Economy

The Record-Breaking Obama Job Growth Streak Has Ended

JM Ashby
Written by JM Ashby

A record-breaking streak of job growth that began in 2010 under President Obama, the longest stretch of job growth in our history, has ended.

The economy lost 33,000 jobs in September while economists expected 90,000 jobs would be created.

Hurricanes Harvey and Irma damaged not only Texas and Florida but also the U.S. jobs picture, as payrolls fell by 33,000 in September. That drop came even as the unemployment rate fell to a 16-year low of 4.2 percent, the Bureau of Labor Statistics reported Friday.

The jobs loss was the first monthly decline in seven years, when the economy was still pulling out of the Great Recession.

While this can probably be attributed to Hurricanes Harvey and Irma, Bloomberg reports that economic data is expected to be "volatile" for several months as a result of this.

Given that Trump's response to recent disasters has been half-assed at best, I can't help but wonder if the economy will actually recover as quickly as some economists expect it will. It's not as if there is a normal, competent administration overseeing recovery efforts. Trump is just as likely to fuck something else up in the coming months if not tomorrow.

Also, there's another possible hurricane heading for the gulf coast right now.

It's worth pointing out that job creation continued under President Obama even when Hurricane Sandy decimated the northeast.

  • Aynwrong

    Every commenter here understood what the election of any Republican to the White House (even a non certifiable one) would eventually mean for the American economy. Bush 2.0. The only thing that might slow the inevitable is that fact President Moron (h/t Rex Tillerson) couldn’t find his own ass if he used both hands.

    If only the “liberal media” would point this out more often.

    • Scopedog

      Not just the “liberal media”, but all of those purist “liberals” who babbled on about how “both parties are the same” and always spew out word-salad nonsense with the words “neo-liberal”, “hillbot”, or “Bernie woulda won!” or “I’m voting my conscience!”.

      These assholes pulled the same crap in 2000, and look where we ended up. They didn’t learn then, and sadly, I don’t think they’ll learn anything from Trump.

      • Ceoltoir

        You are talking about the same people who never got over FDR not abolishing Wall Street in 1933. The only difference is that Huey Long was the unicorn pony.

  • Arthur Croft

    President Obama was a real president for all Americans, even the assholes like Trump who benefited from his stabilizing the economy and all the number of things that actually made America great on the world and domestic stage.

    Republicans are traitors and deserve to be punished to the full extent of what that entails.

    • Victor the Crab

      Nah. They’ll just blame it on Obama and the Democrats, and the Liberaly Biased Mainstream Media™ will go along with it. Shit never manages to stick to Republicans.

      • Arthur Croft

        Hope they drown in it and it sticks to their insides.

      • Scopedog

        And let’s not forget those on the far Left who will also spin the “both parties are the same, but the Democrats are neoliberal shills!” while also ignoring the GOP.

  • Dread_Pirate_Mathius

    I can’t wait to read about how this is Obama’s fault.

    • Time travel, particularly by Liberals, being a thing in Wingnuttistan….if only we could use that power for good.

    • Scopedog

      Oh, it’s coming….