Thursday, March 27, 2014

The Only Meaningful Unemployment Number

Reports such as this tell us much more than the change in the US unemployment rate:

http://www.zerohedge.com/news/2014-03-27/initial-jobless-claims-drop-4-month-lows

The most meaningful "unemployment" number is always mentioned in such reports ... but its significance is ignored:

311,000 people lost their jobs in one week. And even more lost their jobs in each previous week.

In other words, every 3 to 4 weeks ANOTHER million people lose their jobs. And this has been going on for YEARS.

The significance of this? Most of the so-called US workforce has been forced out of jobs with benefits into lower paying jobs without benefits.

This represents perestroika at its finest, for the benefit of the ruling class.

My suggestion? Since Obama ad-Dajjal and his family live in public housing, put them on minimum wage and make them pay for their own vacations. Maybe then they'll understand why the American people need good jobs that last more than a few months.

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