Maybe the Private Sector IS Doing Fine

Joe Weisenthal of Business Insider has assembled a 24-slide show to illustrate what President Obama meant when he infamously said the private sector is "doing fine." Below are the three key graphs. They don't change the fact that, obviously, the private sector has a ways to go before its recovery is complete. But they're powerful enough to make me wonder: What if Obama, rather than just try to walk back his unfortunate choice of words, trotted out some visual aids and spent 60 seconds explaining exactly what he meant? 'Professorial' can be a feature, not a bug.

The first graph illustrates that, since the end of Obama's first year in office, private sector employment has indeed recovered steadily and is now back to where it was when he took office--around 111 million jobs.

JobsPriv.JPG

Unfortunately, the growth in private sector employment has been counteracted by a drop in public sector employment. This is the graph for state and local government jobs:

JobsStateLocal.JPG


The final graph adds federal jobs to state and local jobs to get the number for total public sector employment. (Presumably that spike mainly reflects hiring for the census.)

JobsUSGovt.JPG

Presented by

Robert Wright is the author of The Evolution of God and a finalist for the Pulitzer Prize. He is a former senior editor at The Atlantic.

Google Street View, Transformed Into a Tiny Planet

A 360-degree tour of our world, made entirely from Google's panoramas

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

Google Street View, Transformed Into a Tiny Planet

A 360-degree tour of our world, made entirely from Google's panoramas

Video

The 86-Year-Old Farmer Who Won't Quit

A filmmaker returns to his hometown to profile the patriarch of a family farm

Video

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

More in Business

Just In