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Democracy4Sale wrote: Your inability to use Google is not my problem.
And if it was 4.2 million a month ago, and now it's 4.3 million, well, golly...."Improvement happens."
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Obama, June 14: Our businesses have gone back to basics and created over 4 million jobs in the last 27 months — (applause) — more private sector jobs than were created during the entire seven years before this crisis — in a little over two years.
Obama is referring to the increase in private-sector jobs from February 2010 to May 2012. He uses February 2010 as the starting point, because that was the low point for private employment at 106,773,000 jobs. It’s been going up ever since. Right now, it’s at 111,040,000 — an increase of 4,267,000 jobs, according to the Bureau of Labor Statistics.
So, the president is correct about the number of jobs created in the last 27 months.
But then he uses an economic sleight of hand when he compares his best 27-month period with the first seven years of President Bush, ignoring the fact that Bush inherited an economy on the brink of a recession.
Soon after Bush took office, the U.S. economy officially fell into a recession — which lasted from March 2001 to November 2001, as measured by the National Bureau of Economic Research. There is always a lag in job growth after a recession officially ends, and the low point for private-sector employment was not reached until July 2003, when it fell to 108,232,000. By October 2005, which would be 27 months after the job slump ended, the U.S. had 112,491,000 jobs — an increase of 4,259,000 jobs. That’s nearly identical to Obama’s best 27 months after the recession, as you can see from the chart below.
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Democracy4Sale wrote: Your inability to use Google is not my problem.
And if it was 4.2 million a month ago, and now it's 4.3 million, well, golly...."Improvement happens."
Please Log in or Create an account to join the conversation.