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Monday, January 7, 2013

Private & Government Jobs Gained & Lost Under Obama (December 2012 update)





How many jobs (total, private, and government) have been lost or gained since Obama was inaugurated?  (December 2012 update)  
  • 4,317,000 TOTAL jobs (in seasonally adjusted numbers) were LOST in from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%.    
  • 4,777,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, December 2012.  That's an increase of 3.7%.
  • In total, 460,000  jobs (in seasonally adjusted numbers) were ADDED from the time Obama took office until now, December 2012.  That's an increase of 0.3%.
  • We have experienced 27 months WITHOUT job losses since September 2010.  We have ADDED 4,136,000 jobs during those 27 months. 
  • We now have 134, 021,000 TOTAL non-farm jobs. 
With Benchmark Revisions:
  • 4,317,000 TOTAL jobs (in seasonally adjusted numbers) were LOST in from the time Obama took office until the "trough" of the recession in early 2010.  That's a decrease of 3.2%.    
  • 5,163,000 jobs (in seasonally adjusted numbers) were CREATED from the "trough" of the recession until now, December 2012. 
  • In total, 846,000  jobs (in seasonally adjusted numbers) were ADDED from the time Obama took office until now, December 2012.   
  • We now have 134,407,000 TOTAL non-farm jobs. 
* Click on the link for information about Benchmark Revisions which were released last week by the Bureau of Labor Statistics.  The BLS databases will not be updated with these new numbers until January 2013.
*  These are all net figures, meaning that they represent the total number of jobs at the end of a reporting period.  All losses have been subtracted from all gains and vice verse.
    *  For the purposes of comparison, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (December 2004), there were still 150,000 FEWER jobs than when he was inaugurated in January 2001 (compared to 846,000 MORE for Obama).  The number of jobs didn't eclipse the number when Bush was first inaugurated until February 2005, in Bush's second term.    


    How many PRIVATE sector jobs have been lost or gained since Obama was inaugurated?
    • 4,213,000 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%.
    • 5,323,000 PRIVATE-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, December 2012.  That's an increase of 5.0%.
    • In total, 1,111,000 private sector jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, December 2012.  That's a net increase of 1.0%. *
    • We have experienced 34 months of positive private-sector job GROWTH from February 2010 until December 2012.  We have added 5,323,000 private-sector jobs during those 34 months.    
    • We now have 112,096,000  PRIVATE sector non-farm jobs.
    • 4,213,000 PRIVATE-sector jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until the "trough" of the recession in early 2010.  
    • 5,776,000 PRIVATE-sector jobs (in seasonally adjusted numbers) were GAINED OR CREATED from the "trough" of the recession until now, December 2012. 
    • In total, 1,564,000 private sector jobs (in seasonally adjusted numbers) have been GAINED from the time Obama took office until now, December 2012. 
    • We now have 112,549,000 PRIVATE sector non-farm jobs.
    *Though, as of December 2012, we still have fewer private-sector jobs (in adjusted numbers) than when President Obama took office, jobs are being added at a faster clip under Obama than under George Bush at the same time in his presidency.  At this point in Bush's presidency (December 2004), there were still 1,008,000 FEWER private sector jobs than when he was inaugurated in January 2001 (compared to 1,564,000 MORE for Obama).  The number of private-sector jobs didn't eclipse the number when Bush was first inaugurated until June 2005, in Bush's second term.  
    How many GOVERNMENT jobs have been lost or gained since Obama was inaugurated?  (Government jobs include federal, state, and local government jobs.)
    • 102,000 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 546,000 GOVERNMENT jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, December 2012.  That's a decrease of 2.4%.    
    • In total, 651,000 GOVERNMENT jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, December 2012.  That's a decrease of 2.9%.  A large portion of these jobs, at least 270,000, have been lost in the "Local Government - Education" sector. (Teachers.)
    • We have experienced decreases in the number of government jobs in 25 out of the last 30 months, starting in June 2010, when the layoff of 2010 Census workers began.  However, we have experienced slight increases in the number of government jobs in the last 3 out of the last 6 months.     
    • We now have 21,925,000 GOVERNMENT jobs, not including people in the military.  (Civilians employed by the U.S. and working for the military are counted.)
    • Another 576,000 GOVERNMENT jobs (in seasonally adjusted numbers) were LOST from the "trough" of the recession until now, December 2012.      
    • In total, 718,000 GOVERNMENT jobs (in seasonally adjusted numbers) were LOST from the time Obama took office until now, December 2012.
    • We now have 21,858,000 GOVERNMENT jobs, not including people in the military.  (Civilians employed by the U.S. and working for the military are counted.)
    (Note:  Current numbers taken from the June 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.)

