Are You Better Off This Thanksgiving Than You Were Last Thanksgiving?

The Economic Collapse by Michael Snyder Are you in better shape financially than you were last Thanksgiving?  If so, you should consider yourself to be very fortunate because most Americans are ; As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions…
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Study: More Homeless Children Now Than Any Point in US History

Common Dreams by Jon Queally A new report on child homelessness in America finds that million children experience homelessness annually. The annual levels of homelessness among children have never been higher in the United States, according to a new comprehensive report released on Monday. Prepared by the National Center on…
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The Real Reason For America’s Collapsing Labor Force

Zero Hedge Back in July we wrote "Slamming The Door Shut On The "Plunging Labor Force Participation Rate" Debate Once And For All", in which we showed, definitively we thought, that contrary to the pervasive and erroneous propaganda, the collapse in the labor force has little to do with the…
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24 Reasons Why Millennials Are Screaming Mad About Our Unfair Economy

The Economic Collapse by Michael Snyder Do you want to know why Millennials seem so angry?  We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the "American Dream".  We told them not to worry about accumulating…
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More “Economic Lies” from “Our” Government: The Latest US Jobs Report

Global Research By Dr. Paul Craig Roberts Just as the German media has destroyed its credibility with lies, the US government is consistently destroying Washington’s credibility both with its own citizens and the rest of the ; Russia and China, the other two significant nuclear powers, no longer believe anything…
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Economic Collapse

Fake Employment Statistics: More Phantom Jobs Created in America, All In The Wrong Places

Global Research by Dr. Paul Craig Roberts Last April I saw a report that 83% of May’s college graduates did not have a ; I remarked that in my day most of us had 2 or 3 jobs or graduate school offers before we ; The latest payroll jobs report…
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Robotics

The Robots Are Coming, And They Are Replacing Warehouse Workers And Fast Food Employees

The Economic Collapse by Michael Snyder There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a ; So what in the world are we going to do…
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Unemployment

Help Me Out Here: The Economics and Math of Sending Checks to the Unemployed

SHTFplan by Jim Quinn Help me out here… “Extending aid to the unemployed is not only the right thing to do, it is also one of the best ways to stimulate economic growth.” That has become a frequent talking point whenever the subject of unemployment compensation is discussed. New Hampshire…
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Unemployment

The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

The Economic Collapse Blog by Michael Snyder Did you know that there are nearly 102 million working age Americans that do not have a job right now?  And 20 percent of all families in the United States do not have a single member that is ; So how in the…
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Unemployment

Almost 3 Times As Many People DROPPED OUT of Labor Force As Joined It

Washington's Blog “Rarely Does A Monthly Report On The United States Job Market Look So Terrific On The Surface While Being So Disappointing Underneath” The New York Times’ Neil Irwin gives a balanced view of the new jobs numbers: Rarely does a monthly report on the United States job market…
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Economic Collapse

It’s An Illusion: Here Are the REAL Unemployment Numbers

SHTFplan by Mac Slavo Mainstream financial pundits are falling over themselves today following a report from the Labor Department indicating that the national unemployment rate has fallen yet again, this time to just The Associated Press, whose report on the new rate is being distributed to news services around the…
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Poverty

17 Facts To Show To Anyone That Believes That The U.S. Economy Is Just Fine

The Economic Collapse Blog by Michael Snyder No, the economy is most definitely not "recovering".  Despite what you may hear from the politicians and from the mainstream media, the truth is that the economy is in far worse shape than it was prior to the last ; In fact, we…
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All The Presidents’ Bankers: The Hidden Alliances That Drive American Power

Zero Hedge The following is an excerpt from ALL THE PRESIDENTS’ BANKERS: The Hidden Alliances that Drive American Power by Nomi Prins (on sale April 8, 2014).  Reprinted with permission from Nation Books. Nomi Prins is a former managing director at Goldman Sachs. NIXON’S BANKERS: When What Was Good for…
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Another Fraudulent Jobs Report

InfoWars by Paul Craig Roberts The March payroll jobs report released April 4 claims 192,000 new private sector jobs. Here is what John Williams has to say about the claim: “The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers…
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Economic Collapse

