UNEMPLOYMENT rate in US tops Great Depression in new report ...

From: Angry Unemployed Mob (angry_unemployed_mob_at_yahoo.com)
Date: 06/04/04 

Date: 4 Jun 2004 13:46:44 -0700

THE HANDS OF FOREIGNERS [AND THE GLOBALIZED
AMERICAN ELITE) IS WHAT IS BEING PUMPED BY
MR. GREENSPAN.

What I am saying, without shouting, is that the boost in Fed Reserve
M3 is to replace credit buying and to troll the bottom for
deals after the credit collapse forces the middle class to
liquidate all land, capital, and other marketable valuables
they have lying around etc.

It may be argued that the the FED may be seeking to make
voters feel better by money illusion -- but again the voters
by and large are not getting any of this liquidity (although the
donors are! is this a payoff , a quid pro quo?

SEE TODAY'S CRITICAL DOL REPORT --- SCROLL DOWN PLS ...

Also, the Fed may be giving corporations (remember the
money supply is increased when the Fed buys securities
paying with deposits (new reserves) upon which investment
bankers who float loans to corporations), as I was saying,
the Fed may be giving corporations extra liquidity under
the necessity of corporations needing extra bidding power
to bid productive capacity away from domestic uses
(food, clothing, medical, education, transportation,
infrastructure, public services, small business investment
to replace what has worn out etc. -- to bid productive
inputs away from these uses and devote them to killing
Arabs and Americans and running the warfare police state.)

They are foreclosing us -- probably because they always intended to,
but also because too many of us now know too much to allow us
to continue with the threatening power of middle-class incomes
and holdings."

*** Eastman
Yakima, Washington

==================

DOL

Employment Situation Summary

Technical information:

   Household data: (202) 691-6378 USDL 04-996

           http://www.bls.gov/cps/

   Establishment data: 691-6555 Transmission of material in this
release is embargoed until 8:30 A.M. Friday, June 4, 2004.
                    
(EDT),

           http://www.bls.gov/ces/
Media contact: 691-5902
                                        
                       THE EMPLOYMENT SITUATION: MAY 2004
                                        
 
Unemployment ("Household Survey" Data, i.e. a temp company working for
the US government called 5000 homes randomly and asked if they are
sitting around their house without job and just screwing off like
wastrels. Nearly everyone replies to such a poll, "I've got more work
than i can manage").
   
   The number of unemployed persons was essentially unchanged at 8.2
million in May.
   
Total Employment and the Labor Force (Household Survey Data)
   
   Total employment was 138.8 million in May, and the
employment-population ratio--the proportion of the population age 16
and over with jobs--remained at 52.2 percent.
   
Persons Not in the Labor Force (Household Survey Data)
   
   The number of persons who were marginally attached to the labor
force was 1.5 million in May, about the same as a year earlier. (Data
are not season-ally adjusted.) These individuals wanted and were
available to work and had looked for a job sometime in the prior 12
months. They were not counted as unemployed, however, because they
did not actively search for work in the 4 weeks preceding the survey.
There were 476,000 "discouraged workers" in May, also about the same
as a year earlier. "Discouraged workers," a subset of the
marginally attached, were not currently looking for work specifically
because they believed no jobs were available for them. The other 1.1
million marginally attached [COMATOSE] had not searched for work for
reasons such as school or family responsibilities.

Industry Payroll Employment ("Establishment Survey" Data, i.e., from
real paycheck stubs)
   
   In May, construction employment increased by 37,000, with most of
the gain occurring in specialty trade contracting using illegal
immigrant, especially Mexican labor, and the construction of
buildings.

   Manufacturing employment grew by 32,000 in May, from its previous
all time low.
   
   In the service-providing sector, professional and business services
added 64,000 jobs in May. Employment in temporary help services
continued to rise (31,000) and has grown by 299,000 (or 14 percent)
since April 2003.

Disposable part time and temp workers are on the rise.
   
   Employment increases in health care and unlicensed rest home
assistance continued in May with a gain of 36,000. Over the year,
this industry has added 274,000 jobs. Hospitals and ambulatory health
care services, such as outpatient carecenters, accounted for
two-thirds of May's employment gain.

Grossly underpaid Filipina nurses make up the gain, replacing U.S.
trained nurses.
   
   Within the leisure and hospitality industry, food services added
33,000 jobs over the month, most of it part time and is by far the
fastest growing and strongest sector of our economy. McDonald's is
still hiring young
teens and illiterate immigrants at minimum wage.

Since the beginning of the year, employment in food services has
increased by an average of 32,000 a month, more than double the
average monthly increase in 2003.
   
   Employment in financial activities rose by 15,000 in May,
reflecting continued increases in bankruptcy filings.
   
   In the information sector, telecommunications employment was down
by 5,000 in May. Since its peak in March 2001, the telecommunications
industry has shed 283,000 jobs, a fifth of its total. U.S. industry
and electronics has died belly up in the water and even John Kerry is
just windbagging. Bush pulled the trigger on us long ago.

Hourly and Weekly Earnings (Establishment Survey Data)

   Average hourly earnings of production or nonsupervisory workers on
private nonfarm payrolls rose by 5 cents in May to $5.64, seasonally
adjusted.
                         ______________________________

   The Employment Situation for June 2004 is scheduled to be released
on Friday, July 2, at 8:30 A.M. (EDT).

"John#8" <Inigma@sbcglobal.net> wrote in message news:<OC%vc.5725$yz.5136@newssvr32.news.prodigy.com>...

> "ken finian" <ken_finan@hotmail.com> wrote in message
> news:d1bf7424.0406040458.2ed87876@posting.google.com...
> > DOD
> > Employment Situation Summary
> > Technical information:
> (sniped but read)
> ___________________
>
> Hi ken: Futile but accurate post. Take five bucks an hour, mix
> in a right-wing fool, name it Billary & you will get a post straight
> out of the boil on the arse drug addict Limbaugh. It's above your
> post. Read it. These morons are the majority. God help us <g>
>
> #8

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