    An afterthought---

    A reader asks:

    How Many Private Sector Jobs Were Lost Because of Obama?

    We haven't lost ANY private sector jobs (net) since February 2010, a year after Obama took office.  Between January 2009 and February 2010, we lost 4,213,000 private sector jobs as stated above.

    Should we "blame" Obama for not being immediately able to stem the tide of private sector job loss in 2009?  If a house is burning out of control and the fire department comes to put out the fire, it continues to burn until it is brought under control and cooled down, right?  Now.. would you blame the fire department for the continued fire and the time to put it out after the firefighters arrive on the scene?

    Well, you might, but I wouldn't:  Here's my reasoning:  Burning Down the House!

    So my answer to this question would be a big, fat ZERO.  I do NOT feel that Obama is to blame for any loss of jobs between January 2009 and February 2010.  If you think he is, please leave a comment and explain your reasoning!

    5 comments:

    1. No jobs lost under Obama. But we have a deficit of around 4 million since 2007. But it's damn well time for him to take responsibility for a jobs program to address it.

      They are kicking cans, trying to survive until 2016 w/o everything tanking. But that's nothing to be proud of, unless they start the chapter on the economic conditions under Obama, with an increase to 47 million people on food stamps and near 50,000 in poverty simply languishing, with "Now, it wasn't his fault..."

      What a sorry legacy that will be for tens of millions of our neighbors..

      ReplyDelete
      Replies
      1. He inherited an economy that was shedding jobs at 800,000 a month. The Republicans have done anything they could to keep the economy from growing so that they could win the Presidency in 2012. It didn't work, but that doesn't mean that they aren't going to continue to try to hamper economic growth in this country.

        Here are some reasons that the number of people on food stamps are up: 1. Many people on food stamps work, but they earn so little they qualify for food stamps. Blame employers of the working poor for that one. 2. Increasing numbers of people on Social Security who have no other income and therefore qualify for food stamps.

        If the Republicans get back some power, are they going to force employers to pay workers more so that they don't qualify for food stamps? Are you going to write to your CongressCritters and ask them to push for such policies?

        Are they going to raise Social Security benefits so that the lowest income recipients actually have too much income to qualify for food stamps? Are you going to write to your CongressCritters and ask them to consider this?

        Are you going to write to your Congresspeople and ask them to pass the President's jobs bill... There are two biggies that the Republicans have ignored.. One to put teachers back to work and to fix our infrastructure, and one to put veterans to work.

        Unless you support these kinds of initiatives, you have no right talking about poverty, unemployment, and complaining about the President.

        Stop listening to Fox news and get some smarts.

        Delete
      2. About your first comment: No, all jobs that had been lost in the first year of Obama's administration have been recovered.

        That certainly doesn't mean that things are hunky dory, as we lost 4.4 million jobs before Obama took office. And we do need another 70,000 a month or so to accommodate the growing population.

        This is the situation that he inherited:

        Jobs Lost Before Obama Took Office

        Delete
    2. the labor participation rate is DROPPING, not rising.

      obama suck-ups, look around you and tell me things are getting better.

      ReplyDelete
      Replies
      1. Everything you want to know about the labor participation rate:

        Labor Force Participation: Separating the Truth from the Lies

        The labor force participation rate has been going down since the late 1990's. Why didn't it bother you when Bush was President? I bet you didn't even know what the labor participation rate was back then.

        Delete

    I appreciate intelligent comments and questions, including those that are at odds with anything posted here. I have elected not to screen comments before they are published; however, any comments that are in any way insulting, caustic, or intentionally inflammatory will be deleted without notice. Spam will also be immediately deleted.