Economic Recovery? We'll Take Reagan's, Thanks

This past July’s dismal jobs report was no outlier. Job gains during the Obama recovery have been slow at best.

If monthly job gains going back to 1946 are ranked in order of best to worst, the difference between job growth during the first four years of economic recovery under President Ronald Reagan and Obama is astounding. Total job growth during the first four years of the Obama recovery has been 4,657,000 or just 97,020 jobs per month. That's not even enough to hit the breakeven level of 150,000 jobs per month when population growth is taken into account. (video after break)

Now, contrast that with the Reagan recovery. That generated a total of 11.2 million new jobs or 233,333 per month, more than enough to put people back to work. Reagan's best job month garnered the very top ranking since WWII with 1,114,000 jobs added in September 1983. A single month with more than a million jobs added. So far Obama can only wish for such a total.

 

Read the entire analysis at CNS News: http://www.cnsnews.com/mrctv-blog/julia-seymour/economic-recovery-monthly-job-gains-top-100-reagan-12-obama-2

Mike Ciandella
Mike Ciandella
Mike Ciandella is a staff writer for the Media Research Center's Business & Media Institute.