Blame the US government itself on why an out of the box candidate like Trump is becoming more and more popular as the US Presidential election nears. It's the incompetence of the present administration's fault. If everything is going really well in the US, do you think the people would look to someone like Trump to lead the nation?
Trump will have an easy time campaigning for the presidency. All he needs to do is to criticize where the US government is going wrong and talk out of his ass on how to make it better, making bold promises.
Topic: US Hiring Grinds To A Near-Halt; Many Stop Looking For Work… (Read 538 times)
I am not surprised. Look at the currency exchange rates. During the past 2-3 years, the United States Dollar has appreciated as much as 30% to 40% against the other major world currencies (such as the UKP and the EUR). This has allowed countries such as China to dump their cheap third-rate products into the US. The American manufacturers are suffering from the strong USD.
Wanna look for refugee and work status in europe? 
Dismal Jobs Report Blamed On Weather, Trump And More…
[...]
Zandi expects monthly job growth to average 175,000 the rest of 2016. Hoffman forecasts average gains of 150,000.
Yet economists also point to a hodgepodge of temporary forces that resulted in payroll advances of just 123,000 in April and 38,000 in May. Among them:
►The Verizon strike. The now-settled walkout idled 35,000 employees last month.
►Funky weather. High winter temperatures led employers to hire more workers early this year, especially in construction, retail and hotels, Zandi says. So they needed to hire less in April and May. The pullback looked worse than it was after Labor made seasonal adjustments based on strong job growth in the spring of previous years.
►Market turbulence. Financial markets have bounced back after stocks sold off and corporate borrowing costs spiked in January and February, but it takes time for firms to respond by reining in hiring and investment, Zandi says. Some big banks have brought on fewer workers because the market plunge doused mergers and initial public offerings, says Jeanne Branthover, a partner in executive recruiting firm DHR International. “If they don’t have as many deals, they don’t need as many people,” she says.
►Political uncertainty. Many businesses grow hesitant to hire because of the uncertainty generated by a presidential election. But Trump, the presumptive Republican nominee, has intensified the paralysis, says Bernard Baumohl, chief global economist of The Economic Outlook Group. Trump has called for imposing tariffs on China and lowering taxes, fomenting CEO fears of trade wars and bigger budget deficits, Baumohl says.
Branthover says some financial service firms are conserving their 2016 hiring budgets and plan to add workers at year-end after the election clarifies the landscape.
►Weak economy. The labor market may finally be feeling the impact of a weak economy the past two quarters, says economist Scott Anderson of Bank of the West. And, he says, services firms may finally be hit by ripples of the manufacturing downturn.
The good news: The economy is expected to rebound in the current quarter.
http://www.wltx.com/news/nation-now/dismal-jobs-report-blamed-on-weather-trump-and-more/231839498
So why work for a billionaire? And no matter what job you have, you are indeed working for a billionaire.
The end of the money system is near.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
FEMA camps. At last!
https://www.freedomsphoenix.com/Magazine/112531-2012-05-29-freedom-loving-americans-headed-to-fema-camps.htm
http://www.freedomsphoenix.com/News/197360-2016-05-21-obamacare-psychiatrists-to-put-potential-dissidents-into-fema-camps.htm
http://www.freedomsphoenix.com/News/194356-2016-04-04-the-number-one-reason-americans-will-be-sent-to-fema.htm
https://www.freedomsphoenix.com/News/113845-2012-06-23-comprehensive-list-of-fema-camps.htm
Or search on "FEMA" at http://thecommonsenseshow.com/.
The end of the money system is near.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
FEMA camps. At last!
https://www.freedomsphoenix.com/Magazine/112531-2012-05-29-freedom-loving-americans-headed-to-fema-camps.htm
http://www.freedomsphoenix.com/News/197360-2016-05-21-obamacare-psychiatrists-to-put-potential-dissidents-into-fema-camps.htm
http://www.freedomsphoenix.com/News/194356-2016-04-04-the-number-one-reason-americans-will-be-sent-to-fema.htm
https://www.freedomsphoenix.com/News/113845-2012-06-23-comprehensive-list-of-fema-camps.htm
Or search on "FEMA" at http://thecommonsenseshow.com/.
The end of the money system is near.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
FEMA camps. At last!
The end of the money system is near.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
The only place the government gets money is through loans from the Federal Reserve Bank.
The $amounts of the loans is based on the ability to repay, which is based on income taxes collected.
No jobs means less income, means less taxes collected, means the government can't borrow as much.
If government has less money (remember, they have to make interest payments to the FED to keep from defaulting on their many loans that they have right now), where are they going to cut spending? Welfare? Military? Federal grants?
If they cut welfare, they will lose the country. FEMA camps are already being used. Civil/revolutionary war.
If they cut the military, they will lose the world.
Time for people to unite in co-ops like they did in the Great Depression.
You have a employment insurance that people collect once fired or they are ass out most of the time?
That is what I am driving at,want to know if there is a break gap before they vanish off the numbers.
Thought the way we did it was slightly different in Canada.
Of course you have to strive for full employment, but hovering around the 5% mark is a great success and as long as it's sustained then the US is in a good position. It's easy to say "they have slowed down" but it's more like operating close to maximum capacity - it gets increasingly harder to do better.
U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
While unemployment slid from 5 percent to 4.7 percent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
Employers added just 38,000 jobs in May, the fewest in over five years.
------------------------------
No way to spin it. It's bad news.
The unemployment numbers are usually crooked in some sense and unreliable.
