Well, the Obama administration is once again blowing their own horn due to another month of job growth; all be it only 162,000. Not surprisingly, those with their heads screwed on straight are not impressed. Most Americans must be getting tired of hearing these same words repeated by the President after each monthly jobs report comes out:
While more work remains to be done, today’s employment report provides further confirmation that the U.S. economy is continuing to recover.
The Right Scoop blog ran a post titled: NOT GOODL Almost 80% of jobs created in 2013 have been part time. And the Conservative Intelligence Briefing had this as a headline: WH on new jobs report: ‘…continue to dig our way out.’ They’ve got the ‘digging’ part right, anyway. I have to agree. Digging the hole deeper is the one thing our government does well.
My friend, AZ Leader at the Inform The Pundits blog likes to crunch numbers. He has the patience to wade through government reports to find out what they are not telling us and we should all be grateful for people like him. If you read his post The Real Jobs Report: July 2013, you will learn, for example, that President Obama did not lie when he said 162,000 jobs were added in July; but, what he did tell the American people is that in that same month 204,000 people became eligible to be part of the workforce. This is part of what AZ had to say:
Based on the employment-population ratio, there are 7.8 million fewer people employed today than there should be.
And that is even after accounting for the 7.2 million jobs created which President Obama bragged on in his jobs speech in Chattanooga this week.
If that is what “Progressives” call progress, it’s no wonder that the hole keeps getting deeper.
But, I have to give my vote for the best blog post title relating to jobs in this once great nation to Zero Hedge:
Obamacare Full Frontal: Of 953,000 Jobs Created
In 2013, 77%, Or 731,000 Are Part-Time
If my math is correct, what President Obama is bragging about is this: in the first seven moths of this year, his policies have created about 100,000 part-time jobs per month and about 30,000 full-time jobs per month. I have a question:
Since when did Detroit become the poster child for the American Dream?
Well, that’s what I’m thinking. What are your thoughts?