More bogus job data: how can unemployment be down with workforce participation at 36-year low?

There are lies, damned lies, and then there are statistics – and I’m not exactly sure what we’re getting this month from the Bureau of Labor Damned Lies Statistics.

In its release for June, BLS says unemployment dipped 0.2 points to 6.1 percent and non-farm payroll employment added 288,000 jobs. Of course, those figures are “seasonally adjusted” (i.e. “seasoned to taste”).

Because if you look at the full number of unemployed (the unemployed, underemployed and just plain discouraged), the real percentage is 12.4 percent. Workforce participation is at 62.8 percent, a 36-year low. That means 92,120,000 Americans 16 and older not only didn’t have a job, but didn’t actively look for one in the last four weeks.

Unemployment in the black community is particularly dire, at 10.7 percent, and it’s going to be long hot summer for teens, whose unemployment is at 21 percent – but 38.7 percent for black teens.

Of course what the BLS will never tell you is we need close to 400,000 new private sector jobs every month to right the economic ship of America. As well, you must realize the exploding Dow Jones numbers as not truly reflective of a free market economy but rather a federal reserve-manipulated artificial economy — excessive printing of money and artificially low interest rates via “quantitative easing” — are attempting to keep our economy afloat in the face of failing fiscal policy emanating from this current Obama administration.

I’d like to see America adding more jobs in the energy sector considering the events occurring in the Middle East. And another concern I have is the level of government spending currently driving our economy — close to 24 percent of our GDP, which ideally should be maintained between the historical band of excellence at 18-21 percent.

I would venture to guess a large number of Americans feel we’re still in a recession — so much for that “summer of recovery.” High gas prices, high food prices, losing full-time equivalent jobs and forced to work part time — that equals a recession for the middle income American family.

The American economy is crawling. We need to get back to running.

26 COMMENTS

  1. The lies keep coming. Have been out of work for 4 years and just got a contract but not sure how long it will last. I know so many people that can’t find work and they continue to look but there is nothing out there if you’re in you 50’s +

  2. The answer is quite simple, barry gives orders to his bureaus and they conform to what he demands. He wants low numbers. So the bureau massages the numbers, so they get the desired effect that barry wants.
    The stock market is not a measure of how the economy is, it is a measure of how much investors have to spend and earn.
    The fact is most Americans d not fall under the catagory of investors as they have been out of work for years and will never find work.
    If barry was truly interested in getting people back to work he would invest the billions he sends to the Middle East, Into infrastructure and therefore creating a lot of jobs.
    Not barry, He doesn’t give a crap about that. He just wants to look like a hero in the history books

  3. There are few employers who can or will pay more than 9.00/hr and 1449/month and 17280 per year – below the poverty level. This is for jobs who want 3-4 experience, multiple certificates, further education. No wonder – these people can get paid more from unemployment. You cannot even pay rent and food at that wage let alone gas to get to work. Our government has allowed millions of manufacturing jobs overseas and we get crap products in return. The government and big business are traitors – building up the economy of other nations while ours dies.

  4. COMEDY!!!!! Good job number the only thing you people do is complain!! Like I keep saying….you are willing to destroy a nation because of one man…you people are DOMESTIC TERRORIST!!

    • Earl its people exactly like you that allow this country to free fall, celebrate it when it does and criticize anyone who complains or tries to stop it. Liberal traitors who want to abolish the constitution and everything America stands for. You aren’t fooling anyone here so go do your little goose step where someone will appreciate it.

    • Earl, how stupid are you? The whole point is that the 6.1 number is false. Its based on the fact that they intentionally don’t count actual unemployed people – they only estimate based on the number of new unemployment claims from a phone poll. Please, go look up how this number is calculated. And then compare it to actual data – such as a population increase, less people of legal working age actually working (and not because they are wealthy – they are on the govt dole). Wake up. You are the problem, not Obama. He is a liar. You are the believer.

      • Like i said….COMEDY!!!! Ever notice that EVERYTHING that comes out POSITIVE you people think its a lie or distraction! The president is doing a GREAT JOB even without republican participation!!! This is why you people are considered DOMESTIC TERRORIST!

