This is a workup I developed with data found here. http://data.bls.gov/cgi-bin/surveymost?ce
At that page I selected total private employment and government employment, and ran the numbers. Once inside the report, I expanded it out to a report from 1939 to the present.
I wanted to get fairly traditional reasoned growth numbers, so starting in 1965 when the figures seemed rather settled, I used those figures until the present time to come up with the information supplied above.
From 1961 through 1964, a rather normal work environment as it relates to job growth took form. Using figures from the jobs report starting in January of 1953 and continuing on every four years conciding with each new or continuing administration, I developed this report that reveals the jobs created each four years.
What prompted this study, was recent media reports that the economy has really turned around. I like many of you have been asking, "Well yes, but as compared to what?" Are we merely talking about the stopped hemeraging, or are we talking about returning to a robust economy that is now nearly healed.
On the right I chose to provide a little gauge of where we really stand comparted to what we should traditionally be able to expect as it relates to jobs in our nation.
I took a fairly level ten four year terms of jobs increases from 1965 to 2001. I then calculated the total growth over the ten periods, and developed a reasoned average we have come to expect on a normal basis.
Then on the right I plugged in that average growth, and from 1965 on, I calculated what we should expect when it comes to jobs held in the United States.
The figures I came up with are not exact, because they don't fluctuate. None the less, they hold pretty darned close through 2001. At that point they are about 734,000 jobs off. Still that's a fairly accurate model to have held up over 40 years, the four year job growth projection from 1961 through 2001. It's off by only 0.55%. The prior four year mark in 1997 is only 0.25 - 0.35% off.
For that reason, I think it's a fairly accurate indicator of where our jobs should be today. How many U. S. Citizens should be employed today?
If you take a look at the figure on the left our government says are employed today, and compare it to what traditional job growth projects say we should have employed, you'll note we're coming up 40 million jobs short.
To put that in perspective, we are employing 77.013% of the people we should be today. 22.987% of our citizens who should have jobs don't. That's nearly one in four people. And when you consider how many of our citizens are under-employed, it's a national disgrace. I wouldn't be shocked at all to learn half our potential workforce is either unemployed or under-employed. As Yakov Smirnov used to say, "America! What a country..."
Moving jobs off-shore, allowing citizens of other nations to come here and take jobs when so many U. S. Citizens are unemployed, to have the highest Corporate tax rates in the world, to actually give tax advantages to corporations that employ people off-shore... our leaders have really worked their magic.
So no, in answer to our reasoned questions, Barack Obama and the Leftist swill have not returned our economy to a healthy status. And no, our Republican cohorts haven't lifted so much as one finger to change that.
And that's the way it is, May 09th, 2013.