Another Abysmal Jobs Report … Only 113,000 jobs Created in January 2014 … Unemployment Rate Down to 6.7%
Obamacare, Obamanomics and Barack Obama’s disastrous redistribution policies continue to create uncertainty and poor jobs reports …
January’s Jobs report shows that a meager 113,000 jobs were created, falling far below forecasters’ predictions of 185,000 new jobs. How are jobs supposed to be created in an environment where Barack Obama and his minions cause uncertainty and pass so many regulations on business that it makes it impossible? According to how the administration talks about Obamacare, no one has to work anymore, they got their Obamacare and subsidies.
Our plan is working perfectly to transform America into a third world country
The U.S. economy added just 113,000 jobs in January, a small improvement over December’s disappointing report but not nearly enough to signal a much-needed rebound in the increasingly unpredictable U.S. labor market.
The number of jobs created fell well below forecasters’ predictions of 185,000 new jobs.
The headline unemployment rate was 6.6%, according to figures released by the U.S. Labor Department, down from 6.7% in the prior month.
From CNBC: Stocks Fall on poor jobs report.
U.S. stock-index futures turned higher, reversing course on losses that came in the immediate aftermath of the January jobs report, with fewer Americans finding work in January than estimated, but the unemployment rate fell.
“Mitigating some of these negatives is the unemployment rate ticked a bit lower and the labor participation rate ticked up. Both of those are good things,” said Chris Gaffney, senior market strategist at EverBank.
The government reported the creation of 113,000 jobs in January versus expectations of 185,000. The jobless rate fell to 6.6 percent versus an expectation of 6.7 percent.
Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult
women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent),
and Hispanics (8.4 percent) showed little change in January. The jobless rate for Asians
was 4.8 percent (not seasonally adjusted), down by 1.7 percentage points over the year.
(See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,
declined by 232,000 in January. These individuals accounted for 35.8 percent of the
unemployed. The number of long-term unemployed has declined by 1.1 million over the year.
(See table A-12.)
Check out what the REAL Unemployment rate looks like.
Tea Party Response to Obama’s SOTU from Sen. Mike Lee (R-UT) … Calls Obamacare an “Inequality Godzilla.” that Has Robbed Americans of Their Insurance, Doctore, Wages and Jobs
I hate to say we told you so America, but we told you so …
Sen. Mike Lee (R-UT) provided the Tea Party response to President Barack Obama’s State of the Union address blamed big Democrat, progressive, liberal government for the problems that Americans face and no greater example of out of control, over-reaching, over-spending and over-stated than the presidents signature piece of legislation, Obamacare. Lee referred to Obamacare as an “Inequality Godzilla, that has robbed working families of their insurance, their doctors, their wages and their jobs.” Kudos to Senator Lee for also placing blame at the hands of establishment Republicans as well for the problems we face as he stated, “they can be just as out-of-touch as the Democratic Establishment.”
“This inequality crisis presents itself in three principal forms,” Lee (R-Utah) said. “Immobility among the poor, who are being trapped in poverty by big-government programs; insecurity in the middle class, where families are struggling just to get ahead, and they can’t seem to get ahead; and cronyist privilege at the top, where political and economic insiders twist the immense power of the federal government to profit at the expense of everyone else.”
“Obamacare – all by itself – is an inequality Godzilla that has robbed working families of their insurance, their doctors, their wages and their jobs,” Lee said. “Many Americans are now seeing why some of us fought so hard to stop this train-wreck over the last four years.”
“I believe we need to do what Americans have always done – come together and press for positive change. Protesting against dysfunctional government is a great American tradition, going back to the original Tea Party in Boston, about 240 years ago,” Lee said. “Americans have a natural instinct to stand up and speak out when they know something is wrong. … Unfortunately, in recent years, we have had no choice but to engage in a number of protests against our current president’s Washington-centered agenda.”
The truth of the matter is that income inequality has risen under Barack Obama.
