Category Archives: Employment

February 2015 jobs report, More part time low paying jobs?, Jobs lost and labor force growth not covered, Illegals exacerbate already bad employment scenario, Recession over June 2009?, Over 5 million jobs lost Obama’s first year

February 2015 jobs report, More part time low paying jobs?, Jobs lost and labor force growth not covered, Illegals exacerbate already bad employment scenario, Recession over June 2009?, Over 5 million jobs lost Obama’s first year

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

Another jobs report is coming out for February 2015.

ADP just reported 212,000 jobs added.

Regardless of the number, the lies about the job situation and economy will continue from the Obama Administration and Obama controlled mainstream media.

Did you know that 5,088,000 jobs were lost during Obama’s first year in office?

(From the US Labor Dept.)

Jan 796,000-
Feb 703,000-
Mar 824,000-
Apr 684,000-
May 355,000-
Jun 467,000-
Jul 325,000-
Aug 217,000-
Sep 227,000-
Oct 201,000-
Nov 6,000-
Dec 283,000-

And in 2010.

Jun 130,000-
Jul 64,000-
Aug 39,000-
Sep 49,000-

Recession over June 2009???

From Citizen Wells March 2, 2015.

“Here is the truth:

Job recovery of what jobs?

It is questionable if we have recovered the jobs lost prior to Obama taking office.

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

New entrants to the labor market, those turning 16, netted by deaths yields at least 9 million new workers.

The US Labor Dept. states that we have approx. 15.5 million more in the labor force since January 2009.

4.7 million migrants were given work permits and God only knows how many more illegals entered the country.

There was an increase of over 12 million not in the labor force since Obama took office.

This is one reason that millennials are having a tough time.

Of the jobs touted in the article above for last year, 1.3 million went to Hispanic/Latinos. Almost as much as White Americans.”

https://citizenwells.wordpress.com/2015/03/02/job-recovery-a-lie-over-9-million-millennials-entered-job-market-2-8-million-fewer-white-americans-employed-in-obamas-first-year-4-7-million-migrants-given-work-permits-sloppy-reporting-bias-orw/

So, in 2009, Obama’s first year in office, we lost 5,088,000 jobs, added at least 1.5 million legal workers to the labor force and God only knows how many illegals.

Oh sure, the recession was over in June 2009 and the economy was well on the way to recovery….if you are on drugs,

Perhaps that explains it.

 

Job recovery a lie, Over 9 million millennials entered job market, 2.8 million fewer white Americans employed in Obama’s first year, 4.7 million migrants given work permits, Sloppy reporting bias Orwellian lies?

Job recovery a lie, Over 9 million millennials entered job market, 2.8 million fewer white Americans employed in Obama’s first year, 4.7 million migrants given work permits, Sloppy reporting bias Orwellian lies?

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Read the following Market Watch article and decide for yourself if it is Sloppy reporting, bias and/or Orwellian lies.

From Market Watch March 1, 2015.

“Jobless recovery is now the job-led recovery”

“The easiest way to explain why the U.S. economy appears poised for its best growth in years can be found in a pair of words that have become more and more common: Help wanted.

Over the past year the U.S. has cranked out an average 259,000 new jobs a month, including almost 1 million positions in the last three months alone. That’s the strongest increase in employment in a decade and a half.

Nor is there any sign hiring is about to crumple. The U.S. added 252,000 jobs in January and economists polled by MarketWatch predict a milder but still-healthy 235,000 gain in February. The unemployment rate is seen dipping to 5.6% from 5.7%, though the official figure excludes millions of people who’ve given up looking for work and those who can only find part-time jobs.

In any case, the spike in hiring has set the stage for faster economic growth even though there’s little evidence yet that workers are receiving sharply higher wages. More Americans working means more people eating out, more car sales, more home buying and so forth — even if people who already had a job don’t increase their spending at all.

Better yet, that will spur businesses to raise their own spending.

“All the gains in the labor market have generated plenty of momentum that will support more consumer spending,” said Sam Bullard, senior economist at Wells Fargo. “There will come a point when businesses will need to expand to keep up with the pace of orders and sales.””

