Closed Markets, Employment Data

So:  Our first question this morning is “If this is Good Friday” why are the rest of us at work?

Must not be such a good Friday, after all.

First batch of data out is the March Unemployment report.  Thanks to separation of Church and State, government offices at the Federal Level are open, although a few cities around the country actually have closed offices.  Example:  Tarrant County Texas offices are closed – they also take off Cesar Chavez day as part of their 12-holidays off this year.

Being self-employed, my employer sucks.  I can’t remember a day off – even on the cruise ship in February… But back to point.  (Aw, do we have to?  YES!)

“Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs.

Household Survey Data In March, the unemployment rate held at 5.5 percent, and the number of unemployed persons was little changed at 8.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.8 million, respectively.

Our usual summary of the “real deal” of what’s going on in employment goes like this…

1.  Of the payroll increase of 126,000 jobs, 823,000 jobs were simply “estimated into existence” by the CES Birth/Death Model.

2.  The Labor Participation Rate dropped to 67.2% – so down another tenth there.

3.  The absolute number of people working was up only 34,000.

4.  Goods producing jobs sank another 13,000 for the month.

5.  Average weekly earnings dropped 6-cents.

So, if you’re thinking “recovery” change your thinking to “rehab.”

Haves and Have Nots

As we’ve been preaching (but not enough to get an IRS tax exemption, dammit) the Rich are getting Richer and the Poor are getting Poorer.  Here’s an official report that sums it up.  Only the top 20% got ahead…the rest got behind.

And here’s a real gem for you:

Healthcare spending rose to $3,919 for July 2013 through June 2014. The level for spending for healthcare has increased every year since 1996. The most recent increase was driven by a 20.1 percent increase in health insurance expenditures.

So now we have to start asking the Labor Department why this isn’t showing up in the Cost of living date which alleges 1.8% and 3.9% increases for healthcare?

Want to know why I sulk and scowl so much?  Here you go – numbers that don’t tie together worth a crap.  Hand me the ViseGrips.

Greece Has the Right Idea

Nationalize the banks – kick the moneychangers out of people’s lives.

This is a dandy study of national IQ levels:  Icelanders seem to be thought leaders, followed by the outspoken Irish, but the Greeks are coming along, too.

Germans are too dumb to rise up against Merkel for accepting the US continuing to hold Germany’s gold hostage…but maybe over time, they’ll wise up, too, when the Euro crumbles a bit more.

Quick!  Look Surprised Dept:  The US Lying?

The headlines this morning have it that the US is lying about the pending nuke deal (sell-out) to Iran.

However, other media reports are putting on the smiley-faces about this saying things like an “initial deal” has been reached.  But when comes down to it, this is all face-saving political bullshit because it doesn’t address things like hostages.

While the Iranians keep spinning the centrifuges, el presidente is talking about wanting to visit Tehran before his shtick at the WH ends.  I figure it would make a fine retirement spot…Iran is already bragging about  concessions.

Israel is going nuts and all the while (straight-faced) Obama maintains that this is the best course on Iran.

Of course, any idiot – like Ures truly – can see what’s going on:  Russia is arming the Iranians and we’re arming the Israelis and the next global war will be largely what’s been in the history books about prophesy forever.

Armed to the hilt, the Sunnis and the Shi’ite will go nuke, about the same time CERN will bend up reality, and the whole crapperee of a world ends like a bad sci-fi flick.

Speaking of Which

I’d like to thank Madison Ave. Mike who runs a big jewelry outfit in NYC on guess which street, for sending me the latest apocalyptic predictions out of Israel about what today’s blood moon, eclipse, and Good Friday bring with them.

Nice, huh?  Even if half right, it’s still end of economics as we knew it…

Look Surprised #2

Love this headline:  Ex-IRS ethics office lawyer disbarred for … ethics violations

A Link from Oilman2

“Why simpler is more robust – even if not highest efficiency.”

And, as I am constantly pointing out, with more robotics and more software there are fewer jobs so we blow up the business model.

Wouldn’t be the first time, though, see the previous Depression which explains what excess debt and such needs to be wrung out of the system.

Police State Notes

They’re baaack!  Department of Homeland Security is pressing for a nation-wide license plate surveillance system.

I’ve got mixed feelings on this:  Part of me gets it – neato crime fighting tool (but so is putting everyone in prison

But the other part says what about the Constitution and prevention of unreasonable search and seizure and….Hey:  How come corporations are running prisons for profit…WTF?

But then again, when we fly our old plane somewhere, that’s tracked…so am I paranoid or…or….

Should an innocent man fear his government?  Well, now that you mention it…

A Senator to the Rescue?

I almost couldn’t believe my eyes  when I saw this – and you might not, either: “Sen. Mike Lee rips Supreme Court, Congress for ‘subversion’ of Constitution.”  RFO.  (explained, DEF.2)

Go buy it: Our Lost Constitution: The Willful Subversion of America’s Founding Document

And then live it…

Don’tcha know the insiders will hate him for writing it?


Closed Markets, Employment Data — 9 Comments

  1. Certainly any discussion regarding privacy and our lost constitution is timely and popular today. Many blame government, bureaucracy, big biz, etc. And it seems so right to pick on them most of the time. OK, all the time…. But who complains about our citizens, the electorate, our neighbors and families?

    It pains me to say it but they are the problem not politicians, big government or big biz. The citizens of America as a group are too satisfied, fat, dumb, drugged out and/or otherwise happy with the status quo to care about what happening to this country. Look around folks and fear what you see because most of those people will not scream for change until their lifestyles are broken and then they’ll back any hack for office who promises to give it all back to them. This is why corrupt politicians run roughshod over the country. They know there will be no consequences because no one wants the pain associated with doing what’s right. It’s a me, me, me, me world now. How do you fix that? And if we can’t fix that, don’t expect any other changes anywhere.

  2. What is the problem living without a Constitution? I live within the 100 mile Constitution free zone. We are kept safe by massive surveillance systems,and have several safe houses, a.k.a “prisons” if you have any problems. Life is good!

  3. You know I have to weigh in on the blood moon BS. Many bad things have happened to Israel when there was no total lunar eclipse. Sadly, 87% of the people voting on the story believe its true. Its not. This is not the red moon of revelation. For it to be so, it would have arrived before the other prophecies were fulfilled. If that happened, the prophecies and revelation would be false. Hang in there and let the nut jobs pass.
    This is mostly a way for false prophets to sell books and scare people into following them, don’t be one of them.

    Chris, The Chronicle

  4. George, I believe you have your Beechcrate ” tracked” because you probably filed a flight plan. Don’t need to, you know. With the new toys Sportys et al sell to replace the creaky old 121.5 ELTs you can have S&R sniffing over your downed craft before you can say “Ooopps”. Depending upon your flight path and altitude you don’t even need to turn your transponder on. A Sat phone is a great Plan B, if it — and you — survive.

    • The reason we get tracked is that we voluntarily participate in the Flight Following program.

      This keeps us advised of all other traffic at our altitude/vincinity – and it’s in addition to the live cockpit display of the ADS-B unit.

      We could squawk 1200 on the exponder and forget the class b airspace but that’s where the primo facilities (and good rests.) are, lol.


  5. <> Huh? I think you’re trying to conflate your rights to privacy in your home and the fact that you have no right to avoid being observed on a public roadway. Why not argue that having a license plate at all impinges on your privacy?

    • I’m not real happy with license plates. Which is another form of control. Targeting out of state plates in common and I already paid my portion for the highway with the gas tax…
      Also, thanks to plates, I no longer have a TITLE – only a certificate attesting to a title SOMEWHERE – but Lexus hasn’t been able to provide it and neither has the bank.

  6. Healthcare 3.9%?!?!?! My husband says the floating decimal must be broken on their calculator. His healthcare plan went up incrementally 21%, 18% and 250% over the past three years, year over year, or 289% from $131 to $499 over the three-year span since Obamacare kicked in. Alas, we canceled it at that point. So much for “affordable healthcare”, my a$$.