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Gallup's Unemployment Survey Skyrockets As Median Household Income Falls 4.4% Since June 2009
Confounded Interest ^ | 08/22/2013 | Anthony B. Sanders

Posted on 08/22/2013 8:40:55 AM PDT by whitedog57

It has been a tough recovery for Americans, particularly for the middle class. In fact, feeble.

Median household income is down 4.4% since the end of the recession in June 2009.

medincusa

Initial jobless claims rose to 336,000 in the most recent reading. And is above the level when interest rates started rising on May 1st.

ijct10

Unemployment in the 16-19 year old segment is a Greek-like 23.70%, putting a crimp in the savings ability of America’s youth.

un1619082213

And Gallup’s unemployment survey has skyrocketed.

20130822_unemp_0

And the American Healthcare Act imposes a massive increase in healthcare costs on young men.

obamacare-premiums-620xa

7 out of 10 jobs created since January 2009 have been part-time jobs, not full-time jobs.

The FHFA Purchase only index rose 0.7% in June, despite rising mortgage rates. Thank investors for that increase!

freddiefhfaprices

So you can now see why Wells Fargo is laying off so many people in the loan production group. Not exactly a ripe environment for household creation.

Government housing policy of pushing risky loans has been a disaster. Can we try something else?


TOPICS: Business/Economy; Government; Politics
KEYWORDS: householdincome; income; incomefalls; obama; obamacare; taxes; unemployment
Thanks a heap Demoncrats! You own this!
1 posted on 08/22/2013 8:40:55 AM PDT by whitedog57
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To: whitedog57

Thank our “progressive” Government and the Federal Reserve.


2 posted on 08/22/2013 8:41:41 AM PDT by PGR88
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To: whitedog57

In before “unexpectedly”!


3 posted on 08/22/2013 8:51:07 AM PDT by Uncle Miltie (Where's my pressure cooker backpack wmd ricin laced al qaeda terrorist BASSELOPE?)
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To: whitedog57

Sounding more and more like the Old Soviet Union.

Pray for America to Wake Up


4 posted on 08/22/2013 8:51:19 AM PDT by bray (Coming soon: The Republic of Texas 2022)
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To: whitedog57

5 posted on 08/22/2013 8:54:19 AM PDT by massmike (At the heart of every Paul-bot argument is the fear that someone will keep them from their weed!)
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To: whitedog57

BUT ... but, College will be more affordable!


6 posted on 08/22/2013 8:55:02 AM PDT by mikrofon (From the latest campaign stop in Buffalo.)
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To: PGR88; whitedog57

It’s neither democrats nor the Federal Reserve.

It’s the results of 40 years of bipartisan support for low tariffs and free trade agreements that have opened our markets up to competition from low wage labor.

Our citizens benefit temporarily from low priced goods, but then they lose their jobs and can no longer afford the low priced imports.

Meanwhile the portion of our citizens who remain employed still think they are benefiting from low priced imports but don’t associate the fact that they are now supporting 100 million Americans on food stamps with the cheap prices they are paying for imports.

Cheap Imports are EXPENSIVE when you add the indirect costs of American unemployment.


7 posted on 08/22/2013 8:56:20 AM PDT by DannyTN
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To: PGR88; whitedog57

It’s neither democrats nor the Federal Reserve.

It’s the results of 40 years of bipartisan support for low tariffs and free trade agreements that have opened our markets up to competition from low wage labor.

Our citizens benefit temporarily from low priced goods, but then they lose their jobs and can no longer afford the low priced imports.

Meanwhile the portion of our citizens who remain employed still think they are benefiting from low priced imports but don’t associate the fact that they are now supporting 100 million Americans on food stamps with the cheap prices they are paying for imports.

Cheap Imports are EXPENSIVE when you add the indirect costs of American unemployment.


8 posted on 08/22/2013 8:56:20 AM PDT by DannyTN
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To: whitedog57
Obama goes on the tube to say the economy is improving and the media applauds him! We live in bizarre times.
9 posted on 08/22/2013 8:56:44 AM PDT by Baynative (Lord, keep your arm around my shoulder and your hand over my mouth.)
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To: bray

See how good the soup is.

Everyone is waiting in line to get a bowl.


10 posted on 08/22/2013 8:57:47 AM PDT by IMR 4350
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To: whitedog57

What’s surprising about all this is that millions and millions of people are personally doing worse, but somehow not making the obvious connections. The remarkable aspect of the 2012 elections is the mass voting by so many people AGAINST their own personal interests. It was a first.


11 posted on 08/22/2013 9:04:56 AM PDT by ilgipper (Obama is proving that very bad ideas can be wrapped up in pretty words)
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To: DannyTN

And yet, no one wants to talk about WHY those jobs were outforced overseas.


12 posted on 08/22/2013 9:14:32 AM PDT by tcrlaf (Well, it is what the Sheeple voted for....)
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To: DannyTN
It’s the results of 40 years of bipartisan support for low tariffs and free trade agreements that have opened our markets up to competition from low wage labor.

It is also almost 50 years of bad immigration policies that have no correlation to our job needs. We have to create 150,000 jobs a month just to keep up with immigration. The decade ending in 2010 was the largest in our history in terms of immigration--13.9 million-yet we had a net loss of 400,000 jobs during that same period.

The overall size of the working-age native-born population increased by 16.4 million from 2000 to 2013, yet the number of natives actually holding a job was 1.3 million lower in 2013 than 2000.

The total number of working-age immigrants (legal and illegal) increased 8.8 million and the number working rose 5.3 million between 2000 and 2013.


13 posted on 08/22/2013 9:23:53 AM PDT by kabar
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To: mikrofon

“BUT ... but, College will be more affordable!”

Of course college has already been paid by the incoming class. Would have been nice to talk about this before the college loans were applied for.


14 posted on 08/22/2013 9:27:54 AM PDT by EQAndyBuzz (Make today a great day. Insult a liberal.)
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To: tcrlaf
"And yet, no one wants to talk about WHY those jobs were outforced overseas."

Because the argument most people want to use is stupid. They want the U.S. to stop all safety regulation, and environmental regulation and become like the Chinese.

It's not enough that some people want American workers to only make what Chinese workers make. But they want us to wreck and pollute our country with deregulation, the way China is wrecking theirs.

Instead we simply need to protect our market. That would protect both the American real wages AND the ability to have regulations that keep American safe and unpolluted.

15 posted on 08/22/2013 9:30:55 AM PDT by DannyTN
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To: DannyTN

Democrats extreme environmental policies have greatly impacted high paying heavy industry jobs. Just look at the difference between TX and CA as an example of this.


16 posted on 08/22/2013 9:33:29 AM PDT by tatown ("So a Hispanic shoots a black and is acquited by women, but it's still white men's fault.")
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To: whitedog57

Ain’t life grand in Obamaland.


17 posted on 08/22/2013 9:36:49 AM PDT by Starboard
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To: tatown

I’m fine with interstate competition to control excesses. But we need to restore the tariffs that were in place during our country’s first 190 years.


18 posted on 08/22/2013 9:39:45 AM PDT by DannyTN
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To: kabar
"It is also almost 50 years of bad immigration policies that have no correlation to our job needs."

I agree with that.

19 posted on 08/22/2013 9:40:47 AM PDT by DannyTN
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To: whitedog57
The MSM will look the other way - or offer excuses... bad economic news doesn't fit their meme of 'Obama's butt is kissable'... Charming how willing the MSM is to throw away credibility for a guy who will be out of office soon...
20 posted on 08/22/2013 10:32:44 AM PDT by GOPJ (- - NSA - The only part of government that actually listens...Joe Kovacs)
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To: DannyTN

Why do you think a corporation would want to pollute their environment or hurt their workers? You been reading Marx?

Business has a vested interest in being a good steward of both.

Pray for America to Wake Up


21 posted on 08/22/2013 1:54:21 PM PDT by bray (Coming soon: The Republic of Texas 2022)
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To: ilgipper

I tend to disagree.
Obama won on the strength of entitlements funded by Baraqqi/Bernanke/Geithner electronically created money.
Obama voters in general voted in their own interest.


22 posted on 08/22/2013 1:56:48 PM PDT by nascarnation (Democrats control the Presidency, Senate, and Media. It's an uphill climb....)
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To: bray
"Why do you think a corporation would want to pollute their environment or hurt their workers? "

All a company cares about is profits, as it should be. If it's more profitable to pollute while making their products, then they will pollute.

And we've seen that in our country. It's a good part of why we have so much regulation now. Companies acted in their own best interest and polluted. So they got sued and government put in regulations.

Why do you think there is no role for government to define the rules to protect our environment or protect our workers.

And if in defining those rules, costs are imposed our our industries, then shouldn't government provide some protection for those industries against countries whose governments don't require such measures.

23 posted on 08/22/2013 3:35:37 PM PDT by DannyTN
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To: nascarnation
Obama voters in general voted in their own interest.

In that sense, you are right. As long as those individuals have no ambition to make more than modest handouts give them over a lifetime, they voted for their best interest. There has always been a portion of the population satisfied with that. As we have all feared, it may be a tipping point where that number has grown enough to pre-determine national elections. We've seen it happen in California, New York, and cities like Detroit, LA, and many others.

With your view, this voting block cares not about a job or a rising income as is tradition in America. They are satisfied with a handout.

When I look at this, I look at the younger voters in particular who showed up in big numbers despite the fact that they are college educated, but stuck in service jobs living in their parents spare room. I am shocked to see that group vote in large numbers.They essentially were sealing out any chance of getting a career started before they turn 30. One conclusion is that the election became about gays, racism, abortion, fairness, and anything but the economy. Those people fell for the illusion tactics during the campaign.

24 posted on 08/22/2013 9:48:35 PM PDT by ilgipper (Obama is proving that very bad ideas can be wrapped up in pretty words)
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