Source: Bureau of Labor Statistics
Employees on nonfarm payrolls, total nonfarm industries, annual net change, 2000–10, seasonally adjusted
Net change in employment
(p) = preliminary
These data featured in the TED article,
Click on the above link for more information on this subject from the BLS.
By Patricia L Johnson
The United States actually began losing jobs in 2006, when the net change in employment dropped 400,000 from 2.5 million in 2005 to 2.1 million in 2006. By 2007 jobs created had dropped to 1.1 million. The very last year President George W. Bush was in office the U.S. lost 3.6 million jobs and policies in place , by Bush, created the basis for the 4.7 million jobs lost during President Obama’s first year in office.
We’re back! After losing jobs for four consecutive years, the policies put in place during the first year of President Obama’s presidency stopped the hemorrhage and we actually created 1.1 million jobs in 2010.
That averages out to 94,000 jobs created each month which is a far cry from what we need to put millions of U.S. citizens back to work, but is definitely a giant step in the right direction.