August 2010 Employment Numbers: Economy 200,000 jobs short of breakeven point – Unemployment rises to 9.6%

McAuley’s World Comments in Blue:

Companies add 67K workers, but jobless rate rises             AP

Thousands of Job Seekers Attend Job Fair In Detroit (Aug 2010)

WASHINGTON – Private employers hired more workers over the past three months than first thought, a glimmer of hope for the weak economy ahead of the Labor Day weekend. But the unemployment rate rose because not enough jobs were created to absorb the growing number of people looking for work.

Companies added a net total of 67,000 new jobs last month and both July and June’s private-sector job figures were upwardly revised, the Labor Department said Friday. [See my comments below]

Stocks surged after the report’s release. The Dow Jones industrial average rose more than 100 points in afternoon trading and broader indexes were all up. [Yes, after it was reported that 67,000 “net jobs’ were added and not lost … as was expected … wait until Tuesday when the vacation has ended and people return to their offices and digest the “true story” … please read on] ….

….. Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. For the first time this year, the manufacturing sector lost jobs, down a net total of 27,000 for the month….

http://cbs5.com/wireappolitics/Companies.add.67.2.1894681.html

“Companies added a net total of 67,000 new jobs last month”…. no wait“Overall, the economy lost 54,000 jobs”… you cannot have a “net total increase” and “Overall, lose jobs” at the same time.

 Private companies “allegedly” added 67,000 jobs – there was no “net increase” as the economy, as a whole, lost a “net” of 54,000.

Remember that today, when the press and the Obama Administration claims that jobs have been “added”, the number includes the new “saved or created” concept. After all the numbers were “crunched”, including all the claims of “saved or created” … the economy lost a total of 54,000 jobs in August, there was “zero net jobs gained”. The net loss of 54,000 jobs includes the 67,000 jobs that were allegedly saved or created. But for the claim that there were 67,000 jobs “created or saved” the economy would have lost 114,000 total jobs in August. Once again, there was zero “net job increase” in July 2010.  

 The United States needs to “create” a minimum of 150,000 new jobs, “actual jobs” as opposed to imaginary or “virtual” jobs, each and  every month, to maintain an “employment equilibrium” – to have the economy keep pace with new workers entering the workforce – to have “zero change” in the unemployment rate – no increase – no decrease.  If employers eliminate jobs, the economy must create and equal number of new jobs, in addition to the 150,000 jobs needed to accomodate the new workers entering the work force, just to break even. The U.S. economy needed to create at least 1.2 million new jobs between January and the end of August 2010 to maintain an “employment equilibrium” for 2010. (8 months x 150,000 per month = 1.2 million). We are at least ½ million new jobs short of “employment equilibrium” for 2010 (even when we count all of the claimed “saved or created” nonsense jobs).

Query: With a short fall of ½ million new jobs to date in 2010, ½ million jobs short of keeping pace with new workers entering the workforce, never mind creating jobs to replace those jobs that have been lost, why hasn’t the unemployment rate changed (increased) since January 2010?  The January 2010 unemployment rate was 10%, today the Obama Administration claims our unemployment rate is 9.6%. If we haven’t created enough jobs to maintain an “”employment equilibrium” with the new workers entering the work force, how did our unemployment rate drop?

Example: In August 2010 the economy needed to create 150,000 new jobs to stay even with the number of new workers entering the work force. The economy actually lost 54,000 jobs …. so in August 2010 the economy was a total of 204,000 jobs short of breaking even ( 150,000 new workers entering the work force plus 54,000 jobs that were lost  in the month …).  

 The shortfall of ½ million new jobs means that the economy fell 40% short of creating enough jobs to maintain an “employment equilibrium”, never mind creating enough new  jobs to reduce the unemployment rate.

How has the Obama Administration kept the unemployment rate from rising? (How is the Obama Administration cooking the books?).

