FRIDAY, JANUARY 6, 2017
CRate Is Now 4.7% (Whatever The Hell That Means)
Whistleblower Business Editor Merrill Forbes wonders if anybody saw Obama’s final lousy jobs report TODAY. Only 156,000 jobs were created in December, which was well below analysts’ expectations.
Meanwhile, a record 95,102,000 Americans were still NOT IN THE LABOR FORCE. The final jobs report of the Obama presidency shows that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009, when Obama took office, continuing a long-term trend that began well before Obama was sworn in.
Whistleblower Pollster Ron Rasmussen says it’s no surprise since polls show that two thirds of the public think the country is going in the wrong direction.
And employment statistics in particular have a habit of eclipsing the real story. As any worker will tell you, it is not the number of jobs that matters most, but what kind of jobs are available, what they pay, and how that pay measures against the cost of living. Obama’s bogus 4.7% unemployment rate is hiding the devastating story of underemployment, wage loss, and precariousness that defines life for millions of Americans, hoping for something better after President-elect Donald Trump is sworn in only 14 more days.
The Blower hopes the Trump Administration will be finally fed up with the way Establishment Cronies have running our economy into the ground. Liberals and RINOs just don’t realize that we can’t tax and spend our way back to economic prosperity. Right now, our real unemployment rate is still near 10%, families’ take-home pay has not risen for at least a decade, those 95 million Americans over the age of 16 are still not working, and our college graduates have been saddled with $1 trillion of student loan debt. And right now, America has one person to thank for it, and that’s Obama. Obama can add Unemployment in America to his Legacy. He’s certainly earned it.