Chart: Obama vs. Bush: Private Sector Job Growth (First 52 Months)

There is a lot of Republican right-wing misinformation about the state of the economy and private sector job growth. And breathtaking in their ineptitude are conservatives who believe President Obama is presiding over a net private sector job loss economy. This simply is untrue. I don’t say this because it’s my opinion, I say it because the data gathered by the Bureau of Labor Statistics shows net private sector job growth since January 2009 of almost 2.6 million jobs. It’s not something that can be disputed because we have actual data and record keeping. It’s information that anybody can research, but it requires a lot less conjecture and a little more work, which might produce a result that would not comport to right-wing narratives.

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Employment Situation: ‘Losing Faith In Humanity’ Edition

When you see an article titled (“73% of New Jobs Created in Last 5 Months Are in Government“) you know you need to take a deep breath and say aloud “serenity now.” Because anybody who has paid attention to the Bureau of Labor Statistics reports over the past months and years knows that the public sector (i.e. “government”) has shed jobs almost every month in the aftermath of the Great Recession. And if you wish to maintain your sanity, I advise you to steer clear of that article’s comments section.

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Unemployment Rate Falls To 7.8 Percent, Ending Another Republican Talking Point

There goes one more Republican talking point against President Obama. Just as Mitt Romney and Republicans can no longer say there are fewer jobs now compared to when Obama took office, they also cannot say the unemployment rate has been above 8% for (x) months. That’s because today the Labor Department released September’s job numbers and the unemployment rate fell to 7.8% from 8.1% in August. It’s the lowest unemployment rate in 44 months, equaling the unemployment rate when President Obama took office. Note that the unemployment rate peaked at 10% later in 2009, so the economy has shown steady improvement for three years.

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If government was willing, the unemployment rate could be as low as 5%

Another month end, another jobs report. On Friday we received the numbers for August and it was both good news and bad news for President Obama. The good news is that the economy added 163,000 jobs in July which was well above analyst expectations. The bad news is that the unemployment rate ticked up from 8.2% to 8.3%. That small of a change in the unemployment rate (in either direction) isn’t really significant, but the unemployment rate could be several whole points lower by now if government did what it always does in a bad economy: spend money.

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Mitt Romney’s ‘you didn’t build that’ moment

President Obama accurately explained in a recent speech (used out of context by the right for political gain) that the people who start businesses rely on the infrastructure that “We the People” have built. In a civil and democratic society, we collectively build the roads, bridges, schools and employ the teachers that make it possible for anyone with a dream to pursue it and start a business. Remove politics from the equation and you won’t find many who would disagree with this, but there are many who forget it when they say government is the problem, not the solution. This is not a zero sum game. The success of business, the economy and capitalism itself can be achieved through hard work in both the public and private sectors.

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‘Only’ 120,000 Jobs Added In March, But Public Sector Job Losses Continue To Shrink

The Bureau of Labor Statistics reports that 120,000 jobs were added to the U.S. economy in March. This is the 15th straight month of job gains when combining public and private sector. It is the 25th straight month of private sector job growth. The unemployment rate dropped from 8.3% to 8.2% but this was largely due to people dropping out of the labor market. The breakdown for March is 121,000 private sector jobs added and 1000 public sector jobs lost.

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