Jerome Powell mentions that the massive influx of people coming in across our border is a factor in the rise of unemployment, coupled with a slowing hiring rate.

This is obvious to anyone with a brain, but to hear him say it out loud…

Wow. pic.twitter.com/7sKdY7mO1X

— TrashDiscourse (@TrashDiscourse) September 18, 2024

Wait, so… what?

I’m not following this at all.

This guy is claiming that adding tens of millions of people to the population somehow increases unemployment among the local population?

How does that even make sense?

This is clear Nazi propaganda.

New York Post:

Federal Reserve Chairman Jerome Powell blamed the migrant crisis for the nation’s growing unemployment after cutting the benchmark interest rate by 0.5 percentage point on Wednesday for the first time since early days of COVID-19.

“If you’re having millions of people come into the labor force, then — and you’re creating 100,000 jobs — you’re going to see unemployment go up,” Powell told reporters, answering a question about the nation’s current monthly job creation.

“So it really depends on what’s the trend underlying the volatility of people coming into the country.”

“We understand there’s been quite an influx across the borders, and that has actually been one of the things that’s allowed the unemployment to rise,” he said, according to the Wall Street Journal.

“And the other thing is just the slower hiring rate, which is something we also watch carefully. So it does depend on what’s happening on the supply side.”

…

The unemployment rate has been steadily creeping upwards over the last year, with a particular spike in the spring, according to figures from the US Department of Labor.

This type of hatred is illegal in a democracy.

Everyone on earth has a right to live in America. That is who we are. We are everyone on earth.

Those are our values because we live in a rules-based order.

Closing our borders would create lawlessness, and violate our most sacred principles, which is that the border must be open and infinite numbers of poor people must be allowed to poor into our country and undercut American workers while bankrupting social services.

This is what our Founders built. People died for the rights of Venezuelan migrants.

This is why we fought World War II to defeat Hitler: Hitler believed white countries should have borders.

Chicago City Leaders Announce “We’re going to have a (migrant) shelter at this particular location”

The crowd erupts “YOU WORK FOR US, YOU WORK FOR US” (chanting repeatedly) leaders sit there & smile & smirk at the crowd. obvious, none of these people work for us.@SGTnewsNetwo pic.twitter.com/sKps5izFaI

— Karen (@karenpatriot76) September 18, 2024

It’s really hard to believe that 80% of young Americans are not NEETs. But consider: pretty much all women have a fake job that they get for free because they are a ruling overclass, which skews the statistics significantly.

Bloomberg Quint:

Almost one in five young adults in the U.S. was neither working nor studying in the first quarter as Black and Hispanic youth remain idle at disproportionate rates.

In the first three months of the year, about 3.8 million Americans age 20 to 24 were not in employment, education or training, known as the NEET rate, the Center for Economic Policy and Research said in a report. That’s up by 740,000, or 24%, from a year earlier, before many lost their jobs or opted to defer college enrollment as campuses shut down at the onset of the Covid-19 pandemic.

Inactive youth is a worrying sign for the future of the economy, as they don’t gain critical job skills to help realize their future earnings potential. Further, high NEET rates may foster environments that are fertile for social unrest.

The increase last quarter appears to be driven largely by joblessness, while school attendance rose moderately as campuses started to reopen, according to the CEPR study. Young adults are still experiencing double-digit unemployment rates.

…

While the NEET rate has eased from its April 2020 peak, progress on reducing racial disparities hasn’t been as even. Almost a quarter of Black young adults were inactive last quarter, up from 20.9% in the same period of 2020. The rate for Hispanics in that age group was just under 20% and about 16% for White Americans.

See, they don’t mention sex. So basically double those numbers.

Women can always work, no matter what, because the government forces businesses to hire them.

The numbers are not actually real, even when you consider the sex gap.

I mean – 75% of blacks have a job? Does anyone believe that?

No one believes that.

American unemployment numbers are notoriously fake. The problem is that everyone has known this since forever, and has learned to adjust them.

