Economy, Jobs, Regulations: In the past decade, the U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts. More debt, regulatory compliance, high corporate taxes and cronyism sap the strength of the economy. Details Milton Friedman, economist, Comments on Capitalism.
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Obama Economy in Nine Charts (Federal Reserve, St. Louis):
Shadowstats adds Discouraged Workers, Missing From BLS Reports Since 1994, Reporting Unemployment Rate of 22.9%
Recession Ended in 2009....Where are the Jobs?
In a comparison of job growth under President Reagan versus President Obama, the latter has under-performed. To achieve average job growth after a recession, our economy needs 6 million more jobs added by the end of Mr. Obama's term in office. To be on a par with the record of President Reagan, the Obama presidency needs 12 million jobs created by end of 2016. Details, click here.
America's Middle Class: In Decline for Four Decades- Pew Research Highlights of Household Incomes:
The BLS Government reports that the unemployment rate for March 2016 is 5%. No report on the 94M Americans who have left the workforce due to the poor job market. Labor force participation, at 62.6%, is lowest since 1977. Some facts of interest:
Per Chart, ShadowStats adds discouraged workers, dropped by BLS Reports, yielding an unemployment rate of 22.9%, if we consider the 94M people of working age who are at home, not working, compared to the 210M adults of working age in the US. Details...
Whose actually working? How about 25.7M foreign workers? Best estimate is that 16% of the workforce is composed of non-citizens, people working in the US either legally or illegally, holding jobs that Americans might do
How Are Black Americans Doing Under Obama Admin.?