President Barack Obama entered the White House just as U.S. companies were brutally slashing jobs. In the past two years, the economy has slowly regained those jobs. That has left Obama with a small net gain of jobs during his term.
The worst month of the recession was January 2009, when employers cut 818,000 positions. It was also when Obama entered the White House. Over the next three months, employers cut 2.2 million more jobs. The cuts continued through February 2010. By then, the economy had shed 4.3 million jobs.
Businesses began to steadily add jobs in March 2010. In the 32 months since then, the economy has regained 4.9 million jobs. That includes 368,000 jobs that the Labor Department has said were added in the year that ended in March 2012, but that it hasn't assigned to specific months yet.
The net result is that the economy has added 562,000 jobs during Obama's time in the White House. The economy has added almost that many in just the past three months.
Obama's total compares with a net loss of 13,000 jobs in President George W. Bush's first term, from 2001 through 2005. Bush added 1.1 million in his second term. Job gains under President Bill Clinton totaled 11.5 million in his first term and 11.2 million jobs in his second.
Here are the monthly job changes and unemployment rates since Obama was inaugurated:
|Month||Job gain/loss (thousands)||Unemployment rate|
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