Posted on 07/07/2012 6:57:46 AM PDT by SeekAndFind
From the American Thinker:
EXCERPT:
The economy created just 80,000 jobs in June, the Bureau of Labor Statistics reported Friday. But that same month, 85,000 workers left the workforce entirely to enroll in the Social Security Disability Insurance program, according to the Social Security Administration.
The disability ranks have outpaced job growth throughout President Obama’s recovery. While the economy has created 2.6 million jobs since June 2009, fully 3.1 million workers signed up for disability benefits.
In other words, the number of new disability enrollees has climbed 19% faster than the number of jobs created during the sluggish recovery
Read more:
http://www.americanthinker.com/blog/2012/07/more_on_the_june_unemployment_figures.html#ixzz1zwgB74yJ
Restore Free Enterprise - that will renew and restore our nation.
This is exactly what happens when you regulate rule and tax businesses to death and all those educated geniuses in Washington have no clue. To top it off the whole works is run by some one whose idea of success is how many people he can get on food stamps and his business acumen is such that he could not even run a popcorn stand if his life depended on it. At times it makes a person wonder if this is not done on purpose, repeating the same mistakes history has shown not to work over and over and expect different results.
Zero is both evil and incompetent. A bad combination for all of us.
very interesting chart. Especially going forward from 1981.
Know for SURE that all the destruction to our free enterprise was done on purpose. Doing harm to the hated USA was Obama’s mission.
My questions are: Where did he get the authority to bypass Congress? Did the Democrats give him this authority? Did the Republicans give him this authority? Did the two parties conspire to allow him to bypass Congress?
Or, it could be made like this:
Obama Jobs Score = (Zero logo)
And this recent health care ruling is pouring more gas on the fire. This job market is not getting better anytime soon.
Total INITIAL [+revised] claims for June: 1,547,000
1,547,000 initial [+revised[ claims for unemployment vs. 80,000 new jobs for the month.
At that rate, it would take over 19 MONTHS just to recover from the June numbers.
Does anyone know if the formula for determining unemployment rates today are the same as those used during the Great Depression? If not, it would be interesting to apply today’s criteria to the 1930s and vice versa.
Shame we have to go across the pond to get the news:
I answere my own question. The unemployment rate for the time period before 1940 was essentially an estimate. If you were FDR, you would want an exceptionally high rate in 1933 and trending lower. That is was in fact happened and what would have happened in any case. The exaggeration, if any, was slight.
Today, however, we have large numbers of disabled and this category was not large in 1940. Today a far larger portion of the potential work force is in school of some sort. They are not counted as unemployed even though unemployment may have pushed them into a school where they can live off loans, grants, etc.
Why am I rehashing all this? Merely because, Romney could justifiably say that Obama has given us unemployment rates to rival those of the Great Depression. Of course he won’t for a variety of reasons. Of course, to do so would be unabashed racism.
**Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.**
As bad as this all is (and it is bad, BTW), I have yet to hear anyone in the GOP cop a clue what it will take to fix this situation.
Jim, I've read many times here on FR that the ShadowStats numbers represents the formula used as recent as the Clinton presidency.
Looks like 22-23%...depression era numbers IMO.
Is there a 'fix' that can be publically revealed?
Isn't it just chaos.... forever? (Or, complete collapse?)
There are only two numbers that really matter. All the rest of this is mumbo jumbo, one-dimensional, fluff. In any particular time period, take a month for example, if the number of unemployment filings is greater than the number of W4 new job filings then the workforce is sliding. Anyone using one to make a point without comparing it to the other is a waste-of-space blowhard and needs to be dismissed as a partisan axe-grinder.
I’m not sure if jobs have actually stopped going out of the country, it seems to be slowing, but until that happens the US workforce prospects will be circling the bowl.
Ahem....
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