State Of The Union: Unemployment, Economy, Voter Approval Index
The U.S. unemployment rate was 9.7 percent for May. There are currently about 15 million Americans unemployed. Were it not for the addition of 413,000 temporary Census 2010 workers, hired by the federal government, the rate would be about 10 percent.
The private sector added 41,000 new jobs in May. 31,000 of which were temporary worker jobs. Those that the government have counted as unemployed have been unemployed for an average of 34.4 weeks. 46 percent have been unemployed for 24 weeks or longer and 60.7 percent have been unemployed for 15 weeks or longer.
There are approximately 1.2 million new workers entering the job market each month.
When retired workers and workers that have left the work force for whatever reason are figured into the equation it requires the creation of more than 200,000 new jobs per month just to absorb those workers entering the work force for the first time.
The latest U.S. trade deficit figures (for April) show that the U.S. imports $40.3 billion more in goods and services than it exports. This is up $0.3 billion from $40 billion in March. The goods deficit with China increased from $16.9 billion in March to $19.3 billion in April.
Real gross domestic product (GDP) stood at 3 percent in the first quarter of 2010. Down 2.6 percent from the 2009 fourth quarter of 5.6 percent. The 2.6 percent decline in GDP was a result of a sharp slowdown in inventory investment and a slowdown in export growth, residential housing, and business investment in equipment and software.
According to the latest Rasmussen Reports survey of likely voters, 27 percent of voters strongly approve of the way President Obama is doing his job and 42 percent strongly disapprove giving Obama a minus 15 percent voter approval rating.
65 percent of voters and likely voters say that the country is better off if the entire congress is thrown out this November. In May, the number of adults nationwide identifying themselves as Democrats fell nearly one percentage point to tie the lowest level on record. Republican candidates now hold a nine-point lead over Democrats on the Generic Congressional Ballot for the week ending Sunday, June 6.
While solid majorities of Democrats and Republicans support their own party, the plurality (42%) of voters not affiliated with either major party now prefer the Republican candidate, while 18% like the Democrat. These findings have remained fairly consistent for months now. That’s up slightly from a week ago and broadly consistent with weekly results from the past year.
56 percent of U.S. voters say their views on illegal immigration are closer to those of Arizona Governor Jan Brewer than to the views of President Obama.
64 percent believe the federal government by failing to enforce immigration law is more to blame for the current controversy over Arizona’s new statute than state officials are for passing it. 79 percent of voters believe the U.S. military should be used on the country's southern border to stop illegal immigration from Mexico.
58 percent of voters favor repeal of the health care bill while 35 percent are opposed to repeal.
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