Obama Jobs Deficit Hits 8.3 Million | The Foundry
Obama Jobs Deficit Hits 8.3 Million | The Foundry: Conservative Policy News..
So how is that pivot to jobs going? Well, the Labor Department’s Bureau of Labor Statistics released its monthly jobs report this morning and it showed the U.S. economy shed another 36,000 net jobs last month. Our nation’s unemployment rate is still at 9.7%.
So why is our economy having such a tough time pulling out of recession? Here are the facts: the most recent data available show that the U.S. economy actually lost fewer jobs during this recession than were lost during the 2001 recession. Specifically, 50.8 million jobs were lost through the first six months of the ‘01 recession while 48.2 million jobs were lost through the first six months of this recession.
