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10 Key Facts on Jobs and Unemployment
Posted by Chris on October 05, 2012
1. 4.1 Million Fewer Jobs than Projected: In January 2009 the Obama Administration forecast there would be 137.6 million jobs in December 2010.  Instead there were 130.3 million jobs in December 2010.  Even 21 months later in September 2012, there are just 133.5 million jobs – 4.1 million fewer than the Administration’s forecast for late 2010.

2. Slower Jobs Recovery than during the Great Depression: This is the only “recovery” since World War II when jobs lost in the recession had not been recovered by this point.  In fact, the recent pace of job creation during the “Obama recovery” has been slower than during the Great Depression.

3. Less Full Time Work: Since January 2009 the number of full-time employees has fallen by over 600,000 while part-time employment has grown by almost 1.4 million.  This means part-time workers account for all of the net employment growth in the Obama years – the opposite of what Democrats predicted when they said their stimulus plan was “likely to move many workers from part-time to full-time work.”

4. Manufacturing Jobs Down: Since January 2009 over 600,000 manufacturing jobs have been eliminated, the opposite of the Administration’s projected increase of 408,000 manufacturing jobs due to their trillion-dollar stimulus.

5. Ten Times More New Dropouts than New Employees: During the Obama Administration, the number of people not in the labor force has grown by 8.2 million while total employment has grown by less than 800,000.  This means that during the Obama years new workforce dropouts have outnumbered new employees by 10 to 1.

6. Far Higher Unemployment Rate than Projected:  September’s 7.8% unemployment rate remains far above the 5.5% rate the Administration predicted for this month in their January 2009 report on the projected effects of stimulus.  Democrats actually predicted unemployment would fall to 7.8% in September 2009 – a full three years ago.

7. Real Unemployment Is Almost 11%: If the unemployment rate included the “invisible unemployed” (discouraged workers who dropped out or never joined the workforce), the September 2012 unemployment rate would be 10.9%:

8. More Unemployed Now than When Economy Was in “Free-Fall”: In September 2012 there were 12.1 million officially unemployed workers.  That’s 39,000 more than when President Obama took office in January 2009 – when the Administration said “we were in economic free-fall.” 

9. Two Million More Long-term Unemployed: In September 2012 there were 4.8 million long-term unemployed (that is, for over six months) – over two million more than when President Obama took office in January 2009.

10. Economic Misery up 80%: The “Obama Misery Index” shows that unemployment and debt have risen by a combined 80% since the start of the Obama Administration.

The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • 10/25/12 08/31/10 False
    ana from savannah commented on 10/25/2012
    Umployment & debts and hardship since 2009. Family & me are struggling...cuz of all the above u mentioned is true!!! Jack kingstom I give my vote to u.
  • 11/29/12 08/31/10 False
    James Cofield from atlanta ga commented on 11/29/2012
    Policy Holder mistakes that cost thousands The purchase of a property insurance policy seem to be fairly simple until you have to file a claim. The average policy holder have never read nor understand insurance policies so, they rely upon the agent to pick the best policy for them. This could be a costly mistake if you don't know what questions to ask. They purchase the policy with the " assumption" that they are covered for everything. They never ask what they are not covered for which are called the "Exclusion". There is a section in your policy that describes these exclusion situations. Not knowing them can cost you thousands. The two most common type of homeowners, condo and townhouse policies are ACV and RCV. Now one of them can cost you thousands if something was to happen while the other offers much more protection. To many policy holders shop for policies base on price which is a Hugh mistake because it ignores the coverage that you are getting. Shop coverage first then price second and keep in mind the two types of policies ACV and RCV. Also always request a certified copy of your policy which will contain every detail that you have agreed to at the time of purchase. These thing might seem small or unimportant so, we leave them up to our agents to make the right choice for our risk. One thing you must know once you sign on the line and make your payment you have agreed you understand what you have purchased. Now let's talk about how claims are handled when you have to file a claim. This is determined by the type of policy you have will result in how much you will be paid. Understand in this process you do have control on how this process will go. I suggest you hire your own adjuster or claims consultant. The reasoning behind this is to insure that you receive a full, fair and prompt settlement base on your policy. Don't be at the mercy of the insurance company adjuster it can cost you thousands. We at Atlas Global adjusters focus on advocating for policy holders in all types of claims with any kind of policies commercial or residential. You can find more details on these topics and more at publicadjusteratlanta.net. James Cofield 2002 Summit Blvd Ste. 300 Atlanta Ga 30319 atlasglobalclaims@yahoo.com 678-485-5402
  • 12/09/12 08/31/10 False
    Michael from Pocatello commented on 12/9/2012
    Originally from Savannah, Ga. We are missing an entire tax base, illegal aliens. We need to go to a national sales tax. That takes in everyone regardless of earnings, legal resident or illegal. Change IRS to a sales tax agency and get rid of the illegal inRcome tax.
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