Only 539,000 Jobs Lost in April; Unemployment Increases; My Failed Predictions

[bootylicification]

In November 2011 there was 15.1 million unemployed with 9.8% in November 2012. The total pool of unemployed was (15.1 million/9.8%)=154,081,632

.

The unemployment rate currently is 8.9% with 13.7 million unemployed totaling 153,932,584 in the workforce

.

Between November 2010 & March 2011, 149,048 are no longer in looking for work (154,081,632-153,932,584). This almost cancels the Nonfarm payroll employment increased by 192,000 jobs created in private industry for the month of February

[centurion180ad]

Thank you for the video. Your observations have proven true, as in everyone believes we are recovering when we are not, and things are still in decline.

[tunnis7us]

search the venus project

[drix01]

You will let Fools run your counrtry , can anything else be expected ?

[OzBama1]

Look I had NOTHING to do with these jobs,WE need healthcare,,NOW,we need more union handouts,NOW,, I had High hopes for you son,,you might had a shot at a CZAR job but IDK now,,,OK OK I need a" ONLY black dude in Alaska CZAR "and I am officially appointing you,,,congratulations,,OzBama HAS SPOKEN

[PenPalFriend]

i is confuzzled....

[ThePatriotHour]

You have been misinformed, my Friend.

We have AVERAGED over 500,000 NEW JOBLESS CLAIMS each week for past 52 weeks. See our video:

"Unemployment-media Lies Again"

[BlazikenMaster]

I looked for Toyota and found this? What the hell does this video have to do with Toyota?

[pigswinecunt]

fuck this black nigger!

what does he know living off the government piece of black shit!!

[exxxxxxxx]

Man you need help.

[roll1968]

You are seriously sick.

How can this man's skin colour or ethnicity have anything to do with whether his analysis of the economic situation is correct?

[AiCProductions]

Wow..

[shera818]

The numbers were lower because the govt hired temporary census workers, 72,000 of them to keep the numbers low. It is a fake number because these are dead end jobs.

[mmmmmnnnnn55555]

The sad part about this video is when you say we ONLY lost 500,000 jobs last month & it sounds like good news. We are so screwed. I think you need to increase your range time Demcad.

[Merlin5x5]

What's equally sad is WHO is firing, it's not a bad sector, it's across the board, and it's the blue chips like dupont.

The current uptick, is like the glug as the toilet flushes, down, glug, down, down gone.

[florgat91]

is this all indicative of a new bull market ?

[phantomcharger]

The one poster says that home depot is doing well, maybe they are? The question should be what are they buying? Batteries Gardening supplies Welding stuff Shelving Flashlights Insulation Tools locks Yeah, on the road to recovery, real good.

[johnwilsonriley]

I think the economy is being propped up by the trillions in borrowed and or printed Bailout money! People who got layed off last fall will start running out of UI soon, and the bailout money will run out eventually, leaving a massively increased debt and the problems that caused the mess still out there. There are also reports that China is diversifying away from propping up the US. It's just a matter of time.

[elpilotoazul]

Predictions can be way off due to unexpected variables. Who would have guessed we would have had multiple trillion dollar bailouts at the drop of a hat? They can come up with ways to postpone the financial collapse and day of reckoning, but sooner or later the crunch has to come.

[cowboycarl04]

Didn't know if you wanted to do a video about this, but US Mint stopped production of dimes and nickels last week with no mention of this anywhere.

Production from 2008 numbers down around 90%. Production from 1999 numbers down around 97% for both mints for both coins.

Google it and go to the coinnews article. It has charts to back up the information. I found it very interesting. Could this be the last year of nickels, dimes, and pennies?

[centervilletn]

that is very interesting...

[Wun2ThaVisionary]

Those suckers won't be worth much once inflation hits....=I

[crabbydogtrix]

i agree as far as this fall will have another drop off like last fall but worse to to even less seasonal spending because of unemployment. great vid

[ShakeitUp09]

Demcad - Just heard today that 63,000 of the new jobs created for April were for temporary census takers. So we are still hovering around 600,000 U3 jobs lost if you only count jobs that don't have an expiration date.

[FreedomsReigning]

July 4th, Washington DC,  "the million slave march". No need to sign up anywhere. End the Fed, and clean house at the treasury. Give the power of monetary policy back to "the peoples economists", not multinational bankers.

