Real unemployment rate 23 percent, 2.3 million fewer white Americans in labor force under Obama, 316k fewer white Americans employed since January 2015, 44 percent of Americans work 30 hours per week, Average age of minimum wage worker is 36, More than 100 million not working
“There’s no other way to say this. The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”…Gallup CEO Jim Clifton
“In today’s labor market, there are nearly 1 million “missing” young workers—potential workers who are neither employed nor actively seeking work (and are thus not counted in the unemployment rate) because job opportunities remain so scarce. If these missing workers were in the labor market looking for work, the unemployment rate of workers under age 25 would be 18.1 percent instead of 14.5 percent.”…Economic Policy Institute May 1, 2014
Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984”
I have been warning you about the decimation of white American jobs under Obama.
Reported here recently:
There were 167,000 fewer white Americans employed in April.
There were 316,000 fewer white Americans employed since January.
There were 875,000 more white Americans not in the labor force since January.
The labor force participation rate for white Americans dropped .4 percent since January.
It has dropped 3.3 percent under Obama.
There are over 2.3 million fewer white Americans in the labor force than when Obama took office in January 2009.
I have also reported about what Jim Clifton of Gallup accurately called a Big Lie, the stated unemployment rate.
The real unemployment rate, that is, real humans not employed, could well be 23 percent.
From Shadow Government Statistics.
“The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.”
“The ShadowStats Alternate Unemployment Rate for Aprile 2015 is 23.0%.”
Still not alarmed?
From Zero Hedge May 11, 2015.
“Did you know that 89 percent of all minimum wage workers in the United States are not teens? At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women. Millions upon millions of Americans are working as hard as they can (often that means two or three jobs), and yet despite all of their hard work they still find themselves mired in poverty. One of the big reasons for this is that we have created two classes of workers in the United States.
“Full-time workers” are entitled to an array of benefits and protections by law that “part-time workers” do not get. And thanks to perverse incentives contained in Obamacare and other ridiculous laws, we have motivated employers to move as many workers from the “full-time” category to the “part-time” category as possible. It may be hard to believe, but right now only 44 percent of all U.S. adults are employed for 30 or more hours each week. But to get any kind of a job at all is a real challenge in many parts of the country today. As you read this article, there are more than 100 million working age Americans that are not employed in any capacity. And according to John Williams of shadowstats.com, if the federal government was actually using honest numbers the unemployment rate would be sitting at 23 percent. That is not an “employment recovery” – that is a national crisis.”