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  • Record Numbers of Young Adults Living with Older Family Members
    Posted in The Jobs Search on December 1, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Certain groups have suffered more from the "Obama Recovery" than others, starting with younger adults. A recent article found that currently, America is experiencing the highest-ever level of young adults living with older family members: This is not a situation that young adults – or their parents – want. The desire to own a home is still very prevalent among young adults. But with a depressingly slow “recovery” in jobs and continued disappointing wages for those who can find work, many simply... Read more

  • Reality Check: Unemployment Has NOT Dropped Faster than the Administration Projected in Selling Their Failed Stimulus Plan
    Posted in The Jobs Search on November 21, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    On Wednesday, the White House released a curious chart, attempting to show that unemployment “is dropping faster than projected.” The chart compared the actual unemployment rate with forecasts made by the Administration in 2010, 2011, 2012, 2013, and 2014: Notice something missing, given that the President took office in 2009? Specifically, where’s the “2009 Forecast” line? Here’s what that would look like (comparing the actual unemployment rate with the Administration’s projection in their infa... Read more

  • Where Are the Jobs Update
    Posted in The Jobs Search on October 22, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    “Four years ago, President Obama began to pull our country out of the worst economic crisis since the Great Depression, while laying the foundation for an economy built to last. We’ve come a long way – but there’s more to do. Take a look at the goals the President has set to move this country forward.…CREATE 1 MILLION NEW MANUFACTURING JOBS BY 2016.” Source: President Obama, Organizing for Action website, 2012 Now (2014) Two years after the President’s 2012 pledge, we’re not even close to the h... Read more

  • Administration's Revisionist History: Putting the Economy's "Incredible Progress" in Perspective
    Posted in The Jobs Search on October 6, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Now (October 2014) “Our economy is making incredible progress.” For example, 5.9 percent unemployment is “a number many economists didn’t think we’d see for years.” Sources: White House press release and email from CEA Chairman Jason Furman, October 3, 2014. Then (January 2009) The Obama Administration predicted that, with Democrats’ stimulus plan, the U.S. unemployment rate would fall to 5.9 percent by early 2012. Even without stimulus, the Administration forecast the unemployment rate would f... Read more

  • Democrat Stimulus Architect Admits “the Economy’s Problems,” not “Economic Greatness”
    Posted in The Jobs Search on October 2, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Democrat Stimulus Architect Admits “the Economy’s Problems,” not “Economic Greatness” Then: The January 2009 Romer-Bernstein Report predicts 5 percent unemployment by now. Sources: January 2009 Romer/Bernstein Report ("Administration Prediction With Stimulus Plan”), and Department of Labor, Bureau of Labor Statistics (“Actual”). Now: Jared Bernstein, “How the Jobless Rate Underestimates the Economy’s Problems,” October 2, 2014 The economy is not growing as it should: “(T)here’s considerable sla... Read more

  • Reason #40: Six Out of Ten Say the American Dream Is Out of Reach
    Posted in The Jobs Search on September 18, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Six Out of Ten Say the American Dream Is Out of Reach. After five years of the Obama "recovery," 59 percent believe the American Dream is out of reach and 63 percent believe most children won't be better off than their parents. Source: CNNMoney, The American Dream Is Out of Reach (June 2014) ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40 jobs bills the House has already approved. The reasons define the distress A... Read more

  • Reason #39: Minority Families Have Suffered the Most during the Obama "Recovery"
    Posted in The Jobs Search on September 17, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    ​Minority Families Have Suffered the Most during the Obama "Recovery." During the heart of the Obama "recovery," the median income of minority families dropped by 9 percent, and their median net worth fell by 17 percent. In contrast, incomes and net worth for white families were essentially stable. Source: National Journal, The Economic Recovery Hasn’t Reached Minority Families (September 9, 2014) ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons... Read more

  • Reason #38: Over Half of Americans Can’t Afford Their House
    Posted in The Jobs Search on September 16, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Over Half of Americans Can't Afford Their House. In order to cover their rent or mortgage over the last three years, 52 percent of Americans have had to make at least one major sacrifice, such as getting a second job, deferring saving for retirement, cutting back on health care, or running up credit card debt. Source: MarketWatch, Half of Americans Can’t Afford Their House (June 8, 2014). ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the... Read more

  • The Obama Economy: Still the Worst Ever for Working-Age Women
    Posted in The Jobs Search on September 16, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    Today, the Census Bureau released information on poverty in 2013, which showed how the overall poverty rate fell from 15 percent in 2012 to 14.5 percent in 2013, as the number of poor individuals fell from 46.5 million in 2012 to 45.3 million in 2013. But buried within this short-run good news were several troubling long-run trends, including the fact that the poverty rate for working-age women remains unacceptably high at 15.3 percent in 2013. In fact, as depicted below, the poverty rate for wo... Read more

  • Reason #37: Disability Beneficiaries Outnumber Jobs in Manufacturing
    Posted in The Jobs Search on September 15, 2014 | Preview rr
    Tags: Human Resources, Full Committee

    ​Disability Beneficiaries Outnumber Jobs in Manufacturing. Due to the poor economy and other factors, there are now more Americans collecting disability benefits than there are workers doing production work in manufacturing. Source: U.S. Department of Labor, Bureau of Labor Statistics, and Social Security Administration, Monthly Statistical Snapshot. ________________ As introduced on June 17, 2014, Ways and Means Chairman Camp is listing 40 reasons for the Senate to pass the 40 jobs bills the Ho... Read more