Posts Tagged ‘Recovered

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

  • President Biden arrives in South Korea for Asia trip
  • Tom Nichols: Three signs Putin may be reassessing his plans
  • Steve Rattner: I'm not predicting an immediate recession but road ahead doesn't look great
  • Joe: Trump still has sway in the party, but it's nothing like it was in '20
  • Petraeus: Ukraine has won by keeping Russia from achieving its main objective

Categories

Archives

Blog Stats

  • 43,233,485 hits
May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031