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CNBC brags about the decrease of long term unemployment

by Rodan ( 49 Comments › )
Filed under Economy, Media, unemployment at February 6th, 2013 - 11:00 am

Anyone reading CNBC would believe that we are in roaring economic times. Any slight improvement in economic data leads to wild cheers and claims we are having unprecedented prosperity. Since Obama has been in office, 8 million people have dropped out of the labor force. This has kept the unemployment rate artificially lower than what it really should be. But, this fact is rarely mentioned or its buried under triumphant headlines.

In the latest propaganda piece, CNBC’s Marc Koba is bragging that now the long term unemployed are decreasing. The article claims this is proof that our economy is booming and a strong job market. In the article itself, the truth is revealed why this is occurring. You guess it, the improvement in long term unemployment is due to people dropping out of the labor market.

The long term unemployed in the U.S are having an easier time finding jobs, while the chronic problem of long-term joblessness may disappear in the months ahead, according to a study released Monday from the Federal Reserve Bank of San Francisco.

The jobless rate in the U.S. is currently at 7.9 percent, with some 12.3 million people out of work, according to the Bureau of Labor Statistics. Of that, some 4.7 million are considered long term unemployed — meaning they have been jobless for 27 weeks or more.

Using BLS numbers, the report stated that in December 2012, the share of workers who were jobless six months or longer dipped below 40 percent for the first time since late 2009. The portion of unemployed Americans out of work for 99 weeks or longer fell to 11.2 percent in January — the lowest level in two years

[....]

Other reasons for the decline in the long-term unemployed aren’t so positive, however. It’s estimated that some 7 million people have dropped out of the labor force because they’ve just given up looking for work and are no longer part of the official statistics.

“It’s true that a lot of people have just given up, so that’s part of the reason the long-term unemployed numbers have gone down,” Valetta admitted.

This is typical of economic news reported by the media. They jump on any positive aspect to prove the economy is strong. The real reason for any decline is hidden. The 7 Million who dropped out of the labor force is the 800 lb Gorilla the Obama Boom propagandists do not mention. CNBC like most news outlets are dishonest propagandists.

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49 Responses to “CNBC brags about the decrease of long term unemployment”
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  1. 1 | February 6, 2013 11:17 am

    If those seven million had turned out and voted against Obama en masse, he might not be President today. Many of them either voted for him anyway, or “voted” for him by default by not voting. Either way, they were acting against their own long-term interests.


  2. citizen_q
    2 | February 6, 2013 11:21 am

    I heard someone on Hannity’s radio show the other day who tried equating the number of boomer’s retiring and leaving the workforce with the number of people giving up actively looking for work and thus not counted for unemployment stats.

    He quoted number of boomer’s retiring monthly and the number of people leaving the work force, and while I don’t remember the numbers cited they were close. So his point was that the statistics of those leaving the work force was useless information in attacking the state of the economy, they were just counting people retiring.

    I know his point is false, for example for his numbers to work even if they were a good comparison did not take into account new entrants into the work force, but am not quite sure how or if retirees would be included in the figures of those leaving the work force for unemployment reporting.


  3. sk (skzion)
    3 | February 6, 2013 11:22 am

    Absolutely.

    What is stunning is that the economy was supposed to improve rapidly after the last recession because that is what economies do!

    But not under Hussein.

    And why should anything he has done help the economy? Sucking money from productive forces to fund a porkulus bill? The net economic effect MUST be negative. What of suppressing efforts at energy production while sucking up more money to fund “green” boondoggles. Then there’s that fabulous Obamacare, that has massively harmed small business employment. He has only encouraged illegals. Everything he has done, in short, should hurt the economy.


  4. 4 | February 6, 2013 11:22 am

    @ Iron Fist:

    Obama’s kill Romney campaign worked. By not responding to 3 months of attacks, people began to despise him>S o they either stayed home or voted for the god-king.


  5. 5 | February 6, 2013 11:24 am

    @ citizen_q:

    ACtually it doesn’t bear out at all. I have seen the talking point debunk.


  6. sk (skzion)
    6 | February 6, 2013 11:25 am

    @ citizen_q:
    Ah, but the welfare rolls have and are increasing (e.g. Medicaid, food stamps). This is not consistent with mere retirement.


  7. citizen_q
    7 | February 6, 2013 11:31 am

    @ Rodan:

    I think not mentioning new entrants is a pretty big hole, but if you come across a link debunking this talking point, I would like to see it.

    @ sk (skzion):
    Not to mention accelerating numbers of those claiming disability.


  8. 8 | February 6, 2013 11:43 am

    @ citizen_q:

    Here you go.


