Under Obamacare, 31 Straight Months of Employment Under 59 Percent
12:15 PM, Nov 2, 2012 • By JEFFREY H. ANDERSON
The newly released October jobs numbers reveal that, since President Obama signed Obamacare into law in March 2010, we have now gone 31 consecutive months in which fewer than 59 percent of Americans have been employed. The Obama administration’s own Bureau of Labor Statistics compiles such tallies, which it publishes as the employment-population ratio. That ratio shows the percentage of Americans who are at least 16 years old, aren’t in the military or institutionalized, and are employed.
Since Obama spearheaded Obamacare’s passage, the percentage of Americans who are employed has been remarkably steady, ranging from just 58.2 to 58.8 percent. In fact, in the 64 years that the federal government has been keeping tallies on the employment-population ratio, the result has never remained within such a narrow ribbon for a longer period of time. In the 31 months since Obama put his pen to Obamacare’s paper, the jobs picture has been nothing if not consistently bad.
How does 58.8 percent employment (the high watermark for the past 31 months) stack up historically? Well, the last time the employment-population rate was this low — pre-Obama — for even a single month, was during the third year of the Reagan administration. In the 300 months — or 25 years — to follow, spanning February 1984 through January 2009, the percentage of Americans who were employment was always higher than it’s ever been in the 31 months since Obamacare’s passage.
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