America's North Shore Journal » American Economy, Analysis, Original writing, Reporting, Unemployment » Obama Administration job claims

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Obama Administration job claims
July 24th, 2010 | Comments Off
| January 2009 |
June 2010 |
Change | ||
| Employed | 142,221,000 | 139,119,000 | -3,102,000 | LOSS |
| Total Unemployed | 12,653,000 | 15,830,000 | 3,177,000 | INCREASE |
| Unemployed | 11,919,000 | 14,623,000 | 2,704,000 | INCREASE |
| Discouraged | 734,000 | 1,207,000 | 473,000 | INCREASE |
| True unemployment rate | 8.90% | 11.38% | INCREASE | |
| Participation rate | 65.70% | 64.70% | -1.00% | DROP |
| Employment/Population ratio | 60.60% | 58.50% | -2.10% | DROP |
The White House and its allies have been touting the claims contained in the Council of Economic Advisers’ latest quarterly report that
the Recovery Act is already responsible for 2.5 to 3.6 million – or about 3 million – jobs
The table above was created using the data from the U.S. Department of Labor Bureau of Labor Statistics. These are the government’s own numbers, used by their agencies and a wide variety of private businesses for planning and decision making.
The number of Americans employed has decreased by over 3.1 million since the Obama administration took office. True unemployment, the total unemployed and the total discouraged from looking for work, has increased over the same time frame by nearly 3.2 million Americans.
True unemployment includes those unemployed and looking for work and those no longer looking, the discouraged. The true unemployment rate on January 31, 2009 was 8.9%. As of June 30, 2010 it was 11.38%.
When the Obama Administration took office, 65.7% of the population participated in the work force. That rate is now 64.7%. In January 2009, 60.6% of the population was working and that rate is now 58.5%.
For the White House claims to be correct, either the BLS data is wrong, or the Recovery Act prevented unemployment from reaching a level of 6 million Americans. The data clearly demonstrates that about 3 million fewer Americans are no longer working.
Filed under: American Economy, Analysis, Original writing, Reporting, Unemployment · Tags: American unemployment, graphs illustrating unemployment, U.S. unemployment, unemployment rate, unemployment under Barack Obama
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