Extreme Liberal's Blog

Where Liberalism Is Alive and Well!

Some Unemployment Rate History For Perspective!

Courtesy of Staci, great catch.

REAGANOMICS IN ACTION
——————————————-
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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August 30, 2010 - Posted by | Politics |

4 Comments »

  1. During the Reagan years, unemployment was anyone who was unemployed. Now you are no longer unemployed if you drop off the unemployment rolls. It is far worse today than what the numbers say. Reagan inherited the disaster known as the Carter legacy, 21% interest rates, collapse of the steel industry, no housing market.

    It did take Reagan time to bring the unemployment under 8% but that may be something Obama never sees except in the first months of his reign. He took over an unemployment of 7.6% where Reagan inherited 10.2%.

    Comment by atlanta ralph | August 31, 2010 | Reply

  2. Reagan inherited a 7.5% rate, not 10.2.

    Comment by ExtremeLiberal | August 31, 2010 | Reply

  3. All this teaches me is that Obama is no better than reagan. One international terrorist for another, new boss same as the old boss, etc

    Comment by Fint | August 31, 2010 | Reply

    • Kind of weird how people learn different things from numbers.

      Comment by ExtremeLiberal | August 31, 2010 | Reply


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