CNSNews.com) - The Congressional Budget Office is now projecting that the U.S. economy will never achieve full employment during the eight years Barack Obama serves as president.

That would make Obama the only American president during the post-World War II era who never presided over a year in which the U.S. economy offered full employment to the American people.

The CBO defines “full employment” to be when the national unemployment rate is at or below what it calls the “natural unemployment rate.”

The natural unemployment rate, according to CBO, is the “rate of unemployment arising from all sources except fluctuations in aggregate demand. Those sources include frictional unemployment, which is associated with normal turnover of jobs, and structural unemployment, which includes unemployment caused by mismatches between the skills of available workers and the skills necessary to fill vacant positions and unemployment caused when wages exceed their market-clearing levels because of institutional factors, such as legal minimum wages, the presence of unions, social conventions, or wage-setting practices by employers that are intended to increase workers’ morale and effort.”

In a blog entry published last week, CBO Director Doug Elmendorf said “we think it will take four more years to get back close to full employment.”

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Read more:http://cnsnews.com/news/article/cbo-amer...ent-under-obama

Water is wet.

If congress passes amnesty , you will not see that employment in the next fifty years.

The rules & regulations of starting a small business will keep this country in a downturn for years to come.
Even the ones that own a small business said they would have never be able to "start up" their business if it were during Obama's reign.
He absloutely hates anyone that owns their own business or big corporations that hire hundreds of people.

He's nothing but a community agitator and that's all he'll ever be.

[quoten a blog entry published last week, CBO Director Doug Elmendorf said “we think it will take four more years to get back close to full employment.” [/quote]

In your dreams Doug.

The blue line in the chart below indicates unemployment counting all those in the civilian labor force who are unemployed and employed part time but need full time work, plus those who have been conveniently bumped out of hte civilian labor force and need work: