Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By The Liberator
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Financial Crisis Alert: Half A Million People Drop Off Workforce In One Month, Bank of America To Cut 2100 Jobs, Shut 16 offices, HP Has Chopped 22,700 Jobs Since Last Year, Polled Unemployment Soars To March 2012 Levels!

% of readers think this story is Fact. Add your two cents.


 

ALERT SHOCKING REALIST NEWS Half a million people drop off workforce

Record 90.5 Million Out Of Labor Force As Half A Million Drop Out In One Month; Labor Force Participation Rate Plunges To 1978 Levels

While the Establishment survey data was ugly due to both the miss and the prior downward revisions in the NFP print, the real action was in the Household survey, where we find that the number of people not in the labor force rose by a whopping 516,000 in one month, which in turn increased the total number of people outside the labor force to a record 90.5 million Americans.

And what is even worse, the Labor Force Participation Rate declined from 63.4% to 63.2%: the is the lowest print since August 1978!

http://www.zerohedge.com/news/2013-09-06/record-905-million-out-labor-force-half-million-drop-out-one-month-labor-force-parti

BofA to cut jobs in mortgage business: report

LOS ANGELES (MarketWatch) - Bank of America Corp. BAC -0.07% plans to cut roughly 2,100 jobs at its mortgage business, with demand for loans weakening as interest ratesincrease, according to a Bloomberg report Monday. The second-largest lender in the U.S. will also close 16 mortgage offices across the country, said the report citing unnamed sources familiar with the matter. About 1,600 employees who helped process home loans were notified of the layoffs on Aug. 29, and the reductions are expected to be completed by Oct. 31, said the report.

http://www.marketwatch.com/story/bofa-to-cut-jobs-in-mortgage-business-report-2013-09-10

zerohedge ‏@zerohedge 5 min
Since Lehman, revolving credit has declined by $165 billion; non-revolving credit has increased by 475BN

HP has chopped 22,700 jobs since last year

HP is slicing jobs at a faster-than-expected rate.

 

The company has axed 27,700 people from its workforce, out of the the 29,000 it plans to cut, it said Monday in an SEC filing.

HP originally announced the layoff plan in May 2012, saying it would cut 27,000 (about 8% of its workforce) and then, in September, said it would cut 29,000.

HP also said the layoffs would happen very slowly, over about two years, ending at the close of its fiscal 2014 which is October, 2014.

Six months ago, in February, CEO Meg Whitman said HP had axed 15,000 employees, or was about half way done.
Read more: http://www.businessinsider.com/hp-cut-22700-jobs-2013-9#ixzz2eTpQYSkW

Gallup: Unemployment Rate Is 8.6 Percent for August

BLS isn’t the only organization tracking employment. Gallup also assesses the nation’s labor conditions, and according to its data, unemployment rose from 7.8 percent in July to 8.6 percent in August, a jump CNBC describes as “startling.”

When including the individuals who are underemployed, Gallup reports a staggering unemployment rate of 17.7 percent. 

Compare that to government figures from July, when the jobless rate was 7.4 percent, or 14 percent when including the underemployed and those who have quit looking, and it seems that there has been a sudden surge in unemployment.

Gallup’s data is based on a 30-day rolling average. The organization says, “because results are not seasonally adjusted, they are not directly comparable to numbers reported by the U.S. Bureau of Labor Statistics, which are based on workers 16 and older.” Gallup tracks data on people 18 and older.

Read more: http://www.moneynews.com/Economy/Gallup-unemployment-BLS-jobless/2013/08/23/id/521925

BLS, We Have A Problem: Polled Unemployment Soars To March 2012 Levels

Read more at http://investmentwatchblog.com



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 4 comments
    • Anonymous

      Workers are being laid off at Lockheed as well. The old system is being wound down so a new one can “save us”.

    • JustAComment

      There’s nothing so intentional, all you people who believe there are all these executives out there, looking to crash the system to get a new one: the idea of such unanimity and such a wide ranging conspiracy is laughable. The truth? The greedy powers-that-be crap where they sleep, would eat the goose that lays they golden eggs for a little more profit, send your jobs overseas, whatever, until you can’t buy the stuff they hawk. They’re morons. That there are some political globalists is one thing, but the mess the entire system is in, like most all historic calamities, is the child of human vanity and stupidity.

      James 5

      1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
      2 Your riches are corrupted, and your garments are motheaten.
      3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

      Psalms 14

      1 The fool hath said in his heart, There is no God. They are corrupt, they have done abominable works, there is none that doeth good.

    • YellowRoseTx51

      Highly inaccurate. Around 6 months ago, some entrepreneurial guy crunched all the hidden figures and added them it at that time. There are 100 thousand kids that graduate college and look for jobs each quarter and this translated to more than 60% of kids out of work. There are people who dropped out of the work force and off the ptb records, and that was in the hundreds of thousands each month as well. This is why they were then claiming all those ‘nere do wells’ on food stamps were the problem! The food stamp application, and hunger issues in America, increased by 40%. Then you have the death toll created by Covet Means, and our population which was at 350 million, was then listed at 311 million on the debt clock and this last spring they posted the population count at 308 million. How many times they rework these figures and drop and alter the tables is anyone’s guess. They are pathological liars.

      6 Months ago, the published figure was 101 Million Americans without a job and that included the kids and people no longer being counted on the ptb records as ‘unemployed’. More than 10 million in difference on the official ptb count this time, and last time it was a 50 million difference. And if they are saying 90 million then I have to bet that the figure is now closer to 160 million without a job and falling into ever deepening poverty and hunger.

      These things look dire, its true. There was an article the other day that said Gods judgement was upon us, he wasn’t going to help. I refute that. The problem stems from a misunderstanding created by the ptb education system when they erased our real history. Corporations and the Money system (Debt Slavery) were Created by the “Babylonian Slave Queen, Selene” whose Saxon name was Queen Elizabeth 1; and they created it by the Vatican Latin Canon laws. The system was created as a specific form of slavery of mankind, and entrainment to the Left Hand Path of SET. Entrainment to Service to Self: A Sociopath It is done by placing Profit Concerns above Life Concerns. The esoteric law states “Nothing of the Old may move Forward”. What you are witnessing is GOD fighting back to free mankind; a hard reset. There is a system of existence you have forgotten, pieces of it are still buried in the U.C.C. codified laws (3-409) and that will be put back into place.

      The more people that are freed of the Corporate rule, the less ability the ptb have to use these people against the public. The more people who are freed of Money systems, the less people owe a debt to Selene(QE3) whose Coven name is “Lilith”. QE 1,2,3, is not ‘quantitative easing’ it has always been a dual name system. It is queen Elizabeth’s executive orders for the extraction of the nations under covet means, with premeditated intent to cause mass murder. This is why Covet Means was punishable by the Death Penalty under Common Law. It is a specific method of Warfare, and used by a specific “monolithic” group who ‘opposes’(War) Mankind…in the War in Heaven. They ‘religiousized’ a very real war. And that war is ending and mankind who has won, will go free.

      • ElOregonian

        I absolutely concur. Excellent explanation and great insight-fulness.

    MOST RECENT
    Load more ...

    SignUp

    Login