Celente: Trends In The News
The Unemployment Con
The mainstream media is absolutely giddy that the U.S. unemployment rate has hit a “four-year low” of 7.7 percent. But is unemployment in the United States actually going down? After all, you would think that it should be. The Obama administration has “borrowed” more than 6 trillion dollars from future generations of Americans, interest rates have been pushed to all-time lows, and the Federal Reserve has been wildly printing more money in a desperate attempt to “stimulate” the economy. So have those efforts been successful?
Is It Time To Pack Your Bags America?
Would you renounce your U.S. citizenship if it meant you’d be sending less of your hard-earned dollars to Uncle Sam? Do you want affordable health care? Do you desire to live a long and healthy life? Do you want your children to have an affordable college education? Do you want to retire in relative comfort? Do you desire live your life in relative freedom and not have to worry government harassment?
If you answered in the affirmative to most of these questions, it might be time to start packing your bags and looking for greener pastures…
http://www.activistpost.com/2013/02/is-it-time-to-pack-your-bags-america.html#more
Greenshoot…NOT!
New applications for U.S. unemployment benefits rose by 4,000 to a seasonally adjusted 371,000 in the week ended Jan. 5, the Labor Department said Thursday. That’s the highest rate in one month. Economists surveyed by MarketWatch expected claims to total 365,000. Initial claims from two weeks ago were revised down to 367,000 from an original reading of 372,000. The average of new claims over the past month, meanwhile, climbed by 6,750 to 365,750. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends. Also, Labor said continuing claims sank by 127,000 to a seasonally adjusted 3.1 million in the week ended Dec. 29. Continuing claims reflect the number of people already receiving benefits…
http://www.marketwatch.com/story/us-jobless-claims-rise-4000-to-371000-2013-01-10
Understanding Jobs Reports
On the first Friday of every month, the Bureau Of Labor Statistics (BLS) issues the Jobs Report. This report oftentimes is a predictor and influencer of future economic reports. For this and many other reasons, the rhetoric surrounding these reports is filled with political posturing. To cut through the hot air to the true picture, it’s important to understand what the Jobs Reports say… and don’t say…
http://fromthetrenchesworldreport.com/jobs-reports-to-be-taken-with-grain-of-salt/29524/
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