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.

Obama_Pelosi_Reed

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.

 DOL: THE EMPLOYMENT SITUATION — JANUARY 2014 -

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.

Unemployment_REAL_rates

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.”

CNN:

“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.

Is Barack Obama Really Make Income Inequality a Main Topic at SOTU Address When it Has Increased Under his Presidency? Income Gap Widened Under Obama

Like everything Barack Obama has touched or claims he wants to make better, has become worse under his presidency …

The Divider in Chief Barack Obama is back to his old games of blaming the rich for the evils of society. What else is Obama going to do when he is an abject failure who has only made matters worse since he has been in office? Obama rails about income inequality and that it is the worse problem of out time, yet he is responsible for making the gap wider. From the president who makes class warfare part of his daily agenda and who claims he is for the common man, while demonizing the rich, Barack Obama has widened the income gap during his presidency turning the gap into a canyon.

Obama_income_inequality_Fox News

Click on pic to watch VIDEO of the income gap under Obama

Income inequality — the gap between the rich and poor — is an issue U.S. presidents of both parties have spoken of for years.

President Clinton touted, toward the end of his term, that wages were rising “at all income levels” for the first time in decades. President George W. Bush, toward the end of his, pondered the best way to respond to income inequality, noting some policies “lift people up” and some “tear others down.”

But perhaps no president has hammered the issue as emphatically as President Obama.

In his 2012 State of the Union address, Obama said: “The defining issue of our time is how to keep that promise alive. No challenge is more urgent. No debate is more important. We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by, or we can restore an economy where everyone gets a fair shot, and everyone does their fair share, and everyone plays by the same set of rules.”

But a look back shows that income inequality has grown, not shrunk, under the current president.

“All told, income inequality has tended to get worse under President Obama,” American Enterprise Institute President Arthur Brooks said.

Obama_income_inequality_Fox News2

According to a recent FOX News poll, Barack Obama polls miserably on doing his job on the issue of income inequality. 52% disapprove with how Obama has handled income inequality and only 39% approve. So with Obama failing at an issue he claims to care about, how does he even have the audacity to bring the issue up at the State of the Union Address? Obama’s economic policies have made things worse for those lower income earners, while he has made the Wall Street fat cats richer. Hmm, but I thought Obama hated the rich? Obama has falsely propped up the stock markets thanks to the fed’s quantitative easing which only made the top 5% and 1% more and more money. It is those folks who can afford to take risks in the markets. However, for the average people who Obama claims to care about and tries to talk a good game, according to the recent Fox poll, 74% still feel like the country is in a recession. But don’t worry America, Obama has the answer to fixing income inequality … raising the minimum wage. Good grief, really! With so many people unemployed or underemployed, with so many Americans on food stamps and with so many people having just given up and not even in the labor force, why wouldn’t the gap be larger? When a Democrat party sets out to create a government dependent class of people, why is it that much of a surprise that the gap widens? Recessions affect the middle and lower classes the most.

U.S. income inequality, on rise for decades, is now highest since 1928.

Using tax-return data from the IRS, Saez has built extensive income-distribution datasets going back 100 years. He defines “income” as pre-tax cash market income — wages and salaries; dividends, interest, rent and other returns on invested capital; business profits; and realized capital gains. He excludes Social Security payments, unemployment benefits and other government transfer payments, which are more substantial today than before the Great Depression.

In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution: By 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades.

But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saez’s preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).

FOX News Poll: Obamacare Hits Record Lows, Obama’s Handling of Economy, Immigration, Federal Debt, Immigration and Income Inequality Poll Poor as Well

Hey America, How’s that “Hopey-Changey” thing working out for you?

The more that Americans learn and have to deal with Obamacare, the more they hate it. According to a recent Fox News poll, a record number of Americans oppose Barack Obama’s signature piece of legislation, the not-so Affordable Healthcare Act. Fifty-nine percent now oppose Obamacare and a record low of 38% now support it. Obamacare in the eyes of the American people is not getting better, it is getting worse. To quote former Democrat House Speaker Nancy Pelosi, “we have to pass the bill in order to find out what is in it” and the American people loath what’s in Obamacare. Americans are learning that were not just lied to by Barack Obama regarding Obamacare, they are learning that they were fed nothing but BS and Obamacare is a complete disaster in policy, not just implementation.

Hmm … wasn’t Obamacare created to sign up the so-called 50 million uninsured in America? Where are all the people?

Obama_dr3

A record high number of voters now oppose the 2010 Affordable Care Act and a record low number supports it, according to the latest Fox News poll.

In addition, a majority thinks the new law will increase their health care costs, while few think it will improve their quality of care.

The new poll finds 59 percent of voters oppose the health care law, up from 55 percent who opposed it six months ago (June 2013).  The increase in opposition comes from both independents and Democrats.

Nearly a third of Democrats — 30 percent — oppose the law, up from 22 percent in June.

Opposition among independents went from 53 percent to 64 percent today.

The LEFT will be quick to say, well that’s a FOX News poll, what would you expect. Oh contraire mon frère … the RCP average polling on Obamacare has 37.6% For and 54.5% Against. It would appear that the Fox poll is right in line.

But it is not just healthcare that Obama is having problems with. Accross the boar on the major issues of the day, Barack Obama is a complete failure. It is really too bad that presidents do not have to face recall elections.

