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ARLINGTON, VA -- President Obama noted the lackluster April jobs report pegging the nation's unemployment rate at 8.1 percent at a high school here in suburban Washignton before pivoting to speak about student loan interest rates.
He characterized as “good news” the fact that the unemployment “ticked down again” from 8.2 to 8.1 percent, but added that his administration still has more work to do.
“After the worst economic crisis since the great depression our businesses have now created more than 4.2 million new jobs over the last 26 months. More than 1 million jobs in the last 6 months alone. So that's the good news, but there's still a lot of folks out of work, which means we have to do more," Obama said.
He said that one of the things the government could do to help the economy was keep interest rates on federal Stafford student college loans from spiking from 3.4 percent to 6.8 percent in July.
“Congress also has to do its part. Right now that means preventing the interest of student loans from doubling which would make it harder for you to pay for college next year.”
He also criticized House Republicans who passed a bill last week that would have paid for an extension of the low student loan rates by taking money out of a women’s preventive care fund established through the health care reform law.
“House Republicans are saying they’re only going to prevent these rates from doubling if they can cut things like preventive health for women instead,” he said.
Obama encouraged the students to take to social networks like Facebook and Twitter to pressure their members of Congress to vote to keep rates down.
“I want you to send a message to Congress. Tell them don’t double my rate. You should call them, you should email them, write on their Facebook page, Tweet them… teach your parents how to tweet,” he joked.
The president’s visit to the Washington-Lee High School in the D.C. suburbs was his first of two trips to the crucial swing state of Virginia in as many days.
Leave a Comment:
Mr President, you have done quite enough, thank you. Destroyed private sector job growth. Please dont do any more!
Also notice how Mr Obama uses the royal "we" when discussing the disastrous economic news.
Unlike any good news, where it is all... "I did this" and "I did that"
Hmm...clearly we have not been listening to the same President.
Who is more responsible for job creation, governors or Presidents...or is it all of us? Buy local! Buy American!
Uhh, No ya don't Brillo - GET OUT OF THE WAY!! STOP NOW!
Us productive members of society will take over.
You just go sit in the oval Office til January figuring out how to come up with the money for Mrs. Obummer's Invisalign!
33 months of private sector job growth.
Total jobs announced today was 168,000 (19K more in February than previously counted, 34K more in March than previously counted, and 115K in April). 168K exceeds what economists were predicting.
Republicans should be happy that the number of Government jobs continue to shrink and the number of private sector jobs continues to increase since President Obama took office.
Debbie,
All part of an average of 188,000 jobs added per month for the last 8 months.
@ Debbie, We know who's fault it is that the public sector jobs have gone away. If republicans had not cut these jobs we would be looking at about 7% unenployment.
Bob in Virginia - still slinging the same mud you always do. When President Obama took over we were losing jobs - the last month 750,000. We're adding jobs - even though it's slower than we would like.
Romney as always has no plans - just rhetoric - kinda like you!
Michael - my guess is you've NEVER been a productive member of society.
If we get rid of the majority of the GOP in the House we can begin to get bills passed and a stronger recovery on the way. If we all choose to pull together instead of vowing to make our President a one-term President our recovery will be faster. I realize that is like talking a foreign language to the GOP but it will actually work.
Obama/Biden 2012
Obama on jobs: 'We have to do more'
Gee should be easy for him - anything is better than the nothing he has done so far. Obama promised its was Job #1 in his State of the Union performance but did nothing...
BTW welcome to the "in Obama's pocket" network...
LMAOO, you mean like when Ms. Botox, er, I mean Nancy, ran our House into the ground from 2007- 2011??
Michael 1969 - but she didn't so again - you have NO point!
Nice goatee Michael...your mom trim that for you?
[Uhh, No ya don't Brillo...]
To paraphrase you..."Bigot much"?
Mickey, NY - it's all Michael has - his bigotry and stupidity. They vie to get first place in his posts. Usually stupidity wins!
