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The US unemployment rate fell to 4.6% in October 2021, the lowest since March 2020. The labor market continued to gradually recover from the pandemic hit, helped by a surge in demand for labor, record levels of job openings, the expiration of enhanced jobless benefits, and the subsiding summer wave of COVID-19 infections. See here the source data and a chart below. Total job openings are 10.44 million openings seasonally adjusted to record levels. This is a huge number and is up 47% from two years ago. So there are millions of unfilled jobs for Americans. Learn more here and see the summary chart below. There is the lowest number of Americans filing for first-time jobless benefits since 1969. Since unemployment is so low and jobs are so plentiful relative to those looking for a job, obviously, one can not claim jobless benefits if no one is being laid off. See chart below. Some may say that the Biden jobs success is due to paying people to stay home. This was true, but not anymore. The total number of Americans on some form of government dole is 3.1 million. This is slightly higher than prior to Covid, however, the government aid from Covid has largely ended in September of 2021. See chart below. So all this looks rosy for the Biden administration’s jobs policies – correct? Well, not so fast.
First off, with all the trillions in government stimulus and Fed stimulus, AND with inflation running so hot (learn more here ) – why is the Fed not raising interest rates to stamp out inflation? What do they know that most Americans don’t know?
The dirty little secret is the labor force participation rate. The labor force participation rate was unchanged at 61.6% in October 2021 and has remained within a narrow range of 61.4% to 61.7% since June 2020. See source data here and a summary chart below. The labor force is the actual number of people available for work and is the sum of the employed and the unemployed. The US labor force reached a high of 164.6 […]
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!