The Washington Times
  • Subscribe
  • Times News Services
  • RSS
  • Mobile Headlines
  • e-edition
  • E-MAIL ALERTS
  • REGISTER
  • LOG IN
  • E-MAIL ALERTS
  • WELCOME
  • Your Profile
  • Log Out
  • Front Page Image
  • Classifieds
  • Autos
  • Real Estate
  • Jobs
  • Special Sections
  • Customer Service
  • Home
  • News
  • Opinion
  • Sports
    • NFL
    • NBA/WNBA
    • MLB
    • NHL
    • Tennis
    • Golf
    • Motorsports
    • Soccer
    • NCAA
    • Olympics
    • Outdoors
    • Other
  • Culture
    • Home & Living
    • Family & Kids
    • Fashion
    • Food
    • Travel
    • Health
    • Washington Visitors
    • Books
    • Military History
    • Life
    • Auto
    • TV Listings
    • Movie Listings
    • Death Notices
    • Entertainment
  • Themes
  • Communities
  • Marketplace
    • Autos
    • Jobs
    • Real Estate
    • Classifieds
    • Shopping
    • Dining Out
    • Education
    • TWT Store
  • Videos
    • Two Guys
    • Birnbaum on Washington
    • Liz Glover
    • Amanda Carpenter
    • Morning Briefing
    • Documentaries
    • Joe Giganti
    • Video Game Minute
  • Podcasts
    • About Headlines
    • Audio and Radio
    • America's Morning News
  • Sports

    Defensemen carry offense in Caps' win

  • Commentary

    Pelosi's new payroll tax

  • World

    Militants bomb Pakistan intelligence hub

  • National

    Pastor gets 175-year sentence for sex crimes

  • National

    Moon strikes reveal significant water

  • Business

    September trade gap widened 18.2%

  • National

    Five 9/11 suspects to be tried in NYC

Home » News » Election

Thursday, March 13, 2008

Republicans, joblessness and elections

Rate this story

Average 0.00
after 0 votes
Login or register to rate this story

  • Font Size -+
  • Print
  • Email
  • Comment
  • Tweet this!
  • Share
  • Article
  • Comments ()
  • Click-2-Listen
  • Videos

More Election Stories

  • D.C. sniper's son: 'My own man'
  • Need for Republican unity seen as election lesson
  • Huckabee: Election results prove widespread dissatisfaction
  • Maine voters reject gay-marriage law

By

The employment numbers for recent months strongly suggest that presumptive Republican nominee John McCain and his congressional colleagues will face huge political problems this year.

Most worrisome is the fact that private-sector nonfarm employment fell by more than 100,000 jobs in February, a development that led many fence-sitting economists to finally predict that a recession was imminent, if one had not already begun. Indeed, noting that private-sector payroll employment had now suffered an average monthly decline of 47,000 jobs over the previous three months, Paul Ashworth, an economist at Capital Economics, told the New York Times that every time such a trend has occurred in the last 50 years, a recession inevitably resulted. Moreover, in all instances, the job market did not recover until after monthly job losses had exceeded 200,000.

During the past 50 years, whenever a recession occurred during a presidential-election year, the candidate of the political party occupying the White House lost. In 1960, for example, with the economy in the middle of an 11-month recession that began in April, then-Vice President Richard Nixon narrowly lost to Sen. John F. Kennedy. A six-month recession during the first half of 1980, which was accompanied by soaring prices, contributed to Ronald Reagan's victory over President Jimmy Carter.

While an eight-month recession technically ended in March 1991, more than a year-and-a-half before the November 1992 election, the labor market never began to recover until just a few months before voters cast their ballots, dooming President George H.W. Bush's chances for re-election. For most previous recessions, the unemployment rate peaked within a few months of the trough of the economic downturn. For example, the 1981-82 recession ended in November 1982, while the unemployment rate peaked at 10.8 percent during the last two months of that year. However, after the 1990-91 recession ended in March 1991, when the unemployment rate was 6.8 percent, the jobless rate continued to rise over the first 15 months of the ensuing expansion. By the time the unemployment rate peaked at 7.8 percent during the summer of 1992, Mr. Bush's political fortunes were doomed in a campaign whose Democratic war cry was, "It's the economy, stupid."

