- Apr 12, 2008
- Reaction score
- real world
Beyond the laughable and pathetic aspect of listening to a President of the United States whining about his fate in life, he deliberately told another outright lie. The private sector has not produced 2 million jobs since January of 2009, when he was inaugurated.
In January 2009 the Bureau of Labor Statistics, in its Employment Situation News Release showed that total employment in the United States was at 142.1million. Of that number, 22.4 million were employed by governments at all levels. Thus 119.7 million were in the private sector and overall unemployment rate was 7.6%.
Fast forward to June of 2011; the Employment Situation News Release for that month revealed that total employment was at 139.3 million (a drop of 2.8 million from January 2009). Within the total employment number were 22.1 million government workers at the federal, state and local levels. In summary there were thus 117.2 million employed in the private sector, a decline of 2.5 million. The overall unemployment rate: 9.2%.
The reality is 2.5 million jobs in the private sector were eliminated since Obama assumed office.