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The PJ Tatler

by
Bryan Preston

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January 10, 2014 - 8:59 am

In December, the official unemployment rate plunged to 6.7% despite the economy adding just 74,000 jobs. A healthy economy should be adding upwards of 200,000 jobs per month. December’s performance is clearly nowhere near that level. The jobs that were added mostly amount to the kind of jobs that Democrats deride as “McJobs” when it suits them.

The jobs that were added came largely from retail and wholesale trade which gained 55,000 and 15,000 jobs respectively. In retail, food stores and clothing stores added 12,000 each, general merchandisers added 8,000 and car dealers added 7,000. The holiday season hiring beat the retail 2013 average by 23,000. Business services, manufacturing and mining also added jobs.

What caused the unemployment rate to drop is the fact that hundreds of thousands of Americans gave up on seeking a job and left the labor force. Specifically, about 300,000 dropped out of the job market, taking the overall participation rate down to a level not seen since 1978. 91.8 million Americans are no longer participating in the workforce.

At the rate things are going, the Obama economy may achieve “full employment” by convincing enough Americans to quit looking for work.

 

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.

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All Comments   (7)
All Comments   (7)
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Labor participation rate is at its lowest since early 1978. Its downward trend has accelerated under Obama's assault on the middle class.
40 weeks ago
40 weeks ago Link To Comment
Will hit 100 million by 2016 to perfect the Servile State.
41 weeks ago
41 weeks ago Link To Comment
One more tax on the Middle Class should bring America to it's knees. Immigration Reform with it's free government housing, healthcare, food stamps, and college tuition, for millions of Marxists should get us there.

Viva Villa!
41 weeks ago
41 weeks ago Link To Comment
Unemployment is not dropping...and the number is a fraud.

The failure to create enough jobs in the free market...and instead...destroying them at an alarming rate...is the problem.

The assault on the free market...and the overloading of government departments is being shielded by the Propaganda Machine.

REAL unemployment is at sky high rates...and cooking the employment statistics isn't creating health in the job market.

The ONLY real number that isn't a fraud...how many people are not working...who want non-government jobs and can't find them. That number is staggering. THOSE people...are unemployed...no matter how the small c communists want to spin it.
41 weeks ago
41 weeks ago Link To Comment
well, U3 is 6.7. U6 is 13.1

http://www.bls.gov/news.release/empsit.t15.htm

as of this morning.
41 weeks ago
41 weeks ago Link To Comment
"the Obama economy may achieve “full employment” by convincing enough Americans to quit looking for work."

It certainly won't accomplish that by extending unemployment benefits.

41 weeks ago
41 weeks ago Link To Comment
What will be accomplished is the eventual collapse of the system. Clearly that is an objective.
40 weeks ago
40 weeks ago Link To Comment
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