7/7/12, "An "Economic Quality" Scorecard Of The Obama Administration," Zero Hedge
"With the US presidential election just 4 months away, focus on tier 1 economic data will become acute, as will headlines blasting top-line data without much, if any, underlying "between the lines" analysis. Which is why we have decided to put together a template of key data series that in our opinion best capture the dramatic shift in the labor composition of the US welfare state under the Obama administration, starting with January 2009. Here are the facts:
Total Nonfarm Payrolls have decreased by -1.3 million from December 2008 (134,379K) to June 2012 (133,088); Source: St. Louis Fed
Full-time jobs based on the Household Survey, have decreased by 2.5 million from 117,039K to 114,573K; Source: Table A.9, BLS"...
[Ed. note: Scroll down and check tab for seasonally adjusted. I tried to link the seasonally adjusted page to save the reader a step but BLS won't allow me to do so. You have to go to the page Zero Hedge links to, then scroll down and check seasonally adjusted.]
"Part-time jobs based on the Household Survey, have increased by 1.6 million from 26,3187 to 27,894K; Source: Table A.9, BLS
Foodstamps recipients have increased by 14.6 million from 31.567 million to 46,187 (as of April 2012); Source: USDA
Disability recipients have increased by 1.3 million from 7.427 million to 8.733 million; Source: Social Security Administration
And that, in a nutshell, is how the economy has performed over the past 42 months."...
Ed. note: Whether you start at Dec. 2008 or Jan. 2009, Obama has still lost full time jobs. If you start with Jan. 2009 rather than Dec. 2008 it's still over 1.2 million lost. The numbers broadcast every month are seasonally adjusted. The only way Obama can say he increased jobs is to use a winter month vs a non-seasonally adjusted summer month. Every year jobs increase in the summer "season" and go back down in the fall.