Recovery? Yeah, Whatever…

From Mish’s Global Economic Trend Analysis:

The surge in employment fueled by part-time jobs and the Obamacare effect may finally be over. Although the establishment survey showed a gain of 88,000 jobs, the household survey, off which the unemployment rate is based, showed a loss of 206,000 jobs.

The unemployment rate edged lower by .1% because a whopping 496,000 people dropped out of the labor force.

Last month, voluntary part-time employment rose by a reported 446,000. It’s plain to see that last month’s numbers were a statistical aberration. This was a miserable jobs report from every angle….

Keep that clearly in mind – the unemployment rate dropped to 7.6% in a month when the source for the 7.6% figure showed a loss of 206,000 jobs.  The only reason it dropped – rather than shooting up – is because nearly half a million people dropped out of the labor force.  The labor force participation rate is now back to 1970’s levels.

This, my friends, is a dying economy.  Dying more slowly here than in Europe because parts of the country are still rationally governed (places like Texas and Florida, for instance), but still dying because of a sea of debt and fake money.Europe, too, was kept afloat for a while by France and Germany…how long can Texas and Florida make up for California and New York?

UPDATE:  Given that two more Democrat Senators have “evolved” (between November and April, astoundingly!) on gay marriage, Kruiser is dead on:

Gay marry the jobs report, that’s Plan B today.

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46 thoughts on “Recovery? Yeah, Whatever…

  1. GMB April 5, 2013 / 12:26 pm

    How long? Until they decide it is no longer worth staying in the Union. That point nin time maybe closer than anyone could imagine.

    • neocon01 April 5, 2013 / 12:28 pm

      GMB

      Im up for it now!!

      • GMB April 5, 2013 / 1:25 pm

        “Im up for it now!!” Me too. And millions of other hard working Americans. I don’t see it as a new civil war. The Civil War was about two diametrically opposed economic systems. What used to be in the north is now in the south and vice versa.

        I see it as citizens uniting against a system of government that now has a long list of abuses against our founding documents.

        We have 52 million plus examples of not having any right to life. Liberty is gone now that barky can order a drone strike on anyone he pleases. You can pursue your happiness as long as taxes are paid in full.

        When the Three Percenters are called again will you answer?

      • neocon01 April 5, 2013 / 1:50 pm

        annnnnd soooo it starts grashoppah!!

        Arizona is sovereign land, House tells US and UN
        Friday, April 05, 2013 1:39:25 PM
        If the federal government wants to lock up U.S. citizens without trial it should not count on Arizona to cooperate,

        the state House announced Thursday. Lawmakers also voted to have the United Nations butt out of trying to affect Arizona laws and policies. And the House agreed to have the state take the first steps to recognize privately minted gold and silver coins as legal tender in anticipation of the collapse of the dollar. Underlying all these actions is the argument that Arizona is a sovereign state, and the votes stake out a position to defend that sovereignty….

    • 01canadianobserver April 6, 2013 / 8:29 am

      What do you mean when you say, ‘not staying in the Union’, GMB? Will you be an independent country of individual states, each with its own constitution, law enforcement, educational system, infrastructure, military, etc., etc., or will there be a central government in place that will be responsible for all that? Will you have your own elected leader/leaders representing your interests on the international stage? Will you liaison with those folks who voted to stay in the Union?

      I am not being facetious with these questions as I am seriously interested in how this new nation south of our border would operate. Some posters here would start hurling insults at me and tell me to keep my nose out of your affairs but I think you are more intelligent than that, GMB, and realize that whatever happens within your borders will, indeed, have an impact on the rest of the world. So, I am hoping that you will give serious answers to the few questions I have put forth. Thank you.

      • neocon01 April 6, 2013 / 12:52 pm

        kanuckstooge

        Will you be an independent country of individual states, each with its own constitution, law enforcement, educational system, infrastructure, military, etc., etc., or will there be a central government in place that will be responsible for all that? Will you have your own elected leader/leaders representing your interests on the international stage? Will you liaison with those folks who voted to stay in the Union?

        We are ALREADY ALL the above…..

      • neocon01 April 6, 2013 / 12:53 pm

        kanuck stooge

        do just a bit of STUDYING BEFORE you open yer pie hole.

      • 01canadianobserver April 6, 2013 / 1:44 pm

        neocon01
        April 6, 2013 at 12:52 pm #

        We are ALREADY ALL the above…..

        ——————————————————————————-

        Fantastic! Then, what’s your problem?

      • neocon01 April 7, 2013 / 9:10 am

        kanuck

        our problem?

        you appear incapable of understanding.

  2. neocon01 April 5, 2013 / 12:28 pm

    15% real unemployment,
    War threats from NK
    war threats from iran
    economy in a shambles,
    TRILLIONS and TRILLIONS and TRILLIONS in MORE debt,
    middle east on fire, the biggest ANTI CONSTITUTIONAL VIOLATIONS rammed through by an illegal regime,by passing congress, homosexual agenda out of control, diminished military, …OUTRIGHT .WAR on US CITIZENS …….haaaaaaapy days are heeeeere again!!!!!!! la la la la

    • M. Noonan April 5, 2013 / 1:00 pm

      Just wait for Worst to come out, Neocon – seriously, no one fully realizes just how bad it is…but we do, ’cause we’ve almost finished writing the book on it.

