The Bureau of Labor Statistics announcement that unemployment has dropped from 6.7 percent in March to 6.3 percent in April was partly attributed to some 800,000 workers dropping out of the labor force last month, reducing the labor participation rate to 62.8 percent, a new low for the Obama administration.
After adjusting the BLS unemployment number to what is known as ‚ÄúU-6‚ÄĚ ‚Äď a measure that includes total unemployed, plus all persons marginally attached to the labor force, plus total part-time employed for economic reasons ‚Äď unemployment in April was 12.3 percent.
The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force, which includes an aging population that is continuing to head into retirement....
Jim Lincoln wrote: ...Ah, UPS, probably employment was higher in the Hoover Administration (until the Great Depression started) than it was through any of the Roosevelt's terms, until WWII...
Actually Jim, Hoover and Roosevelt shared the same policies for "economic recovery" but the policies were flawed and wouldn't have worked under either president. But seeing you brought up former presidents, by this time in the Reagan administration, even though they inherited a worse economic situation from Carter, the economy was already in full recovery.
However things are booming under President Obama, gasoline is up about $2 a gallon, a more than 100% increase since he took office, that has caused most other things to go up hurting the poor and middle class. Taxes are higher, beef is at an all time high, healthcare cost are doubling, the number of Americans on some sort of government welfare is at record levels, the deficit is higher than all previous administrations combined despite high tax revenue. So, we should give him some credit
Ezekiel 16:49 "Behold, this was the iniquity of thy sister Sodom, pride, fulness of bread, and abundance of idleness was in her and in her daughters, neither did she strengthen the hand of the poor and needy. (50) And they were haughty, and committed abomination before me: therefore I took them away as I saw good."
If it were not by means of these men, we could move on to better conditions for the word of God to grow and prevail, as opposed to waiting around to see what thing the cat will drag in next.
Reminds me of the Roman soldier who told Apostle Paul that he bought his citizenship with a great sum, while Paul said he was free born: appealing to the desire one has for their own children to also be born free. The "anything but the Bible" mentality prevails with this generation, who stand to receive everything provided, while yet taking the name of the Lord in vain, who provided it, having some evil effect of turning people away from Christ.
What no sense of humor amongst any of you! Wow. Ah, UPS, probably employment was higher in the Hoover Administration (until the Great Depression started) than it was through any of the Roosevelt's terms, until WWII. Oh, I like Herbie better than baby-face George by the way, but still Republican policies are what caused many of the problems, and yes, Bad Billy Clinton and the repeal of the Glass-Steagall act didn't help anything either [URL=http://thinkprogress.org/economy/2011/11/09/365419/paul-ryan-reinstate-glass-steagall/?mobile=nc]]]Paul Ryan: ‚ÄėI Agree‚Äô We Need To Reinstate Glass-Steagall[/URL].
It seems that the last President I complimented was Dwight D. Eisenhower. My opinions of Presidents can change. Through the years, I have come to appreciate Harry Truman.
President as hero? hmm, Abraham Lincoln, a real, good, Republican.
Still stands, not ONE day in the Obama administration has had more Americans working than ANY day of the Bush administration. Thus the reports of job growth are greatly exaggerated. Five years of misery and counting. It is only going to get worse. Also, during the current administration our credit rating was lowered and now our economy is second to China. Elections have consequences.
an article in the Investors Business Daily newspaper recently said that it makes more sense for some to retire early and receive a lower pension so that they qualify for subsidies under the Obamacare system, which end at 400 percent of the federal poverty level. so are they unemployed due to problems with the economy or due to the 'perverse benefits' that are built into the system?
I knew that politics was a lucrative business! For example, [URL=http://jesusnorepublican.org/gopcorruption.html]]]The Record of Republican Corruption[/URL] but I didn't think that was the total number of people who were politicians! Grudgingly to reach that number I'll toss in some Democrats and Libertarians as well.