The “real” number of
unemployed Americans is 22.7 million, Sen. John Barrasso’s (R-Wyo.) committee
said in a release. “These are people who are unemployed (12.0 million), want
work but have stopped searching for a job (2.5 million), or are working part
time because they can’t find full time employment (8.2 million).”
“The difference from
when President Obama took office is 475,000 more Americans unemployed or
underemployed,” the committee continued.
“The labor force
participation rate is 63.6 percent, a decline of 0.2 percentage points or
350,000 people. If the labor force participation rate were the same as when the
President took office, the unemployment rate would be 10.7 percent. …The number
of Americans searching for work for more than 27 weeks is 4.8 million, a
decrease of 200,000 from October. The average number of weeks a worker is
unemployed is 40.0 weeks — double from when President Obama took office.” Still, Democrats in
the upper chamber declared the report to be positive news.
Source: Vision to America, Filed
under Government, Politics Posted
on December 7, 2012
Comments:
Expect more lay-offs to pay for higher taxes and Obama-care, along with
a further dip in demand and a lower GDP. Real inflation will continue to be
over 10%. Most new jobs will be government
jobs and will fall short of 150,000 per month.
New entrants of U.S. citizens to the workforce will continue to be
150,000 per month. New legal immigrants with
work permits will continue to be 125,000 per month. Real unemployment will continue to rise,
because we will slow job growth well below the 275,000 new entrants we need
jobs for each month.
Norb Leahy, Dunwoody GA Tea Party Leader
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