Unemployment rate drops to 8.1% and it's not a good thing

Unemployment numbers were released today, revealing a drop from 8.3% to 8.1%. But, is that really accurate? Or have so many people given up on finding a job that the participation rate has skewed the report? This morning on radio, Glenn discussed the jobs report and gave you the information behind the report that this administration doesn't want you to know.

"The number of unemployed is actually up," Glenn told listeners this morning.

Why?

Glenn explained that the participation rate is down, which creates the illusion that more people have found work than really have. In other words, if people hadn't given up on looking for work and turned to government assistance, the unemployment rate would reveal 11.2% unemployment - but to be included in the unemployment numbers, you have to actively be seeking work.

"Food stamps have literally gone through the roof," Glenn reminded listeners. "If the same number of people were looking for work as they were under George W. Bush, if they hadn't dropped out and just gone on to food stamps, that number now would be at 11.2%."

And even that number is likely to be skewed. After Jimmy Carter, the way the unemployment numbers were calculated changed. The real number could be 16% or even higher.

"They're going to tout this as a good thing," Glenn said.

But if that were true, Ben Bernanke and the Fed wouldn't be discussing printing more money right now.

James Pethokoukis at the American Enterprise Institute explained in a recent blog:

"This was not the employment report either American workers of the Obama campaign were hoping for. It shows the U.S. labor market remains in a deep depression, generating few jobs and little if no income growth."

A few of the unsettling details that AEI shares are that non-farm payrolls increased by 96,000 in August (well below expectations), average job growth per month is down from last year, and, like Glenn noted, the participation rate is plummeting.

In fact, according to Reuters, the participation is at its lowest level since September 1981.

"If the labor force participation rate was the same as when Obama took office in January 2009, the unemployment rate would be 11.2%. If the participation rate had just stayed the same as last month, the unemployment rate would be 8.4%."

 

Get more details HERE.

Recently on The Glenn Beck Program, Stu explained what President Obama said unemployment numbers would under his policies...and what they really are - WATCH:

In the president's speech last night at the DNC, he didn't seem to have a change of plans or policies for his second term, so it's likely another four years of this administration would mean another four years of, at best, a stagnate economy.

SHARE this information with your friends, your neighbors and your family, because like Stu has been saying all summer: given everything we now know, if we elect this president for a second term, we deserve everything we get.

The 2020 Radio Hall of Fame Induction Ceremony takes place on October 29, from 7 to 9pm ET, hosted by iHeartMedia's Elvis Duran. The ceremony will broadcast live on radio stations across the country, streamed via iHeartRadio, and on the SiriusXM Triumph Channel, and on Blaze Radio Network.

More information here.

Listen to the ceremony live now.


Protests following the fatal police shooting of Walter Wallace Jr quickly devolved into violence, rioting, and looting in Philadelphia, and BlazeTV's Elijah Schaffer was there to document what the mainstream media won't. But while filming the carnage inside a Five Below on Tuesday, Elijah was surrounded and attacked by looters.

Elijah joined Glenn Beck on the radio program Wednesday to detail his experience and to explain why mainstream media efforts to downplay the violence just show that independent media has never been more important.

"Unfortunately, [the attack] escalated from one person to about a dozen very quickly," Elijah explained. "I'm actually really happy to be alive. Because in that same shopping center, right there, there was a 15-year-old girl who was shot, according to reports. And I heard multiple gunshots throughout the night. Another individual is reported to have heard a gunshot as well, so we try to confirm. I watched people get pummeled beyond belief."

Glenn asked Elijah to respond to mainstream media claims that conservatives are exaggerating the looting and violence in Philadelphia.

"It's so funny to hear people that aren't there try to counter what we're reporting," Elijah replied.

Watch the video below to catch more of the conversation:

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In the final days before the 2020 election, President Donald Trump is gaining among black voters, particularly men, because his record of accomplishments "speaks for itself" and the "façade" that President Trump is a racist "just doesn't ring true," argued sports columnist Jason Whitlock on "The Glenn Beck Radio Program" Tuesday.

Jason, who recently interviewed the president at the White House for OutKick.com, shared his thoughts on why he believes many black Americans — notably celebrities such as Kanye West, Ice Cube, and 50 Cent — are breaking from the "façade" that President Trump is a "flaming racist."

"I really believe the facts are starting to speak for themselves, and that Donald Trump's record of accomplishments, particularly as it relates to African Americans, speaks for itself," Jason told Glenn. "He actually has a record to stand on, unlike even Barack Obama. When [Obama] was president, I don't think he had much of a record to stand on, in terms of, 'Hey, what did he actually deliver for African Americans?' President Trump has things he can stand on and, you know, beyond that I think black people understand when he starts talking about black unemployment rate. And America's unemployment rate. And then, when you add in for black men, the façade we've been putting on [President Trump] … you know, this whole thing that he's some flaming racist, it just doesn't ring true."

Jason suggested that Trump's fearlessness, unabashed masculinity, and record of keeping his promises resonates with men in the black community. He also weighed in on how media and social media's bias plays a huge role in convincing people to hate President Trump while ignoring Antifa and others on the Left.

"I keep explaining to people, Twitter, Instagram, Facebook, they're some of the most secular places on earth. And we've reduced everyone to a tweet, that we disagree with," he added.

Watch the video below to catch more of the conversation:

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Megyn Kelly is not happy about the "disgusting" media coverage of President Donald Trump, specifically pointing to Lesley Stahl's "60 Minutes" interview on CBS Sunday.

On the radio program, Megyn told Glenn Beck the media has become so blinded by the "Trump Derangement Syndrome" that they've lost their own credibility — and now they can't get it back.

"It's disgusting. It's stomach-turning," Megyn said of the media's coverage of the president. "But it's just a continuation of what we've seen over the past couple of years. Their 'Trump Derangement Syndrome' has blinded them to what they're doing to their own credibility. They can't get it back. It's too late. They've already sacrificed it. And now no one is listening to them other than the hard partisans for whom they craft their news."

Megyn also discussed how she would have covered the recent stories about Hunter and Joe Biden's alleged corruption. Watch the video below to catch more of the conversation:


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