Posted on 01/25/2014 7:39:57 AM PST by Kaslin
It is becoming laughable to hear the Obama administration talk about a so-called “recovery.” Supposedly, this “recovery” started in June of 2009; however, in reality our economy is on life support and the latest jobs figures just confirm this horrible news.
In the government’s December labor report, the nation’s unemployment rate dropped to 6.7 percent, which is our lowest rate since October of 2008. While this may be heralded as good news, it is truly disturbing. Unfortunately, only 74,000 new jobs were added last month, the worst job growth numbers since January of 2011.
This is anemic job creation, a fraction of the 200,000+ new jobs needed each month just to keep pace with the nation’s population growth. It is even more shocking since most analysts predicted approximately 193,000 new jobs in December.
Even worse, of the new jobs, 40,000 were temporary positions, not what wage earners need to care for their families. Not surprisingly, the average work week for Americans dropped to only 34.4 hours. So, there are few full time jobs being created and on average Americans are working less. No wonder there are 47 million Americans on food stamps and over 50 million people who are considered poor.
The reason the unemployment rate dropped is that an astounding 347,000 Americans left the work force in December. This means that 5 times more Americans exited the labor pool than located new jobs. Our country now has 91.8 million Americans not in the work force. These are Americans who are receiving benefits, living off their savings or living on the streets. Many of these Americans have given up any hope of finding work and for these poor individuals; the hope of the American dream is over.
We cannot have a “recovery” with no jobs. There can be no “recovery” with a labor force participation rate of only 62.8 percent, the lowest level since 1978. In December, the country’s civilian labor force dropped to 154.9 million. This is occurring at the same time that the population is increasing to 317 million.
If the labor force participation rate was the same today as it was at the start of the Obama administration, the nation’s unemployment rate would be over 11 percent. If that were the case, experts would be worried about an economic “crisis” and not boasting about a “recovery.”
There could be even worse news in future months. Due to Obamacare, the healthcare industry will face a severe crisis. In December, 6,000 healthcare jobs were lost, the first time in 10 years that there have been any losses in healthcare. This trend will likely accelerate in 2014 as the truly disastrous policies of Obamacare are implemented.
If the President was truly concerned about the economy, he would immediately halt the onslaught of Obamacare and start working on pro-growth policies of tax and budget reform and sensible energy policies such as construction of the Keystone pipeline. Sadly, the President is still committed to pro government, anti-growth positions that exacerbated these problems in the first place.
While the administration claims that “Happy Days are Here Again,” the reality is that our economic clouds are darkening and a major storm is coming our way.
When hearing this news if you are a…
Democrat - you hear: “Sunshine, lollypops, and rainbows, everything that’s wonderful is gonna come your way…”
Republican - you hear: “Johnny Angel how I love him and how I hope that someday he’ll love me…”
Conservative - you hear the beginning of Beethoven’s 5th
True, but Senator Obama was among the Democrats who blocked Republican efforts to reel in Fannie and Freddie during the last decade.
And attorney-at-law Obama fought to lower mortgage standards so that "disadvantaged" people could get mortgages, many whom couldn't afford them.
But the free trade idea was being pushed long before Obama became President.
Me too, been looking for awhile now. People who are employed have no idea how rough it really is...
To tell the truth I was once on the Chinese marketplace side.
We have sent far too much however, and China has been far too aggressive in deindustrializing America.
Enough.
Time to aggressively bring back jobs to America.
We need jobs. Right here.
And we need to stop sending money to China.
We need to grow.
We are in a huge competition now with China. Not cooperation. Competition.
America please wake up.
“the job I lost in 2012 is now paying about $4 less an hour than what I was making at the time and there’s a lot more responsibility now.”
This is the elephant in the room that is being hushed in the news; anyone I know who lost a job and found another is making a lot less money (even if they’re doing the same thing). Our wages are being suppressed to meet the rising wages of Asia’s growing middle class (who are working the jobs we used to have).
Look at Detroit. Run by the "rats" for decades.
"$hit and shoved in it"... it's the "rats" trademark.
Thanks for re-posting and allowing me to correct my mistake.
Remember we were in a economic bubble in 2000. so Gore would have continued Billy Jeff's bubble and we would have still been attacked by the terrorists on 9/11/2001. The difference is Gore would have done nothing about it.
I noticed that Carlyle Group (perhaps the most politically connected private equity outfit) is buying trailer parks. That’s likely a good indicator of America’s future.
“I noticed that Carlyle Group (perhaps the most politically connected private equity outfit) is buying trailer parks. That’s likely a good indicator of America’s future.”
Definitely; in my area the flourishing businesses are self-storage, laundromats, pawnshops/second-hand stores, and other businesses catering to Americans with no children/no future. Everything is designed around living in the present.
The same thing is going to happen in NYC, or any city that is controlled by the rats. Unless the voters wake up.
Personal networking is the best way to find something. Forget about the online job sites and all that - they can give you ideas about who might be hiring in your area, but you've got to show up in person and get in front of someone. Otherwise, your resume will land on the pile with thousands of other victims of the Obamaconomy.
Drop me a line if you are interested in or have experience in insurance and/or financial services and I'll see what I can do for you.
That’s the Burj Khalifa. They charge $100 just to ride the elevator to the top.
it took me 5 months to find a decent job in PA. Finally I got hired by the “Evil Empire” {aka UPMC). its a good job with ok pay and swell people.
Good Luck in your Hunt.
I wish it were. But if it quacks like a duck, etc....
As our good conservative professor Walter E Williams has taught us repeatedly, we need not fear trade deficits.
We all experience a trade deficit with our grocer and gasoline supplier. There is no negative effect.
International trade deficits are to individual accounts of corporations, persons, not national sovereign accounts.
The fact that my new job paid 60% of what my old one did and my commute tripled is beside the point. I figured out what I needed to make to support my son and myself. I expected a pay cut and I am still employed at that job.
You have to be realistic in your expectations. And, you have to be flexible. And it really helps if you have Faith!
All that being said, the we are in a Depression, not a recovery. Obama's goal is to destroy this country. He has nearly destroyed the healthcare industry. He is destroying our military. And he is destroying our collective work ethic.
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