Posted by
Daniel Crandall on Wednesday, April 09, 2008 3:55:55 PM
For the second time in as many days, I've seen a report about how the economy in 2008, with a Republican in the White House, compares with the economy in 1998, with a Democrat in the White House.
David Freddoso posts this useful table at National Review Online:
| 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 |
I wonder how many in the Main Scream Media will have this information handy when it reports the following:
“The bottom line is that this administration is the owner of the worst jobs record since Herbert Hoover." (Senator Charles Schumer, Press Release, March 7, 2008)
I'm betting on not many.