Jobless Claims on the Rise Again.

After digesting the unemployment numbers for the last few days, there is every indication that very few jobs are being created, as this administration continues to flounder.  They can boast all they want about the jobs that have been created in the past year, but the underlying consequences do not reflect the true picture of the job market.  When it is said that their are 766,000 less women working than three years ago, I have to pause and ask what's next? Veterans unemployment rates are also climbing at an alarming rate. This weeks new claims reached a four week high of 386,000 which are 6,000 more than the previous week.

Its hard to get excited when only 69,000 jobs were created in May. The revised job numbers for March and April show that 49,000 fewer jobs were created than originally  reported.  It just keeps getting worse and with no end in sight for an already floundering economy the only good news is it will spell doom for the re-election efforts of Obama. On June 14, 2012 House Speaker John Boehner released the following video showing the jobs bills that have been passed by the House but  still sit languishing in the Senate. Harry Reid has virtually put a halt to all legislation that would put people to work and jump start the economy.

                                     

The state unemployment numbers were released today and the news as promising as you think it might be was awful. In May 18 states showed an increase in the unemployment rate, 14 states decreased while 18 states remained the same.  To add insult to injury last Friday the President said that the "private sector was doing fine".  Hearing these words come out was painful to watch and shows just how out of touch this administration is.  A new report shows 23% of small business owners have gone more that a year without a paycheck and 54% have gone without at least one paycheck.  They are working longer hours with less profits and using their own money to keep business's afloat. And where has the president been during this whole ordeal?  "CAMPAIGNING".

The west region continued to see the highest unemployment rates in the country at 9.4% while the Mideast reported the lowest at 7.2% (BLS).  Nevada is still showing the highest unemployment rate at 11.6% with Rhode Island and California following closely at 11% and 10.8% respectively.  This is not good going into the summer months.  We have now gone 40 months with the unemployment rate above 8% and all indicators are showing that this will continue through the end of the year.

This should be a wake-up call to Obama, but it appears to be more important that he spend his time demeaning and blaming everyone who crosses his path for his own failures.  It is confounding that his approval rating is still hovering around 50% while over 15,000,000 people are out of work and struggling to make ends meet.  When will they wake up and realize that this presidency has been complete failure before it's to late to do anything about?