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



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Obama Administration job claims

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.

U.S. employment levels, 2009-2010, BLS data. Click for a larger image.

Numbers of Americans unemployed 2009-2010, BLS data

Numbers of Americans unemployed 2009-2010, BLS data. Click for a larger image

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%.

Americans no longer looking for work 2009-2010, discouraged, BLS data

Americans no longer looking for work 2009-2010, discouraged, BLS data. click for a larger image.

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%.

U.S. civilian labor force participation 2009-2010, BLS graph

U.S. civilian labor force participation 2009-2010, BLS graph. Click for a larger image.

U.S. employment to population ratio, BLS. graph

U.S. employment to population ratio, BLS. graph. Click for a larger image.

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: , , , ,

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