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November 2, 2012
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1. Almost 4 Million Fewer Jobs than Projected: In January 2009, the Obama Administration forecast there would be 137.6 million jobs in December 2010. Instead there were 130.3 million jobs in December 2010. Even 22 months later in October 2012, there are just 133.8 million jobs – 3.8 million fewer th...
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October 11, 2012
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Before Obama* After Obama** Change Jobs (Payroll Employment) 136.8 million 133.5 million (9/2012) - 3.3 million Not in Labor Force 79.5 million 88.7 million (9/2012) + 9.2 million People in Poverty 39.8 million 46.2 million (CY 2011) + 6.4 million Welfare Recipients (TANF) 4.0 million 4.5 million (...
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October 10, 2012
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Last week’s jobs report showed that the Obama Administration’s failed economic policies resulted in the addition of just 114,000 net new jobs in the month of September. As the Brookings Institution chart below shows, at this pace, it will take well past 2025 until all the jobs lost during the last ...
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October 5, 2012
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1. 4.1 Million Fewer Jobs than Projected: In January 2009 the Obama Administration forecast there would be 137.6 million jobs in December 2010. Instead there were 130.3 million jobs in December 2010. Even 21 months later in September 2012, there are just 133.5 million jobs – 4.1 million fewer than t...
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October 4, 2012
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If it wasn't bad enough that the Obama Administration has been unable to create a climate conducive to job creation, as the table below shows, their failed policies have resulted in massive numbers of Americans giving up their job search entirely and leaving the labor force. Since the “recovery” beg...
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September 28, 2012
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President Obama's economic adviser, Alan Krueger, noted on September 27, 2012 that "total employment likely grew by 386,000 more jobs than previously announced during the 12 months from March 2011 to March 2012." The changes were the result of a "preliminary estimate of the upcoming annual benchmark...
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September 5, 2012
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Then “Certain industries, such as construction and manufacturing, are likely to experience particularly strong job growth under a recovery package that includes an emphasis on infrastructure, energy, and school repair.” (page 2) “The estimates suggest that 30% of the jobs created will be in construc...
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August 31, 2012
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Then "A well designed recovery plan will not only create numerous jobs, but also many jobs paying good wages and providing full-time employment." (The Job Impact of the American Recovery and Reinvestment Plan, January 2009) Now "While a majority of jobs lost during the downturn were in the middle ra...
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August 30, 2012
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As Americans prepare to honor the economic contributions of workers this Labor Day, they are faced with yet another year of disappointing labor data, courtesy of the failed economic policies of the Obama Administration. As described below, the “Obama Recovery” has come to be defined by: 1. Persisten...
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August 9, 2012
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During the Obama Administration (that is, between January 2009 and July 2012), the number of people not in the labor force has grown by 7.8 million, according to the Department of Labor’s household survey. Meanwhile, during that same time, employment has grown by only 33,000 according to the same o...
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COMMITTEE on WAYS and MEANS