When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America’s conversion to a part-time worker society is not “tapering”: according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were… not.
But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs “created” so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K of the 953K total. (zerohedge)
That’s Obamanomics for you. Lose 1 Full time job create 2 part-time jobs and you have a 50% increase in employment! 🙂
A record number of young adults are living with their parents.
A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.
Declining employment led more young adults to stay with their parents. Sixty-three percent of Millennials had jobs in 2012, down from 70 percent in 2007. (Breitbart)
We keep hearing the job market is “improving” or even “solid,” with 162,000 new positions created in July and unemployment falling to 7.4%, the lowest since 2008.
But one group is sitting it out. And it’s the one that most enthusiastically embraced Barack Obama in both of his presidential elections: America’s young.
Their unemployment rate is a shocking 16.1% (IBD)
And with ObamaCare you can stay on your parents Health dime until 26! Hurray! 🙂
So we need a bit of “racism”. 🙂
Black teen unemployment is a shocking 41.6%. In July last year, the unemployment was considerably lower, at 36%. That almost half of black teens who want to work can’t find jobs is a stain on Obama’s economic policies.
This isn’t a numbers trick. This isn’t a rate based on the whole black teen population in the country. This is the proportion of the black teen population that is looking for work but can’t find a job. Just in March, the number was eight points lower at 33%. The white teen unemployment rate is half the black rate, although still high at 20%.
That has to be racism, right? 🙂
In recent months, President Obama and national Democrats have increased calls to raise the minimum wage or impose “living wages” on certain companies in urban areas. Minimum wage jobs, however, are often “first jobs,” providing that critical first rung on the jobs’ ladder. Indeed, more than two-thirds of minimum wage employees receive a raise within the first year on the job.
You can’t get a raise, however, without first having a job. Our economic policies are abandoning a generation and threatening to create a permanent underclass. It is shameful. (breitbart)
But they’ll vote Democrat though. They’ll vote for welfare benefits and besides, the Race hustlers can use them as their army of hate. So what’s not to like about that? 🙂
And when the Republican give away the country with amnesty and 20+ more million poor, undereducated “race baited” illegal immigrants become Democrats we become a 3rd world socialist welfare toilet.
The future’s so bright….
Comment from breitbart.com
…but the modern moron is almost completely self-absorbed and can’t seem to understand any argument based on anything other than slogans, pictures, and statements based on pure emotion. In fact, any such use of reason is met with hostility and rage, because the moron recognizes that he’s completely ignorant and incapable of making an effective argument – so he shouts you down or resorts to threats/intimidation (charges of racism, misogyny, etc.). These morons are completely incapable of understanding reason, logic, or understanding abstractions like the principle of unintended consequences…or just about any other stage II thinking. We have been primed for almost limitless control of the mindless masses by those shrewd and craven enough to do it.
The Ministry of Truth is involved with news media, entertainment, the fine arts and educational books. Its purpose is to rewrite history and change the facts to fit Party doctrine for propaganda effect. For example, if Big Brother makes a prediction that turns out to be wrong, the employees of the Ministry of Truth go back and rewrite the prediction so that any prediction Big Brother previously made is accurate. This is the “how” of the Ministry of Truth’s existence. Within the novel Orwell elaborates that the deeper reason for its existence is to maintain the illusion that the Party is absolute. It cannot ever seem to change its mind for that would imply weakness and to maintain power the Party must seem eternally right and strong.
So remain vigilant. The Stupid will inherit the Earth (and expect YOU to pay for it)…