U2Edge
Gold Member
- Sep 15, 2012
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- #621
How many Presidents were able to drop the unemployment rate 4% during their presidency?
Lol ! Are you sure you wanna go with that ?
Who wouldn't?
We gage a president on what they were given and what they did once they took office. Dropping unemployment 4% is outstanding
Its easy to drop the unemployment rate when people leave the work force. If the labor Force Participation rate were still as high as was on average under Bush at 66%, the unemployment rate would be over 10% right now. People who leave the labor force are not counted in the figures and there are millions of them. The labor force Participation rate is now at 62.8%, the lowest its been since 1977, nearly 40 years ago. It also marks the first major sustained drop in the labor force participation rate since numbers started being recorded in 1948.