Economic Recovery Dead Last in Job Creation since WWII
Texas Insider Report: WASHINGTON D.C. The final economic report of the Obama presidency is in. Its official on job creation President Obamas recovery ranks dead last in modern times said U.S. Cong. Kevin Brady (R-TX) 
Vice Chairman of the Congressional Joint Economic Committee. His failure over four years to achieve merely an average recovery means 3.7 million more Americans are ... unnecessarily searching for work this morning and our nations budget deficit is twice as high as it needed to be" Brady said.
In a jobs report unaffected by Hurricane Sandy the Bureau of Labor Statistics reported earlier today that the U.S. economy added 171000 nonfarm payroll jobs during October with a gain of 184000 jobs in the private sector.
The unemployment rate increased to 7.9.
Its official on job creation this recovery ranks dead last in modern times said Brady.
Of the ten economic recessions and recoveries lasting more than a year since World War II this recovery ranks last half as strong as the average recovery.Of the ten economic recessions and 
recoveries lasting more than a year since World War II President Obamas ranks last half as strong as the average recovery.
An average recovery would have created 3.7 million additional jobs and a recovery equal to the pace of the Reagan recovery would have generated 6.9 million more jobs over the same period of time said the Joint Economic Committees Vice Chairman.
The reality is that the drop in the unemployment rate since it peaked in October 2009 at 10 has less to do with the economy improving than it has to do with people losing hope and dropping out of the labor market.
The White House had predicted that the unemployment rate would have fallen to 5.4 by this time with the passage of the Presidents stimulus plan. Brady noted
Hurricane Sandy did not affect todays report. The establishment survey which estimates payrolls jobs is based on the pay period that includes the 12th of month.
The household survey which estimates the unemployment rate is based on the week that contains the 12th of the month. Any employment effects of Sandy will appear in next months report.
Brady noted Americas poor recovery is not a matter of time; its a matter of policy. No American 
president in the past 70 years has made poorer policy decisions on the economy than President Obama. The numbers simply dont lie.
If labor force participation had not declined since the President took office the unemployment rate would stand at 10.6 not 7.9 Brady concluded.
