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Author Topic: Misery Index: The Obama Depression - "Private sector doing just Fine"  (Read 55398 times)
Soul Crusher
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« Reply #1475 on: May 06, 2014, 01:25:51 PM »

"Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011."
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« Reply #1476 on: May 07, 2014, 06:04:25 AM »

http://abcnews.go.com/Business/aging-baby-boomers-roommates/story?id=23570035#.U2l018SVtNY.twitter


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« Reply #1477 on: May 07, 2014, 08:38:53 AM »

http://cnsnews.com/news/article/ali-meyer/labor-force-participation-rate-25-29-year-olds-hits-record-low


FAILBAMA
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« Reply #1478 on: May 07, 2014, 02:13:49 PM »

http://freebeacon.com/issues/economy-not-keeping-up-with-population-growth


 Angry
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Soul Crusher
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« Reply #1479 on: May 09, 2014, 05:50:13 AM »

http://www.slate.com/blogs/moneybox/2014/05/08/unemployment_and_the_class_of_2014_how_bad_is_the_job_market_for_new_college.html


These morons vote for Ofag in 2012 - f em
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« Reply #1480 on: May 19, 2014, 12:26:01 PM »

http://www.nationalreview.com/article/378087/black-americans-are-worse-under-obama-deroy-murdock


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« Reply #1481 on: May 19, 2014, 07:42:55 PM »

http://www.policymic.com/articles/89551/the-class-of-2014-just-made-history-in-the-worst-imaginable-way


 Angry
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« Reply #1482 on: May 22, 2014, 08:47:36 AM »

http://www.zerohedge.com/news/2014-05-22/existing-home-sales-miss-worst-start-year-2007


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« Reply #1483 on: May 22, 2014, 12:08:47 PM »

http://www.huffingtonpost.com/2014/05/22/sears-quarterly-losses_n_5371593.html


 Huh
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« Reply #1484 on: May 29, 2014, 08:17:44 AM »

http://www.bloomberg.com/news/2014-05-29/u-s-economy-shrank-early-this-year-for-first-time-since-2011.html



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« Reply #1485 on: May 29, 2014, 08:44:10 AM »

http://www.cnbc.com/id/101713801


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« Reply #1486 on: May 29, 2014, 08:48:41 AM »

http://www.huffingtonpost.com/2014/05/29/us-economy-decline-3-years-contracts_n_5410035.html#comments


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« Reply #1487 on: May 30, 2014, 09:08:07 AM »

http://www.weeklystandard.com/blogs/1-8-american-men-between-ages-25-54-are-not-working_793938.html



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« Reply #1488 on: June 04, 2014, 09:23:22 AM »

http://money.cnn.com/2014/06/04/news/economy/american-dream/index.html


 Angry 

Nearly 60% say American dream out of reach. 
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« Reply #1489 on: June 04, 2014, 09:26:49 AM »

Truly you are a sad, sad, little man.
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« Reply #1490 on: June 04, 2014, 09:27:20 AM »

Truly you are a sad, sad, little man.

The Obama economy doing great huh? 
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GigantorX
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« Reply #1491 on: June 05, 2014, 05:28:19 AM »

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.


http://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?_r=0

Oh, yes, there has been a hiring pick up.............at shit jobs that don't pay any money.

Ouch.
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« Reply #1492 on: June 09, 2014, 05:00:11 AM »

http://www.nytimes.com/2014/06/08/opinion/sunday/starting-out-behind.html?ref=todayspaper


Even the NYT concedes what many of us have know for like . . . . forever. 
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« Reply #1493 on: June 09, 2014, 11:17:25 AM »

http://www.nytimes.com/2014/06/08/opinion/sunday/starting-out-behind.html?ref=todayspaper


Even the NYT concedes what many of us have know for like . . . . forever. 

Employment picture is still moribund and dead. If you're happy to serve coffee or flip burgers you're alright, though.

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« Reply #1494 on: June 10, 2014, 04:55:30 AM »


Opinion

Why Young People Can't Find Work

The main culprits are policies that make new jobs more expensive.
 


