Comparing Labor Market Data in 1996 and 2008
Democrats on the Economy in 1996:
“Our economy is the healthiest it has been in three decades.” (President Bill Clinton, State of the Union Address, January 23, 1996)
Democrats on the Economy in 2008:
“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)
| 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 |
H/T The Corner
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