Seven million Americans are stuck in part-time jobs.
They are unable to get full-time work and the benefits and stability that come with it. It's a constant struggle for these families and a worrying sign for America'srecovery.
Overall U.S. unemployment has fallen steeply in the past year (from 7.2% in October 2013 to 5.8% in October 2014), but too many people can only find part-time positions.
The number of people working part-time involuntarily is more than 50% higher than when the recession began.
http://money.cnn.com/2014/11/2...t-time-jobs-poverty/
The Obama Administration, the Federal Reserve, and independent economists have to answer the central question about this recovery. Why did the enormous, sustained monetary stimulus have so little effect on real output, employment, and prices?
My answer is in two parts. First, the Federal Reserve’s policy is based on major economic errors. It tried to resolve real economic problems by printing money. They should know that is not possible. Second, the real problems were created by the Obama administration. Its insistence on imposing costly regulations on firms and industries, its support for stronger labor unions, its opposition to tax reduction, and its other policies based on what the Economist magazine called “the Criminalization of American Business” have hampered the economic recovery.
The principal result was slow investment and increased pessimism about the state of the economy. Evidence of the latter are the decisions by many major companies, like Halliburton, Time Warner, Merck, Apple, and Walmart, to repurchase their shares at the very high prevailing stock prices instead of investing in new capital.
Six years into the recovery, median income remains much below the pre-recession peak. The unemployment rate has fallen, but that’s mainly because of decisions by prime age workers to leave the labor force. And much of the increased employment is part-time work. An administration that declares its support for the poor and minorities has done far less to help them than the Reagan administration did over twenty years ago. Shouldn’t the administration wonder why its policies have had such abysmal results?
http://www.hoover.org/research...-strikes-against-fed
What ever recovery we have had is based on the FED and its "free money" policy. To be kind to the FED, it didn't expect Obama to regulate and legislate away its efforts. When Yellen and her gang finally let go of the economy, we will finally see the result of Obamanomics. And it will be the next administration's problem:
President Obama's Legacy: $20 Trillion in Debt for 2016 Victor
http://www.forbes.com/sites/pa...its-for-2016-victor/