OBAMANOMICS’ THIRD QUARTER REPORTCARD-3

“Obama Is On Track To Have The Worst Jobs Record Of Any President In The Modern Era”

  • “Unless The Economy Turns Around In The Next 18 Months, Obama Is On Track To Have The Worst Jobs Record Of Any President In The Modern Era. That Would Be An Accurate Statement.” (Glenn Kessler, “Rick Perry’s Claim That Obama Has ‘Killed More Jobs’ Than Any Other President,” The Washington Post’s “The Fact Checker,” 8/22/11)
  • ABC News: “The Fact That No Net New Jobs Were Added In August Was Another In A String Of Disappointments For The Economy.” (Lyneka Little, “U.S. Employers Add No New Jobs In August,” ABC News, 9/2/11)
  • Rates Of Long-Term Unemployment “Are Unprecedented In The Post-World War II Era” With 31 Percent Of Unemployed Workers Jobless For Over A Year,  “On average, 44 percent of workers who were unemployed in the first half of 2011 had been jobless for more than six months. Moreover, in mid-2011, 31 percent of unemployed workers had been jobless for at least a year. Those rates of long-term unemployment are unprecedented in the post–World War II era.” (“The Budget And Economic Outlook: An Update,” Congressional Budget Office, 8/24/11)

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