The Great Obama Unemployment Lie: Unemployment Rate Drops to 7.7% for November 2012 … Lose 350,000 from Labor Force & 73% of Civilian Jobs Created in the Past 5 Months Were Government Jobs

WHAT A JOKE … THE GREAT OBAMA LIE THAT THERE IS MOMENTUM IN THE JOB MARKET, JOB GROWTH AND THAT THE UNEMPLOYMENT RATE IS GOING DOWN.

Yesterday it was reported that the unemployment rate for November 2012 dropped to 7.7%. Wow, great news right? More people must be getting jobs, so then the job market must be getting stronger. NOT SO FAST MY FRIEND. Although the unemployment rate went from 7.9% to 7.7% in November, a mere 146,000 jobs were created. It is exactly this government lie that the economy is supposedly getting better that is the cover for Obama to raise taxes. Every business,  struggling family and out of work individual knows the economy is not getting better. But the fabricated numbers put forth perpetrate the Obama lie that things improving. Everyone knows that it is economic suicide to increase taxes during a recession or struggling economy, so what do you think is going to happen when taxes are raised during this so-called job growth economy?

I can’t believe Americans are buying my BS, fooling these people was easier than I thought

CNBS Video: Rick Santelli: ‘They Love to Fib About Statistics’

The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 4.8 million in November. These individuals accounted for 40.1 percent of the unemployed. (See table A-12.)

The civilian labor force participation rate declined by 0.2 percentage point to 63.6 percent in November, offsetting an increase of the same amount in October. Total employment was about unchanged in November, following a combined increase of 1.3 million over the prior 2 months. The employment-population ratio, at 58.7 percent, changed little in November. (See table A-1.)

So how does the rate tick down so much with so few jobs created? The unemployment rate did not go down because there is job growth, it went down due to workers leaving the work force. As reported at the Heritage Foundation, The labor force declined by 350,000 and the labor force participation rate declined to 63.6%. More reported at Zero Hedge with easy to to charts that show the real reason why the unemployment rate dropped  as  as the number of people out of the labor increased by over 540K to 88,883,000.

The only reason that the unemployment rate fell was because more people dropped out of the labor market than actually found jobs. The labor force declined by 350,000 and the labor force participation rate, a measure of potential workers, declined to 63.6, the same level as reported in September. The recovery is well underway, yet potential workers continue to remain on the sidelines and out of the labor market. One reason is that approximately 1.5 million more potential workers are on the disability rolls now as compared to 2007. It is doubtful that many of them will ever return to the labor force, lowering future economic growth.

Just when you thought that what little jobs that were being created was a good thing … THINK AGAIN. The key word America is “think”. As reported at CNS News, as private sector companies are laying people off in droves, 73% of civilian jobs created in the past 5 months were government jobs. What a great job recovery, one fueled by the government creating 7 in 10 jobs and John Q. Public, “We the People” having to pay their salaries. So how is this good for the economy?

In June, a total of 142,415,000 people were employed in the U.S, according to the BLS, including 19,938,000 who were employed by federal, state and local governments.

By November, according to data BLS released today, the total number of people employed had climbed to 143,262,000, an overall increase of 847,000 in the six months since June.

In the same five-month period since June, the number of people employed by government increased by 621,000 to 20,559,000. These 621,000 new government jobs created in the last five months equal 73.3 percent of the 847,000 new jobs created overall.

You elected this America. You wanted four more years of this fiasco. Maybe some of you should just keep to voting for American Idol only. I wonder how the MSM would have reported these terrible jobs numbers if a Republican had been president?

Medical Supply Company Stryker Announced they would Lay off 1,170 Workers citing the Costs associated with Obamacare.

You get what you vote for … get ready to add some more to future first time unemployment filers thank to Obama’s reelection and Obamacare.

Medical supply giant Stryker has announced that they will be laying off 1170 workers due to the costs associated with Obamacare.  Many of you in blue states appear to be getting exactly what you voted for, including those who owned businesses that would be directly harmed by Obama’s reelection and you supported him any how. The company will cut 1,170 jobs, or five percent of its worldwide workforce, despite the fact that the founder’s grandson was one of the largest contributors to President Obama’s re-election campaign. Brilliant, simply brilliant! What fool would knowingly support a president with policies that would directly harm his business and cost employees jobs?

Kalamazoo, Michigan – November 10, 2011 – Stryker Corporation (NYSE:SYK) announced its intention to implement focused workforce reductions of approximately 5% of its global workforce and other restructuring activities that are anticipated to reduce annual pre-tax operating costs by over $100 million beginning in 2013. The targeted reductions and other restructuring activities are being initiated to provide efficiencies and realign resources in advance of the new Medical Device Excise Tax scheduled to begin in 2013, as well as to allow for continued investment in strategic areas and drive growth despite the ongoing challenging economic environment and market slowdown in elective procedures. The reductions and restructuring activities are expected to be substantially complete by the end of 2012. Stryker will provide employees affected by these reductions with severance packages, counseling and job placement services.

The Company expects to record pre-tax restructuring charges related to these reductions and restructuring activities totaling approximately $150 million to $175 million, of which approximately $85 million to $95 million are expected to be recorded in the fourth quarter of 2011.

“As our markets continue to evolve, these actions are part of our ongoing focus on quality, innovation and cost, and position the Company to continue to provide strong, consistent growth in a changing environment,” said Stephen P. MacMillan, Chairman, President and Chief Executive Officer. “Against this backdrop, we are committed to achieving consistent double-digit per share earnings growth in 2011 and beyond.”

You can add these unemployment numbers directly to Obama’s reelection and a company that chose ideology over its employees.

