unemployment forecast chart
Reagan’s unemployment went up for two years. How much time do you give a President to make changes?
Reagan, the Conservative beacon, had an unemployment rate of 7.5% when he entered office in January 1981. Two years later in December 1982, it was 10.8%.
Source: http://www.forecast-chart.com/chart-unemployment-rate.html
It appears that you may need to give a President time for his policies to take hold. How much time do you give him? (Or does that depend on party and partisanship?)
The double standard is ridiculous. Just like with health care reform. There’s also apparently a deafening silence on the positive signs in the economy. The stock market close 20% up for the year and housing has improved some.
Repeat after me people… LAGGING ECONOMIC INDICATOR. That is what all ALL ALL economists say employment is. It’s the last thing to come back after an economic collapse… in this case one that was worse than originally thought.
And for the record small job loss of 11,000 was revised to a small increase of 4,000. That’s the first payroll gain since December 2007. Little steps.
HR Management: Planning & Forecasting
