Despite the federal government wasting $7.66 trillion dollars in stimulus over the past several years, the economy still stinks.
Recovery? What recovery?
The U.S. generated 157,000 jobs in January, just short of analysts’ estimates and another sign that economic momentum is stagnating. The headline unemployment rate inched higher to 7.9% from 7.8% a month ago.
The data adds fuel to a growing feeling that the recovery from the deep recession that followed the financial crisis of 2007 and 2008 has hit a snag. (Read More)
Meanwhile, the dismal labor participation rate remains unchanged.
Update: In President Obama’s first term 8.5 million Americans left the labor force. That’s some record.
Lost in these headline numbers was another rise in the number of people not in the labor force.
This number now stands at a staggering 89 million, up from 80.5 million when President Obama took office.
This means that there are currently 8.5 million more Americans not in the labor force than just four years ago.
@lonelycon Best Looking Up Tick in Unemployment Combined with Best Looking Negative GDP Rate! #UpBeatReporting
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David Brooks is another jerk. Just read his idiotic column in the NY Times. A pack of lies. “fears are overblown”. “doing a reasonable job of assimilating”. “not socially disruptive”.
What planet does this freak live on ? Since the Times likes China so much – maybe he ought to emigrate to China.
Maybe with 20,000,000 fewer illegal jerks in this country we would not have the unemployment problem we now have.
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On that news, the Dow Jones Average is now up 120 points. At this rate if unemployment gets to 30% the markets will hit the stratosphere.What a great job our Great Leader is doing. Just look at Wall Street.
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[...] Unemployment Rate Ticks Up To 7.9% – Lonely Conservative [...]
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