You know Sanity, you are a F'ing idiot. I call it as I see them and you are definitely one of them. The only purpose you ever have around here is to criticize conservative posters. You never add to the conversation with facts, constructive comments and aid the discussion. Every post I ever read from you is putting down someone else. You are number one in name calling other than Dumfux... and you and she must be twin sisters. Welcome to the world of ignore.
The Republicans don't want job growth. Why you may ask? Because they are un-loyal Americans that would rather see the country fail and thus see President Obama fail
Hey! It's Gay Mickey!
What's happenin' our lil Original TeaBaggin' friend ?? Or do you prefer "What's shaking"? LOL I'm sure you'll get that over the weekend sometime
Anywhosers, did cha have anything of actual substance to add to the convo or just more bigoted comments? We'll wait with bated breath!
DumbFux
Michael, why is everyone a Gay to you, have something to confess do you. I did have to laugh though when I saw the goatee comment I know how much that makes you scream GAY!! By the way who determines what you have to say adds to the converstion Oh you that right. Now something for the "convo" what is the difference between we and me or I. Romney just claimed HE is going to add 500,000 jobs a month and Boner said jobs jobs jobs. And here is the right complaining about jobs, I thought they were going to fix that little issue in 2010.
I think Michael pretends to be a right wing crazy. Right Michael?
And he is doing a fine job of it. Good job Michael
Brianb(imbo) - I post more facts daily than you. When you can't argue with anyone you go ballistic and start with the Dumfux comments.
I will gladly be ignored by a know-nothing like you!
Obama/Biden 2012
Uh oh...looks like Brianb is a bit perturbed...guess that job interview didn't go as well as expected?
Mickey, NY - careful - he'll put you on "ignore" like me. Won't that just kill your day????? :-)
Gee Michael...who said anything about being gay? It seems most that are fixated on homosexuality are closet homosexuals themselves...not that there's anything wrong with that. It's only skin, right? You're accepted as you are...even with the goatee...that your mom trims.
By the way, how's FUBAR working out for you? Anyone "show you some love"? Maybe you shouldn't announce that you're a 42 year old virgin living in his mom's basement.
And dump that picture of yourself in front of the pile of your dirty laundry that your mom didn't get around to washing. Not very flattering...kinda like that "goatee".
You're going to be very lonely during Obama's next term, especially if they don't reopen the comments section over at fox "news"...but hey, there's always Glenn Becks' The Blaze, right Michael?
[Mickey, NY - careful - he'll put you on "ignore" like me. Won't that just kill your day????? :-)]
Seeking, I think Brianb already has me on iggy...but do you mean "Spanky ignore" or real ignore...see, cause there's a difference...one actually utilizes the ignore feature built in to NewsVine, while the other is just all talk and no action...care to fathom a guess as to which is which?
By the way, when Brianb doesn't like what someone has to say, OR their opinion differs from his and he can't MAKE them see things his way, OR they prove him wrong on an issue he feels strongly about, he gets a bit of sand in his vagina and it's the big old Iggy for you...
The real photo of him is in front of his trailer playing pocket pool.
And that's all the more amazing considering he posts non-stop. We keep saying "quality boys, not quantity!" What can you expect from an inbred? It's also amazing Teapublicans bred at all because they have no rhythm.
Debbie,
The only reason the "government" jobs are declinging, is due to the fact that Obama has no more stimulus money to juice them up. Many of them were jobs that should not have been created in the first place.
Dave,
A fewer number and percent of Americans have government jobs today than under President Reagan.
That's BS Dennis, government job's have grown significantly, over the last twenty years. That's not even counting Obama's czars and Michelle's entourage.
>History of the Federal workforce on average (Excluding military personnel):
Key: President <> (Average Govt. Employees) <> (Population) <> (Percent of Population)
Reagan <> 2.91 mil <> 237.5 mil <> 1.23%
Obama <> 2.78 mil <> 308.7 mil <> 0.90%
http://www.opm.gov/feddata/HistoricalTables/TotalGovernmentSince1962.asp
Dave D- the stupidity about "Michelle's entourage" says everything about you. Our First Lady has the same number of staff as Laura Bush. Did you complain about her too? The First Lady's staff number has remained constant for a number of Presidents. Try again and, next time, try facts. I know that's foreign to Republicans - but at least try!