1). For every “new worker” who enters the economy without a job being created for them, the Obama Administration claims that 1 unemployed worker gives up their job search and leaves the work force. This is a fraud, but it manufactures  a false “employment equilibrium” for the press to report.

2). When the Obama Administration claims to “save” a job, the “save” can be a monthly event – a single individual working for a single employer can have the same job “saved” up to 12 times in a year. Not 12 jobs, 1 job 12 times. When 12 jobs are lost you cannot create a true “employment equilibrium” by saving 1 job 12 times, because that still leaves 11 unemployed people.

 Do I smell something burning… are those numbers done yet … shouldn’t someone stop cooking the numbers and look for some real solutions?

While I was reading various blogs today I noted an amazing number of wild claims about unemployment during G. W. Bush’s Presidency … these are the true facts and not some wild political claims:

Average Annual Unemployment Under G.W. Bush – all 8 years – 5.2 %

Highest Annual Unemployment Rate During G.W. Bush: 5.99 (2003)

Lowest Annual Unemployment Rate During G.W. Bush: 4.61 (2007) Just before the Democrats took over Congress …

B. OBAMA’S ANNUAL UNEMPLOYEMNT RATES:       2009   –  9.2%

                                                                                      Jan – Aug  2010   –  9.6%      

http://www.miseryindex.us/urbyyear.asp

Mexican Army Kills 25: Army’s Firefight with Zetas Cartel in Monterey, Mexico

Former Presidential Candidate Luis Donaldo Colosio: Assassinated 03/24/1994, Tijuana, Baja California

MONTERREY, Mexico — Soldiers killed at least 25 suspected cartel members Thursday in a raid and gunbattle in a Mexican state near the U.S. border that has become one of the most dangerous battlegrounds in the country’s drug war.

A military aircraft flying over Ciudad Mier in Tamaulipas state spotted several gunmen in front of a building, according to a statement from Mexico’s Defense Department.

When ground troops moved in, gunmen opened fire, starting a gunbattle in which 25 suspected cartel members died, according to the military. The statement said two soldiers were wounded.

Authorities rescued three people believed to be kidnap victims in the raid, according to the statement. The military said troops seized 25 rifles, four grenades, 4,200 rounds of ammunition and 23 vehicles.

Earlier, a military spokesman said the gunmen were believed to be on a property controlled by the Zetas, who started out as a gang of drug assassins but have since evolved into a powerful cartel.

Some local media reported 27 suspected cartel members were slain, citing unnamed police officials.

Violence has surged in northeastern Mexico this year since the Zetas broke ranks with their former employer, the Gulf cartel, resulting in a flare-up of drug violence in Tamaulipas.Last week, marines discovered the bodies of 72 Central and South American migrants believed to have been gunned down by the Zetas after refusing to work for the cartel, in what may be the deadliest drug gang massacres to date. The migrants’ bodies were discovered at a ranch about 100 miles (160 kilometers) from the U.S. border in Tamaulipas.

Five days later, the mayor of the Tamaulipas town of Hidalgo (Marco Antonio Leal Garcia), bordering Nuevo Leon state, was ambushed and killed in his car in an attack that also wounded his four-year-old daughter.

In June, gunmen ambushed and killed the leading candidate for state governor a week before regional elections. And in May a mayoral candidate in Tamaulipas was assassinated.

Drug violence has claimed more than 28,000 lives since President Felipe Calderon intensified a crackdown on cartels after taking office in late 2006.


http://www.washingtonpost.com/wp-dyn/content/article/2010/09/03/AR2010090300773.html

Hidalgo Mayor Mayor Marco Antonio Leal Assassinated by Cartels 08/30/2010

Cartel Member Killed in Firefight

Over the weekend, 17 people were injured in four separate bomb attacks in Tamaulipas in just 24 hours.

The explosions appeared to target places connected with an investigation into the killing of 72 foreign migrants whose bodies were found on a ranch in the state on 25 August.

