Unemployment impact on American households, February 7, 2013, NY Times reports Rutgers study, Nearly a quarter layed off, Recession all consuming, Real unemployment rate

Unemployment impact on American households, February 7, 2013, NY Times reports Rutgers study, Nearly a quarter layed off, Recession all consuming, Real unemployment rate

“With a 63.7% labor force participation, “conditions in the labor market are considerably worse than indicated” in July’s report”…economist Joshua Shapiro, WSJ August 3, 2012

“The United States economy has lost more jobs than it has added since the recovery began over a year ago.”…NY Times Sept. 20, 2010.

“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984″

The following is a decent article from the NY Times except for the fact that it fails to accurately reflect the real unemployment rate. That is, the large number of people who have dropped out of the workforce, i.e., the large drop in the Labor Force Participation Rate.

Where I come from, if you are going to report the truth about unemployment and the impact on American households, you do not omit that important fact.

From the NY Times February 7, 2013.

“Profound Weight of Layoffs Is Seen in Work Trends Survey”
“Layoffs have touched nearly every American household in some fashion over the last few years, according to new survey data to be released Thursday by the John J. Heldrich Center for Workforce Development at Rutgers University.

While about 8 percent of Americans are unemployed, nearly a quarter of Americans say they were laid off at some point during the recession or afterward, according to the survey. More broadly, nearly eight in 10 say they know someone in their circle of family and friends who has lost a job.

“This to me is why the recession was so all-consuming and is likely to influence the American psyche,” said Cliff Zukin, a public policy and political science professor at Rutgers and co-author of the report. “Almost everyone, four out of five, were directly or one step removed from unemployment and all that goes with it financially, socially, psychologically.”

The survey presented a bleak view of the economic future.

A majority of Americans say they think it will be at least six years before the economy is made whole again, if ever. Three in 10 said the economy would never fully recover from the Great Recession.

“Despite significant improvements in the nation’s labor market, American workers’ concerns about unemployment, the job market, job security and the future of the economy have not changed much since we conducted a similar survey in August 2010,” the report said.

Just a third of Americans surveyed in this poll, conducted from Jan. 9-16, said they thought the economy would be better next year, the same share that said so two years earlier.

Of those laid off in recent years, nearly a quarter said they still had not found a job. Re-employment rates for older workers have been particularly bad, with nearly two-thirds of unemployed people 55 and older saying they actively sought a job for more than a year before finding one or had still not found work.”

http://www.nytimes.com/2013/02/07/business/profound-weight-of-layoffs-seen-in-survey.html?_r=0

Rutgers University study.

http://www.heldrich.rutgers.edu/sites/default/files/content/Work_Trends_February_2013.pdf

Here are a few examples of what could have been added to the report:

“The unemployment rate fell by .2 percent only because the labor force participation rate dropped .2 percent to record lows.”

http://citizenwells.wordpress.com/2012/09/07/labor-force-participation-rate-drops-to-record-low-unemployment-still-over-8-percent-2-percent-drop-in-labor-force-lowers-unemployment-rate-white-house-brags/

“Here is the acid test, the bottom line on Obama and the Democrats impact on jobs.

When the Democrats took control of congress in January 2007, the unemployment rate was 4.6 percent.

When Obama  took control of the White House in January 2009, the unemployment rate was 7.8 percent.

The stated current unemployment rate is 8.3 percent.

That is job creation???

http://data.bls.gov/timeseries/LNS14000000

And that is not all.

The Labor Force Participation Rate has dropped. If that rate had not dropped, the unemployment rate would have been significantly higher.

When the Democrats took control of congress in January 2007, the Labor Force Participation Rate 66.4 percent.

When Obama took control of the White House in January 2009, the Labor Force Participation Rate was 65.7 percent.

The Labor Force Participation Rate currently is 63.7 percent.”

http://citizenwells.wordpress.com/2012/08/05/obama-job-facts-august-5-2012-obama-lies-about-jobs-created-fewer-jobs-since-obama-and-democrats-took-control-higher-unemployment-lower-labor-force-participation/

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37 responses to “Unemployment impact on American households, February 7, 2013, NY Times reports Rutgers study, Nearly a quarter layed off, Recession all consuming, Real unemployment rate

  1. The following is a well researched article that one may like for keep bookmarked for sharing with scaremongers. http://www.forbes.com/sites/larrybell/2013/02/05/in-their-own-words-climate-alarmists-debunk-their-science/

  2. …one may like to keep bookmarked….

