This report has been updated HERE.
The following report is outdated.
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November 2015 numbers were released Fri. Dec. 4. Details HERE.
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All other jobs reports (2011 through 2015) indexed HERE
How Many Jobs (Net) created in 2015 to date? HERE
How Many Jobs Have Been Created since 2010? Latest numbers indexed HERE.
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November 2015 numbers were released Fri. Dec. 4. Details HERE.
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November 2015 numbers were released Fri. Dec. 4. Details HERE.
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How Many Jobs Have Been Lost Since 2008? How Many Jobs Created Since 2008?
How has Obama done on jobs? How many jobs have been lost or gained during the Obama administration?
Have 2.1 million private sector jobs have been created during the Obama administration?
Yes. In seasonally adjusted numbers, as of May 2011, 2,123,000 private-sector jobs have been created since the bottom of the recession. In seasonally adjusted numbers, as of May 2011, 1,797,000 total jobs have been created since the bottom of the recession.
Here's a summary of data from the BLS (Bureau of Labor Statistics). All numbers lost to the "trough" of the recession reflect jobs lost between the time Obama took office and the lowest point of the recession:
Seasonally adjusted:
- All jobs lost from the time Obama took office to "trough" (bottom of recession): 4,309,000
- All jobs gained since "trough": 1,797,000
Net loss in seasonally-adjusted jobs: 2,512,000
"Raw:" numbers not seasonally adjusted:
- Jobs lost from the time Obama took office to "trough": 4,246,000
- Jobs gained since "trough": 4,444,000
Net gain in "raw" unadjusted job numbers: 198,000
How many private sector jobs have been gained or lost since Obama took office?
Seasonally adjusted:
- Private-sector jobs lost to "trough" (bottom of recession): 4,168,000
- Private-sector jobs gained since "trough": 2,123,000*
*(This is the number often used by Obama and the Democrats as the number of private jobs created. It is a correct number, but it is a seasonally-adjusted number. In "real" unadjusted numbers, 4,270,000 private sector jobs have been created.)
Net loss in seasonally-adjusted private-sector jobs : 2,045,000
"Raw:" numbers not seasonally adjusted:
- Private-sector jobs lost to "trough": 4,131,000
- Private-sector jobs gained since "trough": 4,270,000
Net gain in "raw" unadjusted private-sector jobs: 141,000
How many workers have been laid off or hired during the Obama administration?
Seasonally adjusted:
- Fewer people working to "trough" : 4,261,000
- More people working since "trough": 1,819,000
Net loss in seasonally-adjusted number of people working: 2,442,000
"Raw:" numbers not seasonally adjusted:
- Fewer workers to "trough": 3,627,000
- More workers since "trough": 3,219,000
Net loss in "raw" unadjusted number of people working: 408,000
Can you summarize this?
- Obama was inaugurated in January 2009 when the economy was in free fall and we were losing about 700,000 jobs a month. A total of 4,400,000 jobs were lost before Obama took office.
- The employment situation did not bottom out until late 2009 or early 2010. An additional 4,300,000 jobs were lost between the time that Obama took office and the bottom ("trough") of the recession.
- That's a total job loss of 8,700,000 jobs over approximately 2 years.
- Since the economy started to add jobs under Obama, 1,800,000 jobs have been added using seasonally-adjusted numbers (See below).
- Since the economy started to add jobs under Obama, 4,444,000 jobs have been added using "real" unadjusted numbers. We have now added more jobs in "real" numbers than were lost during the first year of Obama's term.
- We still need many, many more jobs to overcome the loss of jobs that started in 2008 and to make up for the increase in population since 2008.
- We're doing better in terms of making up for lost jobs than Reagan did at this point in his presidency and than FDR did at this time during his presidency.
How did you come up with these numbers? Why isn't there one number instead of all of these?
Counting jobs or workers is very tricky. Continue reading for more detailed explanations of all of this.
