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

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holy crap: 93 million adults not working or real unemployment is 37.3% @drudge @sarahpalinu

A record 92,898,000 Americans 16 years and older did not participate in the labor force last month, according to data released by the Bureau of Labor Statistics.

The BLS defines people not in the work force as people 16 years and up who are not employed and haven’t “made specific efforts to find employment sometime during the 4-week period ending with the reference week.” The labor force participation rate — or the “The labor force as a percent of the civilian noninstitutional population” — also dipped back down to 62.7 percent, from 62.9 percent in November.

September also saw a labor force participation rate of 62.7 percent, however prior to then, the last time the rate hit 62.7 percent was in February of 1978.

While the level of labor force participation declined — due not only to potentially discouraged workers but also baby boomers hitting retirement age — the BLS reported Friday that in December the unemployment rate declined to 5.6 percent, payroll jobs increased by 252,000 but 456,000 dropped out in November.

“Today’s solid employment report caps off a strong year for the U.S. labor market, which achieved a number of important milestones in 2014,” Jason Furman, Chairman of the Council of Economic Advisers, said in a statement. “Total job growth last year was the strongest since 1999, while the unemployment rate fell at the fastest pace in three decades.”

“Although nominal wages fell in December, inflation-adjusted wages have generally been rising, and job growth has picked up in sectors that traditionally provide good, middle-class jobs,” he added.

House Speaker John Boehner (R-OH) reacted to the labor news by touting the jobs bills the new Republican Congress have been pushing, including the Keystone pipeline.

“It’s always welcome news when more Americans find work,” he said. “Yet while the economy is showing some signs of improvement, far too many middle-class families are struggling to bridge the gap between rising costs and stubbornly flat paychecks.”

RECORD 92,898,000 AMERICANS NOT IN THE WORKFORCE

@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

smithsonian: governor #palin ’100 most significant americans of all time’

Sarah Palin has made the Smithsonian 100 Most Significant Americans list. Her place is among First Women. Notably absent from the list of most significant presidents: Barack Obama.

Sarah Palin is the first woman to be governor of the State of Alaska. She is the first woman to be a GOP VP candidate. She is also one of the first women to be a sportscaster. See Accomplishments for the complete list of all she has done and continues to do.

smithsonian-100-most-significant-americans

Smithsonian took great pains to reduce or eliminate bias in compiling their list. The method involves a lot of high-level math and algorithms similar to what Google uses to rank web pages. The math considers gravitas, celebrity “and a means of correcting for the ‘decay’ in historical reputation that comes with the passage of time.”

Governor Palin was named among the top women:

Pocahontas
Eleanor Roosevelt
Hillary Clinton
Sarah Palin
Martha Washington
Hellen Keller
Sojourner Truth
Jane Addams
Edith Wharton
Bette Davis
Oprah Winfrey

To read about why Sarah Palin – and the other 99 people – made the list, you will need to buy a print copy of the Smithsonian 100.

Smithsonian 100 is not the first such list Sarah Palin has made. In 2010, she made the Time Magazine’s list of 100 Most Influential People in the World. She was honored at a gala at the Rose Theater in New York City.

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