We’ve analyzed total job creation during the Obama administration and present the results here in a format similar to the monthly payrolls report. We’ve also broken down the government sector into federal, state, and local, further breaking out the reduction in U.S. postal workers from the federal workforce.
More work needs to be done, but our first impression is that, in general, many of the jobs that have been created over the past four years have been in relatively low paying sectors versus those that have been lost. Certainly, some high quality jobs have been generated, such as the 189K in computer systems design, which is included in the professional and business services category. But, 577 K of those 933K jobs were in temporary help services. It’s also important to keep in mind the data refers to net changes in payrolls.
More analysis and detail forthcoming. Stay tuned.
(click here if charts are not observable)