Unemployment rate 4.7 percent in May 2016 LOL, If there is ever a real gain in full time employment the rate will go negative, Labor force participation rate dropped .4 % past two months, Labor force dropouts and part time jobs are real story
“In December 2014 there were 18 million immigrants (legal and illegal) living in the country who had arrived since January 2000. But job growth over this period was just 9.3 million — half of new immigration.”…Center for Immigration Studies February 2015
“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
“the Times of the nineteenth of December had published the official forecasts of the output of various classes of consumption goods in the fourth quarter of 1983, which was also the sixth quarter of the Ninth Three-Year Plan. Today’s issue contained a statement of the actual output, from which it appeared that the forecasts were in every instance grossly wrong. Winston’s job was to rectify the original figures by making them agree with the later ones.”…George Orwell, “1984”
From the US Labor Dept. June 3, 2016.
“In May, the unemployment rate declined by 0.3 percentage point to 4.7 percent, and the number of unemployed persons declined by 484,000 to 7.4 million. Both measures had shown little movement from August to April. (See table A-1.)”
“In May, the civilian labor force participation rate decreased by 0.2 percentage
point to 62.6 percent. The rate has declined by 0.4 percentage point over the
past 2 months, offsetting gains in the first quarter. The employment-population
ratio, at 59.7 percent, was unchanged in May. (See table A-1.)
The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers) increased by 468,000 to 6.4 million in May, after showing little movement since November. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)”
Since Obama declared the recession over in June 2009, the following has happened to white employment (you know, the segment of the work force that is supposed to be 2 thirds).Labor force: Dropped 1,855,000.
Labor force: Dropped 1,855,000.
Labor force participation rate: Dropped 3.4 percent.
Not in labor force: Up 9,201,00.
Obama speech June 1, 2016 Concord Community High School
“THE PRESIDENT: We decided to invest in job training so that folks who lost their jobs could retool. We decided to invest in things like high-tech manufacturing and clean energy and infrastructure, so that entrepreneurs wouldn’t just bring back the jobs that we had lost, but create new and better jobs, and folks who had lost work from the construction industry because the housing market had collapsed could go back to work rebuilding America.
And we can see the results not just here in Elkhart, but across the nation. By almost every economic measure, America is better off than when I came here at the beginning of my presidency. That’s the truth. That’s true. (Applause.) It’s true. (Applause.) Over the past six years, our businesses have created more than 14 million new jobs — that’s the longest stretch of consecutive private sector job growth in our history. We’ve seen the first sustained manufacturing growth since the 1990s. We cut unemployment in half, years before a lot of economists thought we would. We’ve cut the oil that we buy from foreign countries by more than half, doubled the clean energy that we produce. For the first time ever, more than 90 percent of the country has health insurance. (Applause.)
In fact, a poll that was out just last week says that two out of three Americans think their own family’s financial situation is in pretty good shape. But we know a lot of people are still feeling stressed about their economic future. The pundits, they say one of the reasons the Republican Party has picked the candidate that it has — ”
Square those lies with the data above.