Jobs and the economic recovery
Courtesy of the House Democratic Leadership, here is a handy chart that compares the rate of job losses from the last year of the Bush administration with those in the first year under Obama. It’s not hard to see that the rate of losses is slowing now. Today’s unemployment numbers showed as much, dropping back down below 10 percent.While it is true that the overall unemployment rate edged higher under Obama than it was under Bush, the rate of job losses peaked while Bush was in office, and has been going down (with a few hiccups along the way) since Obama took over.
H/T: TPM
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