Obama Jobs Deficit at 7 Million
Created on November 2, 2012
If President Obama had kept his promise to add 3.5 million new jobs by 2010, followed by monthly gains of 125,000 just to keep up with the increase in population, total employment in October 2012 would be 141.5 million. However, actual employment is only 133.8 million—a deficit of 7.7 million jobs. Current employment is still 5 million short of his original promise for 2010.
22-MONTH-OLD JOBS DEFICIT:
CURRENT JOBS DEFICIT:
Total U.S. Employment, in Millions
Source: Heritage Foundation calculations and U.S. Department of Labor, Bureau of Labor Statistics, “The Employment Situation—October 2012,” Table B–1, http://www.bls.gov/news.release/pdf/ empsit.pdf (accessed November 2, 2012).