Almost One Quarter Of European Youths Are Unemployed

Zero Hedge Europe’s scariest chart continues to stun and amaze by its scale even as Europe’s broad unemployment rate has been stagnant at around 12% for 5 months. While Greece and Spain have seen youth unemployment rates drop slightly from record highs (and its clear the disillusionment has meant people…
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Do Not Make Fun Of Those That Have Fallen Out Of The Middle Class – You Could Be Next

The Economic Collapse Blog by Michael Snyder There are millions of American families that once lived very comfortable middle class lifestyles that have lost it ; When you are unemployed and you can't find a decent job, it can crush your ; Every day you can see the disappointment or…
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Obama’s Minimum Wage Hike “Won’t Meaningfully Help Economy”

ZeroHedge The US minimum wage has been a common news topic lately - increasing its sound and fury since President Obama's State of the Union proclamation of a rise in federal employee minimum wages to $ (from $). While obviously a contentious political issue, one question keeps coming up -…
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Millions of Americans Teetering on Edge of Financial Ruin

InfoWars by Kurt Nimmo A poll conducted by NBC News and Marist paints a bleak financial picture for millions of Americans. Nearly 20 percent, more than 40 million Americans, say they have a difficult time making ends meet. Sen. Ted Cruz: Income inequality caused by big government. The poll follows…
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What Caused the Crash In the Labor Participation Rate?

Washington's Blog Workers May Simply Be Giving Up Zero Hedge notes that the number of Americans in the labor force has dropped to 1978 levels: The civilian labor force … dropped from million to million, which means the labor participation rate just dropped to a fresh 35 year low, hitting…
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Employment Recovery? 1,600 Workers Apply For Just 36 Jobs At An Ice Cream Plant In Maryland

The Economic Collapse Blog by Michael Snyder The stock market may be soaring to unprecedented heights, but things just continue to get even tougher for the middle ; In this economic environment, there is intense competition for virtually all kinds of ; For example, more than 1,600 applications were recently…
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Retired Air Force Colonel With Three Graduate Degrees Is Homeless And Sleeps In A Van

The Economic Collapse Blog by Michael Snyder What advice would you give to a retired Air Force Colonel that has three graduate degrees and that cannot even find work as a janitor?  59-year-old Robert Freniere once served as a special assistant to General Stanley McChrystal, and he has spent extensive…
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11 Nasty Trends That Will Test America’s Resilience

The resilience that has long been one of America's remarkable traits was on display in 2013. Not only did businesses create 2 million jobs, but the struggling economy actually grew and profits and stock prices soared to near-record levels. Still, five years into the Obama presidency, the economy is grossly…
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Is America About To Reach A Breaking Point? Anger Grows As Unemployment Benefits Get Cut

The Economic Collapse Blog by Michael Snyder In America today, there are close to 50 million people living in poverty and there are more than 100 million people that get money from the federal government every ; As the middle class disintegrates, poverty is climbing to unprecedented ; Even though…
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Americans React To End Of Jobless Benefits: “I Just Don’t Know What To Do, Except Pray”

ZeroHedge "It's going to put my family and me out on the streets," is a perspective shared by many of the million Americans about to lose their emergency unemployment claims. The program, started during the recession, was intended to help jobless people after they exhausted state benefits, typically lasting six…
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Going Under: Over One Million Lose Unemployment Benefits – Will Hit Five Million By End of 2014

SHTFplan by Mac Slavo Earlier this year government benefits for nutritional assistance were reduced after the expiration of emergency legislation that was enacted following the 2008 financial collapse. Nearly all of the 48 million people receiving food stamp distributions were affected. The move led to warnings from food pantries and…
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Scrooge Saturday: 1.3 million Americans to lose emergency jobless aid

RT Congress went on holiday recess without extending an emergency federal aid program to America’s unemployed, set to expire on Saturday, leaving over one million people in economic dire straits. The federal aid program, which extended $300 per week to the long-term unemployed, helped some million Americans and their families…
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Unemployment Benefits Lapse Severs Lifeline for Longtime Jobless

