Average Unemployment Rates For US Presidents Since World War II

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Yeah, how is it that Reagan's presidency has been misconstrued by so much myth?

The same way John Wayne is considered the paragon of courage, bravery and virtue.

John Wayne would have shit his pants if he was ever near a real war.

Much the same way, Reagan used to claim he was in Normandy.

It boils down to who can talk tough/build the cult of personality.

Reagan was also helped out by numerous conservative thinkers like Peggy Noonan who were ready to spin their own myth of the man from the very beginning.

Something about our culture makes us love fakers.

What is ironic is the right accuses Obama supporters/the media of only going on personality/image, but even if that were true(its not), then they started it with Reagan.
 
New unemployment figures are out today for the month of April. Unemployment increased from 9.7% in March to 9.9% in April. This causes the average unemployment rate since Obama became President to increase from 9.36% to 9.39%.


Average Unemployment Rates For US Presidents Since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 9.39%
 
So you're going to ignore the basic shittiness that is this thread and pretend you have a valid point?

That's Sting for you...
 
New unemployment figures are out today for the month of April. Unemployment increased from 9.7% in March to 9.9% in April. This causes the average unemployment rate since Obama became President to increase from 9.36% to 9.39%.


Average Unemployment Rates For US Presidents Since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 9.39%

Impeach Now! :panic:
 
Under Communism you can have 0% unemployment all the time did you know?

You should be studying:

- Purchase Power Parity
- Inflation
- Trade balances
- Different levels of unemployment:

Unemployment - Wikipedia, the free encyclopedia

U1: Percentage of labor force unemployed 15 weeks or longer.
U2: Percentage of labor force who lost jobs or completed temporary work.
U3: Official unemployment rate per ILO definition.
U4: U3 + "discouraged workers", or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
U5: U4 + other "marginally attached workers", or "loosely attached workers", or those who "would like" and are able to work, but have not looked for work recently.
U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons (underemployment).

Hidden unemployment

Hidden, or covered, unemployment is the unemployment of potential workers that is not reflected in official unemployment statistics, due to the way the statistics are collected. In many countries only those who have no work but are actively looking for work (and/or qualifying for social security benefits) are counted as unemployed. Those who have given up looking for work (and sometimes those who are on Government "retraining" programmes) are not officially counted among the unemployed, even though they are not employed. The same applies to those who have taken early retirement to avoid being laid off, but would prefer to be working. The statistic also does not count the "underemployed" - those with part time or seasonal jobs who would rather have full time jobs. Because of hidden unemployment, official statistics often underestimate unemployment rates.

This gives a better picture. What if there is a recovery (slow perhaps) and Obama's average unemployment rate improves, will you post this list again? What if people give up looking for work and the average improves superficially? The statistic becomes meaningless for policy purposes.

Portal Seven | U6 Unemployment Rate

chart
 
They were both presidents :shrug:

They were both presidents that increased the social safety net especially healthcare entitlements. The point being that the unemployment rates don't tell you much difference between left and right wing politics and in some cases not even the results because results of policies have lags as well. And even more importantly the public themselves are involved in the economy and not all results can be praised/blamed on government policy alone.
 
the unemployment rate in Washington D.C. is about the lowest in the country.



government, like much of the entertainment industry, is virtually recession-proof.

but blame Obama for that one.



also, jobs increased this month by 244,000 -- the largest since March of 2006.


Excluding Census, jobs increase 224,000; jobless rate rises to 9.9%

AlertEmailPrintShare By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) -- The U.S. added 290,000 jobs in April, the biggest increase since March 2006, with broad gains throughout the economy. Yet the unemployment rate rose.

However, nonfarm payrolls increased by a higher-than-expected 290,000. The employment numbers come a day after one of the most harrowing days ever in the markets, as the Dow on Thursday took a 998.5 point plunge in a five-minute selloff, apparently triggered by a breakdown in trading systems.

Excluding temporary Census workers, nonfarm jobs rose a seasonally adjusted 224,000, the Labor Department said Friday. The unemployment rate ticked up to 9.9% from 9.7% owing to a big increase in the labor force. Read the full report on the Bureau of Labor Statistics' Web site.

Nearly all of the job growth, minus Census workers, took place in the private sector. Government employment was basically flat.

http://www.marketwatch.com/story/us...ril-jobless-rate-99-2010-05-07?dist=countdown




just sayin' is all. it really sucks that Obama is turning the country around, i know, but facts are facts i guess.
 
Under Communism you can have 0% unemployment all the time did you know?

