not-going-down.html