Another Obama bounce: Unemployment up to 9% 

From today’s Department of Labor Employment Situation Summary:

Nonfarm payroll employment rose by 244,000 in April, and the unemployment rate edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today.

Today’s report again demonstrates how weak the Obama Recovery is compared to the Reagan Recovery. 22 months into President Reagan’s economic recovery, unemployment had fallen 3.5 points from a high of 10.8% in December 1982 to 7.3% in September 1984.

By contrast unemployment was at 9.4% when the most recent recession ended in July 2009 and has fallen only .4 points to 9% today, 22 months later.

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Conn Carroll

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