Recently the idea was promulgated that the economy lost "8 million" jobs during the Bush presidency. Actually the economy on net added over 1 million jobs from start to finish of the Bush presidency, and that is accounting for the lost jobs from the market crash to the end of Bush's term.
But let's look at losses.
According to numbers published by the BLS, the peak of jobs in this country (thus far) occurred in January 2008. The low point (of the recession/recovery thus far) occurred in February 2010. About 8.75M jobs were lost during this period of time. A period of time that includes one year each of the Bush and the Obama presidency. Info from HERE.
No comments:
Post a Comment