Read more:

http://www.marketwatch.com/story/jobless-recovery-is-now-the-job-led-recovery-2015-03-01?dist=beforebell

Here is the truth:

Job recovery of what jobs?

It is questionable if we have recovered the jobs lost prior to Obama taking office.

2.8 million white Americans fewer were employed during Obama’s first year.

During Obama’s term, from January 2009 to now, 75 percent of the employment went to Hispanics/Latinos.

New entrants to the labor market, those turning 16, netted by deaths yields at least 9 million new workers.

The US Labor Dept. states that we have approx. 15.5 million more in the labor force since January 2009.

4.7 million migrants were given work permits and God only knows how many more illegals entered the country.

There was an increase of over 12 million not in the labor force since Obama took office.

This is one reason that millennials are having a tough time.

Of the jobs touted in the article above for last year, 1.3 million went to Hispanic/Latinos. Almost as much as White Americans.

And from the CEO of Gallup, Jim Clifton.

“The Big Lie: 5.6% Unemployment”

“Here’s something that many Americans — including some of the smartest and most educated among us — don’t know: The official unemployment rate, as reported by the U.S. Department of Labor, is extremely misleading.

Right now, we’re hearing much celebrating from the media, the White House and Wall Street about how unemployment is “down” to 5.6%. The cheerleading for this number is deafening. The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market.

None of them will tell you this: If you, a family member or anyone is unemployed and has subsequently given up on finding a job — if you are so hopelessly out of work that you’ve stopped looking over the past four weeks — the Department of Labor doesn’t count you as unemployed. That’s right. While you are as unemployed as one can possibly be, and tragically may never find work again, you are not counted in the figure we see relentlessly in the news — currently 5.6%. Right now, as many as 30 million Americans are either out of work or severely underemployed. Trust me, the vast majority of them aren’t throwing parties to toast “falling” unemployment.

There’s another reason why the official rate is misleading. Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 — maybe someone pays you to mow their lawn — you’re not officially counted as unemployed in the much-reported 5.6%. Few Americans know this.

Yet another figure of importance that doesn’t get much press: those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find — in other words, you are severely underemployed — the government doesn’t count you in the 5.6%. Few Americans know this.”

Read more:

http://www.gallup.com/opinion/chairman/181469/big-lie-unemployment.aspx

For more details on the facts reported above, visit the Citizen Wells articles from the past several weeks.

 

 

 

Hispanics already getting 75 percent of jobs and Obama giving them more, History trumps IHS projections, White population millennials getting decimated, Citizen Wells reveals year by year of Obama American job killer

Hispanics already getting 75 percent of jobs and Obama giving them more, History trumps IHS projections, White population millennials getting decimated, Citizen Wells reveals year by year of Obama American job killer

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I reported to you on February 11, 2015 that 75 percent of the increase in employment during Obama’s administration, that is from Jan. 2009 to the present, went to Hispanics.

https://citizenwells.wordpress.com/2015/02/11/75-percent-of-obama-jobs-added-go-to-hispanic-latinos-many-low-paying-part-time-jobs-bls-reveals-6-049-million-jobs-added-since-jan-2009-no-white-american-jobs-added-since-2006-obama-lies-why-amn/

Look it up!

On February 24, 2015 IHS reported that in the future Hispanics will get 75% of jobs.

I reported it.

“Hispanics Will Account for More Than 40 Percent of the Increase in U.S. Employment in the Next Five Years, IHS Study Says

Share of job growth will rise to more than 75 percent from 2020 to 2034″

“The Hispanic population will play an increasingly significant role in future U.S. employment growth, accounting for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million –according to a new study from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.”

https://citizenwells.wordpress.com/2015/02/27/ihs-study-75-percent-of-jobs-added-go-to-hispanics-by-2034-citizen-wells-news-flash-they-already-are-75-of-obama-jobs-added-went-to-hispanicslatinos/

Now that is an interesting projection.