So they have found a way of being even faker. It is like the beautiful game of evolution between predator and prey, where the prey is the growing millions of impoverished and dejected Americans, and the predator is a Kafkaesque monolithic bureaucracy tasked with proving that they don’t exist.

Stamford Advocate:

When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” and the unemployment rate likely should be higher than the widely report 13.3 percent rate.

The special note said that if this misclassification error had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May.

Then why didn’t they just print that adjustment?

The Bureau of Labor Statistics, the agency that puts out the monthly jobs reports, said it was working to fix the problem.

“BLS and the Census Bureau are investigating why this misclassification error continues to occur and are taking additional steps to address the issue,” said a note at the bottom of the Bureau of Labor Statistics report.

Maybe because you keep printing it, on purpose?

Some took this as a sign that President Donald Trump or one of his staffers might have tinkered with the data to make it look better, especially since most forecasters predicted the unemployment rate would be close to 20 percent in May, up from 14.7 percent in April.

That would be too sophisticated.

They just printed the wrong numbers, then said in a footnote that they were wrong, so that the sycophantic press would run with the wrong numbers. And they did.

Then Trump went out and gave a 45-minute speech about how great he is and even the ghost of George Floyd showed up to spread this lie.

He ended up having a much better day than Joe Biden.

OMG! WTH! Can you imagine ⁦@JoeBiden⁩ being @POTUS? He can’t answer a simple question or make a simple statement even with the help of the idiots at ⁦@TheView⁩!Did u catch some of their faces.They can’t believe it either #JoesNotSorry #WalkAway pic.twitter.com/rWZmViMSWe

— Malik Obama (@ObamaMalik) June 4, 2020

People should have listened to me but they didn’t.

Now the masses are distracted by this big dumb stupid event in Minneapolis, orchestrated by Ilhan Omar and the city’s Jewish mayor, and no one is paying attention to the actual events that are happening in real life.

We’re now at about 20% unemployment by official numbers, which are totally wrong.

AP:

The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy.

Despite a few glimmers of hope, most of the latest economic news from around the globe was likewise grim, as some of the world’s most populous countries reported rising infections and deaths. The confirmed U.S. death toll has surpassed 100,000, the highest in the world.

The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans who have filed for unemployment benefits since the coronavirus shutdowns took hold in mid-March.

There were some encouraging signs: The overall number of Americans currently drawing jobless benefits dropped for the first time since the crisis began, from 25 million to 21 million. And first-time applications for unemployment benefits have fallen for eight straight weeks, as states gradually let stores, restaurants and other businesses reopen and the auto industry starts up factories again.

But the number of U.S. workers filing for unemployment benefits is still extraordinarily high by historical standards, and that suggests businesses are failing or permanently downsizing, not just laying off people until the crisis can pass, economists warn.

“That is the kind of economic destruction you cannot quickly put back in the bottle,” said Adam Ozimek, chief economist at Upwork.

This is all still just in the “run-up” phase. Once people start to see the actual damage done, and the fact that no business will remain viable other than the big-box stores, we’re going to see a whole lot more layoffs. We haven’t even reached the halfway point yet.

We will hit 50% unemployment by the end of summer. Then they’re going to do a second lockdown.

This is total free fall collapse into complete poverty.

But hey, watch these black people burn down a police station, goyim.

Shocking development…!

Washington Post:

President Trump and top Republican lawmakers are mounting fresh opposition to extending enhanced unemployment benefits to the millions of Americans who are still out of work, even as the administration released new jobless figures Thursday showing 2.4 million Americans sought benefits last week.

The reluctance by the White House and top GOP leaders drew sharp rebukes from congressional Democrats, who argue the coronavirus outbreak threatens to further ravage the U.S. workforce unless the government authorizes additional aid. Their clash could intensify in the next six weeks, as policymakers stare down a July deadline while the country’s labor market is expected to only worsen.

More than 38.6 million Americans have sought unemployment benefits over nine weeks, the Labor Department reported in its most recent update, illustrating the rolling devastation wrought by the pandemic.

