June Jobs Report Just Another Disappointment
Every media source in the country is writing about the pathetic June jobs report. You know what policies are to blame for the lack of job creation. You know what needs to be done. So here are just the straight facts about the jobs report:
- Non-farm payrolls added just 80,000 jobs in June (77,000 were added in May);
- The unemployment rate remains at 8.2%;
- 12.7 million Americans remain unemployed;
- 5.4 million Americans have been unemployed for 27 weeks or longer (long-term unemployed);
- The real unemployment rate rose to 14.9% (includes part-time workers who wish to find full-time employment);
- The unemployment rate for teenagers is 23.7%, and;
- 821,000 Americans have given up looking for work
The unemployment rate in January 2009, when President Obama was inaugurated, was 7.8%. It reached a high of 10% during his Presidency, and now stands at 8.2% just 123 days before the election. The private sector needs to create about 150,000 jobs a month just to keep pace with the expanding workforce.
In short: this country needs a serious change in direction. Congress should return next week and once and for all seriously focus on jobs and the economy. We can’t afford any more gimmicks or distractions.