Documenting The Collapse

Another Fraudulent Jobs Report

The March payroll jobs report released April 4 claims 192,000 new private sector jobs. Here is what John Williams has to say about the claim:

The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers are neither consistent nor comparable with current headline reporting.  The upside revisions to the January and February monthly jobs gains, and the relatively strong March payroll showing, reflected nothing more than concealed, favorable shifts in underlying seasonal factors, hidden by the lack of consistent BLS reporting.  In like manner, consistent month-to-month changes in the unemployment rate or labor force simply are not knowable, because the BLS cloaks the consistent and comparable numbers.

Here is what Dave Kranzler has to say: “the employment report is probably the most deceptively fraudulent report produced by the Government.”

As I have pointed out for a decade, the “New Economy” jobs that we were promised in exchange for our manufacturing jobs and tradable professional service jobs that were offshored have never shown up. The transnational corporations and their hired shills among economists lied to us. Not even a jobs report as deceptive and fraudulent as the BLS payroll jobs report can hide the fact that Congress, the White House, and the American people have sat sucking their thumbs while corporations maximized profits for the one percent at the expense of everyone else in the United States.

Let’s look at where the alleged jobs are.

The BLS jobs report says that 28,400 jobs were created in March in wholesale and retail sales. March is the month that Macy’s, Sears, JC Penny, Staples, Radio Shack, Office Depot, and other retailers announced combined closings of several thousand stores, but more retail clerks were hired.

The BLS payroll jobs report claims 57,000 jobs in “professional and business services.” Are these jobs for lawyers, accountants, architects, engineers, and managers? No. The combined new jobs for these middle class professional skills totaled 10,400. Employment services accounted for 42,000 of the jobs in “professional and business services” of which temporary help accounted for 28,500.

“Education and health services” accounted for 34,000 jobs or which ambulatory and home health care services accounted for 28,000 of the jobs.

The other old standby, waitresses and bartenders, accounted for 30,400 jobs. The number of Americans dependent on food stamps who cannot afford to go out to eat or to purchase a six-pack of beer has almost doubled, but the demand for restaurant meals and bar drinks keeps rising.

There you have it. This is America’s “New Economy.” If the jobs exist at all, they consist of lowly paid, largely part-time employment that fails to produce enough income to prevent the food stamp rolls from doubling.

Without growth in consumer income, there is no growth in aggregate consumer demand. Offshoring jobs also offshores the income associated with the jobs, resulting in the decline in the domestic consumer market. The US transnational corporations, pursuing profits in the short-run, are destroying their long-run consumer base. The transnational corporations are also destroying the outlook for US universities, as it makes no sense to incur large student loan debt when job prospects are poor. The corporations are also destroying US leadership in innovation as US corporations increasingly become marketeers of foreign-made goods and services.

As I predicted in 2004, the US will have a third world work force in 20 years.

The unemployment figures are as deceptive as the employment figures…

http://www.activistpost.com/2014/04/another-fraudulent-jobs-report.html

 

9 Of 10 Top Occupations In The USA Pay Less Than $35K/Yr.

According to stunning new numbers just released by the federal government, nine of the top ten most commonly held jobs in the United States pay an average wage of less than $35,000 a year.  When you break that down, that means that most of these workers are making less than $3,000 a month before taxes.  And once you consider how we are being taxed into oblivion, things become even more frightening.  Can you pay a mortgage and support a family on just a couple grand a month?  Of course not.  In the old days, a single income would enable a family to live a very comfortable middle class lifestyle in most cases.  But now those days are long gone.  In 2014, both parents are expected to work, and in many cases both of them have to get multiple jobs just in order to break even at the end of the month.  The decline in the quality of our jobs is a huge reason for the implosion of the middle class in this country.  You can’t have a middle class without middle class jobs, and we have witnessed a multi-decade decline in middle class jobs in the United States.  As long as this trend continues, the middle class is going to continue to shrink.

The following is a list of the most commonly held jobs in America according to the federal government.  As you can see, 9 of the top 10 most commonly held occupations pay an average wage of less than $35,000 a year

  1. Retail salespersons, 4.48 million workers earning  $25,370
  2. Cashiers  3.34 million workers earning $20,420
  3. Food prep and serving staff, 3.02 million workers earning$18,880
  4. General office clerk, 2.83 million working earning $29,990
  5. Registered nurses, 2.66 million workers earning $68,910
  6. Waiters and waitresses, 2.40 million workers earning$20,880
  7. Customer service representatives, 2.39 million workers earning $33,370
  8. Laborers, and freight and material movers, 2.28 million workers earning $26,690
  9. Secretaries and admins (not legal or medical),  2.16 million workers earning $34,000
  10. Janitors and cleaners (not maids),  2.10 million workers earning, $25,140

Overall, an astounding 59 percent of all American workers bring home less than $35,000 a year in wages.

So if you are going to make more than $35,000 this year, you are solidly in the upper half.

But that doesn’t mean that you will always be there.

More Americans are falling out of the middle class with each passing day.

Just consider the case of a 47-year-old woman named Kristina Feldotte…

http://www.prisonplanet.com/9-of-the-top-10-occupations-in-america-pay-an-average-wage-of-less-than-35000-a-year.html

 

Stealing From the Young

If you’re an American around my age (I’m 28), a couple of things are becoming clear.

We’re one of the first generations since the Great Depression that is expected to live a lower quality of life than our parents. Significantly lower.
We all got suckered into paying $160,000 we didn’t have for a piece of paper that entitles us to apply for a bunch of entry level jobs that don’t even want us on account of our lack of experience.

Entry level receptionist or social media position. 3-5 years experience required.

The US job market is crazier than one of Jigsaw’s rusty machinations.

So now there’s a generation of us, walking around in a debt daze, unable to start families “on time” or leave the nest or invest in new businesses—or do any of the things that Americans in their late twenties and early thirties should be up to…

http://www.activistpost.com/2014/03/how-my-generation-is-getting-screwed.html

Celente: Global Wake-up Call