Interactive: Obama battles job crisis: 3 years...and counting
August 3rd, 2012
10:03 AM ET
2 years ago

Interactive: Obama battles job crisis: 3 years...and counting

(CNNMoney) - The U.S. economy lost 4.3 million jobs in President Barack Obama's first 13 months in office. It still has to gain 316,000 jobs for him to break even.

INTERACTIVE: Job gains and losses under Obama


Filed under: Jobs • President Obama
soundoff (27 Responses)
  1. 96 Days until Obama is RE-ELECTED

    Oh boy, CNN.. talk about giving the right wing nuts talking points !!
    The US was losing 700,000+ jobs a month when Obama was handed the reins. You don't stop that kind of bleeding overnight, or even in a year. It's taken almost 4 yrs to break even. It's real easy for Mittens to say that he has a plan to create 12 MILLION jobs in his first term when in fact it's political bluff. What plan? At least the Dems have tried to get jobs bills passed in Congress. Where's all the jobs the Grand Obstructionist Party promised during their 2010 elections that regained them control of the House. Ah, I still hear crickets chirping...

    August 3, 2012 10:10 am at 10:10 am |
  2. Four and The Door

    The economy and jobs were the critical issues in 2009 when Obama took office. Now, after 3 1/2 years, unemployment is higher and not coming down, the economy is dead in the water and we have a new monster to contend with... national debt on it's way to 100% of GDP and rising. Fortunately, the Republican nominee is Mitt Romney, uniquely qualified to actually get results on jobs ( with a plan to help create 12 million in his first term ), the economy and national debt. Romney 2012.

    August 3, 2012 10:16 am at 10:16 am |
  3. kyle

    I thought President Obama said he would not run for re-election if he could not create positive changes?

    August 3, 2012 10:19 am at 10:19 am |
  4. Me IN HOUSTON

    Considering what he stepped into, President Obama has done a fantastic job critics be damned
    That chart shows a severe job loss to significant job gains

    August 3, 2012 10:21 am at 10:21 am |
  5. Rudy NYC

    Ever hear of something called momentum? The Great Recession ended 6 months into his first year. It began 12 months before he took the oath. We call it the "Great Recession" for a good reason. Previous recessions were all driven by problems in primarily one sector of the economy: housing, automotive, financial, airlines, energy prices, etc. We were able to recover fairly quickly because other sectors were still fairly robust despite slowed spending.

    The Great Recession saw all major sectors of the economy take a substantial hit at the same time. We were not left with much to pull us up by our bootstraps, except for a major Stimulus from the federal government. The Stimulus got our feet moving again, but not as fast as we would have liked. That's why many say it was not big enough. I think the slow growth is due to the dwindling manufacturing sector and the middle class.

    August 3, 2012 10:21 am at 10:21 am |
  6. CBR

    This economic crisis is occurring world-wide. Jobs were outsourced left and right and companies cut staffs to keep afloat. The job crisis will continue until this monetary crisis ends. How many jobs were outsourced? How many companies moved their manufacturing components overseas?

    You cannot stem the tide of overseas investments without the cooperation of those in charge of American companies. and their CEO's . The CEo"s received huge pay increases while the American workers were laid off. Perhaps these CEO's could explain what is going on?

    Mr. Romney could explain why he put his money into off-shore accounts and Swiss banks instead of investing in his own country?

    August 3, 2012 10:22 am at 10:22 am |
  7. Keeping it Real

    The small gains are nice, but nowhere where we should be. Remember when liberals said that a 4% unemployment was a catastrophe? Funny how liberals are all too willing to give Obama a pass on jobs and the economy. 8-10% is now acceptable to them. They will play every card as predicted, except for being accountable for their own actions.

    August 3, 2012 10:22 am at 10:22 am |
  8. Larry L

    The President is like a coach who was given a team who just had an 0-11 season and told to build a winner. On the very first day of his new job half of the team decided to sit on the sidelines and not play, or even worse, to throw every game. Even so, the coach got the team moving in the right direction in spite of the disloyal team members and half of the coaching staff. This analogy is not too far off target. The Republicans of the "Filibuster Senate" and the Tea Party House" have done nothing but obstruct progress. In real jobs they would have been fired – in the military they would have been sent to prison.

    August 3, 2012 10:22 am at 10:22 am |
  9. hamilte3

    Not only that, Obama didn't recover the jobs for those who have completely given up looking. It will take years to recover those. And those aren't reflected in the 8.3 percent. Included them and you are well over 10 percent.

    August 3, 2012 10:25 am at 10:25 am |
  10. george of the jungle

    and it will gain them . Faster if the repo obstrutionist would help . Forward 2012 Does anyone believe mitt the twitt 12 million? in four years the out look will be better even without you mitt. Spread some of your own wealth I bet you could create a few more jobs. More maids housekeepers gardners grooms . The new place in La Jolla should create about 6 new jobs.

    August 3, 2012 10:27 am at 10:27 am |
  11. WiredWeirdinSF

    He lost the battle long ago, probably before he even took office when Pelosi and the corrupt democrat liberal congress raised the minimum wage in spite of warnings that it would push unemployment way up and lead to a recession, but they and he only pay attention to the dope addicts, welfare frauds and corrupt union bosses, so he took another $2 trillion dollars and threw it down the democrat liberal hole, telling everyone if they did as they were told, unemployment wuold never go above 8%. Of course the ignorant bought it, with the aid of the liberally biased media.

