Worst. President. Ever… Percent of Americans Working Lowest Since Reagan
Worst. President. Ever.
Barack Obama is the worst jobs president since the Great Depression.
And, the jobs situation is even worse than we thought.
USA Today reported:
The share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.
The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nation’s social programs…
Another change: the bulk of those not working has shifted from children to adults.
In 2000, the nation had roughly the same number of children and non-working adults. Since then, the population of non-working adults has grown 27 million while the nation added just 3 million children under 18.
More bad news… The Labor Department showed initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000 this week, well above economists’ expectations for a fall to 380,000.