Obama Unemployment Reality: Number Of Americans Not Working At Record High
The Obama unemployment rate is at 4.7 percent as of the end of December 2016, which is a few points below the rate he started with in 2009 of over seven percent and much lower than the all-time high during his presidency of 10 percent.
The Obama unemployment rate, by most accounts, paints the picture of a president who was successful at improving the job market, but this picture leaves out a few key factors that, if included in the final Obama unemployment calculation, would bump the 4.7 percent way up.
CNS News reports that, despite the current Obama unemployment percentage, in reality it’s much higher because of what is left out of the calculations that yield the final number.
The Obama unemployment rate that has been reported to Americans during the last several years does not factor in the number of people who have left the work force and no longer seeking employment, and that number, according to CNS News, has recently hit a record high.
“Barack Obama’s presidency began with a record number of Americans not in the labor force, and it’s ending the same way.”
More than 14.5 million Americans have stopped working for good since Obama took office, which indicates an unemployment growth of just over 18 percent from then until now.
The Obama unemployment percentage of 4.7 is what you get when leaving out the 95,102,000 unemployed Americans who have given up looking for work. This number was already growing before Obama was elected and he wasn’t able to stop it.
Click here to continue and read more...
Obama Unemployment Reality: Number Of Americans Not Working At Record High is an article from: The Inquisitr News
