This chart shows ten years of job growth or loss in the U.S. economy. In it, you can see the tail end of the economic boom from debt and fake housing values, the crater that formed from paying the piper, and an almost constant trend of new jobs added after 2010.
Public sector payroll jobs under Obama
Further to our data sets looking at U.S. macroeconomic performance in the past two presidential administrations, here is a chart showing public (not private) sector payroll jobs under several presidential administrations. What is so striking is the fact that only Obama has reduced the number of payroll jobs at the Federal government, with Reagan, Clinton, and Bush 43 expanding the …
Private sector nonfarm payroll growth under Obama
The data is being finalized and we can now compare job growth under the Obama administration with other American presidencies. Not captured here is the changing nature of work, the Uber-ization of labor, and the fewer jobs featuring health insurance benefits. But there has been clear recovery in the workforce since the crash of 2008.
Unemployed persons per job openings in the United States
This trend in unemployment and job creation shows just how far the US economy has come since the crisis of 2008. We were heavily skeptical when the finance sector was crowing about how the recovery was roaring by 2010. This was clearly overstated. Today, however, combined with broadly positive economic data, it is clear that the job creation engine is …