In Obama for America’s new television ad – “Main Street” – Americans from across the country discuss how President Obama’s policies are helping move our economy forward. When the President took office, we were losing 800,000 jobs a month. But the President’s policies brought us back from the brink and we’re now moving forward again – businesses have added 5.2 million private sector jobs over the past two and a half years, the unemployment rate is at its lowest level since January 2009, and consumer confidence is at a five-year high. The President understands there’s more work to do to get Americans back to work and restore economic security for the middle-class, but as the hard-working Americans in OFA’s new ad highlight, the President’s plans are building an economy meant to last – from the middle out, not the top down.
“Main Street” will air in Colorado, Iowa, Nevada, and Virginia.
“Lowest Unemployment since January 2009” ???
“The true unemployment picture is hidden by essentially splitting jobless Americans up and putting them inside one of three different “boxes”: the official unemployment box, (U-3) the full unemployment box, (U-6), and the most obscure box, the workforce participation rate box.”
“Graph A adds the 9 million unemployed that the Obama Administration removed from the labor force simply by the government defining them as not being in the labor force.” Graph A shows 645,000 missing unemployed in 2001, >> 2,572,000 in 2008, >> 4,009,000 in 2009, >> 8,964,000 in 2012 (based on Jan. 2012 as an yearly average).
Graph B: for 2011:
8.9% Headline U-3 unemployment rate 2011:
15.9% Full U-6 unemployment rate:
18.9% Constant Workforce Participation Rate Unemployment:
Graph B for 2009:
9.3
16.2
17.9
http://danielamerman.com/articles/2012/WorkC.html
Unemployment in increasing, we are moving backwards.
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