I gotta say, I’m hearing about people getting hired now. And I’m seeing a lot more job openings, so something’s happening:
The unemployment rate dropped a notch to 8.1 percent in April, the Labor Department reported on Friday, but the pace of job growth has fallen off, amid other signs that the economic recovery is losing momentum.
The economy added 115,000 payroll jobs in April, a meager showing compared with earlier this year when the jobs tally was rising at twice that rate.
The number of unemployed people in the United States declined to 12.5 million in April from 12.7 million the month before.
But at least part of the reason behind that decline in the number of unemployed is that many people decided to stop looking for for job: The labor force, defined as the number of people working or seeking work, declined by 342,000, Labor Department said.
The number of long-term unemployed, those who’ve been out of work for 27 weeks or more, was little changed at 5.1 million in April. That group makes up more than 40 percent of the jobless rolls.
Of course, there’s still this.
All those Republicans owning and running companies still aren’t hiring. No help for Obama from them. The number of people over 65 is accelerating. Rather than looking for work they’ve decided to “drop out” of the “labor force” and collect Social Security. “Full employment” in the U.S. is considered to be 4.5% and lower. Obama will get there in his second term. The last 21 months of the Obama administration has seen employmnet grow each month on average. The 5 million people who lost their jobs because of Bush are now back to work. Which means that Obama has a net gain of 5 million jobs in his 40 months in office, while Bush gained zero (0) new jobs in his 96 months in office. Now if Obama could get income and wealth equalized.