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.
I HAVE BEEN SAYING IT FOR QUITE A WHILE WITH THESE $15 MINIMUM WAGE WHINERS, DON’T ASK FOR THINGS, THEY MIGHT JUST COME TRUE …
Workers at McDonald’s and other fast food industries have been whining lately that they deserve a $15/hr minimum wage. Now it appears that if that happens, the human workers might get replaced by robots. It would seem that that at McDonald’s, a robot staffer is cheaper than a malcontent human one. I bet the robots can make change as well and have a better attitude. Who would have thought they were cheaper? Hmm, I did. For years I have been saying, the more folks whine about getting a “living wage” of $15 per hour, they more they would be replaced by machine.
A former McDonald’s CEO is warning that robots will take over jobs at the huge enterprise – because it’s cheaper than employing humans.
He said that buying highly skilled robotics is cheaper than employing people at the fast food restaurant.
The worrying forecast comes as he warns huge job losses are imminent, and that it’s ‘common sense’ to replace humans in the workplace.
This comes as a study into the future of human employment has predicted a surge in machine-led work such as robotic counsellors, body part makers and virtual lawyers.
The worrying research, by professor of management practice at London Business School, Lynda Gratton, and futurologist David A. Smith, suggests that humans will be replaced because robots are able to produce better results.
I think the exact words of warning to those complaining about wanting their pay to be doubled for doing a job that required little to no skill level was the following. By the way, minimum was meant to be a starter job, not your destination and to afford a home and children.
A note to the “Fight for 15? crowd … DON’T ASK FOR THINGS THEY MIGHT COME TRUE. If this BS is actually passed, all of you making $7.25 will most likely be fired and more competent people worthy of $15/hr will be taking your place. Or, if it were me I would automate the system and completely eliminate your position. How difficult would it be to replace order takers with kiosks both inside and outside to go? And sliding your credit or debit card into a machine to pay like at a gas station? Actually, I am surprised this has not been completely done already.
Why People Don’t Trust Hillary Clinton … Hillary Says She Will Put Coal Miners out of Work and then Says She was Taken Out of Conext (VIDEO)
HILLARY PROMISES TO TAKE COAL MINERS IN WEST VIRGINIA JOBS AWAY AND THEN ASKS FOR THEIR VOTE …
Hillary Clinton promises she is going to put a lot of coal miners and coal companies out of business and then comes to West Virginia and tells them lies that she cares about them. I will say this about Hillary, she has more CO-JONES than most men that ran for the presidency. However, once again we are shown that she is a pathological liar and a pandering politician. After making the comments, where she was not taken out of context, that she would shut down coal companies in West Virginia and put even more coal miners out of work, Clinton actually had the balls to go to West Virginia and tell them that she was their friend.
This is the reason why Donald Trump does have a chance against Hillary Clinton. She is your typical lying, pandering politician which is exactly what the people seem to loath this election cycle. The people are sick of politicians saying one thing and then when they are confronted with the very people they affect, they change their tune and lie. Clinton is beholden the the environmental wackos, not the hard working coal folks of West Virginia, Kentucky and Pennsylvania.
These are different times and the Democrat party does not even resemble what it once was, Once a Clinton stronghold, Appalachia now Trump country.
In March, speaking about renewable energy at a CNN town hall, Hillary Clinton described herself as “the only candidate” with “a policy about how to bring economic opportunity using clean renewable energy as the key into coal country. Because we’re going to put a lot of coal miners and coal companies out of business, right? … And we’re going to make it clear that we don’t want to forget those people.”
“Those people” didn’t forget her either, or her words about putting them “out of business,” in part because Republicans had made much of her comment at the time. And on Monday, one of “those people” confronted her at a small roundtable event in Williamson, W.Va., in the heart of coal country.
His name was Bo Copley, who described himself as an unemployed coal worker. Accompanied by his wife and a photograph of the couple’s children, he had a pointed question for Clinton: “How you could say you are going to put a lot of coal miners out of jobs and then come in here and tell us how you’re going to be our friend?” he asked, according to the Associated Press. Copley was variously described as “teared up,” “choked up” and “emotional” as he spoke.
