NOT WINNING – JOBS DUMP

ONLY 20,000 JOBS CREATED IN THE MONTH OF FEBRUARY

Excerpted below from the ‘official government report’ as released on the Bureau of Labor Statistics (click here to see the complete release/report on the BLS website):

         {THE EMPLOYMENT SITUATION -- FEBRUARY 2019                      Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased.}  

(HOLD CURSOR OVER ABOVE AND SLIDE TO USE SLIDER)

Remember, it takes anywhere from 115,000-150,000 new jobs EACH MONTH just to ACCOMMODATE POPULATION GROWTH, that is, young adults entering the work force looking for full time employment.

Things are not as they seem. If we are in a robust booming economy, greater than any other in history, how the hell can we only be creating 20,000 jobs in the month of February? Especially when there are MILLIONS OF AMERICANS STILL NOT WORKING AND LOOKING FOR WORK?

Let’s just look at the PARTICIPATION RATE as it has never returned to POST 2008 EMPLOYMENT LEVELS. This will directly affect your so called ‘low unemployment rate’ for the Unemployment Rate is a Percentage of those who are actually in the Work Force. If there are less people in the Work Force the percentage of those counted as Unemployed will naturally be less than those who are ACTUALLY UNEMPLOYED.

Confused?

That’s what the Federal Leviathan loves to do: obfuscate reality.

By the actual way it ‘redefines’ those who are not working by not counting unemployed persons after a certain period of time or circumstance, it skews the percentage. Also, please note, the actual number that reported is what we call in Gov-Speak the “U3” number. The government actually has a number that is much closer to the truth and that’s the ‘U6’ Number as listed on their own BLS Chart.

As always at DroneArmy.com, we exhort you to think critically, dig for data and trust your own intuition about what you see.

Then, when you ‘see…

……..act in accordance with what you see’…

and above all, don’t be a done!

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