[FreedomsReigning]

I don't trust any numbers the government is putting out. I see this as nothing but the early stages of hyperinflation which is being sold as a "turn around". As more people lose their jobs the fed will create more and more money to maintain the control grid and social programs. When it does finally collapse they will try and "save us" with a world central bank and global fascism. I truly hope I am wrong, and/or people stand up and fight back through an informed mass movement. Time to get active

[Guiatuss]

Yes, long way back if it is back we're going for.

Just wondering....is anyone paying attention to the carbon tax the powers that be are currently discussing? I saw Domino Sugar commercial-Carbon free

[dtaijo174]

animal spirits. Keynes came up with that.

[enslavetherich]

consumer credit dropped by a recordbreaking 11.1 billion... (cnn)

And insider trading has gone wild...

Insiders are selling for $8 while only buying for $1 (bloomberg)

The debt for the US has gone up quite alot... I don't see things recovering so soon.. I'm sorry Demcad..

[liaq954044]

good update

[timberfoxct]

i agree with PeakedEarth. hyperinflation will happen, no avoiding it, just a matter of time. when it does hit alot more people will lose their homes. mass panic and violent protests will happen. if they do replace our currency, we the people will get screwed by the exchange rate. u think were broke now just wait.

[bennmug]

Get enough poeple believing theirs going to be recovery maybe their will be, but I'm prparing for worse its far from over yet.

[drutter]

bennmug, a recovery can't be built on hopes. If all it took was hope to feed, clothe, and shelter the world, there would be no poverty. We have to actually produce the things we need to survive, not print paper notes to trade them for electronics and such made overseas.

[bennmug]

Yeah we need to bring our jobs back from overseas. You don't produce wealth by printing and barrowing more money we don't have. You produce wealth by producing things but its not happening!

[PeakedEarth]

oil going up, along with silver, gold, copper, cotton, and other commodities is INFLATION. The dollar is dying, and as the Fed prints money, hyper-inflation will set in. Whatever you want will cost more, whatever you dont want will be cheap. Inflation has become unavoidable, prepare.

[PeakedEarth]

a) the census hired 150,000 people b) they revised january to 699,000 and feb up another 40,000. b) overall number of people unemployed is all time high - and yes U6 is the real number ... 15.8% - we are heading to 25% soon.... we are in trouble and it is unavoidable. Do not drink the cool-aide... the dollar is done.

[tyronebiggums3]

You cannot predict the DOW or stocks with the massive manipulation its under. But in the end, their efforts must fail.

[SafeArmsReview]

There you have it, only 539K lost jobs this month... gee that means obamas bailouts are working!!!

NOT!

[Martian74]

In Australia our unemployment rate just dropped to 5.4%. It doesn't mean that we aren't in a recession though, just not as bad as the one in the US.  Our interest rates are at 3% and it looks like they aren't going to go any lower than that, possibly higher soon. Anyway, that is how it is going down here.

[drutter]

The rate at which people lose their jobs is slowing because almost nobody still has one to lose.

[itowedin]

There is some truth to that, but outside of the auto industry, jobs haven't simply disapeared. What's happened is businesses have now laid off to the point where they're back in budget again with their workforce. They don't NEED to lay off any more people. This ultimately will lead to gaining a larger profit cushion quicker which will allow businesses to hire faster when consumers start spending more than the government is stimulating.

[drutter]

itowedin,

Maybe businesses have laid off enough people so that they can survive, but that's certainly not the case, as more and more are still going bankrupt, and most of them are small businesses which means the numbers aren't reported anywhere at all. And all those laid off workers are causing sales at other businesses to go down, so we'll see another wave of layoffs as profits fall even further.

There's no economy in the US. They don't produce anything. They borrow money to buy Chinese food.

[itowedin]

I can tell you from the front lines. My family owns an interior decor LLC corp that relies heavily on the construction market and I just got hired along with almost 35 other people by Home Depot. All this the #2 worst state of Oregon. My family business has averaged $25000 a month since Christmas which is traditionally slow time. Today at Home Depot I had to work through 2 breaks and cut my lunch in half even with all the new help. Could be tax returns, but I think people are tired of the gloom

[lindabebe835]

I also believe that we are not going to see a recovery anytime soon. Since our dollar is being destroyed, I am preparing for hyperinflation. I am sharing with other people but, of course, they are unwilling to listen. Wake up sheeple.

