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Tuesday, January 22, 2013

How Many Jobs Created or Lost Under Obama? (December Update)



The following numbers are for December 2012.  
For latest reports and numbers, please click one of the links above.

How many jobs created or lost under Obama?
How many private sector jobs have been lost or added during Obama's presidency?
How many new jobs in the last 4 years since Obama was inaugurated?


Numbers for December WITH benchmark revisions:

Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
  • 5,163,000 MORE jobs in total
  • 5,776,000 MORE private sector jobs
  • 5,280,000 MORE people working 

Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
  • 846,000 MORE jobs in total
  • 1,564,000 MORE private sector jobs
  • 1,152,000 MORE people working

Since the stimulus was passed (# as of March 12, 2009) in seasonally adjusted numbers: 
  • 2,369,000 MORE jobs in total
  • 3,076,000 MORE private sector jobs
  • 2,584,000 MORE people working

Since the beginning of Obama's first Fiscal Year (October 2009) in seasonally adjusted numbers: 

  • 4,875,000 MORE jobs in total
  • 5,547,000 MORE private sector jobs
  • 4,884,000 MORE people working

Have any private jobs been lost (net) over the past 34 months?

NO!

  • 34 months of consecutive private-sector job growth.

Have any jobs been lost (net) over the past 27 months?

NO!
  • 27 months of consecutive over all job growth.


Fact check and important information on these jobs numbers...


The above jobs numbers are from the BLS jobs report of December 2012, which was released in January 2013.  The surveys used to gather these numbers are taken as of the week which includes the 12th day of the month, in this case, December 12, 2012.  We won't have numbers for the full first term of the Obama administration until the January 2013 (which represents jobs numbers as of the week containing January 12th, 2013) numbers are released the first week of February.    
The first section of numbers above DOES include jobs numbers WITH the benchmark revisions which were announced September 27, 2012.   The benchmark revisions will NOT be included in the official BLS data until the January 2013 report which is released in early February 2013.  The second set of numbers DOES NOT include the benchmark revisions.  Benchmark revisions added 386,000 jobs in total and 453,000 private sector jobs.  Information about these revisions can be found HERE.  Benchmark revisions did NOT change the number of people employed (workers) which are taken from a different survey.



Numbers for November WITHOUT benchmark revisions:

How many jobs created or lost under Obama?
How many private sector jobs have been lost or added during Obama's presidency? (All seasonally adjusted numbers.)

Since the "trough" of the recession in late 2009/early 2010:
  • 4,777,000 MORE jobs in total
  • 5,323,000 MORE private sector jobs
  • 5,280,000 MORE people working 
Since Bush left office & Obama took office (January 2009):
  • 460,000 MORE jobs in total 
  • 1,111,000 MORE private sector jobs
  • 1,152,000 MORE people working

Since the stimulus was passed (# as of March 12, 2009): 
  • 1,983,000 MORE jobs in total
  • 2,623,000 MORE private sector jobs
  • 2,584,000 MORE people working

Since the beginning of Obama's first Fiscal Year (October 2009): 
  • 4,489,000 MORE jobs in total
  • 5,094,000 MORE private sector jobs
  • 4,884,000 MORE people working

(Explanations and detail below.  Keep reading.)



How many jobs have been lost or gained during the Obama administration?  Have more new jobs been created or have more jobs been lost under Obama to date?   

Summary:  We are in positive territory when we look at total jobs numbers, private jobs numbers, and people working compared to these numbers when Obama was inaugurated in January 2009.

We are in positive territory when we look at total jobs numbers, private jobs numbers, and people working compared to the "trough" of the jobs recession in late 2009/early 2010.

We are also in positive territory when we look at total jobs numbers, private jobs numbers, and people working compared to the start of Obama's first Fiscal Year in office which started October 1, 2009.
 
When we look at the BLS benchmark revisions, we are in positive territory in terms of total jobs numbers, numbers of people working, and private sector jobs since Obama took office.  


We are in negative territory in terms of government jobs numbers since Obama took office.  Check HERE for details of government jobs numbers since Obama took office.  (This is the first economic recovery since 1947 in which government job growth did not keep pace with or exceed private job growth.)
How Many More Jobs a Month?We are now adding jobs at a fair clip, with an average of 169,000 MORE jobs  total added per month since December 2010 with the revised benchmarked data, and an average of  185,000 MORE jobs added per month in the private sector since December 2010 with the revised benchmarked data.

How Many Jobs a Month Do We Need for Population Growth?
About 70,000.  Check this link for explanation and details.

All Jobs & Unemployment Reports indexed HERE:


8 comments:

  1. You didn't seem to mention the 8.5 million work-eligible people who have left the workforce entirely under this administration due to the fact that they can't find jobs. 5.5 million added, 8.5 million lost. Since these people who drop out of the workforce are no longer included in the unemployment numbers, it has dropped from a high of 10.6% to 7.9% now. That's not positive territory at all.

    ReplyDelete
    Replies
    1. Another soul who has been brainwashed by the right wing.

      First of all, THERE IS ABSOLUTELY NO EVIDENCE that people have left the labor force because "they gave up looking for work" or "they can't find jobs". Most people who have left the labor force have done so because they are retiring. And, in recent years, the number of people ENTERING the labor force has exceeded the number of people going from "unemployed" to "not in the labor force" by quite a bit.

      Try reading here: Labor force participation: Separating the Truth from the Lies

      . And start getting your information from more reliable sources, not from people who want you to believe the worst.

      Delete
    2. why don't you do us all a favor and just die you brainwashed marxist

      Delete
    3. I'm not sure you can trust any opinion that is posted by someone unwilling to identify themselves and stand behind their words. In addition, a glib tongue and excellent grammar is such a blessing! I would suggest that the poster do some research on what Marxism is by definition before accusing anyone on the left of being in the grasp of corporatism. Accusing the left of "Marxism" is a "Miss-Marple-ism" - "a suppository of misinformation."

      Delete
    4. Gotta hand it to you Anonymous, you have taken two entirely different metrics, and compared them. Job Growth leads to employment, period. Full Stop. Unemployment is growth in the labor force, or as you put it, "work eligible people."
      I am not about to quibble with your numbers, I don't have the data at hand. BUT--I will call you out on your apparent mental disconnect. Without job growth the number of "work eligible people" not earning a paycheck would be multiple millions higher.

      Delete
    5. Having nothing but insults and invective in response to an intelligently phrased response and a link backing up one's point is the hallmark of a small mind. If you would like to debate, feel free to do so. This blog encourages you to do so. Having nothing to back up your opinion but your own opinion is certainly not a viable debating technique.

      Delete
  2. When some one disagrees childishness and insecurity show when you say "Die you brainwashed Marxist" how PATHETIC

    ReplyDelete
  3. "...just die you brainwashed marxist"?? That's the best you can do, Anonymous? Really?? How foolishly ignorant you are!

    ReplyDelete

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