Over the past couple weeks, a number of economic indicators have shown that economic growth is slowing. Friday's number is consistent with this, as the number of jobs created is at the level needed to keep pace with population growth.Keeping pace with population growth...that's where I'd like to bring in Zero Hedge's analysis, which demonstrates the difference between job numbers vs. job numbers which make sense in the context of a US population that keeps rising.
By now the trick of lowering the unemployment rate courtesy of a "collapsing" labor force participation rate is known by all. As we showed earlier, the LFP, despite posting a tiny 0.1% uptick in May, was still at 30 year lows.
This is merely a favorite BLS gimmick to push the unemployment rate lower for purely political reasons (to the benefit of the administration that makes the content of your emails the most transparent to NSA workers, ever).
As of May, assuming realistic LFP assumptions, the real U-3 unemployment rate should have been not 7.6% but 11.3%.
Luckily, we know that the administration couldn't possibly be fudging numbers maliciously, and for purely political purposes. Why: because it is too busy spying on those who are unemployed and have nothing better to do.Even Zero Hedge gets in on the NSA digs. But let's take these two figures -- real unemployment and population growth -- and apply them towards the direction Congress is heading this week, specifically the Senate: an amnesty vote. You'll quickly discover the politics of discarding the citizen for new voters, while undoubtedly inflating unemployment and poverty in America...
NumbersUSA: Do you think your Senators realize that, in the hundred years between our country's first Census in 1790 and 1890, the numerical level of that incredible flow of immigration from Europe that filled the Eastern Seaboard and spread out across the continent was nearly 2 million immigrants per decade (1790-1890).
The world had never quite seen a movement like that of masses of people fleeing a crowded continent and completely taking over another. That human flood so covered the land that the U.S. Census Bureau in 1890 declared that there was no more true frontier left in a country that in 1790 had been almost nothing but frontier.
The Senate is expected [this] week to take up S. 744 which would offer lifetime work permits and residency to 33 million citizens of other counntries in the first decade alone -- about 11 million of them being current illegal aliens and another 22 million of them being new immigrants.
Has somebody discovered a new frontier to occupy?
And, yes, if you are able to quickly multiply by 10 decades you see that Senators Schumer (D-N.Y.) and Rubio (R-Fla.) want to cram far more immigrants into our country in the next 10 years than came during the entire century after 1790.
Cont'd here.
The next two days will be crucial in getting this message to Senators, and we can do that by flooding D.C. with faxes and phone calls opposing Tuesday's amnesty vote, starting with the Gang of Eight members.