Bloomberg by William Selway, Freeman Klopott and James Nash Laura Walker, a 63-year-old paralegal, is looking for work, applying for at least three jobs a week since January, when she was laid off. Until today, she could count on $450 a week in federal unemployment benefits for help. Now, those…
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Federal Reserve System CA– USES unpayable debt, unemployment, inflation, high interest rates

Washington's Blog by Carl Herman The Federal Reserve System’s mechanics cause ever-increasing and unpayable debt, unemployment, inflation, and high interest rates. Ellen Brown is right: it’s time to transform the Fed into a public utility. This shift from the Fed being a privately-owned business to maximize its owners’ profits to…
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83 Numbers From 2013 That Are Almost Too Crazy To Believe

The Economic Collapse Blog by Michael Snyder During 2013, America continued to steadily march down a self-destructive path toward ; As a society, our debt levels are completely and totally out of ; Our financial system has been transformed into the largest casino on the entire planet and our big…
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Peripheral Europe’s New Normal: 50 Applicants For One Minimum Wage Job

ZeroHedge While it is arguable whether two instances of the same event are sufficient to indicate a pattern, when it comes to Europe under the New (feudal) Normal we are willing to make a generalizing extrapolation. Recall a week ago when we reported that hours after unleashing a campaign to…
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31.9%: U.S.-Mexico Border City Leads Nation in Unemployment

CNSNews By Ali Meyer The Yuma, Ariz., metropolitan area, which sits on the border, had a percent unemployment rate in October, the highest of any metropolitan area in the country, according to data released last week by the Bureau of Labor Statistics. The El Centro, Calif., metropolitan area, also on…
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The Most Homeless Children In New York City Since The Great Depression

The Economic Collapse blog by Michael Snyder At a time when Wall Street is absolutely swimming in wealth, New York City is experiencing an epidemic of ; According to the New York Times, the last time there was this many homeless children in New York City was during the days…
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1,148,000 Fewer Americans Have Jobs Today Than 7 Yrs Ago

CNSNews By Ali Meyer 1,148,000 fewer Americans held jobs this November than did seven years ago in November 2006, according to data released today by the Bureau of Labor Statistics. Back then, according to BLS, 145,534,000 Americans held jobs. This November, according to BLS, only 144,386,000 Americans hold jobs. That…
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November Payrolls Rise By 203K, Higher Than Expected; Unemployment Rate Drops To 7.0%

Zero Hedge Last month, the expected NFP print was 120K, instead we got 204K. Today, the expectations was 185K, while the print, was almost an identical 203K, even as last month's was revised modestly lower to 200K. The unemployment rate dropped from , which was also below the expected, to…
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Hunger in America

Global Research By Stephen Lendman It’s hard giving thanks when you’re hungry. It’s harder living in the world’s richest country. It’s harder still knowing government officials don’t care. It’s hardest of all wondering how you’ll get by. More below on growing hunger and deprivation. It’s increasing in America at a…
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Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You

The Economic Collapse Blog by Michael Snyder According to a whistleblower that has recently come forward, Census employees have been faking and manipulating employment numbers for ; In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before…
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“It’s Not Just Harder To Get A Job – It’s Harder To Get A Good Job”

ZeroHedge For many in the US, as WSJ reports based on the bifurcated 'recovery' in the US, the recession never ended, "we're still in it feels like like we're still in it and it's getting worse." Simply out, America's jobs recovery is proceeding on two separate tracks - a pattern…
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Record high 91.5 million people not included in labor force

Daily Caller by Caroline May A record high 91,541,000 Americans did not participate in the labor force this October. According to data from the Bureau of Labor Statistics (BLS), 932,000 people dropped out of the labor force last month, from at total of 90,609,000 in September to 91,541,000 in October.…
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Record: Over 47 Million on Food Stamps for Entire Year

Breitbart by WYNTON HALL Food stamp enrollments have remained over 47 million for an unprecedented 13 consecutive months. According to the most recent figures available from the United States Department of Agriculture (USDA), which oversees the food stamp program, in August 2012, 47,102,765 individuals were enrolled in the program, known…
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