What I reported earlier is history and much more powerful as information and as a condemnation of the Obama lies and agenda.

For example, the impact on millennials.

From Citizen Wells February 25, 2015.

“The problem with the percent of population employed is the increase of people over 16 in this country.

The US Labor Dept. states that we have approx. 15.5 million more since January 2009.

Those turning 16 each year netted by those dying adds approx. 1.5 million a year which totals 9 million since 2009.”

“But Obama has used his power over the immigration agencies to minimize enforcement of immigration laws. Since 2009, Obama’s senior deputies have repeatedly instructed his immigration agencies to reduce enforcement of immigration laws. For example, since 2009, his aides have given work-permits and temporary residency to 4.7 million migrants, including illegal immigrants, tourists, guest-workers and students.

That 4.7 million is in addition to the annual inflow of 1 million legal immigrants. Roughly 4 million American youths enter the workforce each year.”

“So, there you have it.

At least 9 million native born Americans being added to the labor force and immigrants taking native born American jobs.

There was an increase of over 12 million not in the labor force since Obama took office.

The youngest members of the workforce, 16 and above will be hit the hardest by immigrant workers.

And all of those jobs that Obama bragged about and Janet Yellen and others referred to….

Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!”

https://citizenwells.wordpress.com/2015/02/25/janet-yellen-millenials-a-mystery-citizen-wells-schools-yellen-student-debt-and-jobs-influx-of-illegals-impacting-job-market-75-percent-of-obama-jobs-went-to-hispanics-latinos-high-unemployment-r/

The year by year breakdown of jobs added/lost during Obama’s tenure is even scarier.

Employment added/lost.

…………….White………..Hispanic

2009    2,812,000-         85,000-

2010        248,000        335,000

2011         111,000       1,476,000

2012        788,000        688,000

2013      1,211,000        772,000

2014      1,626,000     1,325,000

Hispanics are supposedly 16 percent of the population.

It is about to get worse.

From WND February 27, 2015.

“Obama, according to the Washington Times, “told a Miami crowd that he will move ahead with his executive action on immigration and vowed that his administration will become even more aggressive in the weeks and months to come.””

““In short,” Klayman told the court, “President Obama’s defiant pledge in Miami, Florida, on February 25, 2015, to move forward aggressively with implementation of his deferred action amnesty by executive over-reach …  more than suggests that the Obama administration is continuing to implement the executive action amnesty in defiance of the court’s temporary injunction.”

 

“The Obama administration’s action “to expend taxpayers money in violation of this court’s temporary injunction order would be another affront to the rule of law,” he wrote.

WND reported earlier this week that Obama’s amnesty plan took another step forward.

It came when the U.S. Citizenship and Immigration Services announced the extension of a program allowing spouses of certain visa holders to obtain work permits.

According to the Washington Times, the move will, in 90 days, allow some 180,000 immigrants to be eligible for the benefit “in the first year.””
Read more:

http://www.wnd.com/2015/02/sheriff-joe-warns-amnesty-judge-on-defiant-obama/

Wake up America!

 

 

 

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

IHS study 75 percent of jobs added go to Hispanics by 2034, Citizen Wells news flash, They already are!, 75% of Obama jobs added went to Hispanics/Latinos

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I’ve got a news flash for IHS and Americans.

75 percent of Obama jobs, since he took office in January 2009, went to Hispanics and Latinos.

Straight from the US Labor Department.

This is one of the reasons millennials are hurting.

https://citizenwells.wordpress.com/2015/02/25/janet-yellen-millenials-a-mystery-citizen-wells-schools-yellen-student-debt-and-jobs-influx-of-illegals-impacting-job-market-75-percent-of-obama-jobs-went-to-hispanics-latinos-high-unemployment-r/

From IHS February 24, 2015.

“Hispanics Will Account for More Than 40 Percent of the Increase in U.S. Employment in the Next Five Years, IHS Study Says

Share of job growth will rise to more than 75 percent from 2020 to 2034″

“The Hispanic population will play an increasingly significant role in future U.S. employment growth, accounting for more than 40 percent of growth in the next five years and more than 75 percent between 2020 and 2034 – an increase of 11 million jobs out of an economy-wide gain of 14 million –according to a new study from IHS Inc. (NYSE: IHS), a leading global source of critical information and insight.

