tag:blogger.com,1999:blog-5912833783359356343.post5600307143919464815..comments2023-11-02T06:44:25.146-05:00Comments on Molly's Middle America: December 2015 Unemployment Rate, JobsMiddle Mollyhttp://www.blogger.com/profile/11441441493867436577noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5912833783359356343.post-23873779507789974992016-01-13T11:49:32.405-06:002016-01-13T11:49:32.405-06:00He crowed about “more than 14 million new jobs,” w...He crowed about “more than 14 million new jobs,” when the net gain in total employment since he first took office is actually just under 9.3 million. What he didn’t spell out is that he was omitting the more than 4 million jobs lost during the first 13 months of his presidency, and ignoring losses of state and local government jobs as well.<br /><br />Though he did not make it clear, he was actually referring to the change only in private sector jobs, and only since the job losses hit bottom in February 2010.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5912833783359356343.post-39022161037685767272016-01-13T11:45:06.596-06:002016-01-13T11:45:06.596-06:00
“Manufacturing has created nearly 900,000 new...<br /> “Manufacturing has created nearly 900,000 new jobs in the past six years.”<br /><br />The low point for manufacturing jobs was reached in February 2010, and there has been a gain of 878,000 jobs since then. But Bureau of Labor Statistics data show that the number of manufacturing jobs is still 230,000 fewer than when Obama took office in the depths of the recession — and 1.4 million fewer than when the recession began in December 2007. Indeed, the United States only gained 30,000 manufacturing jobs in all of 2015.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5912833783359356343.post-43566161906250165732016-01-13T11:44:07.568-06:002016-01-13T11:44:07.568-06:00During the State of the Union, President Obama sai...During the State of the Union, President Obama said:<br /><br /><br /><br /> “We’re in the middle of the longest streak of private-sector job creation in history. More than 14 million new jobs; the strongest two years of job growth since the ’90s; an unemployment rate cut in half.”<br /><br />While President Obama often has touted what he often calls the “longest streak of private-sector job creation in history,” the average number of jobs created in this 70-month period is significantly lower than under either Bill Clinton or Ronald Reagan. (When you exclude a single month of decline, in fact, Clinton and Reagan had streaks of 85 and 71 months, respectively.)<br /><br />The low point in jobs was reached in February 2010, and there has indeed been a gain of 13.6 million nonfarm jobs since then, according to Bureau of Labor Statistics data. But it’s worth remembering that in the same period, the number of federal, state and local government jobs has actually declined by nearly 500,000.<br /><br />The unemployment rate was 7.8 percent when Obama took office in 2009, and now it is 5 percent. The president says it was cut in half by measuring from the high point reached during his presidency: 10 percent in October 2009.<br /><br />Still, even with the massive jobs losses at the start of his presidency, Obama can claim that nearly 9.3 million jobs were added since he took office. At this point in George W. Bush’s presidency, the comparable number was 1.3 million; and for Bill Clinton and Ronald Reagan, the figure was 21.2 million and 12.7 million, respectively.Anonymousnoreply@blogger.com