[JOSYMOL]

As Summer gets closer the gasoline prices will climb back up again. Watch it happens.

Its hard to know the future. Especially with this dumbfcks running things in the white house. They solve any financial crisis by throwing fake monopoly money on top of it. Not to solve it but to cover it up.

[Michigansnowpony]

What is it saying about our collective mentality at this point, that we're saying "only" 539,000 jobs lost in April!?!?

I mean, think about that. . . A year ago, that figure would have horrified. . . now, we're encouraged by it??? I think we have to watch ourselves and our thinking.

The media is doing it's best to take bad news and make it sound positive. Don't buy into it.

[AncestorOfDoubt]

Kind of like firing a bullet at our femural artery and then saying, "at least we didn't shoot you in head."

[Michigansnowpony]

Exactly!  Great analogy.

[bbburton]

I think you live in a great place.

[budb11]

I'm glad it's Friday too! The dollar took a relatively big fall today. Oil is going up. I paid 1.99/gal last week and yesterday it cost me 2.18/gal. Gold went up a little and silver is almost $14/oz. To say unemployment is "only" 500,000 down for April is a tradegy. Looks like the only sector making out is the financial sector. Damn the banksters, the politicians, and our American government. Looks like we're in for bad 2009. Demcad, you're great. Thanks.

[Halo2100]

Your a little better off than me. I have to pay over 2.30 a gallon and 5 minutes outside the city limits it selling for 2.00 a gallon.

[RuleBySecrecy007]

The Unemployment rate number is stupid. It does not take into consideration, people not getting UE anymore, part-time employees(minimum wage is not enough to survive), kids, elderly, and disabled. If you add it all up its a lot higher than 8.9%. What's really gonna be bad is that the Baby boomers are going into retirement (many not ready or lost everything) which is an estimate total debt of 44Trillion, for SSI.

Good tune by the way

[powermousey]

yeah right DEMCAD.

tell that to the people who lost their jobs...

that its good news cause it was under the estimated projection of lost jobs.

Now, they are going to struggle to find what little jobs there are or even jobs that pay less and.or fewer hours. Definitely will be buying less items, seeking out more discounts and more inexpenvice items, even perhaps becoming poor or homeless. And around and around it goes like a vicious circle. And with cyclic and cascading effects.

[Arginine88]

Well i like Peter Schiff and he states that nominally the Dow might go up do to inflation but I look for the companies that report increased revenue in the WSJ every day, and let me say that they are slim to none. Unless they are selling over seas then they are better off than others. Copper is picking back up thanks to the Chinese, and there are some water companies out there that are reporting nice profits, no not poland springs but others.

[RuleBySecrecy007]

One thing is I'm tired of people comparing the GREAT depression to today. In those days people didn't own credits cards(national avg credit card debt $10,000), homes( avg cost 160+ thousand, and there wasn't a 15Trillion GDP. The 1970's was the start of all of this Major steel ind closing, NAFTA(Bush/Clinton sign), and today the Auto ind. which employees a lot of people is going down the drain. ALSO Look around people!! All those Lease signs for businesses, that is the next problem we face.

[1samothrace77]

the depression number unemployment was much higher then 25%

[LisaJ4Liberty]

I predict the Dow will continue to rise for a couple of month. But unemployment will continue to climb, and prices for food and gas will rise, thus putting the brakes on the economy again. Somewhere around August or September the Dow will start plunging again. It will possibly revisit the lows of early March.

[slobomotion]

Well, things continue to pick up in France. But I worry, because the stock markets are way, way too high. This is another good video, but the levels on your speaking part should be higher, to match the music, which is cool, by the way.

[DEMCAD]

I used a different cam today.

[neanam]

after all these Jobs Loses I finally know some one personally who lost thier job.... I was begining to think these job lost was a hoax

[1scubaman]

Oil is getting more expensive because we are destyroying our dollar, prepare to pay a lot more for everything.

[PestControl02]

thanks DEM! love your vids brother.

