Friday, June 3, 2016

May Job Report failures




The job report for May just came out, and contrary to what Hillary and Obama claim, the job market sucks.  The employment job number dropped from 4.9 to 4.7 because 450,000 people dropped out of the market.  That is, they dropped out of receiving unemployment benefits.  This is what Obama and Hillary will point to as a successful job market.  In addition the labor participation rate when down again to 62.6%.  But, even though the labor participation rate is down and has been down for the Obama administration, it is never discussed.  So, when Obama claims great job creation of 14 million jobs since he took office, he neglects to mention the labor participation rate dropped.  The lowest in nearly 40 years.  Government over regulation and Obamacare are the main cause of this latest job report.  Also, approximately 468,000 jobs were moved to part time.  But, Hillary and Obama believe we need more government regulation to put the government in more control of the economy.  Now, how well does government control of the economy work.  Just look at
Venezuela, Cuba, and North Korea as prime examples in addition to European socialism.  Welcome to Obama’s failures that he will blame, the republicans, Bush or anyone else but his administration and Hillary wants to continue these failures.  Wake up America. 

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