Trump Presidency is Now On “Lie-Support:" The Brookings Institute says the Unemployment Rate Didn’t Really Drop in May. The New Jobs Report is Based on Falsehood
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From [HERE] The Bureau of Labor Statistics (BLS) surprised the markets and most economists Friday with an announcement that the unemployment rate fell from 14.7 percent in April to 13.3 percent in May. President Donald Trump had the temerity to boast that George Floyd, the unarmed black man killed by a white police officer in Minneapolis, was “looking down from heaven” to admire those numbers. “This is a great day for him,” Trump said in the Rose Garden. “This is a great day for everybody.”
Beyond the president’s remarkable and offensive invocation of Floyd, there is good reason to be skeptical of his administration’s latest report.
BLS asserts that 20,935,000 Americans were unemployed in May, attributing the decline to employers adding 2,509,000 jobs in May as states allowed “a limited resumption of economic activity.” But it’s not that simple. The unexpected decline in the jobless rate is based on a survey of businesses and households conducted over the week of May 16th, and BLS has also reported that 29,965,415 Americans received unemployment insurance benefits in the same week. That’s a gap of 8,980,415 people, enough to raise the May jobless rate 5.7 percentage points to 19.0 percent and much closer to economists’ expectations.
How did the Labor Department come up with such a low figure? Part of it is the Payroll Protection Program: The BLS counted anyone who employers say were still being paid as employed “even if they were not actually at their jobs.” Part of it involves how the BLS treats the many millions of people now on furlough and not being paid. They are considered “unemployed on temporary layoff.” But if BLS expects them to return to their old jobs, based on the survey, they do not count among the unemployed.
Those judgments are left to the BLS’s discretion, and the agency does not issue any data on those decisions. Yet a recent analysis from the Becker Friedman Institute at the University of Chicago estimated that 42 percent of people furloughed by the COVID-19 crisis will never get their old jobs back, and only 30 percent of those laid off will land new jobs later this year. With 30 million people receiving unemployment benefits, that analysis is more consistent with unemployment at 19.0 percent today than 13.3 percent. BLS itself acknowledges in its May report that counting those on furlough as unemployed would raise its official rate to 16.3 percent.
Finally, part of the 9 million-person discrepancy may involve how BLS decides whether a person who is not working is still part of the labor force. If you are out of work but didn’t look for a job over the previous four weeks, or couldn’t work for family reasons such as caring for children who are no longer in school, BLS says you are out of the labor force. If you’re not in the labor force, you’re not unemployed.
Again, it is BLS’s judgment call—and BLS clearly has decided that millions of people who lost their jobs because of COVID-19 shutdowns do not count as unemployed. In May 2019, BLS reported that 96,207,000 working-age Americans were not in the labor force; today, BLS reported that a year later, that number had jumped by 5,865,000 to 102,072,000. For reference, the BLS found that 95,636,000 working-age Americans were not in the labor force in 2019, down 80,000 from 2018. Those 5,865,000 people could explain nearly two-thirds of the 9 million-person gap between those receiving unemployment benefits and those counted as unemployed. [MORE]
The Beasthood’s puppetician stole the 2016 election with fabrications - statistically valid lies. Figures lie and liars figure. (See: Statistics, Fabulist & A Lie). Greg Palast predicts that he will steal it again in November.
FUNKTIONARY further defines as follows:
falsehood - the truth that lies before you (do). 2) static truth that poses as if it were dynamic reality or as if it comports to the nature and attributes of reality. 3) the excrement of truth. 4) a truth to which the facts are deliberately loosely adjusted to meet an imperfect conformity. 5) intentionally misconfigured truths designed to mislead and misinform. Truth is unintentional incomplete information or non-deliberate misinformation. Falsehood is intentional disinformation (absolute truth or outright lies). Truth and falsehood sit on the same polaric frequency--i.e., they are not different in nature, only in perspective--to the level of consciousness that serves it or consumes it. The lie has landed and the truth has risen, and people are about to lose their minds. (See: Truth, Lies, Facts, Jesus Christ, Manipulation, The Jesus Seminar, If, Apostasy & Absolute Truth)
Fabricated Truth - incomplete and inaccurate descriptions of reality sewn together into a garment worn (held and defended) as if it were (or could be) true other than what it may mean specifically and only to you. To fit truth, you will have to change; to fit reality, truth has to change. Truth and lies are kissin' cousins because you need not change---you simply change the fabric of the truth or the pattern of the lie, and it fits you. The lies truth tells you cling to you like a cheap suit. It never forces you to change or modify your look or view--you can remain static, stagnant and oblivious. If you can invent your own lies, you also can invent your own truth to be better aligned with the shifting sands of reality which knows no resting spot on which to pontificate or be etch-a-sketched in stone. Lies protect you from the truth; the truth protects you from reality. Reality teaches you the illusions of protection. If we disallow another's truth to shatter our lies, why do we allow another's truth to override our own without testing it against reality? Lo! Observe the type of lies you live in and the kind (or brand) of truth to which you hold dear. Look around you--are you on lie-support? Look within you--what truths are you harboring and which ones are holding you hostage? Look into life and see the uncertainty, imperfection and constant change reality brings to everything. We create our own lies and our own private truths. Our masks we wear complement to fabricated truths through which we live. We live by public truths but we live in private lies we create for ourselves instead of living in reality where the truth lies naked for all to see in its natural habitat saving us from our higher selves and preempting our possibilities for elevated consciousness and ascension. Why cling to the view when even the view is filtered through seeing things the way you do? (See: Final Truth)
