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Friday, February 1, 2013

How Many Jobs Has Obama Created or Lost? (January 2013 update)

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?
How many Americans were working or employed when Obama took office... compared to now?


Numbers for January with all revisions:

Since the "trough" of the recession in late 2009/early 2010 in seasonally adjusted numbers:
  • 5,505,000 MORE jobs in total
  • 6,111,000 MORE private sector jobs
  • 5,297,000 MORE people working 

Since Bush left office & Obama took office (January 2009) in seasonally adjusted numbers:
  • 1,194,000 MORE jobs in total
  • 1,913,000 MORE private sector jobs
  • 1,169,000 MORE people working

Have any private jobs been lost (net) over the past 35 months?
NO!

  • 35 months of consecutive private-sector job growth.

Have any jobs been lost (net) over the past 28 months?

NO!
  • 28 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 January 2013, which was released in February 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, January 12, 2013.  These numbers are close to approximating the numbers for the full first term of the Obama administration.     
Also, these are NET numbers.  In other words, jobs are lost and gained every month.  We've been adding over 4,000,000 jobs every month.  Approximately 1,600,000 people are laid off or fired every month, and about 2,200,000 people quit their jobs every month.  When the number of people quitting their jobs and getting fired is greater than the number of people getting hired, the jobs numbers go down.  When the number of people getting hired in a month is greater than the number of people quitting and getting fired, the jobs numbers go up.  For 28 months, we have had more people getting hired every month than people getting fired and/or quitting their jobs.   For more information on these numbers for January, check out this link:  JOLTS (Job Openings, Layoffs, and Turnover Survey) for January 2013

3 comments:

  1. It is hard too see with all the private buisnesses cutting back, some leaving the country and others not hiring. I hear frequently of business closing but you report no job losses in the last 35months??? Where are all the unemployed people who are applying for and getting unemployment comming from?? The government keeps extending unemployment benifets because of all the job losses yet you report more jobs under Obama??. Just wondering?

    ReplyDelete
    Replies
    1. Hi Tammy... I wrote an answer to you yesterday and I accidentally lost it when we were having some Internet problems. I will get back to you today.

      Delete
    2. Tammy, people are hired, people are fired, and people quit their jobs every month, in good times and in bad. When more people lose or leave their jobs than gain their jobs, the jobs numbers decline. When more people are hired than people lose or leave their jobs, the jobs numbers go up. In other words, the total number of jobs lost or gained is a "net" number. Meanwhile, the number of people who file for unemployment or the total number of people hired is a "gross" number.

      And the number of layoffs in January were the LOWEST in at least ten years. Yes, 1,507,000 people were laid off in January, but that was the LOWEST number of layoffs in ten years. Meanwhile, 4,247,000 people were hired in January, which was a good solid number.

      If you listen to the rightie news, all you will hear is gloom and doom. You won't get the whole story. No wonder you are confused.

      Delete

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