The Obama-conomy
| President Obama’s First Inauguration | President Obama’s Second Inauguration | Change | |
| Long-Term Unemployed1 | 2.7 Million | 4.8 Million | +78% |
| Workforce Dropouts2 | 50.1 Million | 54.6 Million | +10% |
| Food Stamp Recipients3 | 22.8 Million | 46.6 Million | +104% |
| Price of Gas4 | $1.85 | $3.30 | +78% |
| “High Unemployment” States5 | 22 | 39 | +77% |
| Misery Index6 | 7.83 | 9.46 | +21% |
| “Typical” Monthly Family Food Cost7 | $974 | $1,023 | +5% |
| Median Value of Single-Family Home8 | $196,600 | $186,100 | -5% |
| Rate of Mortgage Delinquencies9 | 6.65% | 10.77% | +62% |
| U.S. National Debt10 | $10.6 Trillion | $16.4 Trillion | +55% |
1 “Long-term unemployed” means for over 26 weeks; data for January 2009 and December 2012.
2 "Workforce Dropouts” are working age individuals aged 16-64 not in the labor force, not seasonally adjusted; data for December 2008 and December 2012.
3 “Food Stamp Recipients” means average annual participation in the Supplemental Nutrition Assistance Program (SNAP), formerly called food stamps; data for Fiscal Years 2008 and 2012. 4 Average retail price per gallon, in real dollars, January 2009 week 3 and January 2013 week 2.
5 “High unemployment” means having a 3-month average unemployment rate of 6% or higher. From the Bureau of Labor Statistics’ “Extended Benefits Trigger Notice” for January 18, 2009 and January 13, 2013.
6 The “Misery Index” equals unemployment plus inflation. 7 According to the U.S. Department of Agriculture, these values represent monthly “moderate” cost per family of four for January 2009 and November 2012, in real dollars. 8 U.S. median sales price of existing single-family homes for metropolitan areas for 2008 and 2012 Q3.
9 Residential mortgage delinquencies (real estate loans) for 2008 Q4 and 2012 Q3.
10 Values for January 21, 2009 and January 16, 2013.
2 "Workforce Dropouts” are working age individuals aged 16-64 not in the labor force, not seasonally adjusted; data for December 2008 and December 2012.
3 “Food Stamp Recipients” means average annual participation in the Supplemental Nutrition Assistance Program (SNAP), formerly called food stamps; data for Fiscal Years 2008 and 2012. 4 Average retail price per gallon, in real dollars, January 2009 week 3 and January 2013 week 2.
5 “High unemployment” means having a 3-month average unemployment rate of 6% or higher. From the Bureau of Labor Statistics’ “Extended Benefits Trigger Notice” for January 18, 2009 and January 13, 2013.
6 The “Misery Index” equals unemployment plus inflation. 7 According to the U.S. Department of Agriculture, these values represent monthly “moderate” cost per family of four for January 2009 and November 2012, in real dollars. 8 U.S. median sales price of existing single-family homes for metropolitan areas for 2008 and 2012 Q3.
9 Residential mortgage delinquencies (real estate loans) for 2008 Q4 and 2012 Q3.
10 Values for January 21, 2009 and January 16, 2013.
http://waysandmeans.house.gov/news/documentsingle.aspx?DocumentID=317292
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