Unemployment under Obama, a clear list with numbers!

whygohome

http://www.huffingtonpost.com/2012/11/0 ... 67260.html

Obama's Unemployment Rates: A Look Back Through The First Term

President Barack Obama entered the White House just as U.S. companies were brutally slashing jobs. In the past two years, the economy has slowly regained those jobs. That has left Obama with a small net gain of jobs during his term.

The worst month of the recession was January 2009, when employers cut 818,000 positions. It was also when Obama entered the White House. Over the next three months, employers cut 2.2 million more jobs. The cuts continued through February 2010. By then, the economy had shed 4.3 million jobs.

Businesses began to steadily add jobs in March 2010. In the 32 months since then, the economy has regained 4.9 million jobs. That includes 368,000 jobs that the Labor Department has said were added in the year that ended in March 2012, but that it hasn't assigned to specific months yet.

The net result is that the economy has added 562,000 jobs during Obama's time in the White House. The economy has added almost that many in just the past three months.

Obama's total compares with a net loss of 13,000 jobs in President George W. Bush's first term, from 2001 through 2005. Bush added 1.1 million in his second term. Job gains under President Bill Clinton totaled 11.5 million in his first term and 11.2 million jobs in his second.


Here are the monthly job changes and unemployment rates since Obama was inaugurated:
Month / Job gain/loss (in thousands) / Unemployment rate

Feb-09 -724 8.3 %
Mar-09 -799 8.7
Apr-09 -692 8.9
May-09 -361 9.4
Jun-09 -482 9.5
Jul-09 -339 9.5
Aug-09 -231 9.6
Sep-09 -199 9.8
Oct-09 -202 10.0
Nov-09 -42 9.9
Dec-09 -171 9.9
Jan-10 -40 9.7
Feb-10 -35 9.8
Mar-10 189 9.8
Apr-10 239 9.9
May-10 516 9.6
Jun-10 -167 9.4
Jul-10 -58 9.5
Aug-10 -51 9.6
Sep-10 -27 9.5
Oct-10 220 9.5
Nov-10 121 9.8
Dec-10 120 9.4
Jan-11 110 9.1
Feb-11 220 9.0
Mar-11 246 8.9
Apr-11 251 9.0
May-11 54 9.0
Jun-11 84 9.1
Jul-11 96 9.1
Aug-11 85 9.1
Sep-11 202 9.0
Oct-11 112 8.9
Nov-11 157 8.7
Dec-11 223 8.5
Jan-12 275 8.3
Feb-12 259 8.3
Mar-12 143 8.2
Apr-12 68 8.1
May-12 87 8.2
Jun-12 45 8.2
Jul-12 181 8.3
Aug-12 192 8.1
Sep-12 148 7.8
Oct-12 171 7.9

pjl44

Unfortunately, this is a very small piece of a large pie. Even as it relates solely to "jobs," these figures don't account for real unemployment, underemployment, or the details and nature of the "jobs" created.

The discussion on job creation during this election cycle is whistling past the graveyard, as it's focusing on a symptom rather than the disease. There's been very little discussion on our economic and monetary policies, actions by the Federal Reserve and banks, and additional impending debt bubbles. These are problems that can't solely be laid at the feet of Obama, Bush, etc., but the cumulative effect of decades of bad policy. Until we start facing and dealing with these realities, what we've lived the last 5-6 years is only the beginning of our new reality.

whygohome

pjl44 wrote:

Unfortunately, this is a very small piece of a large pie. Even as it relates solely to "jobs," these figures don't account for real unemployment, underemployment, or the details and nature of the "jobs" created.

The discussion on job creation during this election cycle is whistling past the graveyard, as it's focusing on a symptom rather than the disease. There's been very little discussion on our economic and monetary policies, actions by the Federal Reserve and banks, and additional impending debt bubbles. These are problems that can't solely be laid at the feet of Obama, Bush, etc., but the cumulative effect of decades of bad policy. Until we start facing and dealing with these realities, what we've lived the last 5-6 years is only the beginning of our new reality.

Well put. This is a systemic issue. Unfortunately, nothing has been done in over a decade to fix the system. The country has had other priorities.

gimmesometruth27

other priorities...

like bringing democracy at the barrell of a gun to countries that do not necessarilly want it...

:fp:

pjl44

gimmesometruth27 wrote:

other priorities...

like bringing democracy at the barrell of a gun to countries that do not necessarilly want it...

:fp:

All too true. Glad that's changed in the last four years.

DS1119

fear4freedom

DS1119 wrote:

LIBYA