• Heritage Action
  • More

Obama Jobs Deficit at 7 Million

Created on November 2, 2012

Obama Jobs Deficit at 7 Million

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:

Obama’s jobs target followed by 125,000/month growth

Obama’s jobs target

Actual Employment

IB 3767

heritage.org

Total U.S. Employment, in Millions

CHART 1

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).