Michelle Obama’s economic recovery is not quite as huge as rumored.
The Senate Budget Committee released the chart above.
“The numbers represented in the chart are a measure of growth from January 2009 through September 2012,” the Republican side of the Senate Budget Committee explains. “The data is sourced from the Bureau of Labor Statistics’ Current Population Survey, a sample of 60,000 households conducted by personal and telephone interviews. Basic labor force data are gathered monthly. The labor force consists of all people aged 16 and over either employed or actively seeking work. It does not include discouraged workers, people who have retired, or those on welfare or disability who are no longer looking for work. The ‘not in the labor force’ group is defined as the total civilian non-institutional population minus the labor force.”
The Bureau of Labor Statistics does need a way to measure and report the number of people who have left the labor market because of job prospect discouragement. As things stand now, leaving the labor market without finding a job brings the overall unemployment rate down. That doesn’t make sense.
This is your country on hope, change, and fundamental transformation.
Any questions?
“As things stand now, leaving the labor market without finding a job brings the overall unemployment rate down. That doesn’t make sense.”
Makes perfect sense. They are non-persons, non-workers, now. I mean, we don’t count children in the number of unemployed, or retirees, either, right? So, why count folks who no longer look for work? Clearly, they do not want to work, so they’re fine. So, the unemployment is coming down, and the economy is fine. In fact, it’s booming.
/s
that’s not what Michelle says. She says the economy is SMOKIN.
She thinks her husband is the economy.
engines needing to be rebuilt smoke alot too
– casting out nines.
The real world unemployment rate in the United States is ~ 22%.
And people wonder why there is NO recovery…
That’s the “fundamental transformation” Obama is talking about.
Your statement “People Leaving Labor Force Outnumber Those Added Added 10 to 1″ is factually incorrect and a misreading of this “publication.” The number it’s touting is “those added to NOT in the labor force” not “those LEAVING the labor force.” A person turning sixteen but not yet having a job (GASP!) is added to those not in the labor force, though they in fact were never in it.
How would you count those persons turning 26 who are now awash in college debt, have never entered the work force, and have no real plan or expectation to ever do so? Could I have a (GASP!) here, please?
Dream Act III redux. Turn on any latino radio talk show, music station anywhere in the USA and territories (Puerto Rico, comes to mind) and there one gets specific instructions how to qualify for every government hand-out, program, state afiliated program and even phony workfare programs.
Included in this daily diatribe of how to skirt USA “Rule-of-law”is a host of “one-on’one’ counselors willing to aid and abet anyone individual seeking to willfully skirt all societal programs anywhere in the USA. Then there are “experts” in ones country idiom, able to instruct that person(s) seeking help in qualifying for “income tax relief.” Here, one has to let their imagination fly away (TIN falsification, dependent children refunds, etc.).
And Congress and Senate dither, diddle and twiddle their thumbs. At a salary of $174,000 dollars/year…why work? Diddle and dither, the buck stops where???? Pray. Amen. America is on life support. Soon, Americans will be migrating to emerging nations…reverse immigration. HAH! Who woudda thought!
The number of Americans claiming to be disabled is growing faster than the number of Americans claiming to have jobs.
If Obama wishes to take credit for creating jobs, he deserves even more credit for causing injuries.