Gloating over the high number of unemployed
Counting the Cost
The unemployment rate has hovered above 8 percent for several months, most recently holding ground at 8.2 percent; the same as last month.
Meanwhile the African American unemployment rate went up, technically to 14.4 percent, and we all know that means the real rate is even higher—in excess of 25 percent.
Republican presidential candidate Mitt Romney interrupted his vacation to gloat about the number of Americans who are experiencing misery, and his gloating might be at least somewhat amusing were this not the same man who says he likes to fire people.
The 8.2 percent unemployment is not in President Barack Obama’s best interest. Many who are feeling the misery and pain are open to an alternative, even if it is one as muddled and confused as candidate Romney who doesn’t support healthcare reform, but pushed a plan similar to the one President Obama passed. This man has so talked out of his mouth, that a simple reel of his contradictory quotes would make it clear how confused, or deliberately deceiving he is.
The good news for President Obama is that the lower the unemployment rate goes, the better his chances for re-election.
The better news for President Obama is that many people don’t snap into campaign mode until after Labor Day. People want jobs, to be sure, but the summer numbers even if they are level, don’t alarm everyone. The employment reports that our president has to pay the most attention to are those released Sept. 7 and Oct. 5. This is when Republicans will get all cranked up and suggest that President Obama can’t handle the fractured economy he inherited.
Can the unemployment rate drop? Well, if Republicans would pass the American Jobs Act, an actual plan for employment, it might. It is in the interest of the nation’s unemployed, but not in the interest of Republican chicanery for the American Jobs Act to be passed. In some ways, Republicans are starving their constituents to thwart President Obama.
Similarly, when state and local governments have to lay people off because their budgets are tight, the federal government has previously stepped in to help. Part of the recovery funds (from the American Recovery and Reinvestment Act of 2009) went to state and local governments, some of which turned the money down in the interest of fiscal conservatism. There the Republicans go again, hurting their constituents to thwart President Obama.
Part of the reason Republicans can get away with this is because no one is pressuring them. Just like the Tea Party has pushed these people to the right, somebody needs to push them back to center. The Tea Party has virtually obliterated the notion of a moderate Republican, but there must be some out there, and what has to happen is that somebody needs to push back.
The African American community has to push too. While few of us are Republicans, many of us live in districts with Republican representation. These representatives need to hear from us, and from our neighbors, not always African American. And these representatives need to hear from our mayors, not always Democratic, who can pressure them to do the right thing by cities.
Meanwhile, Republicans fiddle while Rome burns because no one has called them on it. Whenever Romney says President Obama has no plan, somebody needs to remind him of the American Jobs Act. Whenever Romney starts babbling about healthcare, someone ought to throw Massachusetts in his face. And when the braying bunch of bobbleheads who call themselves the Tea Party get worked up over the economy, we need to ask them, how many people in your family are unemployed; how much Social Security does your mama have, don’t your kids have student loans, does everyone in your family have healthcare? Fueled by race matters and rhetoric, working-class White people are organized for Romney, someone who would cut education, healthcare and Social Security and put those “savings” into military spending and tax cuts for the wealthy. In other words, and not for the first time, working-class White people are working against their own economic interests.
Meanwhile, if House Republicans want to move an economic agenda that helps some 14 million unemployed people, perhaps they can see their way clear to pass the American Jobs Act. We don’t need all the Republicans, maybe just a third of them, and I’ll wager that perhaps that many have sense enough to see that which their leader, John Boehner (R-Ohio) does not. In any case, let’s make it plain. The unemployment rate is stagnant because Republicans have failed to act.
Julianne Malveaux is a D.C.-based economist and author.
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Unemployment rates were “little changed” in March 2013; they were either holding steady or dropping by a tenth of a percentage point or so. The unemployment rate dropped from 7.7 to 7.6 percent representing a steady, if painstakingly slow, decrease. This declining unemployment rate was reported with some circumspection because even as the rate dropped, nearly half a million people left the labor market, presumably because they could not find work.
When unemployment rate data were released on Friday morning, commentators replied joyfully. Alan Krueger, who heads the White House Council of Economic Advisors (CEA), described the creation of 247,000 jobs as a victory, since the predictions were that the economy would only generate 170,000 jobs.
Unemployment rates went down to 7.7 percent, while predictions were that they would only drop to 7.8 percent. Some might call this good news, but many might wonder who is affected by this good news.
How will African American people improve our situation in 2013? Right now, we have higher unemployment than any other population in our nation, less wealth, higher school dropout rates, and more crime in our communities.
We have learned that African American unemployment rates stayed level last month with an absurdly high official unemployment rate of 14.1 percent.
Unemployment rates for African American men fell, while those for African American women rose. These rates are way too high and understate the extent of pain that exists in the African American community.
The unemployment rate is falling for the third month in a row, and in December about 200,000 private sector jobs were created. The monthly unemployment report from the Bureau of Labor Statistics indicated that unemployment has declined by six-tenths of a percentage point since August. Already, some economists are saying we can expect another decline next month.