economy, and blame? the President of the United States, Barack Obama?
|
|
economy, and blame? the President of the United States, Barack Obama?
You tell me:
Average annual unemployment rate for George W. Bush
Year..............Average
2001.............. 4.8
2002.............. 5.8
2003.............. 6.0
2004.............. 5.5
2005.............. 5.1
2006.............. 4.6
2007.............. 4.6
2008.............. 5.8
Now Obama ...
2009...............9.5January 7.8% inauguration
2010...............9.6
2011...............9.0
2012...............8.1
Job gains averaged 181,000 per month in 2012, far less than the at least 250,000 that economists say is needed to significantly reduce the ranks of unemployed.
Why Over 8% Unemployment Could Lie Ahead: Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.: http://www.cnbc.com/id/100467373
2013...............8.5January 7.8% inauguration [7.9% by month's end]
2014...............9.2
2015...............10.0
2016...............10.2
"The economy must add 13.3 million jobs over the next three years -- 375,000 jobs each month -- to bring the unemployment rate down to 6% [equal to Bush's worst year], notes economist Peter Morici. That means GDP growth must be running at a 4% to 5% pace, not the pathetic -0.1% rate it’s running at now, a pace that has been trending downhill since 2011."
http://www.foxbusiness.com/government/2012/10/05/real-unemployment-rate/
"U.S. GDP Contracts for First Time Since 2009 "
"The U.S. economy unexpectedly contracted in the fourth quarter of 2012, marking the first decline since 2009, according to an advance estimate from the Commerce Department."
http://www.foxbusiness.com/index.html
Nope and the debt relates to unemployment how?
well, something needs to be done. most dems agree.
Bookmarks