868,000 New Jobs … repost

Obama is in the Green on Job Creation

September Reports brought some unexpected good news from the Bureau of Labor Statistics, the government agency that tracks all things jobs-related. During a scheduled review of its data, it determined that the economy had added hundreds of thousands more jobs than previously thought.

While getting overly fixated on individual jobs reports is unwise, this finding carries a special significance. This means that President Obama has now replaced all of the jobs lost early in his presidency — 800,000 jobs a month were being lost when he came into office — and is now in overall positive job creation territory. His leadership and policies have created a total of 868,000 new private sector jobs, which makes for 125,000 net new jobs once the loss of state and local government jobs killed by the Republican austerity is figured in.

ThinkProgress’ Pat Garafalo explains:

According to new revisions released today by the Bureau of Labor Statistics, the economy created 386,000 more jobs between March 2011 and March 2012 than shown by previous estimates. As economist Justin Wolfers noted, this means that President Obama is now net positivefor job creation over his term in office, even taking into account the massive losses in January 2009:

The BLS benchmark revisions means that there has been a net jobs gain since Jan ’09. Romney can no longer talk about job losses under Obama.

— Justin Wolfers (@justinwolfers) September 27, 2012

BLS Benchmark revisions mean that over the year to March 2012, the economy was adding 194k jobs per month, not 162k as previously thought.

— Justin Wolfers (@justinwolfers) September 27, 2012

The Economist’s Greg Ip noted that the revisions mean that Obama’s net job creation number is now 125,000:

Incorporating today’s BLS revision, net payroll growth over Obama’s term would move from -261K to +125K.

— Greg Ip (@greg_ip) September 27, 2012

The new numbers — which are based off of unemployment insurance reports that employers submit to the federal government — show that 453,000 more private sector jobs were created than shown by previous estimates, meaning Obama’s net private sector job creation total is now 868,000. Government jobs, meanwhile, shrank by an additional 67,000.

It’s also worth noting that Obama has already produced more new private sector jobs than his predecessor, George W. Bush. Bush ended both his first and second terms in the hole in terms of private sector job creation. Only significant increases in government employment allowed him to eek out a small overall net gain by the end of his two terms in office.

BOTTOM LINE: Ahead of next week’s critical first presidential debate, today’s news deprives Mitt Romney of one of his most frequently used talking points: that Obama has created no new jobs. While that talking point was always highly misleading at best, it is now a lie by any measure.


the President’s Weekly Address

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In this week’s address, President Obama explains his administration’s steps to help the housing market, including giving responsible homeowners a chance to save thousands of dollars every year by refinancing their mortgages, but he says we need Congress’s help to do more.
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Dan Howells, of Greenpeace

Last year a polar bear mother had to swim 687 kilometers to reach the sea ice for food. Her cub didn’t make it.
Donate today!
Make an urgent gift today and help support our campaign to protect the polar bears and save the Arctic.

687 kilometers. That’s the longest a polar bear mother had to swim last year to reach the sea ice and hunt for food. Her cub did not survive the trip.
Things aren’t getting any easier. In fact, this year Arctic sea ice reached its lowest level in recorded history — smashing the 2007 record. Meaning that polar bear mothers had even farther to swim than last year.
Now scientists are saying the Arctic Ocean could see ice free summers in the next decade if current trends continue. That means there won’t even be anywhere for polar bear mothers to swim to find food.
But for Big Oil the melting Arctic is not a warning sign. It’s an invitation. These companies hope to cash in by drilling for more of the oil that is causing the warming in the first place. We can’t let that happen.
Help us protect polar bear mothers and their cubs by making an urgent gift today to support our campaign to declare the high Arctic a global sanctuary.
Our goal is to permanently ban oil drilling and industrial fishing in the Arctic and to establish the area around the North Pole as a ‘global commons.’
We’ve already mobilized over two million people from around the world to save the Arctic in the last six months. Momentum is on our side and the oil companies that want to drill are feeling the pressure.
Just a few weeks ago, Shell announced it was stopping its drilling program for this season after investing seven years and $5 billion. Thanks to Mother Nature, its own incompetence and the millions of people who have taken action to save the Arctic, its plans have been put on hold.
And while it was a moment to celebrate, the sea ice news makes the importance of our campaign all the more clear. Time is running out. Sea ice is melting at record rates and Shell will be back again next year. Carmen, we need your support to save the Arctic. We can’t do this without you. Make an urgent gift today and help support our campaign to protect the polar bears and save the Arctic.
Greenpeace doesn’t take a dime from corporations or governments. All we care about is doing what is necessary to save the Arctic. But our plans for the rest of this year and 2013 — along with the fate of the polar bears that call the Arctic home — all depend on your support.
I know our campaign may seem ambitious, but we’ve done it before. In 1991, a Greenpeace effort much like this one helped establish Antarctica as a world park and off limits to commercial extraction. With your support I know we can do it again and this time save the Arctic.
Polar bear mothers shouldn’t have to swim 687 kilometers for food.
For the Arctic,
Dan Howells Greenpeace USA Deputy Campaign Director
P.S. If the Arctic sea ice continues to melt and if the area around the North Pole isn’t put off limits to oil drilling, polar bears don’t stand a chance. Support our campaign to protect the polar bears and save the Arctic by making your most generous donation today.