Saturday, December 28, 2013

The Jobless Recovery: What the Media Isn't Telling You

As I said before, often the mainstream media doesn't report the whole truth of what is going on in our country. While they may be aware that we are still coming out of a recession, the media reports that unemployment is around 7 percent nationwide. The truth is that our unemployment is closer to 23 percent according to government shadow statistics.
The 7 percent number makes things not sound as bad right? Well that's because it doesn't include people who have been out of work for more than a year, those in part-time positions who’d prefer full-time jobs and people who are so discouraged that they’ve stopped looking for work. This is the lie that the media is telling you.

What you haven’t heard is jobless claims unexpectedly went up 40,000 more than expected last week. Initial claims were at a seasonally adjusted 379,000 according to the Labor Department. That is the highest level since march and it was the second straight week that claims have risen.

Additionally, More than 4.4 million people received unemployment benefits in the week ended Nov. 30, the latest data available. That was 600,000 more than the previous week. The majority of recent college graduates cannot find work in their field, and many who are often are underemployed.

For those who are job hunting, many are ending up at temp agencies, hoping somehow to get enough money to pay next month's rent. But that'll be one more job added to payrolls next month, when that college grad starts temping for 9 dollars an hour.

To top it off, congress was the least productive it has been in decades, and is considered to be the worst ever according to a recent CNN poll. Between government shutdowns and debt ceiling debates it's clear that our leaders aren't focused on helping us.

So what has the media been focused on? Well let's see, Mega Millions, Duck Dynasty, Miley Cyrus, not to mention the whole Black/White  Santa scandal, all of which the CNN, MSNBC and FOX News have spent countless hours debating, discussing and picking apart every detail.

We need to wake up to what is going on in America, unemployment and underemployment are much higher than we are being told, and there must be further discussion on what can be done to solve these problems by the media and our leaders.