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Jobs Report Shows How Weak Obama's Economy Is

1/11/2014

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From Investors Business Daily:

6.3 million: Net new jobs created since Obama's recovery started in June 2009
13.8 million: New jobs that would have been created had Obama's kept pace with the average of the previous 10 recoveries.

3.6%: Growth in private jobs since Obama took office.
43%: Growth in the number of temp jobs.

91.8 million: Number of people not in the labor force as of December.
525,000: Increase since November.
11.2 million: Increase since Obama took office.

6.7%: Jobless rate 54 months into Obama's recovery.
5.1%: Unemployment rate 54 months into George W. Bush's "jobless" recovery.

13.1%: Jobless rate in Dec. using a broader measure — U6 — which includes people marginally attached to labor force or working part time for economic reasons.
9.2%: Average U6 rate in Bush's eight years in office.

26%: Share of adults who say at least one household member is unemployed, based on IBD/TIPP Poll data.
10%: Share who say a household member had work hours cut because of ObamaCare.

3.9 million: Number of people who've been jobless 27 weeks or more in December.
2.7 million: That number when Obama took office.

37 weeks: Average length of unemployment in Dec.
20 weeks: Average length when Obama took office.

861,000: Number of discouraged workers in Dec.
734,000: Number when Obama took office.

58.6%: Current employment-to-population ratio.
61%: Ratio when Obama took office.
62%: Average employment-to-population ratio in the 30 years before Obama took office.

$1,006: Drop in median household income during the 2007-09 recession.
$2,535: Drop in median income after the recession ended in June 2009, according to Sentier Research.




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