Press Releases

#Julia Needs A Job

Another Jobs Report Demonstrates Why Obama Is Running Away From His Failed Economic Record And Running On Gimmicks

“U.S. Employers Pulled Back On Hiring In April For The Second Straight Month, A Sobering Reminder That The Economy Remains Weak. The Unemployment Rate Fell To 8.1 Percent, But Only Because More People Gave Up Looking For Work.” (Christopher S. Rugaber, “Unemployment Rate Falls To 8.1 Percent As U.S. Adds 115,000 Jobs In April,” The Associated Press, 5/4/12)

THE UNEMPLOYMENT RATE HAS REMAINED ABOVE EIGHT PERCENT FOR A POST-WWII RECORD 39 STRAIGHT MONTHS

The Weak Jobs Report “Keeps Fears Alive That The U.S. Economy Is Losing Momentum.” “Employers added 115,000 workers to their payrolls last month, the Labor Department said on Friday. The reading keeps fears alive that the U.S. economy is losing momentum and dampens hopes that a stretch of strong winter hiring signaled a turning point for the recovery.” (Jason Lange, “April Hiring Slows, Jobless Rate Falls To 8.1 Percent,” Reuters, 5/4/12)

  • Former Biden Economic Adviser, Jared Bernstein: “I’m Not Seeing A Ton Of Sunshine Here.” (CNBC’s “Squawk Box,” 5/4/12)

Since President Obama Took Office, The Nation Has Lost 572,000 Jobs And The Unemployment Rate Has Increased From 7.8 Percent To 8.1 Percent. (Bureau Of Labor Statistics, Accessed 5/4/12)

  • Including 35,000 Private Sector Jobs, 1,000,000 Construction Jobs, And 605,000 Manufacturing Jobs. (Bureau Of Labor Statistics, Accessed 5/4/12)
     
  • Women Have Lost 567,000 Of The 572,000 Jobs Lost Since Obama Took Office. (Bureau Of Labor Statistics, Accessed 5/4/12)
     
  • Jim Pethokoukis: “And If Labor Force Participation Had Stayed The Same As In March, Unemployment Rate Would Have Risen To 8.4%” (Jim Pethokoukis, Twitter Feed, 5/4/12)
     
  • The Washington Post’s Ezra Klein: “Economy Added 115,000 Jobs In April — Barely Enough To Keep Up With Population Growth.” (Ezra Klein, Twitter Feed, 5/4/12)

The Unemployment Rate Has Remained Above Eight Percent For A Record 39 Straight Months. (Bureau Of Labor Statistics, Accessed 5/4/12)

  • “Unemployment Has Exceeded 8 Percent Since February 2009, The Longest Such Stretch Since Monthly Records Began In 1948.” (Shobhana Chandra, “Payrolls In U.S. Rose 115,000 In April; Jobless Rate At 8.1%,” Bloomberg, 5/4/12)

“Payrolls Climbed 115,000, The Smallest Gain In Six Months.” “Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today in Washington.” (Shobhana Chandra, “Payrolls In U.S. Rose 115,000 In April; Jobless Rate At 8.1%,” Bloomberg, 5/4/12)

The Average Duration Of Unemployment Has Nearly Doubled From 19.8 Weeks To 39.1 Weeks. (Bureau Of Labor Statistics, Accessed 5/4/12)

There Are Currently 968,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 5/4/12)

The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Is 14.5 Percent. (Bureau Of Labor Statistics, Accessed 5/4/12)

There Are Currently 12.5 Million Unemployed Workers. (Bureau Of Labor Statistics, Accessed 5/4/12)

OBAMA CONTINUES TO FAIL MILLIONS OF WORKERS WHO HAVE GIVEN UP ON FINDING A JOB AND DROPPED OUT OF THE LABOR FORCE

After The Jobs Report In May 2010, Obama Boasted That “Workers Who Had Dropped Out Of The Workforce Entirely … Are Now Seeking Jobs Again, Encouraged By Better Prospects.” OBAMA: “Given the strength of these job numbers, this may seem contradictory, but this increase is largely a reflection of the fact that workers who had dropped out of the workforce entirely are now seeing jobs again and—are now seeking jobs again, encouraged by better prospects.” (President Barack Obama, Remarks On The National Economy, Washington, D.C., 5/7/10)

