The UE rate was hovering near 8% when Bubba took office. While trending to the bad, 5.1% is still pretty good.
“The UE rate was hovering near 8% when Bubba took office.”
I was trying to find some statistics about unemployment rates in 2000-2001 but everything I ran across sounded like it was a Clinton press release:
“http://money.cnn.com/2000/05/05/economy/employ/ May 5, 2000
NEW YORK (CNNfn) - The U.S. unemployment rate tumbled to a 30-year low of 3.9 percent in April, the government reported Friday, as worker-starved companies raised wages and went on a hiring spree that created 340,000 new jobs.
A sizzling economy in its record ninth year of expansion added 340,000 jobs outside the farm sector last month, the Labor Department said. That’s well above Wall Street expectations of 325,000, but below the upwardly revised 458,000 the month before.
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http://www.ded.mo.gov/researchandplanning/indicators/unemp/unemp-nov2000.stm
The national unemployment rate for November 2000 was 4.0%, a slight increase from last month’s rate of 3.9%.