Freewill
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- Oct 26, 2011
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Obama?s Numbers (January 2014 Update)
This increase is modest by historical standards.
Other bonuses about changes since Obama took office from this report:
1) 3,246,000 net gain of private sector jobs since Obama took office. 2.5x more jobs in 5 year than in Bush's 8.
2) The unemployment rate in December was 6.7%. Lowest in 5 years.
3) "discouraged workers" is hardly the only reason for the low participation in the workforce. The other major factors are retirees and more disabled workers. Also the declining participation rate started before Obama took office.
4) All energy industries, including Big Oil, are booming.
Some negatives:
1) Public debt has risen greatly.
2) state and local jobs are declining. However federal jobs have increased.
One at at time, from the BLS:Labor Force Statistics from the Current Population Survey
Bureau of Labor Statistics Data