  3. Yup, CW and Zach,

    2+ feet of white global warming is on the way and it’s gonna be really hot, too: Mid 20s throughout the event.

    Shorts, flip-flops and tank tops will be the order of the day.

    Good luck, Zach!

  4. bob strauss linked Breitbart last night, to a clip of Maxine Waters talking about a powerful database that “has everything on everybody” which Obama has developed. I guess that’s no surprise to most here, but I was surprised they are admitting it. She seemed to be intimating that he would use it against any challenger (including Democrats) in 2016. I guess he has no plans to leave. At least that’s what I took away from it.

    http://www.breitbart.com/Breitbart-TV/2013/02/06/Maxine-Waters-Reveals-Obamas-Secret-Data-Base-Filled-Voters-Private-Info-Dems-Secret-To-Crush-GOP?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BreitbartFeed+%28Breitbart+Feed%29

  5. That interview was relealing in so many ways…………..I guess Maxine has a hard time keeping her lips buttoned.

  6. I don’t usually comment on women on this blog…except forthe likes of Pelosi and this idiot MAXINE……Congress had better tell her where she and the bummer can place their date base…and it isn’t where the sun shines…

    She is a bona fide COMMUNIST that the stupid people in California keep putting back into office because she thinks she is Mrs CLAUS……

    If my memory serves me correctly…I think she.was very close to going to jail recently but some high ranking DEMOCRAT kept her out…but I do think her husband is in the pokie….

    p.s. SueQ…I think she has injected about 2 pounds of Botox in those lips…looks like some I have seen on pigs….except for the lipstick

  7. Har dee har RMinNC, but I must correct you about “stupid” people in CA. I think they are called “low information voters” or some such thing.

  8. Resistance to the illegal killing of American’s by drones by the president or and any of his hinchmen is building…..state of Virginia about ready to move a lawsuit against Obama for murder. Here is THE JUDGE’s second opinion of the matter.

  9. CA is 2 different states.
    When you get away from the big cities on the coast & south, there are conservatives & real people.
    Even in Hollywood there are a group of conservatives, Bettina Viviano, Gary Sinese, etc.
    God bless & help them.

  10. Regarding Maxine Waters.
    You can’t fix stupid.

  11. hahahaha SueQ…could that include all 15 million?

  12. CITIZEN WELLS….

    Reference you comment at 10:08…..AMEN

  13. Thomas Lifson:

    “Apparently Tony Bennett also left his brain in San Francisco”

    “Call the irony police. Tony Bennett has argued that unless America controls guns, it will become like Nazi Germany.

    The Nazis, of course, confiscated guns, which ensured that when it came time to haul away the Jews, it could be accomplished with almost no casualties, except for all the Jews.
    Born in 1926, young Anthony Dominick Benedetto was a child as the Nazis assumed power. My colleague Rick Moran thinks it is “sad” that the 86 year old Bennett has embarrassed himself.
    But will Bennett receive enough scorn to learn anything? Ridicule, Alinsky teaches us, is powerful. The dominant entertainment/news culture will leave him alone, so it is up to the right to generate funny and compelling enough ridicule to break through the liberal bubble.
    The gun-grabbers have never had facts and logic on their side, so mindless appeals to emotion form the primary thrust of the current political campaign against gun ownership. So is the use of celebrities to reach and persuade low information voters with emotional appeals.”

    http://www.americanthinker.com/blog/2013/02/apparently_tony_bennett_also_left_his_brain_in_san_francisco.html
    ==========
    “I Left My Heart In San Francisco – Tony Bennett”

  14. Pretty darn funny, Bob.

    I remember that! Notice the woman in the background……….how she puts her hand over her mouth as if to say “Oh my…..she wasn’t supposed to say that!”

  15. “Obama Addresses Fellow Kenyans From White House: Follow Rule Of Law; Reject Corruption”

    http://obamareleaseyourrecords.blogspot.com/2013/02/obama-addresses-fellow-kenyans.html

  16. VIRGINIA CLOSE TO CHARGING OBAMA WITH CAPITAL MURDER!!

    A stunning Ministry of Foreign Affairs (MFA) report on current legislative actions being considered and/or proposed by the individual States in America states that Virginia appears to be close to executing a warrant against President Barack Obama for the crime of “capital murder” which carries the death penalty.

    http://newsdoors.blogspot.com/2013/02/virginia-set-to-charge-obama-with-death.html

  17. GORDO….thanks

    After watching the video..all I can take from it, other than Obama confirmed his Kenyan citizenship was:
    DO AS I SAY…NOT AS I DO.

