Pathetic May 2016 Jobs Report … Obama Economy Only Added 38,000 as Obama Touted the Economy is Great
WTF … 38,000 JOBS ADDED IN MAY … WAY TO GO BARACK!!!
The amazing economy that Barack Obama touted this past week in Indiana created a pathetic 38,000 jobs in May. And as the NY Post reports, it was even worse than that, if possible. 38,000 JOBS!!! This is a beyond unreal bad number as the experts predicted a modest gain of 150,000 jobs. OOPS! But do to the BS way the government calculates the unemployment rate, the unemployment rate fell to 4.7% from 5%. So for the uninformed, they think things are just grand. Even they they are unemployed and on welfare and food stamps. The fact of the matter is that the labor participation rate is at a record low, as a 94,708,000 Americans were not in the labor force in May, 664,000 more than in April. The labor force participation rate dropped two-tenths of a point to 62.6 percent.
The job market went ker-plop in May, which should send new college graduates to the beaches instead of gainful employment, and their tuition-paying parents to psychiatrists.
Let me get right to the bad news. And then I’ll give you even worse news, so you’d better pull up a beach chair.
The Labor Department reported on Friday that the nation’s economy added only 38,000 jobs in May.The experts expected a modest gain of 150,000 jobs, so the actual figure is like setting off a bomb at a gas station.
May’s gain was not only well below the consensus but much lower than the previous two months, whose figures were revised sharply downward. In total, there were actually 59,000 fewer new jobs in March and April than previously estimated.
But it gets even worse than that.
Of those 38,000 new jobs the government said were created in May, only 25,000 were in the private sector, which means that if it weren’t for the fact that governments somewhere found money to hire people, then growth would have been reduced by nearly a third.
When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce — some of them retiring and some just quitting because they can’t find work.
“By almost every economic measure, America is better off than when I came here at the beginning of my presidency,” President Obama told the people of Elkhart, Indiana three days ago. “We cut unemployment in half, years before a lot of economists thought we would.”
The unemployment rate in May dropped to 4.7 percent, BLS reported, less than half of its Obama-era high of 10 percent in October 2009.
But the labor force participation rate has deteriorated over Obama’s two terms.
When Obama took office in January 2009, shortly before the recession ended, the labor force participation rate was 65.7 percent. The following month, it reached an Obama-era high of 65.8 percent, and then it began its seven-year downward spiral, hitting 62.4 percent in September 2015, its lowest point since 1977.
The 62.6 percent participation rate in May 2015 compares with 62.8 in April and 63.0 in March. (BLS noted that the rate has declined by 0.4 percentage point over the past two months, offsetting gains in the first quarter.)
In May, according to the Labor Department’s Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 253,174,000. Of those, 158,466,000 participated in the labor force by either holding a job or actively seeking one.
The 158,466,000 who participated in the labor force equaled 62.6 percent of the 253,174,000 civilian noninstitutional population.
THANKS BARACK OBAMA …
Welcome to Obama’s 2014 Thanksgiving for America. As reported at CNS News, nearly one in five U.S. households will celebrate Thanksgiving on food stamps this year, according to the latest data from the U.S. Department of Agriculture on participation in the Supplemental Nutrition and Assistance Program. Don’t worry though, the Obama’s wont go without, let them eat
They don’t call him the Food Stamp president for nothing. But then again, he likes a government dependent class of people.
As of this August, according to the most recent data released by USDA, there were 22,729,389 households on food stamps. That equaled 19.75 percent of 115,048,000 households in the country at that time.
In each of the two previous fiscal years, the percentage of American households on food stamps in the average was near 20 percent, hitting 19.4 percent in 2012, 20.4 percent in 2013.
As of August, according to the Department of Agriculture, there were 46,484,828 individuals in the food stamp program.
NBC/WSJ Poll: Barack Obama Approval Rating Hits All-Time Low … Also, 71% Say Country Headed in Wrong Direction
AMERICANS ARE FINALLY FED UP WITH BARACK OBAMA’S DISASTROUS PRESIDENCY … HOW’S THE “HOPEY-CHANGEY” STUFF WORKING OUT FOR YA?
In the most recent NBC/WSJ poll, Barack Obama’s approval rating has hit an all-time low as only 40% approve while an overwhelming 54% disapprove. It appears the American people have finally grown weary of Obama’s disastrous presidency and 6 years into “Hope and Change,” Barack Obama has no one else left to blame but himself. He has had his opportunity to make positive change, and has only made things worse. An amazing 71% say that the country is headed in the wrong direction, while only 21% say we are on the right track. This number can be easily explained when individuals looks at the domestic and foreign policy issues and see nothing positive. The recession continues as the real unemployment rate is closer to 18%, the US debt continues to spiral out of control, median incomes are down, the US-Mexican border crisis, scandals abound and the the Middle East on the brink, failures in Iraq and Afghanistan, rise of terrorism and Obama siding with, not our allies. Even liberal Democrats have come to the reality that he is nothing but a liar.
