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The Unemployment Situation Is Getting Worse...

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The Unemployment Situation Is Getting Worse...

Post by ExhaustedinCA on Fri Jul 29, 2011 8:14 pm

We have a jobs crisis, and it is worse than the government and the mainstream media have been reporting.

In April 2000, we had effective full employment. Among working age adults, 64.74% had jobs, and our unemployment rate was 3.8%. Things have been getting worse pretty much ever since.


During the nine remaining months of the Clinton presidency, the U.S. moved away from full employment by a total of 0.7 million jobs, or at a rate of about 78,000 jobs per month. Over Bush 43′s two terms in office (96 months), America lost ground with respect to full employment by an average of 94,000 jobs per month, for a total of 9.1 million positions. During Obama’s first 29 months in office, the U.S. moved an additional 6.0 million jobs away from full employment, equivalent to an average rate of 206,000 per month.


http://blogs.forbes.com/louiswoodhill/2011/07/27/the-unemployment-situation-is-getting-worse/#comment-129

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Re: The Unemployment Situation Is Getting Worse...

Post by TR11005 on Sat Jul 30, 2011 1:05 am

It is the Unemployed fault for not working. We would not have a Federal Deficit problem. Everyone blames the rich for not paying enough taxes. capitil hill

Wait a second, I still pay taxes on my UI!

If the government counts temporary jobs the same as permanent positions we are worse off then expected. Today, most jobs are temporary so those job gains are way too high!

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