{"id":13360,"date":"2012-03-09T16:14:47","date_gmt":"2012-03-09T21:14:47","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13360"},"modified":"2012-03-09T16:16:12","modified_gmt":"2012-03-09T21:16:12","slug":"unemployment-remains-above-8-for-record-37th-consecutive-month","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13360\/unemployment-remains-above-8-for-record-37th-consecutive-month\/","title":{"rendered":"Unemployment Remains Above 8% For Record 37th Consecutive Month"},"content":{"rendered":"<p>Upon taking office in 2009, the Obama Administration <a href=\"http:\/\/www.time.com\/time\/business\/article\/0,8599,1910208,00.html\" target=\"_blank\">projected<\/a> that its unprecedented government spending &#8220;stimulus&#8221; would prevent unemployment from exceeding 8%, which would occur all the way back in October 2009 and be down to approximately 6% today.<\/p>\n<p>Instead, with today&#8217;s announcement from the Labor Department, <a href=\"http:\/\/bls.gov\/\" target=\"_blank\">unemployment held steady at 8.3% last month<\/a>.\u00a0 That makes 37 consecutive months above the 8% mark the Obama Administration said we wouldn&#8217;t exceed at all, the most since the federal government began keeping records.\u00a0 Moreover, the number of new jobs added is <a href=\"http:\/\/www.bloomberg.com\/news\/2011-10-07\/payroll-gain-probably-failed-to-cut-u-s-unemployment-as-confidence-waned.html\" target=\"_blank\">barely enough to tread water<\/a>, despite Obama Administration celebrations to the contrary.\u00a0 Whereas unemployment <a href=\"http:\/\/data.bls.gov\/pdq\/SurveyOutputServlet\" target=\"_blank\">quickly plummeted<\/a> from 10.8% to 6.7% following implementation of Reagan\u2019s tax cuts, it has increased under Obama from 7.8% to over 10%  and three straight years over 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Upon taking office in 2009, the Obama Administration projected that its unprecedented government spending &#8220;stimulus&#8221; would prevent unemployment from exceeding 8%, which would occur all the way back in October 2009 and be down to approximately 6% today. Instead, with today&#8217;s announcement from the Labor Department, unemployment held steady at 8.3% last month.\u00a0 That makes [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[27,24,3420,18],"class_list":["post-13360","post","type-post","status-publish","format-standard","hentry","category-posts","tag-jobs","tag-obama","tag-record","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13360"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13360\/revisions"}],"predecessor-version":[{"id":13362,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13360\/revisions\/13362"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}