From job losses to job growth
Administration’s claim
The record says the country was losing hundreds of thousands of jobs each month when the President took office — 800,000 in that month alone.
What the record establishes
Current BLS estimates show total nonfarm employment falling by 750,000 in November 2008, 694,000 in December, 768,000 in January 2009, 761,000 in February and 824,000 in March. The January 2009 loss is 768,000 in the current benchmark vintage, so the 800,000 figure is not reproduced exactly. Employment reached a low of 129.7 million in February 2010 and was 145.6 million in January 2017: +11.5 million from January 2009 and +15.9 million from the February 2010 low. Unemployment was 7.8% in January 2009, peaked at 10.0% in October 2009 and was 4.7% in January 2017.