The IHS study, Hispanic Immigration and U.S. Economic Growth, projects that Hispanic employment growth will average 2.6 percent per year over the next 20 years. At the same time, growth of the non-Hispanic working age population will slow to near zero, and new non-Hispanic entrants to the labor force will barely offset retiring Baby Boomers. As a result, the Hispanic share of total U.S. employment will rise from 16 percent in 2014 to 23 percent in 2034.

Other key findings include:

  • Immigration will play a key role in future U.S. employment growth. By 2020, labor force growth is expected to slow to the point that the annual change in the labor force is roughly equal to the amount of net migration.
  • Despite a generally positive long-term economic outlook for Latin American countries, the U.N. projects continuing net outmigration from the 10 Latin American countries and Puerto Rico that are the primary countries of origin of the foreign-born U.S. Hispanic population.
  • According to U.S. Census Bureau assumptions about future Hispanic net international migration, the number of foreign born Hispanics will grow from 22 million in 2014 to over 29 million in 2034, and the foreign-born share of the Hispanic population will fall slowly over this period – from 39.7% to 34.8%.
  • The number of Hispanics that speak Spanish in the home will rise from 36.9 million in 2014 to 55.4 million in 2034.
  • Higher levels of immigration are conducive to stronger U.S. economic growth, and there are credible scenarios for higher levels of Hispanic immigration than assumed in the study’s baseline forecast.”

Read more:

http://press.ihs.com/press-release/economics-country-risk/hispanics-will-account-more-40-percent-increase-us-employment-n

 

 

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

Janet Yellen millennials a mystery, Citizen Wells schools Yellen, Student debt and jobs, Influx of illegals impacting job market, 75 percent of Obama jobs went to Hispanics Latinos, High unemployment rates for young Americans

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

Janet Yellen testified before congress today, February 24, 2015.

“Current Economic Situation and Outlook

Since my appearance before this Committee last July, the employment situation in the United States has been improving along many dimensions. The unemployment rate now stands at 5.7 percent, down from just over 6 percent last summer and from 10 percent at its peak in late 2009. The average pace of monthly job gains picked up from about 240,000 per month during the first half of last year to 280,000 per month during the second half, and employment rose 260,000 in January. In addition, long-term unemployment has declined substantially, fewer workers are reporting that they can find only part-time work when they would prefer full-time employment, and the pace of quits–often regarded as a barometer of worker confidence in labor market opportunities–has recovered nearly to its pre-recession level. However, the labor force participation rate is lower than most estimates of its trend, and wage growth remains sluggish, suggesting that some cyclical weakness persists. In short, considerable progress has been achieved in the recovery of the labor market, though room for further improvement remains.

At the same time that the labor market situation has improved, domestic spending and production have been increasing at a solid rate. Real gross domestic product (GDP) is now estimated to have increased at a 3-3/4 percent annual rate during the second half of last year. While GDP growth is not anticipated to be sustained at that pace, it is expected to be strong enough to result in a further gradual decline in the unemployment rate. Consumer spending has been lifted by the improvement in the labor market as well as by the increase in household purchasing power resulting from the sharp drop in oil prices. However, housing construction continues to lag; activity remains well below levels we judge could be supported in the longer run by population growth and the likely rate of household formation.”

http://www.federalreserve.gov/newsevents/testimony/yellen20150224a.htm

From CNN February 24, 2015.

“Janet Yellen: Millennials are a mystery”

“Millennials are a bit of a mystery to Janet Yellen.

The head of the U.S. Federal Reserve said Tuesday that the behavior of millennials — which typically refers to a generation of people born in the 80s and 90s — has top economists scratching their heads.

“I think we’re just beginning to understand how the millennials are behaving,” Yellen said before the Senate Banking Committee. “They’re certainly waiting longer to buy houses; to get married. They have a lot of student debt. They seem quite worried about housing as an investment. They’ve had a tough time in the job market.”

