On Tuesday, the Congressional Budget Office (CBO) released a report that predicts that the unemployment rate will remain close to 8 percent through the end of this year.  That’s the same level the Obama Administration predicted the unemployment rate would max out at in mid-2009, back when they were trying to sell their trillion-dollar 2009 stimulus plan to Congress… Read more

In February 2009, President Obama signed the Democrats’ $1 trillion stimulus plan into law.  As shown in their infamous January 2009 Romer-Bernstein Report (officially titled “The Job Impact of the American Recovery and Reinvestment Plan”), the Obama Administration predicted that with their stimulus plan the unemployment rate would remain below 8 percent and ultimately fall to 5.2… Read more

Today, the Obama Administration announced that they would shut down the President’s Council on Jobs and Competitiveness.  But will Americans really miss it?  When it did meet, the President largely ignored the council’s most substantive recommendations.  And now the council hasn’t met in over a year.  In fact, here’s what happened to jobs and unemployment since the… Read more

As the President continues to call for well over $1 trillion in new taxes, including higher tax rates for small businesses, Main Street job creators have been speaking out about what those new taxes will mean for them and the men and women they work with each day.  The news is not good.  Three newly released surveys confirm the threat of higher tax rates is already hurting… Read more

Last week, a New York Times editorial noted that, despite November’s job gains, the employment situation in the U.S. is still bleak: “Over all, the job market is still very weak, with an estimated 3.9 million people having either dropped out of or never entered the work force after leaving school, on top of 12 million people who are officially unemployed and 8.2 million who are… Read more

Today’s report from the Department of Labor shows that a net total of 146,000 jobs were created and the unemployment rate fell to 7.7 percent in November.  While any job creation is welcomed, it is important to put them in perspective. Jobs Due to the size of the American workforce, gaining 146,000 jobs per month just won’t cut it.  The country is still more than 4… Read more

On November 8, Congressional Democrats suggested that allowing taxes to rise on small businesses would “have only a miniscule effect on economic growth.”  However, according to a new Congressional Budget Office (CBO) report, their call for tax hikes would destroy 200,000 jobs.  While that level of job destruction may be “miniscule” to Democrats, the reality is, it is more… Read more

1. Almost 4 Million Fewer Jobs than Projected: In January 2009, the Obama Administration forecast there would be 137.6 million jobs in December 2010.  Instead there were 130.3 million jobs in December 2010.  Even 22 months later in October 2012, there are just 133.8 million jobs – 3.8 million fewer than the Administration’s forecast for late 2010. 2. Slowest Jobs Recovery… Read more

   Before Obama*  After Obama**  Change Jobs (Payroll Employment)  136.8 million  133.5 million (9/2012)  - 3.3 million Not in Labor Force  79.5… Read more

Last week’s jobs report showed that the Obama Administration’s failed economic policies resulted in the addition of just 114,000 net new jobs in the month of September.  As the Brookings Institution chart below shows, at this pace, it will take well past 2025 until all the jobs lost during the last recession are recovered. … Read more