Another 522,000 left the labor force in April 2012. April’s Bogus Unemployment Rate * By: Larry Walker, Jr. * Now that economists, media pundits, and the Obama administration have weighed in with half-hearted and inaccurate theories respecting April’s decline in the U.S. unemployment rate, it’s time to set the record straight. We learned yesterday, … Continue reading Manipulation 401 : U-3 vs Real Unemployment
*“Mene, Mene, Tekel u-Pharsin” ~ Book of Daniel, Ch. 5 * * By: Larry Walker, Jr. * The writing’s on the wall! The massive decline of new entrants to the civilian labor force, which is shown graphically in the chart above, directly impacts the unemployment rate, making the employment situation appear far better than it … Continue reading Manipulation 201: Playing With Unemployment
* Fake it until you make it. * * By: Larry Walker, Jr. * The following passage is from my last post, “Labor Force Contraction with Obama – And other hidden truths” : “Most of the electorate understands that as the size of the labor force shrinks the unemployment rate declines. But is anyone really … Continue reading Manipulation 101: The Real Unemployment Rate
October Unemployment Manipulation – By: Larry Walker II – The big story out of the October household survey was the decline by 720,000 in the headline labor force, which largely reflected the loss of longer-term unemployed into the broader U-6 unemployment measure. In fact, since January 2009, the U.S. Labor Force has only grown by … Continue reading U.S. Labor Force Declines by 720K
Artificial Demand :: “Real demand is not artificial. We should resist as much as possible the notion of providing things that are not actually demanded by anyone.” ~ American Consensus – By: Larry Walker, Jr. – The price of any product or service is normally determined by two variables, supply and demand. In economics, prices … Continue reading High Gasoline Prices and the 2012 Recession, Part II
25 More Terms – By: Larry Walker, Jr. – Forget about four more years. Based on the USA’s current trajectory, it would take another 25 terms, or 98 years, for Barack Obama’s bizarre economic policies to restore the U.S. Labor Force to where it should be in the next four years, when compared to the … Continue reading Labor Force Stagnation Concealed by Obama
According to Barack Obama, “We’ve created 4.3 million new jobs over the last 27 months, over 800,000 just this year alone. The private sector is doing fine.” But what he failed to mention is what any American paying attention already knows, that we lost 5.0 million jobs during the first 14 months of his 41-month … Continue reading Obama Jobs Scorecard, Part 1 : The Private Sector
Repetitious Rhetoric vs. Genuine Policies * By: Larry Walker, Jr. * According to Barack Obama, “the President’s job is to make sure everyone has a fair shot.” But as I explained in Part I, the United States Constitution declares that a President’s real job is, “to the best of his/her Ability, to preserve, protect and … Continue reading Adventures in Politicking II : No Shot
* Inordinate Stimulus, Undue Debt and Global Warming Foolishness Caused the Recession * By: Larry Walker, Jr. * It is impossible to calculate the effect of deficit-financed government spending on demand without specifying how people expect the deficit to be paid off in the future. ~ The Theory of Rational Expectations Undue Debt Obama’s three-point … Continue reading The Malaise of 2012 | Part III
* Inordinate Stimulus, Undue Debt and Global Warming Foolishness Caused the Recession * By: Larry Walker, Jr. * Despite Obama’s optimism, the Economic Cycle Research Institute (ECRI), the same organization which successfully predicted the last recession, and which over the last 15 years has gotten all of its recession calls right while issuing no false … Continue reading The Malaise of 2012 | Part I
Black and Center 