The Bureau of Labor Statistics announced the unemployment numbers Friday. Unemployment is 5.7% with 278,000 new jobs added. What they don’t tell you is that the unemployment numbers do not include those people who have given up trying to find work or who were forced to take crappy jobs.
The official unemployment rate amounts to a big lie according to Jim Clifton, CEO of Gallup. The number mixes part time and full time jobs, crappy jobs and good jobs. The percentage of full-time jobs as a percent of the population is the lowest it has ever been.
We lost 13 million jobs and only 3 million jobs have come back. Foreign workers have gained 3 million jobs which leaves citizens nowhere.
The more people who drop out of the workforce, the better the unemployment number gets. It is all very misleading.
We currently have a hollowed out middle class according to Jim Clifton.
What we need are 10 million jobs but good jobs, not these crappy jobs. That would bring the middle class back.
Right now, Clifton said, we’re heading in the wrong direction.
New business startups are where new jobs can be found but we are no longer creating new businesses.
A guess as to why that is happening is it’s the result of Obama’s policies of high taxation, heavy regulation, and Obamacare.
The real unemployment rate is 11.3%. More than 92 million Americans remain out of work though it is up slightly over last month.
Then there is the problem of outsourcing overseen by Barack Obama.
Tech jobs are being given to foreigners.
Companies are firing tech workers and filling their positions with lower paid H1-B visa workers.
It’s against the law but the Secretary of Labor has done nothing and will continue to do nothing about it.
As a result, there is a trend among American companies to do it.
Most recently, Southern California Edison fired their U.S. workers and hired foreigners. It’s against the law. These H1-B visas were never supposed to take jobs from Americans.
Barack Obama recommends doubling the number of H1-B visas each year. He is clearly the outsourcer-in-chief.
Branco Cartoon via Comically Incorrect