The Obama administration is in more trouble with news that the unemployment situation in the United States has not improved. On Friday morning, the Department of Labor announced that the unemployment rate had remained unchanged in July at 9.5 percent. On top of that, another 131,000 jobs were lost.
These jobs and unemployment numbers are not only troubling, they are devastating. The economy has been in a downward spiral since 2008 and is showing no signs of recovery. Just consider the following things.
First, the unemployment rate according to the Department of Labor accounts for the number of people that are unemployed — not the number that have given up on looking for jobs. Currently the underemployment rate is at 16.5 percent but if you factor in the number of people that have walked away from the civilian labor force altogether the number would be much higher. Now those are not numbers you often hear reported in the news.
Second, unemployment among America’s youth is skyrocketing.
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