Private Sector Lost Nearly 10 Million Jobs in Last 3 Years – Public Sector Gained 720,000
Posted by Jim Hoft on Tuesday, June 29, 2010, 12:04 PM
Power Line reported on the Obama jobs disaster earlier this week.
Graph courtesy of Veronique de Rugy at The Corner.
— Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one. And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000.
Here’s more…
A new study found that the private sector lost over 10 million jobs between June of 2007 and March of 2010 while the public sector grew by 720,000 jobs.
The Free Enterprise Nation reported:
Between March 2000 and March 2010, the private sector LOST over 3 million jobs, while the public sector GAINED nearly 2 million. During this same time, the population of the United States grew by over 25 million.
In March 2000, the private sector was 109 million strong. After several years of slight gains and losses, the private sector began growing again in 2005, topping out at 116,603,000 in June of 2007. By March 2010, that number had dropped to 106,062,000 marking a 3-year, 10-million-job decimation of the private sector. The public sector saw no such variance, however, growing at a steady rate year after year, month after month, regardless of economic conditions. If you look at those same months, government employment went from 21 million in March of 2000 to 22 million in June of 2007. The disparity between the public and private sector becomes unavoidably apparent at this point. While the private sector was losing over 10 million jobs between June of 2007 and March of 2010, the public sector grew by 720,000.
A total of 32 states lost private sector jobs during this 10-year period, while only four showed a loss of public sector jobs. In fact, only one state, Hawaii, increased the number of private sector jobs while decreasing the number of government jobs.
Michigan lost the most private sector jobs, at 791,700, or a staggering 20%. Michigan cut government jobs during this time, but only 7%. California was next, with 665,800 jobs lost in the private sector. Of particular concern for Californians, there was an addition of 163,600 government jobs during that same 10-year period.
For the record…
Barack Obama is the worst president in history on job creation–
According to data from the U.S. Bureau of Labor Statistics, the U.S. shed 2.3 million jobs since February 2009, Obama’s first full month in office. Since Obama’s election in 2008, the US economy has shed 4.4 million jobs. That’s worse than Herbert Hoover.
(Misery Index data)
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Published February 22, 2012 at 4:19 pm - 32 Comments
Kevin P commented:
Hey now – cut Barry some slack. He’s doing his best to ensure that caddies at private, ELITE golf courses stay employed!
LimoLibsStink commented:
0bama:
What’s wrong?
With numbers like these every politician and each of his staff members will be able to afford a personal Limousine… and an unemployed American to drive it.
Yes, I know I suck but at least I know how to smoothly swindle the taxpayer. That’s a fact that should be applauded…if you are a politician with expensive living habits.
My limousine is running and I have more taxes to increase but, as one famous person once said: Ask not what your public servant can do for you. Ask what you can do for your public servant! Good day.
Melvin Winter commented:
Government Celebrates Takeover of Stimulus Bill http://optoons.blogspot.com/2009/11/government-celebrates-takeover-of.html
Taxpayer1234 commented:
My husband’s job was one of Michigan’s 791,000 lost. He and his 4,000 co-workers were cut loose in one fell swoop in 2007. We moved across the country, far from family and friends, for his new job. Part of me is grateful he has a job, and part of me is still homesick.
mrt commented:
But, but, the economy has recovered!
http://www.realclearpolitics.com/video/2010/06/26/dem_congressman_the_economy_has_recovered.html
BarbaraS commented:
Don’t you just love the media and the libs telling us ad nauseum that the recession started in 2007 when the whole world knows it started in September 2008 and was caused by the dims? The dims have just about brought this country down to its knees and the majority of the public either don’t know this or don’t care. Not only this country but the rest of the world too. And, as Rev. Wright so aptly put it “and they didn’t bat an eye”.
Terry Gain commented:
The words Government Gains in the caption is moronic. Every government job costs the Treasury the salary of the government employee less the taxes she pays. The Treasury loses every time.
The only way to restore the economy is to reduce government spending. Fat chance of that with a socialist ruining the country.
Steve commented:
THANK YOU for posting this!
I used it (with a Hat Tip) on today’s post “The Democratic Party’s Failed Economic Record”
http://www.commoncts.blogspot.com
Zachriel commented:
Job Losses since start of recession.
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AuntieMadder commented:
Private Sector Lost Nearly 10 Million Jobs in Last 3 Years – Public Sector Gained 720,000
Oilbama and the Demonrats are even too stupid to know that things that are top-heavy tend to topple.
Follow the law commented:
Worst president ever and he hates us all. I don’t hate him back. I pity him.
Chisum commented:
Hoven’s Index for June 30, 2010
Changes in number of jobs:
In last six months (Nov. 2009 to May 2010): +873,000
In Bush’s eight years (Jan. 2001 to Jan. 2009): +1,080,000
In Obama’s 17 months: -2,979,000
When Republicans controlled House and Senate, Jan. 95 to Jan. 2001: +16,107,000
When Congress/Senate were split, Jan. 01 to Jan. 03: -2,203,000
When Republicans controlled House and Senate, Jan. 03 to Jan. 07: +6,801,000
When Democrats controlled House and Senate, Jan. 07 to present (May): -6,497,000
Since December 2007 (peak): -7,381,000
http://www.americanthinker.com/blog/2010/06/graph_of_the_day_for_june_30_2.html