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Blatent Lying on Jobs Report Today



February 05, 2010 – Comments (9)

I don't have time to tear the numbers apart, however, I'm sure Mauldin one of his guys will, so take a look at his site:

In short, there is no way that "discouraged" workers dropped.  Last month they- yes, freaking "they" again- said that the workforce shrunk by 2 million people.  Come on, that's not even a good lie.

I have clients who own businesses all over southeastern Wisconsin and greater Phoenix, NONE, not one, nada, are hiring right now (which might speak to the fact that virtually all of my clients are manufacturers, contractors and installers of some sort).  Most are on shortened work weeks. 

Until we decide to rebuild the power grid and transportation system, and add water recycling facilities, we are not going to see nearly the growth we need to get employment growing. 

There are about 2 million construction workers and another 3-4 million skilled trades people out of work, they need to be employed first as that will create some money velocity to employ the paper pushers and service providers. 

The President also must push retraining of the workforce with some sort of very public and effective program, as we have way too many unskilled people who fall into the paper pusher/service provider cats. 

Folks, gov'ment is still being stupid.  Write your Congress people and tell them to rebuild the infrastructure and include a few nuclear power plants, that is probably the only thing that saves u.s.

9 Comments – Post Your Own

#1) On February 05, 2010 at 9:29 AM, ayekappy (< 20) wrote:

U6 unemployment only covers a 12 month window.  Everything before the 12 month window just drops off.  12 months ago there were a lot of unemployed people already.

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#2) On February 05, 2010 at 9:52 AM, topsecret10 (< 20) wrote:

  They are definitely cooking the numbers....  I have been In commercial construction for 26 years. This Is the longest that I have ever been out of work. I have been unemployed for a year on Feb 6th. The economy Is getting worse,not better. Housing market Is stalled,companies are not hiring for the most part. I see a double dip,or worse going forward ....    TS

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#3) On February 05, 2010 at 10:17 AM, carcassgrinder (33.67) wrote:

TS....what area of the US are you located in?  I'm asking because I'm in the biz and know some peeps around.  Are you a contractor or what?....just seeing if I could help.

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#4) On February 05, 2010 at 10:18 AM, topsecret10 (< 20) wrote:

A sharp increase in the number of people giving up looking for work helped to depress the jobless rate. The number of 'discouraged job seekers' rose to 1.1 million in January from 734,000 a year ago.......

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#5) On February 05, 2010 at 10:35 AM, topsecret10 (< 20) wrote:

 Carcassgrinder...    I am currently In California. I had been working In Las Vegas until everything Imploded....   I am a plumber/ pipifitter.  I was running work for Desert Plumbing In Las Vegas when my dad got very sick. I went to be with him,and Desert had to replace me because I had to take so much time off to attend to my father In California. He passed away,and I have been trying to find a lawyer to take our wrongful death case,but to no avail. There Is a CAP on damages In California of $250,000 that has stayed the same since 1975. Even though we have a case,no lawywer will take It because of the small amount of money that Is Involved even If we win.... It's a bad law that protects hospital negligence.....  Got a little off subject,but thats what I have been doing over the past year.... thanks for your concern.....    TS

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#6) On February 05, 2010 at 10:45 AM, cthomas1017 (98.75) wrote:

I agree with everything you wrote except the assertion that somehow water recycling someone is a critical part of getting our economy back on track.  Is there a looming crisis that I've missed.  And that is an investment that needs to be moved to the top of our infrastructure rebuilding list?!?  There's plenty of good water in the 10 or so states that border the Great Lakes.  Rebuild the economies in those states (including the ports, for what it's worth) and reduce the exodus there, and "Voila!"  ("wa-la" for those of you with a 3rd grade education).

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#7) On February 05, 2010 at 11:12 AM, davejh23 (< 20) wrote:

How can anyone put a positive spin on the jobs report?  Pretty much every measurement came in worse than the consensus estimate, except for the actual unemployment percentage, which is obviously a lie.  The consensus estimate was that we'd have a slight jobs gain...we lost jobs.  The estimate for annual revision was for an increase to 8 million lost jobs...the actual report was 8.4 million...more than a 10% revision!  And there is no way the unemployment rate can drop as we lose jobs unless the labor pool shrinks...the 0.3% "improvement" in the rate equates to hundreds of thousands still exiting the work force.  Overall, it looks like the report is FAR worse than expected.

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#8) On February 05, 2010 at 12:00 PM, kirkydu (91.21) wrote:

From Shadowstats

CThomas, the United States has lost 1/3 of it's fresh water the last century by not returning it to the water cycle or by pollution.  There are water shortages in about 35 states.  I'm not sure where you live, but yes, there is a critical water issue in this country.  Interestingly, by fixing and upgrading our rediculous water and energy systems, we can easily employ 4+ million people for about twenty years, as well as, reduce foriegn energy dependence and still have water in the next century.  BTW, you meant Veolia!!!

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#9) On February 05, 2010 at 12:21 PM, DownEscalator (< 20) wrote:

"Is there a looming crisis that I've missed."

Water regulation/usage/conservation is the NUMBER ONE ISSUE facing the long-term future of the United States.

The fact that our President and Congress would rather concern themselves with rigging the markets and toying around in the Middle East and promising people health care is, as far as I'm concerned, treason.

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