Tuesday, July 4, 2017
Employers immediately panicked after Obama was elected, shedding jobs by the millions
From November 2007 through October 2008, there were 19.6 million first time claims for unemployment.
Not good, but nothing like what followed.
Immediately after Obama was elected, the figure jumped by over 52% in November 2008 and never looked back. For the first twelve months after Obama's election, jobless claims jumped by 56% to 30.6 million.
The average per month jumped from 1.6 million per month to 2.6 million.
And in the first eight months since Trump was elected?
The average is 1.1 million per month.
Happy Independence Day!