5 Million Jobs Destroyed Under Obama

The unemployment rate is a lie, actually, six of them. A question? Why do we need 6 unemployment rates? (U1, U2, U3, U4, U5, U6 unemployment).
Like when you ask a child who is lying a question and they come up with six different answers, they are hiding something.

The unemployment rate automatically and magically counts a person as employed after six months whether or not they found a job. Since unemployment is a two condition state, if you are not one; by default you are the other. So by not counting someone as unemployed anymore once their benefits run out, that means that they are automatically now counted as employed - a bald-faced lie.

So for the truth, we must look at the "Labor Force Participation Rate" and the size of the labor force - both statistics put out by the "Bureau of Labor Statistics".

Once you do that you will see that there are still over 4 million fewer jobs in America thanks to Obama, and nearly 5 million fewer than we would have had he held the LFPR at the levels Bush did.

To show them, simply look at the size of the labor force on the day Obozo was elected.
Labor Force Size

Jobs Destroyed By Obama

Total Labor Force Size in October 2008: 154,876,000
Labor Force Participation Rate (10/2008): 66%
Total Number of Jobs (10/2008): 102,218,160
(Labor Force size multiplied by rate)

Total Labor Force 10/2014: 156,278,000
Labor Force Participation Rate 10/2014: 62.8%
Total Number of Jobs 10/2014: 98,142,584

Summary

American Jobs in 2008: 102,218,000
American Jobs in 2014: 98,142,584
Number of jobs lost since 2008: 4,075,416

This calculation ignores the fact that the labor force actually increased in size over that time by some 1,400,000 people. If the Labor Force Participation Rate held the same as when Bush was President, 66% of them, or 925,320 of them would be working. So in total, we are down nearly 5 million jobs from where we would or should be.

SOURCE:

These statistics are both available online from the Bureau of Labor Statistics, not some partisan propaganda site. They require simple arithmetic, not something most lefties are capable of.

Civilian Labor Force (Size)
Labor Force Participation Rate
Simply multiply one by the other to see how many jobs there actually are.