dec #jobsreport: record 55,807,000 women unemployed; labor participation rate 26yr Low

A record 55,807,000 women 16 years and older did not participate in the labor force in December, according to data from the Bureau of Labor Statistics (BLS). This means that 55,807,000 women in the United States did not have a job and did not actively seek one in the past four weeks.

The number of women not in the labor force increased from 55,195,000 in November to 55,807,000 in December, an increase of 612,000.

LPRwomen

The participation rate for women hit a record low for this year of 56.6 percent, which also matches the 56.6 percent seen in September 1988, a 26-year low. The labor force participation rate, as calculated by the BLS, is the percentage of this population that either has a job or actively sought one in the last four weeks.

The number of employed women decreased from 69,247,000 in November to 69,042,000 in December, a decline of 205,000. However, the number of unemployed women also declined from 4,195,000 in November to 3,878,000 in December, which means there were 317,000 less unemployed women in September.

The unemployment rate for women declined from 5.7 percent in November to 5.3 in December.

CNS News: Dec #JobsReport: Record 55,807,000 women unemployed; Labor Participation Rate 26yr

@barackobama has increased federal debt by $7.5 trillion to $18.2 trillion #palin #sarahpalin #palin2016

FEDERAL DEBT

The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker.

According to the Treasury, the debt started calendar year 2014 at $17,351,970,784,950.10 and ended it at $18,141,444,135,563.30.

When Obama took office on Jan. 20, 2009, the debt was $10,626,877,048,913.08. Since then, it has increased $7,514,567,086,650.22–which is $65,443 per household, $70,985 per full-time worker and $84,266 per full-time private-sector worker.

In 2013, according to the Census Bureau there were 105,862,000 full-time year-round workers in the United States. The $789,473,350,613.20 increase in the federal debt during 2014 worked out to $7,457.57 for each of those full-time year-round workers.

Those 105,862,000 full-time year-round workers included 16,685,000 federal, state and local government workers and 89,177,000 private-sector workers.

The $789,473,350,613.20 in new federal debt in 2014 equaled $8,852.88 for each of the 89,177,000 full-time private-sector workers in the country.

As of December 2013, there were 114,826,000 households in the country, according to the Census Bureau. The $789,473,350,613.20 in new debt equaled $6,875.39 per household.

Ten years ago, at the end of 2004, the federal debt was $7,596,142,802,424.14. Since then, it has grown by $10,545,301,333,139.16—an average pace of $1,054,530,133,313.92 per year.

CNSNews: Under Obama: Federal Debt Up $84,266 Per Full-Time Private-Sector Worker

‘Calibration error’ changes GOP votes to Dem in Illinois county

CHICAGO — Early voting in Illinois got off to a rocky start Monday, as votes being cast for Republican candidates were transformed into votes for Democrats.

Republican state representative candidate Jim Moynihan went to vote Monday at the Schaumburg Public Library.

“I tried to cast a vote for myself and instead it cast the vote for my opponent,” Moynihan said. “You could imagine my surprise as the same thing happened with a number of races when I tried to vote for a Republican and the machine registered a vote for a Democrat.”

The conservative website Illinois Review reported that “While using a touch screen voting machine in Schaumburg, Moynihan voted for several races on the ballot, only to find that whenever he voted for a Republican candidate, the machine registered the vote for a Democrat in the same race. He notified the election judge at his polling place and demonstrated that it continued to cast a vote for the opposing candidate’s party. Moynihan was eventually allowed to vote for Republican candidates, including his own race.

Moynihan offered this gracious lesson to his followers on Twitter: “Be careful when you vote in Illinois. Make sure you take the time to check your votes before submitting.”

Cook County Board of Elections Deputy Communications Director Jim Scalzitti, told Illinois Watchdog, the machine was taken out of service and tested.

“This was a calibration error of the touch-screen on the machine,” Scalzitti said. “When Mr. Moynihan used the touch-screen, it improperly assigned his votes due to improper calibration.”

Watchdog: Cook County ballot box tries to cast GOP votes for Democrats

The Obama disease takes toll on economy

ObamaEbola

Ronald Reagan’s famous question that sank Jimmy Carter in 1980 — “Are you better off than you were four years ago?” — could be reprised to measure the performance of Barack Obama and the Democrats. The latest figures from the Census Bureau and Federal Reserve suggest the answer would be an emphatic “no.”

In 2008, Mr. Obama’s message of hope and change resonated with the promise of “policies that invest in our middle-class, create new jobs, and grow this economy from the bottom up so that everyone has a chance to succeed.” Audiences cheered, but now with the knowledge from experience, the question becomes, has that investment paid off?

A new Federal Reserve study finds the median net worth of families last year fell to its lowest level since 1992, after adjusting for inflation. For most families, this means that the work of two decades of economic struggle has vanished. The dollar figure on the paycheck is higher, but dollars don’t buy nearly as much as they did.

LaborUPDATE

By this measure, the presiding generation is less well-off than the one that preceded it. This is not a surprise to parents who find their dreams of peace in an “empty nest” dashed when their children return from college, unable to find jobs.

Stimulus and “investment” were supposed to reinvigorate the economy. Government spending would create jobs and rescue Americans from the grim clutch of poverty. Census Bureau statistics released Tuesday show 45.3 million Americans living below the poverty level as measured by the government. That’s almost 10 million more living in poverty than in 1992.

While the population is larger, the poverty rate is identical — 14.5 percent. It’s as likely that someone is poor today as in 1992, or in 1962. Mr. Obama’s economic policies have achieved nothing, but worse, the entire 50-year Democratic “war on poverty” has made no discernible impact on poverty.

Washington Times: The Obama disease takes toll on economy