President Obama – where have the 6,851,000 jobs gone?
Posted by 5etester on February 4, 2012
Have to throw my two cents in on the latest unemployment numbers. It’s becoming quite clear that Obama is going to have his high 7/low 8 unemployment number for the November election. That allows him to sell his stimulus as a success if the number is below 8% as he promised taking away one of the GOP’s biggest talking points of the last couple of years. They had better start selling the numbers that really matter which is the number of employed people in this country, rather than the skewed numbers of the unemployed.
Directly from the Bureau of Labor Statistics, Table A, Household Data. The number not in the labor force. January 2012 – 87,874 (in thousands). The number from January 2009 when Obama took office – 81,023 (in thousands). Subtract the difference and we get 6,851 (in thousands).
It means we have 6,851,000 less people working today than we had when Obama took responsibility. Nearly 7 million less Americans working (and paying taxes) today than just 3 short years ago. Obama can’t dispute those numbers because they’re from his own agency, the same one he uses to promote the unemployment rate number. He can claim his stimulus created millions of new jobs but the numbers don’t support it.
The GOP better get it together quick and start harping on the relevant numbers everyday so the squishy middle gets it before election day.
Disclaimer – all of these numbers are BLS numbers which are highly suspect based upon their methodology. However, it helps to use the same source Obama is citing when refuting his claims.
17 Responses to “President Obama – where have the 6,851,000 jobs gone?”
Sorry, the comment form is closed at this time.