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By Jack Rasmus.

It’s important that readers understand that the monthly jobs numbers don’t represent actual jobs. They are a statistic. That means the raw actual number of jobs are not what’s reported. It’s a statistical manipulation–based on a series of complex assumptions and even more complex mathematical formula adjustments of the raw jobs data–that gets reported monthly as the job numbers.

Moreover, the monthly numbers reflect jobs, not actual workers getting new employment. There may be workers adding second and third jobs, reflecting the jobs increase, but not actual new employment increase. The US Labor Dept. claims it captures added jobs by those already employed, but the numbers suggest its methodology may not be that accurate. The US labor markets have radically changed since the late 1990s and the BLS methods may no longer be accurate for picking up 2nd and 3rd jobs. The changes also suggest that maybe the government’s statistical adjustments for seasonality are not that accurate any more.


full: https://zcomm.org/znetarticle/on-those-questionable-jobs-numbers-again/
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More on the disfunctional economy - homelessness

The value of the wage must be reassessed when rents have grown at five times the wage rate in the last twenty years. We have a looming wage shortage, where working isn't working anymore. Moreover, with the developing trade war, the cushion to wages offered by cheaper imported goods is diminishing.

As one of of the barometers of a dysfunctional economy,one in every ten children in NYC public schools is homeless, and given the skewed distribution in our communities, that puts a plurality of whole classrooms in that bracket. As to the underlying issue of poverty, one is told that those who don't work don't want work. that it's culpable addiction, failing to take advantage of the opportunities for education. There is no mention that jobs don't pay a living wage, with wages off-shored or replaced by robots, or reshaped into independent contractual status with no assured minimum time employed and no benefits; there's no jobs program, Trump is blaming local governments for homelessness, andneither political party pushes this as a major issue.

You feel like a failure, you're either on the street or in a shelter or one paycheck away from it. Shelter is obviously no solution; it creates a stopgap and enables avoidance of the issue. Women, children and disabled people especially need not a shelter but a home, stable living space. Rental agencies don't want them: single parents are undependable rent-payers, children are vandals, a nuisance and extra expense, as are the disabled.

The right to a home is basic, intrinsic to a humane society.

So we put a billionaire real estate mogul in charge, and another one, a declared real estate development advocate, throwing vast funds into overcoming a Democratic Party candidate deadlock and replacing him.
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