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Labor Day: 90 Million Americans Without Jobs; 36% Of the Population

laborday-cancelled

This weekend President Obama delivered his weekly radio address commemorating the Labor Day weekend:

Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes. And thanks to the grit and resilience of the American people, we’ve begun to lay a foundation for stronger, more durable economic growth.

Except like everything else coming out of Washington, President Obama loaded his speech with platitudes and wishful thinking, failing to mention the reality of what’s happening in our economy – and especially our labor force.

According to a report from the Bureau of Labor and Statistics, we’re far from having a laid a foundation of recovery and are, in fact, on a trajectory not of durable economic growth, but one of a complete collapse of our way of life.

If the health of our labor force is to be an indication of America’s economic health and survival, then the only plausible assessment is that we are about to flat line as a nation:

The Bureau of Labor Statistics has reported alarming unemployment figures that are reaching the most desperate levels since the Department of Labor began collecting the data during the Truman administration three years after the end of World War II.

On Aug. 2, the BLS reported nearly 90 million Americans were not currently in the labor force in July, with the percentage of the civilian non-institutional population not in the labor force now registered at 36 percent.

According to John Williams, an economist known for arguing the government reports manipulated “shadow statistics” of economic data for political purposes, the real unemployment rate for July was 23.3 percent, not the 7.4 percent reported by the Bureau of Labor Statistics.

WND

Over one-third of able-bodied Americans are not working. That is the stark reality of the situation.

The President and his Sirens would like us to believe that they have taken the necessary steps to increase the number of jobs and improve wages, but nothing could be further from the truth.

In fact, if anything, it’s a fact that the President’s mandates, such as his healthcare legislation, are turning us into a part-time nation:

The Obama administration continues to discount the huge impact its health overhaul law is having in turning America into a part-time nation, calling reports anecdotal and not based on complete data.

To paraphrase Groucho Marx:  Who are you going to believe?  Me, or your own eyes?

An avalanche of “anecdotes” continues to pile up as workers across the country are having their hours cut and their health benefits slashed across a broad range of industries.

For every full time job created in the United States in 2013, we’ve created four part-time jobs. Historically, during times of economic growth and progress, the situation was reversed.

Everything, from the President claiming we are recovering from the worst recession of our lifetimes to American job creation, is upside down.

The worst part of it?

While Americans celebrate the resilience of the American economy over their barbecue grills today, our nation is being systematically decimated through Obamacare mandates, taxation and a destruction of our currency.

Over the last four years the individual wealth of our nation has been vaporized, and given the policies being implemented by our government, that’s only the beginning of the destruction of the middle class.

We are on a path of pain and impoverishment, and unfortunately few of our fellow countrymen realize what’s really happening.

The next stage of collapse is in our sights, and it isn’t going to be pretty.

Millions of Americans who failed to prepare and insulate themselves from the coming destruction will be blindsided when it hits. Now is the time. Develop manageable and sustainable strategies that will ready you for what’s coming.

All signs point to serious trouble ahead.


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

PLEASE REMEMBER TO THANK A DEMOCRAT: Labor Force Participation Rate Hits a 34-Year Low

We have now experienced five years of Obamanomics.

The results have been, in a word, catastrophic.

Here’s an open question for any liberal reading along (and by that I mean you, Carlito, among others): how many more failed experiments in central planning, including the $ 1 trillion “Stimulus”, Obamacare, Dodd-Frank, nationalization of the student loan business, “Cash for Clunkers”, open borders, etc. will you tolerate before you finally declare that this regime’s Marxist agenda will only end in misery?

How many more failures will you accept before you put your children above your religion of Statism?

Please consider Exhibit 4,806 in a series I call “Legacy of Failure – The Results of Barack Obama’s Marxist Agenda“:

President Obama’s policies have devastated all age groups, but the most heartbreaking impact is on the young:

Gallup reports that, “The lack of new hiring over the past several years…seems to have disproportionately reduced younger Americans’ ability to obtain full-time jobs.” … According to Gallup’s “Payroll to Population” measure, fewer Millennials were working full time in June of 2013 than in June of 2012, 2011, or 2010… A recent 2012 Pew Research Center study found that 36 percent of the nation’s Millennials were still living with their parents.

Millions of older Americans have responded to the lack of job opportunities under Obamanomics by becoming “disabled.” Based on disability statistics, you would think that Americans have suddenly gotten sickly, or perhaps that we have been fighting a war:

A study from the Federal Reserve Bank of San Francisco also attributes the drop in [labor force participation] in part to the “increased use of some social benefit programs, notably disability insurance.” … Fourteen million Americans, including roughly 8.5 million former workers receive disability. In 2011, that included 4.6 percent of the population between the ages of 18 and 64. These Americans are not included among the “unemployed.”

Fourteen million Americans on disability–that is more than the populations of Wyoming, Vermont, North Dakota, Alaska, South Dakota, Delaware, Rhode Island, Montana, New Hampshire, Maine, Hawaii, Idaho and West Virginia, combined: every man, woman and child in 13 states. The exploding ranks of the “disabled” are due to the absence of jobs in Barack Obama’s economy. The human cost of this tragedy is incalculable.

The CEO of Express Employment Professionals, a former Chairman of the Federal Reserve Bank of Kansas City, says: “All indicators suggest this shift [out of the labor force] is not sustainable.” That’s putting it mildly.

How much suffering do you want, liberals? How much more misery are you willing to impart on the next generation before you finally reject central planning? On a scale of Spain to North Korea, how far are you willing to go?

Hat tip: BadBlue Financial News.

Doug Ross @ Journal