Elections Have Consequences, Businesses Laying off Employees Due to Obamacare and Regulations … NY Applebee’s CEO Zane Tankel says He May have to Lay Off Employees because of Obamacare. (Update: Papa John to do the Same)

Exactly what did people think was going to happen when Obama was reelected and Obamacare penalties would be implemented rather than repealed? Maybe Americans would have voted differently had these policies been enacted prior to the election, but of course that was done ny design.

Elections have consequences and for those who voted for Barack Obama’s reelection might just get laid off or fired. In their infinite wisdom, or lack there of, America voted back in the most liberal/socialist President in the history of the United States. What does that mean … businesses will have to deal with the adverse effects of Obamacare on their business. The economics of Obamacare and its cost to the economy.

NY Applebee’s CEO Zane Tankel stated on the FOX business channel that he may have to let employees go or reduce their hours from full time to part time to deal with the expenses of Obamacare. Tankel went on to say that  this was the most difficult business climate he has ever seen. He has not made a final decision, but what one one think some one is going to do when expenses increase and revenues do not?

 Zane Tankel said that a hiring and expansion freeze might have to be implemented, much to the dismay of the LEFT. Money does not grow on trees and when the government decides to force their socialist policies on a business based in capitalism, there are consequences. What’s the answer of the ignorant and selfish LEFT, boycott those that dare take action to deal with the added expsnse of Obamacare. A note to the LEFT, guess what happens when revenues are reduced in a business, they lay even more employees off. But the ignorant LEFT does not care, they think the evil businesses make too much money. Funny how they want to tell others how to handle their money, but when it comes to their own like paying for woman’s own birth control, it’s hands off.

An Applebee’s New York area franchisee is the latest CEO to go public threatening drastic plans to avoid costs associated with the Affordable Care Act, otherwise known as Obamacare.

“We’ve calculated it will [cost] some millions of dollars across our system. So what does that say — that says we won’t build more restaurants. We won’t hire more people,” Zane Tankel, chairman and CEO of Apple-Metro, told Fox Business Network on Thursday.

Apple-Metro, which runs 40 Applebee’s restaurants, employs from 80 to 300 people at each of its locations. Obamacare mandates that businesses with more than 50 workers must offer an approved insurance plan or pay a penalty of $2,000 for each full-time worker over 30 workers.

Most small businesses with 50 or more employees already do offer health insurance, notes John Arensmeyer, CEO and founder of Small Business Majority, a national small business advocacy organization. But restaurant chains typically are among the sliver of businesses not offering insurance to workers. Other food chains have commented publicly that they would take strong measures.

UPDATE I: John Schnatter, Papa John’s CEO, Says he will likely have to raise costs and cut employee hours because of Obamacare.

A day after Barack Obama earned a second term in the White House, Papa John’s founder and CEO John Schnatter said the president’s signature health-care reform law would increase his business costs and possibly result in employees’ hours being cut.

Schnatter, a part-time Naples resident, made the comments Wednesday night inside a small auditorium at Edison State College’s Collier County campus. In August, he made national headlines after telling shareholders the Affordable Care Act — commonly known as Obamacare — would result in a 10- to 14-cent increase for customers buying a pizza.

“I got in a bunch of trouble for this,” he told the students. “That’s what you do, is you pass on costs. Unfortunately, I don’t think people know what they’re going to pay for this.”

Boeing Announces Big Layoffs in Defense Division After 2012 Presidential Election … UNREAL

Isn’t this rather curious and convenient for President Brack Obama? Boeing announces massive layoffs  in their Defense Division. No collusion here now is there. It was mere coincidence that Boeing would announce such a massive layoff after the 2012 election  so not to adversely affect Obama’s chances of reelection. Unbelievable. The Lonely Conservative also shows her disgust in Boeing’s announcement. More evidense that it was just one big plan on Obama’s part to keep info from the voters prior to the election.

Boeing announced a major restructuring of its defense division on Wednesday that will cut 30 percent of management jobs from 2010 levels, close facilities in California and consolidate several business units to cut costs.

Boeing, the Pentagon’s second-largest supplier, said the changes were the latest step in an affordability drive that has already reduced the company’s costs by $2.2 billion since 2010, according to the memo.

The measures come as U.S. weapons makers are under pressure to cut costs and preserve profit margins amid dwindling defense spending in the U.S.

In a message to employees, Dennis Muilenburg, chief executive of Boeing Defense, Space & Security, said the company aimed to cut costs by an additional $1.6 billion from 2013 through 2015.

Paul Otellini, CEO on Obama’s Jobs Council Endorses Mitt Romney

Even those on Obama’s Jobs Council are backing Mitt Romney.

How bad is it for president Barack Obama and his failed agenda and policies for the economy and job growth? CEO’s across the US are touting Mitt Romney to be president in 2012 including members of Obama’s own jobs council. Paul Otellini, Intel’s CEO who is on Obama’s Jobs Council  has endorsed Romney.

To that end, the Romney campaign trotted out a roster of well-known business leaders Thursday who are backing the Republican presidential nominee. Supporters include Charles Schwab, Cisco Chief Executive John Chambers and Bernie Marcus, the co-founder of Home Depot. The newest name on the list belongs to Intel CEO Paul Otellini, a member of President Barack Obama’s Council on Jobs and Competitiveness.

Mr. Otellini’s relationship with the president has been hot-and-cold since Mr. Obama took office. In 2010, he criticized the administration for failing to generate more robust job growth. He was particularly critical of the stimulus. But the Intel CEO joined the president’s so-called jobs council to much fanfare the following year as Mr. Obama embarked on a very public – if short-lived – courtship of big business.