Call it the phantom jobs that never were. Prior to the rather anemic 120,000 jobs created in March, the media has been going on and on about the over 200,000 jobs that have been created over the previous three months, the actual number of jobs was falling – yes, that is right, falling, dropping by an average of about 290,500 per month.
The number of people working in March was fewer than the number of people working when Obama became president in January 2009 and essentially unchanged when the recovery started in June 2009.
There are two ways of measuring the number of jobs: a survey of households and a survey of employers. But no matter how you measure it, the answer is the same: there has been no job growth under Obama.
But you won’t hear this depressing information on the news because everyone reports what are called the “seasonally adjusted” employment numbers, not the actual number of jobs.