Unemployment Continues To Rise As Cities Brace For Unrest
NEWS 10/06/2039 5:28 PM ET
Unemployment Continues To Rise As Cities Brace For Unrest
by Tobie Crigg

CC BY 4.0 "Riot Cops" by Tony Webster | Writer image: CC0 1.0 Untitled by AdinaVoicu | Images were cropped. Images used for illustration purposes only. Image changes released under the same license as the original.
Riot police deploy in anticipation of urban unrest.
Unemployment rose above 17% in September according to the Bureau of Labor Statistics, prompting fears of further social unrest and calls for the government to intervene once again.

The BLS reported the economy added only 11,500 jobs last month which was sharply offset by a strong decrease in the labor force participation rate, which slipped under 50% for the first time (49.6%).

The long term unemployed (those jobless for 27 weeks or more) rose to 21 million or 31.5% of total unemployment, while involuntary part-time employment rose to 48.2 million. Involuntary part-time employment absorbs people who have had their hours cut back or were otherwise unable to find a full-time job.

18 million people were counted as marginally attached to the labor force, up from 16.9 million last month. These prospectives were not in the labor force, but were available and desired employment and had searched for a job in the last 12 months. They are not included in unemployment figures because they had not searched for a job in the previous 4 weeks.

The markets fell once again with the release of the data, with the Dow Jones closing at 18,843 and the NASDAQ falling to 9,277 as investors continue to seek commodities.

IBM closed at $831.02 yesterday with sales of Phariax-powered commercial devices hitting a monthly high in September of 22,558. Vetiron, Bosker-Crisp, and newcomer Tragherd - all manufacturers of Phariax devices - all closed higher yesterday.

Speculation is rife as to whether the Federal Reserve will again lower official interest rates, with experts anticipating a further half-point cut to 1.25% as the government looks for ways to stimulate the economy.

"We're looking at everything," said White House spokesman Carruthers Smith, when asked today if the Wennstrom administration was considering new stimulus measures.

Cities around the nation are bracing themselves for a fresh round of protests, following today's unemployment figures, as Americans nationwide continue to feel the effects of robotics on entry-level and middle-class jobs.

The BLS reported last month that 31% of all primary care physicians are now automated, joining financial advisors (60%) and civil lawyers (19%) as the latest formerly high priced casualties in the robot revolution.

In August, riots around the nation killed 8,000 as tensions over continuing high unemployment reached boiling point. Approximately $26bn in damage was done in New York, Los Angeles, Chicago, Miami, Cleveland, and Philadelphia as protesters bemoaned the lack of jobs.

Protesters also directed their fury over the steep rise in inflation, which climbed to 5.1% over the past year.

Major cities across America have deployed riot police in a strong sign they are anticipating mass protests tomorrow. Last month, a robust police presence helped limit loss of life and damage due to protests.

"What we have is a fundamental loss of human respect and...a notion of the right to a working wage," said Americans For Dignity President Rob Shalahan today.

Others noted the continued African-American "inxodus" to Sovereign Black Neighborhoods which promise work and a living wage. Some outside SBN communities feel government subsidies given to the Sovereign Black movement is prioritizing some people over others.

The Department of Justice noted that petty crime has risen dramatically since IBM's first AI model Pharius was released in 2031, quickly chipping away at low-end jobs. Bus drivers, short-order cooks, package delivery drivers, and security guards were the first to feel the effects of the robot revolution.

The Department estimated that shoplifting - mainly small household groceries - spiralled to $120bn nationally last year.
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