FIVE YEARS OF THE
WORST JOBS CRISIS SINCE THE GREAT DEPRESSION… and OBAMA AND THE LA RAZA DEMS
HAVE PUSHED OUR BORDERS OPEN FOR MORE ILLEGALS, SABOTAGED E-VERIFY AND PROMISED
LA RAZA VOTERS NO ENFORCEMENT!
DURING OBAMA’S
FIRST TERM, 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL.
THE U.S. CHAMBER
of COMMERCE, FRONT FOR WALL STREET LOOTERS, ENDORSES OBAMA’S OPEN BORDERS
AGENDA, AMNESTY AND NO E-VERIFY.
IT’S ALWAYS ABOUT
KEEPING WAGES DEPRESSED AND CORPORATE PROFITS SOARING! THEY ARE ON BOTH COUNTS!
The
January employment report released by the Labor Department’s Bureau of Labor
Statistics offered little encouragement to working people, still struggling
after five years of the worst jobs crisis since the Great Depression. The
official unemployment rate—a vast underestimation of the real level of
joblessness—rose to 7.9 percent from the previous month’s 7.8 percent.
Dismal jobs report sparks Wall Street surge
By Barry Grey
2 February 2013
2 February 2013
The blue chip Dow Jones Industrial Average closed above 14,000 for
the first time in five years and neared its all-time high on Friday in response
to a Labor Department report showing stagnant job growth and an uptick in the
official unemployment rate.
The Dow surged 149 points to close at 14,009, approaching its peak
of 14,164 reached in October 2007. The broader-based Standard & Poor’s 500
Index jumped 15 points to 1,513, just 63 points from its all-time intraday high
of 1,576. The Nasdaq Composite Index climbed by nearly 37 points.
The January
employment report released by the Labor Department’s Bureau of Labor Statistics
offered little encouragement to working people, still struggling after five
years of the worst jobs crisis since the Great Depression. The official
unemployment rate—a vast underestimation of the real level of joblessness—rose
to 7.9 percent from the previous month’s 7.8 percent.
US nonfarm payrolls increased by only 157,000 jobs, far below the
upwardly revised increases for November and December of 247,000 and 196,000,
respectively. The net payroll increase was barely half that recorded a year
ago, in January 2012.
The January jobs total was also well below the monthly average of
181,000 for 2012. It was far short of the pace of job creation needed to
significantly lower the unemployment rate. The net total of new jobs added in
January will barely keep pace with the normal monthly growth in the working-age
population. To produce a real recovery in the jobs market, the economy has to
generate well over 200,000 jobs per month on a sustained basis.
The enthusiastic response of the financial markets to the jobs
report underscores the stark divergence between the fortunes of the financial
elite that controls the markets and monopolizes stock and bond holdings and the
broad mass of working people. Buoyed by the policies of the Obama
administration and the Federal Reserve, the rich and the super-rich have in
recent weeks been celebrating record corporate profits and bulging stock
portfolios.
For the working class, there has been no respite from mass
unemployment and falling living standards, and the worst is yet to come as the
Obama administration and Congress prepare to impose unprecedented cuts in core
social programs such as Medicare, Medicaid and Social Security.
The bull market on Wall Street is not based on any genuine
recovery in the real economy. Just this week, the Commerce Department reported
that US economic output actually shrank in the fourth quarter of 2012,
declining by 0.1 percent, the first contraction since the official end of the
recession in June 2009. And on Thursday, the Labor Department reported a sharp
rise in initial unemployment claims, an increase of 38,000 in the previous week
to a total of 368,000.
The headline figures in the January jobs report largely conceal an
ongoing social catastrophe. There are 3.2 million fewer jobs today than there
were in December 2007, when the recession officially began. Taking into account
the normal growth of the working-age population, the total jobs deficit is over
8 million.
As the Washington-based Economic Policy Institute wrote in its
analysis of the jobs report: “The jobs deficit is so large that at January’s
growth rate, it would take until 2021 to return to the pre-recession
unemployment rate.”
