326,000 Native-Born Americans Lost Their Job In November
Dec 6, 2015 8:25:50 GMT -6
Nugget, Mystic Wanderer, and 1 more like this
Post by Rickster on Dec 6, 2015 8:25:50 GMT -6
ZERO HEDGE:
The truth manipulated to it's finest. In so many of my threads I always ask where has the mainstream media been on things like this? I have come to realize the mainstream media is nonexistent. They are either government controlled, (Operation Mockingbird) or they are nothing more than a left wing propaganda driven voice for the socialist leanings of the government. If this latest shooting in San San Bernardino isn't the classic example nothing is. Within 60 of the terror attack the president calls for more gun control, and in the following days the media from newspapers to CNN trumpet the same tune in an effort to convince the public something needs to be done. Even to the point of calling the head of the NRA Wayne Lapierre a terrorist. I hope he sues the hell out of them. More like likely its a hybridization of both, I once asked a Specials Forces friend about reporting in the middle east war effort, he laughed and said the real war ins't where reporters are and who do you think tells the media whats going on? He says oh they stumble onto things but the government controls what they find out and you always get a sanitized version. It was a hell of a learning lesson, since then, I look at things differently in reporting on war and geopolitics.
Well the same can be said for immigration and jobs reports, how many times do we here the economy isn't that bad. Job creation is up and everything is fine. I am beginning to think (Warning Doom Porn) the shoe is getting ready to drop. Everything is a lie at every level. Jobs reports, market forces, economy gains, banking, mortgage lenders, financial quality of other countries, and our desire to stop something as sinister as ISIS. It can't go on much longer, how many countries economies are in the tank, how many of our allies are running from us, how much debt can this country handle, and how much can we give away to illegals, and refugees alike in order to gain votes. That shoe is ready to drop and it's the size of Shaq's a 22.
Friday's release of a "just right" jobs report, in which the US economy reportedly added 211,000 jobs, more than the 200,000 expected, solidified its position as the "most important" one in recent years, after it was broadly interpreted by economists as the sufficient condition for the Fed to hike rates on December 16, 7 years to the day after the same Fed cut rates to zero.
As such, if indeed the Fed does hike, over the next several quarters, the US labor data will take a secondary place in terms of importance unless, of course, it plummets in which case the Fed will be forced to quickly undo its tightening policy and go back to ZIRP if not NIRP and more QE.
However, even as the Fed's "data (in)dependent" monetary policy takes on secondary relevance as we enter 2016, one aspect of the US jobs market is certain to take on an unprecedented importance.
We first laid out what that is three months ago when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive."
We were talking about the chart showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.
Curiously, it is precisely this data that got absolutely no mention following yesterday's job report, about which the fawning mainstream media only noted, in passing, one negative aspect to the report: the fact that 319,000 part-time jobs for economic reasons were added in November. However, with Trump and his anti-immigration campaign having just taken the biggest lead in the republican primary race, we are confident that the chart shown below will soon be recognizable to economic and political pundits everywhere.
And here is why we are confident this particular data should have been prominently noted by all experts when dissecting yesterday's job report: according to the BLS' Household Survey, while 375,000 foreign-born workers found jobs in November, a whopping 326,000 native-born Americans lost theirs."
As such, if indeed the Fed does hike, over the next several quarters, the US labor data will take a secondary place in terms of importance unless, of course, it plummets in which case the Fed will be forced to quickly undo its tightening policy and go back to ZIRP if not NIRP and more QE.
However, even as the Fed's "data (in)dependent" monetary policy takes on secondary relevance as we enter 2016, one aspect of the US jobs market is certain to take on an unprecedented importance.
We first laid out what that is three months ago when we said that "the one chart that matters more than ever, has little to nothing to do with the Fed's monetary policy, but everything to do with the November 2016 presidential elections in which the topic of immigration, both legal and illegal, is shaping up to be the most rancorous, contentious and divisive."
We were talking about the chart showing the cumulative addition of foreign-born and native-born workers added to US payrolls according to the BLS since December 2007, i.e., since the start of the recession/Second Great Depression.
Curiously, it is precisely this data that got absolutely no mention following yesterday's job report, about which the fawning mainstream media only noted, in passing, one negative aspect to the report: the fact that 319,000 part-time jobs for economic reasons were added in November. However, with Trump and his anti-immigration campaign having just taken the biggest lead in the republican primary race, we are confident that the chart shown below will soon be recognizable to economic and political pundits everywhere.
And here is why we are confident this particular data should have been prominently noted by all experts when dissecting yesterday's job report: according to the BLS' Household Survey, while 375,000 foreign-born workers found jobs in November, a whopping 326,000 native-born Americans lost theirs."
The truth manipulated to it's finest. In so many of my threads I always ask where has the mainstream media been on things like this? I have come to realize the mainstream media is nonexistent. They are either government controlled, (Operation Mockingbird) or they are nothing more than a left wing propaganda driven voice for the socialist leanings of the government. If this latest shooting in San San Bernardino isn't the classic example nothing is. Within 60 of the terror attack the president calls for more gun control, and in the following days the media from newspapers to CNN trumpet the same tune in an effort to convince the public something needs to be done. Even to the point of calling the head of the NRA Wayne Lapierre a terrorist. I hope he sues the hell out of them. More like likely its a hybridization of both, I once asked a Specials Forces friend about reporting in the middle east war effort, he laughed and said the real war ins't where reporters are and who do you think tells the media whats going on? He says oh they stumble onto things but the government controls what they find out and you always get a sanitized version. It was a hell of a learning lesson, since then, I look at things differently in reporting on war and geopolitics.
Well the same can be said for immigration and jobs reports, how many times do we here the economy isn't that bad. Job creation is up and everything is fine. I am beginning to think (Warning Doom Porn) the shoe is getting ready to drop. Everything is a lie at every level. Jobs reports, market forces, economy gains, banking, mortgage lenders, financial quality of other countries, and our desire to stop something as sinister as ISIS. It can't go on much longer, how many countries economies are in the tank, how many of our allies are running from us, how much debt can this country handle, and how much can we give away to illegals, and refugees alike in order to gain votes. That shoe is ready to drop and it's the size of Shaq's a 22.