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?

Pew Research Poll, The Failure of Barack Obama to Black America: Only 26% Say the Situation of Black People in US is Better Now Than It was 5 Years Ago

Barack Obama – The Phony President: Wasn’t Barack Obama supposed to be the answer for Blacks Americans … not even close, he is not the one they were waiting for.

Wasn’t everything supposed to change for blacks in America when Barack Obama was elected in 2008? Obama was supposed to part the seas, “The One” was supposed to help blacks because they helped him get elected. They were no loner going to have to worry about paying for their “gas and  mortgage” (VIDEO) because their Savior, the Obamamessiah was President. So after having elected the first black president, how is it that only 26% of black America think that their situation is better today than it was five years ago before “The One” was elected? That is correct, according to a PEW Research poll, only 26% of blacks say that their situation is better today than before Obama was elected. That is down from 39% in 2009 when they fell for the “Hope & Change” nonsense, hook, line and sinker.

Just the other day it was reported that under Obama, only the top 5% have benefited. The remaining 95% have not and are still feeling the effects of a recession. Where do you think a majority of minorities fall in the 5%-95% range?

PEW_black Progress

The sense of progress black Americans felt in 2009, on the heels of Barack Obama’s historic election as president, seems to have reversed itself. Today, only about one-in-four (26%) say the situation of black people in this country is better now than it was five years ago, down sharply from 39% who said this in 2009. Nearly as many (21%) say the situation of black people is worse today, and 51% say it’s about the same.

The positive feelings registered in 2009 among blacks represented one of the peaks in this long-term trend. Even in the face of the Great Recession, blacks seemed buoyed by the promise of an Obama presidency. This poll does not provide evidence as to what caused the downward shift in opinions about black progress. However, the fading glow of Obama’s first term and the lingering effects of the recession are likely to have been important factors. [...]

In the most recent Pew Research survey, the share of both whites and blacks who see short-term progress for black Americans is down significantly from the 2009 levels. For whites, the current share (35%) saying the situation of African Americans is better than it was five years ago is similar to what it was in 2007 and lower than it had been in the mid-1980s and 1990s. For blacks, the share saying blacks are better off today (26%) has returned to roughly where it was prior to Obama’s election.

Barack Obama was not the one they had been waiting for, far from it. Obama has made promises and delivered on nothing except maybe make minorities even more dependent on government. If a white president was in office under these circumstances there would be marches in the streets and cries of discrimination. Seriously folks, how did Obama get reelected and why? If blacks think they are worse off than they were before his election in 2008, why would blacks  have voted for Obama at a rate of +90%?

We are the One’s we have been waiting for … Not even Close

What is truly amazing is that under a black president just how bad the perception is among blacks that their situation is terrible. Let’s face it Obama has been a total failure for blacks in America. Black unemployment is high, teen blacks unemployment is through the roof, and food stamps are given out like candy. Black unemployment under Obama is now once again double that of whites. Blacks have not made strides under Obama, they have regressed. Obama has done nothing economically for them, because he has done nothing for America.

Black adults are much more likely than whites to say the average black person is worse off financially than the average white person (59% vs. 39%). Whites, meanwhile, are more likely than blacks to say the average black person is about as well off as the average white person (43% vs. 27%).

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.

Your Tax Dollars at Work: San Diego Beach Bum Jason Greenslate … He Can Surf, Drink, and Score ‘Free Food’ Year Round? Because ‘It’s Awesome’

Because there is no FRAUD in the Food Stamp program … They Don’t call Obama the Food Stamp President for nothing.

Just yet another example of your hard earned tax dollars at work under the Barack Obama presidency. Food Stamps have surged to over 41 million individuals under Obama. Check out The Blaze for the actual numbers. Of course with this massive increase under Obama, there is no fraud of course. Enter beach bum Jason Greenslate and his bilking of the food stamp program so that he can eat sushi and lobster. This individual is just one of the many that are abusing the system at the expense of hard working Americans.

San Diego beach bum Jason Greenslate has a front-row seat watching your tax dollars at work…mainly because that’s about all that’s breaking a sweat in his world.

His schedule?

“Wake up, go down to the beach, hang out with my friends, hit on some chicks, start drinking,” Greenslate told John Roberts of Fox News for “The Great Food Stamp Binge” special Friday.

With food stamp participation having increased at an annual rate of roughly 13 percent since 2008—costing taxpayers nearly $80 million last year, Red Alert Politics said—the likes of Greenslate aren’t anomalies.

Watch the following VIDEO, it will make your blood boil.

Who knew that this dues actual hero was Sean Penn Jeff Spiccoli of Fast Times at Ridgemont High fame? When asked, why don’t you get a job Spicoli, his response was, what for? Judge Reinhold responded, “you need money”. Then comes the money line, Spicoli says, “All I need is some tasty waves, cool buzz and I’m fine”. I think Jason Greenslate said the exact same thing. The only thing we can hope for is that individuals like Greenslate are too wasted to vote.

← 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