Obama’s economy fails yet again. Nearly 100,000 fewer jobs were added than was expected in August. 28,000 fewer jobs were added in June and July than was originally reported as well. Even with these lousy job number, the unemployment rate fell to 6.1%. Why? Aside from Obama’s corrupt regime fudging the numbers, more people simply quit looking for work. The labor force participation rate also fell to 62.8% in August, from 62.9% in July.
|ObamaFAIL: fewer jobs added in August, July, June|
Obama’s economy set another record in June. over 92 million Americans not only did not have a job, but did not actively seek one in the last four weeks. The total jumped 111,000 in June. While the media will try and spin the jobs report, you wouldn’t hear a peep about Obama’s latest record setter on the economy. Welcome to Obama’s AmeriKa. The labor force participation rate for Americans was 62.8 percent, a 36-year low.
|Record 92,120,000 not working in Obama’s economy for June 2014|
Turns out the economy didn’t shrink by 1% as first reported weeks ago. Instead, Obama’s economy shrank by a whopping 2.9%, the worst in five years! Of course the leftist media hacks have their excuses. It’s not Obama’s failed policies that are the problem. Instead, it was the weather. You see, the east and midwest actually had a cold, snowy Winter. So it’s all the Winter’s fault that the economy shrank by a whopping 2.9%. Yea. So if this summer ends up being really hot, then leftist media hacks can blame the crappy economy on the heat.
|GDP shrinks by most in five years|
Congratulations progressive Democrats! Thanks to your policies, the number of woman not in the labor force has hit a brand new, shiny record high! The progressive liberal Democrat war on women marches on.
|Democrat war on women continues – Women Not in Labor Force Hits Record High|
The number of women 16 and older not in the labor force climbed to a record high of 55,116,000 in April, according to data from the Bureau of Labor Statistics (BLS).
This means that there were 55,116,000 women 16 and older who were in the civilian nonsinstitutional population who not only did not have a job, they did not actively seek one in the last four weeks. That is up 428,000 from the 54,688,000 women who were not in the labor force in March.
In April, according to BLS, the labor force participation rate for women was 56.9 percent, down from 57.2 percent in March. The labor force participation rate, as calculated by the BLS, is based on the civilian non-institutional population, which is the number of people in the country 16 or older who are not in the military or an institution.
The labor force participation rate is the percentage of this population that either has a job or actively sought one in the last four weeks.
In April, according to BLS, the female civilian labor force was 72,835,000 which was down 340,000 from the 73,175,000 in March.
Welcome to Obama’s economy, where a 0.1% GDP growth in the first quarter of this year is considered ‘progress.’ Don’t worry though. The Obama regime and the lapdogs in the media already have an excuse for the pitiful GDP growth. Can you guess what it is? If you guessed the weather, you win the grand prize. Much like the excuse on the bombshell Benghazi e-mails, the Obama regime and media always has some BS excuse. Even Obama knows his economy stinks.
|Obama’s economy: pitiful 0.1% GDP growth in first quarter of 2014|
It’s been announced in recent weeks that 16 major retail chains are closing stores across America. No matter how much the media tries to prop up the failing economy, which is only going to get worse under ObamaCARE, they can’t escape these brutal facts. Welcome to Obama’s AmeriKa. Remember that trillion dollar stimulus package passed in 2009? I guess the jobs weren’t as shovel ready as they expected.
|16 major retail chains closing stores across America – Thanks Obama!|
Welcome to being Chair of the Federal Reserve Janet Yellen! Stocks reacted to the lousy economy, and Yellen’s swearing in as Federal Reserve chair by tanking 326 points on the Dow Jones Industrial. The Nasdaq dropped over 100 points and finished under 4,000 for the first time in mohths. The S&P 500 plummeted 41 points for a 2.6% one day drop.
The media likes to try and hype how the economy is still improving. This despite the fact the workforce participation rate has hit a low not seen since the Jimmy Carter days of 1978. The media always likes to hype the stock market which has gone up. What they don’t tell you is the only reason why the stock market is inflated, is because of the federal reserve’s ‘quantitative easing’ that has artificially inflated the stock market. The fact of the matter is, the economy still sucks, five years later after Obama’s election. Below are seven economic facts that underscore just how dire the Obama economy outlook is.
The media hype the unemployment rate of 6.7% after the miserable December 2013 jobs report today. What the media wouldn’t tell you is how the labor participation rate has dropped every since since 2009 (when Obama took office.) Below is a little graph of the labor participation rate before, and after Obama took office. The labor force participation rate is now at it’s lowest level since 1978 (Jimmy Carter presidency.)
|Labor force participation rate has dropped every year since Obama began his reign of terror|
If you had the same amount of people in the labor force as you did at the end of Bush’s presidency, the unemployment rate would be around 14%. Of course, all we get from the media is how the economy is magically improving. The only thing that’s improving is the stock market, and that’s thanks to the Federal Reserves monthly bond buying. It’s just too bad there are enough stupid people to believe that the jobs market is really improving under this corrupt progressive liberal Democrat regime.
Obama and the extremist progressive liberals war on women continues. Yet another lousy job report came out today which saw nearly three quarters of a million Americans leave the workforce. Women have been especially hard hit. American women participating in the nation’s labor force hit a new low at a rate of just 56.9 percent in October.