There was tremendous excitement heightened and supported by favorable press following yesterday's release of the Bureau of Labor Statistics’ Employment Situation Report. The reason for the thrill, or relief for some, was an estimate showing 192,000 jobs added to the economy in the month of March.
For those unfamiliar with the implications of the BLS' survey results, it’s important to note that the latest jobs added estimate at least approached the number needed to provide jobs for newcomers entering the job market from amongst our native born graduates and increasing numbers of immigrants, legal and otherwise, combined. Having reached a mid-20-million count of graduates from the nation’s colleges, high schools and trade schools since 2009, along with nearly 6 million LPR’s granted green cards, almost 3 million H1-B, refugee and asylee visas combined, and nearly as many migrant border crossers as immigrants who entered the country legally during Obama’s Presidency, the total number needed to provide jobs for growing counts of workforce hopefuls is estimated at somewhere between 220,000 and 240,000 monthly.
In spite of turning in the highest estimated number of jobs added since last November, the number suggests little more than entry-level relief, since it comes up woefully short of restoring the disenfranchised from among the 115 million registrants for unemployment following job losses under Obama’s fitful economy. That number of first time claimants, as they’re known internally at the Employment & Training Administration (ETA), come from distinct, newly filed claims but include a percentage of returning filers after qualifying reemployment held at least 4 1/2 to 9 months, depending on the state, came to an end to allow a distinct new claim. During February, the BLS figures showed 92,534,000 able bodied Americans having been relegated to Not in Labor Force status, nearly 12 million of which were reassigned from the unemployed under Obama’s failed economy.
When Obama took Office, the ETA nationwide employers’ payroll record count showed 133,886,830 Americans in the workforce. After dropping 8.3 million jobs between January 2009 and January 2011, then holding steady for the first calendar quarter of 2011, the economy slowly returned all but 2.95 million of those jobs. The latest ETA count shows 130,938,360. And that’s with nearly 40 million ready, often well-educated and highly-trained newcomers infused into the job market.
So how excited should Americans really be? The BLS offers a range of demographic metrics, and those show some Americans may be benefitting from a modest recovery, while the majority are far from seeing what the Administration and media are trying to sell. Tables A-2, A-3, and A-4 on the March Employment Situation Report are key to understanding who’s benefitting from the jobs added, while a decimated middle class feels little to no relief and abandoned without opportunities to return to work. Worth noting is that the survey-based BLS figures are typically calculated from around, or just over, 50,000 responses from 60,000 contacts made by USCB staff. Strategically selected households are rotated at four month intervals, and the .00016 taking part out of 320 million Americans overall, are supposed to be a representative sample, according to the BLS, at a rate of about 3 out of 20,000 households counted nationwide.
While there won’t be an attempt to analyze what former BLS Commissioner Keith Hall meant when he called the statistics "deeply flawed" in the fall of 2012, a matter of months after leaving, the figures can serve as a barometer able to offer insight into trends. They're from a rather substantial survey, after all, and hold some value even when incredible counts warrant skepticism and concern over accuracy. In this case, Table A-4 may be the most telling. That covers the employment status of the civilian population 25 years and over by educational attainment. Among the notable changes in March were a loss of 226,000 jobs for our nation's best educated, categorized as holding bachelor’s or higher degrees. That includes four-year undergraduate, masters, PhD and advanced professional degrees. Workers with less higher education are counted as having attended some college or holding associates degrees, and they suffered 86,000 jobs lost nationwide. Of course, the ESR indicated jobs were added, so someone must have benefitted, right? Job gains appeared for American workers with high school but no college education to the tune of 277,000, while workforce hopefuls with less than a high school diploma were the apparent lottery winners in March, gaining 409,000 jobs overall.
In case the above results seem counterintuitive for what Americans have long been taught, and sold, for credentials that get no respect, it gets worse. For the first time in years, white Americans reportedly gained 539,000 jobs in a month. Of course, that bizarrely out of sync statistic for a demographic that gained only 948,000 jobs over the previous 11 months, and one that remains down 1,559,000 jobs since Obama took Office in 2009, mostly just makes the survey data and seasonally adjusted figures from BLS statisticians look disingenuous. Hispanics gained 290,000 jobs during March and have been the big winners under Obama adding 3,673,000 jobs 63 months into this Administration's "change you can believe in." Blacks have also gained jobs at rates far more successful than whites, given each groups' percentage in the populace, with 172,000 additional jobs added in March. Since January 2009, blacks have gained 1,227,000 jobs overall, to-date.
The gains of 3.67 million jobs for Hispanics and 1.23 million for blacks, while whites suffered 1.56 million jobs lost, even after March's inexplicable half-million-plus gain, indicates clearly what’s happened to the economy tens of millions have suffered under. Our last census report showed whites counting 72.3% of the population and about 3.5 times the number of unemployed of either minority demographic reported here. Together with the 5.2 million jobs disparity favoring Hispanics and 2.9 million advantage blacks have over white Americans under this Administration through March, basic math shows that Hispanic candidates secured jobs at rates 14 to 15 times more likely to be hired than a white native born applicant, while blacks were about 7 times as likely to be hired. Once again, that data can be paired with education levels showing a verified 20-million-plus count of college graduates since Obama has been in Office, courtesy of the Digest of Education Statistics, and the ugly reality becomes more cruel and skewed, yet.
Maybe the left should rethink its excitement and tone down the braggadocio, because our best educated, and those with skin color lighter than the president's, have been increasingly disenfranchised and punished like never before in our nation's history. For some on the left, that's exactly what they want, while for others it’s a remarkably self-centered, self-serving blindness that says no one else matters, “I've got mine.” Obama has repeatedly referred to payback and told Republicans, along with all who would oppose the Emperor, to go to the back of the bus. My message to liberals is one of caution, because they'll get little say in how the next Republican Administration treats holdouts in opposition who've been downright hostile to conservatives. And they might want to think long and hard, because it's coming soon!!
http://www.ajc.com/news/ap/top-news/more-americans-see-middle-class-status-slipping/nfQfr/
http://finance.yahoo.com/news/benefits-running-options-100001376.html?bcmt_s=p&bcmt=1396555156634-471756d3-0744-4cb2-b6f9-62f4963783eb_00016b000000000000000000000000-f4405d79-917f-43f1-88d2-c65bedb7bd68&_profileOut=comment
For those unfamiliar with the implications of the BLS' survey results, it’s important to note that the latest jobs added estimate at least approached the number needed to provide jobs for newcomers entering the job market from amongst our native born graduates and increasing numbers of immigrants, legal and otherwise, combined. Having reached a mid-20-million count of graduates from the nation’s colleges, high schools and trade schools since 2009, along with nearly 6 million LPR’s granted green cards, almost 3 million H1-B, refugee and asylee visas combined, and nearly as many migrant border crossers as immigrants who entered the country legally during Obama’s Presidency, the total number needed to provide jobs for growing counts of workforce hopefuls is estimated at somewhere between 220,000 and 240,000 monthly.
In spite of turning in the highest estimated number of jobs added since last November, the number suggests little more than entry-level relief, since it comes up woefully short of restoring the disenfranchised from among the 115 million registrants for unemployment following job losses under Obama’s fitful economy. That number of first time claimants, as they’re known internally at the Employment & Training Administration (ETA), come from distinct, newly filed claims but include a percentage of returning filers after qualifying reemployment held at least 4 1/2 to 9 months, depending on the state, came to an end to allow a distinct new claim. During February, the BLS figures showed 92,534,000 able bodied Americans having been relegated to Not in Labor Force status, nearly 12 million of which were reassigned from the unemployed under Obama’s failed economy.
When Obama took Office, the ETA nationwide employers’ payroll record count showed 133,886,830 Americans in the workforce. After dropping 8.3 million jobs between January 2009 and January 2011, then holding steady for the first calendar quarter of 2011, the economy slowly returned all but 2.95 million of those jobs. The latest ETA count shows 130,938,360. And that’s with nearly 40 million ready, often well-educated and highly-trained newcomers infused into the job market.
So how excited should Americans really be? The BLS offers a range of demographic metrics, and those show some Americans may be benefitting from a modest recovery, while the majority are far from seeing what the Administration and media are trying to sell. Tables A-2, A-3, and A-4 on the March Employment Situation Report are key to understanding who’s benefitting from the jobs added, while a decimated middle class feels little to no relief and abandoned without opportunities to return to work. Worth noting is that the survey-based BLS figures are typically calculated from around, or just over, 50,000 responses from 60,000 contacts made by USCB staff. Strategically selected households are rotated at four month intervals, and the .00016 taking part out of 320 million Americans overall, are supposed to be a representative sample, according to the BLS, at a rate of about 3 out of 20,000 households counted nationwide.
While there won’t be an attempt to analyze what former BLS Commissioner Keith Hall meant when he called the statistics "deeply flawed" in the fall of 2012, a matter of months after leaving, the figures can serve as a barometer able to offer insight into trends. They're from a rather substantial survey, after all, and hold some value even when incredible counts warrant skepticism and concern over accuracy. In this case, Table A-4 may be the most telling. That covers the employment status of the civilian population 25 years and over by educational attainment. Among the notable changes in March were a loss of 226,000 jobs for our nation's best educated, categorized as holding bachelor’s or higher degrees. That includes four-year undergraduate, masters, PhD and advanced professional degrees. Workers with less higher education are counted as having attended some college or holding associates degrees, and they suffered 86,000 jobs lost nationwide. Of course, the ESR indicated jobs were added, so someone must have benefitted, right? Job gains appeared for American workers with high school but no college education to the tune of 277,000, while workforce hopefuls with less than a high school diploma were the apparent lottery winners in March, gaining 409,000 jobs overall.
In case the above results seem counterintuitive for what Americans have long been taught, and sold, for credentials that get no respect, it gets worse. For the first time in years, white Americans reportedly gained 539,000 jobs in a month. Of course, that bizarrely out of sync statistic for a demographic that gained only 948,000 jobs over the previous 11 months, and one that remains down 1,559,000 jobs since Obama took Office in 2009, mostly just makes the survey data and seasonally adjusted figures from BLS statisticians look disingenuous. Hispanics gained 290,000 jobs during March and have been the big winners under Obama adding 3,673,000 jobs 63 months into this Administration's "change you can believe in." Blacks have also gained jobs at rates far more successful than whites, given each groups' percentage in the populace, with 172,000 additional jobs added in March. Since January 2009, blacks have gained 1,227,000 jobs overall, to-date.
The gains of 3.67 million jobs for Hispanics and 1.23 million for blacks, while whites suffered 1.56 million jobs lost, even after March's inexplicable half-million-plus gain, indicates clearly what’s happened to the economy tens of millions have suffered under. Our last census report showed whites counting 72.3% of the population and about 3.5 times the number of unemployed of either minority demographic reported here. Together with the 5.2 million jobs disparity favoring Hispanics and 2.9 million advantage blacks have over white Americans under this Administration through March, basic math shows that Hispanic candidates secured jobs at rates 14 to 15 times more likely to be hired than a white native born applicant, while blacks were about 7 times as likely to be hired. Once again, that data can be paired with education levels showing a verified 20-million-plus count of college graduates since Obama has been in Office, courtesy of the Digest of Education Statistics, and the ugly reality becomes more cruel and skewed, yet.
Maybe the left should rethink its excitement and tone down the braggadocio, because our best educated, and those with skin color lighter than the president's, have been increasingly disenfranchised and punished like never before in our nation's history. For some on the left, that's exactly what they want, while for others it’s a remarkably self-centered, self-serving blindness that says no one else matters, “I've got mine.” Obama has repeatedly referred to payback and told Republicans, along with all who would oppose the Emperor, to go to the back of the bus. My message to liberals is one of caution, because they'll get little say in how the next Republican Administration treats holdouts in opposition who've been downright hostile to conservatives. And they might want to think long and hard, because it's coming soon!!
http://www.ajc.com/news/ap/top-news/more-americans-see-middle-class-status-slipping/nfQfr/
http://finance.yahoo.com/news/benefits-running-options-100001376.html?bcmt_s=p&bcmt=1396555156634-471756d3-0744-4cb2-b6f9-62f4963783eb_00016b000000000000000000000000-f4405d79-917f-43f1-88d2-c65bedb7bd68&_profileOut=comment
