Some Unemployment Rate History For Perspective!

Courtesy of Staci, great catch.

REAGANOMICS IN ACTION
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How long did it take Reagan to reduce the unemployment rate to below 8%?

01/1981 – Unemployment rate 7.5% …. Reagan sworn in.
02/1981 – 7.4%
03/1981 – 7.4%
04/1981 – 7.2%
05/1981 – 7.5%
06/1981 – 7.5%
07/1981 – 7.2%
08/1981 – 7.4% * Reagan CUTS taxes for top 1% and says unemployment will DROP to 6.9%.
09/1981 – 7.6%
10/1981 – 7.9%
11/1981 – 8.3%
12/1981 – 8.5%

01/1982 – 8.6%
02/1982 – 8.9%
03/1982 – 9.0%
04/1982 – 9.3%
05/1982 – 9.4%
06/1982 – 9.6%
07/1982 – 9.8%
08/1982 – 9.8%
09/1982 – 10.1%
10/1982 – 10.4%
11/1982 – 10.8% * Unemployment HITS a post WW2 RECORD of 10.8%.
12/1982 – 10.8% * Reagan’s approval rating slips to 35%.

01/1983 – 10.4%
02/1983 – 10.4%
03/1983 – 10.3%
04/1983 – 10.3%
05/1983 – 10.1%
06/1983 – 10.1%
07/1983 – 9.4%
06/1983 – 9.5%
07/1983 – 9.4%
08/1983 – 9.5%
09/1983 – 9.2%
10/1983 – 8.8%
11/1983 – 8.5%
12/1983 – 8.3%

01/1984 – 8.0%
02/1984 – 7.8%

It took Reagan 28 MONTHS to get unemployment rate back down below 8 percent.

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