Well the government's version of the unemployment numbers for December are in. And what we're being told is that those numbers supposedly showed that while the general unemployment rate remained flat at 7.8 percent, unemployment for women and African-Americans rose despite an economy that supposedly created 155,000 jobs. Unemployment for women rose to 7.3 percent in December and that's up from 7.0 percent while the rate for African-Americans rose sharply to 14.0 percent, up from 13.2 percent in November. I find it more than just a bit ironic, and cheerfully so, that two of Barry's core constituencies, who I'm quite sure bought the many, and various, excuses he provided during the last campaign about why the economy is doing so poorly, are the ones now taking it in the shorts employment-wise.
Unemployment among African Americans has remained high throughout the sluggish economic 'recovery' of the past several years, despite the steady decline in overall unemployment in the economy generally. But it didn't prevent blacks from dutifully marching off to the polls this past November, nearly en masse, to vote for their black president. The number of employed African Americans actually fell in December, a month that typically sees a spike in job creation as employers add temporary positions to handle the holiday shopping season. The number of employed African Americans fell from nearly 16 million to 15.8 million in December. By contrast, the unemployment rate for Whites, while being nowhere near accurate, remained nearly a full point below the national average at 6.9 percent in December.
But as bad as the unemployment situation is for the country as a whole, the dismal jobs situation here in America is even worse for young adults, which, I think, can be viewed as another core group who, I feel pretty certain, voted for Barry. These same folks are suffering an unemployment rate 30 percent higher than the national average of 7.8 announced today by Washington. And according to something called the
Generation Opportunity, a national, and supposedly non-partisan, organization advocating for Millennials ages 18-29, for that specific age group the unemployment rate is at 11.5 percent and a shocking 22.1 percent for younger black Americans. These numbers were announced its Millennial Jobs Report for December 2012. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds.
So, besides being 22.1 percent (NSA) for 18-29 year old African-Americans for December 2012, the unemployment rate for 18-29 year old Hispanics for December 2012 is 12.2 percent (NSA); and the unemployment rate for 18-29 year old women for December 2012 is 10.4 percent (NSA). And then you throw in the declining labor force participation rate which has created an additional 1.7 million young adults that are not even counted as "unemployed" by the U.S. Department of Labor. They're not counted because they are not in the labor force, meaning that those young people have given up looking for work due to the lack of jobs. If the labor force participation rate were factored into the 18-29 unemployment calculations, the actual Millennial unemployment rate would rise to 16.3 percent (NSA).
And again, I feel pretty confident in saying that the majority of those who comprise each of these various little groups, and now currently find themselves unemployed, voted for Barry "Almighty" the last time around. Therefore, if they are truly interested in finding out who it is that's to blame for they're currently being without a job they need look no further than the nearest mirror. It's kinda like that old saying, "What goes around, comes around." The ones who I truly do feel sorry for are the ones like my daughter who didn't vote for that ass, but yet has been made essentially a casualty of his socialist policies that he has been putting into place since day one. Policies which, because of a successful re-election, we will now be forced to contend with for at least the next four years, if not longer.
No comments:
Post a Comment