With a report showing lower-than-expected number of new jobs added to the U.S. economy last month, President Obamahas come to preside over a recovery that is “dead last in the modern era,” Texas Congressman Kevin Brady said Friday on CNBC.
“This is more than just a bad month or the worst quarter in two years. President Obama, which had ranked dead last in economic growth in the past seven years, with today’s job report also ranks dead last when it comes to job creation,” he said on “The Kudlow Report.”
“In fact, his growth is about half of what we’ve come to expect in these recessions,” he added. “And it pales, obviously, of course, to those of President Reagan, whose job growth was 2½ times greater at this same point.”
The Bureau of Labor Statistics said private payrolls increased 84,000, while the government lost 4,000 jobs, CNBC.com reported. Economists expected job growth of about 100,000 and the unemployment rate to be unchanged, though many had increased their forecasts based on some recent indicators.
The unemployment rate remained unchanged at 8.2 percent.