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Are O’s claims for the economy accurate, given 130 million jobs lost, 93,686,000 NiLF, & the workforce down 489,675 with 60 mil new entrants?

The numbers are staggering. After six years as President, the DOL’s count from employment offices for all 50 states shows employers’ payroll record counts down 489,675 since 2009. What makes the half-million jobs shortage especially painful is almost 60-million newcomers infused into the workforce. That includes 29 million higher education graduates, at least 15-16 million newcomers who entered with less education, 6.5 million foreign born awarded green cards, and more than 3.3 million H1-B visa holders, refugees and asylees combined. Those figures don’t include migrant Mexican Nationals, Central & South Americans who’ve added millions more.

While Americans relegated to Not in Labor Force reached another record high of 93,686,000 on February’s Employment Situation Report, all other figures pale in comparison to the cumulative weekly counts of new claimants for UEI after job losses, which has reached 129.8 million from January 24, 2009 to February 28, 2015. At its current pace, the record setting blood-letting of jobs for the Obama Administration will top the 133,886,830 American workers who were employed when he took Office around Memorial Day. Count on total jobs losers exceeding that staggering number by, or during, the first week of June. Come Memorial Day, the solemn occasion meant to honor America’s fallen warriors might as appropriately apply in memoriam of the nation’s struggling labor force.

How can anyone see this as the healed economy Obama claimed in the SOTU?

Update:

A more detailed explanation is available here:

http://www.rockymountainperspective.com/emperors-p...

The graphs shown reflect Department of Labor employer's payroll record counts from the Employment & Training Administration's (ETA) r539cy report. The Not in Labor Force figure uses the NSA count on the BLS' Employment Situation Report for February: Household Data Table A-1. The 130 million jobs lost are shown every week since Jan. 24, 2009 on Excel charts at the RMP site.

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3 Answers

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  • 6 years ago
    Favorite Answer

    Real simple to understand:

    The Labor Participation Rate is the lowest in 37 years while there are 46.55 million Americans on Food Stamps and over 92 million citizens either not employed or under employed to match their skill or education levels to make a living. Seems that 6 years of Obama economics is a complete joke, he will not change his course so we all can expect another 2 years of the same crap until Democrats are booted from the Presidency. As simple as that!

  • ?
    Lv 7
    6 years ago

    Nonparticipation rates at 38 year lows and most of those jobs "he" created are low-paying, unskilled part time ones... and thank something he hates for any economic recovery: cheaper gas prices! Not "Obama".

  • 6 years ago

    Hilarious.

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