Please take that statement, and then explain the economic indicators:
America Before President Obama Took Office and Now
|
Before |
Now |
Change |
Number of Unemployed1 |
12.0 Million |
13.1 Million |
+9% |
Long-Term Unemployed2 |
2.7 Million |
5.6 Million |
+107% |
Unemployment Rate3 |
7.8% |
8.5% |
+9% |
“High Unemployment” States4 |
22 |
43 |
+95% |
Misery Index5 |
7.83 |
11.46 |
+46% |
Price of Gas6 |
$1.85 |
$3.39 |
+83% |
“Typical” Monthly Family Food Cost7 |
$974 |
$1,013 |
+4% |
Median Value of Single-Family Home8 |
$196,600 |
$169,100 |
-14% |
Rate of Mortgage Delinquencies9 |
6.62% |
10.23% |
+55% |
U.S. National Debt10 |
$10.6 Trillion |
$15.2 Trillion |
+43% |
1 Number of unemployed in January 2009 and December 2011.
http://www.bls.gov/data/#unemployment.
2 “Long-term unemployed” means for over 26 weeks; data for January 2009 and December 2011.
http://www.bls.gov/data/#unemployment.
3 Unemployment rates in January 2009 and December 2011.
http://www.bls.gov/data/#unemployment.
4 “High unemployment” means having a 3-month average unemployment rate of 6% or higher. From the Bureau of Labor Statistics’ “Extended Benefits Trigger Notice” for January 18, 2009 and January 22, 2012.
http://www.ows.doleta.gov/unemploy/trigger/2009/trig_011809.html and
http://ows.doleta.gov/unemploy/euc_trigger/2012/euc_012212.html.
5 The “Misery Index” equals unemployment plus inflation. For January 2009 and December 2012.
http://www.miseryindex.us/indexbymonth.asp.
6 Average retail price per gallon, January 2009 week 3 and January 2012 week 4.
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W.
7 U.S. Department of Agriculture, values represent monthly “moderate” cost per family of four for January 2009 and November 2011.
http://www.cnpp.usda.gov/USDAFoodCost-Home.htm.
8 U.S. median sales price of existing single-family homes for metropolitan areas for 2008 and 2011 Q3.
http://www.realtor.org/research/research/metroprice.
9 Residential mortgage delinquencies (real estate loans) for 2008 Q4 and 2011 Q3.
http://www.federalreserve.gov/releases/chargeoff/default.htm.
10 Values for January 21, 2009 and January 23, 2012.
http://www.treasurydirect.gov/NP/BPDLogin?application=np.