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I think the true unemployment is closer the 18% mark than the 7.5% mark.
That is across the whole U.S.A..
I think what people are missing in this article is the Underemployment rate (U-6, currently 12.6%), which is a truer measure of the unemployment picture then the U-3 often quoted by the media and the Administration. All administrations quote the U-3 number because it shows the economy in better shape then it actually is. Currently 45% of the adult working population have full-time employment, spin that anyway you want - there are more Americans dependent on government handouts then any point in the country's history. In the U.S. 49.7 Million now live in poverty with nearly 80% of the Total Population in Near Poverty, the share of black Americans living in poverty expanded under Obama from 25.8 to 27.2 percent
BTW, a little-known section of ObamaCare defines “full-time” work as averaging only 30 hours per week, rather than 40 hours - however the Fair Labor Standards Act dictates that employers must pay non-exempt employees time and one half for any hours worked above 40 per week not the 'full-time' hours defined under Obamacare.
Ummm every state thanks to Obama and friends. (Ried, Pelosi, etc.)
Approximately 15 Million more people on foodstamps and welfare since 2009. Where is the recovery Bozo?
Well, we actually have lost a lot of full time jobs since Obama took office. He has created a lot of part time minimum wage jobs. These account for over 72% of all jobs that have been created since he took office. A dismal record to be sure.
But, at least they are some jobs. Much of the reason can be laid at Obamacare's doorstep. When you tax something heavily and load on 650,000 new regulations, you will have less of it, and that includes economic activity and hiring.
I'd say if you factor in those that have dropped out of the work force real unemployment stands at about 10.6%. This is just using the same number of people seeking work as in 2006. I am sure it is significantly higher.
Obama will hear from 'We the people...' in about 76 days. FIRE every democrat on the ballot, and maybe the message will get through.
You cannot Spend and Borrow your way out of debt, nor can you Print and Tax your way to prosperity, no matter what the Lazy, LYING, Arrogant, CORRUPT Imbecile '57 states' Obama says.
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