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In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
I say they are intentionally cutting people from the rolls that should still be a part of the labor force.
People...its ALL about getting the UE rate down..so obama AND the media can tout how much it has dropped, but NOT how many people (tens of millions) have been lopped off the rolls.
Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern the world’s largest economy may be losing speed.
The question to ask; SHOULD obama's BLS be reducing the labor force by so much?
Obama has been working hard to expand NAFTA and keep the borders wide open, promising a big reward of amnesty to all who would come here illegally and everyone knows that massive illegal immigration is only really about bringing wages way down and replacing higher paid American workers with much cheaper foreign workers.
Obama simply cannot expand NAFTA, promote globalism, promote open borders and illegal immigration and create jobs for Americans. They are contradictory goals.
Obama and the BLS are lopping even more people off the rolls to get that UE rate down as much as possible.
Obama doesn't effect how the BLS computes data. The BLS is made up of professionals that have a mathematical formula that hasn't changed during Obama's presidency. To suggest that the Administration has been cooking the numbers is silly.
But even at plus 115,000 and the other revisions (The change in total nonfarm payroll employment for February was revised from +240,000 to +259,000, and the change for March was revised from +120,000 to +154,000,)it's sure better than the Europeans, who have embraced austerity -- exactly what the GOP wanted here.
Obama doesn't effect how the BLS computes data. The BLS is made up of professionals that have a mathematical formula that hasn't changed during Obama's presidency. To suggest that the Administration has been cooking the numbers is silly.
But he could be honest that too few jobs exist for Americans and admit that more people are living on government handouts than ever.
But he could be honest that too few jobs exist for Americans and admit that more people are living on government handouts than ever.
I object to your characterization that working people who got laid off, for no fault of their own, who are now on unemployment benefits that they paid for, are on "government handouts." These aren't freeloaders.
But we should be thankful for the liberals in history that gave us the social safety net or the economy would be like the Great Depression that lacked unemployment benefits; Medicaid; and Food Stamps. Think of the upheaval American families would be under had the conservatives of yesteryear gotten their way and these programs were never passed.
I object to your characterization that working people who got laid off, for no fault of their own, who are now on unemployment benefits that they paid for, are on "government handouts."
Correction:Employers fund the benefit program, not the workers.
I object to your characterization that working people who got laid off, for no fault of their own, who are now on unemployment benefits that they paid for, are on "government handouts."
It would seem you should object to the political propaganda that the economy is doing great and the chronic unemployment of Americans is no longer an issue.
Obama has been working hard to expand NAFTA and keep the borders wide open, promising a big reward of amnesty to all who would come here illegally and everyone knows that massive illegal immigration is only really about bringing wages way down and replacing higher paid American workers with much cheaper foreign workers.
Obama simply cannot expand NAFTA, promote globalism, promote open borders and illegal immigration and create jobs for Americans. They are contradictory goals.
Protectionism doesn't work. It was one of Hoover's chief responses to the Great Depression and it resulted in a trade war that deepened the effects of the depression so that it spread elsewhere.
Beyond that, none of what you're discussing above really is at the root of the problem. The problem is that the base of consumption -- the life's blood of a strong, vibrant capitalist system -- is not nearly as strong as it was in the past. Maybe one day republitards and libertardians will begin to understand that you actually need people with steady incomes in order for capitalism to work, not an increasingly select group of elite profiteers at the top of the food chain who stash their gambling winnings in offshore accounts. People aren't spending because they don't have enough income, and even those who do have some income don't have access to credit. The tightening of credit may not be entirely a bad thing, in my view (should have happened long ago, in my view), but it hurts when would-be entrepreneurs can't get loans because banks are sitting on piles of cash and intend to do nothing with it.
You may not want to admit it, but the reality is that we are increasingly facing a crisis of capitalism. People are beginning to lose faith in it. The problem is that most people are confused about how to make it work again, which gives off the impression that the cure is even worse than the disease itself. The real problem, as I see it, is that voters seemed to give Obama a mandate in 2008, which Obama may have, to some degree, confused in 2009 with his push for the controversial healthcare reform law, and then he lost that mandate in 2010. Now we have a president without a mandate -- but at a time when a mandate is required. And moreover, we need a mandate that promotes more collectivist goals. Yet here we have a president with no clear direction in which to govern. We have a congress that is divided, with one half dead set against anything the president does, and the other dead set to do anything the opposition doesn't want them to do. We have a broken political system that starts with broken voters, continues with ineffective governance, and ends in the death of the American dream.
It would seem you should object to the political propaganda that the economy is doing great and the chronic unemployment of Americans is no longer an issue.
Oh, who is saying that? The most liberal economist that I know is Paul Krugman and Paul Krugman calls this a depression.
The only people saying chronic unemployment of Americans is no longer an issue is the GOP who want to focus on deficits and not solving unemployment.
But we should be thankful for the liberals in history that gave us the social safety net or the economy would be like the Great Depression that lacked unemployment benefits; Medicaid; and Food Stamps. Think of the upheaval American families would be under had the conservatives of yesteryear got their way and these programs were never passed.
This is 100 percent correct. The reality is that a lot more people who are clamoring on about Obama not doing this or that should be grateful they have the luxury to do that. It's social programs and New Deal era legislation that have allowed America to keep its superpower status. Without FDR legislation, without the social programs, America would be reeling. Or they'd just be demanding socialism outright.
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