Do you approve or disapprove of the job Barack Obama is doing on the following issues?  (All polling data can be read HERE)

  • Income inequality: 39% Approval -  52% Disapprove -  9% Don’t Know
  • The economy:  38% Approve -  59% Disapprove -  3% Don’t Know
  • Health care:  38% Approve -  59% Disapprove -  3% Don’t Know
  • Immigration: 36% Approve -  54% Disapprove -  11% Don’t Know
  • Iran:  35% Approve -  53% Disapprove -  12% Don’t Know
  • Gun control:  35% Approve -  57% Disapprove -  8% Don’t Know
  • The federal deficit:  28% Approve -  66% Disapprove – % Don’t Know

Barack Obama … The Food Stamp & Disability President … The Total Number of people in US Receiving Federal Disability Benefits Hits a Record High in December, 2013

Not only is Barack Obama the Food Stamp president, he is the Disability president as well … So this is what “Hope & Change ” looks like.

More records for Barack Obama not to be proud of.  CNS is reporting that the total number of Americans receiving federal disability benefits hits a record high of 10,988,269 in December, 2013. That was up from the previous record set in November of this year. Also, the average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December. What else are individuals going to do except go on food stamps and disability when the economy stinks. Thus, the real reason the the unemployment number is decreasing. It has nothing to do with people getting jobs, but everything to do with people no longer looking for employment.

Disability v Jobs

The total number of people in the United States now receiving federal disability benefits hit a record 10,988,269 in December, up from the previous record of 10,982,920 set in November, according to newly released data from the Social Security Administration.

The average monthly benefit paid to a disabled worker also hit a record of $1,146.43 in December, up from a previous high of $1,130.34 in December of last year.

Spouses of disabled workers also got a record average monthly benefit of $308.13 in December, up from a previous high of $304.31 in August. Children of disabled workers also received a record average monthly benefit of $341.42 in December, up from a previous high of $337.13 in May.

As CNSNews.com reported earlier this month, the number of Americans getting disability benefits now exceeds the entire population of Greece, which is 10,772,967, according to the CIA World Factbook.

But wait, how can record number of Americans still be increasing on disability and food stamps … I thought the recession was over? Barack Obama is killing this country.

Tavis Smiley: ‘Black People Will Have Lost Ground in Every Single Economic Indicator’ Under Barack Obama

Finally some one in the liberal black community is admitting the truth, Barack Obama has been a nightmare for blacks.

During an interview on Fox News’s ‘Hannity,’ PBS’s Tavis Smiley said the following, “The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category” There you have it, blacks who voted for Obama 95% in 2008 and 93% in 2012, have been sold a bill of goods and received nothing for their vote but food stamps. So why would African-Americans have voted in such large numbers for a president who has failed them incredibly? Could it possibly be that the liberal MSM and black leaders have refused to tell them the truth that Obama has been their worst nightmare? What would the liberal media be reporting if blacks had lost ground in every single economic indicator, if the president was white?

From News Busters:

SEAN HANNITY, HOST: My last question to you. You often do these seminars with the state of black America. I’ve watched them on C-Span and different channels, right?

TAVIS SMILEY: Right.

HANNITY: Are black Americans better off five years into the Obama presidency?

SMILEY: Let me answer your question very forthrightly. No, they are not. The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category. On that regard, the president ought to be held responsible.

But here’s the other side. I respect the president. I will protect the president. And I will correct the president. He’s right on this government shutdown. Republicans are thwarting the rule of law with the Constitution. If they let this debt go into default, they’re trampling again on the Constitution.

When will minorities ever wake up, but that’s right, it’s all Republicans fault.

Obamanomics: People in Poverty Up 6,667,000 … Record 46,496,000 Now Poor … Median Income Down Nearly 5% to $2,627

Hey America, hoes that “Hopey-Changey” stuff working out for you?

Thanks to President Barack Obama and his disastrous economic policy, median income is down 4.89% or $2627 and poverty is up to a record 46,496,000. But Barack Obama will tell you he is for the little guy and the middle class. Sure he is. What a disaster this man has been to the United States and its people. It is going to take decades for this country to undo the damage he and Democrats have done. It is mind boggling how he was ever reelected with such a totally epic failure of the economy, jobs and, unemployment.

Obama_Epic_Fail

During the four years that marked President Barack Obama’s first term in office, the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000, according to data released today by the Census Bureau.

The record total of approximately 46,496,000 people in the United States who are now in poverty, according to the Census Bureau, is more than twice the population of Syria, which, according to the CIA, has 22,457,336 people.

In 2008, the year Obama was elected, real median household income in the United States was $53,644 according to the Census Bureau. In 2012, the last full year of Obama’s first term, median household income was $51,017. Thus, real median household income dropped $2,627—or 4.89 percent—from 2008 to 2012.

Please wake the hell up America and vote

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.

Obama_Epic_Fail

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%.

Bureau of Labor Statistics:

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.

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_teens

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?

Under Barack Obama Only 5% Have Recovered from Recession, the Other 95% are Still Experiencing It

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.

Obama_Laughing

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.

← Previous PageNext Page →

Support Scared Monkeys! make a donation.

 
 
  • NEWS (breaking news alerts or news tips)
  • Red (comments)
  • Dugga (technical issues)
  • Dana (radio show comments)
  • Klaasend (blog and forum issues)
 
 
 
 
 
 
 
Close
E-mail It