{"id":27302,"date":"2012-04-09T05:00:15","date_gmt":"2012-04-09T10:00:15","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=27302"},"modified":"2012-04-07T08:46:21","modified_gmt":"2012-04-07T13:46:21","slug":"this-is-your-obama-recovery-april-edition","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=27302","title":{"rendered":"This Is Your “Obama Recovery”: April Edition"},"content":{"rendered":"

Last week’s BLS numbers were worse, naturally, than the media let on.<\/p>\n

Unemployment was “down” to 8.2% – after moving at 8.3 for a few months. \u00a0But remember, that percentage is against the “Labor Force Participation Rate”.<\/p>\n

And that rate stands at 63.8<\/a>%.<\/p>\n

So you lop 8.2% off of that figure, and you get a grand dotal of 58.57% <\/strong>of the workforce actually working.<\/p>\n

By way of comparison – in October of 2009, when the official unemployment rate was 10%, the participation rate was an even 65%, and 58.5% of the workforce was working. \u00a0The actual employment rate bottomed out at 58.2%, back in December of 2009. \u00a0That means that in terms of Americans working, we’re about a third of a percent better than the lowest point in the recession<\/em>.<\/p>\n

When Barack Obama was inaugurated, 60.58% of the workforce was working. That is over two points higher than it was last month.<\/p>\n

The administration and media will try to spin these numbers as “recovery, with work to do”.<\/p>\n

The truth is, in terms of Americans working, there is no recovery at all.<\/p>\n

For nostalgia buffs? \u00a0The low point in the Bush Administration was 61% – half a point higher than the best Obama rate. \u00a0The high point was 63.5.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week’s BLS numbers were worse, naturally, than the media let on. Unemployment was “down” to 8.2% – after moving at 8.3 for a few months. \u00a0But remember, that percentage is against the “Labor Force Participation Rate”. And that rate stands at 63.8%. So you lop 8.2% off of that figure, and you get a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,64],"tags":[],"class_list":["post-27302","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-president-obama"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/27302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27302"}],"version-history":[{"count":2,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/27302\/revisions"}],"predecessor-version":[{"id":27304,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/27302\/revisions\/27304"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27302"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}