(CBS News) – Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.
The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March.
The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force, which includes an aging population that is continuing to head into retirement.
“The labor force participation rate fell by 0.4 percentage point to 62.8 percent in April. The participation rate has shown no clear trend in recent months and currently is the same as it was this past October. The employment-population ratio showed no change over the month (58.9 percent) and has changed little over the year,” the bureau said in a statement.
The number of unemployed Americans decreased by 733,000 to 9.8 million last month.
“The number of long-term unemployed (those jobless for 27 weeks or more) declined by 287,000 in April to 3.5 million; these individuals accounted for 35.3 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 908,000,” the press release stated.
Employers have now added an average of 238,000 jobs the past three months, up from 167,000 in the previous three.
“Not only is job growth continuing, but it is accelerating,” said Patrick O’Keefe, director of economic research at the accounting and consulting firm CohnReznick.
Sal Guatieri, an economist at BMO Capital Markets, said the surge in hiring “signals that American companies are optimistic the economy will snap back smartly after the largely weather-related slump in the first quarter.”
The fall in the unemployment rate was due mainly to the exodus of people who stopped looking for work. O’Keefe said he was surprised by the 806,000 drop in the number of Americans either with a job or seeking one. But he noted that that figure is volatile from month and month and that during the first three months of 2014, nearly 1.3 million people had poured into the labor force.
The White House posted on its blog that businesses have added more than 9.2 million jobs over the past 50 months.
“The employment data can fluctuate from month-to-month, and while this month’s report happens to be above expectations, it is still broadly consistent with the recent trends we have been seeing in the labor market,” Jason Furman, chairman of President Barack Obama’s Council of Economic Advisers, wrote on the White House blog. “The President continues to emphasize that more can and should be done to support the recovery, including acting on his own executive authority to expand economic opportunity, as well as pushing Congress for additional investments in infrastructure, education and research, an increase in the minimum wage, and a reinstatement of extended unemployment insurance benefits.”
House Speaker John Boehner called the jobs report “troubling.”
“[W]hile it’s welcome news that more of our friends and neighbors found work in the past month, this report also indicates more than 800,000 Americans left the workforce last month, which is troubling,” Boehner said in a statement. “We need more robust economic growth if we’re going to help the millions who remain unemployed get back on their feet.”
Not a single member of the press challenges blatant deception
Paul Joseph Watson
May 2, 2014
President Barack Obama made an embarrassing blunder earlier today during his press conference with German Chancellor Angela Merkel when he described the post-coup government of Kiev as “duly elected”.
While Obama himself along with other members of the administration have repeatedly complained about pro-Russian “propaganda” clouding the Ukraine crisis, the President’s characterization of a government that came to power as a direct result of a violent overthrow of the democratically elected Yanukovich administration as “duly elected,” when no democratic vote of any kind took place, is either a huge gaffe or a flagrant act of deception.
Here’s the full quote in context from the transcript (emphasis mine);
“What they cannot accept, understandably, is the notion that they are simply an appendage, an extension of Russia, and that the Kremlin has veto power over decisions made by a duly elected government in Kiev.”
Of course, the government in Kiev is anything but duly elected since it was installed with the aid of the United States itself after a violent uprising that unseated the previous government which actually was duly elected.
The stage was set for the Ukraine revolt to become violent in December when US Assistant Secretary of State for Europe Victoria Nuland announced that the U.S. would invest $5 billion in order to help Ukrainians achieve “a good form of government.”
The true nature of that government was subsequently revealed when leaked phone conversations emerged of Nuland conspiring with US ambassador to Ukraine Geoffrey Pyatt to pick Ukraine’s future puppet leaders, personally recommending Arseniy Yatsenyuk, who soon became interim Prime Minister for the post-coup regime.
Documents also emerged confirming that the Euromaidan uprising was largely financed by the US Agency for International Development (USAID) in concert with numerous American NGOs.
To describe the Kiev government as “duly elected” is almost as silly as saying that North Korea’s Kim Jong-un was voted into office, but not a single member of the press who was at the event picked Obama up on this huge faux pas.
All of this recent activity on the events surrounding the Benghazi disaster of September 11, 2012 has now prompted another powerful Congressional leader to get more involved in this issue. It seems House Speaker John Boehner is determined to finally create a special committee that would be empowered to look into Benghazi in more detail. This committee would join the House Oversight Committee as the only two that are still looking into the matter officially.