    August 3, 2012 10:29 am at 10:29 am |
  12. Phyllis G Williams

    The President has no control of the minds of the people who gave him a bad job and has been making good progress.

    August 3, 2012 10:45 am at 10:45 am |
  13. NO ROBME 2012!

    Obama has to battle NOt only the economy teh repukes left us, but he has to battele teh repukes themselves – who would DO ANYTHING TO SEE AMERICA LOSE JOBS SO THEY CAN WIN THE ELCTION

    August 3, 2012 10:47 am at 10:47 am |
  14. RealityBites

    This is what happens when you elect someone who has never balanced a check book.

    August 3, 2012 10:50 am at 10:50 am |
  15. Jon

    Another Obama failure ...

    August 3, 2012 10:55 am at 10:55 am |
  16. Marty, FL

    Romney and his followers cheer on for unemployment while ignoring the positive steady increase in American jobs.

    Obama / Biden 2012

    August 3, 2012 11:14 am at 11:14 am |
  17. California

    The word is out that Reid hasn't paid his taxes either along with Pelosi.

    Further more Reid has embezzled funds from the Senate.

    Does Harry Reid have no shame???

    August 3, 2012 11:25 am at 11:25 am |
  18. labman57

    Republican state and federal legislators feign ignorance about simple cause and effect relationships:
    If you are concerned about high unemployment, then you cannot do everything in your power to induce layoffs of public employees, and then point at the resulting increase in unemployed Americans and insist that the opposition bears sole responsibility for the outcome.

    Of course, the Congressional Republican leadership has made it abundantly clear that their primary objective since 2009 has been to make Obama a one-term president. To that end, they will do whatever it takes to ensure that the economy does not dramatically improve and unemployment stays high - to do otherwise would violate their solemn oath that the number one priority of the GOP is to undermine the welfare and security of the nation while Obama is in the White House.

    August 3, 2012 11:26 am at 11:26 am |
  19. Rudy NYC

    Fair is Fair wrote:

    "Employers said they added 163,000 jobs in the month,"

    "households claimed they lost 195,000 jobs"

    There's your government at work. Can't even count. No wonder we're so screwed.

    P.S. Heckuva job, Barry. One heckuva job.
    ---------------------–
    Ahem. The 163,000 jobs figure was cited yesterday by ADP, the paycheck people. As a matter of fact, I had quoted it yesterday. Look it up if you wish. I cannot recall which article. Neither figure originates within the administration.

    "Nice try, but we gotcha."

    August 3, 2012 11:28 am at 11:28 am |
  20. truth hurts

    the greatest economy on the planet is barely creating any jobs... a total joke. unemployment riase becaus eit isn't even enough to keep up with population growth. electing 4 more years of this disaster will add up to a lost decade for the country and our kids who cannot find jobs coming out of college.

    August 3, 2012 11:30 am at 11:30 am |
  21. Fair is Fair

    But the regular suspects here claim that Obama created over 4 million jobs since he took office. How can Obama be down 316,000? Are the trolls wrong? Nah... wait for it... wait for it... Bush's fault. Yeah, that's it... Bush's fault.

    August 3, 2012 11:37 am at 11:37 am |
  22. Random Poster

    Change the word "battles" with "causes" in the title and we'd have a more accurate piece.

    August 3, 2012 11:44 am at 11:44 am |
  23. w l jones

    The ecomony is just begining to bounch you have seen nothing yet.

    August 3, 2012 11:47 am at 11:47 am |
  24. ScratchingmyHead

    Mitty-Mitts should have kept his mouth closed on this one...seriously. He is making promises that his behind won't be able to back up. 12M jobs by the end of his first term. It even sounds ridiculous saying it. Next thing you know, he will be saying he has a leprachan in his back pocket. Just another looney politician making promises that he won't be able to keep...

    August 3, 2012 11:49 am at 11:49 am |
  25. Sniffit

    "But the regular suspects here claim that Obama created over 4 million jobs since he took office. How can Obama be down 316,000? Are the trolls wrong? Nah... wait for it... wait for it... Bush's fault. Yeah, that's it... Bush's fault."

    Hurray for not understanding simple algebra!!!! Given that almost all of the job losses during Obama's term occurred due to a massive recession ALREADY TAKNIG PLACE WHEN HE TOOK OFFICE, then yes, the net of negative 316K is not his fault. He HAS created over 4 million jobs. We LOST more than that because we were losing THREE QUARTERS OF A MILLION JOBS PER MONTH before and at the time he took office. Putting the breaks on that was a feat in and of itself. Creating 4 million jobs on top of it, despite the GOP/Teatrolls obstructing every jobs bill, refusing to enact any of their own and manufacturing economy-slowing crises like the debt debacle the entire time, is nothing short of amazing. If you don't understand the simple concept of how to "net" something...it's just addition and subtraction...then you need to return to 2nd grade.

    August 3, 2012 11:52 am at 11:52 am |
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