OCT: +214,000 jobs, Unemp. rate down to 5.8%. HERE! Jobs since Obama took office? HERE Unemp rate under Obama? HERE

Tuesday, June 7, 2011

Spring Job Growth: Not that Bad?

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Updated links on jobs numbers for June 2011:

How many jobs Were Created or Gained Under Obama? (updated for June 2011)
How many jobs has Obama created or lost?  (updated for June 2011) 
Number of jobs created by Obama updated for June 2011
Full analysis on June's job report will be available later today, July 8th. 
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Job growth approaching that in 2005 and 2006!


Job growth this spring (February through May) in numbers is on a par with job growth in spring of 2005 or 2006, which were the years at the height of job growth under Bush.

The US added 2,729,000 jobs (unadjuste­d) and 474,000 jobs (adjusted) in Spring 2005.



The US added 2,742,000 jobs (unadjuste­d) and 496,000 jobs (adjusted) in Spring 2006.

We added 2,759,000 jobs (unadjuste­d) and 480,000 jobs (adjusted) this spring, between February and now. 



Of course, Bush job growth with the tax breaks for the rich was nowhere close to Clinton job growth with reasonable tax brackets.


Two things to throw a little bit of cold water on these numbers, however:


We're coming up from much, much lower job numbers.  We're still off the numbers from 2006 by 4 to 5 million jobs.  And our civilian non-institutional population is larger by about 10,000,000 people.  We clearly have a ways to go, but we are now producing jobs at about the same number that we were producing them in expansion years of Spring of 2005 and 2006.  


And that's not bad.     

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