That's five years for those of you in Rio Linda.
Today's report from the BLS shows unemployment falling to 7.0% from 7.3%, quite a drop, with an average level of job creation monthly in the last year rising to 195,000 in November or 2.34 million in the last year.
Part-time for economic reasons is down to 7.7 million, while for non-economic reasons is up not even 300,000 in the last year (seasonally adjusted). Obviously the purported ObamaCare effect is not showing up. An important reason why the government can't measure the asserted phenomenon is because people who are working fewer than 35 hours are already classified as part-time by the BLS. If they get reduced to 29 hours because of ObamaCare, SO WHAT? They are still part-time, just as they were working 30, 32 or 34 hours.
The real test for the part-timing of the nation is in average hours worked, which continue flat to rising modestly in the last year. There simply haven't been enough workers reduced in hours to impact this measure. Isolated industries may be heavily impacted, but overall workers are not . . . at least not yet.
Still, unemployment under Obama sucks big time, now worse than under Reagan and therefore the worst record for a sixty month run in the post-war.
Reagan's average report, December 1980 to December 1985 (61 months): 8.3% unemployment.
Obama's average report, December 2008 to November 2013 (60 months): 8.7% unemployment.
