Newly released employment numbers show two things.
1. Pres. Obama is a job creator.
2. Mitt Romney needs a new strategy.
NEW YORK (CNNMoney) — The U.S. economy now has more jobs than it did when the president took office in January of 2009.
Economist: ‘The stimulus did what it was expected to do. We are on a path to recovery.’With the addition of Friday’s fairly strong jobs report, plus upward revisions over the last couple of months, there are now 194,000 more jobs than there were in January of 2009, according to data from the Bureau of Labor Statistics.
And the number could be even higher once more expected revisions are released. Last month, the Labor Department released a statement saying it likely under-counted jobs created in much of 2011 by around 386,000. Those are preliminary figures that could still change when the final data is released in February.
But by either measure, Obama can now be called a job creator.
“The stimulus did what it was expected to do,” said Heidi Shierholz, an economist at the left-leaning Economic Policy Institute, referring to the $787 billion package of spending and tax cuts pushed through by the president in early 2009. “We are on a path to recovery.”
