In a related story half million new applications were recieved by Social Security Disability!
496,000 more workers go galt.
Obama successful in destroying the American Republic!!! Say, Obamabots...how’s that Hope & Change working out for ya all!!!
Fox News just reported that the labor participation rate is the LOWEST since May 1979.
Obama is worse than Carter.
From MarketWatch: U.S. stock futures declined sharply Friday after the Labor Departments nonfarm-payrolls report came in significantly below expectations, cementing views of an economic soft patch.
Watch out for those “soft patches”.
Not to worry, I passed by our local McDonald’s and Wendy’s last night. They both had prominent signs: “Hiring All Shifts!” What can be so bad when there are jobs going begging? /s
For months the media has continued to beat the drum the economy is improving. However, anyone working in the private sector with their eyes open knows the truth. Small businesses are hanging on month to month. Larger enterprises continue to shed workers and load the work on the remaining staff. People are working longer hours, for no real increase in pay. Those who feel they can retire gladly take early retirement offers and drop out. The “recovery” exists only in the minds of fat government bureaucrats, tenured academics, and journalists programmed to spew the propaganda of the state.
Doesn’t it take 150,000 new jobs per month just to keep up with the population growth? 90 million people out of work. Next year it will be 100 million or more. Until we get this muzzie lovin commie and his minions out of power there will be nothing done to create jobs in this country. His job is to destroy the US economy and the US dollar. He is doing a good job.
Ask yourself. Have you ever seen a US President in the middle of a depression spending most of his time either on vacation or running around giving speeches about gay marriage, amnesty and gun control? He doesn’t look stressed out to me. He seems to not have a care in the world. This is a guy who is doing the job his puppet masters have instructed him to do.
If you are not preparing for an economic collapse you are in lala land.
I’m no fan of this administration, but isn’t part of the ongoing participation decline due to people retiring early and taking reduced Social Security benefits?
I would like to see a breakdown of this number. I’ve not been able to find this information.
Friday, April 05, 2013
Obama “Recovery?” Lowest Labor Participation Since Jimmy Carter
By Teri O’Brien -
If you didn’t understand this critical fact before, understand it now because Barack Obama and his PR flacks do understand it very very well. Their low-information supporters are so completely ignorant about serious public policy matters that they are incapable of understanding the destruction he is inflicting on this country.
How else to explain the ridiculous spectacle of a man who once derided his predecessor as “unpatriotic” for adding $4 trillion to the national debt over 8 years, and who then preceded to add $5 trillion in less than 39 months, a man who pledged to “cut the deficit in half by the end of [his] first term in office,” issuing proclamations about financial responsibility? Anyone with the slightest grasp of the facts could have only one of three reactions to that charade; specifically, either open-mouthed shock, uncontrollable laughter, or both.
Today’s job report makes painfully clear that Mr. Financial Responsibility’s constant repetition of the fairy tale that our economy is “recovering” is another cruel joke, sort of like those “shovel ready jobs that weren’t so shovel ready.
Continue reading “Obama “Recovery?” Lowest Labor Participation Since Jimmy Carter” »
Double dippity doo dah.