Obama’s Real Jobs Failure, Forget The Rates
By now just about everybody knows the August unemployment rate dropped to 8.1% while only 96,000 new jobs were created, and may even know how the rate can drop on such anemic job growth. But there’s a less convoluted set of real numbers that show the truer, and more epic, failure by President Obama.
Using the actual numbers from the Bureau of Labor Statistics and without playing “labor force obfuscation” with them the picture is clearly even worse than imaginable. I’m also giving President Obama the largest possible benefit of the doubt by only looking at 2012, allowing for his first 3 years in office to establish the greatest possible impact of his job creation programs.
As of January 2012:
113,845,000 people were employed full-time
27,739,000 people were employed part-time
2,809,000 people were unemployed but looking for work
As of August 2012:
114,388,000 people were employed full-time
27,757,000 people were employed part-time
2,561,000 people were unemployed but looking for work
The chart below shows the actual increase in numbers between January and August 2012:
The chart below shows the percentage increases between January and August 2012:
No manipulation, no convoluted formulas and no obfuscation just simple irrefutable math that graphically displays the abysmal failure of the President’s programs. Then again when you haven’t met with your Jobs Council in more than six months, it’s hardly surprising though it is quite disturbing.
After three years and almost a trillion dollars in stimulus funds the only thing President Obama has to show us is barely twice as many new full-time jobs as people who just gave up in his most recent eight months in office.
Hardly what I’d call a serious commitment to job creation, maybe he’s just too busy worrying about his own job preservation, and we’re certainly not moving “Forward”.