Did you know that there are more than 102 million working
age Americans that do not have a job? Yes, I know that number
sounds absolutely crazy, but it is true. Right now, there are more than 11 million Americans that are
considered to be "officially unemployed", and there are more than 91 million Americans that are
not employed and that are considered to be "not in the labor
force". When you add those two numbers together, the total is more
than 102 million. Overall, the number of working age Americans that do
not have a job has increased by about27 million since the year
2000.
But aren't things getting better? After all, the
mainstream media is full of headlines about how "good" the jobs
numbers for October were. Sadly, the truth is that the
mainstream media is not being straight with the American people. As you
will see below, we are in the midst of a long-term unemployment crisis in America , and
things got even worse last month.
In this day and age, it is absolutely imperative that people
start thinking for themselves. Just because the media tells you that
something is true does not mean that it actually is. If unemployment was
actually going down, the percentage of the working age population
that has a job should actually be going up. As you are about
to see, that is simply not the case. The following are 10 facts about the
growing unemployment crisis in America
that will blow your mind...
#1 The percentage of working age Americans with
a job fell to 58.3 percent in October. The lowest that number has been at
any point since the year 2000 is 58.2 percent. In other words, there has
been absolutely no "jobs recovery". During the last recession,
the civilian employment-population ratio dropped from about 63 percent to below
59 percent and it has stayed therefor 50 months in a row. Will the
percentage of working age Americans with a job soon drop below the 58 percent
mark?...
#2 The U.S. economy lost 623,000 full-time jobs last
month. But we are being told to believe that the economy is actually
getting "better".
#3 The number of American women with a job fell
by 357,000 during the month of October.
#4 The average duration of unemployment in
October 2013 was nearly three times as long as it
was in October 2000.
#5 The number of Americans "not in the
labor force" increased by an astounding 932,000 during October. In other
words, the Obama administration would have us believe that nearly a million
people "disappeared" from the U.S. labor force in a single month.
#6 The number of Americans "not in the
labor force" has grown by more than 11 million since
Barack Obama first entered the White House.
#7 In October, the U.S. labor force participation rate
fell from 63.2 percent to 62.8 percent. It is now the lowest that it has
been since 1978. Below is a chart which
shows how the labor force participation rate has been steadily declining since
the year 2000. How can the economy be "healthy" if the
percentage of Americans that are participating in the labor force is
continually declining?...
#8 If the labor force participation rate was
still at the same level it was at when Barack Obama was elected in 2008, the
official unemployment rate would be about 11 percent right now.
#9 Even if you are working, that does not mean
that you are able to take care of yourself and your family without any
help. In fact, approximately one out of every four part-time
workers in America
is living below the poverty line.
#10 In January 2000, there were 75 million
working age Americans that did not have a job. Today, there are 102 million working age Americans that do not have
a job.
So what are our politicians doing to fix this?
Shouldn't they be working night and day to solve this
crisis?
After all, Barack Obama once made the following
promise to the American people...
"But I want you all to know, I will not rest until
anybody who's looking for a job can find one -- and I'm not talking about just
any job, but good jobs that give every American decent wages and decent
benefits and a fair shot at the American Dream."
Unfortunately, things have not improved since Obama made
that promise, but he has found the time to play 150 rounds of golf since he
has been president.
Meanwhile, because there aren't enough jobs, the number of
Americans living in poverty continues to grow.
As I wrote about the other day, according to new numbers that were
just released an all-time high 49.7 million Americans are
living in poverty.
And right now 1.2 million public school students in
the United States
are homeless. For many more statistics like this, please see my previous
article entitled "29
Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding".
The only thing that most Americans have to offer in the
marketplace is their labor. If they can't find a job, they don't have any
other way to take care of themselves and their families.
The future of the middle class in America depends upon the creation
of good jobs. It really doesn't matter how far the quantitative easing
that the Federal Reserve has been doing pumps up the current stock market
bubble. The American people were told that "economic stimulus"
was the reason for doing all of this reckless money printing, but the
percentage of working age Americans with a job is now actually lower than it
was four years ago. Quantitative
easing has been a complete and total failure in the job creation department,
and it is doing a tremendous amount of
long-term damage to our financial system.
The really frightening thing is that the Federal Reserve and
the federal government have supposedly been doing all they can to try to
"create jobs" and they have utterly failed. In fact, this is
the first time in the post-World War II era that we have not seen an employment
recovery following a recession.
And now the next wave of the economic collapse is rapidly
approaching. What that hits us, millions more Americans will lose their
jobs.
So the truth is that this is just the beginning of the
unemployment crisis in America .
Yes, things are bad now, but soon they will get much worse.
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