Article Image
News Link • Employment & Jobs

No Jobs For Americans

• http://www.thedailybell.com, Paul Craig Roberts
 Wholesale and retail trade accounted for 70,700 of these jobs or 95.5%. It is likely that the December wholesale and retail hires were temporary for the Christmas shopping season, which doesn't seem to have been very exuberant, especially in light of Macy's decision to close five stores and lay off 2,500 employees. It is a good bet that these December hires have already been laid off.

A job gain of 74,000, even if it is real, is about half of what is needed to keep the unemployment rate even with population growth. Yet the Bureau of Labor Statistics reports that the unemployment rate fell from 7.0% to 6.7%. Clearly, this decline in unemployment was not caused by the reported 74,000 jobs gain. The unemployment rate fell because Americans unable to find jobs ceased looking for employment and, thereby, ceased to be counted as unemployed.

In America the unemployment rate is a deception just like everything else. The rate of American unemployment fell because people can't find jobs. The fewer the jobs, the lower the unemployment rate.

- See more at: http://www.thedailybell.com/editorials/34923/Paul-Craig-Roberts-No-Jobs-For-Americans/#sthash.BrG1tvk0.dpuf

1 Comments in Response to

Comment by Anon Commenter
Entered on:

A MUST READ!

Bankers Destroy Global Economy by Design to Consolidate Power
http://www.truthistreason.net/bankers-destroy-global-economy-by-design-to-consolidate-power/comment-page-1#comment-26822

A MUST LISTEN!

Ian Wishart, author of TOTALITARIA, interviewed on Coast-to-Coast AM, with George Noory (11 Dec 2013)(Ian Wishart, a former Government Insider, became aware of the “elite” push for N.W.O.)

https://www.youtube.com/watch?v=35OsZXUf1h0&list=PLnj_cm2kvBdEMBYWtsVll_mABDrXcTfVn&index=21

 


Join us on our Social Networks:

 

Share this page with your friends on your favorite social network: