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Friday, October 3, 2014
Unemployment drops, but it’s still really bad news
The occupant of the Oval Office is bragging now that unemployment dropped to 5.9%, the lowest since the summer of 2008. This is great deception. As pointed out by Tyler Durden of zerohedge.com, “for those curious…the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% – the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!”
The Bureau of Labor Statistics does not count people who no longer are looking for a job as unemployed. Last month, the number of Americans no longer in the workforce rose to a record 92.6. These are folks who couldn’t find a job and gave up looking, or decided to retire. So when you hear those politicians toot their horns on jobs by saying unemployment has dropped during their tenure, don’t stand too close–their noses may grow so fast you may get injured. Unemployment is going down because people are no longer counted in the workforce–not because they got a job. In fact, the federal and state governments employ over 8 million people–5% of the participating workforce.
Connecting the dots between statistics from the Bureau of Labor, Commerce Department, and Health and Human Services reveals big trouble. The total available labor force is 246.8 million. Only 154 million are participating in the workforce. Over 92.6 million have given up on having a job. Some 9.8 million of the 154 million are unemployed. Total unemployment, therefore, is over 41% or approximately 102.3 million people, roughly a third of the US population. As of January 1, over 65 million were receiving Welfare, Food Stamps or Unemployment. So we have over 144 million people (the employed labor force) supporting over 65 million plus another 37 million teetering on the edge of government assistance. All of us who work are essentially supporting our own family AND someone else’s who doesn’t work.
In Luke 10:7, Jesus said “the laborer is worthy of his wages.” 2 Thessalonians 3:10 says, “…if any would not work, neither should he eat.” Solomon wrote in Ecclesiastes 3:13, “…every man should eat and drink, and enjoy the good of all his labor, it is the gift of God.” Even after the Lord returns, people will, as shown in Isaiah 65:21-23, “They shall build houses, and inhabit them; and they shall plant vineyards, and eat the fruit of them. They shall not build and another inhabit; they shall not plant and another eat: for as the days of a tree are the days of my people, and mine elect shall long enjoy the work of their hands. They shall not labor in vain.” Socialism is against God’s plan for your life. Don’t be deceived by liars figuring.
Have a Blessed and Powerful Day!
Bill Wilson
For God’s Glory Alone Ministries thanks Bill Wilson and www.dailyjot.com
