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Old 01-18-2015, 04:43 AM
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Default Markets More: Jobs Ronald Reagan The Truth About September 1983, The Month Ronald Re

Have you heard the one about how the Reagan economy produced over one million jobs in one month (September 1983)?

The story goes something like this, chronologically, as best I can ascertain:

David Winston (September 2011): Extra credit for Mr. Winston for driving the lie home with a reference to the inception of record keeping in 1939: “At this same moment in 1983, Ronald Reagan’s policies were about to create 1.1 million jobs in the month of September alone, the biggest one-month job gain since the Bureau of Labor Statistics officially began keeping track back in February 1939.”

Around that same time – and no doubt leading to the Wall St. Journal editorial (immediately below) – both Stephen Moore and Newt Gingrich, among others, were making the rounds on television flogging the bogus number. I’ll note that one video clip (January 14, 2012) shows Erin Burnett – much to her credit – challenging Gingrich on the number and forcing him to backpedal.

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Read more: Ronald Reagan's Million Jobs Month - Business Insider
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