CBS News anchor Scott Pelley seemed ecstatic that many discouraged, longterm unemployed, who had quit looking for a job, had now reentered the workforce. Okay, but they were still unemployed.
The economy created a paltry 192,000 last month out of a potential workforce of 160 million Americans. That's far below what is needed to bring the unemployment rate down to more normal, full employment levels of 5 to six percent.
But here's the stuff the nightly news left out of its reports or played down: Manufacturing lost 1,000 jobs. While the construction sector gained 19,000 employes, "most new positions were in lower paying activities" or in temp jobs, University of Maryland business economist Peter Morici points out.
Hourly earnings also dropped, he noted, "indicating good jobs continue to be scarce."
Last year, the Obama economy grew by only 1.9 percent and the first three months of this year may turn in an even poorer performance.
If you combine the millions of Americans who say they have given up looking for work, with those who are in part-time jobs but need full-time, the underemployment rate is nearly 13 percent.
The Gallup Poll does its own daily tracking jobs survey and it puts the underemployment rate at jaw-dropping 17.3 percent.
The numbers the Obama administration reported last week were "consistent with a broadly underperforming economy," Morici says
President Obama and the Democrats know they are going to get clobbered in the November midterm elections because of their dismal performance on economic issues, so they are trying to change the subject.
Instead of coming up with pro-capital investment, pro-job proposals to boost economic growth to 4-5 percent, they are playing politics with the issue of wage-equality for women in the hope of getting them to vote in November.
But the legislation they're pushing won't improve pay for women, and it certainly won't create the jobs they need to climb the economic ladder.
Obama's bill would make employers subject to civil law suits on pay scale issues, creating lots of jobs and fat fees for the Democratic Party's richest political contributors.
"At a time when the Obama economy is already hurting women so much, this legislation would double down on job loss -- all while lining the pockets of trial lawyers," said Senate Republican Leader Mitch McConnell of Kentucky.
"In other words, it's just another Democrat idea that threatens to hurt the very people it claims to help," he said.
There are a number of ways to begin putting America back to work, boosting incomes and getting our economy growing again: Tax incentives for job-creating investment, expanding our exports with trade deals, lifting moratoriums on energy production, and applying the brakes to wasteful, runaway government spending.
But Obama and Democratic leaders oppose all of these proposals. So they've duct-taped together a bogus political package to "give America a raise" and everyone a "fair shot" that won't do either.
Gallup says 42 percent of the Americans they've polled tell them they're "struggling" and another three percent are "suffering."
This fall, Republicans will ask the voters, "Haven't we struggled and suffered enough?"
Losing Jobs Over Ex-Im’s Expiration? Don’t Believe ItLosing Jobs Over Ex-Im’s Expiration? Don’t Believe It | Ed Feulner