NO AMERICAN (Legal) BELIEVES THE UNEMPLOYMENT LEVEL IS BELOW
7%. IF YOU’RE AN AMERICAN OVER 50, IT’S TWICE THAT. IF YOU’RE A BLACK AMERICAN
IT IS THREE TIMES THAT FIGURE.
AND YET OBAMA CONTINUES TO ASSAULT THE AMERICAN WORKER TO
EASE MORE ILLEGALS INTO OUR JOBS AND INTO THE DEMOCRAT PARTY!
Fed projects
high US unemployment into 2015
By CHRISTOPHER
S. RUGABER | Associated Press – 50 mins ago
WASHINGTON
(AP) — The Federal Reserve foresees
unemployment remaining high into 2015, suggesting it will keep short-term
interest rates near record lows at least until then.
In
its latest economic forecasts released Wednesday, the Fed predicts that the
unemployment rate will stay above 6.5 percent for about two more years. Fed
policymakers also expect the economy to grow modestly this year and next
despite economic gains so far in 2013.
The
Fed's updated forecasts are nearly identical to projections it made in
December. The Fed has said it plans to keep its benchmark rate near zero as
long as unemployment exceeds 6.5 percent and the inflation outlook is tame.
The
policymakers expect the economy to grow as little as 2.3 percent this year —
not enough to quickly drive down unemployment — or as high as 2.8 percent. In
2014, growth could range from 2.9 percent to 3.4 percent in 2014, they predict.
The
Fed has slightly upgraded its outlook for unemployment. It now sees the rate
falling to between 7.3 percent and 7.5 percent by the end of this year. That's
down from a previous range of 7.4 percent to 7.7 percent.
The
rate fell to 7.7 percent in February, the lowest in four years.
By
the end of 2014, the Fed expects the rate to fall between 6.7 percent and 7
percent. That's a narrower range than in December, when it forecast a range of
6.8 percent to 7.3 percent.
*
WHO IS OBAMA’S LATEST LA RAZA FASCIST
FOR SECRETARY of LABOR?
*
THE REALITY OF OBAMA’S
IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET
PAYMASTERS HAPPY AND GENEROUS!
"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."
*
DURING BARACK OBAMA’S FIRST TERM, 2/3s OF ALL
JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL.
IT’S ALL ABOUT MAKING BILLIONAIRES BY KEEPING
WAGES DEPRESSED.
Silicon Valley Poverty Is Often Ignored By The Tech Hub's Elite
*
AMERICANS
(LEGALS) HAND THEIR JOBS OVER TO ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS,
PAY FOR THE ANCHOR BABY BREEDING = 18 YEARS OF WELFARE, AND CRIME TIDAL WAVE…
but have NO vote in amnesty?
BUT THE DEMS
ARE REALLY NOT CONCERNED ABOUT AMNESTY PASSING AS OBAMA WILL CONTINUE
NON-ENFORCEMENT UNTIL ILLEGALS ARE VOTING FOR THEIR OWN LA RAZA WELFARE STATE
like MEXIFORNIA!
AMERICANS
SAY NO TO AMNESTY!
Obama's 'Hispanicazation' of America
THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!
"We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers," said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. "President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws."
Obama and Justice Sotomayor Vow to
Illegals to SABOTAGE E-verify!
VIVA LA RAZA SUPREMACY?
“What employers really want in
many cases by hiring immigrants is to hold down wage costs, experts say.”
UNDER OBAMA, TWO-THIRDS OF JOBS
GO TO HIS PARTY BASE OF ILLEGALS!
“At
the hearing, Dr. Rakesh Kochar, Associate Director for Research at the Pew
Hispanic Center, testified that in the year following the official end of the
recession (June 2009), foreign-born workers gained 656,000 jobs while
native-born workers lost an additional 1.2 million jobs.”
"We
have a situation where the job market — the bottom fell out, yet we kept legal
immigration relatively high without even a national debate," he said.
"As a consequence, a lot of the job growth has been going to
immigrants."
Mr.
Obama did take action this year to grant many illegal immigrants up to 30 years
of age a tentative legal status that prevents them from being deported and
authorizes them to work in the United States.
Some
Republicans in Congress have criticized Mr. Obama's policy, saying it violates
his powers and will mean more competition for scarce jobs.