Where Did 342,693 Jobs Go?

Unemployment Rates

Unemployment Rates (Photo credit: GDS Infographics)

My math skills are fundamental, and as such I shouldn’t refute the government of the United States unemployment numbers, but I must. The level of trickery in the 7.8% unemployment number released today is astronomical.

Here is my math:

1.) From the Department of Labor Statistics the total work force in 2012 is extrapolated to be 152,230,880. (zero unemployed)

2.) Announced unemployment number today is 7.8%.  My math .078(152,230,880) = 11,874,008 people without jobs

3.) Announced unemployment last month was 8.1%. My math .11(152230880) = 12,330,701 people without jobs

4.) The number of jobs picked up in September  is (12,330,701-11,874,008) = 456,693

5.) The number of non farm jobs reported for September is 114,000.

6.) Excuse me but where did the rest of the jobs come from? My math (456,693-114,000) = 342,693 jobs unresolved. Is it a coincidence that the jobless claims for this week were at 367,000?

7.) Subtract 114,000 from last months unemployed and the real unemployment number should be reported as 8.0% not 7.8%.

Granted my logic is simple, but this smacks of a fresh dead skunk on the road. No doubt, the Bureau of Labor Statistics website and the reports are real gems. They are extremely hard to understand and so filled with confusing numbers and statistics that anyone who tries to decipher them can come up with any number he wants.

My conclusion: The number of new jobs required to get a .3% difference does not jive with the number of new jobs reported.

Even if we accept the bright side of 7.8% unemployment there are still 11,874,008 workers who are searching for a meal. Spread that to the fifty states and each state has 237,480 workers twiddling their thumbs while waiting patiently for our bigger, better, problem solving, progressive government to raise taxes some more to improve the job outlook.

There is an old adage, “Liars figure, and figures lie.

Unemployment – OUT OF WORK

Abbott & Costello

Who’s on First

As a kid I enjoyed the antics of a very famous duo-comedy force called Abbott and Costello. One was a straight man for the other. They had some classic side splitting skits. One of them called  “Who’s on First” is genius comedy.  The skit below is modeled after “Who’s On First.”  This version is even funnier than the original.   Of course, if you are either unemployed or out of work you may not see the humor.

Unemployment- OUT OF WORK

 COSTELLO:  I want to talk about the unemployment rate in America .

 ABBOTT: Good Subject. Terrible Times. It’s  9%.

COSTELLO: That many people are out of work?

ABBOTT: No, that’s 16%.

COSTELLO: You just said 9%.

ABBOTT: 9% Unemployed.

COSTELLO: Right 9% out of work.

 ABBOTT: No, that’s 16%.

 COSTELLO: Okay, so it’s 16% unemployed.

 ABBOTT: No, that’s 9%.

COSTELLO: WAIT A MINUTE.    Is it 9% or16%?

 ABBOTT: 9% are unemployed.  16% are out of work.

 COSTELLO: IF you are out of work you are unemployed.

 ABBOTT: No, Obama said you can’t count the “Out of Work” as the unemployed.

You have to look for work to be unemployed.

COSTELLO: BUT THEY ARE OUT OF WORK!!!

ABBOTT: No, you miss his point.

COSTELLO: What point?

 ABBOTT: Someone who doesn’t look for work can’t be counted with those who look for work.

  It wouldn’t be fair.

 COSTELLO: To whom?

ABBOTT: The  unemployed.

COSTELLO: But they are ALL out of work.

ABBOTT: No, the unemployed are actively looking for work. Those who are out of work gave up looking and if you give up, you are no longer in the  ranks of the unemployed.

COSTELLO: So if you’re off the

unemployment roles that would count as less unemployment?

 ABBOTT:

Unemployment would go down.  Absolutely!

COSTELLO: The

unemployment just goes down because you don’t look for work?

 ABBOTT: Absolutely it goes down. That’s how Obama

gets it to 9%.   Otherwise it would be 16%. He doesn’t want you to read about 16% unemployment.

COSTELLO: That would be tough on his reelection.

ABBOTT: Absolutely.

COSTELLO: Wait, I got a question

for you. That means there are two ways to bring down the unemployment  number?

 ABBOTT: Two ways is correct.

 COSTELLO:

Unemployment can go down if someone gets a job?

 ABBOTT: Correct.

COSTELLO: And unemployment can also go down if you stop looking for a job?

ABBOTT: Bingo.

COSTELLO: So there are two  ways to bring unemployment down, and the easier of the two is to have Obama’s supporters stop looking for work.

 ABBOTT: Now you’re thinking like the Obama Economy Czar.

 COSTELLO: I don’t even know what the hell I just said!

 ABBOTT: Now you’re thinking like Obama.

Thanks Diane for a great laugh.

“O” is Truly Mortal

A friend sent this to me. It brings a little levity to this discussion. It also proves that “O” is truly mortal and can screw up like the rest of us. This small business owner obviously didn’t work with “O” to make his business a success.

Obama Campaign Office. This is the direction of his presidency.

Put Another Log on the Fire

One thing a Boy Scout learns early is how to start a fire. Fire is essential to survival. Since POTUS has never been a Boy Scout he needs to learn the best way to make a roaring fire is not by striking a match to a big tree. A good Scout starts his match to dry fine tinder, moves up by adding twigs, and then larger sticks, eventually, when the flames are hot and strong, he adds a moderate size chunk of log. The US economy is now at a stage of a small fire. It is barely hanging on and it needs incentivizes to grow stronger, but not with a honking huge log.

The heart of our economy is small business. It needs to be nurtured and fed sales in a continuous stream without interruption. If business has its tinder taken away in the form of taxation or new regulatory costs there is not enough left to feed the fire and make it grow. The overall effect of a huge stimulus at this point would certainly be to squash any business activity with inflationary costs. My advisor tells me that there is no inflation, and I ask him if he has bought milk or gas lately? Sure, electronics are not rising in price, but the stuff of everyday life is rising very fast.

Do not get your votes at my expense Mr. President, get my approval by doing something right for the country, RESIGN!

Add Home Maintenance to the PPAHCA

 

Some days it doesn’t pay to wake up. I’ve had seven months of the home maintenance blues. It started in August when the air conditioner blew during the one week of ninety-five degree days.

“It is old,” I rationalized. My fabulous son-in-law came to the rescue. When he removed the plenum from the furnace he found a crack in the heat exchanger.
“You know, if I were at someone else’s house on a service call I’d have to red tag the furnace.”

“Replace the unit.”

A month later, Grandma Peggy showed me a discoloration on the ceiling in the living room.

“Looks like we have a leaky roof. That is the second spot to show up.”

After getting three quotes for the roof replacement I selected a man whom I felt very confident about. He immediately went to Frankfort Village Hall to apply for a permit. The village would not let him do the job because he was not an approved roofer in Frankfort. The high cost of approval caused him to reject the job. I went with the next roofer on the list.

“Joe, why is there a noise coming from downstairs?”

“What noise?”

“You mean you can’t hear the siren wailing?”

I went to investigate. The back-up pump in the clear water sump was screaming. The primary sump pump that I replaced just three months ago failed, and the backup did its job, but wouldn’t shut off. I pulled the plug.

Two weeks ago, a second sump pump that handles the downstairs slop sink and the water conditioner failed. Again Peggy called me.

“Do you hear that?”

“No.”

“”I think it’s coming from the furnace room.” I went to investigate.

The plastic pipe coming out of the sump was hot to the touch and the noise sounded like sparking. I lifted the lid over the sump and got a blast of hot air in my face, just like you get when you open an oven. I pulled the plug. This time, I’m calling a plumber, I want him to look at the seepage around the overhead sewer line anyway.

“What do you think is causing this,” I asked the plumber?

“It’s probably a broken sewer pipe, I’ll remove the clean-out plug and see what is happening.”

Look down the hole to see the broken sewer pipe.

Sure enough, the cast iron main pipe just outside of the house broke and shifted downward thus impeding the flow of sewage from the house. Raw sewage juice seeps into the house around the pipe through the foundation. That is what shows up as a black streak running down the basement wall.

This time the plumber asked me to get the permit. I did. When they called to tell me to pick it up, they asked for $80.

“WHAT? I went ballistic. I pay huge tax money to Frankfort for the privilege of living here and you are asking for $80 more?”

“I’m sorry sir, but that is the standard charge.”

“I want to talk to a manager.”

“I’m sorry sir, but the charge is in a Village ordinance.”

I paid, and stomped out talking to myself out loud.

I came home to admire the black streak running down the wall, and thanked God that sewage was still flowing and not backing up into the bathtubs. I calmed down. Oh well, it’s only money, and the economy needs a boost.

The Hole.

A couple of days ago, Peggy turned on the garbage disposal unit.

“Why doesn’t this make noise anymore?”

“Because it is a super quiet model.”

I checked it myself to see if her assumption that it didn’t work was correct. She is correct, the rotor doesn’t turn and the overload switch trips out to kill it.

I’ve made a list of things that are left, and it is still very long. I am positive the water heater, water softener, the windows, refrigerator, and the garage door opener will send me a message soon.

Maybe I’ll testify before Congress to add home repairs to the Patient Protection and Affordable Health Care Act. After all, the health of my family depends on the environment we live in. Besides, if I can get Viagra, and women can get contraception to support their health, why wouldn’t I get money to live in a nice healthy well maintained home? It is the Progressive way of thinking.

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