Friday, April 11, 2008

Interesting Statistics on the Economy

The Corner on National Review Online So, what do the Democrats think about an unemployment rate of 5%? I guess you could say that it depends.
Key Labor Market Statistics in 1996 and 2008
  March 1996 March 2008
1. U.S. Unemployment Rate 5.5% 5.1%
2. Number of Long-Term Unemployed 1.33 million 1.28 million
3. Average Weeks Unemployed 17.3 weeks 16.2 weeks
4. Median Weeks Unemployed 8.3 weeks 8.1 weeks
5. Not in Labor Force because discouraged over job prospects 451,000 401,000
6. Democrats calling for Extended Unemployment Benefits? No Yes
7. President’s Party Affiliation Democrat Republican
So is it really the "worst jobs record since Herbert Hoover," as Senator Charles Schumer says? Or is that just election-year propaganda? [via Small Dead Animals]

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