Latest Unemployment Statistics Paint A Misleading Picture

In this video, Ethan discusses the latest unemployment report from the United States Department of Labor, Bureau of Labor Statistics (BLS), dated December 5, 2014.

The headlines in media and pundits all over were touting the huge success of this report with a number of 321,000 new jobs. While getting Americans working in full-time jobs is something worth celebrating, the truth is different from the 321,000 number.

In reality the numbers look like this: 119,000 new people entered the labor pool, 115,000 people lost their jobs, the number of full-time jobs decreased by 150,000, and part-time jobs increased by 77,000. Not as good as the headlines is it?

The U-3 official unemployment rate stayed steady at 5.8%. 321,000 new jobs but unemployment stayed the same? That’s because the net new jobs was only 4,000.

That official unemployment number never tells the true story anyway. They don’t want to scare the masses and speak the truth. You CAN handle the truth. The truth is the U-6 unemployment number. The U-6 unemployment rate is 11.4% or 1 in 9 Americans.

According to the BLS, U-6 is total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.

What that means is that 1 in 9 Americans either can’t find a job for the past 27 weeks (the number in U-3), can’t find a full-time job only part-time, or have fallen out of the stats because they have been looking longer than 27 weeks.

Not quite the rosy picture now, is it? What are the politicians doing to reduce red-tape, streamline bureaucracy, allow innovation to flourish, and simplify the tax code thus vaulting the United States to the top of business competitiveness?

Later in the video, Ethan covers some of the fallacies of the massive lithium-ion battery because of the sources of lithium.

Work

The Ethan Bearman Show

  • What do we know about the unemployment numbers
  • President Obama sends bundlers jobs
  • Post Office may fund itself
  • Sochi Winter Olympics are on with new sports
  • Scared of this winter yet?
  • Interview with Jonny Ferrari, managing director of the National Poker Tour

Tune in to The Ethan Bearman Show, Sundays 7-9 pm Eastern, 6-8 pm Central, 5-7 pm Mountain, 4-6 pm Pacific on your favorite talk radio station or online

The studio number to call-in during the show is 1-800-259-5791 or email me radio@ethanbearman.com

If your local station doesn’t carry the show yet, please be sure to call and ask for them to broadcast The Ethan Bearman Show on Sunday evenings!

Click HERE for a complete listing of affiliates and ways to listen to the shows

Devastated

The Ethan Bearman Show

Tune In Today!

– Typhoon Haiyan might be the strongest storm ever recorded
– The unemployment numbers don’t look as rosy as we are told
– Even more fines against BofA for hustling
– Is the Twitter IPO another sign of tech bubble 2.0?
– Remember the Edmund Fitzgerald and Veteran’s Day!

Tune in to The Ethan Bearman Show, Sundays 7-9 pm Eastern, 6-8 pm Central, 5-7 pm Mountain, 4-6 pm Pacific on your favorite talk radio station or online at http://goo.gl/3Bbb

The studio number to call in during the show is 1-800-259-5791 or email me: radio@ethanbearman.com

If your local station doesn’t carry the show yet, please be sure to call and ask for them to broadcast The Ethan Bearman Show on Sunday evenings!

Click HERE for a complete listing of affiliates and ways to listen to the shows

Did It Collapse?

The Ethan Bearman Show

Listen To The Show Today!

Listen to my interview with Adam Leipzig, author of Inside Track For Independent Filmmakers, publisher of Cultural Weekly, former President of National Geographic Films and Disney executive as we discuss his latest from CEO magazine and more.

  • Egypt military coup, is this the end of the Muslim Brotherhood?
  • The latest job numbers
  • Everyone is snooping on everybody in pretty much every way possible

I’ll also interview Dr. Tommy Sowers, Assistant Secretary for Public and Intergovernmental Affairs for the United States Department of Veterans Affairs

Tune in to The Ethan Bearman Show, Sundays 4-6 pm Pacific, 5-7 pm Mountain, 6-8 pm Central, 7-9 pm Eastern on your favorite talk radio station or online at http://goo.gl/3Bbba

The studio number to call in during the show is 1-800-259-5791 or email me:  radio@ethanbearman.com

If your local station doesn’t carry the show yet, please be sure to call and ask for them to broadcast The Ethan Bearman Show on Sunday evenings!

Click HERE for a complete listing of affiliates and ways to listen to the shows

Genesis Communications Network

Interview with California Senator Bill Monning

Senator Bill Monning

Today on KSCO Presents I had the pleasure of interviewing California State Senator Bill Monning. He is a Democrat representing the 17th District which is a large area along the Central Coast.

Pleaseclick HERE for the interview which you can listen to online or download the mp3 file.

Here are references for data I presented to Senator Monning:

Global report on Fukushima nuclear accident details health risks

California EDD Unemployment Data

The American Journal of Clinical Nutrition

Princeton researchers find that high-fructose corn syrup prompts considerably more weight gain