Dennis - how dare you post facts for Dave! That just wrecks his whole day!
Obama/Biden 2012
I see that the liberals are buying into Obama on this post. Deflection,deflection, hey look over there, there's nothing to see here. I have no jobs plan or in fact any plan at all. Why did his budget recieve 0 VOTES? I wonder if he can claim he's American Indian like his pal Elizabeth Warren? That should help nail down the Indian vote.
SeekingSanity -- geo-1957883 just topped Dave. And more on Romney's
plan improvisation spinpulling it out of his arse:Romney says we aren't stupid. Well not all of us.
Guess we can scratch the RNC talking point about President Obama NOT being able to run on his record!
Like Boehners chief lap dog stating (I'm paraphrasing) Obama cannot talk about the economy...
WTF?
President Obama is in YOUR face about it dude!
Keep on kicking ass & taking names on who the true obstructionists are, Mr. President!
Guess we can scratch the RNC talking point about President Obama NOT being able to run on his record!
Absolutely! I can't wait until the debates start. President Obama is going to crush Mitt and put an end to this unfounded nonsense that the president can't run on his record.
What I think the RNC is actually doing is trying to shift our attention away from Mitt's record. When we look at what he did in private business and as governor, it is easy to see that they don't want us to focus on his record.
...soon to be Mr. Ex-President!
wej1970 - in your dreams!
Yeah, in 01/20/2017
Feisty,
The obstructionist's are the moron's in the Senate. I'm surprised you didn't know that.
Dave,
Yes, it was the Republicans that filibuster legislation 3 times more, in just 2 years (Congressional session), than any other Senate ever.
FRH: thank goodness for the obstructionists!!! More power to them.
Dave D - the Republican obstructionists in the Senate are morons too. I'm surprised you brought them up!
45 % more people on food stamps under Obama. Now that's a great way to form a dependent base. What a genius! Now I understand when democrats say how smart he is.
Run on what record? Name one job Obama created with out Tax Dollars? We need 250,000 jobs a month for the next 5 years to get back on a good economic plan. Why are the 88 million with out work never mentioned,and where are the adjusted figures there are always adjusted figures,always?
A new dumb A@s Republican.
5 million jobs lossed since he took office, these people have gone completely through the system with unemployment benefits and shot out the other side never to be counted again. Rising gas, coal, propane and food prices and record numbers receiving welfare. He's done.
Surprised he didn't use the same lame excuse for jobs as for the high gas prices, "there's no silver bullet for jobs"... we'll for BlameBush Have-some-more-welfare Odumbass there certainly isn't....
After going to colleges to pander to the students that will be unemployed when they graduate, he doubles down and panders to the future unemployed High Schoolers. Great strategy to keep reminding them he is responsible for their 50% unemployment rate. Good job Obamie!
Interesting fact.
Bloomberg economists predicted 160,000 new jobs announced today.
Marketwatch economists predicted 163,000 new jobs announced today.
February 19,000 more jobs than previously counted.
March 34,000 more jobs than previously counted.
April 115,000 jobs added.
Total announced today was 168,000 more jobs than was predicted.
Where are the revised figures there are always revised figures? How come there are 88 million people with out work,if the job maket is doing so well? Your asking the wrong questions debbie,we need 250,000 jobs a month for the next 5 years to get us into a good economic place. Please do yourself a favor RESEARCH!
@Deb... Care to break down the math you used to come up with "168,000 MORE jobs than was predicted." By my math if approx. 161,500 were predicted and 115,000 were created then there were 46,500 FEWER jobs created than was predicted. You must be using Obamamath or something.
Obama just doesnt get it....
No apparently that would be you...
UAWPleeeeeeease - no you are the one who is totally clueless - you and your boy Mitt!
Obama gets it ,he is still hiding his transcripts. You would figure a Harvard Grad would have enough sense to not brag about a labor figures that are always adjusted down,always.
Too right Mr. President. Instead of working just 41 days this year maybe congress could get off of their fat butts and pass some bills that will create jobs instead of concentrating on womens sex organs or stomping on gay rights.
