AUG: +151,000 jobs. Unemployment rate steady at 4.9%. AUG details here!.. Jobs since Obama took office?... Unemp. rate under Obama?

Monday, March 12, 2012

Private & Government Jobs Gained and Lost under Obama (February 2012 update)

How many jobs (total, private, and government) have been lost or gained since Obama was inaugurated?  
  • 4,319,000 jobs (in seasonally adjusted numbers) were LOST in TOTAL from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%. 
  • 3,453,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, February 2012.  That's an increase of 2.67%.
  • In total, 866,000  jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, February 2012.  That's a decrease of 0.65%. 
  • We have experienced 17 months WITHOUT job losses since September 2010.  We have ADDED 2,812,000 jobs during those 17 months. 
  • We now have 132,697,000 TOTAL non-farm jobs.  


How many PRIVATE sector jobs have been lost or gained since Obama was elected?
  • 4,209,000 private-sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.8%.
  • 3,939,000 private-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, January 2012.  That's an increase of 3.69%.
  • In total, 270,000 private sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, February 2012.  That's a net decrease of 0.24%. 
  • We have experienced 24 months of positive private-sector job GROWTH from February 2010 until February 2012.  We have added 3,663,000 private-sector jobs during those 24 months.    
  • We now have 110,711,000 PRIVATE sector non-farm jobs.

How many GOVERNMENT jobs have been lost or gained since Obama was elected?
  • 108,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of  .47%  (about half of a percent). 
  • Another 488,000 government jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, February 2012.  That's a decrease of 2.17%.
  • In total, 596,000 government jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, February 2012.  That's a decrease of 2.64%. 
  • We have experienced decreases in the number of government jobs in 19 out of the last 21 months, starting in June 2010, when the layoff of 2010 Census workers began.  
  • We now have 21,986,000 GOVERNMENT non-farm jobs, not including people in the military.  (Civilians working for the military are counted.)
(Note:  Current numbers taken from the January Bureau of Labor Statistics Employment Situation Report.  Historical numbers taken from various archived Employment Situation reports as indexed HERE. Specifics will be provided upon request; please email me or leave a comment.)

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