  9. citizen_q
    9 | February 6, 2013 11:45 am

    @ Rodan:
    Thank you very much!


  10. sk (skzion)
    10 | February 6, 2013 11:53 am

    @ citizen_q:
    Rodan, how could I have forgotten about all those suddenly disabled?


  11. Guggi
    11 | February 6, 2013 11:56 am

    citizen_q wrote:

    He quoted number of boomer’s retiring monthly and the number of people leaving the work force, and while I don’t remember the numbers cited they were close. So his point was that the statistics of those leaving the work force was useless information in attacking the state of the economy, they were just counting people retiring.

    There is a point with the baby-boomers retirement but it happened six years earlier than it should. It was expected about 2017


  12. sk (skzion)
    12 | February 6, 2013 11:58 am

    @ Rodan:
    Very nice.


  13. citizen_q
    13 | February 6, 2013 12:01 pm

    @ Guggi:
    According to the report from the Heritage foundation that Rodan provided the link to, over the last 3 years the entire reduction of the unemployment rate is due to people leaving the workforce.

    Only 1/5 of those leaving the workforce are retiring.


  14. citizen_q
    14 | February 6, 2013 12:51 pm

    O/T but this mess of a story from DC highlights many of the problems the people fighting to kill the 2nd Amendment help create.

    Note this story takes place in DC having very restrictive gun laws. All the people in the story appear to be career criminals, but are armed. One of them was murderer released from jail under “intense supervision” wearing an ankle bracelet which did not prevent him from kidnapping, possessing an illegal gun and using it in a couple of shoot outs.

    Kidnapped D.C. brothers charged in captor’s killing

    Two brothers are being charged in connection with a fatal December shootout in Southeast D.C. that was triggered after one of the men was kidnapped while trying to pay a ransom for the other.

    Court documents filed in D.C. Superior Court in Mr. Hale’s case state that Tony Brown shot Rivers multiple times after the two men forced him into a stolen Mazda. Witnesses told police that Rivers and Mr. Hale were holding James Brown against his will in the car with them when they pulled up. Mr. Hale asked, “You got my money?”

    When Tony Brown replied that he did, he was ushered into the back seat of the Mazda at gunpoint and his brother was released.

    After a short drive down the road, police said Tony Brown pulled out his revolver and shot Rivers, who was driving. The Mazda crashed and Tony Brown and Mr. Hale exchanged gunfire. Mr. Hale was struck in the wrist and Tony Brown was shot in the face.

    Both men fled, with Tony Brown heading toward his home, which was up the block. A witness told police that after the crash a man was seen firing several rounds into the wreckage of the vehicle. Police recovered eight spent 9 mm cartridge casings found scattered around the Mazda.

    A separate witness, who said they knew James Brown, said that James Brown was seen both running away from the crash scene and in the backyard of his home a short time later holding an “assault rifle” in his hand, court documents state. When police searched the Browns’ Southeast D.C. home two days after the shooting, officers recovered a Kel-Tec 9 mm carbine rifle. Its ballistics matched the 9 mm cartridges found around the crashed car.

    Prior to his arrest Thursday, Tony Brown had also been charged with unlawful possession of ammunition for six rounds of .38-caliber ammunition and a 9 mm round found inside his vehicle when police searched his car Dec. 31. An attorney representing Tony Brown in that case could not be reached for comment Thursday, and no attorney information was immediately available for James Brown.

    Mr. Hale’s involvement in the shooting drew attention because at the time of the incident he was still facing charges from the 2010 fatal shooting of Manuel D. Sanchez but was released from jail in November on “high-intensity supervision.”

    In addition to being charged with kidnapping while armed in the Dec. 29 incident, Mr. Hale is also charged with assault with intent to kill in connection with a shooting three days earlier. According to court documents, Mr. Hale and three others drove in a stolen car to 14th and K streets in Southeast D.C. where they opened fire on a man in a parked car. The four fled to the Eastern Market Metro Station, where surveillance video captured them as they dashed down the station stairs.

    As part of Mr. Hale’s pretrial supervision for the 2010 murder case, Mr. Hale wore a GPS tracking device. Authorities used that to place him at the scene of both the Dec. 26 and 29 shootings.


  15. waldensianspirit
    15 | February 6, 2013 12:55 pm

    Bruce Willis is uber-times smarter than Sylvester Stallone


  16. buzzsawmonkey
    16 | February 6, 2013 12:59 pm

    waldensianspirit wrote:

    Bruce Willis is uber-times smarter than Sylvester Stallone

    So is my Pet Rock.


  17. waldensianspirit
    17 | February 6, 2013 1:00 pm

    @ buzzsawmonkey:
    :mrgreen:


  18. taxfreekiller
    18 | February 6, 2013 1:01 pm

    So, then CNBC is all on board for long term employment of 20 million amnestized illegals too.

    PS

    Shout out to Ronald Reagan:

    Knock, Knock, Knock at our front doors…!

    “Hi, I’m here from the Goverment and I’m here to help with the illegal immigration problem.”


  19. heysoos
    19 | February 6, 2013 1:03 pm

    another donk stronghold circling the drain…I sense a pattern here
    http://www.foxnews.com/politics/2013/02/06/city-baltimore-is-on-path-to-financial-ruin-report-says/?intcmp=HPBucket


  20. RIX
    20 | February 6, 2013 1:04 pm

    @ buzzsawmonkey:
    “Have ya thought about condominiums Rock?”
    “Yo Tony, I don’t use em.”
    Type casting.


  21. taxfreekiller
    21 | February 6, 2013 1:07 pm

    on Chris Kyle.

    The Marine Vet who shot Kyle and his buddy in the back.

    He had been sent by his family to the VA hospital in Ft. Worth.

    He had been to the hospital just days prior to the shootings.

    The guys family was begging the VA to hospitlize the guy.

    VA sent him home over the families wishes.

    VA will not talk about it with the local news people.

    Atty for the kid says it is true the VA said go home.

    Yet the dole checks went out on time to the Obama sit on their ass voters.

    spit


  22. taxfreekiller
    22 | February 6, 2013 1:10 pm

    taxfreekiller messed up brain came up with this

    may be old,, but

    “Lick Morris” gets pink slip from FoxNews.


  23. heysoos
    23 | February 6, 2013 1:10 pm

    The essential pay freeze, however, comes just one year after the Obama administration first pushed for members of the U.S. armed service to pay more for their health care.

    what an insult

    http://freebeacon.com/obamas-war-on-the-troops/


  24. 24 | February 6, 2013 1:10 pm

    citizen_q wrote:

    Mr. Hale’s involvement in the shooting drew attention because at the time of the incident he was still facing charges from the 2010 fatal shooting of Manuel D. Sanchez but was released from jail in November on “high-intensity supervision.”

    This gets back to what I always say about why background checks are nonsense. If theyhadn’t let this thug out of jail, they wouldn’t have had to worry about him getting a gun. Which he was able to do despite DC’s unconstitutionally strict gun control. The gun controllers aren’t interested in crime except insofar as it provides an excuse for their desire for control. They want to go after the law-abiding. They want to make criminals out of ordinary people who don’t comply with their morality. Gun control is not merely stepping on civil rights. It is legislating Leftist morality for all of us.


  25. RIX
    25 | February 6, 2013 1:12 pm

    @ taxfreekiller:
    This is gubment health care.
    It looks like a clear case of rationing due to budgets.
    The VA can be good & not so good, like this.
    When ObamaCare kicks in with all of its obscure mandates
    and rationing people will be shocked.
    The damn thing is Eugenics based & I would argue that
    with my last breath.


  26. citizen_q
    26 | February 6, 2013 1:15 pm

    @ Iron Fist:
    This story seems to be a case study in failure on fronts ranging from gun control to the criminal justice system.


  27. 27 | February 6, 2013 1:20 pm

    @ citizen_q:

    I’m sure you could find an identical story from Chicago, or Detroit. It is Leftist government at work, on display for everybody to see. If that kind of thing got the same air-play that Sandy Hook got, people wouldn’t be screaming for gun control (not that they really are, anyway). They’d be screaming for the heads of the Democrats that brought us such a fucked-up system in the first place. Where’s the Outsider? I’d like to see him defend this system that he wants to impose on the entire nation.


  28. buzzsawmonkey
    28 | February 6, 2013 1:20 pm

    Again, those who yesterday were following the discussion following the article by Rick Moran at PJM, “GOP Realists vs. True Believers,” a tongue-bath for Karl Rove, might be interested in some of the followup.

    Tanker, from this site, weighed in at post #29; at his request, I posted some stuff at #33 and #34, to which some here kindly responded. Later yesterday evening, I threw in another post at #71, which prompted a reply at #73 that leads to a lengthy exchange.


  29. RIX
    29 | February 6, 2013 1:27 pm

    I’m just here to support the president of the United States. The president of the United States is, you know, our boss. But he’s also, you know, the president and the first lady are kind of like the mom and the dad of the country. And when your dad says something, you listen. And when you don’t, it usually bites you in the ass later on. So, I’m here to support the president.
    Chris Rock

    There are enough idiots in Hollywood to accommodate every
    village with an opening.


