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Economy Has Recovered All Private Sector Jobs Lost Since Obama Took Office (Chart)

Sunday, 06 May 2012 10:44 By Michael Linden, ThinkProgress | Report

As of April, there are now more private sector jobs in the United States than there were in January 2009, when President Obama took office. You read that right. We have now replaced all of the private sector jobs lost while Obama has been president. And that was no mean feat, given that over the course of 2009, the private sector shed about 4.2 million jobs.

Unfortunately, the news is not nearly so good when it comes to the public sector, where there are currently 607,000 fewer people working than there were when President Obama took office.

The chart below tells the whole story. Under President Obama, the private sector has experienced a relatively robust recovery, and is now back to where it started when he took office. The public sector continues to shed jobs, and as a result, the overall jobs picture in the US remains weak. If you want to understand why conservative efforts to slash funding for teachers, firefighters, cops is bad for the economy, look no further than this graph.

Cumulative change in payroll employment, in thousands, since January 2009

Originally published on ThinkProgress

Michael Linden

Michael Linden is the Director for Tax and Budget Policy at American Progress. Michael’s work focuses on the federal budget and the medium- and long-term deficits. He has co-authored numerous reports on the causes of and solutions to our fiscal challenges, including “Path to Balance,” which first proposed primary balance as an intermediate goal, and “A First Step,” which included a detailed plan for achieving that goal. Michael also coined the phrase “deficit peacock.” He is a frequent guest on CNBC, and his work has been cited by The New York Times, The Washington Post, and National Public Radio, among others.


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Economy Has Recovered All Private Sector Jobs Lost Since Obama Took Office (Chart)

Sunday, 06 May 2012 10:44 By Michael Linden, ThinkProgress | Report

As of April, there are now more private sector jobs in the United States than there were in January 2009, when President Obama took office. You read that right. We have now replaced all of the private sector jobs lost while Obama has been president. And that was no mean feat, given that over the course of 2009, the private sector shed about 4.2 million jobs.

Unfortunately, the news is not nearly so good when it comes to the public sector, where there are currently 607,000 fewer people working than there were when President Obama took office.

The chart below tells the whole story. Under President Obama, the private sector has experienced a relatively robust recovery, and is now back to where it started when he took office. The public sector continues to shed jobs, and as a result, the overall jobs picture in the US remains weak. If you want to understand why conservative efforts to slash funding for teachers, firefighters, cops is bad for the economy, look no further than this graph.

Cumulative change in payroll employment, in thousands, since January 2009

Originally published on ThinkProgress

Michael Linden

Michael Linden is the Director for Tax and Budget Policy at American Progress. Michael’s work focuses on the federal budget and the medium- and long-term deficits. He has co-authored numerous reports on the causes of and solutions to our fiscal challenges, including “Path to Balance,” which first proposed primary balance as an intermediate goal, and “A First Step,” which included a detailed plan for achieving that goal. Michael also coined the phrase “deficit peacock.” He is a frequent guest on CNBC, and his work has been cited by The New York Times, The Washington Post, and National Public Radio, among others.


Hide Comments

blog comments powered by Disqus