  18. CW
    Good observation concerning California….the same holds true in Oregon,Washington…wait a minute…it holds true in almost every state.

  19. Sue Q,
    Thanks for the heads up on AZ Gov. Brewer caving in on the Obamacare exchanges. She came out against it in Nov. but has since found out how much federal money will be lost to the state. The famed Gov. Martinez of NM has also followed suit. This is sick, sick, and all because of immediate expediency with little or no thought for the long-term effects. Kudos to your AG.

    Stay safe during the pending heavy “global warning” and don’t get too sunburned!! :) What a crock! (global warning, that is)

  20. cabby
    Let’s see…the federal money they withold from states that don’t capitulate…is our money…the same money that our federal government holds over the heads of foreign countries to get them to capitulate….that money is gleaned for them (the government) via the IRS….hmmm…what’s wrong with this picture?

  21. cabbyaz……good morning friend.

    I have never been impressed with Jan Brewer…she’s like Obama….
    .SAYS ONE THING, DOES SOMETHING ENTIRELY DIFFERENT

  22. BRENNER’s SENATE HEARING AT 2:30pm TODAY ON CSPAN…

    .it will be interesting to hear how he justifies scrubbing OBAMA’S PASSPORT RECORDS…..if someone has the guts to ask that question.

  23. CW
    You neglected to mention ‘Bruce Willis’, among those Hollywood characters who support gun rights…he also went a step further and addressed the Declaration, Constitution, and the Bill of rights and the problems that will be created when they are tampered with.
    While it doesn’t surprise me that he (of all people) spoke out, it did surprise me that he has somewhat of an understanding of what is ultimately at stake here. He understands fully that his profession ( in the land of make believe) literally hangs on his first Amendment protections whereas his contemporaries don’t really seem to get it.

  24. coldwarvet2.
    No neglect.
    No attempt made to list all.

  25. Read article Attorney General Virginia Capitol Murder Charge ? WOW
    http://www.commieblaster.com

  26. CW
    … word not intended as derogatory…sorry about that…

  27. Listening to J D Hayworth filling in for a local host this a m. A caller who attended the pro 2nd amendment rally in Maryland said he confronted O’Mally and pointed out that the Supremes had already decided some years ago that “you can’t license or tax a right”! Such a good point!

    But such is the way we’re headed. Soon we will need a license to open our mouth………… to speak freely……………… to believe in God.

  28. “Adolf Hitler – Progressive Pioneer”

    “President Obama’s second inaugural was a speech that the Obama Media literally drooled over as a straight forward and forceful expression of progressivism unmatched in American history. I agree, it was, but there was one thing that bothered me… the tendency of these media personalities to ignore the sources of many of the ideas the president expressed so well.

    In the interest of fairness and as a debt to history, I think it’s important that we take a minute to give due credit to one of the greatest progressives in history, someone who undoubtedly should be an inspiration and influence to all progressives – former German leader Adolf Hitler, who against strong odds rose to power and fundamentally changed Germany and for a while, the world.”

    http://gulagbound.com/37399/adolf-hitler-progressive-pioneer/

  29. Hmmmmm………………..if health care is a “right”………..can’t tax it. End of discussion.

  30. coldwarvet2.
    I know that.

  31. RMinNC | February 7, 2013 at 11:56 am |
    cabbyaz……good morning friend.

    I have never been impressed with Jan Brewer…she’s like Obama….
    .SAYS ONE THING, DOES SOMETHING ENTIRELY DIFFERENT
    ****************************
    Good morning to you, too!
    I fully agree about Brewer. When she came out against Obama’s stance towards AZ’s immigration policies, she was applauded; however, her attitude re. Sheriff Joe Arpaio’s straight-forward findings re. the birth certificate and other fraud was absolutely revolting. I fear that she has been around RINO McCain too long.

  32. No offense but what is going on with female governors.
    Lingle, Brewer & of course……drum roll, the former Gov of LA Kathleen Blanco.

  33. No offense taken! When we talk about male traitors, you don’t take it personally, do you CW?

  34. SueQ.
    No reason to.

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