US Hiring Plummets Most Since June 2010, Fewest Hires Since Polar Vortex Ground Economy To A Halt by Tyler Durden 10/07/2014 On the surface, today's JOLTS report (which after we caught the BLS fabricating the data aggressively a year ago is triple-scrubbed by government bureaucrats) was great: with total job openings of 4,835K, this was supposedly the highest number of job openings since January 2001, and just shy of the record high 5,273 seen in January of the same year, just before the recession hit to be precise. There was, however, a big problem. Because while according to the BLS survey employers have almost never had more open positions, they have also decided to put an abrupt stop to hiring, something which certainly points to a major disconnect in the US labor market. In fact, according to the JOLTS report, its far less tracked "Hirings" number plunged from 4,934K to just 4,640K. This was the lowest number of monthly hiring since January's "Polar Vortex" ground the economy to a halt. What's worse, the 294K plunge in monthly hiring was the biggest monthly drop since June 2010, and was the third biggest monthly plunge in hiring since Lehman! And putting this number in context, because hiring is a leading indicator to key payroll inflection point, one wonders: with TTM job gains having plateaued at 2.6 millio and hires tumbling, is this about to ripple through the labor force and result in a major drop in the October payrolls? (Excerpt) Read more: http://www.zerohedge.com/news/2014-...fewest-hires-polar-vortex-ground-economy-halt As in many matters related to this administration's National Security, Foreign Policy, Immigration and Economic policies, we have caught this administration again lying and falsifying records time after time within the last six years. The unemployment statistics issued by the DOL and BLS have been a total lie. While BLS claims a 5.9 percent unemployment actual unemployment is still double the figures issued by Obama appointees. We know for a fact that Blacks within America suffer unemployment at the rate higher than 14 percent, while jobs are being reduced for all to part time and full time jobs are being reduced to under thirty hours a week. Are we on the brink of a total economic crash, worse than we suffered in 1929, and 2008? That question can only be answered in the coming weeks and months. Who will Obama blame for this?
Who will Obama blame for this? If he has any integrity he will blame Clinton, Bush, himself, for allowing the oligarchs to ruin this economy, in their treasonous self serving ways. The real jobless rate is more like 17 percent. Add to that the fact that most jobs created since the crash, with this neo feudalistic economic model are part time, min wage, or barely above min wage. Of course those with defected brains, caused by silly ideological partisanship will blame Obama. But I wouldn't trust these people to do any serious work for me. They might pee in a light socket.
