How's Obama doing with unemployment?

Turtleneck wrote:

The median wealth for whites in the US is nearly $142,000

Rocinante wrote:

Well shit. that's depressing.

xsanguine wrote:

Yup... you thinking what I'm thinking?

Rocinante wrote:

I'm thinking I must not be white.

Cym Jim wrote:5.6%

That seems awfully low?

It's really quite amazing what a recovery we're having from the awful worldwide recession and the failed Bush economy.

Cym Jim wrote:Wow, that all sounds really bad. I guess it's really fortunate that everyone I know is doing great. You doing OK Dude?

This was perhaps the key line of the speech, with Obama declaring the effects of the financial crisis and Great Recession over and the economy moving into a period of renewed strength.
But it still might take a little while longer.
Median family income dropped nearly 4 percent, to $51,939, in 2013, from when Obama took office in 2009, according to Census data. And while the jobless rate is in fact nearly half the 10 percent peak of October 2009, the size of the labor force has also continued to shrink through the Obama presidency. That reflects some baby boomer retirements but also the frustration of workers giving up on ever finding a decent-paying job. The labor force participation rate is now 62.7 percent, the lowest level since 1978. Wages are not really growing much either. Over the last year, average hourly wages rose just 40 cents, or 1.65 percent, to $24.57 an hour.
The economy is certainly better, but the shadow of the crisis is likely to be with the U.S. for at least a couple more years.


Read more: http://www.politico.com/story/2015/01/2015-state-of-the-union-fact-check-114422.html#ixzz3PfxWyAmG

As we've learned since the most recent economic crisis, the inability of Americans to pick up and move for new jobs or new housing often comes hand in hand with an inability to climb up the socio-economic ladder. Now new research finds that even before the recession, black households in the U.S. experienced a stark slowdown in their mobility.

The_Dude wrote:The cooked unemployment rate actually went up in January.

Real unemployment rate is 11.3%.  

Obama'as economy everyone...middle classes incomes down,taxes up, and millions upon millions out of work.  

WASHINGTON (AP) -- U.S. employers hired at a stellar pace last month, wages rose by the most in six years, and Americans responded by streaming into the job market to find work.
The Labor Department said Friday that the economy gained a seasonally adjusted 257,000 jobs in January, and added far more in previous months than originally estimated. Businesses added 414,000 jobs in November, the government now says, the most in 17 years. Total job gains in December were also revised higher, to 329,000, up from 252,000.
Average hourly wages, meanwhile, jumped 12 cents to $24.75, the biggest gain since September 2008. In the past year, hourly pay has increased 2.2 percent.
The unemployment rate rose to 5.7 percent from 5.6 percent. But that's not necessarily a bad thing. More Americans began looking for jobs, though not all found work. Their job hunting suggests they are more confident about their prospects

Robert J Sakimano wrote:President Obama is a great American.. and it's pathetic, yet predictable, that republicans allow their blind hatred of a black man keep them from celebrating positive news for America..

Turtleneck wrote:

...and yet the wealth gap between white and black continues to dangerously widen and no Democrat gives a shit.

Robert J Sakimano wrote:
yes - and that is disturbing.

However, I have heard some republicans start talking about the income gap. So at least the economy is improving to the point that they've given up trying to inflate the unemployment rate and have suddenly become concerned with the income gap..

so I guess it's good that they've found themselves in a position to actually pretend to care about low-income Americans.  

Turtleneck wrote:

A bunch of people pretend to care...not sure that is a step in the right direction. Get back to me when people, whether a D or R follows their name, actually care and actually want to do something proactive rather than put old solutions in new bottles.