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http://research.stlouisfed.org/fredgraph.jpg?hires=1&type=image/jpeg&chart_type=line&recession_bars=on&log_scales=&bgcolor=%23e1e9f0&graph_bgcolor=%23ffffff&fo=verdana&ts=12&tts=12&txtcolor=%23444444&show_legend=yes&show_axis_titles=yes&drp=0&cosd=2001-01-01&coed=2014-04-01&width=670&height=445&stacking=&range=Custom&mode=fred&id=EMRATIO&transformation=lin&nd=&ost=-99999&oet=99999&scale=left&line_color=%234572a7&line_style=solid&lw=2&mark_type=&mw=3&mma=0&fml=a&fgst=lin&fq=Monthly&fam=avg&vintage_date=&revision_date=

Thanks Obama? As to my 401k and retirement annuity, thanks CEOs' who right-sized their operations and invested in technology. Also thanks Ben Bernanke and big banks who pushed almost free money into the stock market. Also note, I rearranged my retirement money in January such that I now have a much more conservative exposure to stocks.

The stock market is a bubble fueled and caused by the Fed. Injecting $85 billion into the markets for months -- now declining cause part of the rise.  Dropping savings account and bank CD rates to near zero caused the rest.  Denied a smaller but constant income from those investments,. people are now in the market.

 

Personally, I used to keep 6 months income in savings and CDs in case of unemployment  Now retired, I still park a couple of months equivalent in a savings account, but put the rest in munies and state bonds.

Originally Posted by seeweed:

That didn't mention growth in private sector jobs. Under Bush -800,000 a month.

Under Obama, +120,000 a month.

My personal stock portfolio under Bush was cut in half, now, under Obama, it is almost 3 times what it was under Bush.
Well done Mr President !

 

Please explain what Bush did to cut your stock portfolio in half and what Barack did to raise it?

 

6.3 million: Net new jobs created since Obama's recovery started in June 2009
13.8 million: New jobs that would have been created had Obama's kept pace with the average of the previous 10 recoveries.

 


3.6%: Growth in private jobs since Obama took office.
43%: Growth in the number of temp jobs.

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91.8 million: Number of people not in the labor force as of December.
525,000: Increase since November.
11.2 million: Increase since Obama took office.

 


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6.7%: Jobless rate 54 months into Obama's recovery.
5.1%: Unemployment rate 54 months into George W. Bush's "jobless" recovery.

 


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13.1%: Jobless rate in Dec. using a broader measure — U6 — which includes people marginally attached to labor force or working part time for economic reasons.
9.2%: Average U6 rate in Bush's eight years in office.

 


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26%: Share of adults who say at least one household member is unemployed, based on IBD/TIPP Poll data.
10%: Share who say a household member had work hours cut because of ObamaCare.

 


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3.9 million: Number of people who've been jobless 27 weeks or more in December.
2.7 million: That number when Obama took office.

 


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37 weeks: Average length of unemployment in Dec.
20 weeks: Average length when Obama took office.

 


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861,000: Number of discouraged workers in Dec.
734,000: Number when Obama took office.

 


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58.6%: Current employment-to-population ratio.
61%: Ratio when Obama took office.
62%: Average employment-to-population ratio in the 30 years before Obama took office.

 


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$1,006: Drop in median household income during the 2007-09 recession.
$2,535: Drop in median income after the recession ended in June 2009, according to Sentier Research.



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Newer numbers:

 

Although the unemployment rate dropped sharply to 6.3% in April down from 6.7% in March, this change was not the result of more people finding work, but rather was driven by the 800,000 people who exited the labor force last month, and the corresponding drop in the number of unemployed people by 733,000.

http://www.marketwatch.com/sto...-in-lurch-2014-05-02

I know its not a problem because the 800,000 will be receiving free money too.

Originally Posted by Stanky:

Newer numbers:

 

Although the unemployment rate dropped sharply to 6.3% in April down from 6.7% in March, this change was not the result of more people finding work, but rather was driven by the 800,000 people who exited the labor force last month, and the corresponding drop in the number of unemployed people by 733,000.

http://www.marketwatch.com/sto...-in-lurch-2014-05-02

I know its not a problem because the 800,000 will be receiving free money too.

==============

Let me try to understandn your distorted outlook;

The Baby Boomers, like myself, who have worked all their lives, saved, invested, and paid into Social Security and Medicare (since 1968) , you are now saying the money they are drawing is "free" money.
Man, you are crazy as hell ! We worked for that money, we invested and saved for that money, and as we as a group start to retire , we are damm sure entitled to reap the rewards of our labor and investments. If you don't like it, screw you !

 

Do deep squats over a fireplug yourself! A lot of those people aren't finding meaningful work and are not retirement age! Even some of the people retiring are retiring without enough savings to support themselves because they are forced to do so. The policies that inhibit full time work such as Obama-don'-care, new and proposed environmental and workforce regulations, and just plain old indecisiveness will force people to use public assistance, family help, and charity to fill in the gap.

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