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FIVE YEARS after President Barack Hussein Obama took office BLACK LABOR PARTICIPATION RATE HITS LOWEST LEVEL EVER RECORDED
Remember all those glowing promises made by President Obama when he was campaigning against Hillary Clinton?
Or is this intentional? Remember too President Obama's strong belief that the Supreme Court did not go far enough with their Civil Rights decisions and that they should have included a redistribution of wealth? Is this his way?
Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force
January 10, 2014
By Dean Baker
The December rate of labor force participation for black men is the lowest on record.
The headline unemployment rate fell sharply to 6.7 percent in December. The drop of 0.3 percentage points was almost entirely due to people leaving the labor force as the number of people reported employed in December only rose by 143,000. This was just enough to keep the employment-to-population ratio constant. The establishment survey was also surprisingly weak, showing a gain of just 74,000 jobs. In addition, the length of the average workweek fell by 0.1 hour leading to a decline of 0.3 percent in the index of weekly hours for the month.
http://www.cepr.net/index.php/data-bytes/jobs-bytes/jobs-2014-01
Remember all those glowing promises made by President Obama when he was campaigning against Hillary Clinton?
Or is this intentional? Remember too President Obama's strong belief that the Supreme Court did not go far enough with their Civil Rights decisions and that they should have included a redistribution of wealth? Is this his way?
Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force
January 10, 2014
By Dean Baker
The December rate of labor force participation for black men is the lowest on record.
The headline unemployment rate fell sharply to 6.7 percent in December. The drop of 0.3 percentage points was almost entirely due to people leaving the labor force as the number of people reported employed in December only rose by 143,000. This was just enough to keep the employment-to-population ratio constant. The establishment survey was also surprisingly weak, showing a gain of just 74,000 jobs. In addition, the length of the average workweek fell by 0.1 hour leading to a decline of 0.3 percent in the index of weekly hours for the month.
http://www.cepr.net/index.php/data-bytes/jobs-bytes/jobs-2014-01