RNC Research

“The White House On Thursday Disbanded President Barack Obama’s Jobs Council, A Group Of High-Profile Chief Executives Who Gave Advice On How To Spur Employment Growth, Even As 12 Million Americans Remain Out Of Work.” (Roberta Rampton, “White House Disbands Jobs Council Despite Slow Employment Growth,” Reuters, 1/31/13)

• “Pay No Attention To The Demise Of President Obama’s Jobs Council, White House Press Secretary Jay Carney Said Thursday.” (Reid J. Epstein, “W.H. Defends Jobs Council’s Demise,” Politico 44, 1/31/13)

• “The Obama Administration Will Discontinue Its Jobs Council Despite Persistent Unemployment And News This Week That The Economy Shrunk.” (Justin Sink, “White House To Shut Down Jobs Council,” The Hill, 1/31/13)

22.7 Million Americans Are Unemployed, Underemployed Or Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 2/1/13)

• The Number Of Unemployed Workers Is 12,332,000. (Bureau Of Labor Statistics, Accessed 2/1/13)

• The Number Of Workers Working Part-Time For Economic Reasons Is 7,973,000. (Bureau Of Labor Statistics, Accessed 2/1/13)

• There Are Currently 2,443,000 Unemployed Workers That Have Given Up Looking For Work. (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The Unemployment Rate Has Increased From 7.8 Percent To 7.9 Percent. (Bureau Of Labor Statistics, Accessed 2/1/13)

• The Unemployment Rate In January Increased To 7.9 Percent From 7.8 Percent. (Bureau Of Labor Statistics, Accessed 2/1/13)

• The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Remained Unchanged At 14.4 Percent. (Bureau Of Labor Statistics, Accessed 2/1/13)

In January, The Number Of Unemployed Increased By 126,000. (Bureau Of Labor Statistics, Accessed 2/1/13)

• Since Obama Took Office, The Average Duration Of Unemployment Has Nearly Doubled From 19.8 Weeks To 35.3 Weeks. (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The Unemployment Rate For Women Has Increased From 6.9 Percent To 7.8 Percent. (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The African American Unemployment Rate Has Increased From 12.7 Percent To 13.8 Percent. (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The Number Of Workers Unemployed For 27 Weeks Or Longer Has Increased By 2,008,000. (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The Nation Has Lost 823,000 Construction Jobs.  (Bureau Of Labor Statistics, Accessed 2/1/13)

Since Obama Took Office, The Nation Has Lost 606,000 Manufacturing Jobs.  (Bureau Of Labor Statistics, Accessed 2/1/13)

U.S. GDP Contracted By 0.1 Percent  In The Fourth Quarter Of 2012. “Real gross domestic product – the output of goods and services produced by labor and property located in the United States – decreased at an annual rate of 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the fourth quarter), according to the ‘advance’ estimate released by the Bureau of Economic Analysis.” (“Gross Domestic Product, 4^th Quarter And Annual 2012 (Advance Estimate), U.S. Department Of Commerce Bureau Of Economic Analysis, 1/30/13)

• The Bleak GDP Report Came A Day After The Conference Board Index Of Consumer Confidence Plunged To Its Lowest Reading In 14 Months And Its Third Straight Decline. “An increase in Social Security taxes is leaving Americans with less take-home pay — and a more negative outlook for the U.S. economy. The Conference Board said Tuesday that its index of consumer confidence plunged 8.1 points in January from December to 58.6. That’s the lowest reading in 14 months and the third straight decline.” (Martin Crutsinger, “US Consumers Less Optimistic After Tax Increase,” The Associated Press, 1/29/13)