The Obama White House really hopes you remain as ignorant as possible about recent American history. That is especially true when they announce monthly job numbers, like those that came out yesterday. The Labor Department has announced that 175,000 jobs were created in February. The U6 unemployment rate - the real unemployment rate that includes the underemployed and those who have given up looking - was 12.6 percent.
Now the White House wants you to think that 175,000 is a good job creation number. It's not. But if you don't ave historical context in which to view the number, you might not recognize that. So let’s put the 175,000 jobs in perspective.
During Ronald Reagan’s first term, the average per-month newly created jobs was 233,000. That wasn't a phenomenal month that prompted them to throw a celebration. It was the average. And keep in mind that the population of the United States 30 years ago was 81 million less than it is today. That means we were a 25 percent smaller country, so you would expect the job creation numbers of that era to trend smaller as a result.
Mmmm , almost afraid to call it a culture thing!(which it is)
ReplyDeleteNooo, 6:34. It was coming off a liberal democrats regime and changing policy. Remember jimmy carter or were you not born yet?
ReplyDelete17500 created, ________ lost.
ReplyDeleteI'm sorry, there is a missing number here.
Will somebody please fill it in?
Truth is hard.
Progressive liberal FAIL. (as always)
ReplyDeleteAverage is not the appropriate statistic to use here, since outlier months have a huge effect on either president's numbers.
ReplyDeleteMedian is the more appropriate test statistic. I don't know what it is, but the mean is fairly useless out of context like this.