At issue is the enhanced unemployment aid Congress approved in late March, which includes an extra $600 in weekly payments to out-of-work Americans. On Tuesday, President Trump articulated his reluctance to extend those benefits during a closed-door lunch with Senate Republicans, many of whom share his concern that the expanded federal payments deter people from returning to work. The enhanced benefits expire in July.

If President Tweety didn’t want the government to be paying for everyone’s rent and food, he should have prevented this insane lockdown. He should have sent the military in to arrest the governors who took away people’s Constitutional rights.

Instead, he sat back and did absolutely nothing as the US economy was systematically collapsed by a coalition of the media, the Democrat Party and many Republicans.

We are now in a situation where the alternative to giving people huge unemployment and welfare payouts is to let people starve.

The jobs that have been lost are simply never coming back. None of them are. Obviously they weren’t essential, or the people doing them wouldn’t have been fired in the first place. These are all service jobs, doing services that in complete poverty, people are going to have to do without.

This isn’t going to lessen, either. It’s just getting started. We’re looking at a minimum of 50% unemployment. There is now no option whatsoever than for the government to just print money and give it to people while hoping for the best.

We’re obviously now under martial law/mommy law indefinitely, so the government could just start rounding people up and putting them in camps. Or do whatever else they want to do along those lines. Basically, they can now just do whatever they want.

Obviously, this system isn’t sustainable. You can’t just collapse the economy and implement complete tyranny and then expect things to just keep functioning normally. Everything is going to turn third world real fast. But clearly, our malicious overlords have some other plan. Tweety himself doesn’t appear to know what the plan is. I’m starting to become increasingly skeptical that he’ll be allowed to remain in office. Obviously, Joe Biden is a joke, I don’t think the Democrats would put him in if they could. But Andrew “Nipples” Cuomo is still waiting in the wings.

Although at the same time, Tweety is aware that if he loses the election, they’re going to put him and his family in prison. So if things get rough, he might just go ahead and start a massive war, which will keep him in office for at least four more years, and in his mind, allow him to hand-off power to someone who won’t put him in prison.

However, the other important element is this: right now, there are still Republicans who are going along with this lunatic flu hoax. If there was a Democrat in office, zero percent of Republicans would accept open martial law, and you might see some kind of revolt. As such, the elite may view it as valuable to keep Tweety in office as they finish up this transition into this bizarre new form of tyranny they’ve created in the name of keeping people safe from the flu.

I’m not going to make any predictions here, I’m just describing the elements involved.

At this point I also don’t know if it would be better for the people to have Tweety or a Democrat. As I say, if it was a Democrat, the people would be much more aggressive in opposing this martial law. Right now, they’re basically confused, because they love Tweety but his position is confusing.

Ideally, Tweety himself would be more aggressively opposing all of this. But for whatever reason, he bailed and is now agreeing that the virus is super-duper dangerous, and effectively signing off on this martial law/mommy law system.

Ultimately, the people are unlikely to have any say in the election at all. Tweety getting elected in the first place was a fluke; the system underestimated how much fraud was necessary. In this next election, we’re literally going to vote by mail, so there is just no chance it is going to be even remotely legitimate. The elite are simply going to decide whether they want Tweety or someone else.

Worry not, dear goyim.

Once the quarantine is over, everything will go back to normal, and the line will go up again.

Fortune:

More than a month after the coronavirus lockdown forced them to suspend sales, auto showrooms—like small shops and certain retail sectors such as florists and DIY stores—are largely open to the public again. But customers are few and far between.

“Since Monday, I think we have had 10 customers in the showroom,” says Joachim Niersmann, manager of La Linea showroom in Saarbrücken, near the German border with France, on Wednesday afternoon. In better times, the normal footfall would have been on the order of 20 to 25 customers a day.

“Nobody has come by this morning,” says Rasoul Behkalam, owner of Damax Automobile Berlin in the capital’s Wilmersdorf district, also on Wednesday—the Berlin authorities only allowed limited store reopenings for the first time on that day. “People are distancing. We don’t expect much business this year.”

The dealers’ experience highlights one of the many problems facing businesses even once they are allowed to reopen—customer confidence around Europe remains desperately low as the scale of the economic fallout becomes ever more apparent, and as uncertainty remains over the trajectory of coronavirus infections.

…

There’s no mistaking how bad the crisis has been for Germany’s auto sector, and indeed for the wider economy—IHS Markit’s economic-activity statistics, released Thursday, showed a record low that far outstripped analysts’ fears. At the start of April, Germany’s vehicle licensing authority said March car sales were down 38% year on year. In March, industry veteran Ferdinand Dudenhöffer of the University of St. Gallen in Switzerland told Fortune that the Western European market for passenger cars would take around a decade to return to pre-crisis levels.

My apologies, cherished goyim.

It seems that this will take a little longer than we originally anticipated. Just wait a decade, and everything will go back to normal, and the line will go up again.

CNBC:

German consumers are counting their pennies rather than returning to shop in large numbers as stores gradually reopen after being locked down during the coronavirus crisis, the national retailers association said on Wednesday.

Europe’s largest economy allowed stores of up to 8,600 square feet to open again from Monday, along with car and bicycle dealers and bookstores, provided they adhere to strict social distancing and hygiene rules.

On Wednesday, larger furniture outlets were also allowed to open in the western state of North Rhine Westphalia, such as 11 stores of Swedish chain Ikea.

“It was very relaxed, there were no lines, there were no crowds,” said Stefan Stukenborg, head of an Ikea branch on the outskirts of the western German city of Cologne.

The HDE association said the mood among shoppers remained very subdued due to concerns about jobs and finances. “Consumers are in a crisis mode, consumer sentiment is in the doldrums,” a spokesman said.

Yeah, maybe it’s because everyone has no money, and has no idea if they are going to have a job once quarantine ends.

If you think there’s a lot of unemployment now (in America the government is saying 26 million and rising, and the real number is always higher), just wait until all of the businesses that have frozen operations and furloughed employees open back up, and discover that there are no consumers left to sell anything to.

They’re just collecting the welfare Swedes won’t collect.

Breitbart:

Just under 90 per cent of the asylum seekers who came to Sweden at the height of the migrant crisis and have gained permanent residency are unemployed.

Of the 40,019 migrants with permanent residency status who are eligible to work, only 4,574 of them support themselves independently through working, according to Statistics Sweden’s integration database for health insurance and labour market studies (LISA).

A further 9,970 migrants receive money to study in Sweden, while another 18,405 are on municipal welfare programmes. Eight of the ten municipalities which took in the most migrants per population in 2015 also have unemployment rates far above the national average, Aftonbladet reports.

The municipality of Ljusnarsberg took in the most migrants per population, 230 per 1,000 people, and currently has an unemployment rate of over ten per cent.

This was impossible to predict.

But thankfully, Swedes figured out a solution for this.

Professor and economist Per Lundborg said the solution to the problem is to create more jobs that do not require large amounts of training or education.

“Sweden is one of the most high-tech countries in the world, where we streamline simpler jobs. Therefore, the knowledge gap is too large for many of the refugee immigrants who come here,” Lundborg noted.

HAHAHAHAHAHAHAHAHAHAHAHAHA!!!

They’re going from “we need to bring invaders to do the jobs Whites won’t do” to “we need to invent simpler jobs because the invaders can’t do the ones they supposedly came here to do in the first place!”

Sweden is the funniest country in the universe.

The figures come only days after the European Union statistics agency Eurostat revealed that Sweden was now 24th out of 28 member states in terms of unemployment.

Figures released last year showed a stark contrast between the native Swedish unemployment rate and the foreign-born unemployment rate. As a result, many municipalities which took in a high number of asylum seekers in 2015 have recently announced major financial troubles, some on the verge of bankruptcy.

Germany, which took in the most asylum seekers during the 2015 crisis, has seen similar problems getting migrants into work. A 2017 report claimed that the district of Salzlandkreis in Saxony-Anhalt had a migrant unemployment rate of 96.3 per cent.

No problem, I’m sure some genius university professors are trying to figure out how to bring back subsistence farming and charcoal burning as we speak.

And then everything will be fine, and all the pensions will be paid.

And let’s not forget how they stimulate the auto industry

Poor Tyrone is gonna have to get himself an actual job.

The Blacks have been living off our backs for so long, we’ve forgotten that things could ever be another way. The White man has gotten used to the burden, and now sees it as normal.

Sure, Blacks are only a small part of that burden, alongside our welfare program for Israel, international aid to third-world shitholes, affirmative action for minorities and women, and giving social services to illegal immigrants.

But hell, if you’re gonna start cutting off all that crap, you gotta start somewhere. And why not start somewhere hilarious?

GOOD. Turn your attention AWAY from Syria, and towards the worthless negro savages.

NPR:

President Trump quietly signed an executive order Tuesday, directing federal agencies to strengthen the work requirements for various welfare programs. The move could eventually affect recipients of Medicaid, food stamps, housing assistance and cash welfare.

The administration argues that despite low unemployment — just 4.1 percent last month — enrollment in various government assistance programs remains high, years into the economic recovery.

“President Trump endorses reforms that ensure those in need receive assistance while eliminating the economic stagnation that has resulted from long-term government dependence,” said Andrew Bremberg, director of the president’s Domestic Policy Council.

“Long-terms government dependence” is a code-word for “niggers.”

The only problem, of course, is that these Blacks can’t possibly contribute anything to the economy. So they probably won’t be able to get jobs.

Unless we have a good negro work program for them, that is.

Oh, wait, we already do. It’s too bad they need to shoot a nigga before being allowed to participate, though.

Advocates for the poor note that many recipients of government assistance already work, but often earn too little income to pay for rent, groceries and health care on their own.

“Evidence shows that such [work] requirements have few long-term positive effects on employment and often result in families losing help they need to afford the basics,” said Sharon Parrott, a senior fellow at the left-leaning Center on Budget and Policy Priorities.

How do you “work” while not having enough money to pay the bills? Even at minimum salary, working full time should give you more than $1400 a month. How could that not cover food, rent and essentials?

I guess $1400 doesn’t leave much for the rent after buying a month’s supply of crack and gold-plated rims for your car.

“The job pays 3000 dollars a month.”
“Dollars? How much is that in crack, nigga?”

In any case, cutting off welfare for these lazy Blacks is definitely a good thing. If Blacks have to actually work for a living, they’ll probably just move back to Africa where they can do nothing all day and be fine. Well, as fine as the other Blacks there, at least.

Japan is facing similar problems as most White nations – problems like low birthrates and unemployment.

Unlike the White world however, Japan is not taking in infinity brown people forever.

One of Japan’s top economists has gone into the details as to why such a policy is suicidal on a civilizational scale and what can be done to prevent/fix these issues.

Of course, even if those policies were implemented in places like Sweden tomorrow, something would need to be done about the hordes already inside the borders.

But wait.

I thought they were going to help the economy tho?

I mean, they are still going to pay the pensions, right?

Breitbart:

Unemployment in otherwise prosperous central European Austria has risen over the past year, with the greatest increase observed among the migrant community.

The latest figures from the Arbeitsmarktservice Österreich (Austrian Public Employment Service, AMS) show that last month, 410,854 people were employed, some 8.7 per cent of the workforce. While this represented a 5.6 per cent increase on average nationwide, actual incidence of unemployment were highly concentrated in certain areas, and among certain communities.

Rising unemployment was highest among foreigners, who were twice as likely to have become unemployed as native Austrians over the past year, at 14.7-per-cent, reports Der Kronen Zeitung. The length of unemployment is also increasing in Austria, with job seekers now having to search for 126 days on average to find a job, a rise of 19 days since last year.

State by state breakdowns of unemployment shows that as well as joblessness being highly concentrated among foreigners, it is also growing faster in regions of Austria most closely associated with migration and the migration crisis over the past year. Capital Vienna (Wien), which has seen hundreds of thousands of migrants arrive by train from the south witnessed the most rapid increase in unemployment — some 17.4 per cent this year.