Video – Karl Rove and Sean Hannity highlight Obama’s stimulus failures. Continued high unemployment, slow growth, high prices, record food stamps, record youth unemployment.
Post Tagged with: "unemployment"
The Banishment of the Marginal Worker
Unemployment among this generation is frighteningly high all over the eurozone. These people are wandering and lost. They are slumming and rioting from Athens to London, and not one politician in power has a viable plan for what to do about it.
Real Unemployment Remains Over 10% Since June 2008
Despite the stark increase in unemployment since 2008, it matters not where the line ends – currently at 8.3% (official) and 15.1% (U6 alternative) – but rather the lack of any meaningful, sustained improvement for more than two years.
Fewer Nonfarm Employees Now Than December 2000; Unemployment Rate: Some Things Still Don’t Add Up; Obamanomics?
At a very modest labor force growth to 157 million (a mere 90,800 a month since the recession ended), the unemployment rate would be 9.8%. Using Bernanke’s estimate of 125,000 jobs a month, the labor force would be 158,480,000 and the unemployment rate would be 10.6%. Growing at the trend, the unemployment rate would be 11.5%. – Mish Shedlock
A Nation of Government Dependents?
In 2010, 49 percent — or nearly half — of the U.S. population lived in a household receiving government assistance. According to Investors.com, this percentage of the population has gone “up from 44 percent the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.”
The Unemployment Ploy – Making the Bad and the Ugly Look Good
The “jobs added” that Obama is bragging about is a statistical myth. The BLS estimated the “seasonal” decline in jobs in January was less than “it should have been” by 243,000 jobs. This is “seasonal adjusting.” Reporting this as an “increase” in jobs is just plain lying. The BLS even used different seasonal adjustment factors in coming to its conclusion to puff up the numbers to make Obama look good.
One Year Later, Another Look at Obamanomics vs. Reaganomics
Under Reagan’s policies, the economy skyrocketed. Under Obama’s policies, by contrast, we’ve just barely gotten back to where we were when the recession began. Unlike past recessions, we haven’t enjoyed a strong bounce. And this means we haven’t recovered the output that was lost during the downturn. – Forbes.com
CBO REPORT – OMG! – Slower Growth, Higher Unemployment
The report provides a dismal outlook for the economy. I think the CBO report has created a big headache for a good number of folks in D.C. Most of them are running for office this year. They certainly won’t be able to wave the CBO report as a measure of how well they are doing.
Real Unemployment 10% says CBO
“Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent” translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. – Zero Hedge
Nearly 1 Million Workers Vanished Under Obama
In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren’t working, and they aren’t looking- IBD