Joblessness during prime working years worst in 23 years

[Stephanie]

lots of links in article at site

SNIP:

posted at 9:21 am on May 30, 2012 by Ed Morrissey

Supporters of Barack Obama point to the overall jobless rate and its slow decline to argue that his economic policies have worked, and just need more time to bring back widespread prosperity.
Opponents point to U-6 numbers and the actual number of net jobs created in his term (hint: less than zero) to argue that Obamanomics has been a failure. Who has the better argument? Consider a new analysis from the Washington Post, which shows just how bad the jobs situation has been all along:

The proportion of Americans in their prime working years who have jobs is smaller than it has been at any time in the 23 years before the recession, according to federal statistics, reflecting the profound and lasting effects that the downturn has had on the nation’s economic prospects.

By this measure, the jobs situation has improved little in recent years. The percentage of workers between the ages of 25 and 54 who have jobs now stands at 75.7 percent, just a percentage point over what it was at the downturn’s worst, according to federal statistics.
Before the recession the proportion hovered at 80 percent.

This captures the “missing workers” phenomenon, which the topline jobless rate ignores, and shows how poorly this recovery has performed. Even if one counts from the beginning of the recovery rather than from the beginning of Obama’s term, we have added 3.087 million private-sector jobs in the last 34 months, for an average of 90,079 jobs added per month — too low to keep up with population growth, which adds around 120,000 workforce-eligible adults each month. We aren’t even really treading water but falling behind slightly over that period.

As Peter Whoriskey hints, this has significant long-term implications for the American economy and policy, emphasis mine:

the rest at..
Joblessness during prime working years worst in 23 years « Hot Air

 

[Truthmatters]

[ame=http://www.youtube.com/watch?v=T6bmEv2-rFA]President Bush's speech on the financial crisis 9/24/08 (1) - YouTube[/ame]

 

[Claudette]

Well hells Bells.

What happened to all those created and saved jobs??

All those shovel ready jobs??

Oh wait. I forgot. Saved jobs and shovel ready jobs are a figment of someones imagination.

Never mind.

 

[pinqy]

What the article fails to mention, of course, is that the percentage of people age 25-54 who are Not in the Labor Force and do NOT want a job has also increased. Yes, unemployment is up, and yes, Discouragement is up, but so are people CHOOSING not to work.

 

[edthecynic]

Since the overall UE rate is down and CON$ervoFascists cannot tolerate that, they have to find some subgroup that will give them a stat to whine about, mind you these hypocrites say they don't group people, everyone is an individual, except of course when they see groups.

 

[asaratis]

President Bush's speech on the financial crisis 9/24/08 (1) - YouTube

Leave it to the village idiot to post a Bush speech when the blame falls on the golden boy...




You liberals are SOOOO fuckin' predictable!

Face it! Obama is a goddamned failure!

 

[pinqy]

Since the overall UE rate is down and CON$ervoFascists cannot tolerate that, they have to find some subgroup that will give them a stat to whine about, mind you these hypocrites say they don't group people, everyone is an individual, except of course when they see groups.

In this case it's actually a legitmate inquiry. A large part of the drop in the UE rate has been a drop in the Labor Force. Part of that drop is an aging population and more retirees, and people staying in school (and not getting or looking for part time jobs). But a good chunk is coming from 25-54 year olds and that's worthwhile to look at.

 

[francoHFW]

30 months of growth DESPITE Pub fear mongering and total non-cooperation. Strongest large economy in the WORLD now. But thanks for the DEPRESSION, 9/11, and longest, stupidest wars ever!! Oh right, none of that matters! LOL

And thanks for the biggest BS propaganda machine EVER- produces the dumbest haters/dupes EVER. Pub dupes!! see sig for what you don't know and the lies you do....

No compromise "un-American"(TIME) tea party GOP, a disgrace...

 

[RightWingFerret]

what did you expect? Obama had already made it clear that he hates America, and purposely collapsed the system so that he and his chicago thugs could have power to control us,,,,,yet 40-45% of Americans cant figure this out. He even admitted that none of the stimulus was to help small business.

 

[CrusaderFrank]

Once you understand that when Obama talked about "Change" he didn't mean for the better, it will all make sense.

He laughed off the Failed Stimulus that Corzine put together for him and Biden, what did you think was supposed to happen?

 

[RightWingFerret]

and where is Obama's IRS when it comes to John Corzine and Charlie Rangel? yet if u owe about 2000.00 to the IRS , they are ready to take your car!

 

[edthecynic]

Since the overall UE rate is down and CON$ervoFascists cannot tolerate that, they have to find some subgroup that will give them a stat to whine about, mind you these hypocrites say they don't group people, everyone is an individual, except of course when they see groups.

In this case it's actually a legitmate inquiry. A large part of the drop in the UE rate has been a drop in the Labor Force. Part of that drop is an aging population and more retirees, and people staying in school (and not getting or looking for part time jobs). But a good chunk is coming from 25-54 year olds and that's worthwhile to look at.

Except the number who actually WANT a job in that age group has gone DOWN from 2,879,000 in April 2011 to 2,631,000 in April 2012.

A-38. Persons not in the labor force by desire and availability for work, age, and sex

 

[CrusaderFrank]

Since the overall UE rate is down and CON$ervoFascists cannot tolerate that, they have to find some subgroup that will give them a stat to whine about, mind you these hypocrites say they don't group people, everyone is an individual, except of course when they see groups.

