As we all know, Obama took office amid the worst recession in 80 years, and amid staggering job losses, which were running in the 700,000+ per month range. Withing his first 6 months in office, the economy lost million of jobs. And as we all know, under Obama, the economy turned around, millions of new jobs have been created, and private jobs have been added for 32 months in a row. However, our conservative friends have been frequent to point out that the net change since Obama took office was negative -- in effect blaming Obama for the millions of jobs lost in the first months he took office. But no more. In recent months, we've seen the private sector show a net increase in jobs, and the total employment figure show a net increase in new jobs. And how the "total nonfarm" (the data most frequently referred to for jobs numbers) also show that net jobs have been created under Obama: Total nonfarm jobs Jan 2009 133.561 million Oct 2012 133.755 million http://www.bls.gov/webapps/legacy/cesbtab1.htm So when you see a conservative after this point claim that we've lost jobs under Obama, you know they are simply parrotting an old, outdated, and now untrue talking point. Obama has reversed the damage he inherited from the prior administration. In his second term he will reverse the damage done during that prior administration. If we don't (*)(*)(*)(*) up and put Bush Redux back into office.
That will always be the case in a recession. Look at your chart, same thing happened in '01. As employmentn continues to improve and jobs get more scare, the average earnings will increase. So my OP shows we are on the way to fixing this recession caused event. If we don't (*)(*)(*)(*) up and go back to Bush Redux.
You know the future? I'm going off what I can see, not some hopeful ideology. Still waiting on PROOF Romney = Bush.
Four more years of posting the same crap and blaming Bush? Iriemon must be in troll heaven right now.
All our invested in failure for political purposes chiming is on their disappointment that under Obama we've erased all the job losses he inherited. What a shocker.
We've replaced those lost jobs with part time, low wage, no benefits jobs. Household income is lower by over 4,000 per household under Obama. The jobs we lost are not the same jobs we've gained back.
Because almost 600,000 rejoined the labor force. And you are thrilled about that, right? You've re-posted the the LFPR enough times in the last few weeks. Most folks would be happy that we have not erased all the job loss since Obama took office. Not those invested in failure for political purposes.
Most folks would be happy we've erased the job losses Obama inherited. Not those invested in failure for political purposes.
Only those invested in lowered expectations for America would be pleased with Obama's economic performance.
No surprise you couldn't respond to my post. Thanks for staying predictable. Of course, some people make their living off being dishonest, so their lack of integrity should come as no surprise.
No, those folks would be pleased to see us go back to the conditions we were in when the last Republican administration was in office. January 2009 Job loss: Worst in 34 years Employers slashed 598,000 more jobs in January [2009] as unemployment rate climbed to 7.6%. NEW YORK (CNNMoney.com) -- Employers slashed another 598,000 jobs off of U.S. payrolls in January, taking the unemployment rate up to 7.6%, according to the latest government reading on the nation's battered labor market. The latest job loss is the worst since December 1974, and brings job losses to 1.8 million in just the last three months, or half of the 3.6 million jobs that have been lost since the beginning of 2008. http://money.cnn.com/2009/02/06/news/economy/jobs_january/index.htm Market players were also disappointed by reports that U.S. home prices fell 8.7% year-over-year in November, U.S. housing starts fell 15.5% in December, and weekly initial jobless claims rose 62,000 to 589,000. http://www.businessweek.com/investor/content/jan2009/pi20090122_192905.htm On Wednesday, the 30-stock Dow Jones industrial average finished with a loss of 248.42 points, or 2.94%, to 8,200[/B]. http://www.businessweek.com/investor/content/jan2009/pi20090114_103250.htm 598,000 Jobs Shed In Brutal January Unemployment Hits 7.6% as Downturn Picks Up Steam The need for progress on those fronts seemed more important than ever yesterday, as the Labor Department announced that conditions worsened more than expected last month. The nation's employers shed 598,000 jobs, the most since 1974, driving the unemployment rate to 7.6 percent from 7.2 percent. If the jobless rate keeps rising at the pace it has for the past two months, it will hit double digits in summer and reach its highest rate since the Great Depression by the fall. http://www.washingtonpost.com/wp-dyn/content/article/2009/02/06/AR2009020601156.html GROSS DOMESTIC PRODUCT: FOURTH QUARTER 2008 (PRELIMINARY) [Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 6.2 [later revised to 9.2] percent in the fourth quarter of 2008, (that is, from the third quarter to the fourth quarter), according to preliminary estimates released by the Bureau of Economic Analysis. http://www.bea.gov/newsreleases/national/gdp/2009/pdf/gdp408p.pdf Continued Unemployment Claims at Record High In the week ending Jan. 24, the advance figure for seasonally adjusted initial claims was 588,000, an increase of 3,000 from the previous week's revised figure of 585,000. http://www.calculatedriskblog.com/2009/01/continued-unemployment-claims-at-record.html
No, compared to when he took office in the midst of the worst recession in 80 years and an economy that was losing 700,000 jobs per month. Sorry for the disappointing news.
We're not back to the conditions we were in. Median household income is down over 4,000 per household because the "Obama recovery" has filled in the gap with low wage, no benefits McJobs. Only those invested for political purposes in lowered expectations for America would be pleased with that fact.
