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Jobs Report: Stagnation Continues

Posted on August 3, 2012
Filed Under Economics | Comments Off on Jobs Report: Stagnation Continues

Non-Partisan Bureau Labor Statistics results: There are now 1.82 million more people not in the labor force now than just 12 months ago. If you go back to January 2009, the month Obama took office, that number is a whopping 5.48 million! This comes after several months of dismal jobs reports. We’ve been averaging just 75,000 new jobs over the past three months. What about minorities? According to the household survey, unemployment among blacks ticked up almost a full point to 14.4%. At this point in the Reagan recovery, the USA created over 300k new jobs each month – and that was when the population was much smaller.

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