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The scorecard: Private sector job growth under Bush: -646k. Under Obama: +967k.
Friday’s employment report brought the jobless rate down to 7.8% from 8.1%, bringing it back to where it was when President Barack Obama took office in January 2009.
The payroll report also shows growth under Obama once the Labor Department’s annual benchmark revision is taken into account. Under the Labor Department’s current data (before the annual revision), total payrolls are down 61,000 since January 2009. Private payrolls are up 514,000 while government payrolls are down 575,000.
The preliminary benchmark revision, announced last week, takes effect in February 2013. It would add 386,000 overall jobs, or 453,000 private-sector jobs, to the payroll count for March 2012.
The payroll report also shows growth under Obama once the Labor Department’s annual benchmark revision is taken into account. Under the Labor Department’s current data (before the annual revision), total payrolls are down 61,000 since January 2009. Private payrolls are up 514,000 while government payrolls are down 575,000.
The preliminary benchmark revision, announced last week, takes effect in February 2013. It would add 386,000 overall jobs, or 453,000 private-sector jobs, to the payroll count for March 2012.
http://blogs.wsj.com/economics/2012/10/05/jobs-under-obama/
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