Economics 101 = Spend during a depression/recession and cut deficit spending during upswing in the economy.
GOP Economics 101 = Give to the rich. Fire teachers, police, and firefighters. Take away safety net for the poor.
Nailed it!
Republicans in Congress don't care about helping Americans and the economy.
Remember, the day President Obama took office, Republicans in Congress said their #1 priority is to make sure President Obama didn't get a second term.
and tell me just how that spending is working? all that spending 5 trillion and counting. and btw, who is going to pay it back? the 49 percent that does not pay any federal taxes at all???
House has passed and sent 27 jobs bills to the Senate. Reid allowed only the last to be presented and voted on. It passed and the Pres. signed it. WAKE UP!
You know the Republicans in the House submitted numerous job bills to the Senate and Harry Reid doesn't have the balls to bring even one of them to the floor for discussion. When you talk about job killers you might want to put the Democrats in the senate at the top of your list.
Yes and each one contained tax cuts for the rich, if we had passed all those bills we would now be paying the rich for being rich. Good job.
Rambatt,what happened during the first 2 years when Obama had a super majority,they could not even pass a budget,and Dingy Harry Reid will not allow one to come to the floor for a vote, now. Tell me again why Obama has been to Ohio 29 times since he took office?
Look at Republican leaders today.
Governor Romney was so bad at jobs that 46 states did better at creating jobs during his term. He even sent state phone calls to India.
Governor Walker (a big favorite). Since taking office, Wisconsin is dead last in job growth. In fact, Wisconsin is the only state in the country with significant job losses during the last 15 months.
Today, Republicans are all over the Internet praising President Bush who left office with the US LOSING nearly a MILLION jobs per month.
"Today, Republicans are all over the Internet praising President Bush who left office with the US LOSING nearly a MILLION jobs per month."
Still blaming Bush? It is all you pathetic libs have left...
Yes Obama came into office during a recession.
What has he done in almost 4 years? His policies have given us the worst recovery from a recession since the 1930s...
Obama is a massive failure as President, no question.
But Bob, we thought you respected politicians who blamed everyone else. Mitt blamed Newt, Sancto and Paul during the primaries and now he does nothing but blame Obama.
So what will VP Bob be doing after he leaves office?
Job 1 that a probing question.
Debbie when Obama took office the un-employment was 7.7 %,So what has Obama done? Tell me one job Obama created or saved with out tax payer funds? Maybe you need to do some research,why has congress not had a budget for over 3 years? Could be the Democrats do not want controlled spending?
Michael wants to take over? What the hell you been doing? Twiddling your thumbs, hoping things could get worse so maybe, MAYBE your guy would win?
If you get off your sorry but and start picking up your share of the load, maybe we'd be in better shape.
Productive members of society everywhere are pissed at you.
23 million unemployed, 19% underemployed and CNN reports 86 million no longer looking for gainful employment. Who's in charge? Who's the President?
313,472,971 people in the USA and well over 100,000,000 not earning anything or a lot less than before. Four more years of tears?
Who gets the job in 2012? Romney, the anti-Obama.
Your numbers are so wrong....How many millions are kids and senior citizens....There are only about one third of the people capable of working so with your numbers nobody has a job.............DUH....
No swphilly your koolaid is spoiled there are 86 million unemployed 16 years old and up. Where are the revised figures,115,000 ? why is it they never tell the truth,but always revise the figures down,always.
thanks, but no thanks. just sit in your office with your staff and doodle for a few more months.
we will get a President that we can be confident with come Nov.
Right people like you will never have confidence in a man of color.....Your mammy told you to fear them..
SWphilly there is one reason,you need to do some research,Just because someone of color is in office does not make their decisions correct and playing the race card will do more harm and never make a wrong decsion correct.
@sw philly... I only have no confidence in Obama's white half. The 1/32nd of African in his blood is doing marvelous.
Oh look, the race card... how surprising <eyes rolling> that and class envy are the Liberals' plays of last resort... can't discuss the issues, so they try to sling mud and demonize success....
The first mistake is refering to Obama as a President. He is no President, just a pretender.
