Although Bruce and I have different styles and do put different spins on things, it is often uncanny how certain issues strike us simultaneously. Just as I was beginning a post on the jobs numbers, linking a piece by the American Enterprise Institute’s (AEI) James Pethokoukis, I find that Bruce had just posted on the numbers linking a piece by that very AEI blogger.
Bruce concludes his post contrasting the robust Reagan recovery with its anemic Obama counterpart. In the Pethothoukis post I caught, the blogger provided the details of that contrast:
Job growth during the three-year Obama recovery has averaged just 75,000 a month for a total of 2.7 million. During the first three years of the Reagan Recovery, job growth averaged 273,000 a month for a total of 9.8 million. If you adjust for the larger U.S. population today, the Reagan Recovery averaged 360,000 jobs a month for a three-year total of 13 million jobs.
Read the whole thing! Via Glenn Reynolds who was one of many conservative and libertarian bloggers who linked the above, referencing that post in one of his two roundups on the job numbers, the other here.
Lots of good stuff in both detailing just how bad this recovery is — and explaining why.