In this case it's actually a legitmate inquiry. A large part of the drop in the UE rate has been a drop in the Labor Force. Part of that drop is an aging population and more retirees, and people staying in school (and not getting or looking for part time jobs). But a good chunk is coming from 25-54 year olds and that's worthwhile to look at.

Except the number who actually WANT a job in that age group has gone DOWN from 2,879,000 in April 2011 to 2,631,000 in April 2012.

A-38. Persons not in the labor force by desire and availability for work, age, and sex

LOL

Fucking retard

So if we stopped counting money the government spend after August, we'd have a surplus

 

[RightWingFerret]

What Yobama actually meant was " Hope And Steal" aka,,,steal from your kids.

 

[Cammmpbell]

lots of links in article at site

SNIP:

posted at 9:21 am on May 30, 2012 by Ed Morrissey

Supporters of Barack Obama point to the overall jobless rate and its slow decline to argue that his economic policies have worked, and just need more time to bring back widespread prosperity.
Opponents point to U-6 numbers and the actual number of net jobs created in his term (hint: less than zero) to argue that Obamanomics has been a failure. Who has the better argument? Consider a new analysis from the Washington Post, which shows just how bad the jobs situation has been all along:

The proportion of Americans in their prime working years who have jobs is smaller than it has been at any time in the 23 years before the recession, according to federal statistics, reflecting the profound and lasting effects that the downturn has had on the nation’s economic prospects.

By this measure, the jobs situation has improved little in recent years. The percentage of workers between the ages of 25 and 54 who have jobs now stands at 75.7 percent, just a percentage point over what it was at the downturn’s worst, according to federal statistics.
Before the recession the proportion hovered at 80 percent.

This captures the “missing workers” phenomenon, which the topline jobless rate ignores, and shows how poorly this recovery has performed. Even if one counts from the beginning of the recovery rather than from the beginning of Obama’s term, we have added 3.087 million private-sector jobs in the last 34 months, for an average of 90,079 jobs added per month — too low to keep up with population growth, which adds around 120,000 workforce-eligible adults each month. We aren’t even really treading water but falling behind slightly over that period.
[/url]

Actually the last time a Democrat took over a Republican mess like this was 1933 after Hoover and the banks had phucked the middle class.......sound familiar

 

[RightWingFerret]

and just look at all of the clowns O'Bozo has chosen to work in his Hope and Pewk administration. more than u can count on your 12 fingers.

 

[Cammmpbell]

and just look at all of the clowns O'Bozo has chosen to work in his Hope and Pewk administration. more than u can count on your 12 fingers.

It would take about that many to phuck things up the way Cheney, Rumsfeld and Carl Rove did......just saying. The only real man they had around back then was Colin Powell and he supported Obama. You think he could have possibly been affected by Sarah Palin being able to see Russia and unable to name a single newspaper LOL

 

[editec]

Joblessness during prime working years worst in 23 years

Bad news for the generations that are either just starting out or into their careers, folks. These people will never make up the loss in lifetime incomes they're experiencing right now --not even if/when the economy recovers.


These generations of workers, much like the generations effected by the "Great" Depression, will be poorer for the rest of their lives, than they might otherwise have been.

"LOST OPPORTUNITY IS NEVER FOUND"

Poor Richard's Almanac​

 

[CrusaderFrank]

lots of links in article at site

SNIP:

posted at 9:21 am on May 30, 2012 by Ed Morrissey

Supporters of Barack Obama point to the overall jobless rate and its slow decline to argue that his economic policies have worked, and just need more time to bring back widespread prosperity.
Opponents point to U-6 numbers and the actual number of net jobs created in his term (hint: less than zero) to argue that Obamanomics has been a failure. Who has the better argument? Consider a new analysis from the Washington Post, which shows just how bad the jobs situation has been all along:

The proportion of Americans in their prime working years who have jobs is smaller than it has been at any time in the 23 years before the recession, according to federal statistics, reflecting the profound and lasting effects that the downturn has had on the nation’s economic prospects.

By this measure, the jobs situation has improved little in recent years. The percentage of workers between the ages of 25 and 54 who have jobs now stands at 75.7 percent, just a percentage point over what it was at the downturn’s worst, according to federal statistics.
Before the recession the proportion hovered at 80 percent.

This captures the “missing workers” phenomenon, which the topline jobless rate ignores, and shows how poorly this recovery has performed. Even if one counts from the beginning of the recovery rather than from the beginning of Obama’s term, we have added 3.087 million private-sector jobs in the last 34 months, for an average of 90,079 jobs added per month — too low to keep up with population growth, which adds around 120,000 workforce-eligible adults each month. We aren’t even really treading water but falling behind slightly over that period.
[/url]

Actually the last time a Democrat took over a Republican mess like this was 1933 after Hoover and the banks had phucked the middle class.......sound familiar

By 1933, the Fed bled 1/3 the money supply out of the economy and FDR averaged unemployment for the next 8 years.

Does 20% unemployment help the middle class?

 

[Cammmpbell]

Joblessness during prime working years worst in 23 years

Bad news for the generations that are either just starting out or into their careers, folks. These people will never make up the loss in lifetime incomes they're experiencing right now --not even if/when the economy recovers.


These generations of workers, much like the generations effected by the "Great" Depression, will be poorer for the rest of their lives, than they might otherwise have been.

"LOST OPPORTUNITY IS NEVER FOUND"

Poor Richard's Almanac​