... Unemployment was 7.5 percent when Jimmy Carter was inaugurated in 1977.We didn't have '10% unemployment' until the 'Reagan Revolution'. We had it more than once - along with two recessions -- during the revolution.
JIMMY CARTER - The jobless rolls dropped to 5.6 percent in May 1979 and saw little fluctuation from 5.7 to 6 percent for more than a year. Recession brought a 7.8 percent rate in July 1980. The rate then began a decline that left it at 7.4 percent when Ronald Reagan assumed the Presidency last year.
RONALD REAGAN - The 10.1 percent rate for September is the highest since the Depression, exceeding the 9.9 percent annual average for 1941. In the first months of the Administration, there was little movement in the rate. But in September 1981 it jumped 0.3 percentage points to 7.6 percent, and since then it has risen steadily. It stood at 8.5 percent at the end of the President's first year in office and 9.8 percent in both July and August of this year. October 9, 1982
Somebody should remind these revisionists that the facts have been recorded.