Barack Obama Weekly Address: The Imperial Sith Lord Obama Says, “Where Congress Isn’t Acting, I’ll Act on My Own”
Barack Obama’s Weekly Address, BLAH, BLAH, BLAH, LIE, LIE, LIE …
As if President Barack Obama has not done enough damage to the economy and the country, Obama is now doubling down and going try and finish the job of destroying America. Obama claims that 2014 is going to be a year of action and during his Weekly Address that he will move forward and act alone without Congress on certain issues if he can’t gain the legislative body’s cooperation. His exact words were, “I want to work with Congress on proven ways to create jobs.” Work with Congress, since when? Proven ways, like what … increasing the minimum wage, Obamacare, extending unemployment, amnesty for illegals and raising taxes? All are proven ways to reduce jobs and create a further government dependent class. This rhetoric is coming off his earlier comments this week, that he has a pen. This is not leadership, it’s authoritarianism and Unconstitutional.
This lying clown has been promising jobs for 5+ years and all his policies have provided us is extended long term unemployment, record number of Americans on food stamps and record low job participation rates.
So the Sith Lord says he is going to act alone and act without Congress. Take a good look at what Obama considers his signature piece of legislation. Obamacare was passed with no GOP support and he had to beg and make sweetheart deals like the Corn Husker kickback and the Louisiana Purchase to bribe Democrats into supporting it for passage. Just curious, how is Obamacare working out for America? Do you honestly want this man f’ing up immigration and the rest of the economy?
However, it is not the GOP that Obama needs to worry about in 2014, it is his own Democrat party. With Barack Obama’s job approval ratings barely in the 40′s and with Obamacare a continuing nightmare for Americans, Obama is not a wounded lame duck president, he is a toxic one. What Democrat is going to want to sign on to any unpopular Obama idea and if Obama plays the “executive order” card to bypass Congress, he will further destroy the Democrats in the 2014 midterms.
Barack Obama’s Job Recovery … US Economy Adds 74K Jobs in December 2013, Unemployment Rate Falls to 6.7%
BARACK OBAMA … EPIC FAILURE!!!
The Obama jobs recovery is a complete disaster. The DOL reported this morning that 74,000 jobs were added in December. the fewest in three years. Economists were expecting about 193,000 jobs. The unemployment rate fell to 6.7%. Barack Obama will spin this as being some type of great news; however, that is not the case at all. Only 62.8% of the adult population is participating in the labor market, meaning they either have a job or are looking for one. That matches the lowest level since 1978. People have simply just given up looking for work.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing figure ends 2013 on a weak note and raises questions about whether the job market can sustain its recent gains.
The Labor Department said Friday that the unemployment rate fell from 7 percent in November to 6.7 percent, the lowest level since October 2008. But the drop occurred mostly because many Americans stopped looking for jobs. Once people without jobs stop looking for one, the government no longer counts them as unemployed.
No one has anything good to say about Jobs reports:
- The Politico - Jobs report disappoints
- WAPO - Economy added 74,000 jobs in weak December report; jobless rate down to 6.7%
- Even NPR … Jobless Rate Drops To 6.7 Percent; Only 74,000 Jobs Added
Remember when President Barack Obama spoke of the job recovery that was under way … Neither do most Americans!
During Barack Obama first State of the Union Address in 2009 he stated the following: “It’s an agenda that begins with jobs. As soon… As soon as I took office.” Instead he focused 100% on passing Obamacare against the will of the people.
According to the most recent CNN poll, not only is Barack Obama struggling with low job approval numbers and trust issues on Onamacare, with regards to the #1 issue facing Americas today, the economy, 59% things are going badly, only a mere 24% believe the economic recovery is under way. Exactly how long has Obama been making that promise? And instead of making jobs the number one issue, he goes out of his way to destroy jobs with over-regulation and his healthcare and energy agenda. Obamacare has caused business to fire individuals or reduce the jobs from full-time to part-time. An his energy policies are doing their best to destroy the coal industry in the United States.
Americans views on the state of the nation are turning increasingly sour, according to a new national poll.
And a CNN/ORC International survey released Friday also indicates that less than a quarter of the public says that economic conditions are improving, while nearly four in ten say the nation’s economy is getting worse.
Forty-one percent of those questioned in the poll say things are going well in the country today, down nine percentage points from April, and the lowest that number has been in CNN polling since February 2012.Fifty-nine percent say things are going badly, up nine points from April.
Besides an obvious partisan divide, which contributes to a urban-rural gap, the survey also indicates a difference of opinion between younger and older Americans.
