Job loss numbers in graphic form

job growth numbers as of June 2010

Veronique de Rugy posted this graphic at National Review Online. Notice her source is the Bureau of Labor Statistics, which tracks actual employment numbers rather than guesstimates based on stimulus dollars spent and multipliers (i.e., if we spent X amount of money we must have created Y number of jobs; no need to actually count them!). She cites January 2008 as the beginning of the recession; the Recovery Act, a.k.a. the stimulus, passed in February 2009.

Oh, and the bill for that $862 billion Recovery Act is in the mail.

63 comments Add your comment

Tyler Durden

June 28th, 2010
6:40 am

Interesting point; certainly the pace of the recovery has been far slower than anyone would like.

Unfortunately for the echo chamber: while the official recession may have started in Jan 08, anyone with a modicum of intelligence realizes that the factors leading to it began well before then. And let’s not forget that the economy stagnated for over a year before officially dipping into a recession. So with that in mind: let’s avoid cooking the books just to support the Party of No’s ongoing PR battle.

Remember: unemployment during the Reagan crisis peaked in ‘83, yet everyone LOVES to say it was Carter’s fault and should be blamed on him. Does Obama get the same 3+ year grace period? And at last check, there will be FAR reaching benefits from the Recovery Act (ARRA and HITECH grants to modernaice hospital technology to eliminate administrative inefficiencies and safeguard care delivery across HIEs). Sadly, this is all lost on one key segment of the population who just awoke from a coma miraculously during Obama’s inauguration.

Have a great Monday! :-)

TaxPayer

June 28th, 2010
7:00 am

Hopefully, those 590,000 people are not also getting tax cuts. That would just be so wrong. By the way, Kyle, what else was paid for with that money other than those jobs. Anything else? Otherwise, your presentation would appear to be mis-leading, even deceptive.

Dave R.

June 28th, 2010
7:06 am

Uh, TaxPayer?

In case you missed it (and of course you did), the entire purpose of the so-called stimulus bill was to create or save jobs.

Saved LOTS of government jobs. Created quite a few government jobs as well, compared to private sector jobs.

T-Town

June 28th, 2010
7:12 am

At this rate, we’ll all be working for the government in the future, or not working at all.

TaxPayer

June 28th, 2010
7:22 am

Willie

June 28th, 2010
7:23 am

The reason that Biden thinks we will NEVER recover the lost jobs from this recession is that even he does not see how the government can hire eight million more people. What he is missing is the power of the private sector to create jobs and create wealth. In that way, Biden has the same blind spot as his boss. Both of them see the government as the source of jobs and prosperity when the opposite is true.

Now that they have wasted mountains of money on make work roles can we please get our government back to creating an environment for freedom, prosperity and growth.

CJ

June 28th, 2010
7:36 am

Click here for a more telling chart about job losses during the last year of the Bush administration compared to job losses since Obama became president.

The graph I linked to shows what Obama inherited and it’s easy to visualize the trend that would have continued had we been unlucky, and Bush’s term continued past January 2009.

Thank God for the Recovery Act! Unfortunately, it wasn’t big enough. If we want to put people back to work, continue to grow the economy, grow revenues, and ultimately be in a position to reduce the deficit, then we’ll need more stimulus. And extending unemployment and providing aid to cash strapped states is among the most effective stimulus available (unfortunately, Republicans in the Senate are working lockstep to block a vote on such measures).

Joe

June 28th, 2010
7:55 am

Those who are still saying “Bush” are pathetic. There should have been a job created for every 30k spent- I think the numbers from this administration are more like 400k per job. As the punch bowl is empty, the trash cans are over- flowing, and the lights are flickering on this administration will do what all good frat boys would do- hair of the dog- let’s print more money. Just listened to the Gov. of Indiana- tax and non essential spending cuts- beautiful recipe.

Joe

June 28th, 2010
8:03 am

A lot of “click here’s” go to goals. Kind of like the Thrashers goal is to win the Stanley Cup. “If you ain’t keeping score, you are just practicing”

Wackoman

June 28th, 2010
8:10 am

CJ is an idiot.

Gator Joe

June 28th, 2010
8:21 am

Kyle,
Nice try, but first, who caused the recession, and the unemployment trend? I’ll help you with that one, Bush/Cheney. Please look at, if you haven’t already, the employment trends since President Obama was elected and compare them with the Bush/Cheney years. That chart looks like an inverted pyramid with job loss increasing as their term progressed and job loss decreasing while President Obama’s presidency progresses. I was going to ask, “Do you really believe employment would have been better, under McCain/Palin?” Allow me to help you on that one also, no.

