Unemployment down to 5.9!

[EE_]

I'm starting to think maybe I should vote Democrat in the upcoming elections.
The Obama administration is building quite a legacy. Why mess with a winner?

5.9 unemployment, Americans working again
record high stock market
record high home prices in key areas
more millionaire and billionaire's created in last 5 years, then in history
record low interest/mortgage rates
very strong dollar, gold and silver threat cut off at the knees
oil price at 4 year low
Obama's US military are destroying indigenous brown (Israel's) enemies around the world
amnesty for all Mexican and South American immigrants for just illegally crossing US borders.
health care for everyone, even with pre-existing conditions
minimum wage raised so all and participate in the prosperity
more gay rights, gay marriage, gay's in the military, gay teaching in schools
more (backdoor) laws to restrict firearms, to keep us safe
Huge growth in police state surveillance and a militarized police, to keep us safe

Quite an accomplishment, to say the least! Better then Bush ever did.

[osoab]

http://headlessgiant.files.wordpress.com/2009/06/barack_obama_pointing_110508.jpg

[General of Darkness]

Actually it's a bullshit number.

While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!

And that's how you get a fresh cycle low in the unemployment rate.

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/participation%20rate%20sept%202014_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/participation%20rate%20sept%202014.jpg)

So the next time Obama asks you if you are "better off now than 6 years ago" show him this chart of employment to the overall population: it speaks louder than the president ever could.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/Employment%20to%20population%20ratio_1_0.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/Employment%20to%20population%20ratio_1.jpg)

[Twisted Titan]

Who said it.

There are lies, damm lies and there's statistics.

[gunDriller]

but what's important ?


Gosh Silver bounced off $16.75. wonder if it will make it back down.

for a few minutes there, you could buy silver for $17.50 an ounce.


as for the employment/unemployment figures

http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/09/participation%20rate%20sept%202014.jpg


the US $ is back to a level it hasn't seen since 2010.

the last time silver was at $17.

I wonder if there is a connection. will 2015 be like 2011 - i don't mean as a random question, i mean are there some solid similarities? -- besides the Obama-roid being in the sort of White house.

[Hatha Sunahara]

I think the numbers are a big lie. If I want statistics I go to http://www.shadowstats.com/. John Williams says that the real unemployment rate is close to 25%. I believe him.

Yesterday I drove from my house to the downtown business area, a round trip of about 5 miles. En route I passed by at least a dozen sites where there was some kind of construction activity on the street or sidewalk, at some places they had flaggers directing traffic because a lane was blocked off for the construction. This was just one trip in one direction. It doesn't matter which direction I go, it is hard not to notice how much road construction is going on. Either a road is being resurfaced, a sidewalk is being repaired or some improvement is being made. It appears that the city is spending a lot of money on this kind of activity. I don't have any idea how many people it employs, but it is visible activity, and at times annoying when I have to wait for flaggers to turn their stop sign around. My take on all this is that it is eyewash. The real economy is sinking slowly but sinking nevertheless..


Hatha

[Twisted Titan]

Its the tell tale sign of imminent demise.

What you wittnessing is the last of the big fish looting the public treasury.

There is no logical reason for captial improvements as there is no tax base as there is no employment base.

Those are kickback deals that set up by the cigar chomping bigshots who REALLY pulls the strings

[EE_]

Look at the platinum group metals dive...that must mean the Russian Ukraine crisis has been resolved. Thanks Obama!

For the folks that bought PM's at these prices or higher, sing along if you like.


http://www.youtube.com/watch?v=LCV0YXXyuHc

[EE_]

Its the tell tale sign of imminent demise.

What you wittnessing is the last of the big fish looting the public treasury.

There is no logical reason for captial improvements as there is no tax base as there is no employment base.

Those are kickback deals that set up by the cigar chomping bigshots who REALLY pulls the strings

See these guys...they are still around today. You just don't see them often.
http://2.bp.blogspot.com/-xKLseHmrrMU/TXpIFDxF4DI/AAAAAAAAG1s/CSl5UznwrEU/s400/robber_barons_2.jpg

[EE_]

Actually it's a bullshit number.

While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!



So the next time Obama asks you if you are "better off now than 6 years ago" show him this chart of employment to the overall population: it speaks louder than the president ever could.


What you're not taking into account, is the people not in the labor force are on the government dole now...they are good to go.
The rest of the work force is at, or near full employment, so the 5.9 number is actually good.
We don't have, or need as many employed people anymore in the US...the jobs are off-shored or automated...and they are not coming back.

So the next time Obama asks the upper class if you are "better off now than 6 years ago" show him this chart of all the wealthy people created: it speaks louder than the president ever needs to.

http://media.thinkadvisor.com/thinkadvisor/article/2014/03/13/Spectrem_Millionaires_Chart2_031314.jpg

Number of U.S. millionaires hits new high
By Emily Jane Fox @emilyjanefox March 14, 2014: 10:55 AM ET

millionaire households

http://media.thinkadvisor.com/thinkadvisor/article/2014/03/13/Spectrem_Millionaires_Chart1_031314.jpg

It looks like the rich have finally shaken off the recession

The number of U.S. households with a net worth of $1 million or more, excluding primary residence, rose to 9.63 million in 2013, according to a new report from Spectrem Group, a consulting and research firm.

That's more than a 600,000 leap up from 2012, and the highest number on record.

Related: The Super Rich are mad as hell - and doing great

This is the first year that the number has surpassed the pre-recession high of 9.2 million in 2007. Once the global financial meltdown hit and the bottom fell out of the market, the number tanked to 6.7 million in 2008.

"The last few years, we've seen the number continually increase, but this was the first year that we're finally beyond the economic crisis," said George Walper, Jr., president of Spectrem Group.

He said that the market reaching all-time highs last year, coupled with an improving real estate market, drove the rich to get even richer.

The ultra-wealthy weren't lagging behind. Walper said both the number of households with a net worth of $5 million and above and $25 million or more reached the highest numbers since Spectrem started tracking the figures.

There were 1.24 million households with a net worth of $5 million or more last year, up from 840,000 in 2008. Those with $25 million and above climbed to 132,000 in 2013, up from 84,000 in 2008.

"Because of their levels of wealth, they increased their exposure to equities during the downturn and were making investments in real estate when the market was at the bottom," he said. "That's why now they've benefited the most from the return in the economy."
http://money.cnn.com/2014/03/14/news/economy/us-millionaires-households/

[Horn]

http://www.shadowstats.com/imgs/sgs-emp.gif?hl=ad&t=1412342247

Is just an example that prudence pays off.


https://www.youtube.com/watch?v=rjrXzS2KSoo

[Horn]

http://quotes.ino.com/charting/intraday.gif?s=NYBOT_DX&t=f&w=15&a=2&v=w

Look, Is like a waterfall in reverse.


https://www.youtube.com/watch?v=MG3wasf2bIw&list=UUvOuQP-BTzZwQrAP7u8V84w

[mick silver]

like hell it is