Where is Occupy Wall Street?

The June non-farm payroll report showed an increase of 175,000 jobs above the expected of 165,000. The unemployment rate ticked slightly higher to 7.6%. The average growth in job creation over the last three months, after revisions, has been 155,000 per month.

To absorb the 3 to 8 million job losses since 2007 the economy would have to add at least 250,000 new jobs per month. The June report does not help the 4 million long term unemployed in the US.

Yet Wall Street was euphoric by rallying 207.5 points or 1.4% on Friday, the second biggest gain this year. Does this seem like a disconnect to any one paying attention?

Here is why:

The Corporate Elite on Wall Street, do not want too many jobs added. Therefore too many people would be paying their bills with some money left over. In their opinion that would be a heated economy and force the Fed to taper off the bond buying programs that lower interest rates. There is nothing like cheap money as the drug of choice for the corporate profit mongers.

As an analogy, the job market is like a game of musical chairs. Too many chairs in the game would be too many people playing or with jobs. That would mean wages and inflation might rise (both are sorely needed).

Then the reserve pool of unemployed may dwindle. Thus reducing the army of workers available at the discretion of the Corporate Elite, and they like controlling the chairs in the game.

For those still unemployed this is possibly the worst job market in American history. The answer lies in a system revolution that favors Main Street over Wall Street. Occupy Wall Street had it right, until it was militarily crushed by you guessed it, the Corporate Elite.