Now we should be discussing the first year agenda of PRESIDENT Mitt Romney.
Time to ditch the dog-eater, Presidential wannabe.
Edward - see you've been listening to Fox News. Romney isn't qualified to be sanitation engineer! He just panders to those who are less educated and believe his crap - like you and Sunshine!
On the dog-eater comment - SO stupid!
Edward,
He is our President and will be referred to as such long
after your great, great grandchildren are long dead.
Dennis that assuming he can produce any offspring. You have to watch out for those wide stances.
OK Susan now is your chance tell me of a job Obama has had where actually worked for a living? Or ran a business where he signed a pay check? Better yet tell me one job he created or saved without tax payer funds?
A new dumb as@ republican.
I have to agree with Edward here.
Romney will be the President....a REAL President for the next EIGHT YEARS.
Romney has a proven successful track record. Obama is a ghost. No track record. Affirmative action reject.
Watch the tremendous hiring surge the day after Obama's concession speech. Watch the entire congress go to a healthy Republican majority. Watch Whorehouse Harry Reid be downgraded to Senate dogcatcher.
This fiasco called "the Obama Administration" with all those worthless czars, are going the way of the dinosaur.
Obama shelved in 2012.
A concession speech takes class and humility. Obozo has neither. His out-the-door speech will be "we coulda fixed things if only we'd had another $40 Trillion to spend".....
"We have to do more??" Evidently the President is waking up to what was evident to all the rest of us when he took office -- Mr President, get ready for some bad news -- there is a bad economic condition going on!!
He's a Legend in his Own Mind....
Obama encouraged the students to take to social networks like Facebook and Twitter to pressure their members of Congress to vote to keep rates down.
Why don't we use these same technologies to elect a President rahter than relying on the antiquated Electoral College. I wonder if Obama would suggest that to his base. It would be an interesting idea. But it would actually let the people's vote mean something. Should the President elect be the person the majority of Americans vote for rather than using the Electoral College approach that favors the more populace States?
It would also mean other countries would be voting for our President or did you forget that little fact that facebook is world wide.
We could vote on-line using SS numbers as verification..
Rates down for what? How about tution rates,cut professors pay.the Universities set the tution rates not congress.
StormerF. I had an engineering professor who made over $200,000 at my school because the private industry would scoop him up for much more than that because of his numerous patents. They have to pay some of these professors like that because otherwise they would not have the best teachers.
Yeah, make is easier for Dead People and cartoon characters to vote Liberal! Tell me again why Dems object to having to show ID to vote? After all, you have to show ID to get your gubment check....
The reason the jobless rate dropped this month had more to do with how many people left the workforce (quit looking) than how many gained jobs.
115,000 new jobs and 340,000 gave up and left the work force.
bob - no it doesn't. Try facts instead of the GOP talking points. You'll look smarter - less Republican!
Seeking Sanity
Numbers are from the dept of labor. facts are that 340,000 is larger than 115,000 and therefore reduces the unemployed counted by the government more than the 115,000 "new jobs".
Do you have any other facts? Happy to hear them.
Bob,
Looks like Seeking Sanity is just another Obama leg-humper who will defend the fool no matter what.
Obama could take a dump on the White House lawn in broad daylight, and Sanity would call it fertilizer. (Which in Kenya it probably is) LOL
JEP -
Don't confuse your derogatory comments and name-calling with facts.
Any company looks to make money first and make less of a humanitarian effort...If there are older workers who lost their jobs companies would be hard-pressed to hire them because the benefits and pay would not be a good investment. However, the government is the only entity that can hire people and not expect to make a profit. Unemployment insurance and foodstamps ensure that people do not starve and the government would hire older workers more readily than private companies and corporations
Might be the "Right" thing to do. But you can go broke doing the right thing.
It's more cruel to give people more than can be sustained. That just bankrupts everyone.
"We have to do more". More than what? It's like listening to a wall talk.
