“Every day seems to bring more bad news for Americans struggling to get back on their feet in the Obama economy. With job openings down and unemployment up, it’s clear President Obama’s liberal policies have failed to get the economy moving again. On Day One, Mitt Romney will take immediate action to give employers the confidence they need to begin hiring again.” –Amanda Henneberg, Romney Campaign Spokesperson
Yesterday, The Department Of Labor Released A New Economic Report That Suggests “Hiring Will Remain Sluggish In The Months Ahead”:
- The U.S. Department Of Labor Released Data Yesterday Showing Employers In April Posted The Fewest Job Openings In Five Months. “Employers in April posted the fewest job openings in five months, suggesting hiring will remain sluggish in the months ahead. The Labor Department said Tuesday that job openings fell to a seasonally adjusted 3.4 million in April, down from 3.7 million in March. The March figure was the highest in nearly four years.” (Christopher S. Rugaber, “US Employers Post Fewest Job Openings In 5 Months, The Associated Press, 6/19/12)
An Average Of 3.7 People Are Competing For Every Open Job. “There were 12.5 million unemployed people in April. That means there was an average of 3.7 people competing for each open job.” (Christopher S. Rugaber, “US Employers Post Fewest Job Openings In 5 Months, The Associated Press, 6/19/12)
- This Latest Economic Report Is Yet Another Indicator The Private Sector And Middle-Class Families Are Not “Doing Fine” Under President Obama:
- More Than Twenty-Three Million Americans Are Unemployed, Underemployed, Or Have Stopped Looking For Work. (Bureau Of Labor Statistics, www.bls.gov, 6/4/12)
- Under President Obama, The Nation Has Lost 552,000 Jobs. (Bureau Of Labor Statistics, www.bls.gov, 6/4/12)
Last Month, “The Nation’s Jobs Picture Dimmed” With Unemployment Increasing To 8.2%. “The nation's jobs picture dimmed in May as employers added just 69,000 jobs and the unemployment rate ticked up to 8.2 percent, a continuation of a long, slow employment recovery that began 33 months ago.” (Susanna Kim, “May Unemployment Rises To 8.2 Pct.,” ABC News, 6/1/12)
- “The Economy Added Only 69,000 Jobs In May, A Result Much Worse Than Expected That Will Heighten Fears The Economy Is Sliding Back.” (Vicki Needham and Ian Swanson, “Bleak Labor Report Finds Economy Added 69,000 Jobs In May,” The Hill, 6/1/12)
The Associated Press: “The Dismal Jobs Figures Could Fan Fears That The Economy Is Sputtering.” “U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering.” (Christopher Rugaber, “U.S. Employers Added 69,000 Jobs In May As The Unemployment Rate Rose To 8.2 Percent,” The Associated Press, 6/1/12)
“Americans Confidence In The Economy Fell The Most In Eight Months As Worries About The Weak Jobs, Housing And Stock Markets Continue To Rattle Them.” (“Consumer Confidence In The Economy Plunged In May,” The Associated Press, 5/29/12)
- Since President Obama Took Office, Median Household Income Has Declined By $4,300. “Yet real median household income in March was down $4,300 since Obama took office in January 2009 and down $2,900 since the June 2009 start of the economic recovery, according to an analysis of census data by Sentier Research, an economic- consulting firm in Annapolis, Maryland.” (Mike Dorning, “Obama Fails To Stem Middle-Class Slide He Blamed On Bush,” Bloomberg, 4/30/12)
Median Family Net Worth Has Hit A Two-Decade Low. “The Great Recession shrank Americans' wealth so much that in 2010 median family net worth was no more than it had been in 1992 after adjusting for inflation, the Federal Reserve reported Monday. Median net worth declined from $126,400 in 2007 to $77,300 in 2010, a Fed survey of family finances found. The median marks the point where half had more and half had less.” (Martin Crutsinger, “Fed Report: Middle Class Net Worth Tumbles,” The Associated Press, 6/12/12)
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