 

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By Andrew Puzder
 connect

 

Updated June 9, 2014 7:23 p.m. ET


In President Obama's speeches this year, a steady theme has been creating jobs and economic opportunity for Americans. In his State of the Union address in January he said that "what I believe unites the people of this nation . . . is the simple, profound belief in opportunity for all—the notion that if you work hard and take responsibility, you can get ahead." And in his weekly address on Saturday, he repeated his strong appeal to young people: "As long as I hold this office, I'll keep fighting to give more young people the chance to earn their own piece of the American Dream."







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Yet during the more than five years Mr. Obama has been in office, young people have been especially hard-hit by the slow and virtually jobless recovery. Given the destructive effect this has on individual initiative and the prospects of a productive and rewarding working life, the continuing struggle of young Americans to find jobs, start building families and contribute to society is no longer simply a matter of politics or policy. On a deeply human level, it's profoundly sad.

Consider these grim employment numbers:

• In February the Bureau of Labor Statistics (BLS) recorded the lowest percentage of 16- to 19-year-olds working or actively looking for work (32.9%) since the bureau started tracking the data in 1948. The BLS recorded the second-lowest labor-participation rate for this group in April (33.2%) and the third-lowest in January (33.3%). May's rate was the sixth lowest (33.8%).

• Over the past two years, the BLS has recorded some of the worst labor participation rates for 20- to 24-year-olds since 1973, when the Vietnam War was beginning to wind down. In August 2012, the 69.7% rate was the lowest since '73. The second-lowest (70%) came in March last year. This year, the third-lowest rate came in April (70.2%). May's rate was a still-miserable 71%.

• Looking at the seasonally unadjusted data—which is what the BLS makes publicly available—for 25- to 29-year-olds, the April 2014 labor-participation rate was the lowest the BLS has recorded since it started tracking the data in 1982 (79.8%). May's rate was the second-lowest (79.9%). January, February and March tied with the fourth-lowest (80.3%).

These disturbing numbers raise a simple question: Where are the entry-level jobs?

Five years of 2% average yearly GDP growth simply doesn't produce enough jobs to absorb the natural increase in the labor force, and over the past eight quarters GDP growth has averaged only 1.7%. Between May 2008 and May 2014, BLS data show that the employable population increased by 14,217,000 while the number of people employed actually decreased by 94,000 and the number of people unemployed increased by 1,404,000. It remains a bad time for young people to be looking for jobs.

Nonetheless, various states and municipalities have increased their minimum wage, thereby increasing the cost of employing inexperienced workers. Minimum-wage jobs have always been a gateway to better opportunities. In making hiring decisions, businesses must weigh the quality and value of work that entry-level employees produce against the cost of employing them. For many businesses in high-minimum-wage states or municipalities—Seattle leads the list, having approved a move to a $15 minimum wage—that trade-off is no longer working.

The bottom line on labor: Make something less expensive and businesses will use more of it. Make something more expensive and businesses will use less of it. The Congressional Budget Office has forecast a loss of 500,000 jobs should the president's proposal to increase the federal minimum wage to $10.10 an hour become law.

The CBO also forecast that this increase would lift a number of people who already have jobs above the poverty threshold. For 500,000 unemployed people, however, that's 500,000 opportunities American businesses will never create.

ObamaCare is also increasing the cost of hiring inexperienced workers. The health-care law requires that businesses with more than 50 full-time employees offer medical insurance to employees working 30 or more hours a week. The administration knows that the employer mandate will kill jobs and has twice delayed implementing it. With an election on the horizon, American businesses know that these delays were political and that the mandate's economically damaging impact is in the pipeline, coming their way.

ObamaCare gives businesses an incentive to either eliminate entry-level jobs or keep the workers' hours to under 30 a week. It also gives businesses a reason to reduce the hours of experienced employees to under 30 a week. These experienced employees are now working second jobs to compensate for their lost hours—resulting in fewer positions for less-experienced workers.

To get on the ladder of opportunity, America's young people need jobs. Creating disincentives to hire them diminishes the notion that "if you work hard and take responsibility, you can get ahead." The reality is that you can't get ahead if you can't find a job.

