Employment Is Worse than During the Recession
$16T in debt, he pits American vs American, GDP growth is almost non existent, unemployment is a disgrace, yet he continues to lead in National Polls. When will America wake up and hold this guy accountable.
In fact, for an amazing 38 consecutive months, the percentage of Americans who are employed has been lower than the percentage who were employed during the recession. According to the BLS, the low-water mark for employment during the recession was 59.4 percent, while the high-water mark for employment during the “recovery” has been 59.3 percent. That’s right: When it comes to the percentage of Americans who are employed, every month of the “recovery” has been worse than any month of the recession.
The real measure for any president leading an economic recovery is how quickly the economy returns to “normal” — how long it takes for the jobs deficit to be eliminated. The table clearly shows that, far from filling the jobs-deficit hole, Obama’s policies have only deepened it.
When Obama took office in January 2009, the jobs deficit was 5.5 million. The jobs deficit then worsened dramatically through the summer of 2011, eventually exceeding 11.2 million. The economy showed some life in late 2011 and early 2012 but then started sliding backward again with a series of dismal monthly economic reports. The disappointing September report from the Bureau of Labor Statistics indicates that the jobs deficit has climbed again to 11.2 million — twice the deficit Obama inherited.