by John Galt
July 8, 2012 21:30 ET
I realize that maybe 0.0005% of my readers have the time to dig up these obscure statistics and that there are smart asses who think that the masses follow this data but the truth is that is why I provide it. The smart asses proclaim “anyone can read it” yet the truth is the MSM and BSM (Bull S**t media) wants to keep the average American from seeing the truth and that is because the truth hurts.
Thus the question is quite simple:
Actually, it should be “where da jobs at” but Blazing Saddles will do for this discussion and to make everyone snicker.
To break down the data, it takes a moment to dig up some obscure points of information from the BLS reports, and as usual, mine is non-seasonally adjusted so as to reflect current reality, not statistical whimsical nonsense.
I. Employment v. Population Ratio
Instead of focusing on the total number of people not in the labor force first, let us take a look at the ratio versus total population which is more indicative of how pathetic this economic expansion has been;
The above chart demonstrates that since the Jimmy Carter era economic collapse has the U.S. economy not been able to increase employment at a rate to offset the decline in the economy overall. In fact it was the “Reagan Recovery” starting in 1983 which sparked historic levels of economic expansion which since have collapsed to 1930′s levels under the malfeasance of the Bush and Obama regimes.
Yet nobody will acknowledge that the chart above is a true indication of the total collapse of the employment creation machine which will sustain America into this century because of an imposition of anti-capitalist policies since late 2008.
II. Males not in the Labor Force
Men, the backbone of the U.S. economy (sorry ladies) are at an all time high regarding non-participation in the labor force:
This is the highest level in history since records have been kept in the mid-1970′s. No further comment is necessary.
III. A Disabled Workforce
While this chart reflects a little improvement compared to 2011, the numbers are drastic as indicated by last month’s report where more non-military individuals filed for disability than jobs were created (85,000 vs. 80,000 per this article at Investors Business Daily). The problem with this is that as unemployment benefits are discontinued when the 79 or 99 weeks expire, more individuals are finding doctors willing to promote or write permanent disability reports for unemployed citizens.
This is trait more akin to the Greek, rather than the U.S. economy.
This again reinforces the question; where are all the jobs that are allegedly being created? Especially full time jobs with “living wages” (their words, not mine) that the regime and its ilk have been promoting for years now…..