(CNSNews.com) – 9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.
In April, the total number of Americans counted as “not in the labor force” declined for the first time since December, but that number was still near a record high at 89,936,000.
Over at USA Today, a self-employed massage therapist from Austin, TX has a letter to the editor responding to an editorial suggesting that Occupy Wall Street has lost its way. (Snip) ” So maybe they should take up their Second Amendment-sanctioned guns and storm Wall Street and our nation’s capitals. If our country doesn’t change, it could very well come to that one day.” Notice the language here. Rich Latta, [...]
The economy added 244,000 jobs in April but the unemployment rate skipped from 8.8% to 9%. What gives?
The number of jobs added comes from a survey of establishment payrolls. The unemployment rate comes from a separate survey of U.S. households. The household survey is much smaller than the establishment survey, and as a result it can swing around a lot — and move the unemployment rate up and down when [...]
Defaults and foreclosures are running a combined 15% on residential real estate. Unemployment is now around 22% and that isn’t even taking into consideration underemployment and massively reduced income for the self-employed. 48 of the 50 states are in massive economic trouble with Illinois, California, and New York (the largest) in dire economic straights as tax revenues continue to plunge. The federal deficit is now running $200 billion a month [...]