54 Months: Record Stretch of 7.5%+ Unemployment Continues - See more at: http://cnsne

[Freewill]

Thanks Obama, we said this would happen, we like being right.

54 Months: Record Stretch of 7.5%+ Unemployment Continues | CNS News

(CNSNews.com) - Since January 2009, when Barack Obama was inaugurated as president, the United States has seen 54 straight months with the unemployment rate at 7.5 percent or higher, which is the longest stretch of unemployment at or above that rate since 1948, when the Bureau of Labor Statistics started calculating the national unemployment rate. Today, BLS reported that the seasonally adjusted national unemployment rate for June was 7.6 percent, the same it was in May. - See more at: 54 Months: Record Stretch of 7.5%+ Unemployment Continues | CNS News

 

[Freewill]

Only 47% of Adults Have Full-Time Job

The release of the June Jobs' Report Friday was something of a relief for the markets. The Labor Department reported that the economy gained 195,000 jobs in June, which beat economists' expectations. The Department also reported that the economy gained 70,000 more jobs in April and May than it originally estimated. The report, however, also provides clear evidence that the the nation is splitting into two; only 47% of Americans have a full-time job and those who don't are finding it increasingly out of reach.

Of the 144 million Americans employed last month, only 116 million were working full-time. Friday's report showed that 58.7% of the civilian adult population of 245 million was working last month. Only 47% of Americans, however, had a full-time job.