(H/T: Business Insider)
(H/T: CNN)
NOTE: the economy has to grow by 250,000 to 300,00 jobs / month just to stay even with population growth.
“Obama – isn’t working”
means
Obama’s Administration has not put the right policies for the economy to achieve that – nor does it seem interested in doing that either.
- Unemployment rate – April – 8.1%
- 39 months: unemployment rate above 8%
- The labor-participation rate: 63.6% (a 30-year low)
(H/T: The Corner)
Note:
- Contrast with the Reagan recover: then, the economy added a population-adjusted 480,000 jobs.
- The average (mean) duration of unemployment is 39.1 weeks, a record high. By comparison, the average duration was 19.9 weeks in January 2009.
- there are still 325,000 less people in raw numbers that hold jobs than there were at the time of his inauguration
- there are almost 8 million more people not in the labor force relative to January 2009 (88,419,000 total)
“Obama – isn’t working”
