You know what would really help our economy?

A time machine. See with a time machine we could all go back to 1979. Why 1979? Well Chris Wysocki figures that today’s “bright” economic news, unemployment hit 7.5%, would really be good news, if this was 1979.

Good news America! The unemployment rate has dropped again! It’s now at 7.5%, and employers are adding more jobs than ever!

U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

The government revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April — above the 138,000 added in the previous six months.

Alas every silver lining has a cloud. Or 2.

First, the workforce participation rate remains stubbornly stuck at 63.3%, the lowest it’s been since 1979. Because once you’ve given up, you’ve given up. And your president has likewise given up on you.

Second, and perhaps more ominously, ObamaCare is pushing more and more people into part-time work.

Many part-timers are facing a double whammy from President Obama’s Affordable Care Act. The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide healthcare to more workers, a growing number of employers are cutting back employee hours instead.

See! Even good news is bad news in Obamaland. So, would we REALLY be better to go back to 1979? Well, in 1979, Carter was president, and things were not great at all. But there was no Obamacare looming over us, and do you recall what happened the very next year? Yep, Reagan was elected! Also, there was no MSNBS, no reality TV, of course there was no internet, and no blogs, so, what would I be doing with my time?

 

Five Million College Grads In Jobs That Don’t Require A High School Diploma

Five Million College Grads In Jobs That Don’t Require A High School Diploma – Big Government

A new study finds that 48% of recent college graduates are now in jobs that do not require a bachelor’s degree, and 37% hold jobs that require just a high school diploma.

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The study, titled “Why Are Recent College Graduates Underemployed? University Enrollments and Labor Market Realities,” was conducted by the Center for College Affordability and Productivity using employment data from the U.S. Bureau of Labor Statistics.

“Student-loan programs and federal assistance programs are based on some sort of implicit assumption that we’re training people for the jobs of the future,” says Richar Vedder, director of the center and a professor emeritus at Ohio University. “In reality, a lot of them are not.”

The study found that the proportion of over-educated workers is on the rise. In 1970, less than 1% of taxi drivers and 2% of firefighters held college degrees. Today, over 15% do in each profession. Moreover, five million college graduates are now in jobs that don’t even require a high school diploma.

Kristopher Del Campo, 23 and a senior majoring in psychology at DePaul University, says that many of his classmates fear today’s dismal job market and are instead opting for graduate school, which will make them even more overqualified for jobs.

“A lot of undergraduates are wondering whether they will find jobs that allow them to use their degree,” said Del Campo in an interview with Breitbart News. “So they’re going to graduate school instead, which will drive them deeper into debt.”

Indeed, college graduates are fortunate to find any job in today’s bleak economy. In 2006 and 2007, 90% of all college graduates found a job within a year of graduating. Since 2011, just 56% of college graduates are able to find work.

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Two Recent Must-See Marco Rubio Videos

Senator Marco Rubio Delivers A Major Foreign Policy Speech At The Jesse Helms Center In Wingate, North Carolina – 09/13/11

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Marco’s Constituent Mailbox: Jobs And The Economy – 09/09/11

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Visit Senator Rubio’s YouTube Channel At http://www.youtube.com/user/SenatorMarcoRubio

Then Check Out His Official Website At http://rubio.senate.gov

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And The Idiot Liberal Weasely Non-Answer Award Goes To…

The aptly-named Dick Blumenthal!

If Obama needs a new Jobs Czar……………

I think he should ask this guy viaDoug Powers, at Michelle’s place. And btw, consider yourself warned that this has some language, and LOTS of common sense!

Actual Unemployment Rate Reaches 17.3 Percent As Economy Sheds Another 85,000 Jobs

Economy Loses 85,000 Jobs In December, Jobless Rate Stays At 10 Percent – Fox News

The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation’s employers.

The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected.

A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at the same rate as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.

When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called “underemployment” rate in December rose to 17.3 percent, from 17.2 percent in October. That’s just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.

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