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Saturday, July 9, 2011

postheadericon Obama must change policy for hope to be restored

For the second month in a row, the employment situation released by the Obama administration reveals that our nation’s economy is in severe distress. Last month’s data was universally described as disastrous and June’s is even worse when you look behind the already bad topline numbers.

The number of people the Bureau of Labor Statistics does not classify as being in the labor force but instead are described as “marginally attached to it” skyrocketed to almost 2.7 million, a jump of 474,000 in June alone. This wipes out a year of gains by the economy in this key measurement of potential workers’ belief that getting a job is possible. Incredibly, Obama’s “recovery” has increased the number of people who are “marginally attached to the workforce” by 89,000 over the past year.

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