Private sector employment has plummeted from its peak in late 2007 by 4.6 million. Back then, 115,647,000 worked in the private sector. Today just 111,040,000 do.
Since the recent nadir of private employment in January 2010, 4.2 million have re-entered the work force.
Unfortunately since the beginning of 2008, part-time employment has skyrocketed from 4.9 million to 8.1 million today, calling into question how good are the jobs recovered over the entire period. As recently as September 2011, part-time employment was as high as 9.3 million.
In any event, private employment is back to 2005 levels, which for its time was no achievement. The growth trend in jobs first reached that level back in 2000 and 2001, only to suffer the slings and arrows of the dotcom bubble and 911.
America has not really recovered from that time, otherwise private employment would be far in excess of 120,000,000 today.
The current president has no imagination, despite not being named Bush.
