Since early 2010 Obama and his team has created over 15 million jobs in the private sector/non-farm jobs. A lot of people see this as the slowest recovery in our economy since WWII but earlier this year at the state of the union address Obama stated "Anyone claiming that America's is in decline is peddling fiction." In February 2010 when our employment was at the lowest point after the recession we had under 130 million people employed, even though it has taken 6 years to get to this point it is definitely impressive to see the change. When CNN stacked him up against past presidents who have done well getting jobs back in our economy he still behind Presidents Clinton (22.9 million jobs) and Reagan (18.1 million jobs), but he's left President George W. Bush (8.2 million jobs) in the dust. I feel like looking at unemployment and jobs is important because of the debate now and how that is a big topic between the two presidents. It is also important because we are going to be looking for jobs soon so we should know how the economy is doing and how our chances are of getting a job right after graduation, with what Obama has done hopefully it stays on the upward trend and there are plenty of jobs for us.
http://money.cnn.com/2016/10/07/news/economy/obama-15-million-jobs/index.html?iid=SF_LN
Unemployment is an important topic to discuss, but I find it interesting that the article decides to not start counting Obama's job creation until February 2010, in which he is more easily able to create jobs rather than lose them to the housing crisis. In addition, they also count all the jobs lost in relation to the housing crash of December 2007 in the total of Bush, which would mathematically skew the difference between Bush and Obama. Bush takes credit for job losses, even if it was the banks' fault, while Obama does not take credit for them in CNN's total count.
ReplyDeleteThis is a great article, but I think they need to look at the bigger picture here, yes Obama has created jobs and made the unemployment rate low, but the labor force participation rate is also down, which means people aren't even looking work. Our economy is in a great state right now, but their is always room for improvement, it will be interesting to see how the next president effects our economy in the future.
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