The official jobless rate counts as employed some 8 million people
forced by the economy to survive on part-time jobs and does not take into
account millions who have stopped looking for work over the past 12 months. The
Labor Department’s so-called “underemployment” rate—including involuntary
part-time workers and laid-off people who looked for work in the past year but
not in the past month—is closer to the reality. In January it stood at 14.4
percent, representing some 23 million people.
But even this is a substantial underestimation. In its employment
estimates, the US government effectively writes off millions of laid-off people
who have given up looking for a job and millions of young people who have been
unable to land their first job. It is estimated that over 6 million Americans
have exhausted all unemployment benefits, federal as well as state, a number
that will rapidly increase in the coming months. The real unemployment rate in
the US is likely in the vicinity of 20 percent.
The official jobless rate has fallen to 7.9 percent in January
from a high of 10 percent in October 2009, but that decline is largely the
result of people dropping out of the job market and no longer being counted. A
more accurate gauge of the jobs crisis is the population-to-employment ratio,
58.6 percent in January, and the labor force participation rate, which includes
people over 16 actively looking for work, which stood at 63.6 percent in
January. Both of these indices are at 30-year lows.
Friday’s report showed an actual increase in the number of
unemployed people, from 12.2 million to 12.3 million. It also showed the number
of people with a job falling by 110,000 and the number of unemployed rising by
117,000.
Long-term unemployment remains at staggering levels. The number of
people out of work for 27 weeks or more was 4.7 million, representing 38.1
percent of all of those counted as unemployed. The average duration of
unemployment in January was 35.3 weeks.
Average weekly wages grew by 1.9 percent over the last year,
barely keeping pace with inflation and continuing the long-term decline in
workers’ real wages.
The jobs crisis continued to take its greatest toll on young and
minority workers. The teenage jobless rate was 23.4 percent. It was 13.8
percent for African Americans and 9.7 percent for Hispanics.
Retail trade, construction, health care and wholesale trade added
jobs over the month. Manufacturing barely grew, with a net increase of 4,000.
Both construction and manufacturing employment remain well below their 2007
levels.
The Obama administration responded to this latest dismal report
with its usual combination of complacency and indifference. At a briefing on
Friday, White House Press Secretary Jay Carney said the report meant “we have
been moving in the right direction when it comes to job creation.”
Alan Krueger, the chairman of Obama’s Council of Economic
Advisers, repeated verbatim the sentence he has uttered in response to the last
three monthly jobs reports: “While more work remains to be done, today’s
employment report provides further evidence that the US economy is continuing
to heal from the wounds inflicted by the worst downturn since the Great
Depression.”
These soporifics signify that the Obama administration will
advance no serious proposals to create jobs or provide relief to the millions
being economically devastated by mass unemployment.
As if to underscore his exclusive focus in his second term on
austerity and deficit reduction, Obama on Thursday allowed his Jobs and
Competitiveness Council, which he had set up in January of 2011, to expire. The
council was never more than a fig leaf to conceal his opposition to public
works or any other government program to create jobs. It was headed by General
Electric CEO Jeffery Immelt and dominated by big business.
Nevertheless,
Obama’s dismantling of the council is symbolic of his relegation of jobs to the
background and elevation of cuts in entitlement programs to the top of his
agenda.
Some media outlets, reflecting the satisfaction of Wall Street with
the jobs report, referred to it as a “Goldilocks” report. It was not so weak as
to spook the markets and negatively impact stock portfolios and profits, nor so
strong as to encourage workers to demand higher wages and resist speedup or
lead the Federal Reserve to discontinue its money-printing “quantitative
easing” program of virtually free credit for the banks and finance houses.
As far as the bankers and CEOs are concerned, the ongoing impact
of mass unemployment will facilitate the drive to destroy wage levels and slash
social spending, while providing the government with a pretext for continuing
to inflate financial assets and underwrite Wall Street speculation, in the name
of job creation.
*
WHY THE JOBS GO TO ILLEGALS:
“What employers really
want in many cases by hiring immigrants is to hold down wage costs, experts
say.”
*
UNDER OBAMA, TWO-THIRDS OF JOBS GO TO HIS PARTY BASE OF
ILLEGALS!
