Following July’s addition of 160,000 jobs, if the economy adds 105,000 more jobs per month for the next three months, the Obama administration will break into net job creation numbers.
In other words, more jobs will have been created than were lost during the earliest recession days of 2009 and 2010.
Considering the thousands of jobs that were being wiped out when the president took office, this would be a huge accomplishment. Now, can you imagine where we’d be if the stimulus had been larger and the Republicans hadn’t filibustered every job-creation bill the Democrats have proposed?
Either way, the job losses will have been completely wiped out within a single term. That’s significant.