I laugh every time someone tells me how this administration has “helped” unemployment.
Past U.S. Unemployment Statistics
- 2015 – May 5.5%
- 2014 – January: 6.6% – Retail lost 12,900 seasonal workers since the holiday shopping season disappointed. Second, health care lost 6,000 jobs, after losing 4,000 in December. The lower rate was surprising, since more people went back into the labor force, and the participation rate improved to 63%.
- 2013: 6.7% -The rate remained above 7% until December, when it fell to 6.6%. Meanwhile, the stock market rose by nearly 30% as businesses reported strong earnings.
- 2012: 7.9% - Discouraged workers returned to the labor force, keeping the rate above 8% until right before the Presidential elections. The threat of the fiscal cliff suppressed job growth for the rest of the year.
- 2011: 8.5% - Nearly half of the unemployed had been so for six months or more.
- 2010: 9.3% - Unemployment remained stubbornly above 9.3% the entire year.
- 2009: 9.9% – Unemployment peaked at 10% in October, the first time it it double digits since the 1982 recession
Pres Obama took office here
- 2008: 7.3% - The rate was only 5.0% in January, but quickly rose to 7.3% by year end.
- 2007: 5.0% - Unemployment remained below 5% until December, giving no clue of the impending recession.
Now, with the military branches cutting personnel at the cyclic rate, these numbers will increase significantly. Not to mention your military will continue to be bare bones. many "argue" this administration has decreased the unemployment rate. Ok, ya from when he took office and shot it up to 9% (thanks for that by the way) but it still isn't below the previous administrations numbers and its about to grow again. Wow, great improvements/change…. Time for a C-Gar