SOTU FACT CHECK: ECONOMY – UNEMPLOYMENT

10.4 Million Americans Are Currently Unemployed. (Bureau Of Labor Statistics, Accessed 1/23/14)

13.1 Percent Of Americans Are Either Unemployed, Marginally Attached To The Workforce Or Working Part-Time For Economic Reasons. (Bureau Of Labor Statistics, Accessed 1/23/14)

Under Obama, The Labor Force Participation Rate Declined To A 36 Year Low Of 62.8 Percent In December 2013. (Bureau Of Labor Statistics, Accessed 1/23/14)

  • FLASHBACK: The Labor Force Participation Rate Was 65.7 Percent When Obama Became President. (Bureau Of Labor Statistics, Accessed 1/23/14)

Huffington Post Headline: “Unemployment Is Falling For All The Wrong Reasons” (Mark Gongloff, “Unemployment Is Falling For All The Wrong Reasons,” The Huffington Post, 1/10/14)

528,000 Manufacturing Jobs Have Been Lost Since Obama Became President. (Bureau Of Labor Statistics, Accessed 1/23/14)

721,000 Construction Jobs Have Been Lost Since Obama Became President. (Bureau Of Labor Statistics, Accessed 1/23/14)

Today, 18-34-Year-Olds Account For 46 Percent Of All Unemployed Americans. (Bureau Of Labor Statistics, Accessed 1/23/14)

The Average Weeks Unemployed Has Nearly Doubled Since Obama Became President – From 19.8 Weeks In January 2009 To 37.1 Weeks In December 2013. (Bureau Of Labor Statistics, Accessed 1/23/14)

“Almost 4 Million People Have Been Out Of Work For More Than Six Months, Three Times The Pre-Recession Average.” (David J. Lynch, “Obama Can’t Shake Economy’s Downside Amid Signs Of Growth,” Bloomberg, 1/23/14)

  • “One-Third Of Black Men Aren’t Even In The Labor Force, The Highest Mark Since Records Began In 1972.” (David J. Lynch, “Obama Can’t Shake Economy’s Downside Amid Signs Of Growth,” Bloomberg, 1/23/14)
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    This is relevant.
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