/realnews/ - REAL NEWS

94 million??

>>354

A lot more than that, if you count all those who have become homeless over the last 10+ years. The BoL statistics typically leaves out people who remain jobless over 6 months time including homeless folks. Sad but true. We are headed toward a Second Great Depression, which likely is going to be a whole lot worse than the first. You will never hear that on the news though.

Thousands of steelworkers and their families have received some disheartening news on the cusp of the holiday season.

Pittsburgh-based U.S. Steel, one of the nation's largest steel producers, said Monday it will temporarily idle operations at its plant in Granite City, Illinois, indefinitely laying off about 2,000 workers.

“You always hear rumors at the mill and most of us knew something was coming,” Randy Jones, 57, a veteran steelworker at Granite City, said. “How hard would it have been to wait until after Thanksgiving?”

The move is the latest sign of the struggling domestic steel industry. In a statement, U.S. Steel blamed the temporary closure on tough market conditions “including fluctuating oil prices, reduced rig counts and associated inventory overhang, depressed steel prices and unfairly traded imports.”

The company sent notices to workers last month warning them it may soon be forced to temporarily idle operations. According to U.S. Steel, the Granite City mill is the “primary flat-roll supplier of the oil and gas industry” – a sector that has sputtered amid sagging oil prices.

In addition to changes in energy markets, domestic steel producers have struggled to compete with an influx of cheaper foreign-produced steel, much of it from China. That country’s recent slowdown threatens to exacerbate problems for American steelmakers, as Chinese policymakers look to boost exports and more steel hits the global market.

https://archive.is/oINle

http://www.ibtimes.com/us-steel-lay-thousands-workers-2198260

Too many are losing too much too fast.

A new study has found the American Dream dead, under apparent delusions of grandeur and with heavy traces of pharmaceuticals and dead tissue debt. Several large tumors were found inside, with the largest connected to student loan.

A rapid decline in upward job opportunities and a contracting wealth gland stunted the Dream, and precluded the inevitable end. It seems that body’s metabolism simply could not keep up with the burden of so many adverse indicators, including decreased blood flow and metastatis throughout various parts of the body politic. Lethargy and idleness contributed towards a loss of strength. The rest was a consequence of chronic debilitation.

Middle-class families, pillar of the American dream, are no longer in the majority, and it’s now official according to the Pew Research Center… Things have been on a downward slide since the deindustrialization of the 1970s, but things have now reached a point of no return.

Via the LA TIMES: http://www.latimes.com/nation/la-fi-middle-class-erosion-20151209-story.html

With the relatively low thresh hold established for being counted as part of the middle class, it is staggering how many people no longer qualify. It shows just how many Americans are becoming poor or increasingly desperate to make ends meet.

It is no surprise either that many Americans who officially qualify for the middle class feel that they are too insecure, financially, to belong to the well-adjusted norm of “middle class” …

This point is not lost on most Americans, but rather a difficulty that nearly everyone seems to be facing right now.

Paying for necessities is becoming rapidly more expensive and costly in housing, food and goods – and that isn’t helping anyone back into the calm waters of a vibrant and healthy middle class.

Instead, further trouble is ahead, and nearly any economic shock could force millions of families to come unglued and driven into desperation.

Things have gone too far, and it won’t be good for the rich at the top of heap either when everything comes undone. We are facing an absolute disaster.

https://archive.is/58f36

http://www.shtfplan.com/headline-news/american-dream-ends-abruptly-middle-class-families-no-longer-the-majority_12122015

The world's largest retailer is closing 269 stores, including 154 in the U.S. that includes all of its locations under its smallest-format concept store called Wal-Mart Express. The other big chunk is in its challenging Brazilian market.

The stores being shuttered account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue.

Wal-Mart Stores Inc. said the store closures will affect 16,000 workers, 10,000 of them in the U.S. Its global workforce is 2.2 million, 1.4 million in the U.S. alone.

http://hosted.ap.org/dynamic/stories/U/US_WAL_MART_STORE_CLOSURES

Unemployment Likely Around 42 Percent

During his victory speech last night in the New Hampshire Republican primary, Donald Trump exposed what everyone knows but doesn't dare admit: the "phony" unemployment numbers that Obama continues to crow about and The Fed is so focused on….

"Don't believe those phony numbers when you hear 4.9 and 5% unemployment. The number's probably 28%, 29%, as high as 35%, in fact, I even heard recently 42%,"

How does he justify such large estimates? Simple…

"If we had 5% unemployment, do you think we'd have these gatherings?"

http://archive.is/hAOjl

http://www.zerohedge.com/news/2016-02-10/why-trump-thinks-unemployment-42

Despite all the blatant lies by the Obama regime (and Congress) claiming TPP will help create jobs, this just hit the news headlines:

Ohio lost 112,500 jobs in 2015 resulting from the United States' trade deficit with countries that are part of the Trans-Pacific Partnership agreement, according to an analysis by the Economic Policy Institute.

That places Ohio sixth, in terms of the percentage of jobs lost to trade with TPP countries, among the 50 states and the District of Columbia ranked in the report released Thursday by the liberal Washington, D.C.-based think tank. The lost jobs represent nearly 2.2 percent of employment in Ohio, according to the analysis.

The total number of lost jobs includes those directly and indirectly impacted by the trade deficit with TPP countries. It also includes the number of jobs EPI says would have been created through the multiplier or "respending" effect had trade with those countries been more balanced.

The Obama Administration says the trade agreement would be good for workers.

"With the TPP, we can rewrite the rules of trade to benefit America's middle class," states whitehouse.gov. "Because if we don't, competitors who don't share our values, like China, will step in to fill that void."

However, the EPI report says the middle class has already been hard hit by "unfairly traded goods from TPP member countries."

• Michigan (214,600 jobs lost, equal to 5.12 percent of employment)

• Indiana (103,800 jobs, 3.54 percent)

• Kentucky (53,700 jobs, 2.92 percent)

• Alabama (46,000 jobs, 2.32 percent)

• Tennessee (61,000 jobs, 2.19 percent)

• Ohio (112,500 jobs, 2.16 percent)

• Mississippi (22,000 jobs, 1.86 percent)

The other states on the list suffered major job losses, but they were influenced "by the collapse of the oil industry and related sectors," according to EPI.

• Oklahoma (35,300 jobs, 2.10 percent)

• Wyoming (6,800 jobs, 2.34 percent)

• Alaska (6,300 jobs, 1.83 percent)

Remember folks, Donald Trump is the only candidate who has warned us about this. If you want the TPP to be repealed and nullified, vote for Trump!

http://archive.is/xUjgn

http://www.cleveland.com/business/index.ssf/2016/03/ohio_lost_112500_jobs_due_to_t.html