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UK: Fancy Working 6 Months For Nothing?

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Some might agree with making people on the dole work for their money but where do you draw the line? The story in the UK is getting worse on this subject and here is the latest. Where does it led to, modern-day slavery? More importantly who benefits?

A thinktank has warned that the British government’s project to tackle long-term unemployment may prove to be a great failure as it involves six months of unpaid work.

The thinktank refers to a new government work scheme being issued across Britain, where up to a million people will be forced to do unpaid work for six months otherwise their benefits will be stopped.

Under the Department for Work and Pensions community action programme, people who have been claiming jobseeker’s allowance for over three years will be forced to work for six months unpaid, or face the consequences of having their benefits completely cut.

The Centre for Economic and Social Inclusion (CESI) predicted that 1.78 million people will be unable to find work through the British government’s current two-year-long employment scheme even they meet the necessary targets.

There is hope depending on a court case taken by a jobseeker.

Meanwhile, a 41-year-old jobseeker who refused to attend the community action programme is waiting to hear from the high court if he had won a judicial review, as he accuses the programme of promoting “slave labour”.

The British economy is being affected by the Euro crisis and if it continues to decline with the current employment schemes, the number of jobseekers are said to reach 1.06 million.

Source: PressTv

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Nightshift Work – Pay Zero

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Want a night-shift job and work for free? Well its yours in Tesco in the UK. After the below advert, there was a major backlash from the public over the Government’s “Workfare scheme”. As the UK unemployment rate has soared, Tesco has taken their opportunity to take advantage of cheap labour. The good news is people power is having an affect.

Several high street names, including Waterstones and Sainsbury’s, have already pulled out of the workfare scheme after trade unions branded the use of unpaid workers ‘unfair’.

The GMB said it was ‘essential to maintain the distinction between employment and unemployment’, adding: ‘Employment means getting paid for doing work that the employer needs to be done. There is absolutely no justification for using jobless people to do these jobs and paying them nothing.’

Applicants for the unpaid jobs are paid the standard rates of Jobseekers’ Allowance – £53.45 a week for under-25s, £67.50 for older staff. If they refuse to complete the work they risk losing their benefits.

 

It gets better. If you think the UK Government had contempt only for the unemployed, check out the plans they had for the sick and disabled.

Meanwhile, it has emerged that up to 300,000 long-term sick and disabled could be forced into unpaid work under plans drawn up by the Department for Work and Pensions.

But the proposals have been met with criticism from charities and mental health experts who suggest forcing people to do even a limited amount of work could be detrimental to their health, the Guardian reports.

1.2 million Drop Out Of US Labour Force In One Month

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It was reported in an article in ZeroHedge, that 1.2 million people dropped out of the labour force in the US in one month. Here is how they arrived at the figure

So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. As for the quality of jobs, as withholding taxes roll over Year over year, it can only mean that the US is replacing high paying FIRE jobs with low paying construction and manufacturing. So much for the improvement.

NFP – US Employment In Three Charts

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As the Non Farm Payroll data comes out today, its important to put it in context. The following two charts help to see through the propaganda bullshit. The first is the labour force participation which is down at a 30 year low. Quite clearly people are dropping out having become disillusioned in their efforts to find work or simplycretiring early.


Source: BusinessInsider

This next chart is created by John Williams at ShadowStats where he gives the true unemployment picture as approved to the Pravda version.

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

Just to give a little further information of the u figures from the Bureau of Labor Statistics.

The Bureau of Labor Statistics also calculates six alternate measures of unemployment, U1 through U6, that measure different aspects of unemployment:[79]

  • U1: Percentage of labor force unemployed 15 weeks or longer.
  • U2: Percentage of labor force who lost jobs or completed temporary work.
  • U3: Official unemployment rate per the ILO definition occurs when people are without jobs and they have actively looked for work within the past four weeks.[2]
  • U4: U3 + “discouraged workers“, or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
  • U5: U4 + other “marginally attached workers”, or “loosely attached workers”, or those who “would like” and are able to work, but have not looked for work recently.
  • U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons (underemployment).

Finally a chart from BusinessInsider showing how long it takes to gain employment after a recession.

It shows the percent job losses in post-WWII recessions and recoveries, and nicely shows how slow this current recovery has been compared to every single other one. We’ve dubbed it the scariest jobs chart ever.

US Unemployment To Go To 25%

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Richard Russell editor of the “Dow Theory Letters” was interviewed on King World News about the state of the stock markets and begged his subscribers to be OUT of stocks. As the steady deterioration of the markets internals are being masked by the MSM, he reckons at some stage in the near future this will caused the DOW to buckle.

 

The aftermath of debt bubbles, when they burst, is measured, not in years, but in decades.  I’ve said before that my signal for the end of this extended top will be that time when the Dow breaks below 10,000.  Once, having violated 10,000, I expect consumers to turn dead-bearish, and I expect the currently optimistic analysts to become pessimistic.

Once again I beseech (beg) my subscribers to be OUT of stocks.  The outlook for the markets, all of it, is now very bearish.  We are watching the greatest debt bubble in history about to deflate, and it won’t be a pretty sight.

All man-made money is a liability of the creator and I am afraid that.  Man-made money is ultimately doomed.  Gold will be the last man standing as it has been over thousands of years.

At the start this site I mentioned that already 6.3 trillion dollars have been lost in this early, and I emphasize, early, stage of the bear market.  The essence of what I foresee ahead — we are now moving into the second half of one of the greatest bear markets in history.  It will not be a time for making money, rather it will be a time for austerity and survival.

As Europe has already embraced austerity, Russell expects the US to follow which will lead ultimately to high unemployment and high inflation.

Europe is already practicing austerity, and shortly I expect the US to follow in its footsteps.  One great problem is that the US’s politicians are trying to avoid pain.  Austerity means pain, and to reduce our consumption and spending means one thing – taking the pain. 

Already the early signs of pain are appearing, and of course what I’m talking about is unemployment well above the present level.  During the 1930s unemployment rose to 25%.  I think ultimately we will again see unemployment above 25% before this bear market ends.

Signs of inflation are now appearing.  Super Bowl ads for this year have already sold out at the price of 4 million per 30 seconds a piece.  Starbucks has just raised its prices.  The prices of oil, silver and gold have surged higher today — all signs of inflation.  Almost all commodities closed higher as well.

 

 

 

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