Jobs, Jobs, And More Jobs

“Fight Against Stupidity And Bureaucracy”

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This post is about jobs.

You might have guessed that from the title.

Not the late Steve, the other kind.

During the past months America has been creating approximately 200,000 jobs. At least that’s what the official figures are saying. It has helped to indicate the underlying strength of the economy, led to official unemployment figures of 5.5% and propped up the USD on the foreign exchange markets.

And no one is questioning any of it.

It’s as if it’s really real.

Again it’s all a question of what you do with the numbers.

The May 2015 figure for the labor force is 157.5 million. That is the figure the government uses to calculate it’s unemployment rate of 5.5%.

That’s what they call the ‘U3’ number. U3 is the official unemployment rate.

But there is also a ‘U5’ number that includes discouraged workers and all other marginally attached workers; and a ‘U6’ number that adds on those workers who are part-time purely for economic reasons.

Don’t ask me what happened to ‘U1’ or ‘U4’ because I don’t know. However ‘U2’ is a very successful pop group from Dublin, Ireland.

The problem is that the “official” unemployment rate (U3) does not count discouraged workers who have settled for part-time jobs or have given up looking altogether because they believe there are no jobs out there for them.

There are about another 7.5 million or so people who were not considered ‘unemployed’ because they were employed part-time for economic reasons. Those people are also called involuntary part-time workers – working part-time because their hours were cut back or because they were unable to secure a full-time job.

If you include those individuals, (the U6 number), you get a very different figure for the nation’s unemployment rate. Unlike other jobs figures, the U6 rate actually got worse in June.

So the real unemployment rate is well in excess of 12%, more than double the official figure.

But it is even worse than that.

The economy is growing, BUT it is growing slowly, and it is growing from a very low base caused by the financial crisis that the banksters brought upon us with their fraud and greed.

In that light, an increase of 200,000 jobs or so each month is basically just replacing some of the millions of jobs lost during the bank-caused recession, not creating ‘new’ jobs as such. In other words we’re just slowly getting back to where we were.

The forecasts aren’t optimistic either. If and when the workers laid off during the recent recession find new jobs and we get to what the government calls full employment, the labor force is forecast to grow at a rate of only 0.5% for the rest of this decade. At 0.5%, we grow at a rate of about 66,000 a month — nowhere near 200,000. Next decade it’s even worse, at 0.2%.

Add to that the fact that a great number of the jobs being created are government bureaucratic jobs that cost the country money, not real jobs that produce wealth for the country and you can see that there is little for the politicians to crow about.

As I noted in my post on Wednesday, with statistics you can ‘prove’ anything. Take any government figures with a great big pinch of salt.

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With Statistics You Can ‘Prove’ Anything.

“Fight Against Stupidity And Bureaucracy”

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With statistics you can prove anything.

Take global warming for example.

Although Al Gore blatantly exploited the global warming theory to make himself millions of dollars in one of the biggest scams in recent history, the real inconvenient truth about the guff he was peddling was that the statistical evidence didn’t back up what he was saying.

That was a BIG problem for his credibility and for the credibility of the pseudo-scientists who had grabbed on to his coattails to try to make a name for themselves also.

There were only two possible things they could do.

(1) admit they had got it wrong,

or

(2) change the statistics.

Of course, door number (1) meant telling the truth, so they chose door number (2).

They changed the statistics.

Basically what the pseudo-scientists have now done is made the inconvenient “pause” in global warming disappear.

In a new paper published by NOAA (National Oceanic and Atmospheric Administration) they now estimate that global temperature during the period 1998 to 2012 increased twice as fast as all other estimates had calculated.

Of course, their new study stays well clear of six of the seven temperature sets used by climate scientists and instead uses the one regarded as problematic, the one shunned even by the UK’s own Met Office.

How they think they can get away with such crap is beyond me.

What they have done this time is just make the numbers up as they need them. Where instrument readings didn’t exist, for example for the Arctic, they stuck in a ‘guess’ of what they would have been, a ‘guess’ that would be sure to support the conclusion they wanted to reach.

Past temperatures like the HOT 1930s have been erased and other figures ‘massaged’ to emphasize recent warming.

The whole thing is another big fraud to manipulate the public who invariably believe whatever they are told by supposedly ‘learned’ sources and to give unscrupulous governments the ammunition they need to introduce more unnecessary legislation and taxes.

Facts, like the almost two decade long pause in global warming, are officially accepted by organizations like the IPCC (Intergovernmental Panel on Climate Change), but you would never know it if you read any of their reports because this type of information is buried so deep within it that hardly anyone sees it.

So if you ignore reality and make up your own numbers you can indeed prove anything with statistics.

In fact….

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