Society

95% Of New Jobs Under Obama Were Temping, Contracting

| by Lauren Briggs

President Barack Obama's administration says that they have created millions and millions of new jobs since the economic recession, but a new study has found that 94 percent of them have not been full-time, permanent positions.

A group of Harvard and Princeton economists who studied the job surge found that, out of the 10 million new jobs created during Obama's presidency, all but a handful of the openings sought temporary or part-time employees and contractors, reports Investing.com.

"Since I signed Obamacare into law [in 2010], our businesses have added more than 15 million new jobs," Obama said at his farewell press conference on Dec. 17, according to Investing.com.

At the start of Obama's presidency, 10.7 percent of workers reportedly had jobs that were not full-time. That number has gone up to 15.8 percent.

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"Workers seeking full-time, steady work have lost," said Krueger, a former White House Council of Economic Advisers chairman.

Though the gradually vanishing full-time jobs have impacted every demographic, it hit women the hardest since education, medicine, and other fields traditionally dominated by women declined heavily over the years.

One million fewer workers are earning paychecks than they were before the onset of the Great Recession, but Obama has said on multiple occasions that he has grown the economy by adding 15 million jobs to the private sector, notes CNN Money.

"Anyone claiming that America's economy is in decline is peddling fiction," Obama said in his final State of the Union speech, according to CNN Money.

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But the metrics he uses to get the 15 million job figure are generous, to say the least. Rather than measuring economic improvement from January 2009, when his term began, he counts job growth from employment's lowest period in February 2010, when fewer than 130 million Americans had jobs. Now, nearly 145 million are working -- just not full-time.

Using the same calculations, Obama's job growth is below President Bill Clinton's 22.9 million-job boost as well as President Ronald Reagan's 18.1 million, though he has surpassed President George W. Bush's 8.2 million figure.

Sources: Investing.com, CNN Money / Photo credit: Pixabay

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