The amazing thing about this is that it has taken the Speaker nearly two years to finally decide to create such a committee. Of course, part of the problem in doing so was that he wanted to be especially sure that he had enough votes to make the committee a success.
The Obama Regime has been stonewalling the American people and Congress for almost 20 months on this issue. Perhaps Boehner is finally getting tired of being taken for a fool? It’s clearly been too long for him to sit idly by, as the leader of the House, but good to see that he is finally doing the right thing. The Speaker has confirmed this move, along with the fact that he will appoint Congressman Trey Gowdy to lead the committee. The Weekly Standard reported these event earlier this morning, with Boehner reported to have said that this was in response to Obama defying the subpoena by the House Oversight Committee.
Listen to part of the statement issued by the House Speaker today:
“Americans learned this week that the Obama Administration is so intent on obstructing the truth about Benghazi that it is even willing to defy subpoenas issued by the standing committees of the People’s House. These revelations compel the House to take every possible action to ensure the American people have the truth about the terrorist attack on our consulate that killed four of our countrymen. In light of these new developments, the House will vote to establish a new select committee to investigate the attack, provide the necessary accountability, and ensure justice is finally served.
The administration’s withholding of documents—emails showing greater White House involvement in misleading the American people—is a flagrant violation of trust and undermines the basic principles of oversight upon which our system of government is built. And it forces us to ask the question, what else about Benghazi is the Obama administration still hiding from the American people?”
Indeed. It also forces us to look at what other things the Obama Regime might be lying about or at least hiding from us. It would be interesting to find out all of that, but that is something probably for the annals of history to figure out.
There are a number of things to know about select committees. For example, either chamber of Congress can adopt a resolution to create such a committee, allocate a budget, and do more, but the resolution needs to pass. It is also possible to create a joint House and Senate select committee, if both chambers pass the same resolution. Of course, in this case, the House select committee on Benghazi will most likely be specific to the House. There is seemingly little interest in the Democrat-held Senate right now.
So, what do YOU think? Is this something that should have happened a LOT sooner? Why did Boehner drag his feet on it? Will the new select committee end up uncovering the real truth? How bad is something like this for Obama and the rest of his party?
Here we go again. This simply goes to prove just how complicit the American news media has become in the overall liberal agenda today. They are so clearly in the back pocket of the Democratic party and our amazing community organizer in chief that we should maybe call him the Supreme Soviet.
In recent days, there have been a number of interesting and shocking revelations in the ongoing Benghazi saga. They actually prove that at the very least, the White House was involved in covering up or at least editing the initial response to the horrible events that resulted in the loss of American lives.
So, we have a number of very bad actors in this silly saga. First, there is White House National Security Advisor Ben Rhodes. Amazingly enough, he is also the brother of CBS News President David Rhodes. Brother Ben is the very same person who we now know actually helped rewrite the Benghazi talking points. He did this in order to shift the focus away from the failed administration policies in an attempt to blame an internet video. These redone talking points were then given to our next actor, former UN Ambassador Susan Rice. She next went on five different Sunday morning talk shows in order to lie about the attack to the American people.
Now we know that the wonderful Ben Rhodes did actually edit those talking points and this proves the White House had a direct role, despite their previous denial. We also heard this week from Retired Air Force Brigadier General Robert Lovell, in charge of Africa Command at the time of the Benghazi massacre, who said he never received any orders from the State Department. Much less any orders to send help to Americans in Libya on September 11, 2012.
Given all of these facts, is it really a big surprise that CBS News didn’t mention any of this on their broadcast last night? This is just another shining example of the hypocrisy of the American news media and just how completely biased they really are. Ultimately, I really don’t have that much of a problem with media bias…the problem is the fact that they try to fool everyone into believing they are balanced and fair. Everyone has some bias, to a certain extent, although the major news networks end up going way over the edge of decency many times. Of course, CBS is not the only one to blame here, as many of the other networks chose to ignore this story as well.
I suppose we could say bravo to ABC. They actually reported this. However, it was only given 46 seconds of air time, so it probably isn’t worth getting too excited over. Former CBS reporter Sharyl Attkisson has been steadfastly dedicated to this issue and attempting to uncover the truth. This is why she ended up leaving the network earlier this year.
So, what do YOU think about this? Why is the media continuing to side with the Obama Regime over this cover-up? How deep do you think the cover-up really goes? Will the House Oversight Committee be able to finally get to the bottom of things? How about reporters like Attkisson?