[personkid20]

real mainstreet recover is still a ways off, the 3 legs of the tripod that holds up the ecoonomy are still broken, although obamess and co. are trying to administer policies to easy the pain in morphine fashion, the fact remains the fudies of the tripod need to be strong and that's a long long ways off....

[personkid20]

as a trader on the floor there is more pain on the way....a very good interview on FT concerning bear markets

of course this market rally is nice but supply/demand and the CM's are indeed covering some shorts, but as for new positions on a major scale, that's a ways off

there is still the issue with treasuries, when that collapses all hell breaks lose and then the economic scabbing will take place, but the wound is far from over.

the hedgers are net short which is a good begining though.

[CosmicDramaQueen]

Now That's what I call Job preservation!

[centervilletn]

can someone please mail me an oz of what ever it is Obama and his administration is smoking...

[centervilletn]

dont forget ...seasonally adjusted....400k went back to their construction jobs...

oh yeah and your 401k is insolvent and you may not be able to withdraw your money

[jsmithprivatedancer]

Thats alot of jobs.on top of the 4 million people who already loss their jobs. The Government is insane???

[AndyMH182]

I am quite pleased with this subscription. Keep up the videos bud.

[skyding8962]

Reginald you forgot to mention that the reason it slowed was becuase of tens of thousands were hired by the GOVERNMENT to do census work (which is just temporary).

[fee1776]

Wait for the revisions. March was slightly down until the revisions raised it to 699 000. All the prior months had revisions that rose. Therefore wait for the revisions on the numbers for April,

[JurkoffJay]

It's kewl my house nigra.

It's hard to predict anything in the market due to the fact it's manipulated, and there's stimuluses.

[RETIREMESOON]

I calculated months ago that even if the U.S. lost an average of 500,000 jobs it would be DEVISTATING.For every job loss it takes out 7 other jobs in the country.Hang on folks this is the middle of a wave with more lows to come.

[aceyorba]

i feel so good today.. i think Iam going to write the government a big FAT tax check...

NOT

[whiskerchild]

"You're no expert"- but you're far more intelligent and clued-in than the rest.

I value your predictions. You're right, nobody knows, but I have to get my info from somewhere, and your site gives me valued insights- keep 'em coming.

[gow75]

Not good news im still out of work in the IT industry.

[Freemarketeer81]

I feel rich. There ya go behavioral economics. LOL Still no richer...

[VisionQuest2012]

The State of Alaska dispenses a form of citizen's dividend in its Permanent Fund Dividend, which holds investments initially seeded by the state's revenue from mineral resources, particularly petroleum. In 2005, every eligible Alaskan resident (including their children) received a check for $845.76. Over the 24-year history of the fund, it has paid out a total of $24,775.45 to every resident.

Another incentive to move to Alaska. :)

[DEMCAD]

They canceled the PFD, so please unpack your bags...lol

[gypsylife4me]

You are not wrong about the economy. You are just smarter than most and can see the big picture.

[M0LONLABE]

Thanks for sharing ... question: whats the outro music at the end?

[oppressedinjc]

I feel the economy is getting better...I feel the economy is getting better...I feel the economy is getting better...I feel the economy is getting better...I feel the economy is getting better...I feel the economy is getting better...I feel the economy is getting better...Oh hell!

[fal2grace]

funny:)

[stuntpea]

I reckon Britain will have inflation problems 2nd half of next year because of the quantative easing(money printing). I think it's been at least £50billion so far and they've allowed up to £150billion of 'free' money to institutions.

When all that cash trickles down to Joe public, they'll be printing big banknotes.

It's Friday though. YAAAY!

[lights21002003]

i think the economywill drop to about 4k in 2010 and slowly increase.the us dollar will go into hyperinflation,more stores will close,people will lose there homes,as crude oil is expected to hit $100 at the end of 2009 that means about 4$ at the pump,food,clothing,&goods will increase.(Ex. bread now cost 1.30cent at the end of 2009-2010 it will be about 1.70cents+)everything will rise even utility bills and the new carbon monoxide tax..oh yeah sound like everything is looking real good for us

[Lynchian74]

The March unemployment was revised upwards to 700,000. Thats a 60,000 + revision? How was that? They are trying to make us think things are getting better. Oil is going up because hyperinflation is setting in. Its very nasty and quick.

