Bud Meyers | September 12 2016
14,770,000 net new jobs were created since January 2009 when Obama first took office — and according to the St. Louis Federal Reserve, most of those went to foreign-born workers: Foreign born workers / Native born workers — And the U.S. has 13,862,000 more working age Americans not in the labor force since January 2009 since Obama first took office.
For the sake of argument (to give the Obama administration the best benefit of the doubt), we’ll assume that all 8.7 million people who lost jobs during the Great Recession have either went on disability, retired on Social Security, were incarcerated (criminally or medically), passed away, left the country or found another job — and not a single one is officially counted as “unemployed” today (as of September 2016).
Since Obama first took office in 2009, according to the National Center for Education Statistics, the U.S. has averaged over 3 million high school graduates every year during his tenure (24 million total during Obama’s time in office) — and many, probably most, have went on to college for a certain amount of time and then either dropped out or graduated from college (and we can assume that most of them have attempted to enter the job market).
Net new jobs created under Obama per the U.S. Bureau of Labor Statistics (in thousands)
24 million graduates during Obama’s tenure
-15 million jobs created during Obama’s tenure
– 9 million jobs short (minus those who have either went on disability, left the country, was incarcerated (criminally or medically), passed away or left the country — and we have almost 14 million more working age Americans “not in the labor force” during Obama’s tenure.