So its not just Obamacare that Americans are dissatisfied with Barack Obama. It is coming from all directions and at some point it will reach the point of no return, if it already hasn’t.
Yea, imagine if we actually did what Obama promised and did oil exploration in the US and made dependency on Middle East oil a thing of the past. Imagine if we regulated less and allowed the American industrial machine to take off. Imagine if we allowed for increases in nuclear, clean coal, oil, natural gas and the dreaded fracking
Imagine what we could accomplish if we followed their example. Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs. A future where we’re in control of our own energy, and our security and prosperity aren’t so tied to unstable parts of the world. An economy built to last, where hard work pays off, and responsibility is rewarded.
The very small business jobs that Obama is touting are the very one’s that Obamacare is destroying.
But we have never measured progress by these yardsticks alone. We measure progress by the success of our people. By the jobs they can find and the quality of life those jobs offer. By the prospects of a small business owner who dreams of turning a good idea into a thriving enterprise. By the opportunities for a better life that we pass on to our children.
This recession has also compounded the burdens that America’s families have been dealing with for decades – the burden of working harder and longer for less; of being unable to save enough to retire or help kids with college. [Save enough? How are Americans supposed to save with the increase in energy costs, the price at the pump and high premium costs of Obamacare? Let along college ids can't get jobs.]
The plan that has made all of this possible, from the tax cuts to the jobs, is the Recovery Act. That’s right – the Recovery Act, also known as the Stimulus Bill. Economists on the left and the right say that this bill has helped saved jobs and avert disaster. But you don’t have to take their word for it. [Yea, how did that "Hopey-Changey" stimulus waste of tax payers money work out for you America?]
That is why jobs must be our number one focus in 2010, and that is why I am calling for a new jobs bill tonight.[What was his #1 focus, jobs or Obamacare?]
You don’t need to hear another list of statistics to know that our economy is in crisis, because you live it every day. It’s the worry you wake up with and the source of sleepless nights. It’s the job you thought you’d retire from but now have lost, the business you built your dreams upon that’s now hanging by a thread, the college acceptance letter your child had to put back in the envelope.
The impact of this recession is real, and it is everywhere. [Hmm, doesn't it sound like Barack is talking about the affects of Obamacare on families and businesses?]
Posted November 30, 2013 by Scared Monkeys
Barack Obama, CNN Opinion Research, Consumer Confidence, Economy, Energy, Epic Fail, Jobs, Labor Force, Misleader, Obamanation, Obamanomics, Oil, Over-Regulation, Politics, Polls, PT/FT Jobs, Recession, Restoring America, The Lying King, Unemployment, War on Coal, Wasteful Spending, We the People, Welfare State | one comment
CNBC’s Maria Bartiromo Says ObamaCare Forcing America to Become a Part-Time Employment Country as Businesses Shift to Part-Time Workers
The heck with the Obamacare website glitches, Obamacare has much worse consequences on America and Americans … Obamacare is a full-time job killer.
CNBC’s Maria Bartiromo said on ‘Meet the Press’ on Sunday that “ObamaCare is forcing businesses to shift to part-time workers.” She went on to say that America was “becoming something of a part-time employment country.” However, no one in the MSM wants to address the fact that Obama’s signature piece of legislation is causing American workers to lose their full-time jobs. Isn’t that special, in order for a small minority of people to have access to insurance, all Americans are forced to buy insurance or else pay a tax, and workers are losing money in their pay checks as businesses shift to a part-time work model. Thanks Barack Obama.
Intentional or irony … Obama’s signature piece of legislation kills FT jobs and affects the middle class, the very people he claims to be for? Is it any wonder why Obama is the worst jobs president in modern times.
Maria Bartiromo is sadly100% correct. Check out Zero Hedge, where of the 953,000 jobs created in 2013, 77%, or 731,000 are part-time ones. Many businesses are are now only hiring PT employees in order to avoid Obamacare or are shifting those that were full-time to part-time. Who didn’t see that coming?
Another Disasterous Obama Jobs Report: Only 169,000 New Jobs Created in August …Jule & July Revised Down by 74K Jobs … Black Unemplyment Up to 13% … Labor Participation Rate Falls to 5 Year Low of 63.2%
No wonder Barack Obama wants to start a war in Syria … have you taken a look at the miserable jobs report from yesterday thanks to Obamanomicis and Obama’s failed jobs recover?
