Showing posts with label labor force. Show all posts
Showing posts with label labor force. Show all posts

Friday, May 8, 2015

NYT in Denial on Labor Force Numbers

The "paper of record" just can't let go of it's cheer leading for Obama and the democrats crushing of the economy.
Here they are extolling the virtues of added jobs and a low unemployment rate.

U.S. Economy Added 223,000 Jobs in April; Unemployment Rate at 5.4%
The American job market rebounded in April, the government said on Friday, helping to ease worries that the economy was on the brink of another extended slowdown after a bleak winter in which the overall economy stalled. But the growth in jobs failed to translate, once again, into any significant improvement in pay.

Employers added 223,000 positions last month, the Labor Department reported, and the unemployment rate decreased to 5.4 percent, a turnaround from the disappointing performance in March, initially reported as a modest 126,000 gain and then revised down on Friday to 85,000.

“We expected a rebound following the numbers in March and we got it, but not much more,” said Guy Berger, United States economist at RBS. “Wage growth is still the missing piece.”~snip~
While they ignore the crushed hopes of Americans who have used up all their unemployment and therefore aren't counted as the unemployed.

Americans Not In The Labor Force Rise To Record 93,194,000
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.~snip~

Thursday, July 25, 2013

Obama's Assassination of the Middle Class

So basically Obama gives his major speech on his "pivot" on jobs and resurrecting the middle class and it ends up being the same old,same old.

You know it's gotta be a stinker when even the liberal/commie Yahoo news posts an article telling Obama there ain't much he can do about it.
Even though the article tries to blame the republican congress the majority of commentators ain't buying it.

There's lots that Obama can do about the employment situation and they won't cost taxpayers a dime.
For one thing he can repeal the god awful Obamacare legislation, I mean the problems with that are to numerous to mention but it is a major impediment.
Lowering tax rates on businesses and scaling back on the EPA and loosening environmental obstacles that prevent us from building more refineries for gasoline and all the other products that come from crude oil would be a start.
But see, fighting for the middle class is not on the agenda for Obama and his liberal/commie administration.
Sucking up to left wing special interests groups is.  
That's why we now have so many Americans leaving the labor force and why food stamp participation is so high.

If Obama really wants to help the middle class then all he has to do is get out of the way the free enterprise system will do the rest.