Saturday, July 7, 2012

Out of College, Out of Work: 406,000 in June and Obama Calls That Moving Forward | CNSNews.com



Like many of you I search for the truth from many sources.  At times you can take a few, and using common sense, you can get through the fog and see a clear picture.  I did this with these two and it is clear to see that the people suffering under the Obama failed economic agenda are vast. 

Those who are young adults are in the most danger of long term harm from Obama’s failures as a leader.  But it also that same group, drawn like a moth to a flame, that will be Obama’s most intent supporters.

84,000 jobs created in June according to the Labor Department AND a net decline of 406,000 in the number of Americans age 25 or older with a bachelor’s degree or higher who were working in the United States in June. “A net of 309,000 in this demographic simply dropped out of the labor force, which means they neither had a job in June nor actively tried to find one.”

That’s 309,000 college educated young Americans now unemployed with no hope of getting a job and Obama has the uncaring gall to proclaim we are moving forward under his policies.

How many more young adults will be tossed under Obama’s buss if he is given four more years to practice his failed economic polices?

From The Dailycaller:  By Alex Pappas
It has happened 30 different times over the Obama presidency in response to the monthly jobs report.

An Obama administration official, responding to the monthly jobs report numbers, has written a blog post on the White House website arguing that it is “important not to read too much into any one monthly report.”

“As the Administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision,” Alan Krueger, the chairman of the White House Council of Economic Advisers, wrote Friday in response to the news that the unemployment rate is still at a disappointing 8.2 percent.

“Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available,” Krueger said.

Only 84,000 jobs were added the economy in June, the Labor Department announced Friday.

Read more: http://dailycaller.com/2012/07/06/obama-administration-has-said-not-to-read-too-much-into-jobs-reports-for-30-months/#ixzz1zwdURJF9

Out of College, Out of Work: Number of College Grads With Jobs Dropped 406,000 in June | CNSNews.com: "(CNSNews.com) - There was a net decline of 406,000 in the number of Americans age 25 or older with a bachelor’s degree or higher who were working in the United States in June, according to the Bureau of Labor Statistics.

A net of 309,000 in this demographic simply dropped out of the labor force, which means they neither had a job in June nor actively tried to find one, according to BLS.

The number of Americans age 25 or older with a bachelor’s degree or higher who were “unemployed”—meaning they did not have a job but did actively try to find one—increased by 96,000 in June."



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1 comment:

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