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.
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5 comments:
Mmmm , almost afraid to call it a culture thing!(which it is)
Nooo, 6:34. It was coming off a liberal democrats regime and changing policy. Remember jimmy carter or were you not born yet?
17500 created, ________ lost.
I'm sorry, there is a missing number here.
Will somebody please fill it in?
Truth is hard.
Progressive liberal FAIL. (as always)
Average is not the appropriate statistic to use here, since outlier months have a huge effect on either president's numbers.
Median is the more appropriate test statistic. I don't know what it is, but the mean is fairly useless out of context like this.
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