      • neocon01 April 5, 2013 / 1:15 pm

        Mark
        Here We Go Again: White House Asks Banks To Make Loans To Borrowers With ‘Weaker Credit’

        Not a parody.

        we’ve almost finished writing the book on it.

        let us know I want to buy one ….autographed of course 🙂

      • Count d'Haricots (@Count_dHaricots) April 5, 2013 / 1:16 pm

        Mark,

        I’m curious, do you Fear the Fall? Or do you believe that a mass meltdown of the West’s Economic model will begin a resurgence of market-driven fiscally conservative economies?

        As I’ve stated before, I believe no one was ever starved into Capitalism, if there is to be a coming Armageddon it will bring with it more socialism, more government top-down economic direction, and more misery, poverty and less freedom.

        From the ruins of the socialist nirvana, a slow but steady demand for small freedoms results in a vision that becomes small realities. Until, at last the final shackles are thrown off. this is years in the future … many many years if the fall does happen.

        The march to Capitalism is evolutionary not revolutionary.

        I’ll be retired on a beach in the South Pacific thinking kind thoughts for you all by then.

      • neocon01 April 5, 2013 / 1:18 pm

        I’ll be retired on a beach in the South Pacific thinking kind thoughts for you all by then.

        motesah?

      • GMB April 5, 2013 / 1:28 pm

        Lolzer and a shovel ready one at that.

      • neocon01 April 5, 2013 / 2:40 pm

        count you have mail…. 🙂

      • neocon01 April 5, 2013 / 3:20 pm

        Mark

        ’cause we’ve almost finished writing the book on it.

        let us know when it comes out I’ll buy one…autographed of course… 🙂

      • M. Noonan April 5, 2013 / 4:10 pm

        Count,

        I believe we can still fix things as long as we understand by “fix” that revolution is required. Revolution, if it means anything worthwhile, means restoration. We have to restore the intellectual prospect put forward in 1776-1787, refurbished by Jackson in the 1830’s and which had its last stand in America under Coolidge in the 20’s. I’m reading a biography of Andrew Jackson and am about half through volume 2…and its clear that what elevated him to the White House was a fear among the people that a rich Ruling Class was taking away the liberties won during the Revolution in order that the Ruling Class could enrich itself. That is pretty much what is playing out – and the TEA Party is massively Jacksonian (and the Jacksonians were also heavily tinged by a libertarian ideal, as well). What we’re lacking, so far, is a person of national stature like Jackson to put together the anti-Ruling Class coalition…the coalition which will route the banksters and bureaucrats. We’ll see if one emerges – if one does, we can put the American humpty-dumpty back together again…if not, then this nation – indeed, all of western civilization – will die, and die rather rapidly…by 2100, what we have will be a memory and the Christian remnant will be starting to build a whole, new civilization.

      • M. Noonan April 5, 2013 / 4:12 pm

        Neocon,

        Hard to autograph an e book, so you’d have to pony up for the more expensive “dead tree” version…but, if you do, I’ll see to it that Matt and I autograph it.

  3. J. R. Babcock (@JRBabcock) April 5, 2013 / 2:34 pm

    Sorry neo, i don’t know that word.

    I believe it’s what Bill Clinton said Obama would have been saying not all that long ago.

    • neocon01 April 5, 2013 / 2:40 pm

      JR

      DOING not saying LOL

    • neocon01 April 5, 2013 / 2:41 pm

      monbak?

      • neocon01 April 5, 2013 / 2:49 pm

        OT

        can you say CHA CHING? $$$$

        race pimp and deadbeat “parents” cash in on thugs killing.

        Trayvon Martin’s parents settle wrongful death claim (One Million Dollars?)
        Orlando Sentinel ^ | 04/05/2013 | By Rene Stutzman

        Posted on Friday, April 05, 2013 1:03:45 PM by Responsibility2nd
        Edited on Friday, April 05, 2013 1:16:00 PM by Admin Moderator. [history]

        SANFORD – Trayvon Martin’s parents have settled a wrongful death claim for an amount believed to be more than $1 million against the homeowners association of the Sanford subdivision where their teenage son was killed.

        Their attorney, Benjamin Crump, filed that paperwork at the Seminole County Courthouse, a portion of which was made public today.

      • neocon01 April 5, 2013 / 4:47 pm

        bingo

    • neocon01 April 5, 2013 / 3:25 pm

      jr

      OR saying..(.thats right) ROTFLMAO!!!!

  4. Cluster April 5, 2013 / 4:32 pm

    90,000,000 people out of the labor force. Meaning nearly 30% of population has just stopped looking for work. That means that 53% of the just over 60% of population that is working is actually paying income taxes and carrying the cost of this country, in an economy that is growing at .1%

    There is no other way to spin it, other than Obama is an abject failure.