You should be studying:

- Purchase Power Parity
- Inflation
- Trade balances
- Different levels of unemployment:

Unemployment - Wikipedia, the free encyclopedia



This gives a better picture. What if there is a recovery (slow perhaps) and Obama's average unemployment rate improves, will you post this list again? What if people give up looking for work and the average improves superficially? The statistic becomes meaningless for policy purposes.

Portal Seven | U6 Unemployment Rate

chart


So you're going to ignore the basic shittiness that is this thread and pretend you have a valid point?


BVS and Purpleoscar:

You are on opposite ends of the discussion but both reasonable people looking at the facts and pointing out the flaws in the original premise of the thread.

However, you have both violated a MAJOR rule of the original poster, which is never inject sense into an attempt to hit Obama/defend Bush with out of context statistics that say nothing of what their policies did.
 
government, like much of the entertainment industry, is virtually recession-proof.

but blame Obama for that one.



also, jobs increased this month by 244,000 -- the largest since March of 2006.






just sayin' is all. it really sucks that Obama is turning the country around, i know, but facts are facts i guess.

The facts are also out of bounds with this poster.

Only out of context statistics not explained or interpreted will do.

You can't mention that Obama inherited 500-600K job losses per month and has brought that number down to 0 and reversed it to +39K in Feb, +230K in March and +290K in April(including the census).

Context is not allowed.
 
That's enough piling on, U2387. In case you didn't know, you can now ignore entire threads. I suggest using that function for the OP's threads.
 
New unemployment figures are out today for the month of May. Unemployment decreased from 9.9% in April to 9.7% in May. Despite the decrease, the average unemployment rate since Obama became President increases from 9.39% to 9.41%.


Average Unemployment Rates For US Presidents Since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 9.41%
 
This is more detailed:

Economy adds 431K jobs but few in private sector - Yahoo! Finance

Economy adds 431K jobs but few in private sector
Private hiring weak as census jobs lift payrolls by 431,000, jobless rate dips to 9.7 pct.


Jeannine Aversa, AP Economics Writer, On Friday June 4, 2010, 10:17 am
WASHINGTON (AP) -- Job creation by private companies grew at the slowest pace since the start of the year, as a wave of census hiring lifted payrolls by 431,000 in May. The unemployment rate dipped to 9.7 percent as people gave up searching for work.

The Labor Department's new employment snapshot released Friday suggested that outside of the burst of hiring of temporary census workers by the federal government many private employers are wary of bulking up their work forces.

That indicates the economic recovery may not bring relief fast enough for millions of Americans who are unemployed.

Virtually all the job creation in May came from the hiring of 411,000 census workers. Such hiring peaked in May and will begin tailing off in June.

By contrast, hiring by private employers, the backbone of the economy, slowed sharply. They added just 41,000 jobs, down from 218,000 in April and the fewest since January.

"Although the economic outlook is improving, the recovery is still pretty tepid," said Paul Ashworth, senior U.S. economist at Capital Economics.

President Barack Obama acknowledged that temporary census jobs drove the overall payroll gain. But he said private sector hiring is growing. He noted five straight months of job gains after devastating losses from the recession. He said the recovery is still in its early stages, and that it will be uneven in the months ahead.

"Things never go completely in a smooth line," Obama said during a speech Friday. "This report is a sign that our economy is getting stronger by the day."

However, the weakness in private hiring rattled Wall Street. Stock tumbled and bond prices rose, as investors sought the safety of U.S. Treasurys. The Dow Jones industrial average fell about 175 points in early trading.

The unemployment rate, which is derived from a separate survey than the payroll figures, fell to 9.7 percent from 9.9 percent. The dip partly reflected 322,000 people leaving the labor force for a variety of reasons.

All told, 15 million people were unemployed in May.

Counting people who have given up looking for work and part-timers who would rather be working full time, the "underemployment" rate fell to 16.6 percent in May from 17.1 percent in April. That reflected fewer people forced into part-time work. Still, the high underemployment figure shows how difficult it is for jobseekers to find work.

The number of people out of work six months or longer reached 6.76 million in May, a new high. They made up 46 percent of all unemployed people, also a record high.

Employers across a range of industries last month added jobs at a slower pace -- or cut them. Factories, professional and business services, leisure and hospitality companies, and education and health care firms all slowed hiring. Financial services, construction companies and retailers all pared jobs. Government, however, led the way in hiring, adding a whopping 390,000 positions last month.

Job gains in April were the same as first reported, while payrolls in March were slightly less -- 208,000 versus 230,000.

The prospect of persistently high unemployment is likely to prevent consumers from going on the kinds of shopping sprees they typically do during early phases of recoveries. That's a key reason why this recovery isn't as energetic as those usually seen in the past.

Workers did see wages rise modestly last month.

