By Sudeep Reddy
President Barack Obama has spent nearly all of his tenure with a net loss in jobs during his time in office. Now that has changed.
The number of jobs is now up slightly since Mr. Obama took office in January 2009. With the latest jobs report, current Labor Department figures show the total number of payroll jobs at 133.8 million, up 194,000 from January 2009. (The president actually topped the hurdle in September, based on the upward revision to that month released today.)
Private-sector payrolls are up 759,000 since January 2009. Government jobs are down 565,000 under Mr. Obama’s tenure.
The payroll growth is more substantial once the Labor Department‘s annual revisions are taken into account. The preliminary benchmark revision, which takes effect in February 2013, would add 386,000 overall jobs, or 453,000 private-sector jobs, to the payroll count for March 2012.
Adding in those revisions, total payrolls are up by 580,000 since January 2009 and private payrolls are up 1.2 million.
Of course, presidents can inherit good economic trends and bad economic trends when they take office. President George W. Bush came into the White House with a recession starting in the aftermath of the 1990s tech boom. The economy lost about 2 million jobs in his first year in office. During Mr. Obama’s first year in office, the economy lost about 4.3 million jobs.
The economy under President Bush added 1.1 million jobs over eight years based on the total payroll count between January 2001 and January 2009. That number was positive only because the number of government jobs rose during those years. Private-sector employment fell by 646,000 during his presidency.
The latest tick up in the unemployment rate, to 7.9% in October, puts it just above the 7.8% in January 2009 when Mr. Obama took office.
This article is pablum…..for you PuffHo sheeple out there, that is baby food. The real problem is our 16 trillion dollar debt (really 100T with long-term pension costs factored in) which is growing at 1T+ per year. MISTER Obama was supposed to fix this, as has every president since Wilson created the FED. The cosmic joke continues….and the sheeple do not get it.
Can you label your axes next time you make a graph? I can’t tell what those percentages mean. If its truly ‘change in the number of jobs’, then we should have a radically larger unemployment number than we do. If the graph is just showing number of jobs as a percentage then the numbers jive, but the graph title doesn’t indicate that.
It is true and Obama uses all his potential to crate work he is one person and if he crate and give the opottunity for every one to work why not every person try to crate job ?why evry one wait spoon food ?why they wait for another leader ? If there are posibilities why not they uses ?He did not restricted?
Rich wrote :
“Don’t forget that President Bush inherited 911, and still our recovery was quite remarkable in spite of it.”
Do you mean he inherited the Dot Com bubble bust? 9/11 happened nearly 9 months into his presidency.
Yep – as expected, the commenters here skew toward “if it’s from Obama, it must be bad”. This is the WSJ folks – it’s where you go for your conservative fill. Bottom line is that – leyond all the parsing and avoiding here – the image of Obama as a government-expanding, private-sector-reducing President is another phantasm of your fever dreams.