Joe

June 28th, 2010
8:43 am

To Gator Joe- the sun is setting on the change agent- enjoy the remaining days- by the way “hope” is not a plan. The real answer is Bush/Cheney and Obama are two of the most inept administrations in modern day.

Democrat voters = retardation

June 28th, 2010
9:07 am

Not sure if anyone noticed but the Democrat Party lost another KKK member to the grim reaper.

I shall never fight in the armed forces with a Negro by my side… Rather I should die a thousand times, and see Old Glory trampled in the dirt never to rise again, than to see this beloved land of ours become degraded by race mongrels, a throwback to the blackest specimen from the wilds. ”

— Robert C. Byrd, in a letter to Sen. Theodore Bilbo (D-MS), 1944

Democrat voters = retardation

June 28th, 2010
9:10 am

“but first, who caused the recession, and the unemployment trend?”

Freddie and Fannie, Barney and Chris. A love story.

2006 Democrat Party caused the unemployment trend that continues into Obamas second year in office.

“employment trends since President Obama was elected and compare them with the Bush/Cheney years.”

Bush years: 4.4%

Obama year(s); 10%

“I was going to ask, “Do you really believe employment would have been better, under McCain/Palin?””

We’ll never know. I love how left wing retards like Gator Joe throw out “what ifs” as if to cover their own mistakes.

But but but, blame blame blame = Gator Joe

Left wing management

June 28th, 2010
9:11 am

So Keynes is a dirty word nowadays in your neck of the woods, eh? Guess we’re going to see how it works out though, this austerity thing, since your pals are in the driver’s seat across the pond. If the UK turns around and comes out of this ok, without sever social disruption, maybe then you’ll have a powerful argument over people like me. But for right now, let’s just say that all historical evidence goes against you.

The inability to jump-start the jobs machine, sure you realize, has to do with various factors, one of which is a shaken confidence in consumer spending. Slashing and burning a la Mr. prime minister is only going to exacerbate that, while also cutting the legs out from under a lot of less fortunate people along the way. Not so ‘compassionate’, that conservativism, wouldn’t chu agree?

Democrat voters = retardation

June 28th, 2010
9:16 am

Some interesting news in Mass.

Brown outpolls Kerry, Obama

US Senator Scott Brown, who only months ago was a little-known figure even within the tiny band of Republicans in the state Senate, not only catapulted to national stature with his upset US Senate victory, but is today the most popular officeholder in Massachusetts, according to a Boston Globe poll.After less than five months in Washington, Brown outpolls such Democratic stalwarts as President Obama and US Senator John F. Kerry in popularity, the poll indicates. He gets high marks not only from Republicans, but even a plurality of Democrats views him favorably.

http://www.boston.com/news/nation/washington/articles/2010/06/28/brown_outpolls_kerry_obama/

Democrat voters = retardation

June 28th, 2010
9:18 am

“The inability to jump-start the jobs machine, sure you realize, has to do with various factors, one of which is a shaken confidence in consumer spending.”

You also left out Obama’s hatred for corporations and his looming tax increases. That too scares companies and drives them off shores.

Democrat voters = retardation

June 28th, 2010
9:21 am

“Click here for a more telling chart about job losses during the last year of the Bush administration compared to job losses since Obama became president.”

The Wash Monthly is a left wing rag. You may as well tell us to believe Media Matters, Daily Kos and Huffingtonpost.

Unemployment was lower under Bush than it was under Clinton. When Bush left office unemployment was 8%. Under Obama it’s 10%

You can b!tch, blame and cry all day but nothing you say will make the Obama economy any better.

“Thank God for the Recovery Act! Unfortunately, it wasn’t big enough. ”

Joe Biden admitted that it didn’t work. I’m guessing that you want America to go bankrupt.

CJ hates America.

Democrat voters = retardation

June 28th, 2010
9:25 am

“If we want to put people back to work, continue to grow the economy, grow revenues, and ultimately be in a position to reduce the deficit, then we’ll need more stimulus.”

CJ is either stupid or she’s lying. If we want the economy to grow we need to get rid of Democrats, curb spending and cut taxes.

Less government = stronger economy.

