-By Warner Todd Huston
President Obama has lately been touting the amazing claim that he’s created 5.2 million new jobs as President. His fantastic claim is featured in a new TV. But FactCheck.org says, not so fast. Those claims are “inflated,” to say the least.
FactCheck notes that the 5.2 million claim is accurate, such as it is. But what makes it “inflated” is that the jobs number refers only to jobs created after 2010 and does not include the 4.3 million that were lost earlier in Obama’s term.
Further, according to FactCheck, Obama’s number counts only private-sector jobs and does not include the “continuing losses” of jobs in the government sector as state and local jurisdictions find their budgets so over spent that pink slips have resulted.
FactCheck goes on to note that far from an actual gain of 5.2 million, once earlier losses are removed, Obama has in fact only realized some 967,000 jobs which includes a credit of 453,000 private-sector jobs which will be added through the Bureau of Labor Statistics (BLS) benchmarking process.
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FactCheck.org: Obama’s False Jobs Creation Claims”