The Obama Economy. Rip Roaring Along.

Or NOT. The latest pack of lies from the Bureau of Labor Statistics is out, and it DOES NOT look good.

But, I’m positive MSNLSD, CNBC, CNN, the alphabets, et al, will be rejoicing. Until the numbers are further revised DOWNWARD next week. From The Daily Caller.com

 

Economy produced fewer jobs than workers in September

3:30 PM  10/22/2013
by  Neil Munro
White House  Correspondent

unemployment line photo: unemploymentline unemployment_line-2009.jpg

Unemployment line photo from AP.

I’d say Obama’s plans are working SWELL, how about y’all ?

 

The U.S. economy produced  fewer jobs than workers in September, and made no progress in reducing the huge  population of 22 million unemployed or underemployed Americans.

The household survey data released by the Bureau of Labor  Statistics shows that 133,000 extra people got jobs, while the working-age  population rose by 209,000.

“Today’s report shows the president has more than a troubled [Obamacare]  website to fix — he has a troubled economy, weakened by years of failed  ‘stimulus’ policies and excessive red tape,” said a statement from the GOP House  Speaker, Rep. John Boehner.

“Republicans are going to continue to work to stop the president’s  health-care law, and to pursue pro-growth policies that strengthen our economy  and expand opportunity for all Americans,” said the statement.

Left-wing groups also panned the results. “This report demonstrates once  again that we are far from a full recovery,” said the Economic Policy  Institute.

Democrats, including Obama, say the  economy can be boosted by more spending and more immigration. However, the  federal government has spent roughly $6 trillion in deficit spending since 2009,  without increasing the percentage of Americans at work.

Only 63.2 percent of working-age Americans have jobs, down from 63.6 percent  in September 2012, and 65.7 percent when President Barack Obama was  inaugurated in January 2009.

Data provided to the BLS in September by employers says 148,000 new jobs were  created, mostly in lower-wage warehousing, construction and the wholesale trade.

Employment in finance dropped, while manufacturing and the health sector  stayed flat.

The employer survey’s reported gain of 148,000 was well below expectations,  but very close to the average of 141,000 jobs created in July and August.

Roughly 11.3 million people looked for jobs in the last four weeks, setting  the formal unemployment rate at 7.2  percent, down a tenth of a point from the previous month.

However, many other Americans have given up looking  for work, or are  stuck in part-time jobs. The broader unemployment rate, or U-6 rate, is twice as  high, or 14.2 percent, representing roughly 22 million unemployed or  underemployed Americans.

The failures of Obama’s job policies are partly hidden by the relatively good  job picture for higher-skilled college graduates,  whose views have an outsized influence on the media’s coverage of the  economy. Their unemployment rate is only 3.7 percent, although many hold  low-skill hourly wage jobs that don’t require college degrees.

In contrast, the formal unemployment rate for people without college  degrees is 7.6  percent. High-school dropouts have a formal unemployment rate of 10.6  percent.

The new report showed no increase in the number of part-time workers, now at  7.9 million, after an apparent increase during the first six months of the  year. The increase may have been an extended statistical quirk.

The monthly population growth of Americans is augmented by roughly  working-age 50,000 immigrants. That number likely would sharply  rise if Boehner backs an Obama-based Senate immigration bill that would  double the rate of immigration and allow 33 million legal immigrants over the  next 10 years.

~

Only among democrats does RECORD amounts of unemployed people mean THEY have done a GREAT job managing the nation’s economy.

This is another national disgrace in a LONG line of same since this asshole and his cadre of clowns have come to town. We also know, if this were to be a republican, or conservative president, the liberal loony left would be howling like a bunch of rabid banshees over it.

But, as is their wont, they will praise Obama and castigate republicans, although this “rosy” labor picture can be SQUARELY at Obama and the democrats feet.

Too bad the “educated ones” cannot see, due to having so much wool pulled over their eyes.

~

Clyde

 

 

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8 Responses to The Obama Economy. Rip Roaring Along.

  1. Kathy says:

    Unemployment will continue to spiral out of control as long as he’s in office. HIs blend of commie and muzzie governing is killing this country.

  2. Mrs AL says:

    Ok, I was going to get some lunch, Clyde. Now I’m not hungry.

    Seriously, this is so pathetic it defies understanding. Thanx for the post!

  3. Hardnox says:

    The hypocrisy among the left is stunning. Imagine if a republican were in the WH. The screams would be non-stop coming from the Left.

  4. bullright says:

    Right Clyde, everything is always good news for liberal-land. When Bush was in, everything was bad. There were always the “but….s”.back then. They wouldn’t know an abacus from a rickshaw.