Midknight Review -- new and revised: Jobs report: The hourly wage number is decreasing, the financial stress on small businesses is increasing, and the middle class is shrinking, all due to the driving influence of ObamaCare.

The advance number of actual initial claims under state programs, unadjusted, totaled 436,766 in the week ending January 19, a decrease of 119,944 from the previous week but 20,000 higher than this time last year. There were 416,880 initial claims in the comparable week in 2012. (see the DoL report, here)

Understand that the “seasonally adjusted” number is always an unreal number, that allows those who publish such nonsense, to mitigate the highs and lows of the real numbers.

In this case, for example, the seasonally adjusted first time claims number for last week is 330,000 (for week ending Jan 19, 2013). The actual number of folks walking into a claims office is 436,766 [claims processed during last week] or, 106,000 more than the make-believe "seasonally adjusted" count.

Further, and in this case, the two numbers present a vastly different reality. The adjusted number shows a jobs economy that is trending upwards while the real numbers show a jobs economy that is 20,000 jobs poorer than in January of 2012 . . . . and somewhat static.

The fact is we are far from where we need to be in order to seriously applaud the current situation. We have fewer job positions filled than a year ago, and, to make matters worse, if the workforce was as large as when Obama took office (2009), unemployment would be 10.5 % and underemployment would be 14.2% . 8.8 million fewer Americans are being counted in the unemployment figures. These people are not working and have no hope for change, anytime soon.

Because of ObamaCare, the hope of an improving jobs market carries this caveat: a huge percentage of all "added jobs" are part-time (under 30 hours per week) to make up for the reduction in full time employment.

Thousands of jobs are being created to account for the new, part time positions. The hourly wage number is decreasing, the financial stress on small businesses is increasing, and the middle class is shrinking, all due to the driving influence of ObamaCare.

Thanks, Democrats, for nothing but misery and hard times. What started as a recessionary cycle, in the last two years of Bush, is now a way of life, under H Obama.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Jobs report: The hourly wage number is decreasing, the financial stress on small businesses is increasing, and the middle class is shrinking, all due to the driving influence of ObamaCare.

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