Obama closer to breaking even on jobs
August 3rd, 2012
10:55 AM ET
2 years ago

Obama closer to breaking even on jobs

New York (CNNMoney) - Is President Obama a job creator? Not yet. But he might be by Election Day.

The American economy only has to add another 316,000 jobs to get back to where it was in January 2009, when the president was sworn in.

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Filed under: Jobs • President Obama
soundoff (57 Responses)
  1. CWilson

    CNN's way of spinning unemployment rise. Sad.

    August 3, 2012 10:59 am at 10:59 am |
  2. Jon

    it requires 250,000 job to be created just to keep up with population growth ... but I am sure that Obama and team will find a way to make it seem like thier BS and poor proformance is actually a gold medal performance and their bs is perfume

    August 3, 2012 11:02 am at 11:02 am |
  3. Wire Palladin, S. F.

    Bush created 1 million jobs in two terms, and Obama is well on the way to overcome the Bush republican near depression.

    August 3, 2012 11:07 am at 11:07 am |
  4. Russ in Md

    Wow if that isn't spinning a story. This is only sun shine coming out your @$%#. The current work for the country is a 63%. It should be in the 70s. Unemployment hasn't gone down; it went up for the second straight month to 8.3%. Obama has done nothing but hurt the work force and the future is only going to get worse as long as we have to follow his policies.

    August 3, 2012 11:07 am at 11:07 am |
  5. max3333444555

    american exceptionalism – now eroded to happy with breaking even...

    August 3, 2012 11:12 am at 11:12 am |
  6. Woman In California

    The republicans won't have that. They MUST make things look as bad as possible to make themselves look good and that can only be achieved through our suffering and pain. Can we really afford this kind of governing for another four years? The American people must vote them all out and begin new with people who actually care and want to help the American people.

    August 3, 2012 11:14 am at 11:14 am |
  7. Good news

    Why is no one beating on the President here? Oops, it's good news, my bad, lol!

    August 3, 2012 11:14 am at 11:14 am |
  8. Wire Palladin, S. F.

    Mittens says he will create 12 million jobs, but they are in India, and pay $2.25 per hour.

    August 3, 2012 11:16 am at 11:16 am |
  9. greg

    And so begins the corporate manipulation to stall the recovery so to favor their buddies and guardians in Washington. We all know their tricks even if some refuse to believe it.

    August 3, 2012 11:16 am at 11:16 am |
  10. PaulCat

    Don't say this to loud, the republicans may hear.

    August 3, 2012 11:20 am at 11:20 am |
  11. 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.

    August 3, 2012 11:23 am at 11:23 am |
  12. AnnoyedByPolitics

    Wow. You're really stretching to find some positive spin on this one....

    August 3, 2012 11:24 am at 11:24 am |
  13. truth hurts

    >Is President Obama a job creator? Not yet. But he might be by Election Day.
    The American economy only has to add another 316,000 jobs to get back to
    >where it was in January 2009, when the president was sworn in.

    wow.... after 4 years??? we could have elected a monkey and have gotten the same results. and had a lot less debt added to the backs of the kids and grand kids.

    August 3, 2012 11:24 am at 11:24 am |
  14. 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 11:25 am at 11:25 am |
  15. stingerhp

    Give me a break !! Being blind to the facts does not make very good opinions..

    August 3, 2012 11:26 am at 11:26 am |
  16. Darryl

    He'll get there..... No matter what, he's got my vote. I've seen whats been going on in Washington with holding the Jobs back and all the stopping of the economy from growing so it makes him look bad. This has been deliberate and inexcuseable. The GOP has set this economy exactly where it is at today !

    August 3, 2012 11:28 am at 11:28 am |
  17. Larry L

    The President has done a terrific job in spite of the obstructionism of the Republicans. He actually cares about all Americans – not just the wealthy.

    August 3, 2012 11:29 am at 11:29 am |
  18. BLKMANinAmerica

    Yea but if you notice WHY on earth is the media not telling us about Congress' obligation with job creation in America?

    August 3, 2012 11:29 am at 11:29 am |
  19. Rudy NYC

    There were nearly 1.5 million jobs lost before the new Congress even convened.

    August 3, 2012 11:33 am at 11:33 am |
  20. w l jones

    With all that stimlus moneies just begining circle late .over the country you should see all new business coming on line to get a peice of the action. Who said the ancient people were dumb. ..they left the blue print and this adminstration implimented for we the people of American. Bless.

    August 3, 2012 11:34 am at 11:34 am |
  21. truth hurts

    > though the unexpectedly high number of jobs created in July

    so this is the liberal media spin on the number of jobs created??? not even enough new jobs to make up for population growth??? this is pathetic job growth! if there was a republican in the whitehouse and this number came out with an increase in the unemployment rate to 8.3%, they would be hammered unmercilessly by the liberal media. obama is being protected by the people that put him in the whitehouse.

    August 3, 2012 11:36 am at 11:36 am |
  22. Random Poster

    Somebody should really go look at the US workforce participation rate and decline in the size of the US work force before going on about only need 300K jobs to break even. We're still down MILLIONS of jobs.

    August 3, 2012 11:39 am at 11:39 am |
  23. PJ

    I'm not a financial guru. But, I heard on some show this morning that the slight up tick in unemployment meant
    that more people have started looking for jobs, and that is a good thing. According to them, these people see
    opportunities they had not seen before.
    Has anybody heard the specifics on how MItt will create 12M jobs in 4 years? Didn't think so. Is this guy
    going to bluff his way through to the election?
    I can hardly wait for the debates, and I hope we have moderators that will not take "gibberish" for an answer.

    August 3, 2012 11:48 am at 11:48 am |
  24. Larry W

    OK so the population grows at approximately 3.5% per year so that's 10 million. So we have the same numbered of employed but add 40 million to the population. If you are a numbers geek like me there is a measurement for the percentage of able bodied Americans (e.g. non institutionalized) who work. Currently that number is 58.4% when Obama took office in January of 2009 it was 60.6%, the low point was 58.2% was achieved in December of 2009 and July of 2009. In summary we have hit the bottom and are going no where!

    August 3, 2012 11:48 am at 11:48 am |
  25. DJ

    People need to wake up to the full picture. If our President has been unable to turn things around by now, he isn't the man for the job. He has been trying to do many things in a last minute effort to win the election. Do we really need someone in office who seems to only to have his own agenda before the people of this country? We gave Bush a second term and look what happened there, are we willing to risk our country just to give President Obama a second chance to try again?? Time to move forward to a different administration!!

    August 3, 2012 11:48 am at 11:48 am |
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