{"id":9934,"date":"2011-06-03T09:22:45","date_gmt":"2011-06-03T13:22:45","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=9934"},"modified":"2011-06-03T09:22:45","modified_gmt":"2011-06-03T13:22:45","slug":"obamanomics-unemployment-rises-to-9-1","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/9934\/obamanomics-unemployment-rises-to-9-1\/","title":{"rendered":"Obamanomics:  Unemployment Rises to 9.1%"},"content":{"rendered":"<p>This morning, the Labor Department <a href=\"http:\/\/bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\">announced<\/a> that the U.S. unemployment rate climbed again to 9.1% this month, up from 9.0% in April.\u00a0 Just as alarmingly, the net number of jobs created was only 54,000, down from 232,000 in April.\u00a0 In addition to deteriorating from the previous month, both numbers fell well below the expectations of economists, who <a href=\"http:\/\/online.wsj.com\/article\/SB10001424052702303657404576363141468371956.html?mod=WSJ_hp_LEFTTopStories\" target=\"_blank\">had anticipated<\/a> a decline in the unemployment rate to 8.9%, and 160,000 net new jobs.\u00a0 This also means that in the 27 months since Obama signed his unprecedented government spending &#8220;stimulus,&#8221; unemployment has only climbed from 8.2% to 9.1%, even though the Administration <a href=\"http:\/\/otrans.3cdn.net\/45593e8ecbd339d074_l3m6bt1te.pdf\" target=\"_blank\">projected<\/a> that he would have it down to 6.5% by now.\u00a0 By way of comparison, in the same 27 months following the effective date of President Reagan&#8217;s tax cuts in January 1983, unemployment plummeted from 10.4% to 7.3%.\u00a0 The facts speak volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning, the Labor Department announced that the U.S. unemployment rate climbed again to 9.1% this month, up from 9.0% in April.\u00a0 Just as alarmingly, the net number of jobs created was only 54,000, down from 232,000 in April.\u00a0 In addition to deteriorating from the previous month, both numbers fell well below the expectations of [&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":[914,143,562,19,102,27,1072,24,14,61,179,18],"class_list":["post-9934","post","type-post","status-publish","format-standard","hentry","category-posts","tag-2012-presidential-election","tag-barack-obama","tag-economics","tag-economy","tag-free-market","tag-jobs","tag-labor-department","tag-obama","tag-president-obama","tag-spending","tag-stimulus","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9934","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=9934"}],"version-history":[{"count":2,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9934\/revisions"}],"predecessor-version":[{"id":9940,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/9934\/revisions\/9940"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=9934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=9934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=9934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}