Tuesday, April 17, 2012

The Really Horrible Employment Number That No One's Talking About

Last month's employment report revealed that a record 88 million people are no longer part of the workforce.  When Obama took office that number was around 80.5 million. In just three years, those not working has increased by nearly 10% or 7.5 million people.

This fact is a horrible reality.  It means that millions of graduating high school and college seniors never got a chance to the enter the workforce.  At the same time, it means that millions of former workers, who lost their jobs, just, frustratingly, gave up looking for work. And, let's not forget that these 7.5 million are over-and-above the official 1.1 million increase in the number of unemployed since Obama took office; moving from 11.6 million in January 2009 to last month's 12.7 million. This certainly flies in the face of Obama's claim that, some how, he has created 2.5 million jobs since taking office.


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