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Unemployment Actually 10.2 Percent, 1 in 5 Workers Can’t Find Full-Time Job, Says Gallup
CNS News ^ | 3/17/2011 | Terence P. Jeffrey

Posted on 03/17/2011 2:37:10 PM PDT by Qbert

(CNSNews.com) - One out of five American workers who wants a full-time job cannot find one, according to a Gallup survey released today.

This news comes 25 months after President Barack Obama signed a stimulus law designed to keep the U.S. unemployment rate under 8 percent.

Gallup derives what it calls the “underemployment” rate by combining the percentage of unemployed workers with the percentage of workers who are employed only part-time but want a full-time job.

As of mid-March, Gallup reported in its new survey, 10.2 percent of American workers were unemployed and 9.7 percent were working part-time but wanted a full-time job. That equals an underemployment rate of 19.9 percent—or approximately one out of every five workers. According to Gallup, the employment picture in the United States is virtually unchanged from a year ago.

In mid-March 2010, 10.3 percent of American workers were unemployed and 9.7 percent were working part-time but wanted a full-time job--yielding an underemployment rate of 20.0 percent. That compares to today’s 19.9 percent underemployment rate.

On Feb. 17, 2009, Obama signed an economic stimulus law that the Congressional Budget Office then-estimated would cost $787 billion. In Jan. 2009, Obama’s then-top economic adviser Christina Romer had reported that this stimulus, if enacted, would keep the U.S. unemployment rate under 8 percent.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: 102; economy; election2010; fail; failure; jobs; obamanomics; porkulus; socialism; stimulus; underemployment; unemployment
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1 posted on 03/17/2011 2:37:13 PM PDT by Qbert
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To: Qbert

It is fixing to get a lot worse because of energy prices.


2 posted on 03/17/2011 2:43:02 PM PDT by pallis
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To: Qbert
...who are employed only part-time

we're becoming more like France , minus the nuclear power.

3 posted on 03/17/2011 2:43:02 PM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: Qbert

Hopefully, Obama’s job search will begin in early November 2012!

“So, Mr. Obama, what kind of WORK have you been doing the past four years?”
Not gonna be an easy hire...;)


4 posted on 03/17/2011 2:46:15 PM PDT by Frank_2001
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To: All
Thankfully, Jimmy Obama has his priorities.
5 posted on 03/17/2011 2:48:01 PM PDT by Qbert ("I seem to smell the stench of appeasement in the air" - Margaret Thatcher)
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To: Qbert

Recovery Summer II.


6 posted on 03/17/2011 2:50:21 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Frank_2001

““So, Mr. Obama, what kind of WORK have you been doing the past four years?”
Not gonna be an easy hire...;)”

—I got one: golf caddy.


7 posted on 03/17/2011 2:50:21 PM PDT by Qbert ("I seem to smell the stench of appeasement in the air" - Margaret Thatcher)
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To: Qbert

Thankfully my husband was just sent an offer yesterday from ATT. He has been out 4 months. We are blessed and thankful for “people you know” in the business. Its awful out there. We have been on pins and needles.


8 posted on 03/17/2011 2:51:08 PM PDT by GoCards (RUN SARAH RUN)
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To: Qbert

ESPN is in bed with Obama. They show his arrogant mug all the time. They rarely ever showed Bush. But, you can rarely go a day without his mug on there somewhere. You can call him Lebron Obama. They are big buds.


9 posted on 03/17/2011 2:52:42 PM PDT by RetiredArmy (The Lord Said It and I Believe it. Read your Bible. These are the end time events.)
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To: Qbert
Clearly we more mass immigration from the third world to solve this terrible problem

All those lazy Americans, sitting at home watching TV, they just don't wanna work

tsk tsk tsk

/openborders rant

10 posted on 03/17/2011 2:53:19 PM PDT by Regulator (Watch Out! Americans are on the March! America Forever, Mexico Never!)
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To: pallis

...energy prices, food prices, and higher energy prices will cause higher food prices, and higher prices for everything....


11 posted on 03/17/2011 2:55:58 PM PDT by buffyt (Abortion is the ultimate CHILD ABUSE!)
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To: GoCards

I wonder if THE IDIOT knows that some men WANT to work? Mine could have retired years ago, but doesn’t want to sit at home all day. He likes his career and likes being busy.


12 posted on 03/17/2011 2:58:01 PM PDT by buffyt (Abortion is the ultimate CHILD ABUSE!)
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To: Qbert

The real U.S. unemployment rate may be 22.1 percent for February, not the 8.9 percent reported by the government, according to economist John Williams, author of the “Shadow Government Statistics” website, who has argued for years that the federal government manipulates the reporting of economic data for political purposes.

http://www.shadowstats.com/


13 posted on 03/17/2011 3:01:35 PM PDT by 2ndDivisionVet ("You cannot invade the US There would be a rifle behind each blade of grass." Yamamoto)
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To: Regulator

and if that doesn’t fix things, we need some more free trade agreements that facilitate outsourcing of US manufacturing.


14 posted on 03/17/2011 3:09:25 PM PDT by RC one (WHOOPS. lol)
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To: Qbert

And does not count folks like me that have now taken a 50% pay cut because few jobs pay anymore. Buyers market.

Glad to have a job though.


15 posted on 03/17/2011 3:10:38 PM PDT by doodad
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To: Qbert

Actually, Obama was once qualified for a position in which he would have probably succeeded.

But then, as fortune would have it, they invented AUTOMATIC pin setters.


16 posted on 03/17/2011 3:24:04 PM PDT by Signalman
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To: Qbert

Gallops numbers keep going up, Obama’s numbers keep going down...

hm.....

which to believe....

*cough*


17 posted on 03/17/2011 3:27:43 PM PDT by TexasFreeper2009 (Obama = Carter 2.0 The Epic Fail Edition)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...

Thanks Qbert.


18 posted on 03/17/2011 3:34:12 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: RetiredArmy
ESPN is in bed with Obama.

The simple fact that Obama wouldn't cancel his appearance to go over his NCAA brackets indicates 1 of 2 things:

1. Obama & his political advisors are tone-deaf, or
2. ESPN and similar venues are an integral part of his re-elect strategy.

You decide.

19 posted on 03/17/2011 4:24:43 PM PDT by Tallguy (Received a fine from the NFL for a helmet-to-helmet hit.)
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To: Tallguy

I think Baraq’s doing a rope a dope strategy leading up to 2012.


20 posted on 03/17/2011 4:26:27 PM PDT by nascarnation
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