Saturday, September 03, 2011

Inner Banks - Job Statistics

Since the day he took the oath of office, Barack Obama has seen the loss of 2.4 million jobs in our nation. There are 2.4 million less people employed today than on that day.

Among people with jobs over 3 times that number, 8 million, are working fewer hours than they previously worked and would like to work. They have essentially lost a critical portion of their income.

Around 5 million young people have entered the work force since that day. Though some have found jobs, for every one who found a job someone else has lost a job. Since there are fewer people working today it is safe to say that the natural job growth needed to keep unemployment steady has not taken place.

If you count the people who would like to work but have given up looking (a number ignored by the government) real unemployment currently exceeds 20% of our workforce. This is approaching the unemployment rate at the depths of the depression in the 1930s.

Barack Obama insists he has created 2 million jobs. I think that his claim is gibberish. Like most left wing extremists he believes that his irrational explanation should satisfy even the millions whose lives he has destroyed.


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