    • neocon01 April 5, 2013 / 4:48 pm

      I just sent the IRS over 8K in taxes

    • Retired Spook April 6, 2013 / 8:07 am

      90,000,000 people out of the labor force.

      Now obviously some of those people have retired, but don’t you kinda wonder how many of that 90 million are completely dependent on government for their survival?

      Anyone else here occasionally surf other blogs, both Liberal and Conservative? The number of commenters who are positive about the future is decreasing by the day, even on Leftist sites. You’re still not seeing a lot of outright condemnation of Obama on the Leftist sites, but you’re no longer seeing a lot of praise and admiration either. And the “it’s all Bush’s fault” meme seems to be on the wane as well. I think an awful lot of people are beginning to realize just what horrible shape we’re in, and that it’s not only not getting better, it’s getting worse. On the flip side, young indoctrinated skulls of mush coming out of college and unable to find anything more than a minimum wage job have to be questioning much of their educational indoctrination, and that could ultimately be a good thing.

      BTW, the linked HufPo post — almost 3,000 comments, and I’ll bet the vast majority of them are getting exactly what they voted for. Too bad, so sad.

      • Cluster April 6, 2013 / 9:00 am

        And yet if you lived in North Dakota, where common sense rules, unemployment is less than 3% and fast food jobs are paying upwards of $15/hr. Truckers are earning upwards of $80K/yr, BUT liberals would prefer to wallow in misery, blame republicans, and live off food stamps rather than contribute to the non existent global warming and extract our domestic oil reserves. They’re a fun group aren’t they?

      • neocon01 April 6, 2013 / 10:16 am

        Spook

        BTW, the linked HufPo post — almost 3,000 comments, and I’ll bet the vast majority of them are getting exactly what they voted for. Too bad, so sad.

        the real news is the trestle is out and the train is steaming full speed ahead, the libs on the train are laughing at all the fools on the side of the tracks wildly waving their arms. Toot Toot!!!
        motesah!!

      • Retired Spook April 6, 2013 / 10:24 am

        the real news is the trestle is out and the train is steaming full speed ahead, the libs on the train are laughing at all the fools on the side of the tracks wildly waving their arms.

        Neo, what Conservative in his right mind would be waving his arms trying to stop a trainload of Leftists from plunging into the abyss. Not I. And the ones on the train laughing will be laughing right up until they aren’t. I, for one, will not shed a single tear when Ms. Free-Obama-Phone and others like her come to the stark realization that there’s no one pulling their wagon any more.

      • M. Noonan April 6, 2013 / 11:20 am

        Spook,

        According to this chart, labor force participation by those 65 and over is right at record levels. Oldsters aren’t retiring…which depresses me because I thought I had “only” 18 and a half years left to go…now, 70 or 75 before quitting time?

      • M. Noonan April 6, 2013 / 11:24 am

        Cluster,

        You said it, brother. By nature, the United States remains the richest nation in the world…sure, a nation like Russia has, technically, more natural wealth than us (being much, much larger in land area), but for a lot of other, large nations in the world, their natural wealth is in difficult and/or isolated terrain…ours it just sitting there, mostly where we can easily get at it. People, fooled by environmentalists, got the idea that the United States has been tapped out…but that isn’t it, at all; taxes and regulations have made exploiting American wealth too costly. If we just reform, we’ll have booms in mining and agriculture and then follow on booms in energy production and manufacturing. All we have to do to return to 1950’s style American global economic dominance is to want to do it.

      • Retired Spook April 6, 2013 / 12:34 pm

        Oldsters aren’t retiring

        I’m 68 and still working, although this will hopefully be the last year.

      • neocon01 April 6, 2013 / 12:55 pm

        Mark

        67 here “retired” working 40-50 hrs a week….ahhh the good life….LOL!

      • M. Noonan April 6, 2013 / 1:02 pm

        Got a friend who is taking the bar at 62…and not the good kind which comes with peanuts on the side.

  5. Doug Quinby April 6, 2013 / 2:34 am

    Labor participation rate back to 1970s level……..why, that means more and more families with stay at home mom’s or dad’s.

    • Cluster April 6, 2013 / 8:55 am

      And more time to take walks in the park, read books at the library, and enjoy a little down time. There are many silver linings to liberalism. Lets just hope the food stamps are on time.

    • neocon01 April 6, 2013 / 10:12 am

      d quigly

      or more time to to stay home and make lots more welfare rats….aint OPM grand?

  6. Liberty At'Stake April 6, 2013 / 5:37 pm

    “How long?”

    Let’s just hope the answer is >= 1385 days … the number of days the republic will need to muddle along with the Empty Suit Known as Barack Hussein Obama in office.

    • neocon01 April 7, 2013 / 12:38 pm

      1385 days

      UGH!!

    • Jeremiah April 8, 2013 / 3:10 am

      1385 DAYS????!?

      Please tell me this isn’t true, please, I beg of you, Spirit, have mercy on this country!!

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