CNN Fact Check: About those 4.5 million jobs ...

[IGetItAlready]

It's a great sound bite, one that has been repeated often in the Democrat National Convention but that den of conservative activists over at CNN has done a little fact checking and the "arithmetic" just doesn't support the claim.

The facts:

The number Castro cites is an accurate description of the growth of private-sector jobs since January 2010, when the long, steep slide in employment finally hit bottom. But while a total of 4.5 million jobs sounds great, it's not the whole picture.

Nonfarm private payrolls hit a post-recession low of 106.8 million that month, according to the U.S. Bureau of Labor Statistics. The figure currently stands at 111.3 million as of July.

While that is indeed a gain of 4.5 million, it's only a net gain of 300,000 over the course of the Obama administration to date. The private jobs figure stood at 111 million in January 2009, the month Obama took office.

And total nonfarm payrolls, including government workers, are down from 133.6 million workers at the beginning of 2009 to 133.2 million in July 2012. There's been a net loss of nearly 1 million public-sector jobs since Obama took office, despite a surge in temporary hiring for the 2010 census.

Meanwhile, the jobs that have come back aren't the same ones that were lost.

 

[DiamondDave]

What... Obama and his crew LIE about this?? you have GOT to be JOKING!!!!!!






this is what many of us have been showing and saying for a LONG time now.. and the wingers on the far left just stick their fingers in their ears and continually scream "lalalalalalala"

 

[buckeye45_73]

What's funny is I read where there was a loss of like 5 million jobs, so it's a net of -500,000 jobs