BLS: Obama Unemployment Rate Above 8% Longer Than Any Other President Since 1948
September 19, 2012
Originally posted on Scotty Starnes's Blog:
Obamanomics is a complete, expensive failure!
(CNSNews.com) – Excluding January 2009, the month when Barack Obama was inaugurated, unemployment has stayed above 8 percent, which is longer than under any other administration since theBureau of Labor Statistics (BLS)started measuring the monthly jobless rate: Over 8 percent for 43 months during Obama compared to a total of 39 months above 8 percent between 1948 and 2008.
Over the course of 50 years, the unemployment rate in the United States was above 8 percent for a total of 3 years and 3 months; under Obama alone, the rate has been above 8 percent for 3 years and 7 months.
Also, no other president presided over three consecutive years of average annual unemployment of more than 8 percent before Obama, according to the BLS data.