Obama’s 87% Unemployment Rate

Only 100,000 jobs added in Obama’s entire term.

Obama may have inherited this mess, but after more than three years, he has utterly failed to understand the seriousness of the employment situation we are in.

Since January of 2009, official (CPS) employment levels have only grown by 100,000 jobs.  Meanwhile, the (Seasonally adjusted) Civilian noninstitutional population grew by 8.2 million, but only 9.4% of the newly added to the working age population (16 and older) found their way into the Labor Force.  (By the way, the Labor Force is simply a group that includes both the Employed and the Unemployed.)

The Labor Force data shows that Labor Force levels have grown by 771,000 since January 2009, again only 9.4% of working age Population growth.  With Employment level growth at 100,000,  only 13% of those added to the Labor Force found employment. 

Remembering that the Labor Force is defined as the Employed plus the Unemployed, the Unemployment rate is 87% of this Labor Force in our 41 month sample.

How many guestworker expansion bills are being debated right now?

Source Data:  Labor Force Statistics (Current Population Survey – CPS)

http://www.bls.gov/data

Obama’s 87% Unemployment Rate by weaver is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License.