Bush Unemployment at 5.0%- Bad… Clinton Unemployment at 5.4%- Good
Something you will never hear from the mainstream news…
The average unemployment rate during the Bush years is running lower than during the Clinton years.
Numbers from US Misery Index
June 7, 1996– Here is how the mainstream news (Dan Rather) reported that the unemployment rate jumped up to 5.6%:
“The government came out today with its latest report on unemployment. It says the unemployment rate rose slightly, 2/10ths of a point last month, up to 5.6 percent – still low overall. And the numbers, pure and simple, can be misleading. Economics correspondent Ray Brady tonight has the story behind them.”
Hiring practically stalled in December, driving the nation’s unemployment rate up to a two-year high of 5 percent and fanning fears of a recession.
Employers last month added the fewest new jobs to their payrolls in more than four years, according to the employment report released Friday by the Labor Department. The report showed that employment conditions are deteriorating, strained by a housing slump and credit crunch that are sapping economic strength.
“The economy is getting hit by some body blows. The big question is whether the economy can withstand it or will it take a fall,” said Ken Mayland, president of ClearView Economics.
UPDATE: Here’s CNN’s headline today:
“Jobs weak, unemployment soars”
Since when is a 5% unemplyment rate described as soaring?
MORE… The clueless call this a disaster.