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President Barack Obama

Records Set on Obama's Watch

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Unemployment rate under President Barack Obama

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NEW YORK (CNNMoney) — There are far more jobless people in the United States than you might think.

While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth.

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May jobs report show that the economy still sucks

June 4, 2012

Employers added just 69,000 jobs in May, about half of what was expected, and the unemployment rate ticked up to 8.2 percent, the government said Friday in an awful jobs report that offered incontrovertible evidence that the U.S. economy is slowing sharply. Read more:

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Is the surprising drop in the unemployment rate good for Comrade Obama?

December 5, 2011

NEW YORK (CNNMoney) — The November jobs report contains some undeniably good news for President Obama, but the White House should keep the champagne on ice for now.

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Number of Americans living in poverty higher than previously reported

November 7, 2011

There were more than 49 million Americans living in poverty in 2010, under an alternative measure released by the Census Bureau Monday. That’s 16% of the nation, higher than the official poverty rate of 15.2%. The official rate, released in September, showed 46.6 million people living in poverty.

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According to Census, more Americans are living in poverty, up to 1993 level of 15.1 percent in 2010

September 13, 2011

Amid a still struggling economy, more Americans fell below the poverty line last year, according to new census data released Tuesday. The nation’s poverty rate rose to 15.1% in 2010, its highest level since 1993. About 46.2 million people are considered in need. Read the full article at

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