14,770,000 net new jobs were created since January 2009 when Obama first took office — and according to the St. Louis Federal Reserve, most of those went to foreign-born workers: Foreign born workers / Native born workers — And the U.S. has 13,862,000 more working age Americans not in the labor force since January 2009 since Obama first took office.
For the sake of argument (to give the Obama administration the best benefit of the doubt), we'll assume that all 8.7 million people who lost jobs during the Great Recession have either went on disability, retired on Social Security, were incarcerated (criminally or medically), passed away, left the country or found another job — and not a single one is officially counted as "unemployed" today (as of September 2016).
Since Obama first took office in 2009, according to the National Center for Education Statistics, the U.S. has averaged over 3 million high school graduates every year during his tenure (24 million total during Obama's time in office) — and many, probably most, have went on to college for a certain amount of time and then either dropped out or graduated from college (and we can assume that most of them have attempted to enter the job market).
Net new jobs created under Obama per the U.S. Bureau of Labor Statistics (in thousands)
|Year||Jan||Feb||Mar||Apr||May||Jun||Jul||Aug||Sep||Oct||Nov||Dec||Net Jobs Created|
|Total to Date||14,770,000|
24 million graduates during Obama's tenure
-15 million jobs created during Obama's tenure
- 9 million jobs short (minus those who have either went on disability, left the country, was incarcerated (criminally or medically), passed away or left the country — and we have almost 14 million more working age Americans "not in the labor force" during Obama's tenure.
On her website, Hillary Clinton claims she can create 10.4 million jobs "in her first term alone". With 3 million graduates a year, will that be enough? How many of those jobs will go to foreign-born workers and those on guestworker visas? How many will be part-time or low-paying jobs at McDonalds and Wal-Mart?
Americans not in the labor force during Obama's tenure per the U.S. Bureau of Labor Statistics (in thousands)
We have almost 1 million more Americans "not in the labor force" (but want a job now) during Obama's tenure per the U.S. Bureau of Labor Statistics (in thousands).
The unemployment rate peaked at 10% in October 2009 but is reported by the Obama administration, the Bureau of Labor Statistics and the media at 4.9% today.
Economic Populist (September 2016) "The labor participation rate is 62.8% ... Pre-recession, the January 2008 labor participate rate was 66.2% — a far cry from what we see today. Ignoring labor participation rates after 2008, one has to go to the late 1977 to find rates this low ... Below is a graph of those not in the labor force, (maroon, scale on the left), against the noninstitutional civilian population (blue, scale on the right). Notice how those not in the labor force crisscrosses the noninstitutional civilian population in growth. The civilian noninstituitonal population is from where all other labor statistics have sprung, so to see strong acceleration in those not counted as participating in the labor force than the pool of population possible to be part of the labor force in the first place has been the bad sign of the last eight years."
*Full Disclosure: I didn't compare jobs created vs. those not in the labor force, or how many of the jobs that were created went to foreign-born workers, compared to previous administrations.