U.S. Government Failure – Jobs
July 6, 2012 6 Comments
Here we are, another month, another Jobs Report. 80,000 jobs were created, unemployment rate remained at 8.2%. There was no change in the number of unemployed people, no change in the number of unemployed people. The numbers of unemployed are staggering and there has not been a drop in these numbers in over 6 months. These are staggering statistics, not seen since the Great Depression. In the first quarter of this year the average number of jobs created was 226,000; the second quarter which just ended saw an average of 75,000. This is an unacceptable. According to WSJ the ‘participation rate – the share of the working-age population either working or looking for work – has fallen by 2.3% over the last 4 years to 63.8%, a 3 decade low. Nearly 88 million people – about seven times the ranks of the officially unemployed — aren’t part of the headline rate’s calculation.
Again, these stats are staggeringly bad. The fact that our Congress has done nothing but posturing instead of finding a solution is also unacceptable. The House is off on some tangent with Eric Holder and next they want to vote down the ACA. Where are their priorities? The American people are suffering and all we see from our leaders is high school like bickering. I have been saying on this blog for months now that Obama should call emergency meetings with Congress to figure something out, bring in business leaders, but no, he is in campaign mode. So, just like with the GOP Obama is not being of any help. As someone who has been looking for a job on and off for over a year this news couldn’t be more discouraging. I can see why 1m people per month drop out of the market; that is the reason the unemployment rate is staying at 8.2% and not higher. Also according to WSJ the real unemployment rate is over 15%. The number of unemployed and underemployed is still at 25 million people.
I have mentioned this before but over the weekend I will look more closely into how to do this. I would like to create an online petition that has 2 parts. Part 1: Deny all 3 branches of Government healthcare until they come up with a solution that would work best; and 2 suspend the Executive and Congressional Branches of Government their salaries until they stop acting like babies and start creating solutions. Once I find out how to do this I will be sending tweets and blogging and asking everyone to sign the petition. We do need to take our Country back to creating solutions.