  30. citizen_q
    30 | February 6, 2013 1:28 pm

    @ Iron Fist:
    Yet the police wonder why few will stand up as witnesses, when murderers are let go, get weapons freely that are denied the law abiding, and are able to continue their criminal activities even while under “high-intensity supervision”.

    One could only imagine what they would be doing if the murderers and other violent criminals they let go would be doing if they were monitored so closely. /


  31. 31 | February 6, 2013 1:43 pm

    @ citizen_q:

    One could argue that in such a setting it is criminally negligent of your own life not to break the law and arm yourself. Of course, criminals have the connections to make breaking the law easier for them than it is for ordinary citizens. I wouldn’t know where to get a machinegun, for example, but your criminal element can get them. The reason you don’ thave more crimes comitted with machineguns isn’t because theya re illegal so much as it is that machineguns aren’t particularly well suited to the types of crimes that are being comitted.


  32. Da_Beerfreak
    32 | February 6, 2013 1:54 pm

    RIX wrote:

    @ taxfreekiller:
    This is gubment health care.
    It looks like a clear case of rationing due to budgets.
    The VA can be good & not so good, like this.
    When ObamaCare kicks in with all of its obscure mandates
    and rationing people will be shocked.
    The damn thing is Eugenics based & I would argue that
    with my last breath.

    There’s no doubt about it. The goal of Obamacare is to kill off the old and sick. Just as abortions have been killing off unwanted babies. A smaller America is a cheaper America…


  33. RIX
    33 | February 6, 2013 1:57 pm

    There’s no doubt about it. The goal of Obamacare is to kill off the old and sick. Just as abortions have been killing off unwanted babies. A smaller America is a cheaper America…@ Da_Beerfreak:

    Exactly right, it’s very Darwinian, except the State will make the selections.


  34. Da_Beerfreak
    34 | February 6, 2013 2:00 pm

    @ RIX:
    Before the scourge of liberalism is cleansed from America, we are going to need a lot more villages… :evil:


  35. citizen_q
    35 | February 6, 2013 2:02 pm

    @ Da_Beerfreak:
    Sebelius: Decrease in Human Beings Will Cover Cost of Contraception Mandate

    Health and Human Services Secretary Kathleen Sebelius told a House panel Thursday that a reduction in the number of human beings born in the United States will compensate employers and insurers for the cost of complying with the new HHS mandate that will require all health-care plans to cover sterilizations and all FDA-approved contraceptives, including those that cause abortions.

    “The reduction in the number of pregnancies compensates for the cost of contraception,” Sebelius said. She went on to say the estimated cost is “down not up.”


  36. Dolphin
    36 | February 6, 2013 2:05 pm

    Doorbell


  37. Guggi
    37 | February 6, 2013 2:05 pm

    @ buzzsawmonkey:

    Although I agree with you in most points I doubt that there is a single heterosexual man out there who is gay “by choice”. I know that many gays claim they are homosexual by choice but they are lying to themselves.


  38. 38 | February 6, 2013 2:07 pm

    @ Da_Beerfreak:

    Smaller is also easier to control, especially when you control the health care system. Want to get rid of gun owners? Make people get rid of their guns to keep their health care access. Make them “voluntarily” waive their Fourth Amendment rights so that their houses are subject to random, unannounced searches, and cut off anybody caught with a gun. Because a gun represents a “health risk”. Control of the health care system means that ultimately the State can decide not only who lives and who dies, but how much pain and suffering you have to endure while you are here. Nanny Bloomberg is already going after pain medication. They want to increase misery. These people are pure evil.


  39. RIX
    39 | February 6, 2013 2:09 pm

    Da_Beerfreak wrote:

    @ RIX:
    Before the scourge of liberalism is cleansed from America, we are going to need a lot more villages…

    Truth.


  40. RIX
    40 | February 6, 2013 2:14 pm

    @ citizen_q:
    Pelosi believes that Abortions will take the pressure off of Social Security
    payouts.
    Of course there will lso be less people paying in.


  41. buzzsawmonkey
    41 | February 6, 2013 2:21 pm

    Guggi wrote:

    Although I agree with you in most points I doubt that there is a single heterosexual man out there who is gay “by choice”. I know that many gays claim they are homosexual by choice but they are lying to themselves.

    Either you misunderstand me, or you have typed “heterosexual” in that first sentence where you meant to type “homosexual.”

    In any event, you are confusing two things; desire and action. Don’t feel bad, though—the gay-rights movement has spent decades working to muddy those two.

