Sunday, February 5, 2012

Obama's Job Creation Record

The full chart can be seen at http://my.democrats.org/Jobs-Chart.

The Obama administration feels the President's jobs record is being distorted by his Republican opponents. The Democratic Party distributed this information to try to set the record straight. The data are from the U.S. Bureau of Labor Statistics (BLS), the government agency that calculates and publishes the official record of labor market activity.

Note that this graph is for private sector jobs. If you take a closer look at the monthly labor reports you will see that government employment has been decreasing during much of this period. In other words, if the number of federal government jobs were not decreasing, the employment situation would be even better.

There is a legitimate debate to be had about the extent to which current policies have helped or hindered economic recovery. The Congressional Budget Office (CBO), the government agency of professional economists who advise all members of Congress about the impact of proposed policies, has consistently reported that recent government stimulus spending has aided the economic recovery and has improved U.S. employment from what it would have been in the absence of such spending. It is not a popular message with the opponents of the President. But it is consistent with mainstream economic theory.

8 comments:

  1. I am not impressed with the obama job creation record.

    ReplyDelete
  2. This article has noticed the main detail concerning the unemployment in America. To my mind, no matter what kind of a job creation record Obama will do, it can never change the main thing. The crisis is everywhere. They say if you want to do something good - do it yourself. I suppose if we want to have a good and wealthy life, we should make the future ourselves. If you are in need of some money there is nothing to shame. Well, I guess we are lucky as there are many loan services online. I have tried many of them. Some online loans were tricky and dishonest. But recently I decided to obtain quicken online loans. I have never thought it is so safe and easy to get some money via the Internet. You do not have to waste your time and stretch your nerves.

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