"We have a situation
where the job market — the bottom fell out, yet we kept legal immigration
relatively high without even a national debate," he said. "As a
consequence, a lot of the job growth has been going to immigrants."
Mr. Obama did take action
this year to grant many illegal immigrants up to 30 years of age a tentative
legal status that prevents them from being deported and authorizes them to work
in the United States.
Some Republicans in Congress
have criticized Mr. Obama's policy, saying it violates his powers and will mean
more competition for scarce jobs.
*
Guess LA
RAZA his happy with OBAMA’S endless hispandering! THEY SHOULD BE!
There are only eight states with a larger
population than LOS ANGELES COUNTY, where 47% of those with a job are ILLEGALS
USING STOLEN SOCIAL SECURITY NUMBERS! This same mex gang infested county puts
out $600 million in welfare to illegals!
*
“The
inspections have determined that hundreds of companies throughout the U.S. have
significant numbers of illegal
immigrants on their payroll
yet none have been punished, according to a Houston newspaper that obtained
internal ICE records through the Freedom of Information Act. At least 430 audit
cases listed as “closed” by the agency had high percentages of workers with
“questionable” documents yet they faced no consequences.”
THE ENTIRE REASON THE BORDERS ARE LEFT OPEN
IS TO CUT WAGES!
“We could cut
unemployment in half simply by reclaiming the jobs taken by illegal workers,”
said Representative Lamar Smith of Texas, co-chairman of the Reclaim
American Jobs Caucus. “President Obama is on the wrong side of the American
people on immigration. The president should support policies that help citizens
and legal immigrants find the jobs they need and deserve rather than fail to
enforce immigration laws.”
*
“The principal
beneficiaries of our current immigration policy are affluent Americans who hire
immigrants at substandard wages for low-end work. Harvard economist George
Borjas estimates that American workers lose $190 billion annually in depressed
wages caused by the constant flooding of the labor market at the low-wage end.”
Christian Science Monitor
*
CHRISTIAN SCIENCE MONITOR
Why the new
jobs go to immigrants
By David R. Francis
Wall Street
cheered and stock prices rose when the US Labor Department announced last
Friday that employers had expanded their payrolls by 262,000 positions in
February.
But it
wasn't entirely good news. The statisticians also indicated that the share of
the adult population holding jobs had slipped slightly from January to 62.3
percent. That's now two full percentage points below the level in the
brief recession that began in March 2001
ILLEGALS NOW CONTROL THE CA STATE LEGISLATURE WHERE
ALL AGENDAS ARE FOR LA RAZA SUPREMACY!
NOW ILLEGALS WILL BE GETTING UNEMPLOYMENT FOR THE JOBS
THEY STOLE FROM LEGALS!
Undocumented immigrants could get jobless benefits
Published: Wednesday, Dec. 12, 2012 - 12:00 am | Page 4A
Last Modified: Wednesday, Dec. 12, 2012 - 11:20 am
Legislation introduced Tuesday would
give about 400,000 undocumented immigrants in California the same rights as
citizens to unemployment benefits and various other government
services.
Assembly
Bill 35 targets a select group of undocumented immigrants, participants in
President Barack Obama's Deferred Action for Childhood Arrivals program, who
came to the United States as youths and have lived generally productive lives
for numerous years.
Gov.
Jerry Brown signed legislation, effective Jan. 1, that enables participants in
the federal program to obtain California driver's licenses. AB 35 would provide
them with rights to a state ID card, unemployment
benefits and state-administered medical services.
AB
35 was proposed by Assemblyman Roger Hernández, a West Covina Democrat who was
named chairman of the Assembly Labor and Employment Committee this month.
"California
embodies the greatest diversity in the world," Hernández said in a written
statement. "We recognize we will need the collective skills and talents of
these young immigrants to aid out state in reaching our true potential."
As
labor committee chairman, Hernández said, "I am ready to carry my part in
making sure their integration into our workforce, economy and society becomes a
reality."
Read more here: http://www.sacbee.com/2012/12/12/5048195/undocumented-immigrants-could.html#storylink=cpy
*
The Obama administration has also cut worksite enforcement efforts by 70%, allowing illegal immigrants to continue working in jobs that rightfully belong to citizens and legal workers.
