Friday, June 6, 2014

Obama regained all Great Recession Job Losses, Scott Walker not even close in Wisconsin.

Minnesota has already gained back all the jobs they lost during the Great Recession, Scott Walker’s Wisconsin hasn't. Not even close.

Between 130,000 and 200,000 jobs were lost during the recession. Walker’s record: 106,000.
Dramatically behind.

And yet, Republicans are hammering Obama for the slow job growth after the Great Recession. Never mind that so many major employers were wiped of the face off the earth, and others changed their business model regarding full time and part time employment.

Well, we've regained all the jobs lost nationally, a job Scott Walker isn't close to accomplishing:

Reuters: U.S. employers kept up a solid pace of hiring in May, returning employment to its pre-recession level and offering confirmation the economy has snapped back from a winter slump. It finally recouped the 8.7 million jobs lost during the recession. Employment has risen by 8.8 million since hitting a trough in February 2010.
Like Jake's Economic TA Funhouse pointed out, ObamaCare wasn't the job killer Republicans were sure it would be. Wrong again guys.  

3 comments:

Anonymous said...

As usual, your data is flawed.

92 million people are no longer included in the labor participation rate.

http://www.shadowstats.com/alternate_data/unemployment-charts

There should've been 500,000 new jobs added each month since 2009 just to keep up with population growth and return employment to pre recession levels.

It's pretty easy to say everything is hunky dory when you only look at the facts that support your thesis.

Democurmudgeon said...

False premise, I didn't say everything was hunky dory, point one.

Point two: Your break down is always assumed to be a part of the analysis, so I don't bring it up. Do you include those nonparticipants in the numbers Walker's using? I never see those "corrections" on conservative blogs or Facebook posts. Funny thing isn't it?

Jake formerly of the LP said...

Sure, we're not adding as much as I wish we did, but it's still noteworthy that we have finally dig ourselves out if the hole nationwide.

And it still doesn't change the fact that Wisconsin has badly lagged the rest of the nation in the Age of Fitzwalkerstan. John's point is correct