Unemployment rate (7.8%) on Obama's 2013 inauguration will be the same as it was on his 2009 inauguration.—
Ellen Carmichael (@ellencarmichael) January 04, 2013
This looks familiar … vaguely familiar.
The unemployment rate was 7.8 percent when President Savior took the reins from George W. Bush in 2009. Obama even promised that failing to improve the economy would make him a one-term president.
Well, this is what economic progress looks like: The December labor numbers are out and the unemployment rate is … wait for it … 7.8 percent as the president prepares for his second inauguration.
Second verse, same as the first.
And if there’s anything the Obama administration knows about, it’s Biden’s favorite three-letter word: J-O-B-S.
As always, Jim Pethokoukis breaks down the U.S. Bureau of Labor Statistics numbers:
But let’s compare apples to apples.
Sheesh. Can’t we just mint a trillion new jobs or something?
More analysis from Jim Pethokoukis here:
And for the record, BLS was pretty darn close to rounding that unemployment number up to 7.9 percent.