Yesterday’s jobs report for August 2013 could not have been more miserable. The unemployment rate fell from dropped from 7.4% to 7.3%, but for all the wrong reasons. A pathetic 169,000 jobs were created in August 2013, but it was the 35 year low of the labor participation rate that actually caused the unemployment rate to drop. Americans are literally giving up and have stopped looking for jobs and no longer counted in the unemployment numbers, To make matters worse, the jobs data was revised downward by a total of 74,000 jobs for June and July 2013. The numbers for teenagers, blacks and Hispanics are a disaster. Among teenagers, the unemployment rate is 22.7%; for African Americans, it’s 13%; for Hispanics, 9.3%.
Obama and Obamanomics has been an “Epic Failure”. But if you want to be on welfare and food stamps, he’s your man.
America, you voted this failed President back in for a second term, why?
“The change in total nonfarm payroll employment for June was revised from +188,000 to +172,000, and the change for July was revised from +162,000 to +104,000.” That means we added 74,000 fewer jobs than we thought in June and July.
CNS News: 90,473,000: Record Number Not in Labor Force–Up Almost 10M Under Obama.
The number of Americans who are 16 years or older and who have decided not to participate in the nation’s labor force has pushed past 90,000,000 for the first time, according to data released today by the Bureau of Labor Statistics.
The BLS counts a person as participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. A person is not participating in the labor force if they are 16 or older and have not sought a job in the last four weeks.
In July, according to BLS, 89,957,000 Americans did not participate in the labor force. In August, that climbed to 90,473,000–a one month increase of 516,000.
Bureau of Labor Statistics report report (age, gender, race, etc.) the unemployment rate among blacks increased the most – almost a full half-point, from 12.6% to 13%.
Among the major worker groups, the unemployment rates for adult men(7.1 percent), adult women (6.3 percent), teenagers (22.7 percent),whites (6.4 percent), blacks (13.0 percent), and Hispanics (9.3percent) showed little change in August. The jobless rate for Asianswas 5.1 percent (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)
Other disastrous jobs data from the worst president ever. Obama claims he is for the middle class, yet has only benefited the top 5%. The very people who voted for Obama, blacks and young voters, have been the most adversely affected by his poor economy policies.
- Under Barack Obama Only 5% Have Recovered from Recession, the Other 95% are Still Experiencing It.
- Teen Employment Hits Record Lows Under Barack Obama Presidency … Great Depression for Teens.
Can’t blame this one on George W. Bush … How can Obama actually says he cares?
How’s that “Hopey-Changey” thing working out for your teens in America? Thanks to Barack Obama, we are witness to a Great Depression for teens. How is it that young people are for Barack Obama when none of them can get a job thanks to is moronic handling of the economy? And they have nothing better to look forward to when they leave their teens as well. Obama has been a disaster for the economy and jobs. He constantly says that he is focused like a laser on creating jobs, but continues to be an epic failure. The teen employment numbers get even worse when you look at race. When comparing June and July 2000 and the same two months of 2013 … in 2000, 61.28% of white teens 16 to 19 held a job, a number that fell to 39.25% this summer. But for African-Americans, the number that was completely pathetic. In 2000, 33.91% of 16 to 19 year old’s holding a job, fell to a staggering low of 19.25 percent this June and July. Good grief, that should be criminal. If Obama was nit black the NAACP would be marching in the streets. Obama has been a disgrace to the black community, yet they support him like he actually cared.
These job numbers border of child abuse.
Obama shakes the hands of unemployed teens
For the fourth consecutive summer, teen employment has stayed anchored around record lows, prompting experts to fear that a generation of youth is likely to be economically stunted with lower earnings and opportunities in years ahead.
The trend is all the more striking given that the overall unemployment rate has steadily dropped, to 7.4 percent in August. And employers in recent months have been collectively adding almost 200,000 new jobs a month. It led to hopes that this would be the summer when teen employment improved.
In 1999, slightly more than 52 percent of teens 16 to 19 worked a summer job. By this year, that number had plunged to about 32.25 percent over June and July. It means that slightly more than three in 10 teens actually worked a summer job, out of a universe of roughly 16.8 million U.S. teens.
