“Now, this morning, we learned that our businesses created another 223,000 jobs last month. (Applause) The unemployment rates now down to 5.3 percent. (Applause) Keep in mind, when I came into office, it was hovering around 10 percent. All told we’ve now seen 64 straight months of private sector job growth, which is a new record. (Applause) 12.8 million new jobs all told...” (Applause)If only it were true.
When Obama came to Office, the unemployment rate was 7.5%; not hovering around 10. Also, he promised that, with the stimulus, we would be at 5.3% three years ago in 2012. Oh, and by the way. His stimulus plan was supposed to keep the unemployment rate below 8%. Instead, it went to 10. In support of those projections, he submitted this chart that has been annotated with red data points to reflect the actual data:
Lastly, as to 64 months of jobs creation being a new record? It was a very long and painful time to get to this point. Not something I personally would think that President Obama should be bragging about.
Obama On June Jobs Report: https://grabien.com/story.php?id=31596
Chart Source 1: http://www.aei.org/publication/the-awful-awful-august-jobs-report/
Another Chart: http://www.rpc.senate.gov/policy-papers/the-obama-stimulus-three-years-of-failure
Employment Report January 2009: http://www.bls.gov/news.release/archive/empsit_02062009.pdf
Employment Report March 2010: http://www.bls.gov/news.release/archives/empsit_04022010.pdf
Employment Report June 2015: http://www.bls.gov/news.release/pdf/empsit.pdf