{"id":16845,"date":"2013-01-04T09:32:45","date_gmt":"2013-01-04T14:32:45","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=16845"},"modified":"2013-01-04T09:37:12","modified_gmt":"2013-01-04T14:37:12","slug":"obamas-new-normal-unemployment-stagnates-at-7-8","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/16845\/obamas-new-normal-unemployment-stagnates-at-7-8\/","title":{"rendered":"Obama&#8217;s New Normal:  Unemployment Stagnates at 7.8%"},"content":{"rendered":"<p>The unemployment rate when Barack Obama became President was <a href=\"http:\/\/data.bls.gov\/timeseries\/LNS14000000\" target=\"_blank\">7.8%<\/a>.\u00a0 Four years, four trillion wasted deficit dollars and thousands of federal regulatory pages later, the unemployment rate remains&#8230; 7.8%.<\/p>\n<p>Moreover, the Labor Department reported this morning that we added a lackluster 155,000 new jobs last month, and the labor participation rate (the percentage of Americans actually in the workforce) showed no improvement and remains at a generational low of 63.6%.\u00a0 In fact, considering that the number of women working outside the home has increased during the past three decades, workforce participation is in that sense even more depressing.<\/p>\n<p>By way of perspective, through good times and bad since World War II, unemployment has <a href=\"http:\/\/www.ehow.com\/info_7926355_normal-unemployment-rate.html\" target=\"_blank\">averaged 5%<\/a>.\u00a0 And facing an even deeper recession, Ronald Reagan&#8217;s agenda of lower taxes and smaller government saw unemployment <a href=\"http:\/\/data.bls.gov\/pdq\/SurveyOutputServlet\" target=\"_blank\">plummet<\/a> from 10.4% on the date his tax cuts took effect to 7.0% two short years later, and continued its steady decline to 5% during his administration.<\/p>\n<p>Accordingly, this morning&#8217;s unemployment report confirms the &#8220;New Normal&#8221; under Obama and his wasteful policies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The unemployment rate when Barack Obama became President was 7.8%.\u00a0 Four years, four trillion wasted deficit dollars and thousands of federal regulatory pages later, the unemployment rate remains&#8230; 7.8%. Moreover, the Labor Department reported this morning that we added a lackluster 155,000 new jobs last month, and the labor participation rate (the percentage of Americans [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[19,27,24,18],"class_list":["post-16845","post","type-post","status-publish","format-standard","hentry","category-posts","tag-economy","tag-jobs","tag-obama","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=16845"}],"version-history":[{"count":4,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16845\/revisions"}],"predecessor-version":[{"id":16848,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/16845\/revisions\/16848"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=16845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=16845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=16845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}