unemployment increases
Unemployment is low, and has not greatly increased recently.
It was lower under Clinton.
It also dropped during Reagan's time in office. It went up under George Bush 41, but he increased taxes.
Under Reagan, the unemployment rate went from 7.6% to 9.7% and then back down to 5.5% during his last couple of years. I hardly find that impressive.
mediamatters.org
job production is not very strong, manu. employment declines
Job production has been fairly strong, manufacturing output has increased, and as for manufacturing employment its been decreasing for a long time, and the decrease is a world wide phenomenon, and as I pointed out before is also in many ways a good thing.
And yet its decreased much faster under Bush II, Bush I and Reagan, than under Clinton. Why?
As for unemployment going over 10% under Reagan, that was near the beginning of his term and was probably a necessary part of unraveling the mess he inherited.
No it wasn't. It was 7.6% when he entered the presidency. It gradually increased to 9.7% before its started coming back down.
Volcker brought the massive inflation of the 70s under control. Reagan support the effort, and also cut taxes, simplified taxes (unlike either Bush), and deregulated, helping to turn the economy around from its previous mess. By the time he left office unemployment was not much over 5%.
It was 5.5%. Clinton also inherited a mess and managed to get unemployment under 4%. |
