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.
Posted September 7, 2013 by Scared Monkeys Barack Obama, Community Agitator, Economy, Epic Fail, Food Stamp President, Jobs, Labor Force, Obamanation, Obamanomics, Recession, Unemployment, WTF | 3 comments |
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 |
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.
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.
Posted August 26, 2013 by Scared Monkeys Barack Obama, Chicago-Style Politics, Community Agitator, Divider in Chief, Economy, Epic Fail, Jobs, Labor Force, Obamanation, Obamanomics, Recession, Recession, Unemployment | one comment |
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 |
When Comedy Meets Reality: Jay Leno Rips Barack Obama as He Waits in Green Room … “How About Solving the Problems That Brought Our Country to a Halt”
The Comedian in Chief … the sad reality is, that the joke is really on all of us.
They used to say that Obama was not good for late night comedy shows because he was not funny. Looks like the times are a changing as Jay Leno makes it a nightly occurrence to make fun of and mock President Barack Obama. Leno is a master of the obvious when it comes to humor and comedy … in order for something to be really funny, there has got to be truth involved. Jay Leno did not even hold back in his monologue even when Obama was making an appearance last night on ‘The Tonight Show’ … “How About Solving the Problems That Brought Our Country to a Halt”
“President Obama has sent John McCain to Cairo to help solve the political problems that brought the Egyptian government to a halt. I got an idea. How about solving the problems that brought our country to a halt.”
This was just a case of more media bias as Barack Obama was provided a softball interview that basically was an infomercial.
VIDEO Hat Tip – The Gateway Pundit
We will not even go into the fact right now that what the hell was Obama doing on a comedy show discussing the problems of the economy, Obamacare and terror in the Middle East? Really, this is the venue that this president thinks is appropriate? It was not like Leno was going to ask a tough follow up question.
Posted August 7, 2013 by Scared Monkeys Barack Obama, Comedian in Chief, Epic Fail, Government, Lost in Smallness, Media Bias, Narcissist in Chief, NBC, Obamacare, Obamanation, Obamanomics, The Dodger in Chief, The Lying King, WTF, You Tube - VIDEO | 2 comments |