{"id":1716,"date":"2012-09-07T14:57:11","date_gmt":"2012-09-07T18:57:11","guid":{"rendered":"http:\/\/live-immigrationreform.pantheonsite.io\/?p=1716"},"modified":"2016-02-23T13:48:36","modified_gmt":"2016-02-23T18:48:36","slug":"we-can%e2%80%99t-take-much-more-of-this-recovery","status":"publish","type":"post","link":"https:\/\/www.immigrationreform.com\/2012\/09\/07\/we-can%e2%80%99t-take-much-more-of-this-recovery\/","title":{"rendered":"We Can\u2019t Take Much More of this Recovery"},"content":{"rendered":"<p>Putting a damper on the Obama Administration\u2019s claim that we have \u201c<a href=\"http:\/\/www.latimes.com\/news\/politics\/la-pn-biden-dnc-speech-20120906,0,3108939.story\" target=\"_blank\">turned the corner<\/a>\u201d and are well along on our <a href=\"http:\/\/www.washingtonpost.com\/politics\/barack-obama-plans-to-offer-a-better-path-forward-in-democratic-convention-speech\/2012\/09\/06\/d285761a-f854-11e1-8b93-c4f4ab1c8d13_story.html\" target=\"_blank\">path to recovery<\/a> are the <a href=\"http:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\">job numbers<\/a> for August.\u00a0 Last month, 96,000 jobs were created.\u00a0 The problem is that 368,000 people gave up hope of finding a job and stopped looking for one.\u00a0 For governmental statistical purposes, these 368,000 ceased to exist, which is why with four people dropping out of the labor market for every one that entered, unemployment went <em>down <\/em>to 8.1%.\u00a0 Is this anyone\u2019s idea of an economic recovery?<\/p>\n<p>Here\u2019s what else we learned from the data:<\/p>\n<ul>\n<li>The sector with the largest increase in jobs (30%) was the service industry, specifically \u201cfood services and drinking places.\u201d<\/li>\n<li>Estimates of jobs created in June and July were revised downward by 41,000.<\/li>\n<li>The working-age population increased by 212,000, 116,000 more than jobs created.<\/li>\n<li>The labor participation rate is the <a href=\"http:\/\/www.economicpolicyjournal.com\/2012\/09\/labor-force-participation-rate-falls-to.html\" target=\"_blank\">lowest since 1981<\/a> and the labor participation rate for men is the <a href=\"http:\/\/live.wsj.com\/video\/employment-data-show-low-labor-force-rate-for-men\/B47D73B9-EEA5-4217-B0BF-738A2414FFA6.html?link=SM_tax_es_video#!B47D73B9-EEA5-4217-B0BF-738A2414FFA6\" target=\"_blank\">lowest on record<\/a>.<\/li>\n<\/ul>\n<p>Has President Obama ever proposed reducing immigration as a way to put more Americans back to work?\u00a0 Has Governor Romney?\u00a0 Will someone in the media ever ask them this question?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Putting a damper on the Obama Administration\u2019s claim that we have \u201cturned the corner\u201d and are well along on our path to recovery are the job numbers for August.\u00a0 Last month, 96,000 jobs were created.\u00a0 The problem is that 368,000 people gave up hope of finding a job and stopped looking for one.\u00a0 For governmental<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.immigrationreform.com\/2012\/09\/07\/we-can%e2%80%99t-take-much-more-of-this-recovery\/\" title=\"Read More\">Read More<\/a><\/div>\n","protected":false},"author":26,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1513,11,4,10,7],"tags":[753,1074],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/1716"}],"collection":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/comments?post=1716"}],"version-history":[{"count":2,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/1716\/revisions"}],"predecessor-version":[{"id":1718,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/posts\/1716\/revisions\/1718"}],"wp:attachment":[{"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/media?parent=1716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/categories?post=1716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/tags?post=1716"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.immigrationreform.com\/wp-json\/wp\/v2\/yst_prominent_words?post=1716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}