When you analyze yesterdays jobs numbers it is hard to walk away with any confidence about the employment picture. We are still hovering close to 10% a year after some ‘experts’ declared the recession over. These are probably some of the same experts who said the stimulus would work. Which of course means that we should not be at all surprised by the discouraging numbers embedded within the data that will go unreported by what passes for objective journalism these days.
Month to Month, 612,000 more people involuntarily became part time workers. Their hours were cut or they took part time work becasue full time work was not available. The optimum word here is involuntary. "Hey Phil, I know you used to be engineer but how about you grab that dish towel so you can afford to keep stocked up on Raman Noodles for a few more weeks?"It’s as if the entire city of Boston just got demoted since last month thanks to Obamanomics.
Year to year there are 300,000 more American’s marginally attached to the work force. So go tell Anaheim California that everyone living there has been detached from the work force since the recession ended.
Year to year another 503,000 people became discouraged, these folks gave up looking for work all together. That means every soul in Dallas gave up looking for a job in the age of the Obama recovery.
So while Obama and the democrats are touting nine months of private sector job growth, they are ignoring a year in which despite that growth, another 612,000 people can’t find full time work just since last month, 300,000 more American’s became marginally attached to the work force over last year, and 503,000 additional people stopped looking for work altogether.
To use my sinking ship analogy from last summer, for every 1000 folks he says he’s got bailing out the ship that were not helping before, tens of thousands more have slowed down or stopped bailing altogether. Paint all the rosy pictures you like, the end result is the same.
There is no such thing as a jobless recovery, unless by jobless you mean Democrat politicians who are removed from office in 2010 and 2012.
Their economic ship is still sinking, and in case you hadn’t noticed, most of the rats in this administration who were responsible for the policy iceberg we’ve been stuck on have already jumped ship.
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