Is Anybody Working in Obama’s Economy?

Joblessness in Obama Nation: U-6, Participation Rate Dismal (Washington Times)

For Some, Joblessness is not a Temporary Problem (New York Times)

Census Bureau: Means-Tested Gov’t Benefit Recipients Outnumber Full-Time Year-Round Workers (CNS News)

Female Participation in Labor Force Hits 24-Year Low (Washington Examiner)

U.S. Labor Force Participation Rate is at a 35-Year Low (PressTV)

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Comments (12)

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  1. Donald says:

    “We are moving into the greatest period of economic instability in US history.” (Press TV)

    How many times do you think this has been said over the last 100 years? I would guess more than once.

    After a bust, there is a boom. The economic cycle follows a trend of ups and downs.

    • Rutledge says:

      This last recession was certainly one for the record books. But in agreement with your business cycle trends, the next “boom” will be one for the record books.

      Once we have some real “leadership” in office billions of dollars will flow from investors savings accounts into the market.

      Imagine if Romney was elected- zero capital gains… The boom would have already started.

      • JD says:

        Certainly. The boom-bust cycle will continue to get more dramatic. The question is: when’s the big one that tips us over the edge?

      • Wayne says:

        I know many institutional investors who are sitting on more cash than they know what to do with. So much that they are having to invest into negative NPV projects..

        Can you say bubble formation?

  2. Maggie says:

    “the decline in the number females in the civilian labor force was greater than the decline in number of females actually holding jobs, the unemployment rate for women actually dropped a tenth of a percent, from 6.8% in August to 6.7% in September.” (Washington Examiner)

    What is the difference between these two?

    • Pam says:

      The first number is the number of women who are in the labor force, meaning willing and able to work. The second number is those who are willing able to work but cannot find a job. If the labor force participation drops lower than those who cannot find work then the unemployment rate will appear lower.

  3. Crawford says:

    “That means there were about 1.07 people getting some form of means-tested government benefit for every 1 person working full-time year round.” (CNS News)

    This is obviously not sustainable!!

    Something has to change.

  4. Jill says:

    Jobs aren’t being created because businesses are being exposed to more regulation.

    • Nicholas L says:

      We need less govt and a tax incentive to create jobs!

      Not regulation that makes the marginal cost for the 50th employee an astronomical expense…

      • Jill says:

        Let’s hope that the next administration to take office is very time efficient in reforming the regulation that has or will be implemented by the current one.