Soon Obama’s farcical unemployment rate will be zero, as the desired effect of Obama free America destroying policies with no one interested in looking for work, being perfectly comfortable as serfs on Obama’s all-encompassing, all-controlling government dole.
Such is your sorry life in Obama’s wretched America that has raped your self-respect with 7.5 million Americans working part time, but not by choice, which wasn’t reported by Obama’s water carriers in the mainstream media. What also wasn’t reported was that a record number of Americans are not working with the number of Americans 16 and older who did not participate in the labor force climbing to a record high of 92,120,000 in June, according to data from the Bureau of Labor Statistics.
This means that there were 92,120,000 Americans 16 and older who not only did not have a job, but did not actively seek one in the last four weeks. That’s up 111,000 from the 92,009,000 Americans who were not participating in the labor force in April.
Teen unemployment rose to 21 percent. Nothing like getting the needed despair for finding jobs in the minds of the young early to ensure that Obama’s ever increasing government dole will continue unabated!
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The U6 unemployment rate remains in double digits at 12.1 percent taking into account all those who out of despair have dropped out of Obama’s workforce turned into a work farce and those working as little as an hour a week which Obama counts as employed.
Gary L. Morella