Confused? Let me explain...
We as the American People are falling victim to these "Potemkin Villages" each and every day. Just take the most recent jobs report for example; What we see according to the Government is that 165,000.00 jobs were added in March of this year.
Here are the "highpoints" of the press release;
Theunemployment rate since January. The number of unemployed persons, at 11.7 million, was also little changed over themonth; however, unemployment has decreased by 673,000 since January. (See table A-1.)
Totalnon-farm payroll employment increased by 165,000. Professional and business services
added 73,000 jobs in April and has added 587,000 jobs over the past year. In April, employment rose in temporary help services (+31,000), professional and technicalservices (+23,000), and management of companies (+7,000).
Health care added 19,000 jobs in April. Within the industry, employment rose in ambulatory health care services (+14,000). Over the prior 12 months, job growth in health care averaged 24,000 per month.
In April, employment also continued its upward trend in social assistance (+7,000).
Employment changed little over the month in construction, with small offsetting movements in the
residential and nonresidential components. Construction gained an average of 27,000 jobs per month over the prior 6 months. Manufacturing employment was unchanged in April.
See that last part, "Manufacturing employment was unchanged in April".
That's bad because we aren't increasing what we are making. We aren't adding any more value to our country. Our GDP to debt ratio is 105% and growing rapidly. We are not adding any assets to our balance sheet!
Sure, professional jobs went up, so more admins and computer guys got jobs. Maybe a few more managers got hired, but for the most part, the solid middle class production job was not created.
When you have a country that is filled with very high end jobs and extremely low paying jobs like service jobs, you will never have a middle class that will grow and create a tax base you can earn from. People who work in manufacturing have disposable income!
Without disposable income... money does not flow through an economy.
So... A question for you, with all that data you just read, did you spot the "Potemkin Village" in the jobs report?
It was the unemployment rate!
You see, the unemployment rate is one of the biggest lies in America. It isn't 7.5 percent, or 8.5% or even 10% . The "Potemkin rate" of 7.5% is just laughable.
I will prove it to you;
According to Bureau of Labor and Statistics, 9.5 million people have left workforce under the Obama administration. The link I provided gives you access to the BLS records and you can customize the reporting as you like... I used the option of "out of workforce" and the Obama administration time frame to generate my results.
Now... it is a matter of simple math; Divide 9.5 Million by the population of the United States and you get 28.2 percent.
Yes... 28.2% of working age adults are out of the work force. Now you can't look at that number and tell me that we are in a recovery. More people are out of work now than ever before! This is just one of the Governments "Potemkin Villages" they are using to tell us that "all is well... don't worry, trust us, you'll be OK!"
The average workweek for all employees on private nonfarm payrolls decreased by 0.2 hour in April to 34.4 hours. Within manufacturing, the workweek decreased by 0.1 hour to 40.7 hours, and overtime declined by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)This is a problem. If we look at the "employed" figure of 143,724,000 people a drop of 0.2 hours is a full-time-equivalent decrease of 1/2%. Applied to the employed population this amounts to an imputed economic decrease of 718,620 jobs!
People, you need to wake up!
It isn't getting better out there!
Sure there may still be some pockets of the country that are doing "ok"... but when you look at numbers like this; it doesn't bode well for us. We know that the "QE" process is just getting worse and money is being printed at a rate of 85 billion dollars a month, and frankly it won't work in the long run.
You need to continue to prepare yourself accordingly... "The Event" is coming at us faster than we know.
Until next time...