The new unemployment numbers came out and . . . guess what . . . unemployment dropped to full tenths, from 8.3% down to 8.1%. Great news, right? Well, if you're a superficial (read Democrat) person, yeah it's good news. The problem lies in the source of that number.
Due to population growth, the American economy needs to generate about a quarter of a million jobs each month, just to keep up. Last month, we generated only 96,000 new jobs--30,000 fewer than "economists were predicting."
Note: I have never understood why these pseudo-scientist receive so much respect, they are almost never accurate and we have been reading the words "unexpected" and "unexpectedly"--with a negative connotation--almost monthly for the past 2 years as the economy (predictably to all non-liberals) invariably fell short of economists predictions.With so few jobs being created, why did the official unemployment rate drop? The second figure explains why. There are today, 368,000 fewer people in the workforce than there were one month ago. Four times as many people gave up looking for work as got jobs. In fact, we have fewer people in the workforce today than we have had at anytime in the past 30 years.
The number of work-eligible and work-capable Americans who have left the workforce entirely has now reached 88,921,000. That's 89 million people being carried by the 142,101,000 Americans who are still working.
By Terence P. JeffreyThis cannot be good news for the Obama reelection effort. This report very clearly details the abject failure of President Obama and the Democrat Party policies and their antiquated socialist/government dominated economic philosophy.
September 7, 2012
(CNSNews.com) - The number of Americans whom the U.S. Department of Labor counted as “not in the civilian labor force” in August hit a record high of 88,921,000.
The Labor Department counts a person as not in the civilian labor force if they are at least 16 years old, are not in the military or an institution such as a prison, mental hospital or nursing home, and have not actively looked for a job in the last four weeks. The department counts a person as in “the civilian labor force” if they are at least 16, are not in the military or an institution such as a prison, mental hospital or nursing home, and either do have a job or have actively looked for one in the last four weeks.
(cont'd at link)
The "Obama Record?"
- Fewer people working.
- More people giving up on work
- Stagnant job growth
- Stagnant economy
- Burgeoning debt (something Obama called "immoral" in 2008--it has grown by 51% under his watch)
- Annual deficits in excess of $1 Trillion as far as the eye can see or the economist predict
- Greater racial tension than at any time in the past 40 years
- More intrusive government with the DHS becoming a State Security Force and looking more and more like the East German Stazi
IF WE HAD AS MANY PEOPLE IN THE WORKFORCE TODAY AS WE HAD A DECADE AGO, UNEMPLOYMENT WOULD BE OVER 11%.President Obama and the Democrats thank their lucky stars everyday that so many people have given up hope (Hope and Change, anyone?) and quit searching for work.
Barack Obama, he's worse than you thought.
Long Live Our American Republic!!!!