Sorry for the large image; it’s all the BLS had. Then there’s the growth rate of the population that needs to be accounted for. Sorry, no chart, just a link. Between 2009 and 2014, our population grew 12 million people, more than the 7 million NET jobs that were created in the same time frame. And one last thing is that if you do a quick google search of “Part time jobs created 2009-2014,” article after article shows roughly 70-80% of those 7 million jobs are part time, at least as of 2013. So when you tout out those “jobs created” numbers, a) they are misleading because they aren’t accounting for jobs lost, and b) The unemployment doesn’t reflect the true problem: labor force participation.
Sorry for the large image; it’s all the BLS had. Then there’s the growth rate of the population that needs to be accounted for. Sorry, no chart, just a link. Between 2009 and 2014, our population grew 12 million people, more than the 7 million NET jobs that were created in the same time frame. And one last thing is that if you do a quick google search of “Part time jobs created 2009-2014,” article after article shows roughly 70-80% of those 7 million jobs are part time, at least as of 2013. So when you tout out those “jobs created” numbers, a) they are misleading because they aren’t accounting for jobs lost, and b) The unemployment doesn’t reflect the true problem: labor force participation.