As the economy continues to gain strength, Yellen said she expects more millennials to buy homes and start families. “But,” she quipped, “we’ve yet to really see how this is going to affect that generation.””

Read more:

http://www.cnn.com/2015/02/24/politics/janet-yellen-capitol-hill-preview/index.html?iid=EL

“top economists scratching their heads.”

Janet Yellen apparently does not have a firm grasp of the impact of the economy on millennials.

Chief economist at Goldman Sachs, Jan Hatzius must not either.

Several weeks ago I corrected his statement about baby boomers impacting the drop in the percent of the population employed.

https://citizenwells.wordpress.com/2015/02/08/economist-jan-hatzius-baby-boomer-impact-debate-with-citizen-wells-drop-in-percent-of-population-working-email-debate-both-agree-not-enough-jobs-2-percent-allegation-in-cnbc-interview/

The problem with the percent of population employed is the increase of people over 16 in this country.

The US Labor Dept. states that we have approx. 15.5 million more since January 2009.

Those turning 16 each year netted by those dying adds approx. 1.5 million a year which totals 9 million since 2009.

From The Daily Caller February 23, 2015.

“But Obama has used his power over the immigration agencies to minimize enforcement of immigration laws. Since 2009, Obama’s senior deputies have repeatedly instructed his immigration agencies to reduce enforcement of immigration laws. For example, since 2009, his aides have given work-permits and temporary residency to 4.7 million migrants, including illegal immigrants, tourists, guest-workers and students.

That 4.7 million is in addition to the annual inflow of 1 million legal immigrants. Roughly 4 million American youths enter the workforce each year.”

Read more:

http://dailycaller.com/2015/02/23/federal-judge-new-illegal-immigrants-must-be-released/

So, there you have it.

At least 9 million native born Americans being added to the labor force and immigrants taking native born American jobs.

There was an increase of over 12 million not in the labor force since Obama took office.

The youngest members of the workforce, 16 and above will be hit the hardest by immigrant workers.

And all of those jobs that Obama bragged about and Janet Yellen and others referred to….

Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!

There were approx. 1.8 more people employed in the last 6 months. 50 percent of those, approx. 900,000, were Hispanic/Latino.

From CNS News February 17, 2015.

“Census Bureau: 30.3% Millennials Still Living With Their Parents”

Read more:

http://www.cnsnews.com/news/article/ali-meyer/census-bureau-303-millennials-still-living-their-parents

From the Economic Policy Institute May 1, 2014.

“This paper’s title, The Class of 2014, is admittedly something of a misnomer, as we do not yet know the labor market outcomes of these soon-to-be graduates. However, the outcomes of recent high school and college graduates provide a good sense of the labor market conditions the young men and women graduating this spring will face. This briefing paper examines the labor market that confronts young graduates who are not enrolled in further schooling—specifically, high school graduates age 17–20 and college graduates age 21–24. We look at young graduates who are not enrolled in further schooling in an attempt to focus as closely as possible on the labor market outcomes of those who are starting their careers. ”

“Key findings include:”

  • “In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.
  • Unemployment and underemployment rates among young graduates are improving but remain substantially higher than before the recession began.
    • For young college graduates, the unemployment rate is currently 8.5 percent (compared with 5.5 percent in 2007), and the underemployment rate is 16.8 percent (compared with 9.6 percent in 2007).
    • For young high school graduates, the unemployment rate is 22.9 percent (compared with 15.9 percent in 2007), and the underemployment rate is 41.5 percent (compared with 26.8 percent in 2007).
  • Overall unemployment rates of young graduates mask substantial disparities in unemployment by race and ethnicity. The unemployment rates of blacks and Hispanics are substantially higher than the unemployment rates of white non-Hispanics, for both young high school graduates and young college graduates.
  • The large increases since 2007 in the unemployment and underemployment rates of young college graduates, and in the share of employed young college graduates working in jobs that do not require a college degree, underscore that the current unemployment crisis among young workers did not arise because today’s young adults lack the right education or skills. Rather, it stems from weak demand for goods and services, which makes it unnecessary for employers to significantly ramp up hiring.
  • The long-run wage trends for young graduates are bleak, with wages substantially lower today than in 2000. Since 2000, the real (inflation-adjusted) wages of young high school graduates have dropped 10.8 percent, and those of young college graduates have dropped 7.7 percent.
  • The erosion of job quality for young graduates is also evident in their declining likelihood of receiving employer-provided health insurance or pensions.
  • Graduating in a bad economy has long-lasting economic consequences. For the next 10 to 15 years, those in the Class of 2014 will likely earn less than if they had graduated when job opportunities were plentiful.”