“And extending unemployment and providing aid to cash strapped states is among the most effective stimulus available (unfortunately, Republicans in the Senate are working lockstep to block a vote on such measures).”

1: Extending unemployment is putting a band aid on the bigger problem. The bigger problem being lack of jobs and hiring freezes.

2: I applaud the GOP for not extending unemployment. We’re running out of money and unless you idiots on the left want to go bankrupt, you gals need to STFU and quit bankrupting us.

Bottom line: Europe is leaving socialism and embracing privatization. Why, because it works and socialism doesn’t.

Remember: Socialism is great until you run out of other people’s money. Idiots.

Jefferson

June 28th, 2010
9:28 am

Workers are more important than short term excessive profits.

Democrat voters = retardation

June 28th, 2010
9:29 am

Funny, people rail on Palin for being an idiot and yet we have the biggest idiot as VP in US history.

Biden shows up to a custard shop in Greenfield, Wisconsin. This is where he encounters the owner of Kopp’s Custard and we get the following exchange:

Biden: What do we owe you?

Manager: Don’t worry. It’s on us. … (inaudible) … Lower our taxes and we’ll call it even.

(A few minutes after the Kopp’s manager’s comment on “Lower our taxes,” there’s another exchange.)

Biden: Why don’t you say something nice instead of being a smartass all the time? Say something nice.

http://www.youtube.com/watch?v=NO13_tJ6×44&feature=player_embedded

Obozo the clown

June 28th, 2010
9:33 am

The Democrats’ Vision Problem

By Jonah Goldberg

Head to the local big-box electronics store and buy yourself: a Panasonic home theater system ($500), an Insignia 50-inch plasma HDTV ($700), an Apple 8GB iPod Touch ($175), a Sony 3-D Blu-ray disc player ($219), a Sony 300-CD changer ($209), a Garmin portable GPS ($139), a Sony 14.1-megapixel digital camera ($200), a Dell Inspiron laptop computer ($450), and a TiVo high-definition digital video recorder ($300).

This is not an endorsement of any of these products. I don’t own any of them (though if the manufacturers are keen to find out my opinion, they can send me some non-returnable demos). But you can fill your shopping cart with these items for less than $3,000. The average American worker needs to work 152 hours to earn that much money.

http://www.realclearpolitics.com/articles/2010/06/27/the_democrats_vision_problem_106116.html

Some People are stupid

June 28th, 2010
10:02 am

Confused…uhmm the chart shows private sector loss of 7 million jobs during the recession…since the stimulus…a loss of 2 million..so you have a 5 million difference in private sector job losses and you are complaining..using that same criteria..another stimulus(which i’m not advocating) would put you at plus 3million private sector jobs..

What are you complaining about.

retiredds

June 28th, 2010
10:05 am

So, Kyle, how is the Republican experiment working in GA? Doesn’t look like the politicians, mostly Republicans, are doing any better for its citizens than the rest of the country.

Obozo the clown

June 28th, 2010
10:14 am

“Doesn’t look like the politicians, mostly Republicans, are doing any better for its citizens than the rest of the country.’

You should check out Illinois, Michigan, California and other democrat states. Georgia looks like Texas compared to them.

Oh, and GA isn’t going bankrupt.

Some People are stupid

June 28th, 2010
10:27 am

California is a republican state

Some People are stupid

June 28th, 2010
10:30 am

Arizona also is in trouble

Obozo the clown

June 28th, 2010
10:30 am

“California is a republican state”

BWAAAHAHAHAHAHAHAHAHAHAHAH

Democrats: Nancy Pelosi, Barbara Boxer, Maxine Waters, Diane Fienstein, Henry Waxman

Republicans: Ahnold

Yep, California is a GOP state!

Some people really are stupid…………..fits you very well.

Obozo the clown

June 28th, 2010
10:31 am

“Arizona also is in trouble”

Yeah, it’s called illegal immigration. Maybe if your cult leader would stop wasting taxpayer dollars suing them, he could give the money to the unemployed.

Obozo the clown

June 28th, 2010
10:32 am

Other Democrat states in trouble:

New York

Mass

Billybob

June 28th, 2010
10:34 am

Wackoman,
I could not have said it better myself…..CJ IS an idiot.

Some People are stupid

June 28th, 2010
10:36 am

Obozo the Clown-
California has a republican controlled state legislature. They are solely responsible for the state budget. The people you listed are responsible for the federal budget. Seeing how you don’t know who is responsible for what budget…my name does fit..

