President Obama’s popularity is plummeting, with more U.S. voters disapproving of his job than approve it, according to a recent poll.
More than half of U.S. voters believe he is performing badly in his role as the country’s leader compared to 48 per cent last month.
And although Obama has predicted unemployment will continue to drop, nearly all voters – 94 per cent – say the economy is in bad shape.
Unpopular: Obama, pictured speaking about jobs during a tour of a building renovation near the White House earlier this month, is losing favour among voters
He announced during a television interview that the number of people out of jobs could drop to eight per cent by next year’s election – the lowest since he moved into the White House in 2008.
‘I think it’s possible,” Obama told CBS’s 60 Minutes in an interview set to air on Sunday.
Read more: http://trade.cc/oxt
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Selling perfume at Macy’s this winter?
Landing that bar back job at the local pub?
Stocking grocery inventory part time?
Yeah, part time and seasonal work at 1990’s salaries with real cost of inflation IS FANTASTIC JOB CREATION THERE HOBOama.
No Thanks!
And if all of the unemployed give up looking for work the unemployment rate wil be 0%.
Now that is true economic prosperity.
At the rate it dropped last month, I’m sure someone has run the numbers and figured out they can get it sub 8% by election time having created less than 100k jobs per month.
Obama is betting that they will not extend unemployment benefits. My understanding of this is that by not extending benefits, people will quit looking for work as required by receiving unemployment. They will therefore cease to be included Labor Force Civilian Participation Rate, which means that the unemployment rate will drop, as long as the economy continues to produce 50K-100K jobs a month. It is trickery, pure and simple, but if this happens, he may be proven correct.
The true tell is average hours worked and labour force participation rate – when those are declining then a decline in unemployment rate is meaningless.
The big 0 giving signals again?