..The current declining unemployment rate of 7.3% comes after the creation of 169,000 jobs in August (part-time, temp and full-time); but 312,000 left the labor force. Black unemployment has resumed to nearly twice white unemployment levels at 13.4%; former President Bush’s average black unemployment rate was 9.7%, while President Obama’s thus far is at a depression-level 14.9%.
These fairly ugly unemployment numbers have come as 9.6 million have left the workforce, giving them a politically desirable cosmetic boost. Additionally, of the 2.2 million net jobs created since 2009, seven times as many part-time as full-time jobs have been created. It should be noted that the decline in the labor force to approx. 144,500,000 is due not only to the inability to find work, but because of retiring Baby Boomers.
http://www.ijreview.com/2013/09/801...criber#4753&utm_campaign=09-19-2013 IJ Review
These fairly ugly unemployment numbers have come as 9.6 million have left the workforce, giving them a politically desirable cosmetic boost. Additionally, of the 2.2 million net jobs created since 2009, seven times as many part-time as full-time jobs have been created. It should be noted that the decline in the labor force to approx. 144,500,000 is due not only to the inability to find work, but because of retiring Baby Boomers.
http://www.ijreview.com/2013/09/801...criber#4753&utm_campaign=09-19-2013 IJ Review