“Give the money to the unemployed”

So you want the goverment to give money to the unemployed
1. I thought you were conservative, doesn’t that go against your principles
2. I could swear they were trying to extend unemployment benefits…there was this other party who said no.
3. So illegal immigration is why their budget is screwed…then why isn’t new mexico’s budget in as bad a shape. They have a bigger immigrant population.

Obozo the clown

June 28th, 2010
10:37 am

America 1

Obama and the libretards 0

Justices extend gun owner rights nationwide

The Supreme Court ruled Monday that the Constitution’s “right to keep and bear arms” applies nationwide as a restraint on the ability of the federal, state and local governments to substantially limit its reach.

In doing so, the justices, by a narrow 5-4 margin, signaled that less severe restrictions could survive legal challenges.

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/28/AR2010062802134_pf.html

Billybob

June 28th, 2010
10:38 am

“California is a Republican state”…..at least your name makes more sense now.

Obozo the clown

June 28th, 2010
10:39 am

“California has a republican controlled state legislature.”

That is a flat out lie.

“my name does fit”

Yes, it does. You are stupid.

“1. I thought you were conservative, doesn’t that go against your principles”

LOL! You don’t get sarcasm do you?

“2. I could swear they were trying to extend unemployment benefits…there was this other party who said no.”

Yep, and good for them!

“3. So illegal immigration is why their budget is screwed…then why isn’t new mexico’s budget in as bad a shape. They have a bigger immigrant population.”

Are you really that retarded?

Some people really really are stupid

June 28th, 2010
10:42 am

“California has a republican controlled state legislature.”

Please name these republicans.

Some People are stupid

June 28th, 2010
10:45 am

Are you serious, yall really don’t know who makes the states budgets??

booger

June 28th, 2010
10:57 am

It’s interesting to see actual numbers applied to a situation everyone knows exists. To me this shows that while government policies can do very little to help private industry, they can hurt private enterprise immeasurably.

The private sector will not make a sustained turn around until it understands the rules it will ultimately play by. The banking industry has been braced for financial reform for 18 months, and still have no idea of what changes they are going to face. Even the bill’s signers say they will not know it’s impact until it is implemented. All banks know is it will cost them big time. Cap-and-trade looms over the entire private sector like a cloud, yet know one knows it’s real impact. Small business has absorbed several tax increases, an increase in minimum wage, and has been forced to buy benefits for it’s employees.

Until someone shows some leadership, and says ok private enterprise, here are the rules, there will not be a recovery.

Horrible Horrace

June 28th, 2010
11:15 am

Sorry left-tards…Oblunder owns this mess. As I recall Oblunder stated that his round of stimulus would keep unemployment below 8%.

So sorry your elected idiot is goin down the tubes!! HA HA HA!!

dick van dyke

June 28th, 2010
11:16 am

Good to see the govt. doing its part to add jobs, hopefully the private sector will join the fun and start hiring folks….

Horrible Horrace

June 28th, 2010
11:19 am

Sorry CJ…its time for you to leave…*FLUSH*

Some people really really are stupid

June 28th, 2010
11:23 am

“Are you serious, yall really don’t know who makes the states budgets??”

Name them for us oh bright one!

Robert Byrd (Democrat) KKK member since 1940

June 28th, 2010
11:24 am

“Until someone shows some leadership”

Well we all know Obama isn’t leading…..

dick van dyke

June 28th, 2010
11:24 am

Horrible, You have the constitution of a fetid turd….

Robert Byrd (Democrat) KKK member since 1940

June 28th, 2010
11:25 am

Robert Byrd (Democrat) KKK member since 1940

June 28th, 2010
11:26 am

“Good to see the govt. doing its part to add jobs, hopefully the private sector will join the fun and start hiring folks….”

Yeah, those Census jobs should last a whole week.

Robert Byrd (Democrat) KKK member since 1940

June 28th, 2010
11:26 am

“You have the constitution of a fetid turd….”

Looks like dyke lost her brain.

Jefferson

June 28th, 2010
11:36 am

If the private sector won’t hire, they will have to pay higher taxes so the gov’t can hire. There’s only x dollars floating around.

CJ

June 28th, 2010
11:50 am

Paul Krugman:

“…We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending…”

booger

June 28th, 2010
11:51 am

Considering that every bill passed by this administration has benefited “big government” and punished private enterprise, is this result really a surprise?