Under Reagan unemployment rates rose higher and stayed there for longer than under Obama. Here's the data from the Bureau of Labor Statistics.
Ronald Reagan, President
Recession of 1982-83
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
1982 | 8.6 | 8.9 | 9.0 | 9.3 | 9.4 |
9.6 | 9.8 | 9.8 | 10.1 | 10.4 | 10.8 | 10.8 |
1983 | 10.4 | 10.4 | 10.3 | 10.2 | 10.1 | 10.1 | 9.4 |
9.5 | 9.2 | 8.8 | 8.5 | 8.3 |
Total number of months unemployment was above 9% under Reagan was 19, number of months unemployment was above 10% under Reagan was 10 months.
Barack Obama, President
Recession of 2008-2010
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
2009 | 7.7 | 8.2 | 8.6 | 8.9 | 9.4 | 9.5 | 9.4 | 9.7 | 9.8 | 10.1 | 10.0 | 10.0 |
2010 | 9.7 | 9.7 | 9.7 | 9.9 | 9.7 | 9.5 | - | - | - | - | - | - |
Total number of months unemployment was above 9% under Obama so far has been 14, number of months unemployment was above 10% under Obama was only 3 months, less than one-third the number of months above 10% under Reagan.
3 comments:
Excellent data...Thanks
excellent data...Thanks (I think they are giving Mr. Obama a real bad name. He really is doing a good job, considering the mess we're in!!!)
It is now many months later, and above 9 percent unemployment has lasted much longer in 2009-2011 than it did under Reagan (although 10 percent and higher has not).
Post a Comment