The 58 men and 14 women were from South and Central America. They had been trying to reach the US, and were believed to have been killed by members of the Zetas gang.

Shortly after the grim discovery of their bodies, Roberto Suarez, the detective leading the investigation into the mass slaying, went missing, along with a police officer he was travelling with.

The rising violence has led to growing criticism of President Felipe Calderon’s military crackdown on Mexico’s drug gangs. Opposition groups say the crackdown, which began three and a half years ago, has done nothing to stop the flow of drugs to the US.

In his state of the union address on Thursday morning, the president admitted the violence was worsening but defended his approach, saying the cartels were being weakened.

“The capture or killing of important criminal leaders has made the crime organisations more desperate,” Mr Calderon said.

“It is an ever more bloody war between organised crime groups fighting for territory, markets and routes.”

Mr Calderon insisted the fight had to go on.

Rodolfo Torre Canto: Gubernatorial candidate assassianted by cartels

“If we want a safe Mexico for the Mexicans of the future, we must take on the cost of achieving it today,” he said.

More than 28,000 people have died in drug-related violence in Mexico since Mr Calderon ordered the army and federal police to fight the cartels in 2006.

http://www.bbc.co.uk/news/world-latin-america-11173279

 

 

List: Mexican Election Campaign Killings

June 28, 2010

Rodolfo Torre Cantú – Institutional Revolutionary Party (PRI) candidate for governor of Tamaulipas.
Enrique Blackmore Smer – local representative and general coordinator of Rodolfo Torre Cantú’s campaign.
Rubén López – member of Rodolfo Torre Cantú’s entourage.
Gerardo Sotero – escort for the gubernatorial candidate.
David Castelo – escort for the gubernatorial candidate.
Dante Quiroz – escort for the gubernatorial candidate.
Aurelio Balleza – escort for the gubernatorial candidate.
Alejandro Martínez – Rodolfo Torre Cantú’s private secretary.

Mayor Edelmiro Cavazos of Santiago Kidnapped & Murdered 08/18/2010

June 26, 2010

Pedro Brito Ocampo – National Action Party (PAN) manager in the Guerrero state municipality of Heliodoro Castillo. His body, found in an abandoned house, had 40 gunshot wounds.

June 19, 2010

Jesús Manuel Lara – 48 year-old Institutional Revolutionary Party (PRI) mayor of Guadalupe Distrito Bravo, Chihuahua, died in a house in the Santa Teresa neighborhood of Ciudad Juárez when a group of gunmen burst in and shot him.

May 21, 2010

Jorge Rogelio Ortega Ortega – Institutional Revolutionary Party (PRI) associate helping with the political campaigns, gunned down by heavily armed men riding in a Ranger pickup.

May 13, 2010

Mario Guajardo Varela – National Action Party (PAN) candidate for mayor of Valle Hermoso, Tamaulipas, his son, Luis Mario Guajardo Adame, and an employee named Fernando Treviño, were executed by three hitmen inside an agricultural supply store.

March 17, 2010

Sótico Silvestre López – Democratic Revolutionary Party (PRD) manager in San Andrés Huaxpaltepec, a municipality on the coast of Oaxaca, was gunned down by a group of assassins.

http://www.borderlandbeat.com/2010_06_01_archive.html

Former Senator & Mexican Presidential Candidate Fernández de Cevallos Kidnapped from his home 05/15/2010

 

Juan Antonio Guajardo Anzaldua, Former mayor of Rio Bravo, 2 AFI Agents assassinated 

A memorial of flowers and candles took up yards of sidewalk Friday near the bullet-riddled cafeteria where a former mayor who had promised to rid this city of drug corruption was gunned down the previous day. Juan Antonio Guajardo Anzaldua, a father of four, would have turned 49 on Friday. He was shot dead at 5:38 p.m. Thursday at his family-owned restaurant, along with two bodyguards and three other people.

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