In Canada we drop a person off the stats once their unemployment insurance runs out. So if you have not found work,you no longer count in the percentages. So they parade job gains that usually are all part time jobs and lower pay combined with that fact.
Does it work similar in the States?
In Canada we drop a person off the stats once their unemployment insurance runs out. So if you have not found work,you no longer count in the percentages. So they parade job gains that usually are all part time jobs and lower pay combined with that fact.
Does it work similar in the States?
Of course you have to strive for full employment, but hovering around the 5% mark is a great success and as long as it's sustained then the US is in a good position. It's easy to say "they have slowed down" but it's more like operating close to maximum capacity - it gets increasingly harder to do better.
U.S. hiring slowed to a near-standstill in May, sowing doubts about the economy’s health and complicating the Federal Reserve’s efforts to raise interest rates.
While unemployment slid from 5 percent to 4.7 percent, the lowest since November 2007, the rate fell for a troubling reason: Nearly a half-million jobless Americans stopped looking for work and so were no longer counted as unemployed.
Employers added just 38,000 jobs in May, the fewest in over five years.
Less-educated workers bore the brunt of the hiring slump, with a quarter-million high school dropouts losing their jobs in May. That has perpetuated a long-term trend toward a two-tiered job market, with college-educated adults more likely to be employed and earning steady raises.
“The shockingly low payrolls gain in May provides further evidence that the economy is showing clear signs of slowing,” said Laura Rosner, an economist at BNP Paribas.
The much-weaker-than-expected figure raised doubts that the Federal Reserve will increase short-term interest rates at its next meeting in mid-June or perhaps even at its subsequent meeting in July. Many analysts had expected an increase by July.
On Wall Street, the Dow Jones industrial average closed down 32 points, for a loss of 0.2 percent.
The disappointing report spilled into the presidential race, with Donald Trump referring to it on Twitter as a “terrible jobs report” and a “bombshell.” The figures come just days after President Barack Obama touted his economic record in Elkhart, Indiana.
Americans particularly worried about the economy have been more likely to support outsider candidates such as Trump and Democratic Sen. Bernie Sanders.
Trump’s support has also come disproportionately from adults without college degrees, and Friday’s report served as a stark reminder that less-educated Americans have continued to lose economic ground even as overall hiring and growth have picked up since the Great Recession.
Essentially all of the 7 million jobs added over the past decade belong to workers with at least some college experience. The number of high school graduates with jobs is 3 million lower than 10 years ago.
“The high school jobs are gone and they’re not coming back,” said Anthony Carnevale, director of the Georgetown University Center on Education and Workforce. “It’s driven by a fundamental shift from an industrial economy to a post-industrial economy.”
Craig Lloyd, 27, has mostly worked part-time jobs in restaurants in Wichita, Kansas, since graduating from high school 10 years ago. Some paid as little as minimum wage, while his most recent position as a sous-chef paid $12 an hour.
Three months ago, he started his own business selling burritos out of a friend’s food truck on weekends.
His wife is returning to school to get her degree, but he doesn’t plan to do so himself. “I’ve really put off getting a higher education, because of the debt that you can incur,” Lloyd said.
http://www.wistv.com/story/32131515/us-hiring-grinds-to-a-near-halt-many-stop-looking-for-work
Obama: America is not in decline, Trump lacks ‘magic wand’ to grow economy (June 1, 2016)
ELKHART, Ind. — President Obama defended his economic record on Wednesday during a visit to an Indiana city that has come to symbolize the nation’s uneven recovery, saying that he created millions of new jobs and questioning Republican Donald Trump’s ability to steer the economy in the right direction.
In a far-ranging interview and town-hall event with PBS NewsHour in Elkhart, Obama touted the economic gains seen under his watch in hard-hit counties like Elkhart, where the unemployment rate soared to nearly 20 percent soon after he took office.
Unemployment in the county, which the Obama administration used as a touchstone early on to gauge its economic recovery plan, now stands at roughly four percent.
“We’re going to have to make sure that we make some good decisions going forward, but the notion that somehow America is in decline is just not born out by the facts.”
“We’re going to have to make sure that we make some good decisions going forward, but the notion that somehow America is in decline is just not born out by the facts,” Obama said in an interview with the NewsHour’s Gwen Ifill.
Nevertheless, in the interview and a town hall held immediately after in downtown Elkhart, the president acknowledged that many people around the country remain worried about making ends meet.
“Even though we’ve recovered, people feel like the ground under their feet isn’t quite as solid,” Obama said. “If they’re feeling insecure, and they’re offered a simple reason to be more secure, people are going to be tempted by it.”
The comment was clearly aimed at Donald Trump, the presumptive Republican nominee. Trump’s populist economic message has energized millions of voters, but his critics — including Obama and former Secretary of State Hillary Clinton, the likely Democratic nominee — have long argued that Trump does not have the experience or gravity to lead the country.
The president declined to invoke the real estate mogul’s full name, saying that he would let Trump “do his advertising for him.”
But Obama criticized Trump’s claims that he could use his business acumen to spur economic growth and tackle other complex issues.
“He just says, ‘I’m gonna negotiate a better deal.’ Well how? How exactly are you going to negotiate that?” Obama said during the town hall portion of the event. “What magic wand do you have? And usually the answer is, he doesn’t have an answer.”
http://www.pbs.org/newshour/updates/watch-live-president-obamas-town-hall-in-elkhart-indiana/
---------------------------------------------------------
It will be very hard for historians to clean up 0bama's records.
Jump to: