Obama March Unemployment Numbers Very Disappointing … Only120K Added, Expectations 205K … AlltIme High Record Number of Americans Not in Work Force

 

BIG SWING AND MISS FOR OBAMA’S REELECTION … LOOKS LIKE  FED CHAIRMAN BEN BERNANKE WAS CORRECT IN HIS WARNINGS WHEN HE EXPRESSED DOUBTS THAT RECENT JOB GAINS COULD BE SUSTAINED.

Um, Missed It By How Much?

What was that sound?  It was the unmistakable thud of a this mornings announcement that only a mere 102,000 jobs were added to the work force when all of the economic experts had predicted 205,000 jobs. A miss of epic proportions and so underwhelming that coupled with rising gas prices could spell doom for Obama.

88 MILLION AMERICANS NOT IN THE WORK FORCE … THE OBAMA LEGACY

CNBC reported that only 102,000 jobs were added in March 2012. However, the exerts had predicted that 205,000 were to be added. Oops, missed it by 100,00+.  The unemployment rate dropped from 8.3% to 8.2%; however, it had nothing to do with job growth. It had everything to do with the fact that a record all-time high number of Americans are not in the labor force.  As reported at Zero Hedge, the number of people not in the labor force is back to all time highs: 87,897,000.

U.S. payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.

Employers added 120,000 jobs last month, the Labor Department said on Friday, the smallest increase since October.

Economists polled by Reuters had expected nonfarm employment to increase 203,000 and the unemployment rate  to hold at 8.3 percent.

It would appear that Fed Chairman Bernanke was spot on in his analysis when he provided a warning last month when he stated payroll gains might slow as companies adjust their labor needs for a period of moderate growth. BINGO! Also, as stated by Weasel Zippers, the MSM will never tell you that there is now an All-time high of 88 million not in the work force. However, guess what Barack Obama and Democrats … the 88 million are aware they are not in the work force and will be voting in November 2012.



If you liked this post, you may also like these:

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  • Why We Love Rick Santelli … Blasts Obama and the Idiotic Buffett Rule that Accomplishes Nothing … Must Reduce Spending … Nothing But an Obama Distraction
  • Obamanomics EPIC FAIL … August 2012 Jobs Numbers: New Jobs at 96,000, Missing Expectations; Rate Hits 8.1% Because 368,000 People Left the Work Force
  • Obamanomics: For Every One Person Added to Labor Force, 10 are Deducted from the Labor Force




  • Comments

    5 Responses to “Obama March Unemployment Numbers Very Disappointing … Only120K Added, Expectations 205K … AlltIme High Record Number of Americans Not in Work Force”

    1. A Texas Grandfather on April 6th, 2012 8:40 pm

      Oh boy, the fudge merchants missed again. If you can not remember all the parts to the problem, you can not solve it.

    2. rightknight on April 7th, 2012 12:27 am

      Constant manipulation of the unemployment
      figures and changing of accounting methods
      to suit the ‘Administration’ is tantamount to
      simply lying to the American People! But, as
      Saul Alinsky (Rules for Radicals) states: the end
      justifies the means. I hate being lied to by
      public servants.

    3. 49% of Americans Trust Romney with the Economy, Only 39% Trust President Obama’s Obamanomics | Scared Monkeys on April 14th, 2012 5:29 pm

      [...] an unemployment rate still at 8.2%, a poor showing of job creation in March 2012, an unsustainable record federal debt, waisted tax payer dollars with the Obama [...]

    4. Why We Love Rick Santelli … Blasts Obama and the Idiotic Buffett Rule that Accomplishes Nothing … Must Reduce Spending … Nothing But a Distraction | Scared Monkeys on April 15th, 2012 10:52 am

      [...] we are reminded at the Gateway Pundit, Santelli discusses the real job numbers and the 1.2 million people who dropped out of the job [...]

    5. Another Obama Record … Under Barack Obama, 30 Worst Months of Employment in the Past 25 Years | Scared Monkeys on May 24th, 2012 10:51 am

      [...] record number of Americans are no longer in the workforce under Obama, another record to be proud [...]

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