ran 3.3 milesIn an article from Investors.com, written by John Merline, we can take a close look at how uniquely unsuccessful Barack Obama’s efforts have been to create jobs. Merline titled the article “Nearly 1 Million Workers Vanished Under Obama” and here are some of the numbers to prove it. And keep in mind the failed stimulus package Obama pumped into the economy, which our children and grandchildren will be born into America owing, when you read them.
It has been thirty months since the recession officially ended and approximately one million people have slipped through the cracks of the labor force. According to the Bureau of Labor Statistics, the labor force has diminished by 170,000 in just the past two months.
In the past nine documented economic recoveries, the labor force numbers had increased by an average of 3.5 million by this point.
The number of people either working or seeking employment compared to the total working-age population is currently 64%, down from 65.7% when the recession was declared over in June of 2009. That is the lowest level since women started joining the workforce in far greater numbers decades ago. The current official unemployment rate of 8.5% would adjust to 11% if this drop were taken into account. And, to raise that number even higher, only those individuals who actively seek work are actually counted as “unemployed”.
547.7 miles to go.
Here is what happened one year ago on Day138.
It has been thirty months since the recession officially ended and approximately one million people have slipped through the cracks of the labor force. According to the Bureau of Labor Statistics, the labor force has diminished by 170,000 in just the past two months.
In the past nine documented economic recoveries, the labor force numbers had increased by an average of 3.5 million by this point.
The number of people either working or seeking employment compared to the total working-age population is currently 64%, down from 65.7% when the recession was declared over in June of 2009. That is the lowest level since women started joining the workforce in far greater numbers decades ago. The current official unemployment rate of 8.5% would adjust to 11% if this drop were taken into account. And, to raise that number even higher, only those individuals who actively seek work are actually counted as “unemployed”.
547.7 miles to go.
Here is what happened one year ago on Day138.