LIke pass his jobs bill
Swphilly passing his job bill only keeps peole working from taxpayer funds,like Union teachers,whom we do not need. Tell me one job Obama has created or saved with out tax payer funds? Any clown could spend tax dollars and create jobs 46 Czars for one ,as long as it s someone elses money it is easy to spend, why do you think the democrats have not had a budget for over 3 years?
stormerF,
[46 Czars]
3 more than Bush had … wow !!
How soon America forgets wasn't it under Bush jobs were lost? But we had tax cuts. Now we have tax cuts and we only modestly add jobs. What do you need a bigger tax cut to add maybe 120,000 more jobs? Wouldn't it had been nice if the "NO" party had been more interested in helping the American people and less interested in destroying Obama?
gloria, American's don't want to destroy Obama, they just want job's and he apparently doesn't have the skills or the ability to create them. He can't keep Blaming Bush. That comment is almost as inane as the "Hope and Change" crap.
THe stimulus saved and created jobs and his jobs bill would create more....All the gop can say is tax cuts for the rich and let the polluters pollute....
SWphilly any clown can created or save jobs by spending tax dollars,but it always comes to an end like the stimulis has and now Obama wants more? Maybe he could cut some of his 46 Czars? You can not tax yourself into the upper class your going to have tp go out and work for it, unless Obama spends so much of our tax money that we have to borrow 40 cents of every dollar spent?
Vote out of office republican and blue dogs dem.
Gloria, the jobs were lost because Dems passed legislation that forced banks to give loans to bad risks, then let Fannie and Freddie buy them up, and then sell them to our 401Ks... one big liberal scam to steal money from taxpayers and investors and give it to people who didn't work for it. That's what took the economy down, and that's what killed the jobs... pull your head out of your gloomy orifice and do some research instead of parroting the Liberal tripe...
Funny, the fast food business is responsible for 65% of all hiring for the quarter. Wow. Low paying jobs and no benefits. Hope and change.
Sallie,
So you say that “fast food business” added over 84,000 jobs in April alone.
Got a link or citation to prove it?
Sallie - liar!
SeekingSanity.....Double Check......This number was for the entire fourth quarter of 2011. My apologies for sloppy research.
Whoops....GSR Magazine. 2012
Sallie the Democrats do not want the truth,they are still drunk on Obama koolaid lies.
Odumbass, "Give Me Another 4", and I will move "Foward", with my Markist plan. Oh yeah, for you Lemmings "Forward", is a Communist thing. It is verifible.
Oh yeah is that why it was on the wisconsin state flag before Karl Marx was even born? Go watch Fox to make yourself dumber.....
Mcarthyism has been brought back to life just because you can't get away with calling him a spearchucker....
Actually some of Obama's friends from years ago say he was very pro communist. I doubt that has changed. Don't we now own GM? That's communism.
Swphilly,.. if you know this: Obama could not be an FBI agent due to his past associations with radicals like Bill Ayers and others.
Don't do anything else Obama, you've done more than enough already.
Alfred E. Newman could have done a better job.
Obama/Biden out in 2012
oh remember the good ol' days...when banks were giving out mortgages to those who couldn't afford the payments and multinationals were reporting unrealized profits....it was all part of the American dream! The GOP will continue to promote this vision of prosperity as long as they have those that believe that it can become their reality.
The reality is the GOP can give a rats ass about those who hang on their every word or anyone else but those wealthy enough to afford their private (dancer) services!
I believe if you check it was started under Carter called the Community reinvestment act,then Clinton sent letters to get slacker loans given to people who had sketchy credit,and finally Barney Frank and Chris Dodd with Fannie Mae and Freddie Mac pushing subprime loans. Your bright enough to ask your self why would a bank loan money to someone who had bad credit? Unless the government was underwritting those loans?
Thank you StormerF.
I couldn't remember the name of the act. The escape hatch for the banks was their ability to immediately sell those toxic loans to another company, thereby passing on the risk to someone else. The Companies that bought those bad mortgages in turn sold them in shares to investors. These were called derivatives. When the investors asked about the value of these investments, they were told that the derivatives were all rated AAA.
See the documentary "Inside Job" Very informative.
The Life of Julia. Take a look at how President Obama's policies help one woman
over her lifetime. UUUUUUUUUUU I guess American women according to Obama are too stupid to think and work hard to succeed on their own? Wait until they feel Sharia Law!!
