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30 Worst Employment Months In Past 25 Yrs

From the Weekly Standard:

Under Obama: 30 Worst Months of Employment in the Past 25 Years

Jeffrey H. Anderson
May 23, 2012

The federal government’s Bureau of Labor Statistics publishes monthly tallies for the employment-population ratio. That stat shows something rather straightforward: Among those who are living in America and are free to pursue employment, what percentage are employed?

(The bureau excludes those who are under 16 years old, are active-duty military, or are — in the bureau’s own words — “inmates of institutions (for example, penal and mental facilities, homes for the aged),” from its tallies.)

Over the past quarter of a century (a total of 300 months), dating back to May 1987 and the Reagan administration, here are the 30 worst months (that is, the bottom 10 percent) for the employment-population ratio, along with the president who happened to be in office at that particular time (scroll down to the see the list):

1. (tie) July 2011, 58.2 percent, President Barack Obama
1. (tie) June 2011, 58.2 percent, Obama
1. (tie) November 2010, 58.2 percent, Obama
1. (tie) December 2009, 58.2 percent, Obama
5. (tie) August 2011, 58.3 percent, Obama
5. (tie) December 2010, 58.3 percent, Obama
5. (tie) October 2010, 58.3 percent, Obama
8. (tie) April 2012, 58.4 percent, Obama
8. (tie) October 2011, 58.4 percent, Obama
8. (tie) September 2011, 58.4 percent, Obama
8. (tie) May 2011, 58.4 percent, Obama
8. (tie) April 2011, 58.4 percent, Obama
8. (tie) February 2011, 58.4 percent, Obama
8. (tie) January 2011, 58.4 percent, Obama
15. (tie) March 2012, 58.5 percent, Obama
15. (tie) January 2012, 58.5 percent, Obama
15. (tie) December 2011, 58.5 percent, Obama
15. (tie) November 2011, 58.5 percent, Obama
15. (tie) March 2011, 58.5 percent, Obama
15. (tie) September 2010, 58.5 percent, Obama
15. (tie) August 2010, 58.5 percent, Obama
15. (tie) July 2010, 58.5 percent, Obama
15. (tie) June 2010, 58.5 percent, Obama
15. (tie) March 2010, 58.5 percent, Obama
15. (tie) February 2010, 58.5 percent, Obama
15. (tie) January 2010, 58.5 percent, Obama
15. (tie) November 2009, 58.5 percent, Obama
15. (tie) October 2009, 58.5 percent, Obama
29. February 2012, 58.6 percent, Obama
30. (tie) May 2010, 58.7 percent, Obama
30. (tie) April 2010, 58.7 percent, Obama
30. (tie) September 2009, 58.7 percent, Obama

Interestingly, the 30 (or 32, including ties) worst months for employment in the past 25 years have all come after the most recent recession ended, in June 2009. In other words, they’ve all come during the Obama “recovery.”

What’s more, under every other president during the past 25 years (spanning from the later stages of the Reagan presidency through the entire George W. Bush presidency), the employment-population ratio was always over 60 percent — every single month, for 260 consecutive months.

In vivid contrast, with the exception of the month in which he took office (January 2009) and his first full month in office (February 2009), the employment-population ratio under Obama has always been under 60 percent — every single month, for 38 consecutive months. (For 32 consecutive months — from September 2009 to the present day — it’s been under 59 percent.)

In fact, the worst non-Obama month in the past 25 years was December 2008, when the employment-population ratio was 61.0 percent under George W. Bush. Comparatively, Obama’s best month to date (not counting January 2009, when he entered midstream) was his first, February 2009, when the employment-population ratio was 60.3 percent.

In other words, over the past 25 years, the worst month under any other president has beaten the best month under Obama.

Lest we forget, there have been three official recessions in the US since 1987. But somehow the employment to population ratio even during those recessions was still better in every month than during Obama’s ‘recovery.’

How is that even possible?

This article was posted by Steve Gilbert on Thursday, May 24th, 2012. Comments are currently closed.

3 Responses to “30 Worst Employment Months In Past 25 Yrs”

  1. BigOil

    What this analysis illustrates is that our current President has been a transformative success…at wealth redistribution. We now have 58% of the able-bodied working population carrying on their backs the other 42%. Barry’s promise to Joe the Plumber has come to fruition.

  2. Petronius

    Wow. Sort of says it all, doesn’t it?

    The Romney campaign and RNC should fold this data into their ads (along with the debt clock).

  3. Anonymoose

    It’s just too coincidental that the economy collapsed right at election time just as McCain was pulling ahead in the polls. Bush had many failings as a president, but being uncaring and just spending us to oblivion was not one of them. However, that was all the short attention span “independent” voters were thinking as they pulled levers for Obama.

    I don’t think I even need to put on the tinfoil hat to see that this was the best thing that could have happened to put Obama in office—and then what? I’m still of the opinion the past three and a half years has been one long fumble as they try to figure out how to get the economy back on track by taxing the rich and increasing the spending. It’s the worst thing that could have happened for Obama–the economy ultimately decides who’s in office.

    Romney should just go all out on this, I’m tired of Republicans playing nice guys–the media trashes them anyway so give them what they want.


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