- Politics and Social Issues
92,269,000 Is A Huge Number
The Magic Isn't In The Numbers Here
Yes, my fellow American citizens, 92,269,000 is a huge number but not compared to our national debt which is a totally different subject. The 92 million plus number is what the Bureau of Labor Statistics (BLS) just released with the latest abysmal unemployment report as the nation's Labor Force Participation Rate (LFPR). You may, or may not, have educated yourself yet about the subject but need to know that it is a significant number, especially if you are one of the 92 million plus that fall into that category of the economic cycle we've been in for quite some time.,
So suddenly the economy added maybe half of the needed jobs to even keep your head above water statistically and the unemployment rate falls to 6.1 percent? That's what I call smoke and mirrors friends and neighbors and the Obama administration are masters at it in all areas, not just economics. The real deal is that the actual unemployment rate is sitting at around 12 percent but they don't tell you about reality. That's hush-hush stuff there but it's still there.
Please Fasten Your Seat Belts and Read On
You probably need to stop reading if you're a sheeple and like to continue to deny reality. Better yet maybe you need to keep reading? So back this labor participation rate thingy and what the Lame Stream Media conveniently keeps ignoring so as not to alarm you with reality.
The LFPR represents the number of Americans, not illegal aliens, 16 years and older who are not participating in the labor force. They are NOT counted into the equation when determining the unemployment rate that Obama wants you to see ass the rosy picture. In August of 2014 that number was 92, 269,000 potential workers. They have given up looking for work in most cases because the jobs aren't there. The population of the US of A was approximately 306,000,000 during the last census so I'll let you do the math as to the percentage.
The actual labor force participation rate actually hit a 36 year low of 62.8 percent. Maybe that will help you out with your math. Those are BLS numbers, not mine.
I'm wondering if they're still doling out the FREE coffee and donuts down there to those folks in those long lines?
The Line Starts At The Rear...
Let me share another little tidbit with you. The LFPR has been at the 62.8 percentage mark in six (6) of the last twelve (12) months. See how great the economy is doing and what a wonderful job Obama is doing as he is overwhelmed by all the other events around him. It's the economy Stupid! Prior to last October, almost a year ago, the LFPR had not fallen that low since 1978. Anyone remember 1978 and who was in office and what was going on? Did it happen to be another Progressive who bamboozled his way into the Whine House?
To understand the number further one must understand the term "civilian non-institutional population (CIP)." That's a mouthful but what that number represents is everybody 16 years of age and older who are not in the military plus those in an institution such as a prison, mental hospital or a nursing home. That percentage isn't counted in the LFPR.
Now here's where it gets a little tricky and most liberals I know go into a head spin when I hit them with this but lets go there anyway. Just last month, that would be August, the CIP was sitting at 248,229,000. Again that is a BLS number, not mine. Take that number and factor in 155,959,000 and "viola" you get 62.8 percent. That's the number of eligible workers who participated in the labor pool. How the BLS defines that participation is that you either had a job or had actively been seeking on during the previous four (4) weeks.
Thinking that through one can easily see how a bureaucrat can do the old smoke and mirrors routine for President Tap Dancer.
It shouldn't be any wonder that the majority of Americans think the country is on the wrong track. Nor should there be any wonder why Obama's poll numbers keep taking a nose dive. There is a general lack of trust coursing through the veins of the average American looking at reality and who are not buying into what Obama and his minions keep trying to spoon feed us.
Lets massage the numbers a little more while avoiding giving an intelligent person a headache. Remember the 92,269,000? That's the magic number that got lost in the shuffle of the BLS smoke and mirrors routine who 1) did not have a job and 2) failed to actively seek on during the past four (4) weeks. For some strange reason they just aren't counted as being unemployed.
To finish my hat trick I take the 155,959,000 who did bother to participate in the work force and of that number 146,368,000 were gainfully employed and 9,591,000 weren't working but were actively seeking work. In other words the 9,591,000 people are considered unemployed and we just shove the 92,269,000 people to the side and don't count them as not working. Therein lies the 6.1 percent unemployment rate that got reported.
Have I thoroughly confused you yet? The reason the rate went down is primarily due to the 92,269,000 number growing. Great for smoke and mirrors but not for those people in that situation.
QUOTE OF THE DAY: "Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of crap by the clean end."
I took editorial license and substituted one word for another in the quote. I also apologize for doing the math at times for the mathematically challenged among us.
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The Frog Prince