Job growth streak
Administration’s claim
The record says tax relief helped fuel six years of uninterrupted economic growth and 52 consecutive months of job growth.
What the record establishes
In current BLS estimates, total nonfarm employment rose for 46 consecutive months, September 2003 through June 2007, then dipped in July 2007, so the 52-month streak is not reproduced in the current benchmark vintage. Employment peaked at 138.4 million in December 2007 and was 134.1 million in January 2009, 1.4 million above January 2001. Unemployment was 4.2% in January 2001, rose to 6.3% in June 2003, fell to 4.4% in late 2006 and 2007, and was 7.8% in January 2009. The six-year growth claim and the link to tax relief were not tested for this edition.