Search Results for: labor force

Record 94,031,000 Americans not in labor force

Labor force Need a job

A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads …

Read More »

U.S. dollar set to shoot next in currency war, QE4 is coming

USD dollar currency war

From Filip Karinja, for Birch Gold Group In recent years, as competition on the global market has heated up, nations around the world have joined in a currency race to the bottom – to devalue their currencies faster than those of other nations. Strangely, the United States has done the opposite; …

Read More »

Fraudulent employment report

unemployment numbers

Today’s employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. As 114,000 new jobs are not sufficient to stay even with population growth, the drop in the unemployment rate is the result of …

Read More »

Only 47% of Americans have a full-time job

Looking for a job

The release of the June Jobs’ Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists’ expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The …

Read More »

Low retail sales numbers hint to economic problems ahead

Going out of business

From Filip Karinja, for Birch Gold Group Despite optimistic expectations, recent reports show that U.S. retail sales for April were flat. Many had expected that the lower-than-average gas prices would provide a lift, but even with prices plummeting by close to a whopping 50% over last year, there was no reflection in the retail …

Read More »

Has the US in 2017 Really Recovered from the Recession?

When people talk about the Recession (sometimes the “Great Recession”), they tend to talk about it as if they are referencing some event in the distant past.  But is the Recession really in the past?  Maybe, maybe not.   Let’s Take a Look at the Evidence To start with, consider …

Read More »

US economy moves toward recession as eurozone crisis widens

Recession

Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone …

Read More »

Negative interest rates and QE4 is coming

Janet Yellen Federal Reserve

From Filip Karinja, for Birch Gold Group Despite the Federal Reserve running a zero interest rate policy (ZIRP) for 80 months straight and Quantitative Easing programs that have ballooned its balance sheet over $3.5 trillion, US GDP has struggled to reach 2%. It’s plain for all to see: They are running out of options to …

Read More »

Nestle, Mars and Hershey use child slaves to make your chocolate

Hershey Nestle Mars child slaves cocao chocolate

The Milton Hershey School in Pennsylvania is one of the wealthiest education centers in the world. Founded in 1909 as an orphanage for “male Caucasian” boys, it was awarded 30 percent of the company’s future earnings by Milton S. Hershey upon his death. Thanks to the success of Kit-Kats, Reese’s, …

Read More »

The inevitable decline of retail

Online shopping is rippling through the economy, affecting not just retail but energy consumption and the job market. Correspondent Marc A. responded to my recent entry Is Anybody Else Tired of Buying and Owning Stuff? (September 7, 2012) with an informed commentary on how online shopping is affecting the retail sector. …

Read More »

Australia moves to buy $3b spy drone fleet

Australia drones

The Defence Force is quietly resurrecting plans to buy seven huge maritime surveillance spy drones at a cost of up to $3 billion. The unmanned aerial vehicles will be used for maritime surveillance and intercepting asylum seeker boats. The decision comes despite claims that the Royal Australian Air Force’s top …

Read More »

CNN is telling people the stock market is fine

CNN stock market bull

From Filip Karinja, for Birch Gold Group Stock markets around the world are teetering upon a major correction, as we saw chaos unfold last week in the equities markets. If you saw chaos and panic on the road while driving your car, you would likely slow down, investigate the situation and perhaps change …

Read More »

Apple products made with child labor – internal report

Child labor Apple

Apple Inc. used child labor in the making of its products by employing 106 underage workers across 11 facilitates in 2012, an internal audit revealed. According to a report, the company also discovered wage problems and forced pregnancy tests. Apple’s annual ‘Supplier Responsibility’ report, which includes nearly 400 audits, 72 per …

Read More »

Social Security will fail by next decade: Harvard Study

Social Security

The Social Security Administration projects that its trust funds will be depleted by 2033-not an optimistic forecast. But it may be even bleaker than that. New studies from Harvard and Dartmouth researchers find that the SSA’s actuarial forecasts have been consistently overstating the financial health of the program’s trust funds since 2000. …

Read More »

The Death of Retail

retail store closed

If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?  When I was growing up, Sears, J.C. Penney, Best Buy and RadioShack were all considered to be unstoppable retail powerhouses. But now it is being projected that all of them …

Read More »

Spinning bad financial news into good – Paul Craig Roberts

unemployment numbers

Friday’s payroll jobs report says that 96,000 new jobs were created in August and that the unemployment rate (U.3) fell from 8.3% to 8.1%. As 96,000 new jobs are not enough to keep up with population growth, the decline in the U.3 unemployment rate was caused by 368,000 discouraged job …

Read More »

Air Force veteran blows whistle on chemtrails

Chemtrails

Air Force veteran Kristen Meghan says she has first-hand, insider knowledge of hazardous materials like aluminum oxide, barium and strontium being brought onto one Air Force base – the same chemicals and metals that have for years been found by “chemtrail” researchers in testing samples. From Kristen’s website SugarDecoated.com: After watching …

Read More »

iRage: Apple’s FoxConn China plant damaged as riots resume

Following the riots at Apple’s FoxConn Chengdu plant in June, engadget is reporting that FoxConn’s Taiyuan plant – the scene of earlier strikes over salary disputes back in March – has suffered damage as workers riot. Police are on site to control the crowd and while the motive is not clear, it is …

Read More »

US Air Force scrubs drone strike data from reports

Drones air force data

As the US military continues to court scrutiny regarding drone use, the Air Force has stopped sharing information on the number of drone strikes in Afghanistan. Going one step further, it has removed those statistics from prior reports on its website. The Air Force’s Central Command began keeping track of …

Read More »

Mos Def reenacts gruesome Guantanamo-style force-feeding

Mos Def Gitmo

Extremely graphic footage featuring US actor and rapper Yasiin Bey, otherwise known as Mos Def, has revealed what the standard operating procedure for force-feeding Guantanamo Bay hunger strikers may look and feel like. The Guantanamo Bay hunger strike reached 150 continuous days on July 5, with 45 of the 106 hunger strikers …

Read More »