    Some people (relatively few) feel homosexual desire strongly, to the exclusion of heterosexual desire. Some feel it intermittently; some, not at all. The question then is, what do they choose to do about it? Will they act on it, or not—just as someone who is habitually attracted to blondes may choose to act, or not, upon being attracted to a redhead? Will the married man choose to act on his attraction to another woman? Who can say? These are choices.

    There are few homosexual men who are incapable of performing with a woman; most choose not to do so—even when a non-habitual attraction does arise—for reasons of internal and external social pressure. Men who regard themselves as heterosexual are capable of performing with, and even being attracted to, other men—prison is a well-known instance of this—because the social mores (and availability) are different from what obtains outside.


  42. Guggi
    42 | February 6, 2013 2:25 pm

    @ RIX:

    Many of those aborted children would never become succesful and would only live a life out of welfare checks. It’s a cynical and racist calculation.


  43. citizen_q
    43 | February 6, 2013 2:33 pm

    RIX wrote:

    @ citizen_q:
    Pelosi believes that Abortions will take the pressure off of Social Security
    payouts.
    Of course there will lso be less people paying in.

    My understanding of the ponzi scheme that is Social Security is that it will fall apart of there are not enough people paying in to support payouts. The number that I remember in this regards is 10, but take that with a grain of salt. OTOH, if you have a program to help the elderly die off sooner, you won’t need so many contributors.

    There are economic advantages for the grabberment on several fronts for us peasants to early and cheaply.

    The only word I have for it is evil.


  44. 44 | February 6, 2013 2:33 pm

    New Thread.


  45. RIX
    45 | February 6, 2013 2:39 pm

    Guggi wrote:

    @ RIX:

    Many of those aborted children would never become succesful and would only live a life out of welfare checks. It’s a cynical and racist calculation.

    Margaret Sanger must be smiling.


  46. RIX
    46 | February 6, 2013 2:40 pm

    @ citizen_q:
    Seriously, Obama & his minions are into herd management.
    We are the herd.


  47. citizen_q
    47 | February 6, 2013 2:45 pm

    O/T wonder what he has to hide?

    Hagel Refuses to Disclose Foreign Funders

    President Barack Obama’s nominee for Secretary of Defense, Chuck Hagel, has informed the Senate Armed Services Committee that he will not provide foreign financial details for the corporate and nonprofit organizations he was affiliated with since he left the Senate in 2009,” reports BuzzFeed.

    Hagel maintains that he has a “fiduciary duty” to keep “confidentiality” of his and his organization’s donors.

    A Senate aide tells BuzzFeed, “Senators are not reacting well to [Hagel's] response.”

    The aide details, “Committee members have specific concerns with regard to foreign contributions to the Atlantic Council by Saad Hariri (or the Hariri family), Dinu Patriciu, Kazakhstan, Bidzina Ivanishvili (his supporters/network) – and the nexus between Chevron’s investments in Kazakhstan and their involvement with Hagel at the Atlantic Council.”


  48. Guggi
    48 | February 6, 2013 2:59 pm

    buzzsawmonkey wrote:

    In any event, you are confusing two things; desire and action. Don’t feel bad, though—the gay-rights movement has spent decades working to muddy those two.

    No, I’m not confusing anything and spare me your arrogance and I wrote “heterosexual” because I meant heterosexual.

    Some people (relatively few) feel homosexual desire strongly, to the exclusion of heterosexual desire. Some feel it intermittently; some, not at all. The question then is, what do they choose to do about it? Will they act on it, or not—just as someone who is habitually attracted to blondes may choose to act, or not, upon being attracted to a redhead? Will the married man choose to act on his attraction to another woman? Who can say? These are choices.

    To compare (homo)sexual orientation with a desire for blondes is disgusting.

    There are few homosexual men who are incapable of performing with a woman; most choose not to do so—even when a non-habitual attraction does arise—for reasons of internal and external social pressure. Men who regard themselves as heterosexual are capable of performing with, and even being attracted to, other men—prison is a well-known instance of this—because the social mores (and availability) are different from what obtains outside.

    Performing sex with someone because of external or internal pressure or exceptional surcumstances (prison) is not the rule and does not codify their sexual orientation.


  49. buzzsawmonkey
    49 | February 6, 2013 3:05 pm

    Guggi wrote:

    To compare (homo)sexual orientation with a desire for blondes is disgusting.

    Why? Reasons, please.

    No, I’m not confusing anything and spare me your arrogance and I wrote “heterosexual” because I meant heterosexual.

    I was not being arrogant; I was trying to understand a sentence that still does not make sense. Perhaps you can take a deep breath, calm down, and explain what you mean.

    Performing sex with someone because of external or internal pressure or exceptional surcumstances (prison) is not the rule and does not codify their sexual orientation.

    Perhaps you can explain this too.


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