The Obama recovery continues, yes?
At Daily Pundit.
HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Recession’s pain reaching deep into the economic recovery. “The buying power of Americans continues to be weaker than it was when the recession ended four years ago, underscoring the lasting damage wrought by the downturn, according to a report released Wednesday. Inflation-adjusted median household income has declined 4.4 percent, to $52,098, since June 2009, the official end of the recession, said the report by Sentier Research, an Annapolis data-analysis firm headed by two former Census Bureau officials.” Maybe we haven’t really “recovered” at all.Update: Unemployment rising:
According to a daily tracking poll from Gallup, the nation's unemployment and underemployment rate has jumped significantly in the last month. The latest poll out Wednesday said unemployment was 8.9 percent compared to 7.8 percent a month ago. Gallup also reported the underemployment rate now stands at 17.9 percent . Gallup says its unemployment and underemployment rates are calculated as a percent of the workforce. Daily results reflect 30 day rolling averages based on telephone interviews with about 30,000 adults. Last month, the U S government reported unemployment at 7.4 percent. However, because results are not seasonally adjusted, Gallup says they are not directly comparable to the numbers reported by the U S Burea of Labor Statistics.The BLS also reports that three of every four new jobs created are part-time.