Other poor poll results for Barack Obama handling domestic and foreign policy issues:
- The economy: 53% disapprove – 42% approve
- Foreign policy: 60% disapprove – 36% approve
Six in 10 Americans are dissatisfied with the state of the U.S. economy, more than 70 percent believe the country is headed in the wrong direction, and nearly 80 percent are down on the country’s political system, according to the latest NBC News / Wall Street Journal poll.
The frustration carries over to the nation’s political leaders, with President Barack Obama’s overall approval rating hitting a new low at 40 percent, and a mere 14 percent of the public giving Congress a thumbs up.
“We’re in the summer of our discontent,” said Democratic pollster Peter Hart, who conducted this survey with Republican pollster Bill McInturff. “Americans are cranky, unhappy… It is with everything going on the world.”
What’s more, a combined 71 percent say the recession personally impacted them “a lot” or “just some,” and 64 percent say it’s still having an effect on them.
Then there are these numbers in the poll:
- 40 percent say someone in their household lost a job in the past five years;
- 27 percent say they have more than $5,000 in student-loan debt for either themselves or their children;
- 20 percent have more than $2,000 in credit card debt they are unable to pay off month to month;
- 17 percent say they have a parent or a child over 21 years old living with them for financial or health reasons.
Check out the average job approval polling at RCP, if not for that bias Republican Rasmussen poll, Obama’s average approval would be at 40%.
Welcome to Obamaland: Food Stamp Recipients Outnumber Women Who Work Full-Time, Barack Obama … The Food Stamp President
Welcome to Barack Obama’s ‘Hope & Change’… welfare instead of jobs.
What happened to the country I grew up in, the Food Stamp edition. Since 1969 there has been a 1,552% increase in food stamp recipients. ARE YOU KIDDING!!! There were only 2,878,000 people on food stamps in 1969 as compared to the current 44,758,000. That is simply astonishing and unsustainable. The number of food stamp recipients has increased so much, that for 2012, the number of people participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States.
Check out in the chart below the vertical red line increase of food stamp recipients since Obama took office in 2009. They don’t call Barack Obama the Food Stamp president for nothing. His moniker has been well earned. Also check out on the same chart the stagnate blue line of woman who work full time under Obama’s administration. This is Obamanomics and the real war on woman. Obama has been nothing more than an EPIC FAILURE!!! America, we better right this ship before it is too late.
People participating in the food stamp program outnumbered the women who worked full-time, year-round in the United States in 2012, according to data from the Department of Agriculture and the Census Bureau.
In the average month of 2012, according to the Department of Agriculture, there were 46,609,000 people participating in the food stamp program (formally known as the Supplemental Nutrition Assistance Program). That contrasts with the 44,059,000 women who worked full-time, year-round in 2012, according to the Census Bureau’s report on Income, Poverty and Health Insurance Coverage in the United States.
For each woman who worked full-time, year-round in 2012, there was slightly more than 1 other person collecting food stamps.
In 2013, the average number of people on food stamps increased to 47,636,000. The Census Bureau will not publish its report on Income, Poverty and Health Insurance Coverage for 2013, which includes the data on women working full-time, until September.
The Department of Agriculture’s website lists the annual average number of food stamps participants going back to 1969. That year, there were only 2,878,000 people on food stamps. Since then, food stamps participants have increased by 44,758,000—or about 1,552 percent.
Protein Wisdom opines on some not so good coincidences between the Carter and Obama presidencies. Why exactly did you reelect this disaster?
For those into trivia, those three years (and 2013 is likely to join them as the fourth) took place under the Carter and Obama Administrations.
As did the ruthless arrogance of Muslim extremists and Communist Russians.
Again, probably just a coincidence — and even if it’s not, Obama’s reelection proves that women and minorities love them some other people’s shit, and don’t much care if that turns them, effectively, into slaves of the state. Because they’ve been empowered by “self-esteem,” which allows them to justify and rationalize away their own near-permanent state of being.
Former President Jimmy Carter May not be Dead, But his Presidency Was … Donald Trump Makes Reference at CPAC to the “Late, Great Jimmy Carter” … I’m Not Dead Yet!!! (VIDEO)
Former President Jimmy Carter needs to borrow a line from Monty Python and the Holy Grail … I’m Not Dead Yet!!!
It would appear that Donald Trump was a bit premature in announcing the death of “the late, great Jimmy Carter (VIDEO).” Yesterday at CPAC, The Donald compared the Obama presidency to that of the disastrous, failed presidency of Jimmy Carter. Trump stated that Obama’s job approval numbers at 38% were now in Jimmy Carter territory and that he never thought he would see another presidency like the late, great Jimmy Carter. Oops. Make no mistake, Jimmy Carter, 39th President of the United States has not passed away. However, Carter’s presidency was.
“We’re getting into Jimmy Carter territory, and I never thought I’d see anything like that again,” he said as the audience chuckled. “I lived through that time and it was not a good time and we’re pretty close – I think maybe by next month we will have surpassed the late, great Jimmy Carter.”
With Barack Obama’s failed foreign and domestic policies and adverse impact on America, it would look like from his falling polling number, Obama’s presidency is dead as well.