President Obama Has Failed Unemployed Workers

There Are 6 Million “Drop-Outs” Who Have Stopped Looking For Work. “One of the unanswered mysteries about the economy today isn’t just where the jobs are, but where the drop-outs are. Those ‘drop-outs’ are the 6 million would-be workers who are not counted in the labor force because they’ve stopped actively seeking more work, even if they’re very much hoping for more work.” (Derek Thompson, “Who Are The 6 Million?” The Atlantic, 12/29/11)

In April, 342,000 Americans Dropped Out Of The Labor Force. (Bureau Of Labor Statistics, Accessed 5/4/12)

  •  “The Participation Rate, Which Indicates The Share Of Working-Age People In The Labor Force, Fell To 63.6 Percent, The Lowest Since December 1981, From 63.8 Percent.” (Shobhana Chandra, “Payrolls In U.S. Rose 115,000 In April; Jobless Rate At 8.1%,” Bloomberg, 5/4/12)
  • The Number Of Workers Not In The Labor Force Reached An All-Time High Of 88,419,000. (Bureau Of Labor Statistics, Accessed 5/4/12)
     
  • The Washington Post’s Ezra Klein: “Unemployment Rate Down To 8.1%, But For The Wrong Reason: People Dropping Out Of Labor Force.” (Ezra Klein, Twitter Feed, 5/4/12)

 

OBAMANOMICS IS FAILING TO DELIVER JOBS THAT PAY WELL, HAVE GOOD BENEFITS AND CAN SUPPORT A FAMILY

After The Jobs Report In May 2011, Obama Asked “Where Are Those New Jobs Going To Come From That Pay Well, Have Good Benefits, Can Support A Family?” OBAMA: “Now, despite the good work that’s being done in Allison, obviously, here in Indiana and all across the country, there’s still some folks who are struggling. And a lot of people are thinking, where are those new jobs going to come from that pay well, have good benefits, can support a family? And how do we finally reduce our dependence on oil so that we’re not hostage to high gas prices all the time?” (President Barack Obama, Remarks On The National Economy, Indianapolis, IN, 5/6/11)

Those Jobs Are Not Coming From The Obama Economy

The Recovery Has Failed To Produce The Middle Class Jobs Obama Campaigned On. “Barack Obama campaigned four years ago assailing President George W. Bush for wage losses suffered by the middle class. More than three years into Obama’s own presidency, those declines have only deepened. The rebound from the worst recession since the 1930s has generated relatively few of the moderately skilled jobs that once supported the middle class, tightening the financial squeeze on many Americans, even those who are employed.” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)

  • John Forsyth, A Railroad-Car Inspector And Political Independent, “He Kept Pushing This Change, Change, Change, And He Hasn’t Done Anything.” “‘It started long before Obama, but he hasn’t done anything,’ said John Forsyth, 58, a railroad-car inspector and political independent from Lebanon, Ohio. ‘He kept pushing this change, change, change, and he hasn’t done anything.’” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)

“The Jobs Are Lousy, And There Aren’t Enough Of Them.” “The job market these days is sort of like that old Catskills joke: The food is terrible, and the portions are so small. The jobs are lousy, and there aren’t enough of them.” (Mark Gongloff and Bonnie Kavoussi, “Job Market Recovery Led By Low-Wage Sectors,” The Huffington Post, 4/5/12)

“More Than Half Of All The Jobs Created During The Past Six Months Have Been In Low-Paying Industries Such As Retail And Temporary Help, Joseph Brusuelas, Senior Economist At Bloomberg LP, Noted On Thursday.” (Mark Gongloff and Bonnie Kavoussi, “Job Market Recovery Led By Low-Wage Sectors,” The Huffington Post, 4/5/12)

  • This Explains Why Growth Hasn’t Kept Up With Inflation. “That helps explain why wage growth hasn’t kept up with inflation, despite the economy having created 1.2 million jobs in the past six months.” (Mark Gongloff and Bonnie Kavoussi, “Job Market Recovery Led By Low-Wage Sectors,” The Huffington Post, 4/5/12)

“The Problem Is That Most Of The Decent Job Growth We’ve Seen In The Past Few Months Has Been In Sectors That Do Not Pay All That Well.” “The problem is that most of the decent job growth we’ve seen in the past few months has been in sectors that do not pay all that well. The economy has created 1.2 million nonfarm payroll jobs in the past six months — great news. But nearly 668,000 of those jobs — more than 55 percent — have been created in the retail, temp, ‘health care and social assistance’ and ‘leisure and hospitality’ sectors, notes Brusuelas.” (Mark Gongloff and Bonnie Kavoussi, “Job Market Recovery Led By Low-Wage Sectors,” The Huffington Post, 4/5/12)