Thursday, January 16, 2014

Promise zones instead of jobs?

Obama's retread speeches are snooze-worthy, the income gap, class envy, "investments" (aka more taxes) in promise zones (with Democrats in trouble)--anything to avoid the elephant in the room--Obamacare. How does raising the minimum wage and allowing illegal immigrants to stay in the country help unemployed black youth, whose work prospects are already dismal? The unemployment rate in December fell because of the numbers leaving the labor force and disproportionately for blacks, "with the labor force participation rate for African Americans dropping by 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977."

http://www.pbs.org/newshour/businessdesk/2014/01/unemployments-slow-drip-top-economists-on-the-2013-jobs-record.html

FT_13.08.202_BlackWhiteUnemployment

http://cnsnews.com/news/article/ali-meyer/unemployment-among-black-youth-393-higher-national-rate

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