Tonight Vice President Joe Biden, like many other Democrats this week at the DNC convention in Charlotte, cited 4.5 million jobs created under President Obama. The problem is, the figure is misleading and doesn't tell the whole story. The Associated Press has described the use of the 4.5 million figure as "cherry picked."
BIDEN: "After the worst job loss since the Great Depression, we've created 4.5 million private sector jobs in the past 29 months."
THE FACTS: This seems to be a favorite statistic, because many speakers at the convention cited it. But it's misleading - a cherry-picked figure that counts jobs from when the recession reached its trough and employment began to grow again. It excludes jobs lost earlier in Obama's term, and masks the facts that joblessness overall has risen over his term so far.
As well, in the same 29 months that private sector jobs grew by 4.5 million, jobs in the public sector declined by about 500,000, making the net gain in that period about 4 million.
Overall, some 2 million jobs were lost during the recession that began in December 2007 in President George W. Bush's term and ended officially in June 2009 with Obama as president.
Never since World War II has the economy been so slow to recover all the jobs lost in a downturn.
New jobs numbers will be out Fiday at 8:30 a.m.
|Katie Pavlich is the News Editor at Townhall.com. Follow her on Twitter @katiepavlich. She is also the author of Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up.
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Author Photo credit: Jensen Sutta Photography