posted on Nov, 23 2009 @ 01:08 PM
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of
work or under-employed.
According to the government's broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called
U-6 number is at the highest rate since becoming an official labor statistic in 1994.
Nothing we at ATS didn't already know, but the presence of some spin in the article concerned me. Notably:
Another factor that may be leading people onto the rolls of those no longer looking for jobs is the government's accommodative extensions of
"Workers are unemployed for a much longer span than we've seen historically," says David Resler, chief economist at Nomura Securities International
in New York. "Part of that may be affected by the longer availability of benefits. It reduces the incentives for an urgent job search."
Anybody else see this as being the opening salvo of the government ending the extended unemployment benefits program? We all know that the media is
used as a powerfull tool by the government, both to condition the population and to manipulate how ideas are recieved. Here we have exactly that.
The extended benefits program is being painted as a cause of high U-6 unemployment rather than the truth, which is the extended benefits program was
needed BECAUSE OF already high (and escalating) U-6 figures.
Also notice the dramatic shift in Washington. The topic of creating jobs has essentially become a hollow issue and isn't even a cornerstone of the
administration anymore. Naturally, the media is pushing the falacy of a "jobless recovery." Clearly we live in a country where the government will
judge recoveries purely on Wall Street numbers and the media will follow suit and do their part to make the average American buy into the lies as
well. How can we possibly be in an economic recovery when the true economy of the United States (the $$$ and buying power of the average American)
continues to be in shambles and continues to erode even further? Answer: WE CAN'T. One small piece of the jigsaw puzzle has been put together...
Wall Street is turning a profit. WHOOPEEE!!! The rest of the puzzle is unfinsihed and many of the pieces are missing, ensuring the puzzle can never
be truly finished.