This guy has had over three years and hasn't done a thing.
Now mike that is not true Obama has spent 5 trillion dollars to save hundreds of jobs,and make it impossible to build any more coal fired energy plants making prices for energy double shortly,as the older plants have to be shut down.
A new dumb as@ republican.
When looking at the unemployment rate we also need to closely look at the increase number of people who are now collecting welfare and are not looking for jobs and a moderate number of people who just quit looking for a job and are not collecting Welfare. Under the obama administration...welfar recipients have double (24 million to 44million) since George was in place. Our econonmy is miserable. As a City Government employee of a moderate size city, there is a record number of people vacating their homes due to foreclosure. The housing fiasco is not over yes. Don't be fooled! But don't worry....Occupy Wall Streeters are squatting in these homes and destroying them even more. These idiots do not represent anyone but themselves and I am sorry...Nancy Pelosi and obama. That is words directly from their mouths.
This is the heigth of spin. Just to mention Reagan and Obama in the same sentence is laughable. To get employment to where it was in 2007 under Bush we would need to create 500,000 new jobs a month for the next 54 years. What our liberal friends fail to tell you is that we need to create 160,000 jobs per month just to stay even with those new jobs seekers entering the job market every month. So the Obama administration's claim of 188,000 per month is a little more than staying even. Even the other part of the NBC spin masters at CNBC admitted the majority of the drop in unemployment is from people dropping out of the job market or having stopped looking. The real unemployment rate is between 14% and 15%
Ray,
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1%.
If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1%.
The percentage of Americans in the labor force has been declining for more than a decade. In January 2000, 67.3% of Americans had a job or were actively seeking work. By 2007, just before the recession, that had fallen to 66%. In January 2009, the month Obama assumed the presidency, it was 65.7%. Since then, it has fallen to 63.6%, a level not seen since 1981.
http://www.washingtonpost.com/blogs/ezra-klein/post/the-incredible-shrinking-labor-force/2012/05/04/gIQANXAy1T_blog.html
500,000 jobs a month for 54 years is 324,000,000 jobs and greater than our entire population. So clearly you type without engaging common sense.
Shrinking job market,.. because people are afraid to invest their money due to the 181,000 pages of regulaion Obama's admnistration has put in place and no one knows if taxes are going up, so the investor is keeping his money close or overseas. Driving energy prices up have also caused a shrinking job market,because green energy is not profitable for private investers.
Interesting... trying to do linear extrapolation and avoiding the reason that there ARE less people in the workforce.... during the Bush admin, they weren't using up two years of unemployment and then not looking for a job anymore.... more liberal policy working really well (yeah, that's sarcasm)
The best thing to do is vote obama out of office and recall all of the restrictions that he has imposed on coal, gas, oil, so that we can mine,drill, and get on with reducing the debt that obama's administration has imposed on the present an future generation.
We can drill all the oil and natural gas and coal that we need and sell even more offshores..But we still need water to drink and actual food to eat. We cannot eat or drink poisoned water or food. When we do this without oversight, we get superfund sites where entire towns are vacated and deemed uninhabitable. Most Americans have nowhere else to go once you poison all your land and water. These corporations and CEOs do not have to live in these poisoned areas. Think about that instead of just thinking about the spin. The oil is not used here at home...It's sent overseas where it is sold at $10 a gallon by Japan and other countries. We actually use Nigerian, Canadian and Venezuelan, Mexican oil here at home
Well Rebbie.... seems we were eating and drinking just fine for the first oh, 100 yrs, of drilling... what we're seeing is the Liberal push to take over the energy sector... coudn't do it using Cap and Tax, so executive orders to squelch domestic energy production are the order of the day.... killing drilling licenses offshore and on public land, demonizing fracking... fracking by the way, happens thousands of feet below the water table, and has been done in oil fields safely for decades... I know, I worked as a roughneck back in the 80's... very thick drill casing separates the shallower regions of oil wells from their surrounding strata and water tables... but let's not let facts get in the way of Liberal histrionics...