“We have never had anything this low in our lives. This is a Great Depression for teens, and no time in history have we encountered anything like that,” said Andrew Sum, director of the Center for Labor Market Studies at Northeastern University in Boston. “That’s why it’s such an important story.”
Is is any wonder why Barack Obama wants to start a war with Syria and take the focus off of his dismal domestic policies, record, failures and scandals?
Posted August 29, 2013 by Scared Monkeys
Barack Obama, Blacks, Campaigner in Chief, child abuse, Child Welfare, Community Agitator, Divider in Chief, Economy, Epic Fail, Hope and Change, Jobs, Labor Force, Minorities, Obamanation, Obamanomics, PT/FT Jobs, Recession, The Lying King, Unemployment, WTF | 2 comments
President Barack Obama … the 5% President. CNBC reports, Obama’s policies have only benefited the top 5%. What else would you expect from the “phony” President who claims he is for the middle class to get their vote and then vacations and hangs with the 1%, or 5% as the case may be. His very policies have helped the rich, not those he claims are his peeps. 95% of Americans are still experiencing the recession.
Ha, and you thought I cared, I cared about your vote, nothing more
How strong the economic recovery has been since the Great Recession ended in 2009 probably depends on viewpoint.
For those in the top 5 percent, the recovery has been pretty good.
As for the other 95 percent, well … maybe not so much.
Post-financial crisis wealth disparity has been well-chronicled.
Federal Reserve Gov. Sarah B. Raskin drew widespread attention with this speech in April that showed how poorly the lower income levels have fared during the recovery, particularly because those demographics have their wealth concentrated in housing and are hit far more severely by falling prices.
The unemployed in lower-income groups also take a hit because they have a more difficult time finding jobs that pay at a rate commensurate with the positions they lost.
The conclusion isn’t pretty:
Huge leaps in the income and wealth of the top 5 percent mask the decline of income and wealth of the bottom 95 percent. Average all wealth and income and it appears that the economy is expanding to the benefit of all, when it fact only the top 5 percent have escaped the recession; the recession never ended for the bottom 95 percent.
And there’s more:
An even better way to create an illusory expansion is to simply not measure trends that would reveal a deepening recession. For example, what percentage of student loans are purposefully taken out as a substitute for income, i.e. used to pay basic living expenses rather than education? Anecdotally, there is plentiful evidence that a great many people are signing up for one class at the local community college in order to get a student loan to live on.
The US Economy in Disarray, Millions Out of Work, Record Number of Americans on Food Stamps … When the Going Gets Tough … Obama Goes on Vacation to Martha’s Vineyard Golfing
More from the ‘Golfer’ in Chief who could not give a damn about the American people or America … Let them eat my putter.
Wow, Barack Obama looks like he is focused like a laser on job creation for American’s doesn’t he? Seriously, how can any one take this president seriously that he cares about Americans working, creating jobs (full time ones), lowering the budget, the Middle East and dealing with the scandals that plague his presidency when he does everything to the contrary. In July 2010 President Barack Obama promised suffering Americans the following:
“I will not rest until everyone American who is able, and ready and willing to work can find a job. And a job that pays a decent wage and has decent benefits to support a family. (VIDEO)”
What was Obama’s answer to the American people … another 100+ wounds of golf as his vacations with “Lief Styles of the Rich and Famous’ on Martha’s Vineyard. Just curious Mr. President, how’s that diversity on Martha’s Vineyard?
Sorry, but what would the MSM, NAACP, liberals et al outrage be if Barack Obama was a White Republican president, the black unemployment was as high as it is? Don’t be deceived by the faux stories that it is going down. The only reason why it has fallen a little is because of PT jobs and blacks have given up and left the work force as well.
HOW DID THIS CLOWN GET REELECTED!!!
EXIT QUESTION … How can any one play so many rounds of golf and still suck at the game? Nice chip Mr. President, NOT!!!
Posted August 12, 2013 by Scared Monkeys
Barack Obama, class warfare, Community Agitator, Democrats, Divider in Chief, Double Standard, Economy, Epic Fail, Food Stamp President, Food Stamps, Golfer in Chief, Jobs, Labor Force, Liberals, Obamanation, Obamanomics, PT/FT Jobs, Unemployment, Vacationer in Chief, WTF, You Tube - VIDEO | 5 comments