It’s Official: More Private Sector Jobs Created In 2010 Than During Entire Bush

[thundley4]

The September jobs report was just released and demonstrates that America is on a far slower path to recovery than anyone originally predicted. Despite this, the shedding of government jobs cloaks a glimmer of hope: more private sector jobs have been created this year than during the entire Bush administration. Read that again: 2010 has had more private job creation than during the entire 8 year tenure of George W. Bush.

This is the 9th straight month of private sector job growth in the midst of a devastating recession that has put a serious strain mostly on the poor and middle class. There has been a total of 863,000 private sector jobs created in 2010, exceeding the total created under the Bush/Cheney regime.

The numbers are not all good however. Companies added 64,000 jobs last month, but after the loss of 159,000 government jobs at all levels, there was a net shedding of ~95,000. The fading influence of the American Recovery and Reinvestment Act (ARRA or the economic stimulus) is causing much of the strain on the job market, as state and local governments still strained by poor revenue are cutting positions, particularly in education.

This is also the central agent that has caused the overall net job loss for the last four months, following a net gain for the first 5 months of the year. The net jobs gained during 2010 stands at 613,000, which is over half of the 1,080,000 jobs were created during the entire time George W. Bush was in office.

http://newsjunkiepost.com/2010/10/08/its-official-more-private-sector-jobs-created-in-2010-than-during-entire-bush-years/

I read through most of this crap, but no where in it did I see any explanation of why unemployment is almost double than what it was under President Bush.  The only thing that would make sense if it were true that a ton more jobs have been lost under Lord Zero.

However, I doubt that will stop the MSM and other lefty blogs from latching on to this. The MSM seems to like running with unfounded stories.

[NHSparky]

I'm sorry, but any article which refers to the, "Bush/Cheney regime" is almost certainly full of merde.

[formerlurker]

Hoven's Index for October 9, 2010

Changes in various job categories in the last 9 months (from Dec. 2009 thru Sep. 2010):

Total non-farm jobs:  +613,000

Private sector:  +863,000

Non-durable goods manufacturing:  -4,000

Construction:  -92,000

Years to reach previous peak of private sector jobs if pace of last 9 months continues:  6 years and 7 months from now (8 years after recession ended)

Years to reach previous peak of private sector jobs after 2001 recession ended:  3 years and 7 months

http://www.americanthinker.com/blog/2010/10/graph_for_the_day_for_october_1.html

[formerlurker]

[Thor]

They must have been taught math by Lou Costello......

http://www.conservativecave.com/index.php/topic,49684.0.html