Green Room

This Is Your Obama Recovery: April Edition

posted at 9:51 am on April 8, 2012 by

Last week’s BLS numbers were worse, naturally, than the media let on.

Unemployment was “down” to 8.2% – after moving at 8.3 for a few months.  But remember, that percentage is against the “Labor Force Participation Rate”.

And that rate stands at 63.8%.

So you lop 8.2% off of that figure, and you get a grand dotal of 58.57% of the workforce actually working.

By way of comparison – in October of 2009, when the official unemployment rate was 10%, the participation rate was an even 65%, and 58.5% of the workforce was working.  The actual employment rate bottomed out at 58.2%, back in December of 2009.  That means that in terms of Americans working, we’re about a third of a percent better than the lowest point in the recession.

When Barack Obama was inaugurated, 60.58% of the workforce was working. That is over two points higher than it was last month.

The administration and media will try to spin these numbers as “recovery, with work to do”.

The truth is, in terms of Americans working, there is no recovery at all.

For nostalgia buffs?  The low point in the Bush Administration was 61% – half a point higher than the best Obama rate.  The high point was 63.5.

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Comments

They will continue to tell us that things are getting better, we’re moving in the right direction and repubs are rooting for failure. Moving on.

Kissmygrits on April 8, 2012 at 10:02 AM

Me thinks come hook or crook, bho/team will somehow fuzzy math to see to it the numbers get below 8% so bho will look good before election?

And bho will also ‘need’ billions upon billions to ‘help’ get people back to working?
L

letget on April 8, 2012 at 11:19 AM

WE HAVE THE MOST CORRUPT WHITE HOUSE IN MY LIFETIME AND THAT INCLUDES NIXON.

Rook on April 8, 2012 at 11:39 AM

Corporations won’t hire because they want to hurt the President.

Liberal4Life @ Anytime

//sac

Bulletchaser on April 8, 2012 at 12:12 PM

And even worse, every politician in DC knows the economy is poised for another recessionary wave in 2013 due to the budget, tax and Obamacare policies that will go into effect on 1/1/13. If this misery-perpetuating tyrant gets re-elected in 2012 his name will be a curse-word by 2014; but that won’t matter as much as his having a positive legacy.

rwenger43 on April 9, 2012 at 3:59 PM


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