Obama’s Employment Numbers Now Worse than Carter’s


Obama has finally managed to bottom out Carter in both economics and foreign policy. That’s quite an achievement.

The Bureau of Labor Statistics’ Friday job numbers show the nation’s “labor force participation rate” — i.e., the percentage of Americans over 16 who have jobs, or are looking for one — dipped to 63.2 percent.

That beats the sad record of 63.4 percent set in 1978, a harbinger of the Carter-era stagflation and malaise to come.

Yes, the unemployment rate last month ticked down a tenth of a point, to 7.3 percent. But that’s only slightly better than the 7.8 percent rate that prevailed when Obama first took office in 2009. And much of that gain is the result of workers simply giving up altogether on finding jobs: The BLS reports that a record 90 million Americans eligible for work are sitting on the sidelines. These workers don’t count as “unemployed,” hence the lower unemployment rate.

Maybe it’s time for Obama to step down and hand the job back to Carter. At least we know that he probably can’t do any worse.

  • antioli

    He did not seem interested in restoring jobs to the American people.
    All he cared about was health care.

    He did have plans for the future but they were long range plans and not really very do able in the long range. Remember “Win the Future” ?

    But in the end we are all dead.

    • Gee

      Now new motto is “Survive until 2016″

      • kimberly537

        My Uncle Hayden just got an awesome cream Audi allroad Wagon only from working off a pc at home. learn this here now w­w­w.J­A­M­20.c­o­m

      • defcon 4

        Shrillery Clinton will be the viable alternative to the zero? That is, if we have an election at all.

    • http://www.facebook.com/people/Bryan-Schmick/100000836170959 Bryan Schmick

      Sorry to quibble but I’d like to comment on your first paragraph. Pres Obama did not care about health care, he cared about health insurance. (specifically government ran health insurance which is already failing). PPACA is driving health providers out of practice. Health insurance is useless if no one is willing to provide health care.

      • MarilynA

        What you are talking about is a pool of money forcibly extracted from people that can be looted. Like all those stimulus programs.

  • Juaniita

    OMG why is this FAKE American still in office???!!! what has he done to make America Better??!! All him and his family does is use our tax dollars to party!!

  • UCSPanther

    I can’t wait until these 1960s radicals become history. They have done severe damage and it will be a long time before it can be undone…

    • MarilynA

      These 1960s radicals have had control of our education system for two generations and all our children have been brainwashed to believe like them. What makes you think getting rid of the present crew of scumbags will eliminate the problem. Our kids don’t know anything else.

  • defcon 4

    But the lies coming out of the current presidential regime are of a much higher quality than Carter’s — as is his collaboration w/Sunni islam0fascists.