Obama Is First President to Lose One Million Jobs In a Recovery

Gateway Pundit

 

It’s an Obama world.  Its an Obama recovery.

Another record! Barack Obama is the first president to lose one million jobs in a recovery. Investors reported:

Initial jobless claims unexpectedly jumped by 24,000 last week to 399,000 as more workers lost their jobs, the Labor Department said Thursday. At the same time, the economy continues to lose workers.

In the 30 months since the recession officially ended, nearly 1 million people have dropped out of the labor force — they aren’t working, and they aren’t looking — according to data from Labor’s Bureau of Labor Statistics. In the past two months, the labor force shrank by 170,000.

This is virtually unprecedented in past economic recoveries, at least since the BLS has kept detailed records. In the past nine recoveries, the labor force had climbed an average 3.5 million by this point, according to an IBD analysis of the BLS data.

Source:

4 thoughts on “Obama Is First President to Lose One Million Jobs In a Recovery

  1. BUT HE SAID HE HAS SAVED AND/OR CREATED ALL THOSE JOBS!? YOU KNOW, THE SHOVEL READY ONES, THE ONES “JOE THE PLUMBER” NEEDS. THIS JUST CANT BE RIGHT!! OH, WELL. GUESS IT WILL JUST GET SWEPT UNDER THE RUG AS USUAL.

  2. Novartis recently announced that it’s laying off 2,000 employees, many of them sales reps based in New Jersey.
    And the list of companies continues…

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