economic-lies

Economic Disinformation Keeps Financial Markets Up – Paul Craig Roberts

Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are. Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe these are home and building repairs and remodeling. The rest of …

fredgraph

Unemployment Report Shows Labor Force Drop Outs At Record High

The March unemployment rate remained the same, yet once again the BLS survey showed another huge increase in those not considered part of the labor force anymore and as a result the figure hit a record 93.175 million high.  The official unemployment rate is 5.5%.  The labor participation rate is also 62.7% and remains at 37 year record lows.  From …

food inflation

Food inflation on the rise – list

If you’ve read any economic news lately, you’ve probably been treated to a host of stories touting a “strong” U.S. recovery, really low unemployment, and very little inflation. And, if you’re like most working class Americans, you’ve probably read those stories while shaking your head in disbelief and wondering if the writers are talking about people in another country. Yes, …

racial drug disparity

‘Black America in Crisis’: Report Shows Troubling Racial Disparities Across US

“The state of Black America is in crisis—and we see justice challenged at every turn.” Its findings, said Marc Morial, president and CEO of the National Urban League, “are a clarion call that a more comprehensive, inclusive and on-the-ground recovery is necessary to ensure a healthy future for our nation and that we cannot expect to successfully move forward when …

sgs-emp

Real U.S. Unemployment Rate at 23.2%, not 5.5%

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers. The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) …

police

Private Police: Mercenaries for the American Police State

“Corporate America is using police forces as their mercenaries.”–Ray Lewis, Retired Philadelphia Police Captain It’s one thing to know and exercise your rights when a police officer pulls you over, but what rights do you have when a private cop–entrusted with all of the powers of a government cop but not held to the same legal standards–pulls you over and …