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Wednesday, September 19, 2012

BLS: Obama Unemployment Rate Above 8% Longer Than Any Other President Since 1948

 Excluding January 2009, the month when Barack Obama was inaugurated, unemployment has stayed above 8 percent, which is longer than under any other administration since the Bureau of Labor Statistics (BLS)  started measuring the monthly jobless rate: Over 8 percent for 43 months during Obama compared to a total of 39 months above 8 percent between 1948 and 2008.
Over the course of 50 years, the unemployment rate in the United States  was above 8 percent for a total of 3 years and 3 months; under Obama alone, the rate has been above 8 percent for 3 years and 7 months.
Also, no other president presided over three consecutive years of average annual unemployment of more than 8 percent before Obama, according to the BLS data.
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2 comments:

  1. The Obama regime policies may work in the Soviet Union or Africa but not,,,,, Oopsy!
    They FAILED there too!
    When will people learn, Marxism is a proven failure everywhere.

    ReplyDelete
  2. because giving out food stamps makes it harder to not work!

    ReplyDelete

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