Welcome to Eternal Poverty
- Some 7.2 million jobs have already been shipping out of the U.S. and household income is down by 27.8%.
- The importation of tens of millions of legal and illegal aliens is seeing the deliberate distruction of the American Middle Class by the open borders Republicans and Democrats. The goal is to drive down wages for their corrupt Masters on Wall Street who finance their campaigns.
- And the American Sheeple keep voting for these bastards because they have that magic "R" and "D" after their names.
(Associated Press) - Thursday's monthly jobs report from the government showed that employers added a solid 223,000 jobs in June and that the unemployment rate fell to 5.3 percent from 5.5 percent in May.
The unemployment rate didn't fall in June because more people were hired. The rate fell solely because the number of people who had become dispirited and stopped looking for work far exceeded the number who found jobs.
Fewer than 39 percent of 18- and 19-year-olds are employed, down from 56 percent in 2000. For people ages 20 to 24, the proportion has fallen to 64 percent from 72 percent.
- The number of part-timers who would prefer full-time work remains high.
About 6.5 million workers are working part time but want full-time jobs, up from 4.6 million before the recession began. This is partly a reflection of tepid economic growth. But economists also point to long-term factors: Industries such as hotels and restaurants that hire many part-timers are driving an increasing share of job growth, researchers at the Federal Reserve Bank of San Francisco have found.
U.S. workers are competing against lower-paid foreigners. And automation has threatened everyone from assembly line workers to executive secretaries.
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So you could no longer hear the truth, the Republicans and Democrats banned Ross Perot from the 1996 Presidential debates. And the Sheeple keep voting for their Masters.