Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A comprehensive, collaborative elections resource." 
Email: Password:

  Unemployment Rate Down 0.5% in 56 Months Since Obama Became President
NEWS DETAILS
Parent(s) Issue 
ContributorScott³ 
Last EditedScott³  Sep 06, 2013 05:42pm
Logged 0
CategoryNews
AuthorMichael W. Chapman
News DateFriday, September 6, 2013 11:00:00 PM UTC0:0
Description"Over the last 56 months – since Barack Obama became president in January 2009 --unemployment has dropped 0.5%, from a rate of 7.8% in January 2009 down to 7.3% in August 2013, according to the latest numbers from the Bureau of Labor Statistics (BLS).

During those 56 months, the unemployment rate rose substantially to a high of 10% in October 2009 and stayed in the high 9% range for 2010 and much of 2011. In January 2012, the unemployment rate was 8.3%. It crept down to 7.8% in December 2012, exactly what it was when Obama was inaugurated (and George W. Bush left office).

That rate has stayed in the mid-7% range so far in 2013 and is at 7.3% for August, according to the BLS data.

The unemployment rate has not fallen below 7.3% in the last 5-plus years.

The seasonally adjusted BLS data, released today, is for all U.S. workers ages 16 and older."
Share
ArticleRead Full Article

NEWS
Date Category Headline Article Contributor

DISCUSSION