Friday, July 4, 2014

Unemployment for Other Presidents

++Just out of curiosity, I looked into the presidents who were missing in the previous post.

++JFK-- 4.8%
++Ford--7.8%
++Carter--7.5%
++George H.W. Bush--7.2%

++Now you know where the meme that any President with an unemployment rate above 7.2% never was re-elected came from. Of course, President Obama has inherited an economy collapsing with a 7.8% at his election in 2008.

++The post-WWII Presidents with the best employment records were Harry Truman,Kennedy/Johnson, and Bill Clinton. Republican presidents tended to be worse, with the regular ones averaging about 5.5% unemployment.

++President Obama may well be on target to beat the 5.5% rate after the worst recession since the Great Depression. 

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