Obamanomics in Action: One in Five US Families Not Working
Obamanomics in action…
One in five US families in America are not working.
Seven years after the Great Recession and a trillion dollars later, one in five US families are not working.
CNS News reported:
In 19.9 percent of American families in 2014, according to data released by the Bureau of Labor Statistics (BLS), no one in the family worked.
A family, as defined by the BLS, is a “group of two or more persons residing together who are related by birth, marriage, or adoption. In 2014, there were 80,889,000 families in the United States, and in 16,057,000 of those families, or 19.9 percent, no one had a job…
…The BLS has been tracking data on employment in families since 1995. That year, the percent of families in which no one had a job was 18.8 percent. The percentage hit an all-time high of 20.2 percent in 2011. It held steady at 20 percent in 2012 and 2013. In 2014, it declined to 19.9 percent.
More… Home ownership rate is at a 25 year low under Obama.
