Blog de KingShamus

"When an entire nation thirsted to break free from PC…Andrew Breitbart opened a big bar."–Chris Muir

The May Jobs Numbers? They’re Fantastic!

Posted by KingShamus on June 1, 2012

Fantastically bad, that is.

Sixty-nine thousand jobs sounds like a lot. 

It’s not. 

We’re not even in the same galaxy as ‘a lot’.

Think about it this way.

America graduates about 1.7 million people from college with either an Associate or Bachelor’s degree each year.  That means that–give or take a few thousand people who are going for their Master’s or Doctorates–right around 1.7 million people need jobs towards the middle of May each year.  Keep in mind that we’re not including the millions of high school grads that are looking to join the workforce right after getting their diplomas.  For our purposes, lets just use that 1.7 million figure as our baseline.   

In fact, the economy has to produce about 142,000 jobs just to get the Bachelor’s degree holders a job.

Let’s look at this year’s job creation rate:

June 2011:  18,000.   

July 2011:  117,000.  

August 2011:  0 (No, that’s not a typo; you’re looking at a big fat zero.)    

 September 2011:  91,000

October 2011:  80,000

November 2011:  120,000.    

December 2011:  100,000.     

January 2012:  200,000.        

February 2012:  216,000.  

March 2012:  120,000.   

April 2012:  115,ooo

May 2012:  69,000. 

That adds up to right around 1,250,000 jobs created in the last 12 months.  I’m no math whiz but I’m pretty certain that 1.7 million is greater than 1.25 million. 

I think.

Again, that 1.7 million is just college graduates with an Associate’s or Bachelor’s degree.

The American economy didn’t produce enough jobs to handle the 2 and 4 year degree holders our higher ed system produced, much less the high school graduates who need work.

Is this anybody’s idea of a healthy economy?

About these ads

8 Responses to “The May Jobs Numbers? They’re Fantastic!”

  1. joetote said

    69,000 jobs created. 1,000,000 folks lost their jobs. not sure of the correct figure, but 360,000 new claims for unemployment benefits last week and I believe close to 600,000 dropped of the charts as to looking for jobs or they have used up all of their benefits and therefore are are not used in figuring the official Bullshit, oops, sorry I mean figures as issued by the lying sacks of shit,oops, sorry again, I mean the propaganda specialists iof this administration. In the end, we are at 14.5% unemployment or worse. Lucky for us, Comrade Obama wants to implement another five year plan as we know his policies are helping us so much!

  2. What is doubly scary is that we are told that American businesses are producing as much goods and services today as before the recession and they are doing it, obviously, with far less people. So, where are the jobs supposed to come from? You know what that light at the end of the tunnel is, don’t you?

  3. bunkerville said

    It means a lot to me. I was forced into “Early Retirement” this month. But my number will not count in PA since any pension money is subtracted from your right to unemployment.Thus no unemployment.Thousands of refinery workers laid off in Phila had the same result. So this is what the states are doing to lower the numbers. Just saying.

  4. I eagerly await the MSM’s spin on this. Obviously st. barry must be protected.

  5. [...] Dependency, Is Crushed by Reality SJ: The uninformed, the unknown, and the fear of liberty BdKS: The May Jobs Numbers? They’re Fantastic! Bunker: EPA Celebrates the ‘Crushing’ of One Million Working Refrigerators CoF: The Economic [...]

  6. [...] contender Milwaukee Mayor Tom Barrett, it will motivate more conservatives in America and will strike another nail in the “bankrupt America” coffin of Pres. Obama’s reelection dreams and will send [...]

  7. I’ve been writing 200,000 per month is needed to maintain stasis. According to WikiPedia, ~40% of Americans attain college degrees. So, doing the simple ratios on your numbers: 4 is to 6 as 1.7 M is to x, x = 2.55M high school grads looking for immediate employment. 1.7M + 2.55M = 4.25M new additions to the pool a year. Next ratio … 120K is to 1.7M as x is to 2.55M = 180K new jobs needed per month for stasis. We’re within estimation margin of error and in agreement – Obama’s economy sucks.

  8. [...] the US, King Shamus notes that while the US economy added 69,000 jobs in May, the same month about 1.7 million young people graduated from colleges.  Considering that the 85,000 H1B visas slated to be issued [...]

Talk to me, homie

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
Follow

Get every new post delivered to your Inbox.

Join 4,333 other followers

%d bloggers like this: