CHART: Economy Has Recovered All Private Sector Jobs Lost Since Obama Took Office

Originally posted by timetothink
reply to post by Blackmarketeer

 

I am no statistician or accountant, but I have eyes and I don't see how this helps your case?

2001 = falling numbers....really bad year for America remember?
But I also see it as a result of Clinton's policies.

Then all through Bush's years it consistently went up.

Then when O took office and passed Obummercare it dove and now since GOP got some majority it is going up very slowly.

2001 was bad due to the Tech bubble, and it didn't have anything to do with administration policies. It was related to very poor investment and tech management decisions. They overbuilt the infrastructure and were loaning money to every Tom, Dick, and Harry who wanted to started up as an alternative service provider. They didn't care because it wasn't their money. Don't believe me? Look at what happened to Lucent Technologies, formerly part of AT&T, formerly Western Electric ... With Bell Labs as their development engine. That company basically went bankrupt and was bought out by Alcatel, a French telecomm firm ... Along with Bell Labs. Wall street investment companies and the heavy hitters like Lucent screwed that up.

I wish everyone would read up on the Bush tax cuts because they are not for the rich...more msm/liberal lies....the middle class will get crushed if they are allowed to expire.

What the payroll tax cut deal will do But no one should be surprised if they fight bitterly about it up until and possibly right through Christmas. Bush-era tax cuts: If Congress does nothing, the 2001, 2003 and 2006 tax cuts will expire at the end of December 2012. If they do expire, most Americans' tax bills would go up and the surge of additional revenue into federal coffers would greatly improve the deficit picture over the next decade. But many worry the overnight jump in taxes could hurt the economy if it's still weak. And others say higher rates across the board is not the most efficient way of reducing deficits.

money.cnn.com...


This is just a start I will keep researching.

Here's the thing..our income taxes have gone up even without the reduction of the Bush tax cuts....combine that with inflation, gas prices (which affect everything) and loss of interest on investments and retirement accounts...we are a mess...3 years ago everything looked great...saving for the future, helping kids get ready for college, decent vacay once or twice a year...cars paid off. Now we can't afford anything and our struggling with mortgage and utilities...had to break it to the kids that we can't help them with college. My husband's only recieved 3% raise over the last 3 years..(civil servant) .

So no chart is going to convince me things are better and if the Bush tax cuts expire the end of 2012...we will have to sell our home and probably have to leave the state of NY.

reply to post by Blackmarketeer


The title and graph are two different things. The graph is showing the monthly cumulative addition or loss of payroll positions. The fact that it returned to zero does not mean all the jobs were "recovered", it means that there is currently neither an increase nor a loss of payroll documented positions.

January 09 will show zero because that's the starting point (not because there weren't jobs lost that month)

February 10 shows about 4200 jobs lost, but that's over and above January 10.

Again, the title of the graph is: Cumulative Change in Payroll Employment, in thousands, since January 2009.

This graph cannot show that all private sector jobs have been recovered because it does not show this.

The image of the graph (the neat little U from zero to zero) doesn't mean we've come back to where we started. I mean, the image would seem to make someone think that, but what the graph is actually saying does not mean that at all.

Let's use real figures.

There are 100,000 jobs in America. In Feb 09 we lost 600.

In March 09 we lost 1500 jobs.

Keep going and by February 10 (the low point) we've lost a total of: 42,200 jobs. That leaves us with only 57,800 jobs left. Let's keep going. The curve starts to go up starting in February of 10:

Between March 10 and April of 12 we lost another: 51,100 (yes, I spent the time to add up all the numbers).

Now, clearly my making 100,000 jobs is pretty lowball. I just want real numbers so we can process this.

We lost, cumulatively (including the created jobs - in other words more jobs were lost, but jobs were also created so this balanced out and left us with the numbers in the graph) roughly 93,000 jobs.

Those jobs are still gone, per se, and the only thing the graph returning to zero means is that above and beyond those 93,000 lost jobs, no new additional jobs have disappeared (or at least, not more than what was created).

Also, devil's advocate, let's say that there were jobs recovered, "Payroll employment" doesn't say diddly-squat about whether we're talking full time, part time, good paying, minimum wage, etc. What was the lost job replaced with?

I hope what I said made sense as I feel this graph is highly manipulative.

I don't know, man. I'm still working for my associate's. Federal grant money will get me that far at my local community college. Beyond that, once I transfer to a university I am going to have to bite the bullet and take out loans to meet tuition... With a wife and two children, I desperately need a higher education. Right now we're having to bounce around hotels and family members houses, using what little money my wife makes as a fast food manager to pay our bills. My 4 years of work experience were with different construction trades with small local companies, but none of the companies lasted more than a year and a half thanks to the recession; all the bigger companies with a wider financial base were able to work the cheaper jobs on the cheaper houses, and I was left with less than 2 years experience in any one trade. You could definitely say I carry some of the responsibility due to taking the jobs with the small companies or in construction generally, and I don't deny that... It's just hard to find any entry-level job anywhere around here without a secondary education...

reply to post by NorEaster


since alot of the revenue coming into local communities, the branch of gov't that is paying the salaries of those policemen, firemen, and so forth, is coming in the form of property taxes, I am pretty sure that the real estate crash has a little to do with it also. and well, alot of those employee retirement funds had the toxic assetts from that real estate scam, alot of money was lost....
but shh!!! you don't want to upset the conserviative right too much!!!

I was just pointing out, the quality of the jobs we have now, the services that we have no, is less that what we had before the meltdown, in my opinion, so, I don't think it shows much improvement, if any.

I'd go further to say that any numbers coming from washington and the think tanks, be they left or right, are more than likely slanted to confirm the viewpoint of those presenting the numbers.

I'll believe what I see with my eyes in my own neck of the woods..Things aren't really getting better, unless of course, you are catering a sector of the economy that has a nice big influx of gov't money flowing into it.
and that is a good sign of a really, really sick economy!!!

What I see over and over again is people talking how our Federal Income tax pays for highways, schools infrastructure ect. ect. Show me proof that one penny of this goes anywhere but pay the interest on loans from the FED!

Originally posted by dawnstar
reply to post by NorEaster

 

since alot of the revenue coming into local communities, the branch of gov't that is paying the salaries of those policemen, firemen, and so forth, is coming in the form of property taxes, I am pretty sure that the real estate crash has a little to do with it also. and well, alot of those employee retirement funds had the toxic assetts from that real estate scam, alot of money was lost....
but shh!!! you don't want to upset the conserviative right too much!!!

I was just pointing out, the quality of the jobs we have now, the services that we have no, is less that what we had before the meltdown, in my opinion, so, I don't think it shows much improvement, if any.

I'd go further to say that any numbers coming from washington and the think tanks, be they left or right, are more than likely slanted to confirm the viewpoint of those presenting the numbers.

I'll believe what I see with my eyes in my own neck of the woods..Things aren't really getting better, unless of course, you are catering a sector of the economy that has a nice big influx of gov't money flowing into it.
and that is a good sign of a really, really sick economy!!!

Regarding property taxes, it's funny that the value of my home has dropped 40% while the real estate and property taxes have dropped zero, zilch, nada. So, I am not so sure about the reduction in local government services being related to the real estate bubble.

Originally posted by timetothink
I wish everyone would read up on the Bush tax cuts because they are not for the rich...more msm/liberal lies....the middle class will get crushed if they are allowed to expire.

What the payroll tax cut deal will do But no one should be surprised if they fight bitterly about it up until and possibly right through Christmas. Bush-era tax cuts: If Congress does nothing, the 2001, 2003 and 2006 tax cuts will expire at the end of December 2012. If they do expire, most Americans' tax bills would go up and the surge of additional revenue into federal coffers would greatly improve the deficit picture over the next decade. But many worry the overnight jump in taxes could hurt the economy if it's still weak. And others say higher rates across the board is not the most efficient way of reducing deficits.

money.cnn.com...


This is just a start I will keep researching.

Here's the thing..our income taxes have gone up even without the reduction of the Bush tax cuts....combine that with inflation, gas prices (which affect everything) and loss of interest on investments and retirement accounts...we are a mess...3 years ago everything looked great...saving for the future, helping kids get ready for college, decent vacay once or twice a year...cars paid off. Now we can't afford anything and our struggling with mortgage and utilities...had to break it to the kids that we can't help them with college. My husband's only recieved 3% raise over the last 3 years..(civil servant) .

So no chart is going to convince me things are better and if the Bush tax cuts expire the end of 2012...we will have to sell our home and probably have to leave the state of NY.

What middle class are you speaking of? Maybe there is one still in NY, but there isn't a middle class to be seen in my neck of the woods. Only haves and have nots. I am not trying to be sarcastic or debate you on the tax cuts, but really, where are these middle class people?

reply to post by Blackmarketeer

this is a joke right? I believe the unemployment rate is still being reported at like 10% and that's being generous.

the economy will recover when the occupying domestic terrorist is gone from office... sadly being handicapped and all, we're going to have to deal with another 4 years of this crapola more than likely.

thankfully I'm a tradesman.

reply to post by Blackmarketeer


Is it coming up to election time again?, it must be because the rubberband figures are being pullled from the crock 'o #e.

Originally posted by tkwasny
I can make a spreadsheet sing "Mary Had A Little Lamb" when it is opened. Numbers are determined by the HONESTY of the functions instituted upon the inputs.

I love this.....and four out of five dentists agree with me

My graph shows that 73.7% of statistics are skewed in favor of the statistician's view.

reply to post by hounddoghowlie


I concur with you, the chart and all the official unemployment propaganda being spewed by the media is pure b.s. I closed my consulting business as well, everyone I know has gone bankrupt or closed. I know CTOs and CFOs that had 30%+ shares in a business that are now after 20 years are working at an entry level position elsewhere. Half the people I know are out of work and can't pay their student loans... Great, a backherlors, a masters, even a phd and these guys can't find work... I'm lucky, I still have a paycheck... I've been told my position is outsourced but the indians can't figure out how to do my job yet... so, I've got time..

The original post is just propaganda... FYI, it's not just obama, bush, bernanke, greenspan, all these bastards along with 500 of the gang of 535 in congress are responsible.

Change the way to measure numbers and show what you want people to see

It's that simple

This chart is deceptive.

How much in tax dollars were spent on these jobs, versus the productive output of said jobs?

How many of these jobs are temporary? Either actually temporary jobs, or jobs that exist simply because of stimulus, etc.

How does the wage distribution change over the duration?

How does this chart compare with population growth over the same period? Also consider that while there are a lot of boomers retiring, the current generation of people entering the workforce is larger, further increasing the size of the workforce overall.

Also on that note, with an already cash strapped social net, and more and more people entering retirement, this "growth back to the starting point" is no where near enough to keep up.


In terms of this being a reflection of Obama's economic policy, I would liken it more to rearranging the chairs on the Titanic, ie stealing from the electorate, 'investing' it into shortterm economic booms, to make big numbers that they can flaunt as points of success.

reply to post by Blackmarketeer


Your post contains a meaningless statistic. A much more meaningful statistic would show the total adjusted gross and net payroll in dollars. When someone loses a $75,000 a year job, and goes to work at McDonalds for $8 an hour, there is no change in total jobs, however, of course, there is a huge cut in pay. Furthermore, people such as the example I gave, are probably holding 2 or 3 jobs just to make ends meet. Others have not been able to get any job.

Obama is just not a leader at all. He is a panderer to any and everybody. The biggest puppet we've ever had in the WH. Please remember when Obama put his budget up for vote, it lost 0 - 414!!! He knows he can't win re-election if the question is "Are you better off now than 4 years ago?" That is exactly why they have changed the question to "Will you be better off in 4 years than you are now?" This is coming from Obama's camp. Don't you think he would take full advantage of the OPs graph if it was realistic. We all know that answer. Obama = Failure

This isn't "Breaking", this isn't "News", this is just politics and cooked numbers. Next!

Originally posted by sonnny1

The economists AP surveyed said they believe the economy has entered such a "virtuous cycle." But they said they don't expect unemployment to reach a healthy level — below 6 percent — until 2015 or later.

Last Month's Employment Numbers Dropped Way More Than Expected

Hmmm.........2015,or later......

Americans cant wait that long.

Sorry.

Sorry...

But America cannot afford to cut off all the people who are willing to work but cannot find jobs.

And you guys know the right wing who wants to slash or eliminate this income will also further
reduce the amount of money that is circulating in the economy.

America can afford a slow recovery, America cannot afford blind slashing just as things are
picking up.

Re instating Gung Ho Corporatist policies, is a stupid way to recover from the
effects of Gung Ho Corporatist policies.

The GOP and trickle down crowd know very well that the public easily forgets
the build up to this little party we now bask in, it is simple.

Isn't it neato that the corporatists engineered this mess, they got paid from it,
then they use it again to slash benefits (which resulted form their actions)
they use it to crush unions and they use it to get more tax breaks.

My American Conservative friends have got to be part of the lowliest minded
human beings on the planet not to detect this common theme.

Originally posted by Blackmarketeer
reply to post by ldyserenity

 

According to the BLS these do not include farm jobs. Again, the sources for the figures are the Bureau of Labor Statistics, May 4 2012, and as mentioned in the charts "seasonally adjusted".

OK but I work at a packing plant which is agriculture and seasonal not a farm job so it is considered a company. And it's part time and it's seasonal so these would bring the statistics up and yes they have illegals there working.

Originally posted by Sphota
reply to post by Blackmarketeer

 

Let's use real figures.

There are 100,000 jobs in America. In Feb 09 we lost 600.

In March 09 we lost 1500 jobs.

Keep going and by February 10 (the low point) we've lost a total of: 42,200 jobs. That leaves us with only 57,800 jobs left. Let's keep going. The curve starts to go up starting in February of 10:

Between March 10 and April of 12 we lost another: 51,100 (yes, I spent the time to add up all the numbers).

Yes Lets

in January 09 the month Obama took office America lost 700,000 jobs REAL NUMBERS

This last month, using the same metrics America gained 115,000 jobs

That is 815,000 net positive correlation

You real "figures" are not very real at all