Posted on 02/19/2012 8:18:01 AM PST by Right Wing Assault
Now that the unemployment rate seems to be on a steady decline, Republicans have begun rummaging around for less flattering economic indicators they can use to attack President Obama's jobs record during this election year. To mark today's three-year anniversary of the stimulus, the uber-conservative Republican Study Committee blasted out a graph (above) mapping the decline of America's workforce participation rate, which measures the overall percentage of working-age adults who have a job or are searching for one.
(Excerpt) Read more at theatlantic.com ...
“On its face this is absurd.
When you consider population growth, new high school and college graduates plus an increasing number of retirees returning to work at places like McDonalds and Walmart, there is no way labor participation has gone down.”
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A lot of these “light duty” types of jobs are being done away with. See link for an example.
http://wkdq.com/wal-mart-says-goodbye-to-greeters/
And a lot of late teenage kids and twenty somethings are neither working or looking for work because they are discouraged and have given up.
Many out-of-work older workers are applying for disability benefits as their unemployment runs out (and, if they are somewhat savvy and know how long disability applications take to be approved, many apply well before their unemployment coverage will end).
It’s happening dude -— all is not well in the ObamaNation.
You forgot the free cell phone and 200 anytime minutes/month.
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