Read more:

http://www.epi.org/publication/class-of-2014/

 From Market Watch February 18, 2015.

“High student debt equals fewer home buyers”

“Going to college usually leads to better jobs and better pay, but it’s also left many people dangerously in debt and unable to buy a house years after they leave school.

A pair of reports in the past two days illustrate the point. The percentage of student loans at least 90 days overdue rose to 11.3% from 11.1% in the final three months of 2014, the New York Federal Reserve said Tuesday.

While delinquencies have fallen from a record 11.8% in 2013, they are still almost twice as high as they were 10 years earlier.

Then on Wednesday the government reported that construction of new homes fell slightly to a 1.06 million annual pace in January. While sales have been rising gradually, they still aren’t increasing nearly as fast as expected almost six years into an recovery. And the percentage of buyers purchasing their first home is still unusually low.

In a fully functioning economy, housing starts should be running around 1.4 million to 1.8 million a year, analysts estimate.

Clearly the weight of student loans is too heavy for many young people to buy a single-family home. Many can’t qualify for a loan in an era of tougher lending standards or afford the monthly cost of a mortgage.”

Read more:

http://www.marketwatch.com/story/high-student-debt-equals-fewer-home-buyers-2015-02-18

Janet Yellen, which part of the millennial reality do you not understand???

 

 

 

 

 

 

14 Signs That Most Americans Are Flat Broke, Millions out of work or working part time jobs, 30.3 percent of millenials live with family members, 75 percent of Obama jobs went to Hispanics and Latinos, Record numbers get government assistance

14 Signs That Most Americans Are Flat Broke, Millions out of work or working part time jobs, 30.3 percent of millenials live with family members, 75 percent of Obama jobs went to Hispanics and Latinos, Record numbers get government assistance

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

I was preparing another article about the testimony of Janet Yellen when I ran across a hard hitting article from Zero Hedge.

She is clueless and/or being controlled.

She apparently doesn’t understand the plight of millenials.

Or the average American.

Am I the only one reporting that 75 percent of the Obama jobs added went to Hispanics/Latinos?

This comes straight from the US Labor Department data.

How about telling Rush Limbaugh, Sean Hannity.

We all know how bad the economy is.

We or people we know are getting clobbered and we are tired of being told about the recovery.

From Zero Hedge February 24, 2015.

“14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis”

“The following are 14 signs that most Americans are flat broke and totally unprepared for the coming economic crisis…

#1 According to a survey that was just released, 24 percent of all Americans have more credit card debt than emergency savings.

#2 That same survey discovered that an additional 13 percent of all Americans do not have any credit card debt, but they do not have a single penny of emergency savings either.

#3 At this point, approximately 62 percent of all Americans are living paycheck to paycheck.

#4 Adults under the age of 35 in the United States currently have a savings rate of negative 2 percent.

#5 More than half of all students in U.S. public schools come from families that are poor enough to qualify for school lunch subsidies.

#6 A study that was conducted last year found that more than one out of every three adults in the United States has an unpaid debt that is “in collections“.

#7 One survey discovered that 52 percent of all Americans really cannot even financially afford the homes that they are living in right now.

#8 According to research conducted by Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business, 40 percent of Americans could not come up with $2000 right now without borrowing it.

#9 That same study found that 60 percent of Americans could not say yes to the following question…

“Do you have 3 months emergency funds to cover expenses in case of sickness, job loss, economic downturn?”

