Midknight Review -- new and revised: During the Clinton/Bush years, unemployment was 5% or less; under Obama, unemployment has never been less than 7.4% and now, with ObamaCare, the work week will be reduced to 30 hours rather than the traditional 40 hours we all thought would last forever.

Summary statement without getting lost in the weeds: the available workforce admitted to by the DoL and including those unemployed and not counted in the 25 to 64 years age grouping, is 188. That is the size of the potential American workforce. Of that number, 20 million are counted as unemployed or underemployed and 41 million additional Americans between 25 and 64 years of age are not being counted for a total of 61 unemployed or underemployed measured against a workforce (potential) of 188 million for an unemployed/underemployed rate of 32.4%. During the Clinton/Bush years, this unemployed/underemployed rate was closer to 9% with an accepted workforce of 166 million compared to an accepted workforce (accepted by the Department of Labor) under Obama's administration of employment and jobs creation of 129 million as of this past week.

Under Bush, the 8 year unemployment rate was 5.2% counting 2008. Under Obama, the unemployment rate has never been under 7.4%. He (Obama) predicted a 5% unemployment rate by this time into his term as president - a number he apparently picked out of thin air for the purpose of grabbing headlines and appeasing his critics for a time.

Explanation: 129,827,178 Americans are currently figured into the Department of Labor statistics. These are folks who old enough to work and are either working or are currently seeking work. It does not included 17 million youth (16 – 24 high school and college aged) who are not looking for work, nor does it count 28 million seniors who are retired and/or no longer seeking employment.

Sadly, those between these two groupings, 41 million Americans 25 to 64, are unemployed but are not counted in the unemployed stats of the Department of Labor. The are not receiving “benefits,” nor are they actively seeking employment.

Adding the 129.8 million in the official workforce to the 41 not being counted, and you have a total workforce of 170.8 million Americans. Using these numbers, 75.9% of the workforce is or should be participating in the workforce.

If we include high school and college aged youth (17 million) currently not be counted into the larger workforce, the total work force excluding retirement aged Americans is 188 million, 8 million of whom are part-timers and 12 million have no job at all but are seeking work and these numbers work against the 129 total. 15.5% of Americans are unemployed or underemployed, using these numbers. But . . . .

If we expand the workforce to 188 million (as explained above) and add the 41 million mid-aged Americans not working to the 20 million, the percentage of unemployed or underemployed working aged Americans is a disturbing 32.4% . During the Clinton and Bush economies, this number was approximately 16%, half of what we have in the Obama economy.

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Source used in this article include:

CNN article: http://money.cnn.com/2012/05/03/news/economy/unemployment-rate/index.htm

Numbers USA (a Left leaning think tank dealing with immigration and employment issues/numbers: https://www.numbersusa.com/content/news/july-8-2013/government-data-only-47-working-age-americans-have-full-time-job.html

Department of Labor stats : http://workforcesecurity.doleta.gov/unemploy/wkclaims/report.asp

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

During the Clinton/Bush years, unemployment was 5% or less; under Obama, unemployment has never been less than 7.4% and now, with ObamaCare, the work week will be reduced to 30 hours rather than the traditional 40 hours we all thought would last forever.

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