*
THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!
"We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers," said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. "President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws."
VIVA LA RAZA! THE INVASION AND OCCUPATION IS NOW EXPANDING TO ALL OTHER 49 STATES!*
Illegal labor pool and its impact on unemployment rates
http://www.onenewsnow.com/politics-govt/2012/12/20/illegal-labor-pool-and-its-impact-on-unemployment-rates
*
HERE’S HOW NO E-VERIFY BREAKS DOWN:
*
Joe Legal vs. Jose Illegal
CA MAKES
E-VERIFY ILLEGAL! COURTESY THE MEXICAN FASCIST PARTY of LA RAZA!
Joe Legal vs. Jose Illegal
Here is an example of why hiring illegal aliens is not economically productive for the State of California...
You have 2 families..."Joe Legal" and "Jose Illegal". Both families have 2 parents, 2 children and live in California.
"Joe Legal" works in construction, has a Social Security Number, and makes $25.00 per hour with payroll taxes deducted...."Jose Illegal" also works in construction, has "NO" Social Security Number, and gets paid $15.00 cash "under the table".
Joe Legal...$25.00 per hour x 40 hours $1000.00 per week, $52,000 per year
Now take 30% away for state and federal tax
Joe Legal now has $31,231.00
Jose Illegal...$15.00 per hour x 40 hours $600.00 per week, $31,200.00 per year
Jose Illegal pays no taxes...
Jose Illegal now has $31,200.00
Joe Legal pays Medical and Dental Insurance with limited coverage
$1000.00 per month
$12,000.00 per year
Joe Legal now has $19,231.00
Jose Illegal has full Medical and Dental coverage through the state and local clinics at a cost of $0.00 per year
Jose Illegal still has $31,200.00
Joe Legal makes too much money is not eligible for Food Stamps or welfare
Joe Legal pays for food
$1,000.00 per month
$12,000.00 per year
Joe Legal now has $ 7,231.00
Jose Illegal has no documented income and is eligible for Food Stamps and Welfare
Jose Illegal still has $31,200.00
Joe Legal pays rent of
$1,000.00 per month
$12,000.00 per year
Joe Legal is now in the hole... minus (-) $4,769.00
Jose Illegal receives a $500 per month Federal rent subsidy
Jose Illegal pays rent
$500.00 per month
$6,000.00 per year
Jose Illegal still has $25,200.00
Joe Legal now works overtime on Saturdays or gets a part time job after work.
Jose Illegal has nights and weekends off to enjoy with his family.
Joe Legal's and Jose Illegal's children both attend the same school. Joe Legal pays for his children's lunches while Jose Illegal's children get a government sponsored lunch.
Jose Illegal's children have an after school ESL program. Joe Legal's children go home.
Joe Legal and Jose Illegal both enjoy the same Police and Fire Services, but Joe paid for them and Jose did not pay.
Don't vote/support any politician that supports illegal aliens...
Its WAY PAST time to take a stand for America and Americans!
LA RAZA "THE RACE" lies - MEX FASCISM (VIVA LA
RAZA SUPREMACY? obama does!)
http://mexicanoccupation.blogspot.com/2012/01/heather-mac-donald-la-raza-fascist.html
http://mexicanoccupation.blogspot.com/2012/01/heather-mac-donald-la-raza-fascist.html
MEXICANOCCUPATION.blogspot.com
OBAMA HAS
FILLED HIS ADMINSTRATION WITH PRIMARILY LA RAZA PARTY MEMBERS.
Here’s his
Sec. Labor, HILDA SOLIS:
While in
Congress, she opposed strengthening the border fence, supported expansion of
illegal alien benefits (including driver's licenses and in-state tuition
discounts), embraced sanctuary cities that refused to cooperate with federal
homeland security officials to enforce immigration laws, and aggressively
championed a mass amnesty. Solis was steeped in the pro-illegal alien worker
organizing movement in Southern California and was buoyed by amnesty-supporting
Big Labor groups led by the Service Employees International Union. She has now
caused a Capitol Hill firestorm over her new taxpayer-funded advertising and
outreach campaign to illegal aliens regarding fair wages:
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