Can this be true? 100 million Americans have no jobs. Another Obama record?

G

Grandluxe

The national unemployment rates gets lots of attention, and lately more attention has been paid to the workforce participation rate since more Americans have given up looking for a job, but we can also see that an astounding 100 million Americans don’t have jobs.

Specifically, these are people who are part of the civilian over-16 non-institutional population who are either unemployed or not part of the workforce. According to the April jobs report, the number of jobless American stood at 100.9 million

That’s an all-time record and it’s an increase of 26.2 million over the last 12 years. It’s as if we absorbed the entire adult population of Canada and not a single person had a job.

The numbers are staggering. The jobs-to-population ratio peaked 12 years ago. If we were to have the same ratio today, we would need 15.3 million more jobs, or 23.7 million fewer people.

<img src='http://static6.businessinsider.com/image/4fbce4edeab8ea9609000007-590-354/image.png'>

Read more: http://www.businessinsider.com/100-million-americans-without-jobs-2012-5#ixzz1wXUJkdhL
 
WASHINGTON (AP) — U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering.

The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created.

The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months.

The economy is averaging just 73,000 jobs per month over the past two months — roughly a third of jobs created per month in the first quarter.

You know, GW was just at the White House yesterday. This is obviously his fault.
 
Obviously Odumbo simply needs to speed billions more we don't have on returning some political favors and all will be well.
 
This is because we have not lowered taxes on the "job creators" enough. They're entirely willing to hire people to stand around and wait for sales to come along, but it takes more than mere record profits and cash holdings to do this, yes, it takes even more idle cash!
 
I would tend to think that this is the time to put any extra cash to work, eg, buy equipment or hire someone, if you were told that there will be lower taxes in your near future, but there's also the great big uncertainty of ObamaCare... how much is that ^^%%$$ thing going to cost?

Obama is not only worsening our financial prospects with his mismanagement of the economy, but he's also tying the hands and feet of job creators with this awful uncertainty he's spread over the entire market. :(
 
Quote from Yannis:

...but there's also the great big uncertainty of ObamaCare... how much is that ^^%%$$ thing going to cost?
More...

http://cnsnews.com/news/article/oba...rth-not-south-insurance-executive-tells-house

"Fensholt gave several examples: Under the Affordable Care Act, health plans must provide a "four-page, double-sided summary of plan coverage in a very hard-wired format at specific times, not only to enrollees but to individuals who are merely eligible for coverage. And plans face fines of up to $1,000 per violation of this requirement," he said.

And starting in 2014, the law will require "significant and frequent reporting by employers," including what specific medical coverage the employer offers; a roster of employees who are eligible and enrolled in the company's health plan and whether those employees are full-time or part-time; the cost of the employer's health insurance offerings, and the employer's and employees' respective shares of that cost; and how many months of the year an employee and each of his enrolled dependents were covered by a company-sponsored plan.

"Our clients are already drowning under the cost of providing robust health insurance to employees," Fensholt said. "Rather than tossing employers a lifeline, the Affordable Care Act is in many ways an anchor -- albeit a well-intentioned one -- by piling on additional costs and burdens."

Fensholt said his clients don't understand why -- at a time when they're struggling to provide a fringe benefit -- "Congress would make the process more expensive and more complicated, rather than less so."

Bill Streitberger, vice president of human resources for the Red Robin restaurant chain, told the panel that when health care costs increase, his company has less money to invest in opening new restaurants.

For the last three years, he noted, Red Robin's health care costs per employee have increased more than six percent every year -- a much greater pace than the growth of Red Robin's sales or net income, he said."
 
Quote from CaptainObvious:


You know, GW was just at the White House yesterday. This is obviously his fault.
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Because the economy turns like an oil tanker, in a way, you are right, CO, we are still feeling 8 years of Bush after 4 years of Obama.
 
Quote from RCG Trader:

Because the economy turns like an oil tanker, in a way, you are right, CO, we are still feeling 8 years of Bush after 4 years of Obama.
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And Dubya was feeling the effects of the dot.com bubble...and Clinton was dealing with the 92 recession caused by Bush I...etc, etc...

The economy is bigger than they are, which is why it's fools gold to continue to give them either credit or blame. It's pretty much unanimous that Greenspan had greater influence on the economy and yet he served under Clinton as well as Bush...
 
Liberals seem to be arguing that as businesses have less after tax dollars and more regulation and more uncertainty all we need to do to fix the economy is tax business more and give another half a billion to govt cronies.

Could some explain how lowering the correct taxes would not work?
Seriously, is everyone on the left on drugs? Lowering taxes is not austerity, that is the remedy Keynes actually prescribed.
 
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