Congratulations Liberal agenda, you have created the lowest participation rate since the Great Depression! If one was to look at the falsehood of an unemployment rate of 5% , then one would be excited by the numbers, but quickly looking at the numbers it is everything but to celebrate.
In April, the unemployment rate held at 5.0 percent, and the number of unemployed persons was little changed at 7.9 million. Both measures have shown little movement since August. This is scary because if you listen to the feds, it has added more jobs? How can it be adding jobs if the unemployed stays the same?Among the major worker groups, the unemployment rate for Hispanics increased to 6.1 percent in April, while the rates for adult men (4.6 percent), adult women (4.5 percent), teenagers (16.0 percent), Whites (4.3 percent), Blacks (8.8 percent), and Asians (3.8 percent) showed little or no change. So does the reason for a higher unemployment rate for Hispanics have anything to do with the current turmoil in the Presidential election?
Now Liberals, you can celebrate.
The number of long-term unemployed (those jobless for 27 weeks or more) declined by 150,000 to 2.1 million in April. These individuals accounted for 25.7 percent. That is 25% of the unemployed are the disenfranchised, or unemployable in this stagnate economy.
Time to bow your heads in shame: The change in total non-farm payroll employment for February was revised from +245,000 to +233,000, and the change for March was revised from +215,000 to +208,000. With these revisions, employment gains in February and March combined were 19,000 less than previously reported. Over the past 3 months, job gains have averaged 200,000 per month.
Compare this to the unemployment rate of 2007: The number of unemployed persons (7.2 million) was about unchanged in November, and the unemployment rate was 4.7 percent for the third month in a row. A year earlier, the number of unemployed persons was 6.8 million, and the jobless rate was 4.5 percent. Unemployment rates for the major worker groups—adult men (4.1 percent), adult women (4.1 percent), teenagers (16.3 percent), whites (4.2 percent), blacks (8.4 percent), and Hispanics (5.7 percent)—showed little or no change in November.
While we compare the types of economics that the two parties espouse we find that the “trickle down economics” of low taxes placed on businesses creating more jobs shows a huge advantage for the overall rate, as well as for minorities and women. When we look at taxation to growth, we find not only high minority unemployed, but we also see major displaced workers and more part-time employees.
We will need a true Conservative that will take the burden of high taxes, unnecessary regulations, and needed relief from outside the U.S. low price competitors. and turn changes into positive growth in the small private sectors. High minimum wage is never the best choice, but a competitive atmosphere where the cream of the crop rise, and become very successful, while those who do not aspire to greater heights stay stagnate.
Join the conversation!
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.