#10 A different study discovered that less than one out of every four Americans has enough money stored away to cover six months of expenses.

#11 Today, the average American household is carrying a grand total of 203,163 dollars of debt.

#12 It is estimated that less than 10 percent of the entire U.S. population owns any gold or silver for investment purposes.

#13 48 percent of all Americans do not have any emergency supplies in their homes whatsoever.

#14 53 percent of all Americans do not even have a minimum three day supply of nonperishable food and water in their homes.”

Read more:

http://www.zerohedge.com/news/2015-02-24/14-signs-most-americans-are-flat-broke-and-totally-unprepared-coming-economic-crisis

Janet Yellen February 24, 2015 semi annual monetary policy testimony, Humphrey-Hawkins, Yellen speaking to Hispanics?, Labor market improved further second half last year and early 2015?, For Whom?, Yellen correct about part time jobs

Janet Yellen February 24, 2015 semi annual monetary policy testimony, Humphrey-Hawkins, Yellen speaking to Hispanics?, Labor market improved further second half last year and early 2015?, For Whom?, Yellen correct about part time jobs

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000, 75 percent, were Hispanic/Latino!”…Citizen Wells

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

Janet Yellen, as I write this, is giving her semi annual monetary policy, Humphrey-Hawkins, testimony.

Is she on drugs?

Or is she addressing primarily Hispanics?

From the transcript.

“The labor market improved further during the
second half of last year and into early 2015,
and labor market conditions moved closer to
those the Federal Open Market Committee
(FOMC) judges consistent with its maximum
employment mandate. Since the middle of last
year, monthly payrolls have expanded by about
280,000, on average, and the unemployment
rate has declined nearly ½ percentage point
on net. Nevertheless, a range of labor market
indicators suggest that there is still room for
improvement. In particular, at 5.7 percent, the
unemployment rate is still above most FOMC
participants’ estimates of its longer-run
normal level, the labor force participation rate
remains below most assessments of its trend,
an unusually large number of people continue
to work part time when they would prefer
full-time employment, and wage growth has
continued to be slow.”

http://www.federalreserve.gov/monetarypolicy/files/20150224_mprfullreport.pdf

Reported at Citizen Wells February 24, 2015.

“There are numerous variations of the AP January 2015 jobs report from around February 7, 2015.

The Greensboro News Record regurgitated their own version in print. I could not find an online version so the print edition is provided in full below.

The News Record has been diligent in fact checking the employment data and record of the NC Republicans in power but when it comes to Obama and the national economy, anything goes.

I am disappointed that instead of fact checking the AP article and presenting the truth, they regurgitated it.”

“First lie/inaccuracy: There were 3 million not 3.2 million more people working since last January.

Error of omission: Over 1.3 million of those gains in employment in the last year went to Hispanic/Latinos.”

“Of the approx. 6 million new employments since Obama took office in January 2009, 4,511,000 were Hispanic/Latino!

We have barely, if at all,  recovered all of the jobs lost during the recession and 75% of the job growth went to Hispanic/Latinos!!

The large numbers of young people entering the labor force are the reason that the percent of population working has dropped under Obama. I will examine this more in detail and report soon.

Approx. 9 million people net have entered the population counted by the BLS for employment population since Obama took office. That is the people turning 16 years old subtracted by deaths. That is the reason for the increase in those not in the labor force, not baby boomers as some would have you believe.

There was an increase of over 12 million not in the labor force since Obama took office.”

““The labor market was about the last thing to recover from the Great Recession, and in the last six months it has picked up steam,”
There were approx. 1.8 more people employed in the last 6 months. 50 percent of those, approx. 900,000, were Hispanic/Latino.”

https://citizenwells.wordpress.com/2015/02/22/ap-january-jobs-economy-report-lies-inaccuracies-misleading-statements-greensboro-news-record-regurgitates-sloppy-reporting-bias-or-orwellian-lies/

If you are Hispanic, especially an illegal alien, you are doing well in this Obama economy.