Life: Left of Centre

Posts Tagged ‘President Obama

On Friday, 7th September, came the news that unemployment (or the ‘jobless rate’, as Americans call it) had fallen to 8.1%. Much of this was due to people giving up on work altogether, however. For every 1 job created, 4 Americans fell out of the labour market altogether. In fact, officially, the ‘Labour Force Participation Rate’ – the indicator of how many Americans are engaged in work or searching for work – fell to 63.5%, it’s lowest rate since September 1981. This date is notable as being almost one year on from President Jimmy Carter’s (the 39th incumbent of the Office) defeat after a struggling economy hit home, alongside numerous foreign policy mishaps and misadventures.

Could the same thing happen to the 44th and current President, Barack Obama on November 6th; welcoming to the stage the 45th President, Mitt Romney??…

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