During the 1976 presidential campaign, even though the previous recession had ended in March 1975 and the jobless rate had peaked in May 1975, the unemployment rate still remained stubbornly high. By Election Day 1976, the unemployment rate stood at 7.8 percent, having fallen only 1.2 percentage points from its cyclical peak of 9 percent. Moreover, the November 1976 jobless rate was 1.7 percentage points above the average rate (6.1 percent) that prevailed during the 16-month recession. The stubbornly high unemployment rate contributed to President Ford's 1976 defeat by Mr. Carter.

If job losses continue this year and the unemployment rate inevitably begins to rise, Republicans will face unhappy voters who, if history is any guide, will blame the political party occupying the White House.

Post a comment

There are comments on this article, submit your opinion!

Please login or register to post a comment

Ask a Question

You Report

Do you have another point of view, photos, audio, video or more information about a story?

Top Stories

Most Read

  1. Bush warns of threats to freedom, economic growth
  2. KELLNER: New Apple mouse really is 'Magic'
  3. Houston sheriffs round up thousands of illegals
  4. EXCLUSIVE: Iran advocacy group said to skirt lobby rules
  5. EXCLUSIVE: Fort Hood suspect contacted Muslim extremists
More Top Stories »
  1. Tax penalties and prison
  2. Airport rules changed after Ron Paul aide detained
  3. Former clinic director: Church chilly to my pro-life turn
  4. PRUDEN: On vacation with Mr. Dithers
  5. EDITORIAL: End Clinton-era military base gun ban

Most Shared

  1. Bush warns of threats to freedom, economic growth
  2. Former clinic director: Church chilly to my pro-life turn
  3. KELLNER: New Apple mouse really is 'Magic'
  4. PRUDEN: On vacation with Mr. Dithers
  5. Immigration bill is promoted for 2010
More Top Stories »
  1. EXCLUSIVE: Iran advocacy group said to skirt lobby rules
  2. EDITORIAL: End Clinton-era military base gun ban
  3. Reluctant White House welcome
  4. Las Vegas on winning streak as market rebounds
  5. Bush warns of too much government

Most Commented

  1. Bush warns of threats to freedom, economic growth
  2. Houston sheriffs round up thousands of illegals
  3. EXCLUSIVE: Iran advocacy group said to skirt lobby rules
  4. Former clinic director: Church chilly to my pro-life turn
  5. Bush warns of too much government
More Top Stories »
  1. PRUDEN: On vacation with Mr. Dithers
  2. EDITORIAL: Running away from terrorism
  3. Immigration bill is promoted for 2010
  4. EXCLUSIVE: Fort Hood suspect contacted Muslim extremists
  5. ACORN sues government over funding

Listen to Washington Times Radio

  • America's Morning News

    with John McCaslin and Melanie Morgan

Question of the day

Former President George W. Bush said America must resist the "temptation" to allow the government to take over the private sector. Do you think the government is too involved now?

Blogs & Columns

  • POTUS Notes

    Anita Dunn: MSNBC 'different' from Fox News

  • The Back Story

    12 arrested at Pelosi's office

  • Belief Blog

    New Vatican constitution released

  • Out of Context

    Foods that might kill libido

  • Technology

    Facebook wins round against phishing spammer

  • On the Fly

    United lifts some 'award' blocking

  • Redskins 360

    Smith, Betts, Heyer should play

  • Tara's Two Cents

    On their way to summer vacation..

  • SNOBlog

    Beyond 'Woody'

Videos

Advertising Links
TWT Store
  • e-edition
  • Print Edition
  • Weekly Washington Times
TWT Affiliates
  • Middle East Times
  • Golf
  • UPI
  • Arbor Ballroom
  • Washington Times Global
  • About TWT
  • Press Room
  • F.A.Q.
  • Work for TWT
  • Advertise
  • Sponsors
  • Contact Us
  • Privacy Policy
  • Site Map

All site contents © Copyright 2009 The Washington Times, LLC.