- Worst jobs recovery ever;
- Rising part-time employment;
- Declining wages;
- Growing workforce dropouts; and,
- Rapid rise in adult children living with their parents.
1. Worst Jobs Recovery Ever
The Obama Administration promised in 2009 that their trillion-dollar stimulus plan would create 3.5 million jobs and reduce unemployment to 5 percent by now. Then in 2010, then-Speaker Nancy Pelosi promised that Obamacare would create another 4 million jobs, declaring it “a jobs bill.” Unfortunately for the American people, none of that has actually happened. Instead, the U.S. economy continues to experience the worst jobs recovery ever – and the only one in which all the jobs lost during the recession had not been restored by this point in the recovery.
Source: Calculated Risk Blog, Percent Job Losses During Recessions.