NOV Fri, Dec 2: +178,000 jobs. Unemployment rate drops to 4.6%.NOV details here!.. Jobs since Obama took office?... Unemp. rate under Obama?

Tuesday, June 12, 2012

Private Sector, Total Job Loss & Growth Since 2008 (Updated for March 2015)

Private Sector Job Loss & Growth From 2008 through March 2015.


Total (Private AND Government) Job Loss & Growth from the previous peak of jobs in January 2008 through March 2015 listed below the graph.

How Many Jobs Were Lost in 2008?  Continue reading below the graph!




Does this mean the recovery is complete?

Of course not.  The "V" is now complete, as we have recouped ALL private sector jobs lost since January 2008 and added about 3.5 million more private jobs.  Every month now we record new "peaks of private sector jobs" for this country and new peaks of ALL jobs.  
However, we have about 600,000 FEWER government jobs, and, of course, as the population has grown, we still have a way to go in terms of jobs recovery, as we all know.

The recovery has been stronger than first thought.  The
blue line above represents the initial estimates of private sector jobs during the initial stages of the recovery in 2011 and 2012.  The green line represents the number of private sector jobs based on the latest revisions.

How Many PRIVATE Sector Jobs Were Lost Before Obama Took Office?
  • There were 115,977,000 private sector jobs at the "peak" of jobs in January 2008.
  • 3,600,000 private sector jobs were LOST during 2008.
  • There were 112,218,000 private sector jobs in December 2008.
  • 821,000 private sector jobs were LOST in January 2009, before Obama took office.  (Jobs numbers are calculated as of the second week of the month.  Obama did not take office until the third week of the month.)
  • There were 111,398,000 private sector jobs in January 2009 when Obama took the oath of office.
  • In total, 4,579,000 private sector jobs were LOST from the "peak" of jobs in January 2008 until Obama took the oath of office in January 2009.

How many PRIVATE sector jobs have been lost or gained since Obama was inaugurated?

  • 4,210,000 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%.
  • 12,112,000 PRIVATE-sector jobs (in seasonally adjusted numbers) have been GAINED OR CREATED from the "trough" of the recession until now, March 2015.  That's an increase of 11.3%.
  • In total, 7,887,000 private sector jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, March 2015.  That's a net increase of 7.1%. 
  • We have experienced 61 months of positive private-sector job GROWTH from February 2010 until March 2015.  We have added 12,112,000 private-sector jobs during those 58 months.    
  • We now have 119,285,000 PRIVATE sector non-farm jobs.

How Many Jobs in TOTAL (Private & Government) Were Lost Before Obama Took Office?
  • There were 138,365,000 jobs at the "peak" of jobs in January 2008.
  • 3,591,000 jobs total were LOST during 2008, from January until December 2008.
  • There were 134,774,000 jobs in December 2008.
  • 798,000 jobs were LOST in January 2009, before Obama took office.
  • There were 133,976,000 jobs in January 2009 when Obama took the oath of office.
  • In total, 4,389,000 jobs were LOST from the "peak" of jobs in January 2008 until Obama took the oath of office in January 2009.
  • How Many Jobs Were Lost Before Obama Took Office?  HERE!

How many jobs in TOTAL (Private & Government) have been lost or gained since Obama was inaugurated?

  • 4,321,000 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 3.2%.
  • Altogether, 8,710,000 jobs in total (private and government) were lost from the "peak" of jobs in January 2008 until the "trough" in February 2010.  That's a decrease of 6.3%.  
  • 11,534,000 jobs (in seasonally adjusted numbers) have been GAINED OR CREATED from the "trough" of the recession in February 2010 until now, March 2015.  That's an increase of 8.9%.
  • In total, 7,206,000  jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, December 2014.  That's a net increase of 5.4%. 
  • We have experienced 54 months of positive TOTAL job GROWTH from September 2010 (when the 2010 Census finished laying off the last of the Census workers) until now, December 2015.  We have added 10,890,000 jobs during those 54 months.    
  • We now have 141,183,000 TOTAL (private & government) payroll jobs.




3 comments:

  1. I don't understand why we are still talking about the Bush years when a new election is looming and a contender (Romney) has a plan that very well may make Obama'a job growth in the last 4 yrs. look sick. According to the above we have realized a paltry 0.9% increase in private sector jobs since 2008.

    ReplyDelete
    Replies
    1. Have you really looked at Romney's plan? If so, can you tell us how it differs from the plan of George Bush? And we all know how that wound up.

      Do you remember what was happening in January 2009.. or were you asleep in the cabbage patch back then?

      Look at that red line there.. a line that goes down, down, down. That was going on under Bush, and it started with the housing bust which happened in 2006. That stemmed from the uncontrolled financial shenanigans of Wall Street under the Bush years. Private jobs, as you should be able to easily see from the above graph, were dropping LIKE A STONE starting in January 2008.

      Now, did you really think that Obama would IMMEDIATELY start adding jobs when he took his first step into the Oval Office? Is that it? Are you disappointed because Obama does not walk on water and you expected him to? Is that what is troubling you?

      Or did you just not like the guy from the beginning? Did you actually think that McCain and the P woman would immediately do magic.. with an economy that was on the brink of a depression that was unlike any that we had seen for 80 years?

      Which is it: 1. You really liked Obama and thought he was a magic man. 2. You were sure that McCain and the despicable P woman would be able to turn things around so, so much better than any Democrat possibly could because you have been completely brainwashed to believe that Republican economic policies actually work?

      So.. which of the two?

      Delete
    2. Most presidents aren't able to affect economic policies until about 8 months later or the amount of time Congress takes to effect a new budget.

      Delete

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