Nationwide, average hourly earnings rose to $22.57, from $22.50 in April. However, inflation was nibbling into paychecks. Over the past 12 months, wages rose 1.9 percent, while inflation was up 2.2 percent.

The unemployment rate in October hit 10.1 percent, a 26-year high. Some analysts think it could go a bit higher and peak at 10.2 or 10.4 percent by June. However, that's lower than some forecasts earlier this year of 11 percent.

About 125,000 new jobs are needed each month just to keep up with population growth and prevent the unemployment rate from rising.

Hiring isn't expected to be consistently strong enough to quickly drive down the unemployment rate this year. Economists think the rate will remain above 9 percent by the November midterm elections. That could make Democratic and Republican incumbents in Congress vulnerable.

Only 20 percent of Americans consider the economy in good condition, according to an Associated Press-GfK Poll conducted in mid-May.

Chrysler LLC said and Ford Motor Co. last month announced plans to hire as auto sales have risen. But others are still laying off workers. Hewlett-Packard Co. said this week it is cutting 9,000 jobs in its technology services division. And chocolate-maker Hershey Co. may cut 600 jobs.
 
New unemployment figures are out today for the month of May. Unemployment decreased from 9.9% in April to 9.7% in May. Despite the decrease, the average unemployment rate since Obama became President increases from 9.39% to 9.41%.


Average Unemployment Rates For US Presidents Since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 9.41%

This sort of superficial shock and awe attack is exactly what the conservatives do in australia. They pander to the sensibilities of the 'average joe' offering them shocking data that is uinterpreted, un-contextualised and basically wrong. Over here, we have actually managed to get our budget projections into surplus 6 years ahead of schedule since the GFC. Our government avoided a major recession. But still the opposition play their base-level media game by making shock announcements about irresponsible spending and high taxes.

If the conservatives weren't all just one-trick ponies, then maybe you could engage people in real conversations about the statistics you put up. Instead, you resign yourself to ridicule and scorn because of your painfuly transparent and woefully underthought logic.

Shame
 
New unemployment figures are out today for the month of June. Unemployment decreased from 9.7% in May to 9.5% in June. Despite the decrease, the average unemployment rate since Obama became President increases from 9.41% to 9.42%.


Average Unemployment Rates For US Presidents Since World War II:

01. Lyndon Johnson: 4.19%
02. Harry Truman: 4.26%
03. Dwight Eisenhower: 4.89%
04. Richard Nixon: 5.00%
05. Bill Clinton: 5.20%
06. George W. Bush: 5.27%
07. John Kennedy: 5.98%
08. George H.W. Bush: 6.30%
09. Jimmy Carter: 6.54%
10. Ronald Reagan: 7.54%
11. Gerald Ford: 7.77%
12. Barack Obama: 9.42%
 
Do you not read your own posts:

Yep, and I just was confirming that the increase of .01 was do to just that one month.

You simply stated he has had an increase of .01 and then questioned what Bush's increase was, which suggest you did not understand that the increase was simply do to the addition of a single month of new data.
 
Yep, and I just was confirming that the increase of .01 was do to just that one month.

You simply stated he has had an increase of .01 and then questioned what Bush's increase was, which suggest you did not understand that the increase was simply do to the addition of a single month of new data.

"since Obama became President increases from 9.41% to 9.42%. "

Since Obama became President it has only increased .01%? Isn't that what your statement says?
 
"since Obama became President increases from 9.41% to 9.42%. "

Since Obama became President it has only increased .01%? Isn't that what your statement says?

No it doesn't. Were talking about the Average Unemployment rate for each President. With a current sitting President like Obama, this average will change each month when a new unemployment report is published. It won't be until Obama finishes his term that you will have a firm total.


Here is the list, with all the months that Obama has been President showing the average unemployment rate under him. It changes with each month as new unemployment data is added:

OBAMA
2009
January 7.77%
February 7.95%
March 8.17%
April 8.35%
May 8.56%
June 8.72%
July 8.81%
August 8.93%
September 9.02%
October 9.13%
November 9.21%
December 9.28%
2010
January 9.31%
February 9.34%
March 9.36%
April 9.39%
May 9.41%
June 9.42%

Remember the above list is the average unemployment rate while Obama is in office as the start of each month, NOT the actual unemployment rate for the country in that particular month!

So with January as the starting point, your first figure for the Obama administration would be 7.77%. So nearly 18 months later, Obama's average has increased from 7.77% to 9.42%, although the first month is not really an average since it is just one month of data.

Under Bush, the average unemployment rate during his 96 months in office was 5.27%. During Obama's first 18 months in office, his average has been 9.42% which is about an 80% increase over the average during Bush's 96 months in office. Obama has at least 30 more months in office, 78 months if he is elected to a second term.
 
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