Unemployment: On the way to recovery
by Alejandro Esquino Gomez on Aug 31, 2014 | Views: 450 | Score: 3
| Unemployment Rate in the United States | |
|---|---|
| 2004 | 5.5 |
| 2005 | 5 |
| 2006 | 4.7 |
| 2007 | 4.7 |
| 2008 | 5.8 |
| 2009 | 9.5 |
| 2010 | 9.5 |
| 2011 | 9 |
| 2012 | 8.2 |
| 2013 | 7.3 |
| 2014 | 6.2 |
Data is from July of the given year
Percent Unemployed older than 16 years
Sources:
data.bls.gov
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From the data, unemployment spiked in 2009 and 2010; the two years after Bush left office. This could be expected in the aftermath of an administration with such poor fiscal policies. While Obama receives a lot of heat for the condition of our nation's economy, the data is undeniable. The last four years have shown a great decline in unemployment.