Worst. President. Ever.
Barack Obama is the worst jobs president since the Great Depression.
And, the jobs situation is even worse than we thought.
USA Today reported:
The share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.
Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.
The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nation’s social programs…
Another change: the bulk of those not working has shifted from children to adults.
In 2000, the nation had roughly the same number of children and non-working adults. Since then, the population of non-working adults has grown 27 million while the nation added just 3 million children under 18.
More bad news… The Labor Department showed initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 412,000 this week, well above economists’ expectations for a fall to 380,000.
