For over 6 years now Barry “Almighty’s” war on the
American worker has continued, and, sadly, pretty much unabated. Some of the numbers that we’re seeing today
haven’t been seen since the days of that other economic genius, Jimmy
Carter. One number in particular is the
labor force participation rate which hovered between 62.9 percent and 62.7 percent
in the eleven months between April 2014 and this February. It has been 62.9 percent or lower in 13 of
the 17 months since October 2013. Prior to that, the last time the rate was
below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent.
According to data released from the Bureau of Labor
Statistics (BLS) on Friday, the labor force participation rate declined to 62.8
percent in February, thus matching that of March 1978, with 92,898,000 Americans
not in the labor force. In February, according
to BLS, the nation’s civilian noninstitutional population, reached 249,899,000.
Of those, 157,002,000 were described as participating in the labor force
because they were either holding a job or actively seeking one. The 62.8 percent also matches the rate in
April, May, June, and October of 2014. The
participation rate hit its lowest level of 62.7 percent in September and
December of 2014.
In February, 92,898,000 people did not participate
in the labor force. These Americans did not have a job and were not actively
trying to find one. Now keep in mind, when Barry first took office in January
2009, there were 80,529,000 Americans who were not participating in the office,
which means that since then, 12,369,000 Americans have left the workforce. Of the 157,002,000 who did participate in the
labor force, 148,297,000 had a job and 8,705,000, or 5.5 percent, did not have
a job but were actively seeking one, making them the nation’s unemployed. Thus we once again see the ‘fuzzy math’ used
in coming up with the nation’s unemployment rate.
Now I spoke earlier of Barry’s war on the American
worker, but there is also something else going on here that would seem to
indicate, at least to me, that Barry is perhaps trying to kill two birds with
one stone. You see, there were a record
56,023,000 women, age 16 years and over, who were not in the labor force in
February. And keep in mind that not only
was that a record high, but it's also the first time the number has exceeded 56
million, according to data from the Bureau of Labor Statistics (BLS). In January 2015, there were 55,756,000 women
not in the labor force, which means that 267,000 women dropped out of the labor
force since then.
According to the BLS, 56.7 percent of women were
participating in the labor force in February, a drop from 56.8 percent in
January. In the last year, since
February 2014, the labor force participation rate for women has fluctuated
within a range of 56.6 percent to 57.2 percent, and February’s percentage of
56.7 falls on the low end of that scale. The BLS labor force numbers begin with
the nation’s civilian noninstitutional population, for women, that number was
129,252,000. Of those people, there were 73,230,000 women in the labor force,
meaning they participated by either having a job or looking for one. This
brings the participation rate to 56.7 percent.
Of those 73,230,000 women participating in the labor
force, 69,291,000 had a job in February, and 3,939,000, or 5.4 percent, did
not, making them the nation’s unemployed.
While the number of unemployed women decreased over the month from
4,076,000 in January to 3,939,000 in February, the number of employed women
also decreased from 69,332,000 in January to 69,291,000 in February. The
unemployment rate for women decreased from 5.6 percent in January to 5.4
percent in February. Much has been said
about a Republican “war on women” but who is really that has brought about the
most casualties, economically speaking?
Barry!
And something that I also think worthy of note is
the fact that there on the eve of the commemoration of the 50th anniversary of
the civil rights march in Selma, Alabama, the unemployment rate among African
Americans remains more than twice that of white Americans and nearly twice the
national average. Even if we choose to
use the latest numbers provided to us by the Bureau of Labor Statistics, which
we all know are nothing more than a work of pure fiction, the African American
unemployment rate for the month of February was 10.4 percent, compared to the
white unemployment rate of 4.7 percent and national average of 5.5 percent.
While the White House boasted about February’s job
gains of 295,000 jobs and its 5.5 percent unemployment rate Friday morning, it
did acknowledge the “unacceptably high” unemployment rates among blacks and
Hispanics. In a statement about the jobs
data Jason Furman, Chairman of the Council of Economic Advisers, argued that
while the African American and Hispanic unemployment is nearly down to
pre-recession levels, it is still too high. He said, “This is why the President
has proposed a number of policies, including the My Brother’s Keeper initiative
for young men of color and tax relief for working families, to help reduce
disparities in labor market outcomes.”
Look, I thinks it’s pretty clear what Barry’s entire objective is here. And that is to slowly but surely destroy the private sector economy by any means available in order to get as many Americans as possible addicted to the government. He claims to be working to help rebuild the middle class, but in reality he’s done more to destroy it than any president in history. And with Hitlery Clinton now waiting in the wings, does anyone really think that she’s going to do anything other than what he has done for, what will be by that time, the last eight years? She’s just as much of a devoted Socialist as he is. What makes the American people want to go in that direction?
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