Laid-off coal worker Bo Copley on his confrontation with Hillary Clinton about her comments on the future of the industry
Listen to Whoopi Goldberg be the voice of reason on The View as she does not defend Hillary Clinton’s comments that we are going to put coal miners and coal companies out of business. However, the rest of the female shills for Clinton bent over backwards to defend Hillary’s comments. What a joke, these women, excluding Whoopi, have never seen a coal mine or a coal miner in their life and have never probably picked up a pick or got their fingernails dirty. Listen to them talk, like coal miners need to be taken care of. THEY WANT THEIR JOBS! And thanks to Obama’s war on coal, they have none.
This is most likely the number one reason why you could see Donald Trump defeat Hillary Clinton is a general election. The government doesn’t have to do better by Bo’s family, they have to get out of the way and stop the over-regulation. Bo lost his job because of Barack Obama and his EPA. He told Americans he would shut down the coal industry when he ran for office, what did you think, he was joking? A Clinton presidency would want to make Bo and his fellow workers dependent on unemployment and the government.
Lazy, entitled “Fight for 15′ protesters are asked to leave a TACO Bell in Austin, TX where they were hindering someone trying to work ..
What a joke the “Fight for 15″ truly is. If these people actually knew what it was like to work for a living, they might have a shred of credibility. But these entitled, slack-asses would rather protest and interfere with others right to work and do their job. It is an amazing concept that that making the minimum wage do not comprehend the definition of the word minimum. Maybe they should have been paying more attention in school.
A minimum wage was never meant to be a living wage. NEVER! A job with a minimum wage was never meant to be a career nor meant to be a sole full time job for someone who had kids. It was a starter job not something you strive for. The current minimum wage is between $7.25 and $11.00 depending on what state you live in and these clowns want to raise it to $15.00. Really, who thinks that the last person who could not give proper change back at the last fast food restaurant you were in or the lack of courtesy you were provided should have their pay doubled? Just curious … if the minimum pay is made $15, what happens to the people that were making $15/hr, or $20? Are you going to tell em that their wages should not be increased as well where as all of a sudden, people who were only worth $7.25 are now making more they they are truly worth.
A note to the “Fight for 15″ crowd … DON’T ASK FOR THINGS THEY MIGHT COME TRUE. If this BS is actually passed, all of you making $7.25 will most likely be fired and more competent people worthy of $15/hr will be taking your place. Or, if it were me I would automate the system and completely eliminate your position. How difficult would it be to replace order takers with kiosks both inside and outside to go? And sliding your credit or debit card into a machine to pay like at a gas station? Actually, I am surprised this has not been completely done already.
A group of “Fight for 15” protesters invaded a Taco Bell restaurant in Austin, Texas, on Thursday and invited a worker to go on “strike” to demand more money and better working conditions.
The protesters’ message wasn’t well received by the employee, who said she just wanted to do her job.
After one protester informed her it was a “day of action,” the employee responded sharply, “This is also a job that I am trying to do.”
“Y’all are hindering my work, you may leave the building,” she added.
“I literally from the time I met her 45 years ago ‘til we talked yesterday, she is the best change-maker I have ever known. She always finds a way to make something good happen, to make people feel empowered, to buy people into the process, to make democracy work the way the framers intended for it to work.
Now, if you don’t believe we can all grow together again, if you don’t believe we’re ever going to grow again, if you believe it’s more important to re-litigate the past, there may be many reasons that you don’t want to support her.
But if you believe we can all rise together, if you believe we’ve finally come to the point where we can put the awful legacy of the last eight years behind us and the seven years before that when we were practicing trickle-down economics and no regulation in Washington, which is what caused the crash, then you should vote for her because she’s the only person who basically had good ideas will tell you how she’s going to pay for them, can be commander in chief and is a proven change maker with republicans and democrats and independents alike.”
An update from TEAM Clinton reveals that Bill Clinton meant that the legacy he was referring to was Republicans’ obstructionism. Really? Sorry, but Obama and the Republicans were part of that awful 8 years. You cant have one without the other. Also, as the Washington Examiner reminds us, this is the second time this month that Bill Clinton has slammed President Obama’s economy, the latest a junking of his whole seven-plus years in office as an “awful legacy. Nice spin Slick Willie, but we know exactly what you meant.