Originally Posted By: Ted Schefelbein
Chris,
Your first source points out that unemployment was near 8% when the Amateur took office, and later peaked at 10%. It stayed there for two years.

Best,
Ted


Yes Ted, you are 100% correct.

https://markets.businessinsider.com/news...s-been-steady-1

When President Barack Obama took office in January 2009 during the height of the Great Recession, the unemployment rate was near 8% and it went up to 10% and stayed there for nearly 2 years.

However, I am confident that you looked at more then just 11% of that graph detailing this information and would agree with me that in 2009, the unemployment rate, under President Obama's predecessor, President George W. Bush, had already risen buy a fairly steep slope from 4.5% in 2007 to 8% in January 2009 when President Obama took over.

It is also noteworthy that by mid 2010, a year and half into President Obama's 1st term, the unemployment rate started to drop from the high of 10%, and continued drop precipitously until he left office where it was at 4.5 % precent again. It seems from that graph that there was an average 1% drop in the rate per year after 2010.

It does seem that, according to the game graph you made your astute observation from, that although the unemployment rate is still declining, the rate of decline in the unemployment rate has slowed under trump since January of 2017.

I would also note that your original statement was that there was negative job growth or a net loss of jobs under President Barack Obama. I had asked for your source on that so I could review it. I have not received that yet. As your premise is inconsistent with the factual information I have provided you, do you still stand by it, and if you do, would you please provide a source for it?

Best to you as well.

Last edited by nca225; 01/22/20 10:08 PM.

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