Posts Tagged ‘PBO

04
May
12

‘Economy Has Recovered All Private Sector Jobs Lost Since PBO Took Office’

ThinkProgress: As of April, there are now more private sector jobs in the United States than there were in January 2009, when President Obama took office. You read that right. We have now replaced all of the private sector jobs lost while Obama has been president. And that was no mean feat, given that over the course of 2009, the private sector shed about 4.2 million jobs.

Unfortunately, the news is not nearly so good when it comes to the public sector, where there are currently 607,000 fewer people working than there were when President Obama took office.

The chart below tells the whole story. Under President Obama, the private sector has experienced a relatively robust recovery, and is now back to where it started when he took office. The public sector continues to shed jobs, and as a result, the overall jobs picture in the US remains weak. If you want to understand why conservative efforts to slash funding for teachers, firefighters, cops is bad for the economy, look no further than this graph.

Thanks BWD

****

****




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Joe: This has been an extraordinarily successful two years legislatively
  • Can higher education help bridge the political divide?
  • Paul Manafort doesn't apologize in first in-depth interview since prison
  • Indiana lawmaker signals alarm on impact of new abortion law
  • Joe: It enrages me when people love the U.S. if their party, person is in power

Categories

Archives

Blog Stats

  • 43,264,622 hits
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031