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By Judson Phillips
3 Aug 2013
A White House spokesman called July’s 7.4 percent unemployment rate proof that “the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” He said it with a straight face.
The data tell another story: America remains mired in the Great Obama Depression.
The unemployment rate that the administration trumpets is a liar’s number. The formula for the unemployment figure that is released every month is rigged to look favorable to the administration in power.
The true numbers from the Bureau of Labor Statistics show a far different picture. They show an America that is in economic collapse.
The unemployment rate did not drop because there were more jobs in July. It fell because there were fewer people looking for jobs. The civilian labor force fell by approximately 37,000 workers. The people who are not in the labor force has climbed to 89,957,000; almost ninety million American adults are not in the workforce. Even worse, the number of discouraged workers rose to almost one million. “Discouraged worker” is the term for people who want to be in the workforce but have given up on looking for jobs because they believe no jobs are available.
There is one other devastating figure that most people are not talking about. In June, the Bureau of Labor Statistics reported that only 47 percent of American adults had full-time jobs.
Fewer than half of Americans are working full time!
That should be a headline. Instead it is ignored.
(Excerpt)
Read more:
The Great Obama Depression | Washington Times Communities
Part time jobs are not the solution to unemployment in America. Families cannot support themselves and afford ObamaCare. This is the Fundamental Transformation spoke of a poor subservient America.
3 Aug 2013
A White House spokesman called July’s 7.4 percent unemployment rate proof that “the U.S. economy is continuing to recover from the worst downturn since the Great Depression.” He said it with a straight face.
The data tell another story: America remains mired in the Great Obama Depression.
The unemployment rate that the administration trumpets is a liar’s number. The formula for the unemployment figure that is released every month is rigged to look favorable to the administration in power.
The true numbers from the Bureau of Labor Statistics show a far different picture. They show an America that is in economic collapse.
The unemployment rate did not drop because there were more jobs in July. It fell because there were fewer people looking for jobs. The civilian labor force fell by approximately 37,000 workers. The people who are not in the labor force has climbed to 89,957,000; almost ninety million American adults are not in the workforce. Even worse, the number of discouraged workers rose to almost one million. “Discouraged worker” is the term for people who want to be in the workforce but have given up on looking for jobs because they believe no jobs are available.
There is one other devastating figure that most people are not talking about. In June, the Bureau of Labor Statistics reported that only 47 percent of American adults had full-time jobs.
Fewer than half of Americans are working full time!
That should be a headline. Instead it is ignored.
(Excerpt)
Read more:
The Great Obama Depression | Washington Times Communities
Part time jobs are not the solution to unemployment in America. Families cannot support themselves and afford ObamaCare. This is the Fundamental Transformation spoke of a poor subservient America.
