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Economic News, Data and Analysis

Bush bragging on historically weak job growth

Jared Bernstein notes that job growth has been weak throughout the recovery….

Bush bragging on historically weak job growth
by Jared Bernstein
President Bush was busy crowing today about the job growth that has occurred on his watch, citing the creation of more that 8 million jobs since August 2003 and “the longest continuous months of job growth on record.”
In fact, while the current business cycle that began in March of 2001 has lasted longer than average, its job growth record has been uniquely weak. Figure A plots job growth over three business cycles that have lasted at least 78 months (the length of the current cycle as of September).
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