[simplewhimsy]

Soon we will have a fresh batch of bright eyed, rosy-cheeked college graduates to enter the job market. I'm looking forward to that.

[RetardedAdult]

I work at a college and in 2 weeks this years class will graduate. Each year, as I look out over the quad at the thousands of graduates I wonder where will they go, what will they do? This year I know they will go home and live off their parents for years to come, with no means of self-support. Now multiply that by every college in the country and you get an idea where things are headed. We as a country are royally f'cked.

[mohammedabshaun]

Retarded Adult its a pleasure to really see your thoughts. I usually just see you come down on people. Please let us see more of how you really think instead of the rude comments. Keep it up.

[RetardedAdult]

yes, i'm a multi-faceted entity...now pull my finger, lol

[Deoptics8]

thank you for the outro music Please Please tell us who it is.

[sonnybrakes]

You rock DEMCAD.

The economy is a sewer and it will never get better, I know these things because I called 11 of the last 3 recessions. Each time we come out of a recession the quality of everyone and everything drops and everything gets more expensive. Oh, and taxes go up as well.

[dan020350]

i wonder where will they go and do, those jobless people.

[Stealth0031]

Demcad,

Great vid! Also, you may have already heard this, but the job #'s were partly better because the Govt added 66k (temp) jobs for the 2010 Census. ...I suppose it is still work. Mmmm.

All the best to you,

William

[DEMCAD]

Good Point. But hey...people want to believe in miracles.

[AncestorOfDoubt]

Which is great if you believe God will provide them. When you believe the government will, then you should have the men in the white uniforms and butterfly nets lock you up somewhere.

[NibiruMagick2012]

You got it down about the dow.

What was a dollar worth in 2007 when the dow was 14k compared to the dollars worth now with the dow at 8k? They are printing so much cash it appears the dow is climbing. BUT in reality, with all the extra trillions in the system the value of the dollar is alot weaker in comparison.

Think about it.

[POSSUMTOHIDE]

I think the unemployment figure will be revised later this month, they will add another revision of 70 to 80 million that they missed last month! LOL . This government is just a propaganda game with the media to disguise the truth- the economy is falling down all around us!

[distingquished11]

Mention the unemployment benefits that have run out and it's a whole new ballgame. They also don't mention full time workers who are now working 10hrs/wk I know at least 10 myself. Lord Obama has saved us, in return let's give him our firstborned as a gratitude. If their lucky they will be on his civilian SS youth brigade with those cute little moustaches.

[BrodyLuv2]

Wassup' D!?....Your looking Well.

Anyway,as I see it this current surge in the Stock Markets seems to be a huge Pump and Dump mission(with a few hopefulls hanging on for dear Life)..It has to be a illusionary rally considering the fundamentals on the Ground!

When this one starts to dip I really think there may be no stopping it and confidence would have been lost altogether....But hey,Thats the plan aint it?

Systematic Global Collapse=Problem-Reaction-Solu­tion.

Just be on Your lookout folks.

[techgabe]

We're playing Russian roulette with the economy. Throw a few trillion here and there, and banks make some profit. The problem is, we need to pay back that debt at some point. If the middle class cannot afford to pay their mortgages and higher taxes, losses will accumulate, and all the spending will be money thrown out the window.

[ufish17]

reggie, your intro/outro song is growing on me... what is it?

[DEMCAD]

"I Guess Your Right"

[genghis6l99]

lol anybody who says it's over should be poked in the eye with a dead rabbit

[ExtraTerrestrials]

wtf dead rabbit

[llshamelessll]

its not that oil is going up, it that the dollar is going down. we are starting to see inflation from obama printing trillions and foreign investors dumping their dollars. things are gonna keep getting worse.

[Jcabartlett]

Love your videos

(Feelings aren't going to put out a fire...lol)

Unemployment might be going down, but what they aren't talking about is the fact people are accepting jobs at a lower pay scale than they have made before (Just to have a job to pay bills) Some are also working a second job to make up the difference from the previous job they once had & lost..

So is unemployment really going down...or are people having to settle for less to make ends meet?

Have a great day Reggie!

Christina

[DEMCAD]

Unemployment is still rising. It's just rising at a slower pace.

[sailfished]

mornin reggie from n.w. mt.