I'm not speaking primarily as a business CEO. My company will adjust to new laws. I'm speaking as someone from a working-class family. I started work scooping ice cream for the minimum wage at Baskin-Robbins. To put myself through college and law school while supporting my family, I cut lawns, painted houses and busted concrete with a jackhammer. I know how important these jobs are. For one thing, they taught me—as no lectures from my parents ever could—that I needed a good education so I wouldn't have to settle for low-paying work the rest of my life. Too many young people today are being deprived of even that basic lesson.

 Mr. Puzder is the chief executive officer of CKE Restaurants.
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« Reply #1495 on: June 17, 2014, 01:45:34 PM »

http://www.cnsnews.com/news/article/ali-meyer/price-index-meats-poultry-fish-eggs-rockets-all-time-high
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« Reply #1496 on: June 18, 2014, 05:24:13 AM »

Obama's Economy: Where Did All The Young Workers Go?
IBD ^  | 06/18/2014 | Stephen Moore

Posted on ‎6‎/‎18‎/‎2014‎ ‎8‎:‎18‎:‎01‎ ‎AM by SeekAndFind

Economists are scratching their heads trying to figure out a puzzle in this recovery: Why are young people not working? People retiring at age 60 or even 55 in a weak economy is easy to understand. But at 25?

The percentage of adult Americans who are working or looking for work now stands at 62.8%, a 36-year low and down more than 3 percentage points since late 2007, according to the Labor Department's May employment report.

This is fairly well-known. What isn't so well-known is that a major reason for the decline is that fewer and fewer young people are holding jobs. This exit from the workforce by the young is counter to the conventional wisdom or the Obama administration's official line.

The White House claims the workforce is contracting because more baby boomers are retiring. There's some truth to that. About 10,000 boomers retire every day of the workweek, so that's clearly depressing the labor market. Since 2009, 7 million Americans have reached official retirement age. The problem will get worse in the years to come as nearly 80 million boomers hit age 65.

But that trend tells only part of the story.


(Excerpt) Read more at news.investors.com ...
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« Reply #1497 on: June 19, 2014, 02:19:53 PM »

Sticker Shock: Food, Gas Prices Set to Go Higher
CBN ^  | June 19, 2014 | Caitlin Burke

Posted on ‎6‎/‎19‎/‎2014‎ ‎12‎:‎00‎:‎52‎ ‎PM by xzins

You don't have to be an expert to notice that costs for many essentials are at all-time high. From gas to food, Americans can expect to pay even more in coming months.

The current national average for a gallon of gasoline is $3.67 -- that's higher than it's been since 2008.

The higher prices are being blamed, in part, on the instability in Iraq.

According to AAA, both gas prices and global oil prices have steadily risen since ISIS (Islamic State of Iraq and Syria) took control of Mosul last week. The brutal jihadist army is actually flying its flag over Iraq's largest oil refinery.

High demand and the cost of drilling also play a role in the high price consumers are seeing at the pump.

"It's a lot more expensive to drill for oil today so we need higher prices," oil and gas broker Tom McCarty said.

"Again, if you look at the history going back for the last four years anyway, you know oil prices have been pretty stable," he noted. "Now they tend to swing to the 105 range back down to the 93 range."

"And one of these days it's going to break out above that and I'm afraid we may be close to that happening just simply because of more demand," he warned.

The cost of food is also sky-rocketing.

The price index for meats, poultry, fish and eggs hit an all-time high in May, according to the Bureau of Labor Statistics.

Meat costs are rising the fastest. A seven-year decline in herds has left the fewest cattle in at least six decades.

Analysts warn the high prices for both food and gas are here to stay for a while.

To make matters worse, Senate lawmakers actually proposed legislation this week to raise the federal gas and diesel taxes by 12 cents per-gallon over the next two years.

The proposal was pitched as a way to pay for highway and transit programs.
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« Reply #1498 on: June 20, 2014, 07:24:03 AM »

http://money.cnn.com/2014/06/19/investing/coach-outlook/index.html


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« Reply #1499 on: June 23, 2014, 08:59:17 AM »

http://www.cnsnews.com/news/article/penny-starr/bauer-obama-s-record-more-babies-aborted-jobs-created


 Angry
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