WOWBama Nation Wrote:
-------------------------------------------------------
> Read it and weep...
>
>
http://money.cnn.com/2012/09/27/news/economy/obama
> -job-creation/index.html
OK dummies and partisan knuckleheads, here's the real deal as far as this talking point goes.
Obama took office at near the lows of the crash. The +4 million jobs added is measured from that low point which, while serving political purposes, is rather arbitrary in the overall scheme of things.
So, if you look at CNN's and similar graphs that attempt to make the numbers look better, you'll see that the numbers appear to have improved:
However, as above, that's misleading when viewed in the context of the overall employment situation over time. We're still down some ~4.5 million jobs from where we should be as shown below:
In addition, if you factor in necessary growth just to keep up with population/workforce growth, the picture becomes even worse:
Bottom line: We've crawled back to about the break-even point from where we were when Obama took office. We're still down about 4.5 million jobs or about 1/2 of where we should be (i.e., we've recovered 4.5 million we should be at 9 million).