10 Devastating Facts About Today's Unemployment Numbers (That Will Be Curiously Ignored by the Media)

While America's Pravda media and Wall Street heralded today's 7.6 official unemployment number, the real situation on Main Street is ugly -- and getting uglier.

10. True unemployment -- which includes part-timers seeking full-time work (also known as "U-6") -- jumped to 14.3 percent, a six-month high.

9. While the economy supposedly created an anemic 195,000 jobs this month, thequality of those jobs is decidedly poor:

In June, the household survey reported that part-time jobs soared by 360,000 to 28,059,000 – an all time record high. Full time jobs? Down 240,000.

8. The Labor Force Participation Rate -- the percentage of eligible workers who actually have a job -- has stubbornly remained under 64 percent since 2011.7. Theunemployment rate for African-Americans is a devastating 23.7 percent.

6. The unemployment rate for Hispanics is 13.2 percent.

5. The unemployment rate for women is an unbelievable 11.6 percent.

4. The unemployment rate for youth is 16.1 percent.

3. The Labor Force Participation Rate has never been lower since the seventies, when the rise of the two-income household began. This, truly, represents a War on Women.

2. For the entire first half of 2013, only 130,000 full-time jobs have been created.

1. On January 10, 2009, Christina Romer, Obama's top economic adviser, and Jared Bernstein, Joe Biden's top economic adviser, predicted that if Obama's stimulus plan passed the unemployment rate would not top 8 percent.

In fact, we are in the midst of a 54-month stretch of 7.5%+ unemployment, the longest such run ever. Prior to Obama's presidency, the longest stretch of national unemployment at 7.5 percent or higher was a measly 32 months.

The Democrats' miserable predictions have helped run up trillions of dollars in debt while helping to destroy employment opportunities for every race, gender, creed, color, religion and age group.

The Obama White House is an Equal Opportunity Job Destroyer.

Hat tip: BadBlue News.

10 Devastating Facts About Today's Unemployment Numbers (That Will Be Curiously Ignored by the Media)
http://directorblue.blogspot.com/2013/07/10-devastating-facts-about-todays.html

John Hames