And underemployment is huge! While President Obama has been spending the last few days going around town and saying goodbye to government department employees in preparation for his departure from office on January 20th, the government released this morning the latest employment data for the month of December. This is the last report issued under Obama's watch and it paints a much different picture from the rosy one the President himself presents.
While unemployment on the surface looks good, statistics do lie and liars do use statistics and when we look at the numbers no longer in the workforce, meaning working age Americans, we find that the December report includes a record number of Americans in that important category. Over ninety-five million one hundred thousand working age Americans are out of the workforce, meaning they are no longer eligible for unemployment benefits and have either given up on finding a job or, in many cases, retired early even though they may not have wanted to. This means that the percentage of working age Americans actually working includes only 62.7% as the number included has grown from about eighty million at the time Obama assumed office to the current number which is more than fifteen million higher. It is certainly not indicative of a healthy, vibrant and growing economy but instead quite the contrary.
And other reports released this week add fuel to the fire of concern for working Americans. The success touted by Obama of ten million new jobs created must be tempered by the fact that the overwhelming preponderance of those jobs are either temporary, many seasonal or part-time, a situation which has been compounded by Obamacare and minimum wage increases in a number of states. In many cases we have workers holding down two, sometimes even three, part time jobs to replace a good permanent job that they lost.
Liberal philosophy and economic practice never work very well together in a free market society and now as we see more and more manual jobs becoming automated, it is likely to get much worse. And while not absolutely every problem related to these issues is directly caused by Obama, his crony-capitalist, donor class focused Administration has certainly not addressed the needs of the millions of Americans who need jobs.
When welfare programs are ramped up to provide incentives not to work and millions of illegals arriving in country are given priority over citizens, it is American citizens who ultimately suffer, both in terms of their personal despair and the requirement that hard working Americans must pay the cost of the governmental folly. Until this changes and does so dramatically, don't expect thing to get better and that, my friends, is why America opted for a major change in governance in just fourteen days.
Let's give Donald Trump the opportunity to show what he can do to change the philosophy and the hopelessness that grips so many Americans today. After all, his electoral college victory was officially certified by the House of Representatives this day. Continued chaos and animosity will do nothing to put citizens to work. Let's focus on reality and what is necessary to be done to change things instead of continuing madness.
While unemployment on the surface looks good, statistics do lie and liars do use statistics and when we look at the numbers no longer in the workforce, meaning working age Americans, we find that the December report includes a record number of Americans in that important category. Over ninety-five million one hundred thousand working age Americans are out of the workforce, meaning they are no longer eligible for unemployment benefits and have either given up on finding a job or, in many cases, retired early even though they may not have wanted to. This means that the percentage of working age Americans actually working includes only 62.7% as the number included has grown from about eighty million at the time Obama assumed office to the current number which is more than fifteen million higher. It is certainly not indicative of a healthy, vibrant and growing economy but instead quite the contrary.
And other reports released this week add fuel to the fire of concern for working Americans. The success touted by Obama of ten million new jobs created must be tempered by the fact that the overwhelming preponderance of those jobs are either temporary, many seasonal or part-time, a situation which has been compounded by Obamacare and minimum wage increases in a number of states. In many cases we have workers holding down two, sometimes even three, part time jobs to replace a good permanent job that they lost.
Liberal philosophy and economic practice never work very well together in a free market society and now as we see more and more manual jobs becoming automated, it is likely to get much worse. And while not absolutely every problem related to these issues is directly caused by Obama, his crony-capitalist, donor class focused Administration has certainly not addressed the needs of the millions of Americans who need jobs.
When welfare programs are ramped up to provide incentives not to work and millions of illegals arriving in country are given priority over citizens, it is American citizens who ultimately suffer, both in terms of their personal despair and the requirement that hard working Americans must pay the cost of the governmental folly. Until this changes and does so dramatically, don't expect thing to get better and that, my friends, is why America opted for a major change in governance in just fourteen days.
Let's give Donald Trump the opportunity to show what he can do to change the philosophy and the hopelessness that grips so many Americans today. After all, his electoral college victory was officially certified by the House of Representatives this day. Continued chaos and animosity will do nothing to put citizens to work. Let's focus on reality and what is necessary to be done to change things instead of continuing madness.
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