Sunday, May 11, 2014

The Wonderful Obama Economic Recovery

Except not, of course.  Last week The Drudge Report ran several news stories looking at the Obama economy from perspectives less pubicized than the standard unemployment and GDP figures.  Here are links to three such articles:

First, for the first time in the history of the United States, and since Obama took over in 2009, businesses in the US have been closing faster than new ones have emerged.  Here's a graph:

Second, since 2007, the working age population of the US has increased by 8 million while the number of jobs has decreased by 500,000.  Good stuff.

And third, the labor force participation rate for our young folks, under 30, is at an all-time low.