Human Events
Jobs figures and growth rates show economy in decline
By Donald Lambro
8/9/13 

WASHINGTON — Another weak jobs report came out last week, drawing yawns from Democrats, excuses from the White House, and shallow, incomplete reporting from the network news shows. 

President Obama has just finished a string of speeches on jobs and the economy, issues that pollsters say are the voters’ biggest concerns, but failed to offer any new ideas about how to deal with them. 

He traveled around the country repeating the same old ideas he’s pushed since 2009: public works spending for roads, bridges and other infrastructure. They are failed ideas that didn’t work before and won’t work now. 

The bleak reality is that the Obama economy, which was growing at a snail’s-pace in his first term, is slowing down even more in his second. 

Economic growth, as measured by our gross domestic product, grew at a barely breathing 1.4 percent annualized rate in the first six months of this year. That’s down from 2.5 percent over the same period in 2012. This isn’t just a statistic: It’s the falling pulse rate of the U.S. economy. 

The Labor Department’s employment report last Friday showed the economy added a minuscule 162,000 jobs in July, out of a labor force of about 160 million Americans. A large number of these jobs were in temporary, part-time, low-paying work, and nowhere near levels needed to bring unemployment down to more normal levels... 

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