  5. The economy as of June had gained just over 4.8 million jobs since Obama took office in January 2009. The unemployment rate has declined to 6.1 percent, which is 1.7 points lower than when he took office and 3.9 points lower than it was at its worst point during October 2009.

  6. Bottom line, in April of 2014 about 23% fewer Americans were working full time than in January of 2009. In that same period the population rose about 4%.

    This is a Good Thing?

    Notice too, that these preliminary numbers, touted with much fanfare, are very often revised downward when the numbers become permanent, with very little, if any, fanfare.

  7. Spot on, Col West!
    And adding to the obama administration’s lies, the damned lies, about unemployment, underemployment and the just plain discouraged are the angry. The damned angry!!

    • Put your energy into someone that has a actual chance of winning the republican nomination! All of this “ALLEN WEST FOR PRESIDENT” crap is just that….CRAP!!

  8. I would like to know what it feels like to work full time
    hours again and receive benefits. Thanks to this President I am beginning to
    wonder if I will ever be that fortunate. Today I make just enough money to
    survive. No vacations to look forward to or a little something extra to bring a
    little joy to my life. Our President can talk about the economy improving all
    he wants as for me I only recognize it as one more lie among his many lies. I’m
    52 and never in my life have I been worse off than I am today. I agree with
    what I heard in the news this week, Obama is the worst President since WWII. We
    may not have Hooverville like we did during the Great Depression, but instead
    so many of our young adults are having to move back home with mom and dad. I
    myself have done the same, however, in my case it was also to help my elderly
    mother. 2016 can’t get here quick enough for me.

    • I’ve worked my whole life with the idea that the longer and harder I worked, the better off (more stable) I’d be. Now I’ve lost everything and having to start over. Again. In fact, I was better off younger than I am now after working nearly 30 years. Not that I had much when I was younger but at this point, it’s starting to look that way. At least I’ve got survival skills -and my faith in God. I refuse to let obama put me out on the streets. It is not his decision to make. I will live to see this once proud nation shine again!

      obama is the worst president -EVER.

  9. So, on the heels of a nearly flawless jobs report, I thought I’d finally give in and make a list of a few things Republicans can blame on President Obama: Job losses were cut by more than 50% within his first 4 months in office. He saved the American auto industry. Has cut our deficits by more than half. Killed Osama bin Ladin. Got Syria to give up their chemical weapons without firing a single shot. Presided over record breaking stock levels (with the Dow just recently closing over 17,000 for the first time in its 118-year history). Reduced unemployment from 10% to 6.1%. We just saw the fastest first quarter of job growth in the United States since 1999. The quickest drop in unemployment in 30 years. 52 straight months of private sector job growth. 9.7 million private sector jobs created. Over 8 million people signed up for health care thanks to the Affordable Care Act. Millions of Americans have gained, or kept, health care coverage thanks to Medicaid expansions and being able to stay on their parents’ insurance longer. He hasn’t started a single war. Hasn’t tried to confiscate a single gun.

    • Did you actually read the article. Unemployement is really 12.4% and the percentage employed is at the lowest since.1978 (another wonderful Dem President, Jimmy Carter in charge) The Dow is NOT reflective of the real
      economy. GM and Chrysler would have come out of the slump even stronger
      had they been allowed to reorganize under Bankruptcy (bankruptcy doesn’t put
      a company out of business, but lets them restructure debt) but that would have ment excessive Union costs would have been curtailed and the Dems would never hear of that, so a $50 billion bailout. Affordable Health care is becoming
      more and more UNAFFORDABLE as the costs pile on top of out almost
      $18 trillion debt. The Seals go Bin Laden, NOT OBAMA. 52 straight months of job growth??? If you add 100 jobs from one month to next that counts as job growth. 9.7 million private sector jobs added????? Why is Job Participation at a 36 year low. Could it be we added 9.7 million mostly low paying and part-time jobs while losing 11 million real full-time positions in the meantime. Libs love to pull facts out of the air and spin those facts they don’t like.

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