69,000 private sector, non-farm jobs were added to the US economy in May, far below the 150,000 expected, which was a weak number in itself considering new weekly jobless claims have been rising exponentially as every previous week’s report is revised up. Also today we find out that April’s number for new jobs created is being revised down by 102,000 from 179,000 to 77,000. So how could these bean counters have been so wrong about this number? It is called juggling your books.
Here at From the Trenches we have been saying all along that this recovery is a fraud, just like the one last year and the year before. Our economy has a cycle. In the Fall we have a harvest which puts people to work and brings in the year’s revenue for our crops. The harvest is followed by the Christmas shopping season wherein our people go out and spend billions of dollars they do not have and go further into debt.
The elitist economists know about the economic cycles and they have been using them to perpetuate this fraudulent assertion of these recoveries. Hell, they have done the exact same thing for the last three years. When the time finally rolls around to balance the books they act surprised, looking at one another, shaking their heads and pretending like they do not know what just happened.
So what does all this accomplish? Simple. Another year of the status quo. Another year of record profits for the international elite being derived from our stolen natural raw resources. Another year of moving jobs and industry out of the US. Another year of treachery.
The stock market is headed back down towards 11,000 points. The so called experts are admitting that in reality zero jobs have been created in the last year; in fact there has been an ongoing net loss. There are now 100 million unemployed in the United States and the fraudulent 8.1% unemployment rate number has been revised up, only one tenth of one percent. If all the unemployed were being honestly counted our unemployment rate would be around 40% by now.
And you know what? Things are going to get worse. And you know what else? The unemployment rate is not going to reflect the worsening of the condition. Why? Because starting this month the maximum amount of weeks allowed on unemployment drops from 99 to 70 weeks. Now, instead of being re-categorized as dropping out of the labor force when your unemployment ends at 99 weeks, millions will be dropped at 70 weeks, and progressively in August that number will drop to 60 weeks.
This is just another attempt to fudge the numbers up to the 2012 general election. This is a con, and not even a very good one, in fact it is pathetic.
God bless the Republic, death to the international corporate mafia, we shall prevail.